Cement News tagged under: Weekly Newsletter
Vietnam market expands 23% YoY in September25 October 2018, Published under Cement NewsDomestic cement sales in September rose 23 per cent YoY in September 2018 to 5.313Mt, according to data published by the Vietnam National Cement Association (VNCA). MoM a decrease of two per cent was reported. Of this total, VICEM supplied 1.801Mt as a stand-alone company and an additional 1.532Mt with joint-venture companies. Other cement producers supplied 1.98Mt. Total output from the country’s cement facilities reached 6.209Mt in September, bringing the year-to-date total to 47.534Mt. ... |
GCC announces 11% sales increase for 9M1824 October 2018, Published under Cement NewsMexico's Grupo Cementos de Chihuahua (GCC) has recorded an 11.1 per cent YoY increase in sales to US$677.4m for the first nine months of 2018. EBITDA surged 16.3 per cent to US$198.6m in the same period, while its EBIDTA margin reached 29.3 per cent. In the 3Q18 net sales advanced 10.6 per cent YoY to US$278.6m from US$251.9m. EBITDA was also up 9.2 per cent to US$83.6m, compared with US$76.6m of the year-ago period. "GCC's third quarter and nine-month results show continued success in i... |
Carbon capture bioreactor starts at Fortaleza's Tula plant24 October 2018, Published under Cement NewsMexico’s Universidad Autónoma Metropolitana (UAM) has developed a bioreactor which uses microalgae to capture flue gases from cement companies. The reactor was launched at Cementos Fortaleza’s cement plant in Tula in the country’s state of Hidalgo, where it will pilot the technology at plant level. In the process the exhaust gas from the kiln is passed through a reactor that contains water, nutrients and microalgae that retain carbon dioxide through photosynthesis and convert it to biomass... |
Dangote reports 15% rise in 9M EBITDA23 October 2018, Published under Cement NewsDangote Cement announced a 13.5 per cent rise in group revenues to NGN685.29bn (US$1.88bn) for 9M18 as sales volumes advanced 7.6 per cent to nearly 17.8Mt. Group EBITDA rose 14.6 per cent YoY to NGN337.3bn while EBITDA margins advanced from 48.8 per cent in 9M17 to 49.2 per cent in 9M18. Net profit advanced to NGN158.28bn in 9M18 from NGN154.122bn in the year-ago period. Nigeria In Nigeria sales volumes increased 11.7 per cent to nearly 10.8Mt on the back of a domestic market recovery.... |
Titan Cement moves to Brussels listing23 October 2018, Published under Cement NewsTitan Cement International SA has submitted a voluntary tender offer for the exchange of all ordinary and preference shares issued by Titan Cement Co with new share of Titan Cement International SA to facilitate the listing of the Titan Group in the Euronext Brussels stock exchange, one of the largest EU stock exchanges, according to a company statement. However, the cement producer will maintain a parallel listing on the Athens Exchange and Euronext Paris. The step will support its indepe... |
Bamburi Cement appoints Grace Oluoch as new FCO22 October 2018, Published under Cement NewsKenya-based Bamburi Cement has appointed Grace Oluoch as the company’s new finance director. She succeeds Eric Kironde, who has been Bamburi’s FCO since 2011. “The company is pleased to announce the appointment of Grace Oluoch as finance director,” the Nairobi Securities Exchange-listed company said in a regulatory notice Friday. Ms Oluoch has had a long career with consumer goods giant Unilever holding different roles in South Africa, Ghana, Nigeria and Kenya. |
HeidelbergCement partially adapts 2018 outlook18 October 2018, Published under Cement NewsToday, HeidelbergCement has made a new assessment of the current business year based on preliminary numbers for the 3Q18. Sales volumes and revenue of the first nine months of 2018 developed within expectations and the guidance for the full year remains unchanged. However, the outlook for 2018 is adapted to a low- to mid-single-digit percentage decline (previously: mid- to high-single digit percentage increase). HeidelbergCement said in a statement that: "The reason for the adjustment is... |
Lafarge Africa posts 5% net sales increase18 October 2018, Published under Cement NewsLafarge Africa has recorded a five per cent increase in net sales for the 3Q18 period, rising to NGN72bn (US$198.3m) from NGN68.8bn. In the 9M18, net sales again advanced five per cent to NGN234bn. The positive performance in the third quarter was mainly driven by strong volume growth in Nigeria and favourable pricing trends in South Africa, according to the company. EBITDA for the 3Q18 was up 96 per cent YoY as a result of an improved performance in South Africa, while it fell eight per c... |
Dangote starts work on Niger plant18 October 2018, Published under Cement NewsDangote starts work on the construction of a XOF180bn (US$315.8m) cement plant in Keita, Niger, according to the country’s national TV organisation. The new works will also included a 100MW coal-fired power plant. Dangote Cement Niger was granted approval to carry out research on “coal and related substances” on four permits in the region of Agadez (north) and Tahoua. The new cement facility is scheduled for delivery at the end of 2020 and will have a capacity of 2.5Mta. It is expecte... |
Cemex Spain to close Gádor plant17 October 2018, Published under Cement NewsCemex Spain has announced the closure of its Gádor cement plant, which has been in operation since 1977. The closure of the cement works, announced via an employment regulation fire (ERE) to the works committees at the plant, will see the employment of 100 permanent and 200 temporary workers. The step follows the earlier statement that the company will also end operations at the Lloseta facility in the Balearic Islands. Cemex has said that the restructuring is a result of the current sl... |