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Cementos Argos enjoys sales and EBITDA boom in 2019

25 February 2020

Colombia: In 2019 Grupo Argos subsidiary Cementos Argos’ sales rose by 11% year-on-year to US$2.8bn from US$2.5bn in 2018 and its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 14% year-on-year to US$0.5bn from US$0.4bn in 2018. Cement dispatches rose by 0.6% to 16Mt. In the US, its main market, the company sold 6.3Mt of cement, up by 9.5% from 5.8Mt in 2018.

Argos CEO Juan Estaban Calle praised the company’s successes in 2019, such as the completion of its Thermally Activated Clays (TAC) project at its 1.4Mt/yr integrated Cementos Rioclaro plant in Colombia. “This allows for production and distribution of green cement with a greatly reduced clinker factor, 38% lower CO2 emissions and 30% of the energy consumption of ordinary Portland cement (OPC) production,” he said.

Published in Global Cement News
Tagged under
  • Colombia
  • Cementos Argos
  • Results
  • Sales
  • EBITDA
  • volumes
  • US
  • thermally activated clays
  • Plant
  • Upgrade
  • Clinker factor
  • CO2
  • Emissions
  • Energy
  • Consumption
  • Ordinary Portland Cement
  • GCW444

Huaxin Cement helps dispose of coronavirus waste

25 February 2020

China: Huaxin Cement says that it has disposed of 55t of medical waste from coronavirus-infected hospitals in Wuhan province at its 3.4Mt/yr Yangxin cement plant in Hubei province. Xinhuanet News has reported that the plant’s precalciner and rotary kiln have safely processed the batch, from its delivery in sealed trucks, through the combustion of the waste and its packaging, into cement.

Published in Global Cement News
Tagged under
  • China
  • Huaxin
  • Waste
  • Refuse Derived Fuel
  • Shipping
  • GCW444
  • coronavirus

Ghori Cement achieves 0.2Mt/yr capacity

25 February 2020

Afghanistan: Ghori Cement says that it has produced 18,600t of cement in January 2020, up by 400% from 3720t in January 2019. This would give the plant an annual production rate of 0.22Mt/yr, following ‘operational reforms and modernisation of spare parts.’ Arab News has reported that plans for the replacement of Ghori Cement’s Ghori, Pul-e-Khumri, cement plant with a new 0.4Mt/yr plant were interrupted by on-going civil strife in the region, north of the Afghan capital Kabul. Ghori cement plant general manager Riazudin Sharifi said, “Efforts are underway to further improve the capacity of the plant.”

Published in Global Cement News
Tagged under
  • Ghori Cement
  • Upgrade
  • Plant
  • War
  • Capacity
  • GCW444

Report shines light on causes of Queensland quarry fatalities

25 February 2020

Australia: A report commissioned by the Queensland Ministry of Mines has investigated the causes of all 47 deaths in mines and quarries in the state between 2000 and 2019, concluding that systemic, organisational, supervision or training failures caused the deaths in almost all cases. The report proposed that the state government should require quarry operators to use the Serious Accident Frequency Rate (SAFR) as their metric for health and safety monitoring, calling the Lost Time Injury Frequency Rate (LTIFR) unreliable because it is prone to manipulation, being “a measure of how the industry manages injuries after they have occurred. It is possible, therefore, to reduce the LTIFR without making the industry safer,” said the report’s author Sean Brady.

In the Australian 2019 financial year, ending 31 July 2019, six people died in Queensland’s quarries and mine.

Published in Global Cement News
Tagged under
  • Australia
  • Quarry
  • Safety
  • Government
  • Report
  • Death
  • lost time injury
  • GCW444

Fauji Cement’s second quarter profit drops by 82% year-on-year

24 February 2020

Pakistan: Fauji Cement has reported a profit of US$1.23m in the second quarter of the 2020 fiscal year, between 1 October 2019 and 31 December 2019. This corresponds to a drop of 82% year-on-year from US$6.83m in the corresponding period of Pakistan’s 2019 fiscal year. The Express Tribune newspaper attributed the plunge to currency depreciation, lower retention prices and higher electricity tariffs. Sales in the three months to 31 December 2019 were US$34.4m, up by 5.5% year-on-year from US$32.6m to 31 December 2018.

The company said that the second quarter saw a 20% jump year-on-year in cement dispatches to 0.93Mt from 0.77Mt in the second quarter of the 2019 fiscal year. It expects a return to profitability in 2020.

Published in Global Cement News
Tagged under
  • Pakistan
  • Fauji Cement
  • Results
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