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Tanzania Portland Cement increases sales and profit in 2020
Tanzania: Tanzania Portland Cement recorded an increase in turnover of 13% year-on-year to US$170m in 2020 from US$150m in 2019. The Daily News newspaper has reported that the company’s net profit for the year was US$31.9m, up by 25% year-on-year from US$25.4m in 2019. Its sales volumes of cement grew by 6% in 2020. Chair Hakan Gurdal attributed the results to increased cement volumes, level prices and controlled cost. Gurdal said, “We achieved new records in production, dispatching and cement sales, following a volumes strategy to offset the general price downward trend of the past 10 years.” He added that the company remains ‘deeply involved’ in large infrastructure projects and that “The trend remains strong.” In 2020, national cement demand rose to 5.9Mt By the end of 2021, Tanzania is expected to have a cement production capacity of 11Mt/yr. /Global cement
UAECEMENT.COM - Jun,19,2021

Turkmen Enjam orders new 3000t/day kiln line at Lepab cement plant from Thyssenkrupp Industrial Solutions
Turkmenistan: Germany-based Thyssenkrupp has received an order for a new 3000t/day line for the Lebap cement plant from Turkmen Enjam. The Arab Times newspaper has reported that the line will include a raw materials crushing and preparation plant and storage facilities. /Global Cement
UAECEMENT.COM - Jun,15,2021

Misr Beni Suef’s sales and profit drop in first quarter of 2021
Egypt: Misr Beni Suef recorded sales of US$16.3m in the first quarter of 2021, down by 37% year-on-year from US$25.8m in the first quarter of 2020. Reuters reported that the company’s profit also fell by 37%, to US$2.39m from US$3.79m.
UAECEMENT.COM - Jun,13,2021

JSW Cement merges large projects division into JSW Group large projects division
India: JSW Group has established a new large projects division. The division combines the former large projects division of its subsidiaries JSW Cement and JSW Steel. It will use the group’s new end-to-end sales platform Aikyam, according to United News of India. The integration is expected to create large scale volume opportunities for the steel and cement businesses in Maharashtra, Gujarat, Karnataka, Telangana and Andhra Pradesh. Director Parth Jindal said, "JSW Group has the unique advantage of providing an integrated offering to its large customers in the infrastructure and building industries space.” He added "I expect Aikyam to fundamentally change the way JSW works with its large clients, while ensuring that our relationships continue to get stronger through a single group interface, bolstered by strong internal collaboration. In the near future we plan to offer other group products such as paints, construction chemicals, ready-mix concrete and many others to our large institutional customers through the Aikyam interface." /Global Cement
UAECEMENT.COM - Jun,8,2021

Bestway Cement to build new cement plant in Mianwali
Pakistan: Bestway Cement has provided details of its upcoming 7200t/day-capacity Paikhel cement plant in Mianwali district, Punjab province. China-based Sinoma International Engineering Company will supply engineering, procurement and construction for the plant. The plant will have a 9MW waste heat recovery (WHR) plant. /Global Cement
UAECEMENT.COM - May,30,2021

Asia Cement completes full shore power project for cement carriers
Taiwan: Asia Cement Corporation has completed its US$1.3m full shore power project for its cement vessels. Following the upgrade its cement carriers use the Taipower power supply when berthed at port instead of using on-board generators. The project has been implemented at the ports of Kaohsiung, Taichung, Keelung and Hualien. The cement producer currently operates four cement carriers. The shipping upgrade is expected to save over 1474t/yr of fuel oil and effectively reduce 5329t/yr of CO2 emissions. The cement producer added that it would improve the unloading efficiency of cement carriers, decreasing the unloading time by 50%, and reduce wear on the ship generators.
UAECEMENT.COM - May,22,2021

Former Iranian minister calls for cement to be added to commodities exchange
Iran: Hossein Modares Khyabani, the former head of the Ministry of Industry, Mine and Trade, has called for cement to be traded on the Mercantile Exchange, a commodities exchange based in Tehran. He hoped that the move would enable cement producers to upgrade plants and increase exports, according to the Islamic Republic News Agency. The aim is to have producers generate mhigher profits and build infrastructure development. Local cement production grew by 13% year-on-year to 68Mt in the Iranian calendar year to March 2021. However, gas, electricity and transportation costs all grew significantly during the period.
UAECEMENT.COM - May,22,2021

Dalmia Bharat’s full-year sales and earnings rise in 2021 financial year
India: Dalmia Bharat’s consolidated revenue rose by 9% year-on-year to US$1.43bn in its 2021 financial year from US$1.31bn in the same period in 2020. During the period, which ended on 31 March 2021, its sales volumes of cement grew by 7% to 20.7Mt from 19.3Mt. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 32% to US$377m from US$285m. Puneet Dalmia, the managing director of Dalmia Bharat said, “I am delighted with our company’s performance this year. The performance is backed by broad-based revenue growth of 9.0% across each region of our operation and EBITDA margin expansion. Through a much disciplined execution, we have successfully increased our capacity by 16% while simultaneously pre-paying our gross debt.” /Gloabal Cement
UAECEMENT.COM - May, 05,2021

Lucky Cement sees nine month profit leap by 303%
Pakistan: Lucky Cement has reported a 303% increase year-on-year in its unconsolidated profit after tax (PAT) in the first nine months of the 2021 Pakistan fiscal year, a reporting period that ran from 1 July 2020 to 31 March 2021. Its PAT for the period was US$72.6m, compared to just US$18.9m in the same period of the prior fiscal year. Lucky Cement’s net sales for the nine month period came to US$306m compared to US$208m a year earlier. Its net sales for the January-March 2021 quarter increased to US$111m form US$71.6m in the same period of 2020. /Global Cement
UAECEMENT.COM - May, 01,2021

Shiva Cement decreases loss as sales fall in 2021 financial year
India: Shiva Cement’s consolidated net sales in the 2021 financial year, which ended on 31 March 2020, were US$3.81m. The figure represents a 12% year-on-year decline from US$4.33m. Net loss also fell, by 4% to US$2.94m from US$3.05m. /Global Cement
UAECEMENT.COM - Apr, 27,2021

LafargeHolcim’s first-quarter earnings double as sales rise in 2021
Switzerland: LafargeHolcim’s first-quarter consolidated net sales rose by 1% year-on-year to Euro4.86bn in 2021 from Euro4.79bn in 2020. Its recurring earnings before interest and taxation (EBIT) doubled to Euro478m from Euro237m. Cement sales volumes grew by 5.5% to 47.3Mt and ready-mixed concrete by 2.7% to 10.1Mm3. The group said that it anticipates growth to accelerate in 2021. It expects to achieve its Strategy 2022 targets one year ahead of time. During the quarter, the group concluded its acquisition of US-based Firestone Building Products and received an A1+ social, environmental and governance rating from UK-based Vigeo.
UAECEMENT.COM - Apr, 24,2021

Larsen & Toubro wins new 3.5Mt/yr cement plant contract in Rajasthan
India: Larsen & Toubro has won a contract for the construction of a 3.5Mt/yr-capacity integrated cement plant at Nimbahera in Rajasthan. The Press Trust of India newspaper has reported that the supplier classed the order’s value as ‘significant,’ meaning between US$134m and US$336m. /Global Cement
UAECEMENT.COM - Apr, 19,2021

Ambuja Cement to commission 5Mt/yr Mundwa cement plant by September 2021
India: Ambuja Cement, part of Switzerland-based LafargeHolcim, plans to commission its upcoming Mundwa cement plant in Rajasthan by September 2021. The plant will have a total capacity of 5Mt/yr, consisting of 3Mt/yr of integrated and 2.0Mt/yr of grinding capacity. The Hindu newspaper has reported that the company aims to achieve 50Mt/yr total installed capacity in the medium term. It said that it is evaluating possible plant upgrades at Bhatapara in Chhattisgarh and Maratha in Maharashtra. /Global Cement
UAECEMENT.COM - Apr, 13,2021

Qatar National Cement Company increases profit in first quarter of 2020
Qatar: Qatar National Cement Company recorded a profit of US$19.3m in the first quarter of 2021. Reuters has reported that the figure represents a 29% year-on-year rise from US$14.9m from the same period in 2019. The cement producer reported a 6% year-on-year fall in revenue to US$182m and a 13% fall in net profit to US$40.8m in 2020. /GlobalCement
UAECEMENT.COM - Apr, 08,2021

Grupo Cementos de Chihuahua announces corporate name change to GCC
Grupo Cementos de Chihuahua has announced that it has changed its corporate name to GCC. The name change was approved by shareholders at the recent Extraordinary General Meeting. Luis Carlos Arias, GCC’s Chief Financial Officer, commented: “We changed the name to GCC to better reflect our 2025 vision: to be the best cement company in North America with the proper balance of people, profit and the planet. It unifies our brand in multiple countries, mirrors the stock ticker and reflects how the market best knows us.” Luis Carlos continued, “I wish to thank our shareholders for supporting and approving our new corporate name; we are now an organisation with a new name and renewed vision.” /WorldCement
UAECEMENT.COM - Apr, 05,2021

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