Global Cement News

Bangladesh: Cricketer and Bangladesh national team captain Tamim Iqbal has secured a brand ambassador contract with Seven Rings Cement. United News of Bangladesh has reported that the parties signed the contract at a ceremony at which director and chief executive officer Raihan Ahmed and chief financial officer and company secretary Kausar Alam were in attendance.

Iqbal said, “I am very proud to be associated with Seven Rings Cement, which is the only cement company that has three cement plants in three different places in Bangladesh."

Switzerland: LafargeHolcim’s consolidated net sales in 2020 were Euro21.1bn, down by 5.6% year-on-year on a like-for-like basis from Euro24.4bn in 2019. The group recorded recurring earnings before interest and taxation (EBIT) of Euro3.35bn, down by 2% from Euro3.74bn. Its cement sales fell to 190Mt, down by 7% from 208Mt. It noted an increase in bagged cement sales in emerging markets.

By region the group reported like-for-like growth in sales and earnings in Asia-Pacific driven by recovery in India and China despite weaknesses in the Philippines and Australia. Earnings rose despite falling sales in Europe, Latin America and North America with a resilient market noted in Central Europe and an ‘outstanding’ year reported in Latin America. Middle East Africa reported falling cement demand and adverse market affects from the coronavirus pandemic, although Nigeria remained buoyant.

Chief executive officer Jan Jenisch said, “2020 was an unprecedented year for everyone, challenging us to be more resilient, while stepping up to take care of those around us.” He added, “This crisis has really proven the resilience of our strategy and business model. By the fourth quarter of 2020 we were back to growth, with a 1.5% increase in net sales and over-proportional recurring EBIT of 14%.” The group completed eight ‘bolt-on’ acquisitions in 2020 and signed an agreement to acquire Firestone Building Products, a producer of flat-roofing systems in the US. It also claimed that, “Every tonne of cement we produced in 2020 was more carbon-efficient and contained more recycled material than the year before.”

Mexico: Elementia sold 5.3Mt of cement in 2020, up by 4% year-on-year from 5.1Mt in 2019. Consolidated net sales rose by 8% to US$1.34bn from US$1.24bn, while earnings before interest, depreciation, taxation and amortisation (EBITDA) rose by 8% to US$170m from US$157m. Cement business sales rose in all regions with the exception of Central America with particular earnings growth record in the US.

The company also noted that the sale of its integrated Bath plant in Pennsylvania, US remained under review by competition authorities with a response hoped for in April 2021. The sale of the unit to HeidelbergCement-subsidiary Lehigh Hanson was first announced in September 2019.

Russia: Eurocement has expanded its cement range with a new CEM-II cement produced with the siliceous sedimentary rock tripoli. The group said that the product is suitable for use in settings requiring high durability, for example marine hydraulic structures and underground construction.

Sales and marketing vice president Alexey Kharchenko said, “Launching the innovative cement CEM-II/A-P 42.5N is the company's timely response to the request of the largest buyers and their need for a universal, economical and high-tech product for the construction industry in Russia. We focus on long-term work and trusting relationships with the client.” He added that the product has superior carbon index values compared to Ordinary Portland Cement (OPC), in line with Cement Industry Sustainable Development Initiative (CSI) recommendations.

Uganda: LafargeHolcim subsidiary Hima Cement has launched Fundi masonry cement. The company says that the product has a lower carbon footprint than Ordinary Portland Cement (OPC). It is suitable for use in plastering, brick laying and mortar works.

Hima Cement Uganda chief executive officerJean-Michel Pons said, “Fundi is an application-based cement that is formulated with enhanced capabilities for masonry and plaster works. The customer is guaranteed improved workability, affordability and beautiful finishes.” He added, “In addition to addressing the application needs for masonry works, Fundi masonry cement is now the greenest cement on the Ugandan market. Fundi is produced with a reduced carbon footprint, with 54% lower CO₂ emissions in comparison to OPC.”