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Cementos Molins records increased sales, earnings and profit in 2021

25 February 2022

Spain: Cementos Molins says that it recorded Euro986m in consolidated sales in 2021, up by 25% year-on-year from 2020 levels. The group’s earnings before interest, taxation, depreciation and amortisation (EBITDA) also rose, by 18% to Euro242m. Its net profit was Euro105m, up by 12% from the company’s 2020 figure. Throughout the year, Cementos Molins increased its net debt to Euro177m, corresponding to 0.7 times its EBITDA, from Euro74m at the end of 2020.

CEO Julio Rodriguez said “2021 has been another year of major challenges and at the same time of major achievements, with very positive results that show the great commitment of the teams at Cementos Molins.”

Published in Global Cement News
Tagged under
  • Spain
  • Cementos Molins
  • Results
  • coronavirus

AdBri boosts sales and profit in 2021

25 February 2022

Australia: AdBri’s consolidated revenues reached US$1.13bn in 2021, corresponding to a 7.6% year-on-year rise from US$1.05bn. Cement sales constituted 39% of the group’s revenues and rose by 12% year-on-year. Earnings before interest and tax (EBIT) were US$128m, down by 0.4% from US$129m. The company recorded a net profit after tax of US$85.7m, up by 3.1% from US$83.2m in 2020.

Chair Raymond Barro said “The many challenges of 2021 revealed the strength of our people and the depth of their skills, capabilities and experience. On behalf of the board, I would like to commend (managing director and CEO) Nick Miller, his executive leadership team and all our people for their commitment, dedication and resolve as they have continued to deliver for our stakeholders.”

Published in Global Cement News
Tagged under
  • Australia
  • Adbri
  • Results
  • GCW546

Indonesia Power produces cement-free concrete from ash

25 February 2022

Indonesia: Indonesia Power says that it has processed coal fly ash and bottom ash from its Adipala power plant into building materials, including cement-free ready-mix concrete, concrete blocks, paving slabs and refractory casts. The energy company also supplies ash to mine reclamation and water neutralisation projects, according to LKBN Antara News. In total, it reused 135,000t of ash by-products in 2021. The company generates 85,000t/yr fly ash and bottom ash.

Sinar Tambang Arthaestari has previous targeted Indonesia Power’s ash products for use in its cement production.

Published in Global Cement News
Tagged under
  • Indonesia
  • Indonesia Power
  • coal fly ash
  • coal bottom ash
  • concrete
  • concrete block
  • paving blocks
  • Refractory
  • Sinar Tambang Arthaestari
  • circular economy
  • CO2
  • Sustainability
  • supply contract
  • GCW546

Lanwa Sanstha Cement to commission Hambantota grinding plant in March 2022

24 February 2022

Sri Lanka: Lanwa Sanstha Cement says that it will commission its 2.8Mt/yr Hambantota grinding plant in Mirijjawila Export Processing Zone in early March 2022. The project had previously been scheduled for delivery in January 2022. Lanka Business Online News has reported that China Merchant Ports subsidiary Hambantota International Port Group agreed to supply a 2.4km conveyor belt and two ship unloaders in November 2021. After commissioning the grinding plant, Lanwa Sanstha Cement will proceed with Phase 2 of its work to increase the facility’s capacity to 4Mt/yr.

Published in Global Cement News
Tagged under
  • Sri Lanka
  • Lanwa Sanstha Cement
  • China Merchant Ports
  • Hambantota International Port Group
  • delay
  • belt
  • unloader
  • shiploader
  • logistics
  • GCW546

Lafarge North America’s Paulding plant achieves 99% alternative fuel substitution

24 February 2022

US: Lafarge North America has reported that its Paulding, Ohio, plant achieved 99% alternative fuel (AF) substitution in its cement production, up from 95% in past years. The operator said that the fuel change saved 205,000t of CO2 emissions in 2021.

Published in Global Cement News
Tagged under
  • US
  • Holcim
  • Lafarge North America
  • Alternative Fuels
  • CO2
  • Sustainability
  • Geocycle
  • Geocycle/Systech
  • Systech Environmental
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