Cement News tagged under: Weekly Newsletter
Cemtech Europe highlights cement sustainability targets01 October 2019, Published under Cement NewsCemtech Europe 2019 opened today at the InterContinental Hotel in Berlin, Germany. Taking place as global sustainability targets tighten, the conference agenda will closely examine the current market trends and environmental targets of the European cement industry. Cemtech Europe 2019 opened today at the InterContinental Hotel in Berlin, Germany, highlighting the sustainability achievements and targets of the global cement industry Opening the conference, Thomas Armstrong, ma... |
Algerian cement exports surge to US$42m01 October 2019, Published under Cement NewsCement exports from Algeria reached US$42.41m between January-July 2019, more than septupling YoY, according to the Algerian customs service. Exports of hydraulic cement and clinker rose from US$5.03m in the 7M18. Forecasts by the Ministry of Industry and Mines show that the country is aiming to lift its cement exports to US$500m over the next five years. The surplus in cement output is expected to reach between 10-15Mt during this period. In 2020 domestic production capacity is expected... |
CMA commits to waste management01 October 2019, Published under Cement NewsIndia's Cement Manufacturers Association (CMA) has expressed its commitment towards disposal of wastes and plastics and use of alternative fuels and raw materials. Addressing the 'CONSERVE 2019' conference on alternative fuel and raw materials in the cement industry, CMA President, Mahendra Singhi, said: "The Indian cement industry has been able to use almost 75Mt of waste as a replacement of raw materials and fuels." Industry veterans present at the conference said that the cement manufac... |
Lehigh Hanson set to acquire Giant Cement's Keystone plant27 September 2019, Published under Cement NewsHeidelbergCement has announced that its north American subsidiary, Lehigh Hanson Inc, has entered into an agreement to acquire Giant Cement’s (Elementia SAB de CV) Keystone facility in Bath, Pennsylvania. The agreed purchase price for the unit is US$151m cash free and debt free, equivalent to US$137/t of capacity. The plant operates 1.1Mta of cement capacity following a kiln line modernisation in 2009. It supplies the Pennsylvania, New Jersey and New York markets with bulk and bagged Portl... |
Arabian Cement's Rabigh plant to begin operations in 2Q2027 September 2019, Published under Cement NewsConstruction work on Arabian Cement Co’s grinding plant in Rabigh, Saudi Arabia, is now 99.3 per cent complete. Full completion is due in the 1Q20 and commercial operations are scheduled to begin in the second quarter of next year. The company has stated that the contractor’s failure to comply with the schedule had caused project delays, according to a stock market filing. However, the delay in construction work has not affected the costs associated with the project and is not expected to... |
Votorantim Cimentos reports positive 2Q net results26 September 2019, Published under Cement NewsVotorantim Cimentos saw its consolidated net revenues from goods sold and services rendered increase 3.7 per cent to BRL5.822bn (US$ 1.403bn) in the first half of 2019 when compared with the 1H18 when net sales reached BRL5.612bn, according to a company statement. However, as cost of goods sold and services rendered was up 5.8 per cent from BRL4.724bn in the 1H18 to BRL4.997bn in January-June 2019, gross profits were down 7.1 per cent from BRL888.1m in the 1H18 to BRL825.3m in the January... |
Spain's cement demand slips, exports drop 25% in August24 September 2019, Published under Cement NewsCement demand in Spain declined 1.4 per cent YoY to 1,089,617t in August, according to Oficemen, the country’s cement association. In addition to lower domestic sales, exports have dropped by a quarter, registering a fall for 27 consecutive months. In the first eight months of 2019 cement consumption increased 9.3 per cent YoY to 9,749,344t with exports decreasing 23.4 per cent. “An even more striking figure, if we take into account that imports have grown 87.3 per cent from January to Aug... |
Holcim Philippines inaugurates new facilities at Bulacan unit24 September 2019, Published under Cement NewsHolcim Philippines has inaugurated new storage and loading facilities at its plant in Norzagaray, Bulacan, which it hopes will help boost production. The additions include a new warehouse with six loading bays and new packing and loading machines. "This is the third site we are holding inauguration activities at this year as our company continues investments to strengthen our ability to support our customers nationwide," said John Stull, CEO, Holcim Philippines. "This is part of our greate... |
EAPCC dismisses all top managers24 September 2019, Published under Cement NewsEast African Portland Cement Co (EAPCC) has dismissed all of its top managers as part of a restructuring plan that will see the cement producer sell 2000 acres of prime but unused land in Mavoko, Machakos, Kenya, to boost its finances. A total of 136 supervisors and managers were issued with dismissal notices last week although it is expected to rehire some of them on 40 per cent of their previous pay. “We will give the affected workers first priority to re-apply for their positions under ... |
West China Cement to set up cement joint venture23 September 2019, Published under Cement NewsWest China Cement subsidiary West International, CIF-MOZ, Oceanic Star and Guhava have entered into a cooperation agreement to establish a joint venture for joint investment and construction of a cement production line in Mozambique. West International, CIF-MOZ, Oceanic Star and Guhava will contribute MZN60m, MZN21m, MZN14m and MZN5m, respectively, to the registered capital of the joint venture and will hold 60, 21, 14 and five per cent, respectively of JV equity interests, respectively. ... |