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09 February 2018

Cemex earnings drop in 2017 due to US market

Mexico: Cemex’s operating earnings have fallen in 2017 due to a lower contribution from the US and South America despite growth in Mexico and Europe. Its operating earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 7% year-on-year to US$2.57bn in 2017 from US$2.75bn in 2016. Its net sales grew by 2% to US$13.7bn from US$13.4bn and its cement sales volumes remained stable at 68.5Mt. The cement producer also reported an unexpected loss in net income of US$105m in the fourth quarter of the year, which it blamed on taxes on other costs.

“Although 2017 was a challenging year… We had important headwinds during the year: underperformance in Colombia, Egypt and the Philippines as well as increased energy costs, mainly in Mexico. As we have done in the past, we focused on the variables we control to dampen these headwinds and we continued to deliver solid results,” said Fernando A Gonzalez, Chief Executive Officer (CEO) of Cemex.

Published in Global Cement News
Tagged under
  • Mexico
  • Cemex
  • Results
  • US
  • GCW340
09 February 2018

President inaugurates US$280m National Cement plant in Kenya

Kenya: President Uhuru Kenyatta has inaugurated National Cement’s US$280m integrated plant in Kajiado County. The clinker plant has a production capacity of 1.2Mt/yr and it set to employ 700 workers, according to the Agence de Presse Africaine. The plant also includes a 15MW captive power plant.

Published in Global Cement News
Tagged under
  • Kenya
  • Plant
  • Inauguration
  • National Cement
  • Power Plant
  • GCW340
09 February 2018

Chip Mong Insee Cement launches Kampot plant

Cambodia: Chip Mong Insee Cement has launched its new plant in Kampot province. Prime Minister Hun Sen in the Banteay Meas district of Kampot attended the event, according to the Phnom Penh Post. The US$262m plant has a cement production capacity of 5000/day or nearly 2Mt/yr. The plant is a joint venture between Chip Mong Group, which owns 60% of the shares, and Thailand’s Siam City Cement. The project is intended to meet growing demand for cement in the country.

Published in Global Cement News
Tagged under
  • Cambodia
  • Plant
  • Chip Mong Insee Cement
  • Siam City
  • GCW340
09 February 2018

LafargeHolcim cement plants in the US awarded Energy Star

US: Two LafargeHolcim US cement plants have been awarded the Environmental Protection Agency’s (EPA) Energy Star award. The EPA recognised the Holly Hill plant in South Carolina and the Devil’s Slide plant in Morgan, Utah.

“Receiving the Energy Star award this year at two sites is an affirmation of the hard work all our employees are devoting every day to meeting our environmental goals,” said John Stull, chief executive officer (CEO), US Cement.

This recognition is the eighth time the EPA has awarded both the Holly Hill and Devil’s Slide plants with the Energy Star award since 2009.

Published in Global Cement News
Tagged under
  • US
  • LafargeHolcim
  • Environmental Protection Agency
  • Energy Star
  • Award
  • Plant
  • South Carolina
  • Utah
  • GCW340
09 February 2018

HeidelbergCement hosts ground breaking ceremony for Calix carbon capture pilot project at Lixhe cement plant

Belgium: HeidelbergCement has hosted a ground breaking ceremony for the Calix carbon capture pilot at CBR’s cement plant at Lixhe. The ceremony itself took place at the Liège Oupeye Water Treatment Plant near Liège as part of the inaugural Innovation in Industrial Carbon Capture Conference. The two-day event, which took place on 7 – 8 February 2018, was organised by the Low Emissions Intensity Lime And Cement (LEILAC) Consortium, a European Union (EU) Horizon 2020 backed research and innovation project.

Construction work on the pilot at the cement plant is scheduled to start imminently. The project will test Calix’s carbon capture technology for two years at an operational cement plant. The technology has previously been used in the magnesite calcining sector.

Over 130 delegates from industry, academia and government attended the conference. The agenda was designed to encourage discussion and knowledge sharing across key stakeholder groups with a strategic interest in innovation in carbon capture technology. As part of the programme, the wider challenges faced by the cement and lime sectors in Europe were also explored focusing on how EU industries can contribute to reaching climate change targets, the role of innovation and company entrepreneurship and a knowledge exchange fair on technology.

The LEILAC consortium, which consists of representatives from the lime and cement industries, technology and engineering providers and research institutes, has set up as an industrial project securing Euro12m in EU funding in order to demonstrate technology to reduce carbon emissions from cement and lime industries.

Published in Global Cement News
Tagged under
  • Belgium
  • HeidelbergCement
  • Calix
  • carbon capture
  • pilot
  • Plant
  • CBR
  • LEILAC
  • European Union
  • GCW340
  • decarbonisation
08 February 2018

Counterfeit cement on the wane in Ukraine

Ukraine: The share of counterfeit products on the cement market in Ukraine dropped to 8.0% in 2017 from a staggering 21.5% in 2014, according to a press release from the Ukrcement association of cement producers, with reference to a study by GfK Ukraine. Ukrcement believes that change was prompted by the signing of a memorandum on the quality of cement between Ukrcement, the Union of Consumers and large distributors of construction materials in 2017.

Published in Global Cement News
Tagged under
  • Ukraine
  • Counterfeit cement
  • Ukrcement
  • Union of Consumers
  • GCW340
08 February 2018

Calcia plant blockaded over pay and job losses

France: Access to the Calcia cement factory in Calvados was ‘blocked’ on Wednesday 7 February 2018 by protestors from the General Confederation of Labour (CGT). They were protesting the salary policy of the company, as well as job cuts taking place across France. The move followed the collapse of annual pay talks between the HeidelbergCement subsidiary and the CGT.

Bertrand Moreau from the CGT said that the unilateral 1.3% pay increase offer from Calcia was not sufficient and that workers had witnessed ‘deteriorating working conditions’ since HeidelbergCement took over the company in 2016. He also expressed disappointment at plans to cut 22 jobs at Calcia’s Cruas plant in the Ardeche. The company employs around 1300 people across 10 sites in France.

Published in Global Cement News
Tagged under
  • Ciments Calcia
  • France
  • Protest
  • GCW340
08 February 2018

FLSmidth reports stronger orders overall as cement sector suffers

Denmark: Cement plant manufacturer FLSmidth has announced its financial results for 2017, which show, overall, its strongest order intake for four years. Total orders grew by 6% year-on-year in 2017, bolstered primarily by the company’s Minerals division.

Cement sector orders for the year were Euro611.0m, 1% lower than the Euro615.0m seen in 2016. Revenue from cement sector orders came to Euro547.9m, 5% lower than the US$576.0m orders received in 2016.

“2017 probably marked the trough of the business cycle and, based on our good positioning and strong life-cycle solutions, we expect our business to start growing again in the coming years. Our order intake increased and the momentum in the mining sector continues in 2018, while cement market conditions are expected to remain unchanged,” said CEO Thomas Schulz.

For 2018, FLSmidth anticipates an overall revenue from all activites of Euro2.42-2.68bn (2017 was Euro2.42bn).

Published in Global Cement News
Tagged under
  • FLSmidth
  • Denmark
  • Results
  • GCW340
08 February 2018

Cemex reports on Maceo situation

Colombia: Cemex Latam Holdings, the subsidiary of Mexican cement company Cemex in Central and South America and Caribbean region, has confirmed that is ‘solving’ the legal issues that prevent the opening of its new plant in Maceo, Antioquia, Colombia. The inauguration of the facility was postponed in May 2017 after authorities stated that the plant had not obtained all the permits to start operations. Jaime Muguiro, president of Cemex Latam, expressed that the company was still awaiting authorisation for the expansion of the plant's installed capacity, which is currently artificially limited to 0.25Mt/yr. The plant has a design capacity of 1.3Mt/yr and has so far cost Cemex US$420m.

Published in Global Cement News
Tagged under
  • Cemex Latam Holdings
  • Colombia
  • Dispute
  • GCW340
08 February 2018

Taiheiyo profit falls despite increase in revenue

Japan: Taiheiyo Cement has released its financial results for the nine months to 31 December 2017. They show a 10.3% rise in revenue for the nine month period to US$5.96bn from US$5.40bn in the first nine months of 2016. Its operating profit was up by 10.1% from US$403m to US$444m over the same period but its net profit fell by 43% to US$297m from US$520.9m. For the full year to 31 March 2018, Taiheiyo Cement advises that it anticipates a revenue of US$7.9bn, an operating profit of US$611m and a net profit of US$347m.

Published in Global Cement News
Tagged under
  • Taiheiyo
  • Japan
  • Results
  • GCW340
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