Cement News tagged under: Weekly Newsletter
Xinjiang Tianshan set to acquire six CNBM subsidiaries28 July 2020, Published under Cement NewsXinjiang Tianshan Cement Co Ltd is in talks with China National Building Material Co Ltd (CNBM), about the acquisition of six of CNBM's cement-making subsidiaries, according to a filing to the Shenzhen Stock Exchange. To complete the deal, Tianshan suspended trading of its shares on the Shenzhen Stock Exchange Monday for a period of no more than 10 days. CNBM with a cement capacity of more than 500Mta has been the largest indirect shareholder of Xinjiang Tianshan Cement Co since 2018, when... |
US cement shipments down 8% in April27 July 2020, Published under Cement NewsShipments of Portland and blended cement in the US and Puerto Rico fell 7.5 per cent YoY to 8.1Mt in April 2020, according to the US Geological Survey (USGS). The leading cement-consuming states were Texas, California, Florida, Georgia and Ohio, which accounted for a combined market share of 42 per cent. The top five producing states were Texas, Missouri, California, Florida and Alabama Masonry cement shipments declined 11 per cent YoY to 195,000t in April 2020. Florida, Texas, North Caro... |
Ciments de Bizerte sees 1H turnover up 2%27 July 2020, Published under Cement NewsTunisian cement producer Ciments de Bizerte has seen its total turnover expand 1.6 per cent YoY to TND42.781m (US$15.6m) in the first half of 2020. Domestic turnover edged up 0.2 per cent YoY to TND40.112m while export turnover improved 26.8 per cent YoY to TND2.669m. In addition, clinker production increased 17.2 per cent to 282,440t in the 1H20 despite the total suspension of production for 45 days following the general COVID-19 lockdown. However, cement production fell by 4.7 per cent.... |
Sharp rise in Indonesian cement demand in June23 July 2020, Published under Cement NewsCement consumption in Indonesia rose by 29.2 per cent YoY to 4.86Mt in June 2020, according to Widodo Santoso, chairman of the Indonesian Cement Association (ASI). "This is because last year there were the effects of Ramadan and Eid, so consumption was limited," he said. The easing of large-scale social restrictions (PSBB) in a number of regions and the relaxation of credit disbursement by multifinance companies led to an increase in people's purchasing power. However, the rise in June... |
Holcim Philippines expected to remain within group23 July 2020, Published under Cement NewsFollowing the lapse of sale agreement with San Miguel Corp earlier this year, Holcim Philippines is now expected to remain within LafargeHolcim, according to the company's CEO, John Stull, in an annual meeting on Wednesday. "We are very pleased to know that we are no longer in the sales process and we're very excited about the future working with one of the largest and most successful companies in the building material sector and we're happy to remain part of the group," said Mr Stull. Th... |
Moroccan cement deliveries up 33% in June23 July 2020, Published under Cement NewsCement sales in Morocco increased 33 per cent MoM in June, according to the Department of Studies and Financial Forecasts of the country’s Ministry of Economy, Finance and Administrative Reform. When compared with June 2019, deliveries are up 2.5 per cent. The rebound follows the gradual easing of COVID-19-related lockdown from 11 June 2020. In terms of construction market segments, infrastructure saw the largest recovery with deliveries increasing 68.7 per cent MoM, followed by ready-mix c... |
Summit Materials announces 2Q results and new CEO22 July 2020, Published under Cement NewsUS-based Summit Materials saw a 24.5 per cent rise in operating income for the second quarter of 2020 to US$100.1m from US$80.4m in the year-ago period. Adjusted EBITDA also advanced 14.1 per cent YoY to US$160.2m from US$140.5m. Cement sales volumes declined 6.3 per cent YoY in the 2Q20, while prices were up 1.2 per cent. "Despite economic uncertainty, Summit experienced resilient demand and favourable weather conditions, particularly in Utah and Kansas, which led to record 2Q net reven... |
Twiga sees 33% rise in net profit for 1H2022 July 2020, Published under Cement NewsTanzania Portland Cement (Twiga) has reported a 33 per cent YoY increase in net profit to TZS34.94bn (US$15.05m) in the first half of 2020, against TZS26.19bn in the 1H19. "Despite strong competition in the cement manufacturing industry and uncertainties brought about by COVID-19, [we] delivered a strong operational result compared to [last year]," said Hakan Gurdal, chairman. The company also saw a 13 per cent rise in revenue to TZS181.45bn. "[We are] well positioned to meet this growin... |
Spain's cement demand falls 17% in 1H1921 July 2020, Published under Cement NewsCement consumption in Spain declined 16.5 per cent to 6.1Mt in the first half of 2020 when compared with the 1H19, according to Oficemen, the country’s cement association. The association attributes the fall to the halt in construction works due to the coronavirus pandemic. "In June, many of the works paralysed during the confinement, for example, real estate developments, were resumed, but the monthly positive data should not make us think of a recovery in the sector," explains Oficemen p... |
Eagle Cement Corp aims to complete Bulacan expansion in 202016 July 2020, Published under Cement NewsPhilippine-based Eagle Cement Corp is now looking to complete its 2Mta Bulacan plant expansion before the year ends, following delays related to the COVID-19 pandemic. "This plant was supposed to have been turned over and commissioned this second quarter of this year. But because of the pandemic, management is committing to deliver this plant by end quarter of this year," said John Paul Ang, Eagle Cement president and CEO. The company’s CFO, Monica Ang, also noted that the company has r... |