Cement News tagged under: Weekly Newsletter
GCC sees 8% rise in consolidated net sales23 October 2019, Published under Cement NewsMexico's Grupo Cementos de Chihuahua (GCC) has recorded an 8.3 per cent YoY rise in consolidated net sales to US$301.7m for the third quarter of 2019, on the back of improved cement volumes and prices in Mexico and the USA. EBITDA advanced 15.2 per cent to US$96.4m from US$83.7m in the 3Q18, while the EBITDA margin remained largely unchanged at 31.9 per cent from 30 per cent. Regionally, net sales rose 5.5 per cent and 9.1 per cent in Mexico and the US, respectively. "GCC delivered stro... |
Poland on track to break production records in 201923 October 2019, Published under Cement NewsIn 2018 cement production in Poland broke records to reach 18.94Mt, according to data from the Central Statistical Office (CSO). Furthermore, production is up by 0.4 per cent YoY to nearly 12.3Mt in the 8M19. Looking towards 2020, Andrzej Reclik, president of Górażdże Cement, has forecast stabilisation at the current level and for final results to be close to the current year, according to an interview with WNP. Mr Reclik noted that it is difficult to increase dynamics when the market is al... |
UltraTech boosts capacity and reports 3Q results22 October 2019, Published under Cement NewsUltraTech completed the acquisition of Century's cement business, with the Scheme of Demerger effective from 1 October 2019. With this acquisition, UltraTech's cement manufacturing capacity stands augmented to 117.4Mta, including its overseas capacity. This makes UltraTech the third-largest cement company in the world, outside of China. It is also the only company in the world to have a capacity of over 100Mta in a single country, outside of China. The quarter ended 30 September 2019 witn... |
Indonesian market stable, export sales see hike in September22 October 2019, Published under Cement NewsCement consumption in Indonesia remained largely stable at 6,728,921t in September 2019 when compared with September 2018, according to the latest data by the country’s cement association, ASI. Demand in the key market of Java remained level at 3,841,656t with higher sales on West Java (1,141,159t, up 9.6 per cent) and Yogyjakarta (119,297t, up nine per cent) offset falling deliveries in Jakarta, Banta and Central Java. On Sulawesi sales were up 2.3 per cent YoY to 575,209t and in east Ind... |
China Gezhouba Group Cement's Shieli plant put into operation21 October 2019, Published under Cement NewsChina Gezhouba Group Cement Co Ltd’s (CGGCC) plant in Shieli, Kazakhstan, was officially put into operation on 18 October. The 2500tpd China-Kazakh project began construction in April 2017, with a total investment of US$178m. "The Kazakh government at all levels has strongly supported the construction and operation of the plant," said Li Ming, chairman of CGGCC. The facility produces nine types of cement and is the first in Kyzylorda region. "With the alignment of the Belt and Road ... |
Holcim Mexico to build new plant in Yucatan18 October 2019, Published under Cement NewsHolcim Mexico has announced that it will construct a new facility in Umán, Yucatan, representing an investment of around US$40m. The grinding plant will have a 0.65Mta capacity and is part of the company’s efforts to expand in the southeast of the country, according to a company press release. "Expanding our operations in the Yucatan Peninsula demonstrates our long-term commitment to the region and the country. The area presents great growth opportunities in a strategic market for Holcim M... |
Divestment talk of LafargeHolcim's Australian and New Zealand divisions resurface18 October 2019, Published under Cement NewsLafargeHolcim is reported to be considering exiting Australia and New Zealand, according to The Australian. The AUS$2-3bn (US$1.37-1bn) division has been identified as a means for the group to potentially drive down its debt levels. LafargeHolcim was created through a US$50bn merger of Lafarge and Holcim in 2014 and considered an exit from Australia and New Zealand the following year to cut debt. Lafarge sold its Australian gypsum operations in 2011 for EUR120m to Knauf, but Holcim has rem... |
Thai Boon Roong Cement set to inaugurate new 3500tpd plant17 October 2019, Published under Cement NewsCambodia’s Thai Boon Roong Cement Co Ltd is expected to inaugurate its new 3500tpd facility in Dang Tong district, Kampot, next month. As Kampot’s fourth cement plant, the province’s production capacity will rise to 17,000tpd and bring the country’s total domestic capacity to 8Mta, according to the Phnom Penh Post. "This yield will contribute to reducing imports from abroad and creating jobs for the local people," said Cheav Tay, provincial governor. Chip Mong Insee Cement Corp’s Public... |
US-Puerto Rican cement shipments up 8% in July17 October 2019, Published under Cement NewsTotal shipments of Portland and blended cement, including imports, in the USA and Puerto Rico advanced 7.7 per cent YoY to 10Mt in July, according to the US Geological Survey (USGS). The leading cement-consuming states were Texas, California, Florida, Ohio and Illinois, which accounted for 38 per cent of July deliveries. The leading producing states were Texas, California, Missouri, Florida and Michigan, which combined to account for 39 per cent of US cement output. Masonry cement shipme... |
Loma Negra to hire 120 workers for L'Amali II17 October 2019, Published under Cement NewsArgentine cement producer Loma Negra announced it will hire 120 workers for the new line at its US$350m L'Amalí II plant in Bonaerense de Olavarría, Argentina. Of the 120 new positions, 80 will be operators and the rest managers and analysts, according to a company statement. The selection of staff will be carried out both internally and externally and the company will be in charge of carrying out the search. Loma Negra highlighted that the external search will focus on Olavarría and sur... |