Live Breaking News & Updates on Gcw504

Stay informed with the latest breaking news from Gcw504 on our comprehensive webpage. Get up-to-the-minute updates on local events, politics, business, entertainment, and more. Our dedicated team of journalists delivers timely and reliable news, ensuring you're always in the know. Discover firsthand accounts, expert analysis, and exclusive interviews, all in one convenient destination. Don't miss a beat — visit our webpage for real-time breaking news in Gcw504 and stay connected to the pulse of your community

Dangote Cement's revenue and earnings grow in first quarter of 2021 - Cement industry news from Global Cement

Dangote Cement’s revenue and earnings grow in first quarter of 2021
Written by Global Cement staff
05 May 2021
Nigeria: Dangote Cement’s revenue grew by 35.5% year-on-year to US$874m in the first quarter of 2021 from US$655m in the same period in 2020. Cement sales volumes rose by 18.7% to 7.5Mt from 6.3Mt. Earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 56% to US$468m from US$300m. Revenue and sales volumes increased fastest in Nigeria but earnings increased faster in the rest of Africa.
“We took the strategic decision to pause our clinker exports to ensure we meet the rapid volume growth in the Nigerian domestic market. We are improving the output of our existing and new assets and aim to recommence clinker exports in the second quarter,” said Michel Puchercos, the company’s chief executive officer. He added that the company had also ramped-up its new 3Mt/yr Obajana Line 5.

Obajana , Kogi , Nigeria , Nigerian , Michel-puchercos , Dangote-cement , Obajana-line , Results , Plant , Upgrade , Gcw504

HeidelbergCement divests Greek concrete and aggregates business to LafargeHolcim

HeidelbergCement divests Greek concrete and aggregates business to LafargeHolcim
Written by Global Cement staff
05 May 2021
Greece: HeidelbergCement subsidiary Halyps Building Materials has agreed to sell its aggregates business and two ready-mix concrete plants to Heracles Group, part of Switzerland-based LafargeHolcim. Heracles Group said that the acquisition would enable it to better serve the growing Athens metropolitan area and key infrastructure projects regionally. The value of the deal is undisclosed.
LafargeHolcim’s Europe, Middle East and Africa regional head Miljan Gutovic said, “I am excited about the opportunities and growth prospects of this acquisition in the Attica region of central Greece. It will provide additional support towards our net zero ambition with our leading range of sustainable building solutions such as EcoPact green concrete.” Heracles Group launched EcoPact on the Greek market in April 2021. In the first four months of 2021, LafargeHolcim completed four other bolt-on acquisitions.

Athens , Attikír , Greece , Kuwait , Greek , Lafargeholcim-europe , Miljan-gutovic , Heracles-group , Halyps-building-materials , Middle-east , Suez-cement , Germany

Belarus Ministry of Energy contemplates the use of peat in cement production

Belarus Ministry of Energy contemplates the use of peat in cement production
Written by Global Cement staff
05 May 2021
Belarus: The Belarus Energy Minister Viktor Karankevich has met with energy research institute Belgiprotopgaz to discuss the latter’s plans for the transition to the use of peat as fuel for cement production. Business World Magazine has reported that the country launched a major modernisation of peat production for 2021 – 2025 in late 2020. If successful, the domestically produced resource will replace imported natural gas in cement kiln lines.

Belarus , Viktor-karankevich , Belarus-energy , Belarus-energy-minister-viktor-karankevich , World-magazine , Government , Peat , Gcw504 , Gas , பெலாரஸ் , பெலாரஸ்-ஆற்றல் , உலகம்-பத்திரிகை

Laotian cement plant workers paid back wages in long running dispute

Laotian cement plant workers paid back wages in long running dispute
Written by Global Cement staff
05 May 2021
Laos: Workers at the Guestown-Lao cement plant have been paid back wages in a dispute. All 170 employees owed money by the Guestown-Lao company plant in Luang Prabang province’s Nam Bak district have now received US$42,000 from the plant’s new owner, according to Radio Free Asia. Some of the former employees of the plant have also returned to work under the new management.
Provincial authorities detained the Chinese owner of the Guestown-Lao plant in April 2021, accused him of failing to pay wages to his Lao workers in November 2020 and subsequently filed criminal charges against him. He is now awaiting trial on the charges. The company has since been taken over by China-based Jian Qe.

Laos , China , Luang-prabang , Louangphabang , Chinese , Lao , Nam-bak , Radio-free , China-based-jian , Plant , Workers

PPC to sell lime business for US$36m

PPC to sell lime business for US$36m
Written by Global Cement staff
05 May 2021
South Africa: PPC has agreed to sell its lime business to Kgatelopele Lime for US$36m. The cement producer previously identified PPC Lime as a non-core operation and the sale process started in December 2020. Kgatelopele Lime was formed to buy PPC Lime. Its shareholders are mineral resources trader IMR Resources, investment holding companies Kolobe Nala Investment Lime, HEX2M and JJJL Mining. The divestment is subject to consent by competition authorities and the government by the end of 2021.
PPC Lime originally started operations in 1954 in Lime Acres, Northern Cape. PPC Lime continues to mine out of two quarries, mining dolomite and limestone respectively, along with a rotary kiln plant to manufacture the burnt product. PPC Lime generated revenue and earnings before interest, taxes, depreciation and amortisation (EBITDA) for the financial year that ended 31 March 2020 of US$59m and US$7.6m respectively.

South-africa , Lime-acres , Northern-cape , Kgatelopele-lime , Kolobe-nala-investment-lime , Ppc , Lime , Divestments , Lime-plant , Quarry , Gcw504

Elementia's sales and earnings grow in first quarter of 2021 - Cement industry news from Global Cement

Elementia’s sales and earnings grow in first quarter of 2021
Written by Global Cement staff
05 May 2021
Mexico: Elementia recorded standalone net sales of US$363m in the first quarter of 2021, up by 18% year-on-year from US$309m in the first quarter of 2020. The group’s Mexican cement sales rose by 25% to US$74.9m from US$60.0m. Its US cement sales rose by 6% to US$58.9m from US$55.8m and its Central American sales rose by 18% to US$6.13m from US$5.19m. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 52% to US$51.2m from US$33.6m. In early March 2021 the group announced that it was starting a spin-off process to form a new company from its metals and building systems businesses as part of an ongoing corporate strategic reorganisation.

Mexico , United-states , Mexican , American , Central-american , Us , Elementia , Results , Gcw504 , மெக்ஸிகோ , ஒன்றுபட்டது-மாநிலங்களில்

Government considering sale of Oman Cement

Government considering sale of Oman Cement
Written by Global Cement staff
05 May 2021
Oman: The government is reportedly considering selling its majority stake in Oman Cement. Unnamed sources quoted by Bloomberg say that the authorities have been discussing the matter with financial advisors but that no final decision has been reached. The government owns a 54% stake in the cement producer through the Oman Investment Authority.
In separate reporting, Oman Cement Company has postponed its proposed US$250m Duqm cement plant project while it confirms the availability of fuel. In March 2021 the cement producer issued a tender for a related power plant project, according to the Muscat Daily newspaper. The proposed plant will have a clinker production capacity of 5000t/day.

Duqm , Al-wustáu , Oman , Bloomberg , Oman-investment-authority , Oman-cement-company , Oman-investment , Muscat-daily , Oman-cement , Government , Sale

Jaiprakash Associates suspends operations at plants in Madhya Pradesh and Uttar Pradesh due to coronavirus

Jaiprakash Associates suspends operations at plants in Madhya Pradesh and Uttar Pradesh due to coronavirus
Written by Global Cement staff
05 May 2021
India: Jaiprakash Associates has suspended operations at its cement plants in Madhya Pradesh and Uttar Pradesh from 1 May 2021 due to the ongoing coronavirus outbreak. The company say it will continue maintenance activities of these plants during this time. It described the situation as ‘dynamic’ and plans to resume operations after ongoing analysis.
Last modified on 05 May 2021

Madhya-pradesh , India , Uttar-pradesh , Jaiprakash-associates , Plant , Suspension , Corona-virus , Gcw504 , மத்யா-பிரதேஷ் , இந்தியா , உத்தர்-பிரதேஷ்