Cement News tagged under: Weekly Newsletter
US cement demand up 3% in 201818 March 2019, Published under Cement NewsApparent domestic consumption advanced 2.9 per cent from 97.4Mt in 2017 to 100.2Mt in 2018, according to the US Geological Survey (USGS). The higher sales volumes were supported by an increase in the average cement price from US$121/t in 2017 to US$126.50/t the following year. The rise in cement sales was attributed to a modest increase in construction spending as housing and public construction saw higher spending. The leading cement-consuming states continued to be Texas, California ... |
Thamesport Cement to build 0.5Mta grinding plant in UK14 March 2019, Published under Cement NewsThamesport Cement has submitted a full planning application of its proposed site on the Isle of Grain, Kent, UK. Backed by France-based Cem’In’Eu, the company promises to bring “21st century cement manufacturing” to the UK. Following a presentation of the project to Medway Council last month, Colin Jenkins, managing director of Thamesport Cement, accompanied by fellow directors Gerd Aufdenblatten and Fabien Charbonnel, said: ‘We are very pleased and excited at the prospect of bringing to th... |
SNIC reports rise in February sales but warns of uncertainty13 March 2019, Published under Cement NewsCement sales in Brazil increased by 6.4 per cent YoY to 4.1Mt in February 2019, according to the country's cement association, SNIC. According to SNIC President, Paulo Camillo Penna, last month's results were directly influenced by the comparison of working days. "February's performance was increased by just two working days more than in February 2018 due to the carnival holiday. If we analyse the sales per working day the result of February is 3.2 per cent lower than the same month last ... |
Argentinian demand stable, exports rise in February 201912 March 2019, Published under Cement NewsCement demand in Argentina remained largely stable YoY at 921,112t in February 2019, but fell 5.4 per cent MoM, according to the country’s cement association, AFCP. Domestic demand was entirely met by output from Argentinian cement factories and, unlike in 2018, there were no imports into the Latin American country. Of the total of 929,491t produced by domestic cement companies in February, 921,112t was dispatched to the home market and 8379t exported, reflecting YoY increases of 1.4 and... |
Vietnamese exports rise 15% in February12 March 2019, Published under Cement NewsVietnamese exports have risen 15.2 per cent in volume and 36.3 per cent in value for February 2019, rising to around 2.5Mt and US$105m, respectively. The average export price has increased 18.3 per cent YoY to US$42/t, according to the country’s Foreign Trade Agency. The three main export markets for Vietnamese cement were the Philippines, China and Bangladesh at 2.1Mt in February, accounting for more than 75 per cent of total exports. In the first two months of the year, exports were up 7.... |
Sinai Cement records improvement in 201812 March 2019, Published under Cement NewsEgypt’s Sinai Cement has reported that its standalone loss has narrowed by 13.7 per cent YoY in 2018 to EGP305.89m (US$17.56m), compared to EGP354.73m in the previous year. The improvement has been attributed to investment revenue and lower expenses, as well as collecting credit interests. However, revenue declined 37.7 per cent to EGP803.68m from EGP1.29bn. The company noted that cement consumption in Egypt fell five per cent in 2018. |
Rwandan government to divest Cimerwa stake11 March 2019, Published under Cement NewsThe state of Rwanda has put up its 49 per cent stake in Cimerwa up for sale, according to an announcement made by the country’s Prime Minister, Edouard Ngirente on 9 March 2019. An auction will be organised at the end of the month. South Africa-based PPC currently holds a majority stake of 51 per cent in the Rwandan cement producer, but has not expressed an interest in acquiring the 49 per cent shareholding for sale. Cimerwa operates a 0.6Mta integrated plant in Rusizi. The government is ... |
Sephaku Cement sees 6% FY18 cement volumes fall07 March 2019, Published under Cement NewsSephaku Cement (Dangote Group) reported FY18 cement volumes fell by 6.4 per cent YoY in South Africa. Revenue also fell 3.1 per cent to ZAR2.2bn (US$153.9m) compared with ZAR2.37bn in 2017 while EBITDA slipped to ZAR461.5m from ZAR504.2m in FY17. Sephaku Cement reported that profit margins were affected by above-inflation cost increases on energy costs such as electricity and low availability of coal. Maintenance costs also impacted on performance. The company's net profit for 2018 was ZA... |
Eagle Cement records net profit increase in 201807 March 2019, Published under Cement NewsPhilippines-based Eagle Cement Corp has recorded a 13 per cent YoY rise in net profit to PHP4.8bn (US$91.98m) in 2018, on the back of a double-digit expansion in sales volume. Net sales advanced 11 per cent YoY to PHP16.5bn for the full-year period. In the 4Q18, the company’s net income surged 36 per cent YoY to PHP1.3bn while sales increased 19 per cent to a quarterly record of PHP4.3bn. "While we are faced with challenges in the industry, we remain steadfast to expand the company to ... |
Oficemen predicts slower market expansion in 201906 March 2019, Published under Cement NewsCement consumption in Spain expanded by eight per cent in 2018, resulting in a domestic demand of 13.4Mt, according to the country’s cement association, Oficemen. For 2019, the association predicts a 3-6 per cent rise in cement demand. "2018 has been an atypical year, with ups and downs in growth, which has gone from the two digits with which it started the year, touching 12 per cent, to close with only an eight per cent increase, which means a growth of barely 1Mt in absolute values, maint... |