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Texas Cement Shipments: +9.3% in January
• 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…
Exchange Rate Movements in February. Positive for LafargeHolcim, Heidelberg and CRH. Negative for Cemex and Saint-Gobain
Changes in exchange rates in February 2021
Emerging Markets Cement: Volume Growth Slows Further in January
• 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…
1.2.3. Developed Countries Cement: Construction Data
Recent construction data for major developed markets
US Cement Volumes +8.9% in November, +1.0% Year-to-Date
• 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…
Q4 Preview: Less Benefit From Lower Energy Costs
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…
Global Cement Q3 Postcript: Lower Costs Main Driver of Margin Improvement
• 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 (Q3-2020) comparative results analysis
Latest quarter comparative results analysis of US/North America Based Businesses