Cement News tagged under: Weekly Newsletter
Star Cement to invest INR4.5bn in new plant02 December 2020, Published under Cement NewsIndia’s Star Cement has announced an INR4.5bn (US$61m) investment in Bengal through the construction of its new 2Mta grinding unit. It will be the company’s first facility in the state and the government has already cleared land for the project in Jalpaiguri, according to the Times of India. Star Cement currently has a manufacturing capacity of 4Mta, which is expected to go up to 6Mta upon completion. The Bengal plant will be supplied with clinker from the company’s works in Meghalaya.... |
Cementos Cosmos invests EUR4.4m in PV plant02 December 2020, Published under Cement NewsCementos Cosmos, part of Votorantim Cimentos, plans to install a 6.2MW photovoltaic facility at its plant in Toral de Vados, Spain. The facility will consist of 14,028 solar panels and will be located on a 10ha plot near the Toral de los Vados industrial estate. The project represents and investment of EUR4.4m and when completed will supply 15 per cent of the plant’s electricity requirement. In addition, the alternative power supply will reduce the carbon emissions of the cement plant by 35... |
Two of Uzbekistan's cement plants suspend production02 December 2020, Published under Cement NewsUzbekistan’s Kuvasaycement and Akhangarantsement cement plants have suspended the production of cement due to a decrease in gas pressure, according to Trend News. The Antimonopoly Committee of Uzbekistan has reported that the decrease in pressure is associated with a cold snap and increased gas consumption by the country’s population. "Against the background of the current situation, the average daily volume of past trades amounted to 30,000t, which is 34 per cent lower than the indica... |
Colombian cement market expands 5% in October01 December 2020, Published under Cement NewsCement dispatches in Colombia increased 5.2 per cent YoY to 1.169Mt in October 2020 when compared with 1.111Mt delivered in October 2019, according to the national statistics agency, DANE. The rise was supported by an increase in the retail segment, where dispatches were up by 10.6 per cent YoY. Building companies and contractors increased their offtake by 4.2 per cent when compared with October 2019. However, deliveries to the ready-mix concrete segment dropped nine per cent YoY. The ... |
HeidelbergCement to move Italcementi's research centre to Germany30 November 2020, Published under Cement NewsHeidelbergCement, parent company of Italcementi, is planning to move the Bergamo research centre to Germany, according to reports in Italia Oggi. The step is part of the company’s strategy to further optimise the effectiveness, processes and structures of its activities, which includes the centralisation of its research functions in a single location. The timing of the move, which is expected to affect the 32 employees of the centre, has not yet been disclosed. |
YTL Corp posts 18% rise in revenue27 November 2020, Published under Cement NewsMalaysia’s YTL Corp has posted an 18.2 per cent MoM increase in revenue to MYR4.2bn (US$1.03bn) for the third quarter of 2020, compared with MYR3.5bn in the 2Q20. Pre-tax profit also improved to MYR136.8m from a loss of MYR135.5m in the previous quarter. The sequential improvement in performance was mainly driven by its cement and utilities segments. |
Tokyo Cement (Lanka) announces expansion plans26 November 2020, Published under Cement NewsSri Lanka’s Tokyo Cement Co (Lanka) has recently entered into an investment agreement with the country’s Board of Investment for a plant expansion project. The company is expected to expand its plant in Trincomalee by 1Mta with an investment of US$12m. The company has an 18-month plan to increase production, which is expected to reinforce the company's readiness to cater to the future demand growth from the local construction industry. |
CRH posts 2% rise in EBITDA for 9M2025 November 2020, Published under Cement NewsCRH has reported a three per cent like-for-like (LfL) decrease in its sales to US$20.6bn for the nine-month period to the end of September 2020, maintaining the level of sales decline reported at the half-year stage. Despite the lower sales, EBITDA for the period was US$3.4bn, up two per cent on a LfL basis. This reflected a continued focus on cost rationalisation and mitigating actions to minimise the financial impacts of lower sales caused by the pandemic. The group reported US$65m of non... |
Spanish cement demand drops 13% in October25 November 2020, Published under Cement NewsDemand for cement in Spain has fallen 13.1 per cent YoY to 1,205,482t in October 2020, according to Oficemen. In the first 10 months of 2020, domestic consumption has decreased 12.3 per cent YoY to 11,055,411t when compared with the 10M19. “Due to its multiplier effect on the economy and employment, investment in infrastructure should play a relevant role in direct aid and in the financing that our country will receive from Europe. In Spain we have accumulated an investment deficit of mo... |
GICA to export clinker to Dominican Republic and Haiti25 November 2020, Published under Cement NewsGICA will export 41,000t of clinker to the Dominican Republic and Haiti as it seeks new markets in Latin America, the company announced in a statement sent to EFE. It will also ship 60,000t of clinker to Côte d’Ivoire from the Hadjar Soud plant in Skikda. Since the start of 2020 close to 2Mt of clinker has been exported, including 300,000t to the Latin American market. In the last two years, GICA has entered the African markets of Benin, Cameroon, Côte d’Ivoire, Gambia, Ghana, Guinea, ... |