Cement News tagged under: Weekly Newsletter
GCCA publishes its first six sustainability guidelines20 December 2018, Published under Cement NewsThe Global Cement and Concrete Association (GCCA) has published its first six sustainability guidelines . The guidelines include a number of KPIs against which member companies must monitor and report on their sustainability performance across a number of key activities, this includes monitoring and reporting CO 2 emissions and other emissions from cement manufacturing, co-processing of fuels and materials, safety and water usage. "The Sustainability Guidelines are important as they pro... |
Brazil’s cement sales up 2% in November19 December 2018, Published under Cement NewsCement sales in the Brazilian market between January and November 2018 totalled 48.7Mt, representing a 1.2 per cent fall YoY, according to the National Union of the Cement Industry (SNIC). Apparent consumption of cement, which includes domestic sales plus imports, slipped 1.5 per cent YoY to 49Mt. In addition, Brazil’s cement producers exported 78,000t of cement during 11M18, up 5.4 per cent when compared with 11M17, when 74,000t were exported. In November 2018 alone, 4.545Mt of cement w... |
Azerbaijan hits record high in cement production19 December 2018, Published under Cement NewsAzerbaijan has produced over 3.2Mta of cement in the first 11 months of the year, a record amount in the entire history of building materials in the country, according to Turan Information Agency. Representing a 21.1 per cent YoY increase, it has been attributed to government policies which stimulate local production and see high import duties on cement. In 2017 the country produced 2.954Mta of cement at a value of AZN265.5m (US$156.49m). |
Cementos Melón to invest in new capacity18 December 2018, Published under Cement NewsChile-based Cementos Melón has announced that it will open a new cement facility in Punta Arenas in the first half of 2020. The first stage of construction will see an investment of US$30m, with an expected capacity of 0.5Mta. "To date, Cementos Melon has customers to whom it supplies bagged cement, distributed by sea from its other plants in the country. Here in the area [Magellanes] we have 10 clients and we hope that being here with our new plant we will add hundreds," said Jorge Eugen... |
Eurocement to begin producing white cement18 December 2018, Published under Cement NewsRussia's Eurocement Group has announced plans to launch white cement production at its Zhigulyovsk Building Materials plant in Samara Region. "Today, the demand for white cements in Russia is largely satisfied with shipments from abroad. The launch of production at our enterprise is an important step in import substitution. The plant in the Samara region will produce about 300,000tpa of white cement, which will allow consumers to reduce costs. At the same time, customers will get cement w... |
MI Cement sees 33% revenue rise in FY17-1817 December 2018, Published under Cement NewsBangladesh's MI Cement Factory reported a 33 per cent rise in revenue in FY17-18, compared to the previous financial year, supported by new capacity and market expansion. The company's total revenue reached BDT12.56bn (US$150m) in FY17-18, up from BDT9.44bn in the previous financial year. However, MI Cement's net profit fell by more than 52 per cent YoY to BDT315.6m on the back of rising administrative costs of selling and distribution. "The cost of goods sold (COGS) has increased by 39.... |
Cement consumption in Spain up 10% in October17 December 2018, Published under Cement NewsDemand for cement in Spain has risen 10.1 per cent YoY in October, according to the country’s cement association, Oficemen. In the past year, from November 2017 to October 2018, cement demand reached 13.3Mt in Spain – up 1.2Mt when compared with the previous year period. Exports fell by 11.9 per cent in September. Data for October are yet undisclosed. |
MPA report highlights UK cement is reducing costs and CO2 footprint13 December 2018, Published under Cement NewsThe Mineral Products Association (MPA) has published its 2018 Annual Performance Report which presents data on the UK cement industry's contribution to the economy in 2017. Cement production in the UK fell by 3.4 per cent compared to 2016 to 9.5Mt of production, while cement sales were 31 per cent higher than in 2012. The UK cement industry continues to be successful in reducing costs and improving its carbon footprint by increasing energy efficiency, using alternative fuels instead of trad... |
Caribbean Cement secures loan to pay US$ debt12 December 2018, Published under Cement NewsJamaica's Caribbean Cement Co Ltd and its mining subsidiary have secured a five-year JMD3bn (US$23.53m) loan from National Commercial Bank Jamaica to pay back a US dollar debt. The amount will be repaid in Jamaican dollars at a rate of 7.45 per cent per annum. The company also has stated that some of the funds will be used for general corporate purposes, according to The Gleaner. Its mining subsidiary, Jamaica Gypsum and Quarries Ltd, a borrowing partner of the loan, is also about to expan... |
Bamburi Cement forecasts profit drop of 25% in 201811 December 2018, Published under Cement NewsBamburi Cement (LafargeHolcim group) has given a profit warning of earnings likely to drop by 25 per cent in 2018 following difficult market conditions and escalating international energy prices in Kenya and Uganda. "The company wishes to inform the shareholders and potential investors that, based on the preliminary assessment of the unaudited consolidated management accounts, the 2018 full-year earnings of the Group are expected to decrease by more than 25 per cent, compared with the year ... |