Cement News tagged under: Weekly Newsletter
Spanish cement consumption expands 7% YoY in April21 June 2019, Published under Cement NewsThe Cement Demand Index, presented by Oficemen, the Spanish cement producers’ association, has registered an increase of 7.1 per cent in April when compared with April 2018. This represents a fall of nearly two percentage points when compared with March 2018, according to the association. Between May 2018-April 2019 total cement demand in Spain reached 13.57Mt, up 0.9Mt in the previous-year period. However, export growth continues to trend into negative territory. In the 12 months up t... |
Bulgaria’s Zlatna Panega swings to BGN2.7m net profit20 June 2019, Published under Cement NewsTitan-owned Zlatna Panega Cement reported a non-consolidated net profit of BGN2.7m (US$1.6m) in 2018, a significantly-improved result when compared with the non-consolidated net loss of BGN-6.8m the previous year. The Bulgaria-based cement producer saw its sales revenue increase 8.6 per cent to BGN90.5m from BGN83.3m in 2017 on the back of a 17.1 per cent YoY rise in cement sales from BGN63.3m to BGN74.1m. Cost of goods decreased by 3.6 per cent to BGN77.4m in 2018 from BGN80.3m in 2017 ... |
Cimburkina inaugurates second mill at Kossodo20 June 2019, Published under Cement NewsCimburkina, part of HeidelbergCement, inaugurated its second grinding unit on 18 June at its Kossodo plant in Ouagadougou, under the patronage of Prime Minister Christophe Joseph Marie Dabiré and Burkina Faso’s Head of State, Mogho Naba Baongo. The ceremony took place in the presence of the country’s Minister of Commerce, Industry and Handicrafts, harouna Kaboré. The project includes a 150tph mill, a new 2000t limestone silo and a new bagging unit with a capacity of 120tph. T he first ston... |
Vicem Hoang Mai to build 3Mta plant in Nghe An19 June 2019, Published under Cement NewsVicem Hoang Mai Cement JSC plans to build a 3Mta cement plant in Vietnam’s central province of Nghe An. Covering 60ha in the Hoang Mai 2 Industrial Zone, the project represents an investment of VND6.67trn (US$286m) and is expected to create 500 local jobs. During a meeting in May, the chairman of the provincial People's Committee, Thai Thanh Quy, granted approval in principle for the investor to develop the plant, which is part of the development strategy for the cement industry to 2030,... |
Rise in India's cement prices falters18 June 2019, Published under Cement NewsCement price rises in India, which started in India, have started to reverse, according to LiveMint. In June average prices fell to INR361 (US$5.17)/50kg bag, down by INR7, according to Kotak Institutional Equities Ltd. Price reductions were mainly led by southern and western Indian companies, which reduced prices by INR8-11/bag MoM. The fall in prices can be attributed to a drop in demand in June. While in April volumes increased one per cent YoY to 28.7Mt, throughout the April-June q... |
Producers: cement prices unsustainable in Peninsular Malaysia17 June 2019, Published under Cement NewsCement prices in Peninsular Malaysia, which have been declining since 2016, have a reached an unsustainable level as production costs have increased, according to the country’s cement producers. While the Cement and Concrete Association of Malaysia said it cannot comment as cement prices are set by individual manufacturers independently, it highlighted the capital-intensive nature of the cement industry and the need to have a reasonable return on its investments to meet the expectations of... |
Asia's need to embrace co-processing14 June 2019, Published under Cement NewsAs the Cemtech Asia 2019 Conference and Exhibition prepares to open in Bangkok next week, our weekly newsletter focusses on the opportunity for co-processing in Asia's cement sector, where general, post-consumer, plastic waste is being imported on an unprecedented scale, since China banned these foreign imports in 2017. Malaysia alone, for example, imported more than 754,000t of plastic waste from January to June 2018, according to Greenpeace. While public campaigns against imported waste ... |
Brazil's cement sales rise 6% in 5M1912 June 2019, Published under Cement NewsIn May apparent cement consumption (domestic sales plus imports) in Brazil increased 27.7 per cent YoY to 4.6Mt, according to the country's cement association, SNIC. The sharp rise reflects the 10-day nationwide truckers' strike in May 2018 that damaged economic activity and saw domestic cement sales down by 0.9Mt. Sales were up 30.5 per cent in the key southeast market to 2.262Mt, while the northeast – the country's second-largest market – reported a 23 per cent advance to 0.889Mt. In the s... |
Vietnam's cement exports rise 4% in 5M1912 June 2019, Published under Cement NewsVietnam exported 13.82Mt of cement worth US$589.95m in the 5M19, an increase of four per cent YoY in volume and 23.2 per cent in value, according to the General Department of Vietnam Customs. The country’s cement exports are expected to hit a target of 25Mt in 2019. Elsewhere, Nguyen Van Cung, chairman of Vietnam Cement Association (VNCA), has stated that the country’s domestic industry requires the participation of large players and firms to help lower production costs, raise labour produc... |
Tanzania Portland Cement reports increased profits for 201812 June 2019, Published under Cement NewsTanzania Portland Cement (TPC PLC), also known as Twiga Cement, recorded a 28 per cent YoY increase in operating profit for 2018, rising to TZS80.06bn (US$34.8m) from TZS62.67bn. The growth in profit has been attributed to a 28 per cent increase in revenue and higher clinker production, despite that selling and administrative expenses were also up nine per cent YoY. "2018 was also critical to consolidate the processes and the organisation at country level, but also a good opportunity for T... |