Cement News tagged under: Weekly Newsletter
Kyzylkumcement sees net profit rise 71%17 September 2020, Published under Cement NewsUzbekistan’s Kyzylkumcement saw a net profit of US$20.3m in January-June 2020, rising 70.9 per cent YoY. Revenue also advanced 12.4 per cent to US$97.1m. In the 1H20 the plant increased cement production by three per cent YoY to 1.75Mt, which amounted to 32.2 per cent of the total cement production in the country. Kyzylkumcement is also intending to build its fourth line for the production of clinker by the end of 2020, with the project valued at US$112.63m. The project will be finance... |
TCMA signs an MoU on clinker substitution with government ministries and 16 organisations17 September 2020, Published under Cement NewsThe Thai Cement Manufacturers Association (TCMA) has signed a Memorandum of Understanding (MoU) with several ministries and 16 organisations to reduce carbon dioxide (CO 2 ) emission by at least 300,000t CO 2 by 2022 through clinker substitution. The MoU is for "The Integrating Collaboration on Climate Change Management for Thailand Achieving Target of Greenhouse Gas Emission Reduction-Industrial Processes and Product Use (IPPU) Sector: Substitution of Clinker Substance." Mr Chana Poomee... |
Puerto Rican cement sales up 24% in August15 September 2020, Published under Cement NewsCement sales in Puerto Rico increased 24.4 per cent to 59,295t in August 2020 when compared with August 2019, according to data provided by Cemex Puerto Rico and Argos San Juan Corp to the Instituto de Estadisticas of Puerto Rico. Output fell 14.9 per cent to 38,551t in August when compared with the year-ago period, as compiled by the country’s Banco de Desarrollo Económico. In the year to date, 364,839t of cement was dispatched, down 6.1 per cent YoY. Cement production declined 11.6 per... |
China’s cement production up 4% in July14 September 2020, Published under Cement NewsChinese cement output increased 3.6 per cent in July as a pick-up in the economy drove cement consumption, according to data from the Ministry of Industry and Information technology. China produced 220Mt of cement in July 2020 when compared with July 2019. In the first seven months of 2020, production declined by 3.5 per cent YoY to 1.22bnt. The sector’s total revenues fell 5.5 per cent YoY to CNY510.9bn (US$74.7bn). Its total profits reached CNY92.6bn. |
Cemex commences 'Operation Resilience'11 September 2020, Published under Cement NewsCemex has outlined its 'Operation Resilience' programme, its business strategy from 2020-23 on a risk-adjusted basis. The company announced a need to focus on its core US and European markets as well as in metropolises where market demand is growing. Fernando A González, Cemex's CEO, said the company will look to grow the profitability of the business through cost reductions and optimising the portfolio through divestments while redeploying its assets in new investments in its core busines... |
Cement sales in Brazil increase 14% in August09 September 2020, Published under Cement NewsCement sales in Brazil continued to rise in August with a 13.6 per cent YoY increase to 5.7Mt, reported the country’s cement association, SNIC. Per working day, sales reached 244,400t, representing a YoY increased of 18.5 per cent and 3.7 per cent MoM. The central-western region saw sales up 25.3 per cent YoY to 728,000t while in the northeast and north sales advanced to 1,197,000t (+23.9 per cent) and 268,000t (+22.9 per cent), respectively. In the south sales were up 11.6 per cent to 936... |
National Cement to boost production and build new plant09 September 2020, Published under Cement NewsEthiopia’s National Cement (East African Holdings) is currently conducting a study at its plant in Dire Dawa to boost its 3000tpd capacity by 30 per cent. "We are planning to start implementing this plan and start producing 4000t of cement per day within the coming six months," said Buzuayehu Tadele Bizenu, board chairman of East African Holdings. Last year, the company produced over 1.2Mt of cement with most of the cement products sold in the domestic market. East Africa Holdings i... |
CARRILU inaugurates DRC cement plant09 September 2020, Published under Cement NewsThe Minister of Industry of the Democratic Republic of Congo (DRC), Julien Paluka, has officially opened the Carrière de Lualaba (CARRILU) cement works in Kolwezi, Lualaba province, DRC. The company also includes a stake by the China-based Zijin group. The new works is expected to produce 1500tpd of grey cement to serve the local market. In addition, it will provide employment to at least 1000 employees, according to Journal de Kinshasha. "The production of cement on site in Kolwezi, dem... |
Argentine cement demand declines 13% in August08 September 2020, Published under Cement NewsThe Argentine cement market contracted 12.5 per cent YoY to 917,297t in August 2020, according to the latest data published by AFCP, the country’s cement association. However, when compared with the previous month, an expansion in sales of 6.3 per cent was reported. Domestic cement producers supplied 922,807t of cement, down 12.3 per cent YoY, including 5510t of exports. Exports increased 30.3 per cent YoY from 4230t in August 2019. There were no imports. January-August 2020 In the firs... |
Saudi cement sales rise 38% to 4.3Mt in August 202008 September 2020, Published under Cement NewsThe aggregate sales of 17 Saudi cement producers climbed 38 per cent to 4.3Mt in August 2020, compared to 3.1Mt in the same month last year, reported Yamama Cement Co. As many as 16 cement producers reported higher sales, headed by Al-Jouf Cement Co with a YoY rise of 131 per cent in August. Al-Safwa Cement Co was close behind with an increase of 116 per cent YoY. Northern Region Cement Co's sales dropped by 32 per cent YoY. Seven companies exported 144,000t of cement in August. Saudi C... |