Cement News tagged under: Weekly Newsletter
Ultracem plans new Honduran plant30 May 2019, Published under Cement NewsConstruction growth and increased cement demand in Honduras are prompting cement producer Ultracem to make plans for a new cement plant in Cortés in the northwest of the country. At present, the company has invested US$2m and employs 60 people in its current operations. The new plant is expected to push up employment to 100 but an investment amount has not been disclosed. “The short-term plan is to build a production plant that employs a larger number of people and greater investment, we... |
Hong Leong Asia looks to complete Tasek Corp takeover29 May 2019, Published under Cement NewsSingapore-listed Hong Leong Asia is looking to take Malaysia’s Tasek Corp private in a deal worth an estimated MYR128.61m (US$30.6m), according to The Edge. The company currently controls 80.8 per cent of Tasek through two subsidiaries, HL Cement (Malaysia) and Ridge Star, and has submitted a voluntary takeover offer to acquire the remaining shares. Together, the subsidiaries hold 97.89m ordinary shares in Tasek, with the takeover involving the remaining 19.2 per cent of ordinary shares ... |
Mohir Cement plans new 0.6Mta plant in Tajikistan28 May 2019, Published under Cement NewsTajikistan’s Mohir Cement Co has announced plans to construct a new 0.6Mta cement plant in Jaloliddin Balkhi district, Khatlon. An estimated US$30m is expected to be spent on construction, according to the company’s draft investment agreement with the government of Tajikistan. All equipment, transport vehicles and materials imported by the investor for the project are reportedly exempt from customs duties and value-added tax. The company is also currently working with Chinese investors t... |
Vicat announces stake in 2170 to develop low-carbon cements28 May 2019, Published under Cement NewsVicat has approached 2170, a subsidiary of Burgundy-based JPS Granulats, to accelerate the development of low-carbon cements. The French cement producers has announced it would buy a stake in the capital of 2170, which prides itself on being the first French producer to receive the NF Hydraulic Binder certification in February 2018 for the production of blended cements. "Vicat has always favoured short circuits throughout the territories. The synergies deployed between our two companies wi... |
Ecocem forced to drop Vallejo mill project28 May 2019, Published under Cement NewsEcocem of Ireland has dropped plans for a grinding mill Vallejo, San Francisco Bay, California, USA, after project partner Vallejo Marine Terminal (VMT) withdrew from the proposed plant. VMT's lawyer, Krista Kim, told the city council that her client no longer supported the project, which has endured a six-year planning application battle. VMT owned the land on which the proposed EUR45m plant would have been constructed for Ecocem subsidiary Orcem Americas. Vallejo's council was scheduled ... |
Vietnamese market contracts 13%, but exports rise in April24 May 2019, Published under Cement NewsVietnamese cement sales fell by 13 per cent YoY and seven per cent MoM to 6,316,583t in April 2019, according to the Vietnam National Cement Association (VNCA). Of this total VICEM plants sold 2.158Mt, or three per cent less when compared with April 2018. Sales were down eight per cent from 2.338Mt in March 2019. VICEM joint ventures saw their sales slip by four per cent YoY and by eight per cent MoM to 1.799Mt during the same period. Vietnam’s other cement producers reported a 19 per cent... |
Philippines sees 64% increase in cement imports for 1Q1923 May 2019, Published under Cement NewsThe domestic cement industry of the Philippines has reported a 64 per cent increase in imports during the first quarter of 2019. Data presented during the first public hearing conducted by the Tariff Commission on the cement import safeguard measure showed total cement imports of 1.74Mt from 1.06Mt in the 1Q18, according to The Manilla Bulletin. Imports reportedly continued to rise despite the imposition of the provisional PHP8.40/bag (US$0.16/bag) safeguard duty imposed in February this ... |
US and Puerto Rican cement shipments fall to 5.7Mt in February22 May 2019, Published under Cement NewsTotal shipments of Portland and blended cements in the USA and Puerto Rico fell slightly to 5.7Mt in February 2019 when compared with February 2018, according to the US Geological Survey (USGS). The top-five consuming states were Texas, Florida, California, Georgia and North Carolina. Masonry cement dispatches totalled 160,000t in February 2019, down 5.2 per cent YoY. Leading masonry cement-consuming states were Florida, Texas, California, Georgia and North Carolina. The country’s leadin... |
Huaxin Cement begins Zafarabad plant build in Uzbekistan22 May 2019, Published under Cement NewsChina’s Huaxin Cement Co Ltd has started construction on the 1.2Mta cement plant in Zafarabad district, Jizzakh region in Uzbekistan. Output from the plant is expected to be 480,000t of M400 Portland cement and 720,000Mt of M500 cement with 10 per cent of volumes earmarked for export. The facility represents an investment of US$150m, financed through direct investment and borrowed funds. As part of he investment project implementation, Huaxin Cement Co established a foreign subsidiary, H... |
JSW Cement plans to double green cement capacity22 May 2019, Published under Cement NewsIndia’s JSW Cement Ltd plans to double its green cement capacity over next couple of years. At present, the company produces green cement at its Salboni unit in West Bengal to cater to the demand of the eastern region. "The eastern markets in India are very important to JSW Cement’s growth story. Over the past year, we have implemented several initiatives to cater to requirements of all our customers, and the capacity expansion is testimony to our commitment to serving them better. The pr... |