• Texas cement shipments were 9.3% higher in January 2021 than in January 2020. • The increase may have been boosted by the weak comparative in January 2020 (-0.9%). • Texas cement shipments in January 2021 were particularly strong for LafargeHolcim (+44%) but were particularly weak for Eagle/Heidelberg’s JV, Texas Lehigh (-15%). • Texas is…

Changes in exchange rates in February 2021

• Volumes were slightly stronger in January in the emerging markets that we monitor, but the rate of improvement was slower than in December. • Cement shipments in January 2021 were higher than in January 2020 in 6 of the 11 countries for which data is currently available. There were double-digit percentage increases in five…

Recent construction data for major developed markets

• November’s 8.9% increase in US cement shipments was the first monthly increase since June and only the second since March. • The increase in November was probably at least partly due to the warmer weather than in November 2019. • It boosted the year-to-date increase to +1.0%. • November’s shipments increased particularly strongly in…

The Q4 / second half reporting season starts on Tuesday 9 February for the nine companies that we publish forecasts for, with Buzzi and Martin Marietta being the first to announce, although Saint-Gobain pre-announced guidance on its better than expected Q4 sales and H2 EBIT on 6 January. We expect four of the nine companies…

• Summary. Q3 profits increased for 11 of the 14 largest global cement companies mainly due to lower costs which boosted margins. Votorantim (+58.5%) and Dangote (+54.3%) reported the largest EBITDA increases on a like-for-like basis, with results converted to US dollars to improve comparability. • Comparison of 14 global cement companies Q3/nine month results.…

Latest quarter comparative results analysis of US/North America Based Businesses

Margins at region and country level

Chinese companies again dominate