Cement News tagged under: Weekly Newsletter
Russia's cement market cools but exports strong19 September 2019, Published under Cement NewsCement production in Russia increased by 8.9 per cent YoY to 33Mt in the first seven months of 2019, according to Soyuzcement, the country’s cement association. The demand for cement in Russia in the January-July 2019 period was at the highest level for several years, added the association. However, since July demand has significantly fallen, despite the domestic construction sector experiencing its high season. Soyuzcement analysts anticipate consumption to continue its downward trend in ... |
Finnsementii to upgrade Raahe slag grinding capacity19 September 2019, Published under Cement NewsFinnsementii has announced that it is investing EUR12m in a new blastfurnace slag mill at its Raahe plant in Finland. The plant, which will be built on the Lapaluoto industrial site, will double Raahe's existing milling capacity. "Thanks to the investment and the resulting capacity, we will be able to ensure the availability of slag and more environmentally friendly cement in Finland," says Finnsement CEO, Miikka Riionheimo. A significant part of the total investment will be directed to th... |
Cement consumption in Peru expands 6% in August18 September 2019, Published under Cement NewsDemand for cement in Peru has increased 6.3 per cent YoY to 1.052Mt in August 2019 when compared with 0.989Mt in the year-ago period, according to the country’s cement association, Asocem. Domestic dispatches advanced 6.4 per cent to 1.043Mt in August, up from 0.981Mt in August 2018 and 0.982Mt in July 2019. Output from Peru’s cement plants was up 7.5 per cent to 0.965Mt in August from 0.897Mt in the previous-year’s period. In terms of external trade, the country imported 48,300t of cem... |
DG Khan Cement profit falls in FY1917 September 2019, Published under Cement NewsDG Khan Cement Company Ltd (DGKC) of Pakistan has announced its financial results for FY19 on 16 September. It declared earning of net profit of PKR1.609bn (US$10.3m) (unconsolidated) as compared to PKR8.837bn earned in the same period last year. It shows profit hugely dropped by 81.8 per cent. The fall in profit is reportedly due to increase in the cost of sale to PKR35.15bn from PKR21.92bn and finance cost from PKR574m to PKR3.6bn during this period despite increase in sale. The company s... |
Fancesa's new plant 85% complete17 September 2019, Published under Cement NewsThe construction of the new cement plant of Fábrica Nacional de Cemento Sucre SA (Fancesa) in Cal Orck'o, Bolivia, is 85 per cent complete, according to the company’s President, Armin Cortez. "The new production line of the Fábrica Nacional de Cemento Sucre SA, to date is at 85 per cent of physical execution and 81 per cent of financial execution, and it was possible to meet the goals planned within the contract, there are problems in some areas, but they will not affect the normal fulfilme... |
GCC signs agreement for clean energy supply13 September 2019, Published under Cement NewsMexico’s Grupo Cementos Chihuahua (GCC) has signed an agreement with a US-based clean energy provider for the supply of solar and wind energy to its cement plant in Odessa, Texas, to fulfil 100 per cent of the facility’s electricity requirement. The company did not release the name of the energy supplier but noted that energy supply is expected to begin in July 2022. The plans will mean an approximately 45,000tpa reduction in CO 2 . The 10-year fixed price agreement also represents a 22 p... |
RAK Cement cancels cement plant acquisition plans11 September 2019, Published under Cement NewsUAE-based Ras Al Khaimah Cement has reportedly cancelled a deal to acquire a cement plant and quarry as financing could not be arranged, according to Reuters. While the name of the plant and quarry were not released in the statement, the company had previously planned to acquire the Newtech cement plant and Al Banna quarry in Fujairah. However, the deal, valued at AED450m (US$122.5m), was pushed back to the 2Q19 due to incomplete financing procedures. |
Brazil's cement market expands 3% in August10 September 2019, Published under Cement NewsApparent cement consumption in Brazil edged up 2.9 per cent YoY to 5.1Mt in August 2019, according to the country’s cement association, SNIC. Domestic cement sales increased three per cent to 5.1Mt in August 2019 when compared with August 2018. When considering the number of business days, daily sales were up 5.1 per cent YoY and 4.1 per cent MoM. In terms of regions, the southeast led growth with deliveries up 7.1 per cent YoY, followed by the southern region, which saw sales increase b... |
Colombian cement market expands 12% in July10 September 2019, Published under Cement NewsColombia’s cement consumption increased 12.4 per cent YoY in July 2019 to 1.113Mt, reports the country’s statistics office, DANE. Domestic cement production increased 9.5 per cent YoY in July 2019 to 1.118Mt. Building companies and contractors increased their offtake by 15.8 per cent YoY while sales in the retail sector rose by 12.4 per cent. Sales to ready-mix concrete companies increased by 9.5 per cent. Sales in the key market of Antioquia were up 15.2 per cent YoY in July while in Val... |
UltraTech MD to step down in December10 September 2019, Published under Cement NewsKrishna Kishore Maheshwari will be appointed as UltraTech's first non-executive vice chairman as he retires from his managing director role on 31 December this year. Kailash Chandra Jhanwar, currently deputy managing director and chief manufacturing officer, will succeed Mr Maheshwari as MD after this date. Before serving three years as MD at UltraTech, Mr Maheshwari was the managing director at Grasim. He is also a director for Aditya Birla Management Corp, a corporate body which provide... |