Cement News tagged under: Weekly Newsletter
ACC shows 45% increase in profit for the 3Q1916 October 2019, Published under Cement NewsIndia’s ACC (LafargeHolcim) saw its consolidated net profit rise 44.7 per cent YoY to INR3.03bn (US$42.25m) in the 3Q19, on the back of a three per cent climb in net sales to INR34.64bn. Operating EBITDA was up 26 per cent YoY to INR5.57bn from INR4.44bn. However, consolidated cement sales volumes fell two per cent to 6.44Mt from 6.54Mt in the 3Q18. In the 9M19 net profit increased 40 per cent YoY to INR11.04bn, compared with INR7.88bn in the year-ago period. Net sales advanced six per cen... |
Blackstone enters race for Emami Cement16 October 2019, Published under Cement NewsBlackstone Group Inc (KKR & Co) are reported to be contemplating a bid for Indian conglomerate Emami Group and Emami Cement Ltd. Bloomberg reports that TPG Capital is also considering a bid for Emami Cement Ltd and may seek a partner for the project. Emami Group has picked Arpwood Capital Ltd and Credit Suisse Group AG to supervise the sale of the cement unit, seeking a valuation of about US$1bn. The company operates three cement manufacturing plants in India and is setting up another one... |
GCCA launches 'Innovandi - the GCC Research Network'11 October 2019, Published under Cement NewsThe Global Cement and Concrete Association (GCCA) has today announced the formation of Innovandi - the Global Cement and Concrete Research Network (GCCRN). The network ties together the cement and concrete industry with scientific institutions to drive and support global innovation with actionable research, building on the industry's long-held commitment to ensuring a sustainable future. These comittments include, achieving an 18.3 per cent reduction in CO 2 per tonne of cementitious prod... |
Brazilian cement market expands 5% in September10 October 2019, Published under Cement NewsCement sales in Brazil increased 5.3 per cent to 4.7Mt in September 2019 when compared with the same month in the previous year, according to SNIC, the country’s cement association. Apparent consumption, which includes imports, totalled 4.8Mt in September, representing a YoY advance of 5.2 per cent. Domestic sales per business day in September, which takes into account the number of days worked and has a strong influence on cement consumption, increased by 2.7 per cent compared to August a... |
Lehigh Hanson to break ground on US$600m Mitchell project09 October 2019, Published under Cement NewsUS-based Lehigh Hanson Inc is set to break ground this week on its US$600m expansion and modernisation project at its plant in Mitchell, Indiana. The plans were first announced in July last year and are expected to take four years, according to Inside Indiana Business. It will be the company’s largest expansion and modernisation project in north America and is expected to create 50 jobs. |
Jidong Cement to acquire 49% stake in Beijing BBMG Mangrove09 October 2019, Published under Cement NewsChina’s BBMG Corp is set to sell its entire 49 per cent stake in Beijing BBMG Mangrove to Jidong Cement for CNY1.72bn (US$241m). Jidong Cement is expected to fund the acquisition of the waste management company in an all-cash deal, according to a statement by BBMG. The proceeds from the divestment will be used to meet BBMG’s working capital requirements. |
Argentine cement market declines 7% in September08 October 2019, Published under Cement NewsArgentina’s cement consumption fell 7.2 per cent YoY and 10.4 per cent MoM to 938,972t in September 2019, according to the country’s cement association, AFCP. Domestic demand was entirely supplied by the country’s cement producers. Cement output by Argentina’s cement producers declined 6.7 per cent YoY to 948,206t in September 2019. Of this total, 938,972t was supplied to the domestic market and 9234t was exported. January-September 2019 Between January and September 2019, the Argentin... |
Raysut Cement set to begin construction of new plant in Georgia08 October 2019, Published under Cement NewsUAE-based Pioneer Cement (Raysut Cement Co) is currently finalising arrangements for its greenfield 1.2Mta project to be located near Tbilisi, Georgia. Pioneer Cement owns concessions to limestone mines in Georgia that will provide the key raw materials for the project. The new unit is an opportunity to diversify from the Middle East into a market with large infrastructure growth and a shortage of clinker and high-quality cement, said the company in a statement. "We have embarked on an... |
Vietnam cement sales edge down 4% in August02 October 2019, Published under Cement NewsTotal cement sales by Vietnamese producers slipped four per cent to 8.091Mt in August 2019 when compared with the year-ago period, according to data by the Vietnam National Cement Association (VNCA). Compared with the previous month’s sales of 8.087Mt, they remained largely stable. Of this total, domestic sales totalled 5.175Mt, down five per cent YoY. VICEM saw sales decline by seven per cent to 1.628Mt while its joint-venture companies reported an erosion of 14 per cent to 1.397Mt. The... |
Illinois Cement prepares to expand quarry operations02 October 2019, Published under Cement NewsIllinois Cement (Eagle Materials Inc) will soon start work on a new road to bypass an area a quarter of a mile west of its current quarry location on East Third Road in La Salle, USA, where it intends to start blasting a new quarry. After five public meetings in a month at the end of last year, Illinois Cement was granted its requests by the city of La Salle for annexation, special use permits, zoning and road plans to mine new land in Dimmick Township. Illinois Cement's existing quarry lie... |