Cement News tagged under: Weekly Newsletter
Climate change a bigger threat than recession for US cement producers21 October 2020, Published under Cement NewsEd Sullivan, PCA senior vice-president and chief economist, gave an economic outlook for the USA and a cement business forecast on the opening day of the IEEE East Coast meeting yesterday. He advised that the current recession is not comparable to the 2008 Great recession when dozens of cement plants shut down and cement consumption decline year after year. The declines now at the most are about five per cent and that suggests that the risks coming from the recession might be small. ... |
Carthage Cement sees reduced COVID-19 impact on 3Q results21 October 2020, Published under Cement NewsTunisia-based Carthage Cement reported a less severe impact of the COVID-19 pandemic on its turnover in the third quarter of 2020. The company’s turnover fell by six per cent to TND172m (US$63m) from TND183m in the 3Q19. In the 2Q20 turnover had fallen by 16 per cent due to the pandemic. Turnover in the domestic market increased six per cent YoY to TND151m when compared with the 3Q19 turnover of TND143m. Exports declined to TND1.193m when compared with TND1.225m in the 3Q19. However, del... |
Construction due to begin on 2.3Mta Dai Duong plant20 October 2020, Published under Cement NewsVietnam's Ocean Minerals Investment JSC is expected to commence the construction of Dai Duong cement plant on 22 October, with the project representing a total investment of VND9trn (US$388m) in the central province of Thanh Hoa. The first phase will include the construction of Dai Duong No 1 with an investment of VND4.3trn, which will be complete after 18 months and have a capacity of 2.3Mta. The People’s Committee of Thanh Hoa gave an in-principle nod to the investor in March 2019, a... |
PPC sees group revenue decline 2% YoY16 October 2020, Published under Cement NewsSouth Africa-based PPC has seen its group revenue decline two per cent YoY to ZAR10.241bn (US$618.23m) in the year ending 31 March 2020, compared with ZAR10.494bn in the previous year. Excluding Zimbabwe, revenue fell seven per cent from ZAR9.047bn to ZAR8.380bn, mainly due to a decline in revenues from South Africa cement. Furthermore, the company posted a loss of ZAR2.39bn in the FY19-20 against a ZAR162m profit in the year-ago period. Cost of sales declined three per cent YoY to ZAR8.2... |
Peru's cement producers see 10% rise in local dispatches in September15 October 2020, Published under Cement NewsCement consumption in Peru remained largely stable at 1.018Mt in September 2020 when compared with August 2020 and increased 10 per cent YoY. Of this total, local dispatches accounted for 1.001Mt, representing a 7.3 per cent rise MoM and a 10.4 per cent increase YoY, according to Asocem, the country’s cement association. Cement production rose 6.7 per cent YoY and three per cent MoM to 1.006Mt in September 2020 while clinker output fell 26.6 per cent YoY but increased 7.4 per cent MoM to 0.... |
LafargeHolcim expands carbon capture projects14 October 2020, Published under Cement NewsLafargeHolcim's portfolio of carbon capture projects was strengthened with the US Department of Energy's national Energy Laboratory Technology’s (DOE-NETL) announcement that it will support the LafargeHolcim CO 2 MENT Colorado project. LafargeHolcim has gathered a consortium of partners that include Svante Inc, Oxy Low Carbon Ventures LLC and Total to complete a study to assess the viability and design of a commercial-scale carbon capture facility. With DOE-NETL's finding confirmed, th... |
Kenya cement consumption sees 8M20 record high13 October 2020, Published under Cement NewsKenya's cement consumption for the 8M20 has hit a decade-high of 4.37Mt, according to the Kenya National Bureau of Statistics. Consumption rose by 11 per cent form the 3.95Mt recorded in the same period a year earlier. Kenyan cement consumption has not passed 4.18Mt since 2016 and the rise in 2020 comes during the disruptions of COVID-19. Small-scale construction projects were largely unaffected in Kenya by the pandemic and restrictions imposed in March 2020. Cement consumption in J... |
Secil Group award thyssenkrupp modernisation project13 October 2020, Published under Cement NewsSecil Group has awarded thyssenkrupp Industrial Solutions SAS (France) a contract for the modernisation of its 2Mta Outão cement plant in Setúbal, south of Lisbon, Portugal. The 'CCL - Clean Cement Line' project will see the plant become an energy-efficient, low-NO x and low-CO 2 emission facility. The project is partly funded by the Portugal 2020 Government incentives programme. ThyssenKrupp’s scope of supply includes modification of the preheater tower, a new AS-MSC calcined with ... |
Brazil sees robust cement consumption growth in September12 October 2020, Published under Cement NewsCement sales in Brazil saw a 21.4 per cent hike to 5.8Mt in September 2020 when compared with September 2019, according to SNIC, the country’s cement association. Sales per working day were 250,500t, up 18.5 per cent YoY and 2.5 per cent MoM. The key market of the southeast showed a 17 per cent YoY uptake in sales to 2.67Mt while in the northeast, the country’s second-largest cement market, sales were up 30.1 per cent to 1.229Mt. In the south deliveries were up 15.3 per cent YoY to 884,00... |
JK Cement commissions 0.7Mta Gujarat unit09 October 2020, Published under Cement NewsIndia’s JK Cement has commissioned and begun commercial dispatches from its new Gujarat unit. "The company has successfully commissioned 0.7Mta of grey cement grinding capacity at JK Cement works, Balasinor, Gujrat, unit of JK Cement and also commenced commercial dispatches today, ie 8 October 2020," said the company. The company has now completed its planned 4.2Mta grey cement capacity expansion from its units in Rajasthan (2Mta), Uttar Pradesh (1.5Mta) and Gujarat (0.7Mta). |