Cement News tagged under: Weekly Newsletter
Dangote Cameroon sees 6% sales drop in 9M1922 November 2019, Published under Cement NewsIn the first nine months of 2019, Dangote Cameroon reported a decrease in its domestic performance with sales down six per cent. "Our 1.5Mta clinker mill in Douala sold about 866,000t of cement in the first nine months of 2019, down six per cent from 920,000t sold in the same period in 2018. We estimate that our market share was 40 per cent during the period," said the group. The decline in performance has been attributed by the company due to persistent security problems in the northwes... |
Cemex reportedly looks to sell stake in Louisville plant22 November 2019, Published under Cement NewsCemex is reportedly looking for a buyer for its controlling interest in the Kosmos cement plant in Louisville, Kentucky, USA. The company is working with Bank of America Corp and Citigroup Inc on the sale of its 75 per cent stake, said the unnamed sources for El Financiero. The remaining stake in the company is owned by Buzzi Unicem. The sources also noted that no definitive decisions have been made and the deliberations may not lead to a transaction. |
Spain's cement demand edged up 3% in October21 November 2019, Published under Cement NewsCement consumption in Spain increased by three per cent to 1.3Mt in October when compared with October 2018. The rise has been attributed to an increase in housing construction. In the first 10 months of the year demand increased by eight per cent. However, the Spanish cement association, Oficemen, said that this represents a smaller advance than the 11.5 per cent noted in the first half of the year. Exports in the 10M19 have fallen 16.8 per cent YoY to 603,190t, or the equivalent of “alm... |
PPC's group revenue impacted by Zimbabwe21 November 2019, Published under Cement NewsPPC announced a group revenue of ZAR4.9bn (US$330.1m) and group EBITDA of ZAR868m for the six months ended 30 September 2019. Group revenue was down 12 per cent on results from the six-month period at ZAR5.6bn, which was attributed to a 17 per cent volume decline in group cement volumes. Group EBITDA was also affected by Zimbabwe's currency devaluation and hyperinflation as well as the trading environment in South Africa, plus a one-off restructuring costs of ZAR83m. When excluding PPC Zimb... |
Indonesian cement market expands 2% in October19 November 2019, Published under Cement NewsIndonesia saw cement demand advance by 1.9 per cent YoY to 7,326,461t in October 2019 from 7,187,897t in October 2018, as reported by Semen Indonesia. Market expansion was largest in Sulawesi where volumes were up by 18.5 per cent to 661,453t YoY while Nusa Tenggara reported a 13.2 per cent increase in sales to 444,057t in October 2019. A smaller gain was noted in East Indonesia, the country’s smallest market, where sales rose by 6.2 per cent YoY to 177,649t. The key province of Java saw d... |
HeidelbergCement outlines plans to raise Indian capacity19 November 2019, Published under Cement NewsHeidelbergCement is expecting to take both organic and inorganic routes to increase capacity to 20Mta from 12Mta in India, according to The Hindu. "We are looking for cement companies with a capacity ranging from 5-10Mta," said J N Cooper, managing director of HeidelbergCement’s Indian operations. “We are in talks with cement firms that do not want to get into the National Company Law Tribunal. But we are unable to give more details.” Regarding pending projects, he said the company is awai... |
Premier Cement's two new plants ready for trial operation18 November 2019, Published under Cement NewsBangladesh-based Premier Cement is on track to complete its expansion plans by March 2020. The project was first announced in 2017 on the back of a forecast surge in demand for 2021. "We have constructed two more units in Narayanganj and Chattogram involving BDT13bn (US$153.5m)," said Mohammed Amirul Haque, managing director, to The Daily Star. The unit in Narayanganj represents an investment of INR8bn and the Chattogram facility claims the remainder. Both of the projects are currently rea... |
CRH reportedly looks to sell Philippine operations14 November 2019, Published under Cement NewsCRH is reportedly considering a sale of its Philippine cement business as the company seeks to raise cash by selling non-core assets, according to the Irish Independent. JP Morgan Chase is said to be assisting with finding a buyer for the operations, which could be valued between US$2-3bn. The company is currently receiving bid interest from Asia and Europe. However, the plans are still at a preliminary stage and no final decision has been made. CRH acquired Philippines-based Republic Cem... |
Renewed interest in CIMAIKO14 November 2019, Published under Cement NewsA Chinese company is reported to be interested in relaunching the CIMAIKO cement plant near Kisangani, in the Democratic Republic of Congo. A delegation consisting of Justine Mbombo, advisor to the Ministry of Industry, and the production manager of Yang Engow Engineering of China is prospecting the local area for limestone suitable for cement production. Yang Engow Engineering intends to start the installation of the plant as soon as possible, with January 2020 as a tentative date, acco... |
Adelaide Brighton uses 1Mt of RDF at Birkenhead plant13 November 2019, Published under Cement NewsAdelaide Brighton has now used 1Mt of refuse-derived fuel (RDF) at its Birkenhead facility, South Australia, diverting 2Mt of waste from landfill sites. The Premier of South Australia, Steven Marshall, and Environmental Minister, David Speirs, visited the company last week to recognise the milestone. "Through the use of this alternative fuel, Adelaide Brighton's Birkenhead plant has achieved gains in efficiency and reduced consumption of natural gas by 25 per cent," said Nick Miller, CEO... |