Cement News tagged under: Weekly Newsletter
Construction starts on new 1.5Mta Uzbek plant25 July 2019, Published under Cement NewsConstruction of a new cement plant in Yanguikurgan district in Namangan region of Uzbekistan has been started. The works has a capacity of 1.5Mta and is built on a 40ha plot. Total cost of the investment is US$105m, of which Chinese investors contribute US$90m. The facility is scheduled to be completed by the end of 2020 and will provide 700 new jobs. |
HeidelbergCement looks back at 2018 sustainability achievements24 July 2019, Published under Cement NewsHeidelbergCement has published its 2018 sustainability report in which it lays out its plans to produce CO2-neutral concrete by 2050 and its achievements in the area of sustainable cement and concrete production in 2018. CO 2 emissions In terms of energy and climate protection, the group has reduced its specific net CO 2 emissions in cement production by 1.4 per cent from 607.6kg CO 2 /t of cement to 599.2kg. It aims to reduce its CO 2 emissions by 30 per cent by 2030, when compared w... |
Holcim Argentina to replace 35% of energy with wind power24 July 2019, Published under Cement NewsHolcim Argentina has signed a contract with YPF Luz to replace 35 per cent of its conventionally-sourced energy with wind power. This translates to 142,000Mwh per annum of demand, which YPF Luz will supply from its 30MW Los Teros wind farm. The wind farm is currently being constructed in Azul, Buenos Aires, and will begin delivering power to the Argentine Interconnected System in February 2020. "It is a pleasure to present this agreement. It is a sign of Holcim’s commitment to sustainabilit... |
Sigus Cement to start national distribution23 July 2019, Published under Cement NewsSigus Cement’s plant in d’OUm El Bouaghi, Algeria, has launched its grey cement onto the national market, according to its Managing Director, Fawzi Bachiri. The cement company started production at the 2.2Mta works in the first quarter of 2019, following a DZD51bn (US$426.8m) investment and 31 months to project completion. The new supply of cement will accelerate the completion of construction projects as well as provide jobs for 450 permanent and 2000 temporary workers. |
National Cement's acquisition of ARM blocked22 July 2019, Published under Cement NewsThe acquisition of ARM Cement for US$50m by National Cement has hit a legal block. ARM's former CEO and leading shareholder, Pradeep Paunrana, has challenged the sale in the High Court, saying that ARM Cement has been undervalued and that his consortium had offered a bid of US$65m for ARM Cement. The administrator of the sale, PricewaterhouseCoopers (PwC), claims that the US$65m bid was turned down becasue it was not accompanied by proof of funds among other reasons. Instead, PwC approved t... |
Algeria exports US$30m of cement in 5M1922 July 2019, Published under Cement NewsAlgeria has exported cement to the value of US$29.96m in the first five months of 2019, an increase of 849.6 per cent YOY, according to the Directorate of Studies and Customs Prospectives, reflect the drive by the sector as well as the ambition of the country’s government to increase its cement exports to US$500m over the next five years. The country aims to export 2Mt of cement and clinker in 2021. It currently has a capacity of 25Mta and domestic demand was around 26Mt in 2016. In 2020 t... |
Cementos Pacasmayo announces 12% revenue increase18 July 2019, Published under Cement NewsPeru’s Cementos Pacasmayo has announced a 11.9 per cent YoY increase in revenue during the 2Q19, mainly attributed to an 11.8 per cent rise in the sales volume of cement, concrete and precast. Net income advanced 37 per cent to PEN32.2m (US$9.8m), while its consolidated EBITDA climbed 11.3 per cent YoY to PEN94.3m. However, the cement EBITDA margin dropped from 30.3 per cent to 29.2 per cent as a result of higher-priced clinker used in April, according to the company. 6M19 results In th... |
CDPQ to invest additional CAD150m in Ciment McInnis18 July 2019, Published under Cement NewsCaisse de dépôt et placement du Québec (CDPQ) will invest a further CAD150m (US$115m) to Ciment McInnis, despite evaluating a possible divestment in the cement maker over the past year. A consortium of 11 Canadian and international banks has also extended a CAD300m loan to the company and Beaudier Inc has invested a further CAD50m. “The context has changed because the cement plant has a very good performance,” said CDPQ spokesperson Yann Langlais-Plante. "The overall demand for the cement ... |
Sri Lanka-based Lanwa Sanstha Cement Corp orders two MVR mills18 July 2019, Published under Cement NewsLanwa Sanstha Cement Corp (Pvt) Ltd has awarded Gebr Pfeiffer SE the contract for two MVR cement mills for its plant in Sri Lanka. The two grinding facilities consist of an MVR 5000 C-4 each, producing 180tph of OPC, ground to a fineness of 4000cm2/g according to Blaine. The core components of the plants will be supplied by Gebr Pfeiffer SE in Europe while Indian subsidiary Gebr Pfeiffer (India) Pvt Ltd will supply most components and provide the engineering. It will also provide the sta... |
Spanish cement market expands 7% in May17 July 2019, Published under Cement NewsCement consumption in Spain increased 6.6 per cent YoY in May, reaching 1,333,698t, according to Oficemen. In the first five months of 2019, demand for cement advanced 13.7 per cent YoY when compared with the 5M18. "The improvement in the percentage of annual growth in this first part of the year is the result of the positive evolution of housing, which in the last 12 months has grown by 25 per cent, reaching a figure higher than the 107,000 housing permits. In parallel, there are no signs... |