Cement News tagged under: Weekly Newsletter
SCG records 6% rise in revenue for 201831 January 2019, Published under Cement NewsThailand’s Siam Cement Group (SCG) announced a six per cent YoY rise in sales revenue to THB478.4bn (US$15.3bn) for 2018. However, profit for the year decreased 19 per cent from the year-ago period to THB44.74bn due to global economic uncertainties, according to the company. In the company’s Cement-Building Materials segment, revenue increased four per cent YoY to THB182.9bn in the FY18. Profit for the year finished at THB5.98bn, falling seven per cent from 2017 mainly due to asset impairm... |
Kazakhstan becomes net exporter of cement30 January 2019, Published under Cement NewsKazakhstan became a net exporter of cement in 2018. During 9M18, domestic cement producers exported more than 1.4Mt of cement with a total value of US$71.5m, almost doubling the export volume of 2017. Imports remained at the previous year’s level of 717,000t, supplied at a total value of US$38.8m. Imports have always exceeded exports by several times, reaching a record US$150m in the pre-crisis year of 2013, according to Forbes. Output from the Kazakh cement industry has been gradually r... |
Cementos Bio Bio announces new plant in Peru29 January 2019, Published under Cement NewsChile's Cementos Bio Bio has announced that it will invest approximately US$20m in the construction of a new grinding plant at the Port of Matarani in southern Peru. The plant's cement capacity is initially expected to reach 200,000tpa, however this could be doubled in a second stage of development. The project has already received the required permits and therefore, the company expects to begin construction work this year, with operations expected to begin in 2020. According to Cementos... |
LafargeHolcim could seek up to US$2.5bn for its Philippines business28 January 2019, Published under Cement NewsShares of Holcim Philippines have been rising steeply as LafargeHolcim is believed to be considering the sale of its Philippines business unit to further reduce group debt. LafargeHolcim is undergoing a strategic review of its southeast Asian operations following the sale of its Indonesian business. The company could seek a value of US$2.5bn for the assets it holds in the Philippines, according to Bloomberg. LafargeHolcim's CEO, Jan Jenisch, said in May that the company’s southeast Asia bu... |
Cherat Cement Company completes third line28 January 2019, Published under Cement NewsCherat Cement Company Ltd (CCCL) informed Pakistan Stock exchange (PSX) earlier this week that it has successfully installed and commissioned the third production line, which has a cement capacity of 6700tpd of clinker, along with a waste heat recovery plant at its existing location in Nowshera, Khyber Pakhtunkhwa Province. During the period, the company also installed Wärtsilä dual-fuel engines, in anticipation of the availability of gas. Currently a gas pipeline is being laid a... |
FLSmidth signs contract for 5000tpd Ethiopian plant24 January 2019, Published under Cement NewsFLSmidth has signed a contract with Abay Industrial Development SC for a greenfield cement plant near Dejen, Ethiopia. The order is valued at around EUR100m and includes the delivery of design and engineering, full equipment supply, automation systems, installation and commissioning, as well as training and extended supervision. The project is expected to be completed in the second quarter of 2022 and, once fully operational, will have a capacity of 5000tpd. "This greenfield plant will... |
Republic Cement to commission two new cement mills in 201924 January 2019, Published under Cement NewsPhilippines-based Republic Cement Services Inc (RCSI) plans to commission two finish mills this year, adding 2Mta to its 7Mta current capacity. The investment is estimated to have cost in the region of US$20m for each finish mill. "This year we will increase our grinding capacity and at the end of this year, we will commission two new finish mills which will somehow give an output of a bit more 50 million bags," said Nabil Francis, president, RCSI. "At the end of this year the total cap... |
Spain's cement demand up 9% in November22 January 2019, Published under Cement NewsSpain’s cement consumption index (IDC) noted a 9.2 per cent YoY increase in November 2018, according to the Spanish cement association, Oficemen. MoM a 2.4 per cent decrease was reported. Between December 2017 and 2018, 13.4Mt of cement was sold – 1.1Mt more than in the equivalent period of the previous year. While consumption levels remain low – similar to the level noted in 1967 – they continue to rise. “We look with optimism at the investment growth contemplated by the Ministry of Deve... |
Vicat closes acquisition of Ciplan22 January 2019, Published under Cement NewsVicat Group has announced the closure of its Ciplan acquisition and now holds a 64.7 per cent stake in the company. The deal was structured through a reserved capital increase of EUR295m, with the proceeds used to settle a vast majority of Ciplan’s existing debt, according to a press release. "With this acquisition, Vicat pursues its targeted external growth and geographical diversification strategy, through the incursion into a new emerging market benefitting from strong growth perspe... |
Chinese manufacturer to enter Sri Lankan market22 January 2019, Published under Cement NewsA Chinese cement manufacturer will set up a plant in the Hambantota Export Processing Zone, Sri Lanka, according to Nalin Bandara, deputy minister of Development Strategies and International Trade. Although the name of the manufacturer has not been released, it is the first time that a Chinese manufacturer has entered the country's market. "Since most of the regional markets have large cement manufacturers, this Chinese company would mainly concentrate on Sri Lankan markets," said Mr Banda... |