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Cemex bounces back strongly in first quarter of 2021

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Cemex has reported that its sales in the first quarter of 2021 came to $3.41 billion, a 9 per cent rise year-on-year compared to the first quarter of 2020. Its earnings before interest, tax, depreciation and amortisation (EBITDA) improved by 28 per cent to $684 million due to a boost in cement sales volumes and higher prices. Its net income for the first quarter was $665m.

Cemex?? net sales in Mexico increased by 19 per cent to $822 million, while operating cash flow increased 27 per cent to $299 million. Its US operations reported net sales of $1.0 billion, an increase of 5 per cent compared to the same period in 2020. Its operating cash flow in the US increased by 21 per cent to $196 million.

In the group?? Europe, Middle East, Africa and Asia region, sales grew by 2 per cent reaching $1.09 billion, while EBITDA was $113 million, 3 per cent higher year-on-year. In Central, South America and the Caribbean, Cemex?? net sales came to $424 million, an increase of 15 per cent compared to the same period in 2020.

Commenting on the results, Cemex?? chief executive officer Fernando Gonz?lez Olivieri said, “We achieved some important objectives and made significant progress towards our Operation Resilience goals, despite the persistent challenges that Covid has caused in many markets. The performance during the first quarter convinces me that we must be entering a period of sustainable growth for our main markets and it is likely that we will achieve two of our Operation Resilience goals well in advance of the 2023.

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Concrete

Star Cement launches ‘Star Smart Building Solutions’

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Star Cement has launched ‘Star Smart Building Solutions,’ a new initiative aimed at promoting sustainable construction practices, as per a recent news report. This venture introduces a range of eco-friendly products, including tile adhesives, tile cleaners and grouts, designed to enhance durability and reduce environmental impact. The company plans to expand this portfolio with additional value-added products in the near future. By focusing on sustainable materials and innovative building solutions, Star Cement aims to contribute to environmentally responsible construction and meet the evolving needs of modern infrastructure development.

Image source:https://www.starcement.co.in/

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Concrete

Nuvoco Vistas reports record quarterly EBITDA

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Nuvoco Vistas reported its highest-ever quarterly consolidated EBITDA of Rs.556 crore in Q4 FY25, with annual EBITDA at Rs.1,391 crore. Cement sales reached 19.4 MMT in FY25, with Q4 contributing 5.7 MMT. Revenue rose 4 per cent YoY to Rs.3,042 crore in Q4. Net debt reduced by Rs.390 crore to Rs.3,640 crore. The company received NCLT approval for acquiring Vadraj Cement, targeting 31 MMTPA capacity by FY27. Key marketing initiatives, expanding RMX and MBM businesses, and a focus on sustainability (457 kg CO2/tonne) drove performance. Nuvoco remains focused on premiumisation, operational efficiency, and market expansion.

Image source:nuvoco.com

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Concrete

UltraTech Cement increases capacity by 1.4Mt/yr

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UltraTech Cement has expanded its production capacity by 1.4 million tonnes per annum (Mt/yr) through a combination of debottlenecking efforts and operational efficiency upgrades across several of its plants. The enhancements include an addition of 0.6Mt/yr in grinding capacity at the Nagpur facility in Maharashtra and a combined 0.8Mt/yr at the Panipat and Jhajjar units in Haryana. With these upgrades, the company’s total domestic grey cement capacity has risen to 184.8Mt/yr, while its global capacity now stands at 190.2Mt/yr.

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