RHI Magnesita’s sales, earnings and profit declines Written by Global Cement staff
09 March 2021
Austria: RHI Magnesita recorded consolidated net sales Euro2.26bn in 2020, down by 23% year-on-year from Euro2.92bn in 2019. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) were Euro140m, down by 53% from Euro300m. Pre-tax profit for the year was Euro42.0m, down by 30% from Euro200m.
The group attributed the declines to lower refractory volumes as a result of the effects of the coronavirus pandemic on market demand. It said that customers began re-stocking supply chains at the end of 2020 and into the first quarter of 2021, driving increased refractory demand. Its cement and lime business declined by 21% in 2020. The supplier said that the business recorded a ‘strong performance’ in the first quarter, characteristic of seasonal demand, followed by weak second and third quarters when demand was
Rainer Nobis publishes Illustrated History of Cement and Concrete Written by Global Cement staff
09 March 2021
Germany: Former HeidelbergCement technical director Rainer Nobis has published a book entitled Illustrated History of Cement and Concrete. The over 300-page volume traces the development of cement and concrete from prehistory to the present day, exploring the question of how cement and concrete came to be so closely intertwined with our prosperity, way of life and mobility. It is both a technical history and a story of the people who contributed to the development and application of cement and concrete. Nobis described the book as of interest both to cement experts and laypeople. More than 700 pictures accompany the text. Its first edition is available in English and German versions.
ISGEC Heavy Engineering to install two waste heat recovery units at Shree Cement’s Raipur cement plant Written by Global Cement staff
08 March 2021
India: ISGEC Heavy Engineering has won a contract for a double waste heat recovery (WHR) unit installation at Shree Cement’s Raipur cement plant. The Business Standard newspaper has reported that the supplier will install one unit on the plant’s pre-heater exhaust, and the other on the 10,500t/day kiln’s cooler exhaust.
Industrial and green energy boilers business head Vinod Luthra said, “This is indeed a very prestigious order for us and we thank Shree Cement for once again showing confidence in ISGEC s capabilities. This is the second project that ISGEC will be successfully setting up for Shree Cement.
Cimenterie Nationale to stop cement dispatches Written by Global Cement staff
05 March 2021
Lebanon: Cimenterie Nationale has announced that it will dispatch its last batch of cement for the foreseeable future on 6 March 2021. The L’Orient-Le Jour newspaper has reported the cause for the stoppage as the exhaustion of stocks of raw materials. The Lebanese government suspended access by cement producers to their quarries in October 2020. The nation’s three cement companies are permitted only to produce cement using clinker or limestone from existing stockpiles.
The company currently has 700 employees. It said that 3500 other jobs depend indirectly on its activities. Last modified on 10 March 2021