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26 August 2020

West China follows upward profitability trend

China: West China Cement has announced that its profit attributable to owners of the company was US$108.8m in the six months to 30 June 2020, a year-on-year decrease of 5.2%. The improvement in profit came despite a 9.1% fall in revenue to US$440m. This trend follows a number of other Chinese producers that have seen markedly increased profitability in 2020 on the back of the Chinese government’s supply side reforms.

Published in Global Cement News
Tagged under
  • GCW470
  • China
  • West China Cement
  • Results
26 August 2020

Sunchon Cement supplies flood reconstruction efforts

North Korea: The state-run KCNA news agency has announced that cement, iron and steel and timber production units throughout North Korea are ‘pushing forward’ with production to supply building materials to flood-ravaged areas, including in Unpha County (North Hwanghae Province) and Ichone County (Kangwon Province). It stated that the Sunchon Cement plant had provided 10,000t of cement to reconstruction sites in ‘a short span of time.’

Published in Global Cement News
Tagged under
  • GCW470
  • Sunchon Cement
  • North Korea
  • Flood
  • construction
26 August 2020

Ohorongo hampered by coronavirus limitations

Namibia: Ohorongo Cement, despite not having any coronavirus cases itself, has seen a steep decline in demand for cement due to the economic effects of the Covid-19 pandemic. In an interview with local press, Frankleen Alberts, Manager of Customer Relations and Public Affairs at Namibia’s only integrated cement plant, said that, while domestic sales had suffered from a slowdown in public works and lower private construction levels, the closure of Namibia’s borders had all but eliminated opportunities for exports. It had also hampered the company’s supply chains.

Alberts said, “Cement sales have been affected since the outbreak of the virus. We were able to continue supplying our Namibian market without major interruptions while adhering to the regulations under the state of emergency. However, due to the restrictions and quarantine rules by neighbouring countries, our export market suffered adversely.” She added, “Due to the restrictions on travel and flights, the supply chain is affected and this includes inbound and outbound logistics, in terms of export sales.”

Alberts said that day-to-day operations at the company have not been affected by the ongoing Covid-19 pandemic as the company had introduced regulations as published by government and as required by the ministry of mines and energy to ensure the safety of employees while continuing with operations. None of the company’s employees was furloughed or laid off.

Published in Global Cement News
Tagged under
  • GCW470
  • Ohorongo Cement
  • Namibia
  • coronavirus
  • Sales
25 August 2020

Cementos Selva resumes Port of Yurimaguas operations

Peru: Cementos Pacasmayo subsidiary Cementos Selva has begun shipping 2550t/yr of cement produced at its 0.4Mt/yr integrated Rioja, San Matrín plant to the city of Iquitos via the Huallaga, Marañon and Amazon rivers following refurbishment of its Port of Yurimaguas cement terminal. The company said, “The facilities provided by the Port of Yurimaguas with its modern infrastructure and equipment, together with a coordinated logistical operation with the Rioja plant, has made it possible to considerably reduce reception and shipment times, demonstrating that good practices in the jungle are possible,” according to the Diario Gestión newspaper.

Published in Global Cement News
Tagged under
  • Peru
  • Cementos Pacasmayo
  • Cementos Selva
  • river
  • Shipping
  • Terminal
  • deliveries
  • logistics
  • Operation
  • Infrastructure
  • equipment
  • Port
  • GCW470
25 August 2020

Cemex informs of proposed South Ferriby logistics job losses

UK: Mexico-based Cemex has published plans for the redundancy of its entire South Ferriby, Lincolnshire logistics team. A total of 26 jobs are at stake. The Lincolnshire Today newspaper has reported that “it is no longer financially viable for Cemex to continue to operate the fleet at South Ferriby” following the mothballing of its 0.8Mt/yr integrated South Ferriby cement plant, according to the company. Its Rugby, Warwickshire fleet, Tilbury, Essex fleet and Hull, East Riding of Yorkshire fleet will pick up the remaining footprint.

Cemex said, “We understand that this news will be a further disappointment to the local community following the previous announcements about mothballing the South Ferriby plant. Thank you for your on-going support – we remain proud to have been such a valued part of the community. We would like to reiterate that all commitments to the local community will be maintained, including the work agreed as part of the Environment Agency flood protection project.” The South Ferriby plant was devastated by a tidal surge and resulting flooding in December 2013.

Published in Global Cement News
Tagged under
  • UK
  • Cemex
  • logistics
  • Transport
  • Jobs
  • Redundancy
  • community
  • Environment Agency
  • Project
  • outreach
  • Flood
  • charity
  • GCW470
  • Mothball
25 August 2020

Paraguay de-restricts cement imports

Paraguay: The government has re-opened borders to imports of cement due to a national shortage. The Última Hora newspaper has reported that importers will be free to bring cement into the country without having first applied for a provisional import licence. The situation is the result of growth in demand after the coronavirus lockdown and the suspension of production at Yguazú Cementos due to ‘a problem with a transformer.’ The government has already issued Yguazú Cementos with a 15,000t/yr cement import licence due to this.

Published in Global Cement News
Tagged under
  • Paraguay
  • Import
  • Law
  • Government
  • lift
  • Yguazu Cementos
  • Licence
  • Suspension
  • Electricity
  • Shortage
  • demand
  • GCW470
25 August 2020

Holcim El Salvador launches new-formula Cuscatlán cement

El Salvador: LafargeHolcim subsidiary Holcim El Salvador has announced an alteration to the composition of its flagship product, Cuscatlán cement, developed in laboratories in France and Mexico. Strategic marketing manager Amalia Palacios said, “The new formula offers the end user higher quality and less waste, that is to say a yield of around 20% more for the same price, so that we are improving quality without an impact on the customer's pocket."

Published in Global Cement News
Tagged under
  • El Salvador
  • LafargeHolcim
  • Holcim El Salvador
  • Product
  • Launch
  • labelling
  • laboratory
  • marketing
  • Waste
  • development
  • Quality
  • Price
  • customers
  • GCW470
25 August 2020

Energy Star 2020 for two Cementos Argos Plants

US: Grupo Argos subsidiary Cementos Argos has said that the Environmental Protection Agency (EPA) has awarded Energy Stars to its 1.1Mt/yr Harleyville, South Carolina cement plant and its 1.7Mt/yr Roberta, Alabama cement plant. This signifies that both plants are in the top 25% of US integrated cement plants for energy efficiency.

Legal and sustainability vice president María Isabel Echeverri said, “We are delighted to be granted again these certifications, which reaffirm our commitment to sustainability and to give value to our society. The responsible use of energy is an essential pillar of our company and we work every day in the development and implementation of technologies that enable efficient use and strategic management of this resource.”

Published in Global Cement News
Tagged under
  • Grupo Argos
  • Cementos Argos
  • Energy Star
  • Environmental Protection Agency
  • Award
  • Awards
  • GCW470
24 August 2020

Anhui Conch Cement’s first-half net profit rises in first half

China: Anhui Conch Cement has recorded a profit of US$2.33bn in the first half of 2020, up by 5.3% year-on-year from US$2.21bn in the first half of 2019. Revenues rose by 3.3% to US$10.7bn from US$10.4bn. The company attributed the increases to the resumption of construction across Asia after the coronavirus lockdown and increase sales in western China throughout the period.

Published in Global Cement News
Tagged under
  • China
  • Anhui Conch
  • Results
  • Profit
  • Sales
  • regions
  • coronavirus
  • lockdown
  • market
  • GCW470
24 August 2020

Loma Negra sells Yguazú Cementos majority stake to Paraguayan buyer

Paraguay: Argentina-based Loma Negra has sold its 51% stake in Yguazú Cementos. The El Cronista Comercial newspaper has reported that the proceeds of sale of the 0.8Mt/yr installed cement production capacity subsidiary will go towards paying off Loma Negra’s debts. The company said, “Loma Negra’s objective is to seek and execute projects with high potential. For this reason, after having started marketing operations in Paraguay in 2000, built and operated the factory since 2013 and reached high standards of production and profitability, we have finally decided to finalise its sale.”

Yguazú Cementos sold 260,000t of cement in the first half of 2020, down by 6.8% year-on-year from 267,000t in the first half of 2019. This generated revenues of US$25.4m, up by 39% from US$18.3m and constituting 12% of Loma Negra’s total sales of US$212m over the period. The company valued the asset at US$80m on 30 June 2020. The buyer is a Paraguayan company reportedly connected to remainder shareholder Intercement.

Yguazú Cementos’ 0.4Mt/yr Ascunsción cement plant in Capital District and 0.4Mt/yr Villa Hayes cement plant in Presidente Hayes Department supplied 40% of Paraguay’s cement demand in 2019.

Published in Global Cement News
Tagged under
  • Paraguay
  • Argentina
  • Loma Negra
  • Yguazu Cementos
  • Divestments
  • Sale
  • Intercement
  • Debts
  • volumes
  • Sales
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