Cement News tagged under: Weekly Newsletter
CRH divests its European Distribution business for EUR1.64bn16 July 2019, Published under Cement NewsCRH has agreed the divestment of its European Distribution business to private equity funds managed by Blackstone for an enterprise value of EUR1.64bn in cash, subject to regulatory approval. The divested business unit consists of CRH's entire general builders merchants business in Europe, including its sanitary heating and plumbing business that serve professional builders, contractors and DIY customers across six countries. In 2018 the business unit generated proforma EBITDA of EUR155m on... |
Kenya's Savannah Cement plans KES5bn grinding plant in major expansion plan15 July 2019, Published under Cement NewsSavannah Cement is currently undertaken a KES5bn expansion of its grinding plant at Kitengela, Kenya, according to the company’s MD, Ronald Ndegwa. The project sees the construction of a 1.2Mta grinding unit, which will double the company’s current installed capacity. Central to the plant will be an energy-efficient vertical grinding mill, supplied by FLSmidth. The new facility is expected to be commissioned by the end of the year. “At Savannah Cement, we are banking on the regional ma... |
Spain's cement demand in May up, worsening trade balance11 July 2019, Published under Cement NewsCement consumption in Spain increased 6.6 per cent YoY to 1,333,698t, according to Oficemen, the country's cement association. In the first five months of 2019, the domestic cement market has expanded by 13.7 per cent YoY while in the 12-month period from June 2018 to May 2019 consumption rose 10.4 per cent to 14.11Mt. "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 grow... |
NCLT approves Dalmia's acquisition of Murli Industries with conditions11 July 2019, Published under Cement NewsIndia’s Dalmia Cement (Bharat) has received approval from National Company Law Tribunal (NCLT) Mumbai regarding its offer to save Murli Industries from liquidation. However, the assembly has outlined certain conditions for the deal. The liquidation value of Murli’s assets is INR2.31bn (US$33.6m) while Dalmia has offered INR4.02bn for the acquisition of its 3Mta cement manufacturing business in Maharashtra. The offer will see banks receive INR3.8bn out of the INR27.83bn due, according to Th... |
Holcim Philippines completes Davao expansion11 July 2019, Published under Cement NewsHolcim Philippines has completed its 0.7Mta expansion project at its Davao facility, which has been undertaken to support the strong construction activity in Mindanao, according to a press release. "Our company is determined to continue supporting the development of Davao and the rest of Mindanao. These initiatives strengthen our ability to contribute to the progress of the region at this time of robust growth," said John Stull, CEO. The expansion involved the activation of a finish mill... |
Steppe Cement records 6% rise in volumes for 1H1910 July 2019, Published under Cement NewsKazakhstan’s Steppe Cement has sold 780,315t of cement in the first half of 2019, an increase of six per cent YoY from 738,228t in the year-ago period. The revenue from the sale of cement has surged 34 per cent to KZT14bn (US$36.6m) from KZT10.5bn. The average price of its cement, excluding VAT, rose to KZT18,042/t, compared with KZT14,276/t in the 1H18. The company’s local market share increased slightly to 17 per cent from 16 per cent. The overall cement market in the country contracte... |
El Nahda Cement partially stops production line at Qena plant09 July 2019, Published under Cement NewsEgypt's El Nahda Cement has decided to partially suspend the main line at its 5500tpd Qena plant for nearly six months. The actions come as a result of a decrease in sales and an increase in clinker stocks, representing stagnant assets if not exploited, according to local media sources. The company plans to continue with a partial suspension and reliance on the available clinker, however would resort to complete suspension if the situation continues. Monthly updates of the situation for the... |
Swiss cement deliveries fall to 1.176Mt in 2Q1908 July 2019, Published under Cement NewsCement deliveries in Switzerland declined 3.6 per cent in the 2Q19 when compared to the 2Q18, according to Cemsuisse, the Swiss cement association. Sales in the April-June quarter 2019 came in at 1.176Mt. In the 2Q18 cement sales reached 1.22Mt. In the first quarter sales increased 4.8 per cent YoY to 0.874Mt and when compared with the 1H18, total cement sales in the first half of 2019 have slipped by 0.2 per cent. |
US and Puerto Rican blended and Portland cement shipments up 6% in April04 July 2019, Published under Cement NewsBlended and Portland cement shipments in the USA and Puerto Rico advanced 5.9 per cent to 8.7Mt in April 2019, according to the US Geological Survey (USGS). The largest US markets were Texas, California, Florida, Ohio and Georgia, which accounted for a combined share of 42 per cent of such shipments. The leading cement-producing states during the month were Texas, California, Missouri, Florida and Alabama. Masonry cement deliveries increased 4.6 per cent YoY to 218,000t. Florida, Texas, Ca... |
Argentina's cement demand declines 11% in June04 July 2019, Published under Cement NewsThe Argentine cement market contracted by 11.4 per cent YoY to 860,631Mt in June, according to the country’s cement association, AFCP. The domestic demand was entirely met by Argentina’s cement producers, who produced 863,924t of cement during the month. In terms of external trade, unlike in June 2018 when 2302t was imported, there were no cement cement imports in June 2019. However, the country’s cement companies exported 3293t of cement in June 2019 but volumes were down from 5067t in Ju... |