Cement News tagged under: Weekly Newsletter
CimMetal awards Togo grinding contract to Intercem04 February 2020, Published under Cement NewsTogo-based cement producer CimMetal has placed the order for various equipment for its 2.5Mta VRM-based grinding plant at Lomé with Austrian equipment supplier Intercem. The order includes a 1000tph truck unloading station, a 25,000tph additives storage facility, a 1000tph truck loading station, two 50,000t clinker silos, four Rotopackers, 10 truck scales and the corresponding laboratory equipment. The steel construction, entire sheet metal fabrication, subsystems, electrical equipment... |
SCG sees 14% revenue increase from Cambodian operations04 February 2020, Published under Cement NewsThailand's Siam Cement Group has reported a 13.9 per cent YoY increase in sales revenue from its Cambodian operations in 2019, rising to US$451m from US$396m in the previous year. In the final quarter of 2019, sales advanced 17 per cent YoY to US$114m, driven by its cement and construction materials business, according to a press release. "Cambodia's economy continued to achieve robust growth during the fourth quarter of last year. The construction sector remained healthy thanks to publi... |
Raysut Cement plans to acquire 75% stake in LafargeHolcim Maldives03 February 2020, Published under Cement NewsOman’s Raysut Cement Co has reportedly begun discussions to acquire a 75 per cent stake in LafargeHolcim Maldives. The board has approved the move in principle and the company is in talks to acquire the stake from Switzerland-based Cementia AG. |
Dominik von Achten appointed new chairman of HeidelbergCement03 February 2020, Published under Cement NewsDr Dominik von Achten becomes the new chairman of the Managing Board of HeidelbergCement on 1 February 2020. Dr Dominik von Achten, 54, will take over the chairmanship of the Managing Board of HeidelbergCement. He has been Deputy Chairman of the Managing Board since 2015, and succeeds Dr Bernd Scheifele, 61, who will step down from the role of chairman on 31 January 2020 after his third term of office to enter retirement. "With Dr Dominik von Achten, a competent, recognised, and internatio... |
US Portland and blended cement shipments edge up in 11M1931 January 2020, Published under Cement NewsPortland and blended cement Total shipments of Portland and blended cement, including imports, in the USA and Puerto Rico increased 3.2 per cent YoY to 10.1Mt in October 2019, according to the US Geological Survey (USGS). In November 2019 they rose slightly YoY to 7.9Mt when compared with November 2018. The leading cement-consuming states in October were Texas, California, Florida, Ohio and Illinois, which accounted for 38 per cent of the total. In November the leading cement-consuming St... |
Nexe Grupa reportedly looks to acquire Cemex Croatia29 January 2020, Published under Cement NewsCroatia’s Nexe Grupa is reportedly interested in acquiring the local unit of Cemex, which is still for sale following HeidelbergCement’s bid to buy it several years ago, according to Croatian media reports. Representatives from Nexe visited the headquarters of Cemex Croatia to carry out due diligence of the business, according to Slobodna Dalmacija. Cemex Croatia's assets comprise of three cement plants, two aggregate quarries and seven ready-mix plants. In 2015 Cemex signed an agreeme... |
National Cement Co launches new 0.75Mta plant in Kenya29 January 2020, Published under Cement NewsKenya’s National Cement Co (Devki Group) has launched a new 0.75Mta facility in Salgaa, Nakuru County, representing an investment of around KES5.8bn (US$57.5m). The plant will manufacture the company’s Simba Cement product and is expected to generate 700 jobs. Narendra Raval, chairman of Devki Group, has stated that National Cement’s overall production capacity will rise from 2Mta to 3.5Mta by July following ongoing expansion projects, which includes a 0.75Mta brownfield expansion to the... |
Mexican market contracts 10% in 201929 January 2020, Published under Cement NewsCement sales in Mexico declined by around 10 per cent in 2019, according to Standard & Poor’s. The ratings agency attributed the fall to poor performance of the infrastructure market as the Texcoco airport project was cancelled, the partial suspension of commercial and residential building projects in Mexico City and a drop in the construction of new housing as the federal subsidy was reduced. The outlook for 2020 is subdued unless infrastructure investment rises, warns the ratings agen... |
UltraTech Cement sees 80% rise in net profit28 January 2020, Published under Cement NewsIndia's UltraTech Cement (Aditya Birla Group) has posted a 79.8 per cent YoY increase in consolidated net profit to INR7.12bn (US$99.67m) for the 3QFY19-20, while EBITDA rose 25.4 per cent to INR21.41bn. The company has attributed the surge in profit to a higher price realisation and lower energy costs. However, net sales declined 1.2 per cent YoY to INR101.76bn in the December quarter. Cement sales volumes also decreased four per cent YoY to 20.9Mt, impacted by a three per cent fall in do... |
Poland sees cement production rise in 201924 January 2020, Published under Cement NewsPoland’s Association of Cement Producers estimates that the production of cement in 2019 rose by around one per cent YoY to 19Mt. However, imports from Belarus grew by an estimated 250,000t and imports from Turkey increased by about 50,000t. Cement sales for 2020 are expected to remain consistent with 2019. In an interview with the Polish News Bulletin, Xavier Guesnu, president of Lafarge Poland, noted that the housing construction market will drive the 2020 market, even though symptom... |