Cement News tagged under: Weekly Newsletter
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, ... |
Cement import into USA draws US$506,250 OFAC penalty25 February 2019, Published under Cement NewsThe US Treasury Department’s Office of Foreign Assets Control (OFAC) has reached a US$506,250 settlement with ZAG International, based in Newtown (CT), for illegally sourcing clinker from Iran. Between 11 July 2014-15 January 2015, ZAG International purchased 263,563t of Iranian-origin clinker via a supplier in the UAE, which was then resold by the company to a customer in Tanzania. ZAG’s actions violated the Iranian Transactions and Sanctions Regulations. OFAC said ZAG’s managing direct... |
HeidelbergCement reduces its stake in Ciments du Maroc22 February 2019, Published under Cement NewsAs part of its action plan to optimise its portfolio and improve cash generation, HeidelbergCement is its reducing stake in Ciments du Maroc. HeidelbergCement announces the sale of around 1.1m shares, representing 7.8 per cent of Ciments du Maroc's share capital, for an aggregate amount of approximately EUR140m. The shares were sold to Moroccan institutional investors through an off-market block trade. Following this transaction, HeidelbergCement retains a controlling stake of 54.6 per ce... |
Cementos Argos' revenues slip in 201821 February 2019, Published under Cement NewsCementos Argos has posted its full-year 2018 results and reported that cement and ready-mix volumes fell in 4Q18 by three and seven per cent, respectively. The company pointed to unfavourable weather conditions in the USA and higher electricity and fuel costs in Colombia that were only partially offset by stronger sales in the Caribbean. Full-year 2018 results Cement volumes in 2018 slipped to 16.02Mt from 16.19Mt in 2017, down -1.1 per cent. Ready-mix volumes for the full year 2018 v... |
Cemex sells Broceni plant and Nordic assets to Schwenk Zement20 February 2019, Published under Cement NewsCemex has announced that it has signed an agreement for the sale of assets in the Baltics and Nordics to Schwenk Zement for approximately EUR340m. The Baltic assets being divested consist of the 1.7Mta Broceni cement plant in Latvia, four aggregates quarries, two cement quarries, six ready-mix plants, one marine terminal and one land distribution terminal in Latvia. The assets divested also include Cemex's approximate 38 per cent indirect interest in the 1.8Mta Akmene cement plant in Lithu... |
Vicat's net underlying 2018 profits 12% ahead20 February 2019, Published under Cement NewsVicat's turnover edged ahead by 0.7 per cent in 2018 to EUR2582m and EBITDA eased by 2.2 per cent to EUR435m, while at unchanged exchange rates and other parameters the changes would have been +5.9 per cent and +2.7 per cent, respectively. The trading profit was ahead by 0.8 per cent to EUR249m, with the advance at unchanged parameters being 5.9 per cent. The net financial charge was 31.6 per cent or EUR8.9m lower at EUR19.3m. After a reduction in the contribution from associates from EUR5.6... |
Cemtech Middle East & Africa off to successful start19 February 2019, Published under Cement NewsOver 200 delegates from the global cement industry have come together for Cemtech Middle East & Africa 2019, which is being held at the Grand Hyatt Dubai, UAE, between 17-20 February. International Cement Review's Managing Director, Thomas Armstrong, inaugurated the conference by welcoming delegates to Dubai. Mr Armstrong considered how oversupply is one of the largest issues that dominates the cement sector in the Middle East and African region, with a 55-60 per cent utilisation rate in 20... |
National Cement Co opens new 1Mta line in Libya18 February 2019, Published under Cement NewsAli Al-Issawi, Libyan Minister of Economy and Industry, and the board of directors of the National Company for Cement opened the 1Mta second production line at Zliten cement plant. Mr Al-Issawi said that the project marks the beginning of an industrial renaissance in the country and contribute to creating new employment opportunities for young people. "The new line will enable the National Cement Company to raise the total capacity of its production to more than four million tons annually,... |
Argentina's cement consumption declines 16% in January15 February 2019, Published under Cement NewsCement demand in Argentina fell 16.3 per cent to 873,958t in January 2018, when compared with 1,043,732t in January 2017, according to the latest data from the Argentinian cement association, AFCP. This demand was supplied entirely by domestic producers and no imports were reported. Total output declined by 14.2 per cent YoY to 884,334t in the first month of the year from 1,030,361t in January 2017. Of this total, around 10,376t were exported, a significant improvement when compared with 8... |
Brazil cement market expands 4% in January 201914 February 2019, Published under Cement NewsDomestic cement sales in Brazil totalled 4.5Mt in January 2019, according to the National Union of the Cement Industry (SNIC). When compared with January 2018, the latest data reflect an advance of 4.2 per cent. In terms of days worked, domestic sales advanced 2.5 per cent MoM. Domestic sales jumped by 10.8 per cent in Brazil’s south to 738,000t and significant gains were also reported in the central-eastern part of the country with sales increasing 7.6 per cent to 467,000t. However, in th... |