Cement News tagged under: Weekly Newsletter
Indonesian cement demand drops 9% in August08 October 2020, Published under Cement NewsIndonesian cement consumption in August declined 8.9 per cent to 5.86Mt in August 2020 when compared to August 2019, according to the Indonesian cement association, ASI. MoM a 7.5 per cent rise was reported. In the first eight months of 2020 total demand reached 38.47Mt with a capacity utilisation rate of 54 per cent. "Seeing the condition that up to August 2020 demand is still a deficit of 2.34 million tons, only exports can be expected to reduce the shortage of domestic [consumption]," s... |
Morocco's cement market expands 8% in September07 October 2020, Published under Cement NewsMoroccan cement deliveries increased 7.9 per cent YoY to 1,244,689t in September 2020 from 1,154,101 in the year-ago period, according to data by the Ministry of Urbanisation and Housing. The infrastructure sector saw its deliveries rise by 36 per cent to 58,170t while building increased its offtake by 6.7 per cent to 58,187t. Sales to the prefabricated segment advanced by 14.4 per cent to 106,038t. Deliveries to the ready-mix concrete sector were up by 8.4 per cent to 199,911t. However, t... |
Argentine cement consumption advances 11% in September07 October 2020, Published under Cement NewsCement demand in Argentina increased 10.5 per cent to 1,037,499t in September 2020, as shown by the monthly report of the country’s cement association, AFCP. This demand was entirely served by domestic producers with no imports recorded. In addition, the country’s cement producers exported 6133t of cement, down 33.6 per cent from 9234t. Total production in Argentina increased 10.1 per cent YoY to 1,043,632t. January-September 2020 However, in the first nine months of the year, cement cons... |
UK Concrete and cement industry launches 'Roadmap to beyond Net Zero'06 October 2020, Published under Cement NewsThe UK concrete and cement industry has launched a roadmap to become net negative by 2050, removing more carbon dioxide from the atmosphere than it emits each year. The UK Concrete, part of the Mineral Products Association (MPA), has identified that net zero can be met through decarbonised electricity and transport networks, fuel switching, greater use of low-carbon cements and concretes as well as carbon capture, usage or storage (CCUS) technology for cement manufacture. The 'R... |
Breedon announce Group CEO change06 October 2020, Published under Cement NewsPat Ward has informed the Board at Breedon Group of his intention to retire as group CEO and a director of the company in 2021. It is anticipated that he will be succeeded by Rob Wood, Breedon’s group finance director. Rob Wood has served as group finance director of Breedon since early 2014 and has been instrumental in its success. A search for a new group finance director is now underway. Mr Ward has served as group CEO since the beginning of 2016 and has overseen a period of signif... |
Sabanci to restructure white cement business01 October 2020, Published under Cement NewsTurkey's Sabanci Holding has announced that it will be restructuring its white cement business unit by merging its financial power and the operational capability of its Çimsa subsidiary, according to a statement. As such, it is planning to incorporate a company in the Netherlands, Cimsa Sabanci Cement BV (CSC BV), in which Sabancı will hold 60 per cent of the total equity shares while the remaining 40 per cent will be held by Çimsa. It will then sell the shares of Çimsa's international wh... |
Shree Cement plans new INR10bn plant30 September 2020, Published under Cement NewsIndia’s Shree Cement has received board approval to set up a new clinker plant in Baloda Bazar, Chhattisgarh. The unit could have a capacity up to 12,000tpd and is expected to represent an investment of around INR10bn (US$135.66m). Shree plans to finance the project through internal accruals and debt. It is expected to reach completion by the end of the 3Q22. |
Suez Cement expected to increase stake in Tourah Portland30 September 2020, Published under Cement NewsEgypt’s Suez Cement is expected to submit a tender offer to acquire up to 100 per cent of the issued capital of Tourah Portland Cement for EGP7.18 (US$0.45) per share, according to a disclosure to the Egyptian Exchange (EGX). Suez Cement already owns 66.12 per cent of Tourah. Upon the execution of the offer, the latter is expected to voluntary delist its shares from the EGX. HeidelbergCement is also proposing to launch a tender offer to increase its 55.08 per cent stake in Suez Cement t... |
CimCo to receive loan for Togo project29 September 2020, Published under Cement NewsCimenterie de Côte Ouest-Africaine (CimCo) is expected to receive a XOF20bn (US$35.62m) loan from the West African Development Bank (BOAD) for its project in Lomé, Togo. The long-term facility was approved by the bank’s board of directors last Friday. "The targeted goal is to contribute to the satisfaction of cement demand in Togo and the region by taking advantage of the geographic location of the port of Lomé, as well as to contribute to the country’s economic growth by boosting the comp... |
Elementia commissions Yucatan plant28 September 2020, Published under Cement NewsMexico's Cementos Fortaleza ( Elementia) inaugurated its new grinding plant in Yucatan last Friday, together with the governor of Yucatan, Mauricio Vila Dosal , the mayor of Progreso, Julián Zacarías Curi , and the Secretariat of Economic Development and Work, Ernesto Herrera Novel. The grinding station will have a cement production capacity of 250,000tpa and during the first stage of construction generated about 300 direct and 450 indirect jobs. |