Cement News tagged under: Weekly Newsletter
Foundation stone laid for second Chinese cement plant in Nepal06 March 2019, Published under Cement NewsHuaxin Cement plant, a Chinese-Nepali joint venture, at Benighat Rorang Rural Municipality in Dhading, Nepal laid the foundation stone for its new plant on 1 March 2019. Nepal's Speaker of House of Representatives, Krishna Bahadur Mahara (1st R), and Vice President of China's Huaxin Cement, Xu Gang (2nd R), attend the foundation stone-laying ceremony. This is the second plant for the Chinese-Nepali joint venture in the domestic cement industry after Hongshi-Shivam Cement, formally began... |
LafargeHolcim's Ravena plant to fight for waste tyre burning05 March 2019, Published under Cement NewsLafargeHolcim has urged local residents near to its Ravena cement plant to defeat a new law that would prevent the cement company from burning tyres. Last week the company took out a full-page advertisement in the local paper to promote its cause. A new proposal would prevent the burning of waste tyres. Drafted last summer, the new measure plans to set the strictest national limits on tyre burning and emissions of dioxins and furans, mercury, SO x and NO x . The Ravena plant's current air... |
Colombian market sees modest dispatch growth in January04 March 2019, Published under Cement NewsNational dispatches in Colombia edged up by one per cent to 918,300t in January 2019 from 909,400t in January 2018, according to the country’s national statistics office, DANE. Ready-mix companies and the retail sector increased their off-take by 3.5 and 1.2 per cent, respectively. Bulk sales slipped 0.4 per cent YoY while bagged cement sales advanced 1.6 per cent. In terms of geographical distribution, the departments of Bolívar and Córdoba reported the largest increases with deliveries... |
CRH sees 31% hike in group net profit in 201828 February 2019, Published under Cement NewsCRH reported a six per cent increase in sales revenues to EUR26.79bn in 2018 from EUR25.22bn in 2017. The company’s EBITDA advanced seven per cent to EUR3.365bn in 2018 when compared with EUR3.146bn the previous year. Group net profit jumped 31 per cent to EUR2.521bn from EUR1.919bn in the year-ago period. The company attributes the robust results to strong financial discipline with EUR2.4bn operating cash flows from continuing operations and a year-end net debt-EBITDA ratio of over 2.1 t... |
Dangote Cement reports rise in group revenue for 201828 February 2019, Published under Cement NewsNigeria’s Dangote Cement announced a 11.9 per cent YoY rise in group revenue to NGN901.2bn (US$2.48bn) from NGN805.6bn for the full-year 2018 period. The results were driven by a 11.4 per cent increase in Nigerian cement sales to 14.178Mt and a 9.5 per cent higher revenue per tonne for pan-African operations. Group EBITDA advanced 12.1 per cent to NGN435.26bn, compared with NGN388.14 of 2017. Meanwhile, total cement sales were up 7.4 per cent to 23.535Mt. "This is a record financial per... |
Chip Mong Insee Cement achieves 26% market share in Cambodia in first year28 February 2019, Published under Cement NewsAfter just one year of operations, Chip Mong Insee Cement Corporation (CMIC) has achieved a 26 per cent of market share in Cambodia, company representatives said. Speaking at the company's one-year anniversary celebration, Aidan Lynam, CEO of CMIC, said the secret to its success is the focus on quality. "It is estimated that 8Mt of cement are consumed every year [in Cambodia]. After a full year of operations, we are supplying 1.6Mt, roughly 26 per cent of the total supply. Our strategy is ... |
Caribbean Cement records JMD2.5bn profit27 February 2019, Published under Cement NewsJamaica's Caribbean Cement Co set a record profit of JMD2.47bn (US$18.89m) in its last financial year. Sales by the cement producer rose six per cent to JMD17.5bn, while its net profit more than doubled from JMD1.1bn to JMD2.47bn. The results follow the restructuring of inventory and manpower and other efficiency measures, as well as investments in the plant at Rockfort, Kingston, reports The Gleaner. "The year 2018 marked the beginning of a period of stability for the company," Caribbean ... |
South Africa's construction sector unlikely to recover before 202126 February 2019, Published under Cement NewsFollowing Finance Minister Tito Mboweni's first budget, economist Dr Azar Jammine has raised hopes for a "major recovery" in the South African economy, but he warned it was unlikely to happen before 2021. Speaking at AfriSam's 2019 National Budget Breakfast in Sandton on Thursday, Dr Jammine told a diverse audience of more than 200 people from the construction sector that 2019-20 would remain very difficult. Planned government investment in infrastructure, for instance, was expected to rise... |
Raysut Cement of Oman to acquire Sohar Cement25 February 2019, Published under Cement NewsRaysut Cement Co SAOG has informed Muscat Securities Market (MSM) that it has signed a letter of intent (LoI) with the shareholders of Sohar Cement Factory LLC of Oman, with respect to the purchase of all its shares. According to Ghose Jotirmoy Pratul Krishina, CEO of Raysut Cement, the parties are currently discussing the terms of the proposed acquisition and company will keep its shareholders informed of any significant future developments as and when they happen. With a 240tph gr... |
New cement plant for Aktobe, Kazakhstan25 February 2019, Published under Cement NewsA new 1.8Mta cement plant will be built in Kazakhstan’s Aktobe region, according to the head of SEC Aktobe, Anuar Makhanov. Representing an investment of KZT101bn (US$268.8m), the production facility will be located in Baiganinsky district by Turkey-based Dal Holding Investment Co. “A joint venture of Aktobe Cement was established, a Roadmap was signed. Construction and installation work will begin in April 2019. In the course of cooperation between SEC and DalHolding Investment Company, ... |