Cement News tagged: International
South Cement Co to issue 270-day bills
South Cement Co, Ltd, a subsidiary of Hong Kong-listed China Building Materials Co, has announced it will issue CNY1.5bn (US$240m) unsecured super short-term bills with a maturity of 270 days on the interbank market today. The company said in a statement that the bills will be issued at the face value and the coupon rate determined in the process of bookbuilding. Both of value date and pa...
Vietnam records 47% rise in January cement demand
Vietnam’s cement consumption increased six per cent MoM and 47 per cent YoY to 4.37Mt in January 2015, according to the Department of Building Materials at the country’s Ministry of Construction. The country's leading cement producer Vietnam Cement Industry Corporation (Vicem) sold 1.41Mt of cement in domestic markets, up 46 per cent YoY. Exports reached 1.5Mta. By the end of January, th...
Zimbabwe: Chinese project faces mining hurdle
Chinese plans to set up a cement-making factory in Zvishavane have run in to problems after it emerged that the mining rights in the area belong to Shabanie Mashaba Mines (SMM). Top Zimbabwe government sources told the Zimbabwe Independent this week the project was supposed to be set up some 30km from the mineral-rich town of Zvishavane along the Zvishavane-Mbalabala road. However, they [the ...
USA: Charlevoix cement plant expansion cleared
The Charlevoix County Board of Commissioners has approved the proposal by St Marys Cement to expand its cement plant in the Michigan state. St Marys Cement Inc, part of the Votorantim Group, is planning a US$130m upgrade to the Charlevoix plant which would increase production capacity from 1.3Mta to nearly 2Mta. According to local press reports, in a 5-1 vote that followed the hearing, t...
Vietnam monthly output up 27% YoY
Vietnam is estimated to have produced 5.2Mt of cement in January, down 8.1 per cent from December 2014 but up 27 per cent from a year ago, according to the government's General Statistics Office (GSO). In December 2014, the country’s cement output stood at 5.7Mt, according to the revised figure. The GSO also revised down the country’s cement output in 2014 to 54.1Mt, from earlier estimated o...
Hanson Cement set to become BMF member, UK
Hanson Cement will become a member of the Builders Merchants Federation, effective 1 February 2015. Hanson Cement operates three cement plants, one ready-to-use packing plant and 10 packed aggregate sites in the UK. In response to market growth, the company recently invested in a new Multicem plastic packing plant at its Padeswood cement works in North Wales to keep up with demand and provid...
Saudi firms’ net profit up 6% YoY
The net profit of the Saudi cement firms has registered an increase by six per cent in 2014, reaching US$1.56bn compared with US$1.48bn recorded in 2013, Arab News reported. Profit during the final quarter of 2014 increased by 31 per cent to US$382.86m compared with US$292.46m, during the same period in the previous year, In 2014, seven of the 14 listed companies grew, six companies saw pro...
All eyes on the ASEAN
The southeast Asian cement markets of the Philippines, Vietnam and Thailand are set for continued growth in 2015, while elsewhere in the region there is plenty to keep investors interested. Philippines – sustained growth ahead Cement industry sales in the Philippines have benefitted from robust demand thanks to bustling construction activity nationwide. Last year sales increased by 8.7 per...
Pakistan: Attock Cement sees 24% increase in quarterly profit
Attock Cement reported a 24 per cent rise in profit during 2QFY14-15 of PKR554m (US$5.5m) compared to PKR449m in the same period of last year. First-half profit increased 15 per cent to PKR1025m against PKR871m in 1HFY13-14, the Pakistan-based producer reported. Net sales rose to PKR3193m in 2QFY15 compared to PKR3045m in 2QFY14, up by five per cent. First half sales rose seven per cent t...
Siwertell secures new Medcem order, Turkey
Siwertell, part of Cargotec, recently secured a road-mobile unloader order from Medcem Global Pazarlama AS, in Turkey. This is the third order of its kind received from the operator in 18 months. Mr Koray Kandemir, Director of Projects for Medcem Global said: "We are planning and processing cement terminal projects in various countries, therefore, to get maximum benefit, we have to be very c...
FLSmidth and Haldor Topsoe sign cooperation agreement
Haldor Topsoe A/S, a leader in catalysis, and FLSmidth signed a cooperation agreement that marks the beginning of a joined effort to commercialise a newly-developed catalytic filter bag technology. The product will carry the brand name EnviroTex TM catalytic filter bags and is capable of removing dust, volatile organic compounds and nitrogen oxides in one integrated process, FLSmidth said ...
Al Jouf net profit advances 11.6% in 2014
Saudi-based Al Jouf Cement recorded a net profit of SAR60.4m (US$16.1m) for 2014, up from SAR54.1m in 2013, the company said in a statement to the Saudi Stock Exchange. The increase was attributed to lower cost of sales and general and marketing expenses, according to the company. Earnings per share (EPS) stood at SAR 0.46 in 2014, versus SAR0.42 a year ago. Operating profit rose to SA...
Uzbekistan: Ahangarancement full-year output rises
Ahangarancement, part of Eurocement Group, produced 1.24Mt of clinker and 1.7Mt of cement in 2014, a YoY increase of 6.2 per cent (72,500t) and five per cent (80,400t), respectively. The company said that its shipments rose by 6.5 per cent to 1.72Mt in 2014, (+105,300t). During the year, Ahangarancement started to produce cement types PC 400 KD20 SSPC 400 D20 in 2014, of which it produced 84...
Young talent joins Cemex UK
A new cohort of trainees has started at Cemex UK, bringing young people and new talent into the construction and building materials industry. Six trainee quarry managers, three external candidates with engineering degrees and three internal with relevant qualifications from within Cemex, have completed their business familiarisation programme and are about to start a six week rotation progra...
Siam Cement fourth-quarter net profit up 11% YoY
Siam Cement PCL, Thailand's largest industrial conglomerate, said on Wednesday its 4Q14 net profit rose 11 per cent due mainly to improving margin for its petrochemical business despite an inventory loss. Net profit was THB8.86bn (US$271.53m) for the October-December quarter, beating analysts' forecasts. For the whole of 2014, net profit dropped eight per cent to THB33.6bn (US$30.66m), th...
Ecuador 2014 sales down 2%
Ecuador cement sales dipped in 2014 to 6.47Mt, down two per cent from the 6.60Mt recorded in the previous year, latest data from domestic cement association INECYC shows . Last year's decline follows three consecutive years of annual sales growth in the Latin American country from 2011 to 2013. During December 2014, monthly sales rose 4.85 per cent to 557,786t compared to November 2014 (532...