Cement News tagged under: Weekly Newsletter
Sri Lanka sees production up 9% in 9M2014 December 2020, Published under Cement NewsSri Lanka has seen domestic cement production rise 28.7 per cent YoY to 375,000t in September. In August production was up by 17.4 per cent YoY to 392,000t. Overall, cement production increased 8.5 per cent to 2.82Mt in the first nine months of 2020, compared to 2.6Mt in the same period of last year. Meanwhile, cement imports declined 19.7 per cent in September to 300,000t from 374,000t in the year-ago period. Cumulative imports for the 9M20 fell 33.1 per cent YoY to 2.54Mt from 3.8Mt.... |
LafargeHolcim accelerates impact on UN's Sustainability Development Goals14 December 2020, Published under Cement NewsWith 10 years remaining to achieve the UN's Sustainable Development Goals (SDGs), LafargeHolcim is committed to accelerating its impact across the SDGs and to transparently disclosing its progress. LafargeHolcim was recognised as a global climate leader this year, entering the CDP’s prestigious ‘A List’ for tackling climate change, among only two companies in its industry to rank ‘A’ for climate and ‘A-’ for water. In addition, LafargeHolcim ranked first in the building materials industry... |
Votorantim and McInnis to combine Canadian operations11 December 2020, Published under Cement NewsSt Marys Cement Inc (Canada), a wholly-owned subsidiary of Votorantim Cimentos, and McInnis Cement Inc announced that they will combine their assets to create a combined entity to manufacture, distribute and sell cement in Canada and the USA. The joint venture will be owned by Votorantim Cimentos International (VCI), the international investments platform and wholly-owned subsidiary of Votorantim Cimentos SA, the sixth-largest cement producer in the world, and Caisse de dépôt et placement du... |
CCI starts investigation into Ambuja and ACC10 December 2020, Published under Cement NewsThe Competition Commission of India (CCI) has initiated an investigation against ACC and Ambuja Cements and other cement companies in the country regarding alleged anti-competitive behaviour, according to regulatory filings. "ACC is of the firm view that it has acted and continues to act in compliance with competition laws and we are fully cooperating with the investigation and providing all necessary information to the authorities. ACC has a long-standing commitment to fair competition as... |
Bolivian cement demand down 13% in September09 December 2020, Published under Cement NewsCement consumption in Bolivia dropped 12.6 per cent YoY to 337,063t in September 2020 from 385,624t in September 2019, according to the country’s statistics office, INE. Demand in the key market of Santa Cruz declined five per cent YoY to 85,812t in September 2020 while in La Paz, the country’s second-largest market, advanced by 3.7 per cent YoY to 72,034t. Chuquisaca’s market contracted by 21.3 per cent YoY to 61,899t while demand in Cochabamba slipped 1.4 per cent to 57,821t. In Oruro d... |
PPC sees EBITDA rise 15% in 1H2008 December 2020, Published under Cement NewsSouth Africa-based PPC has seen its group revenue edge up one per cent to ZAR5.01bn (US$331.1m) in the half-year period ending 30 September 2020, compared to ZAR4.95bn in the 1H19. The rise has been attributed to robust cement sales after COVID-19 restrictions were eased. Group EBITDA increased 15 per cent YoY to ZAR996m from ZAR868m, with an EBITDA margin of 19.9 per cent. Operating profit also rose 77 per cent to ZAR610m against ZAR344m in the year-ago period. However, profit after tax f... |
Chile's cement demand up 16% in October08 December 2020, Published under Cement NewsCement consumption in Chile increased 16.2 per cent to 392,688t in October 2020 from 337,959t in the previous year, according to the country’s construction chamber, CChC. When compared with the previous month, the market expanded 19.7 per cent from 328,184t in September 2020. In January-October 2020 period, domestic demand dropped 10.6 per cent to 3.043Mt from 3.401Mt in the 10M2019. |
Uzbekistan sees 3% rise in production07 December 2020, Published under Cement NewsUzbekistan produced 8.8Mt of cement in the first 10 months of the 2020, up 2.6 per cent compared to the year-ago period. The largest volumes of cement were produced in the Tashkent region (46.7 per cent), followed by Navoi region (35.1 per cent) and Fergana region (12.8 per cent). The value of cement exported from Uzbekistan in the January-October period amounted to US$27.6m. Meanwhile, the value of cement imports reached US$105.5m. |
Loma Negra forced to stop kilns in Olavarría07 December 2020, Published under Cement NewsA conflict between Argentina’s mining workers' union and Minerar, a key supplier of raw material, has forced Loma Negra to halt its two kilns in Olavarría. If the issue continues, cement dispatches are expected to be interrupted in the coming days. The disruption comes within days of the country’s government announcing the decision to monitor the supply of building materials, to ensure the flow to private and public works. Loma Negra is carrying out an US$350m expansion project at its ... |
LafargeHolcim to invest CHF100m in Indian WHR projects03 December 2020, Published under Cement NewsLafargeHolcim has announced a CHF100m (US$111.84m) investment in India for waste heat recovery systems. The investment will be completed across six sites over the next two years, as part of the group’s net zero roadmap. "On our net zero journey, we set ourselves an ambitious scope 2 target. I am very excited to see India leading the way by investing CHF100m in waste heat recovery. This major step forward builds on our procurement teams’ work in renewable energy," said Magali Anderson, chi... |