Cement News tagged under: Weekly Newsletter
EcoCementos commissions new 1.5Mta Colombian cement plant01 November 2019, Published under Cement NewsEmpresa Colombiana de Cementos (EcoCementos) is today launching a greenfield cement plant capable of producing up to 1.5Mta of cement in the Magdalena Valley in Sonsón municipality in Antioquia, Colombia. EcoCementos' new Sonsón plant is officially operational EcoCementos is a joint venture between the Colombian building materials group Corona and the Spanish cement producer Cementos Molins. Both companies started working together in September 2015, with the contract signed one ... |
Dangote Cement Group's unaudited 9M19 results see volumes rise 1.1%31 October 2019, Published under Cement NewsDangote Cement Group's unaudited results for the 9M19 to 30 September 2019 saw group volumes up 1.1 per cent to 18Mt and Nigerian sales up 0.6 per cent to 10.8Mt, driven by strong 3Q19 promotional activity. Pan-African cement volumes rose by 1.7 per cent to 7.1Mt for the 9M19. However, group revenue fell by 0.8 per cent to NGN679bn (US$1.88bn) and group EBITDA slipped by 10.1 per cent to NGN303.2bn. Joe Makoju, Group Chief Executive Officer said: "The huge success of our Bag of Good... |
MoU signing for 0.5Mta Cimenterie Industrielle de Kribi plant31 October 2019, Published under Cement NewsOscar Minko, managing director of Cimenterie Industrielle de Kribi (Cmikri) Sarl, and the Chinese consortium China National Building Material Co Ltd (Sinoma/Afcham) have signed a memorandum of understanding (MoU) in Yaoundé, for the construction of a cement plant in the Kribi industrial port complex. Once completed, the average yearly distribution capacity of this plant will be 0.5Mta, expandable to 1.5Mta. The project requires the installation of an 18,000t silo for clinker and a 4000t sil... |
BUA Group consolidates cement subsidiaries31 October 2019, Published under Cement NewsBUA Group, has announced the consolidation of its subsidiaries Cement Company of Northern Nigeria Plc (CCNN) and Obu Cement Company Plc. The move is part of its bid to deepen the Nigerian capital market and enhance the growth of the cement industry, said BUA Group. Commenting on the development, the Founder & Executive Chairman of BUA Group, Abdul Samad Rabiu, said this consolidation would mark the culmination of the first phase of the BUA mid-term strategic plan for its cement businesses,... |
PPC opens material handling facility30 October 2019, Published under Cement NewsPPC Ltd has opened its Port Elizabeth material handling facility in South Africa. The facility is located in Deal Party and is able to handle approximately 400tph of clinker. The new facility also has packaging equipment for cement and has a staff of 44 people. The ZAR60m (US$40.1m) facility was commissioned in August and was officially launched this week. One of PPC's 0.2Mta kiln lines at its Port Elizabeth cement plant was decommissioned in June 2019, because of stricter environmental reg... |
Venezuelan cement output below 50% of market requirement30 October 2019, Published under Cement NewsThe production of cement in Venezuela is less than half of the country’s demand of 18Mt, according to El Impulso. Output is currently down from 9Mt to 4Mta, due to issues with electrical power supply, equipment and inputs, said Orlando Chirinos, president of the Federation of Cement Workers (Fetracemento) and secretary general of the cement workers syndicate of Lara state. In terms of equipment, cement producers face challenges in obtaining refractory bricks, metallic grinding media and sl... |
Carthage Cement reports 7% rise in 9M revenues29 October 2019, Published under Cement NewsTunisia-based Carthage Cement saw total turnover increase by seven per cent YoY to TND183m (US$64.6m) in the 9M19 from TND171m in the 9M18, according to African Manager. Turnover in the domestic market advanced 42 per cent YoY, improving the company’s market share to 23 per cent from 17 per cent in the previous-year’s nine-month period. The cement company increased its clinker and cement production by 11 and 22 per cent, respectively, when compared with the 9M18. However, aggregates output... |
Cemex reports 4% decline in net sales for 3Q1925 October 2019, Published under Cement NewsCemex has reported consolidated net sales of US$3.5bn in the 3Q19, representing a decrease of four per cent YoY, or one per cent on a like-for-like (LfL) basis for the ongoing operations and adjusting for foreign-exchange fluctuations. Higher prices for its products, in local currency terms, in all regions were more than offset by the lower volumes seen in Mexico and the Asia, Middle East and Africa region. Operating EBITDA over the same period fell by nine per cent to US$681m. Consolidated ... |
LafargeHolcim reports positive 9M19 results25 October 2019, Published under Cement NewsLafargeHolcim has reported net sales of CHF20.2bn (US$20.36bn) in the 9M19, representing a 2.1 per cent fall YoY, or a four per cent increase on a like-for-like (LfL) basis. Recurring EBITDA (pre-IFRS16) rose to CHF4.543bn from CHF4.351bn in the year-ago period. Cement sales reached 156.4Mt in the first nine months of 2019, a modest climb of 0.7 per cent on a LfL basis. Net sales for the segment finished at CHF13.294bn from CHF13.573bn in the 9M18, while recurring EBITDA (pre-IFRS16) advan... |
PCA forecasts moderate cement consumption and GDP growth to 202123 October 2019, Published under Cement NewsThe US Portland Cement Association (PCA) has published its annual Fall Forecast in which it predicts moderate growth for cement demand through 2019 and into 2020. PCA Market Intelligence expects cement consumption will expand by 2.4 per cent in 2019, followed by a 1.7 and 1.4 per cent in 2020 and 2021, respectively. "Public construction continues to receive the benefit of the 2018 federal budget that allowed for $20 billion in spending on roads, bridges, water, and rail projects over 2018 a... |