Philippines: Eagle Cement recorded consolidated sales of US$324m in the first nine months of 2021, up by 63% year-on-year. The company said that its cement volumes recorded double-digit growth during the period. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) were US$134m, up by 59% from US$83.9m. Its net profit meanwhile rose by 89% to US$102m from US$53.9m.

The company also announced that it has completed its expansion of its 7.1Mt/yr Bulacan cement plant in Luzon. The newly commissioned plant now boasts a fifth grinding mill, a third packing facility and a fifth cement silo, along with new supporting facilities.

Denmark: FLSmidth recorded consolidated sales of Euro1.67bn in the first nine months of 2021, up by 2% year-on-year from Euro1.64bn in the corresponding period of 2020. The supplier recorded a net profit of Euro26.4m, up by 54% from Euro17.1m. Of its two divisions, its cement business’ sales increased more sharply, by 22%.

CEO Thomas Schulz said “The third quarter of 2021 saw strong momentum in order intake. The cement industry is emerging from the pandemic with improved service activity and growing demand for greener solutions. Revenue grew strongly and earnings before interest, taxation and amortisation (EBITA) increased by 72% with an improved EBITA margin in both mining and cement.” He added “Our cement reshaping activities have progressed well and EBITA in cement was positive for the first time since the first quarter 2020.”

Mexico: Cemex has successfully closed a US$3.25bn syndicated credit agreement. The group said that it used the proceeds to repay its previous US$2.65bn facilities agreement. The new agreement will require repayment in November 2026. As the facility is worth 23% more than its previous one, the company said that it will have a stronger liquidity position than previously, resulting in a favourable company risk and credit rating situation.

CEO Fernando Gonzalez said "This new credit agreement represents a major milestone in our path to investment grade as it is our first major syndicated unsecured bank agreement since 2009. It showcases Cemex’s continued access to diversified funding sources while further aligning our financing strategy to our leadership in addressing climate change.” He added “We are starting a new chapter for the company where we shift our strategic balance a bit more towards growth and the advancement of our Climate Action goals.”

Colombia: Cementos Argos' nine-month consolidated sales rose by 9% year-on-year in the first nine months of 2021 to US$1.87bn from US$1.72bn in the corresponding period of 2020. The group increased its consolidated cement sales by 20% to 12.9Mt from 10.7Mt. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 31% to US$416m from US$319m.

Chief executive officer Juan Esteban Calle “In the context of cost inflation pressures, Argos holds a privileged position given its capacity to locally produce clinker and cement in each of the regions where we operate. Additionally, the strategic geographic location of our network of ports and our own fleet of vessels facilitate the integration of the Cartagena cement plant, which is one of the most efficient in the Americas, with grinding plants and ready-mix operations in the US and the Caribbean.”