Cement News tagged under: Weekly Newsletter
Dalmia Cement launches production at 2.25Mta expansion26 March 2021, Published under Cement NewsIndia's Dalmia Cement (Bharat) launched commercial production at its new 2.25Mta plant expansion in Bengal, Midnapore, on Wednesday. As a result, overall capacity at the unit has reached 4Mta, making it the largest plant in the state. The company has reported a revival in demand from the infrastructure and urban housing sectors, along with that from individual home builders and the government's rural housing schemes, especially from the eastern and central regions. Therefore, the new expans... |
Maple Leaf Cement Factory awards a contract for Punjab brownfield project25 March 2021, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCFL) has signed a contract with plant supplier Chengdu Design & Research Institute of Building Materials Industry Co Ltd, China, for the supply of equipment and engineering for a 7000tpd dry-process grey clinker Line (No 4), through a brownfield expansion project in Punjab province, Pakistan. According to a communication to Pakistan Stock Exchange (PSX) by Company Secretary, Muhammad Ashraf, the agreement was reached on 22 March to enhance its clinker p... |
Kuwait Portland Cement records 7% fall in profit25 March 2021, Published under Cement NewsKuwait Portland Cement has seen a 7.1 per cent YoY decline in attributable net profit to KWD1.3m (US$4.3m) in the 4Q20, compared with KWD1.4m in the year-ago period. Total operating revenue fell 46.6 per cent to KWD12.5m from KWD23.4m in the 4Q19. |
Grupo Cementos de Chihuahua becomes GCC25 March 2021, Published under Cement NewsMexico-based cement producer Grupo Cementos de Chihuahua has formally approved its name change to GCC at an Extraordinary General Meeting on 23 March 2021. Luis Carlos Arias, GCC’s CFO, said: “We changed the name to GCC to better reflect our 2025 vision: to be the best cement company in North America with the proper balance of people, profit and the planet. It unifies our brand in multiple countries, mirrors the stock ticker and reflects how the market best knows us.” Luis Carlos added, “I ... |
Dangote Cement Group reports FY20 revenues of NGN1034.2bn24 March 2021, Published under Cement NewsDangote Cement Plc has released its FY20 results, reporting group revenue up 16 per cent to NGN1034.2bn (US$2718.1bn) when compared with FY19. Group EBITDA totalled NGN71.3bn, up 49 per cent on FY19 and pan-African EBITDA reached a record NGN478.1bn. Group gross profit amounted to NGN596,226m, up 16.5 per cent from NGN511,682m in FY19. Net debt at the end of the period stood at NGN337,275m. Michel Puchercos, Group CEO, said: "Despite the impact of the COVID-19 pandemic, 2020 was a reco... |
Vietnam's cement sales set to rise 2% in 1Q2123 March 2021, Published under Cement NewsVietnam is expected to sell 8.87Mt of cement in March, up 1.5 per cent YoY, according to the latest data from the Department of Building Materials under the Ministry of Construction. The figure includes 5.02Mt of cement sold in the domestic market. State-owned VICEM is also expected to sell 1.83Mt in the domestic market and 3.85Mt of exports during the March period. As a result, Vietnam’s cement sales are estimated to have increased 1.5 per cent YoY to 22.31Mt in the first quarter of 2... |
Paraguay’s INC sets 70,000bags/day output target23 March 2021, Published under Cement NewsParaguay-based Industria Nacional de Cemento (INC) reported that the production of cement at its Vallemí plant is normalising at nearly 50,000 bags/day. The state-owned cement producer currently has a production target of 70,000 bags/day. INC President, Ernesto Benítez, said that once imported stock is sold, the INC product will be able to reach the market via the usual channels. “There is still a significant amount of this imported cement in the warehouses and this delays the departure of... |
Interoceanicos to build cement plant in Puno18 March 2021, Published under Cement NewsPeru-based Cementos Interoceanicos has signed an agreement with Satarem to build a 1Mta cement and two lime plants in Puno, Peru, in the next 18 months. The cement producer expects to enter the area’s cement and lime markets in the next two years. The project represents an investment of US$158m. Satarem aims to have a 30 per cent stake in the shareholding of Cementos Interoceanicos as a result of the agreement. |
Cemex to develop a carbon-neutral alliance in Germany18 March 2021, Published under Cement NewsCemex SAB de CV is developing a carbon-neutral alliance in Germany as part of its ‘Future Action programme’ to test and accelerate technologies to reach carbon neutrality at its Rüdersdorf plant. Cemex is joining pioneering industrial consortiums to develop industrial-scale demonstration projects using ground-breaking technologies to form this alliance, which aspires to achieve carbon neutrality at the Rüdersorf plant by 2030. Several technologies, including waste heat recovery, carbon... |
Titan Cement to install new precalciner at Kamari plant17 March 2021, Published under Cement NewsTitan Cement is investing EUR25m at its Kamari cement plant, Viotia, Greece. The project will see a new precalciner in operation by 2022. The modernisation will reduce CO 2 emissions, contribute to the waste management solutions in Attiki, and increase the plant’s competitiveness. Specifically, this upgrade will significantly increase the Kamari plant’s capacity for using alternative fuels, substituting in large part the fossil fuels necessary for the operation of its kilns. Follow... |