Cement News tagged under: Weekly Newsletter
PCA Spring Forecast 2019: US cement consumption growth of 2.3%28 March 2019, Published under Cement NewsThe Portland Cement Association (PCA) has released its annual Spring Forecast, which envisions strong to moderate growth for cement consumption through 2019 and into 2020. PCA Market Intelligence expects cement consumption to grow by 2.3 per cent in 2019 compared to the forecast a year ago, this represents a marginal slowing in the pace of growth. "While there are several phenomenon that confront the economy in the next two years, PCA believes the economy is strong," said Ed Sullivan, PC... |
Vietnam cement producers see 8% rise in February output28 March 2019, Published under Cement NewsCement production in Vietnam in February 2019 reached 5.093Mt in February, up eight per cent when compared with February 2018 but down 29.7 per cent from 7.247Mt in January 2019, according the Vietnam National Cement Association (VNCA). Of this total, domestic deliveries by Vietnamese cement producers reached 2.751Mt, including 0.934Mt supplied by VICEM, an additional 0.657Mt by its associated companies and 1.16Mt by other Vietnamese producers. Total exports increased six per cent YoY to... |
ACC Ltd's cement sales rise to 28.37Mt in 201828 March 2019, Published under Cement NewsAt ACC Ltd's (LafargeHolcim group) 83rd Annual General Meeting, Neeraj Akhoury, managing director and CEO, said the company's cement sales had increased eight per cent to 28.37Mt in 2018. Mr Akhoury added that despite facing multiple rising costs of coal, fuel, petcoke and diesel the company registered robust revenue and volume growth across all four quarters of 2018. Cement sales rose by over 2Mt on 2017 and the premium product range grew by 36 per cent. ACC Ltd's consolidated EBITDA gr... |
New finish mill commissioned at Oro Grande plant27 March 2019, Published under Cement NewsCalPortland has commissioned a new cement grinding mill and distribution system at its cement plant in Oro Grande (CA), USA. The development brings an additional 64 per cent in total production capacity directly to the Oro Grande plant. The project is the culmination of the partial plant modernisation programme that was originally completed in 2008, prior to the acquisition of the facility by CalPortland. The project began in January 2018 and was constructed by general contractor Thysse... |
Cementos Argos dispatched 16Mt of cement in 201825 March 2019, Published under Cement NewsCementos Argos has released its financial figures and strategic milestones of 2018 during the shareholders' annual meeting. Cementos Argos reported a consolidated EBITDA of COP1.54bn (US$491.7m) and a growth of eight per cent. The company dispatched 16Mt of cement and 10.3Mm 3 of concrete generating income of COP8.4bn. Net income was COP178.563m in 2018. Regional summaries US cement dispatches in 2018 amounted to 5.7Mt, while concrete dispatches reached 7Mm 3 . This raised US$1.5bn inco... |
Titan Group records turnover of EUR1.4bn in FY1821 March 2019, Published under Cement NewsTitan Group recorded consolidated turnover for 2018 at EUR1490.1m, recording a marginal one per cent decline compared to 2017. Earnings before interest, tax, depreciation and amortisation (EBITDA) fell by five per cent to EUR259.7m. Group net profit after minority interests and the provision for taxes reached EUR53.8m, posting a 26 per cent increase compared to 2017. In 4Q18 group turnover increased by 7.5 per cent reaching EUR388.2m and EBITDA increased by 6.6 per cent to EUR6... |
Cemex to sell white cement plant to Çimsa21 March 2019, Published under Cement NewsCemex has announced that it has reached a binding agreement with Çimsa Çimento to divest its white cement business, including its Buñol plant in Spain, for approximately US$180m. The final agreement is expected to be signed in April 2019, with the closure of the sale forecast for 2H19. The divestment does not include the company's white cement business in Mexico or the investment in USA-based Lehigh Cement. The deal is part of Cemex's ongoing restructure, with the potential proceeds to be m... |
Niger's president inaugurates Malbaza Cement plant21 March 2019, Published under Cement NewsNiger's President, Issoufou Mahamadou, inaugurated the new Malbaza Cement Co plant in the Tahoua region of Niger, on 20 March 2019. Owned by private capital from Niger, the plant currently has a cement capacity of 0.54Mta, but this has the option to be expanded to 0.65Mta at a later date. The construction was financed by a consortium of local banks, the West African Development Bank and promoters who invested XOF66bn (US$114.7m). Its output will cover Niger’s cement requirements and reduc... |
Votorantim acquires New York ready-mix and aggregates business21 March 2019, Published under Cement NewsUS-based ready-mix concrete, aggregates and building materials supplier United Materials has been acquired by Votorantim Cimentos North America. Located in Depew, New York, United Materials has 140 employees and operates four ready-mix plants, one aggregate quarry and two building supply retail outlets in the region. Peter J Romano Jr, executive general manager of United Materials, said the new ownership "brings a wealth of experience in our business and a long history in North America. T... |
New cement facility inaugurated in Iran20 March 2019, Published under Cement NewsMonde Dashti Cement’s new 1.2Mta cement production unit has been inaugurated by Iranian President, Hassan Rouhani, through a video conference, according to the Tehran Times. The plant based in Bushehr province represents an investment of around IRR3.8trn (US$90.48m) and has created over 170 job opportunities. |