Cement News tagged under: Weekly Newsletter
Vicem sees Jan-Aug sales up 12% YoY12 September 2018, Published under Cement NewsState-owned Vietnam Cement Industry Corp (Vicem) reported cement and clinker sales of 18.88Mt in the first eight months of this year. This represents an increase of 11.5 per cent when compared with 8M17. Clinker production from the company’s cement plants also increased by six per cent to 13.43Mt while in terms of cement, output rose 6.3 per cent to 15.24Mt. In August alone, clinker and cement sales were up 28.3 per cent YoY to 2.57Mt, of which 2.06Mt was exported. Clinker output increas... |
Egypt's National Cement Co goes into liquidation12 September 2018, Published under Cement NewsEgypt's Ministry of Public Sector has announced that the National Cement Co (NCC) has fallen into liquidation. NCC's kiln lines had been shutdown since 31 May 2018. Minister Hisham Tawfik announced that the company had lost EGP900bn (US$50bn) in the past year. The factory is also heavily in debt, owing EGP4.4bn to the Egyptian Natural Gas Holding Co and EGP700m to the Egyptian Electricity Co. In the most recent financial year, the company's losses were the highest among all pu... |
Cement prices fall in Bolivia11 September 2018, Published under Cement NewsCement prices have started to decline in Santa Cruz, Bolivia, as competition intensifies on the back of a slowdown in the local construction sector. Prices have fallen to BOB44-48/50kg bag (US$6.37-6.95) from BOB52-56 per bag in March 2017. The number of construction works in the area is below levels recorded in 2015-16, with large projects delayed, according to Esmerk Latin American News. Cement that cannot be sold domestically is exported to Paraguay. Last year exports to the country re... |
Taiwanese producers record positive August results10 September 2018, Published under Cement NewsTaiwan’s Asia Cement Corp has reported a 31.7 per cent YoY increase in revenue to TWD7.18bn (US$232.9m) for August 2018, alongside a 34.6 per cent rise in Jan-Aug revenue to TWD53.21bn. Elsewhere in the country, Taiwan Cement Corp noted a 54 per cent YoY surge in August revenue to TWD10.7bn from TWD6.95bn. In the Jan-Aug period, revenue reached TWD79.22bn from TWD60.88bn. Furthermore, Hsing Ta Cement saw August revenue up 22.8 per cent to TWD598.64m and Jan-Aug revenue advance 24.9 per ... |
Zimbabwe's cement demand outpaces supply07 September 2018, Published under Cement NewsZimbabwe is facing a cement shortage due to demand temporarily outpacing supply. The Confederation of Zimbabwe Industries (CZI) has demanded answers from the country's cement producers regarding the shortages. "We met the cement producers yesterday and they all said they are operating at full throttle. Sales are going on. Usual informal traders were taking advantage of the situation and hoarding cement for speculative purposes," said Sifelani Jabangwe, president of the CZI. As a result... |
Buzzi Unicem set to acquire 50% of Grupo Ricardo Brennand06 September 2018, Published under Cement NewsBuzzi Unicem has signed an agreement with Grupo Ricardo Brennand aimed at acquiring 50 per cent of BCPAR SA, a subsidiary of Brennand Cimentos, including two integrated cement plants in Paraíba and Minas Gerais, Brazil. The agreement allows Buzzi Unicem to reach a 50 per cent stake in BCPAR SA after acquiring the totality of the shares held by the current minority shareholders, BNDESPAR and FIP MPlus, besides a part of the shares owned by Brennand Cimentos, as well as the underwriting of de... |
Breedon's unaudited 1H18 results see revenues up 16%05 September 2018, Published under Cement NewsBreedon Group Plc's interim results (unaudited) for 1H18 saw revenues up 16 per cent to GBP378.4m (US$378.4m) from GBP326.3m in 1H17. Profit before tax reached GBP30.4m down three per cent on GBP31.2m in 1H17. Net debt stood at GBP383.6m compared with GBP146.8m in 1H17. The company reported that it sold 9.3Mt of aggregates and 1.2Mt of asphalt and 1.6Mm 2 of ready-mix concrete in the period under review. Underlying EBIT stood at GBP42m up 17 per cent on GBP35.8m in 1H17. During the 1H... |
SOBOCE to invest further in El Puente04 September 2018, Published under Cement NewsBolivia’s Sociedad Boliviana de Cemento SA (SOBOCE) is expanding the production capacity at its El Puente cement plant to meet the current and future cement demand in Tarija. The modernisation of the works represents an investment of BOB49m (US$7.1m) to date and started with the installation of a new crusher, pre homogenisation, raw material storage and transport as well as a new 10MW electrical substation. The cement producer will invest a further BOB25m in new bagging and dispatch s... |
Mexican cement prices forecast to rise in 201804 September 2018, Published under Cement NewsCement prices in Mexico are expected to continue their rise this year. Cemex increased its cement price at the start and in the middle of the year by Cemex, "We have announced two price increases so far this year. The increase executed in cement was four per cent in the first six months of the year, compared to the same period of the previous year. In line with what we mentioned at the beginning of the year, we have adjusted our pricing policy to compensate for the impact of inflation," acco... |
Colombian cement dispatches fall 5% in July31 August 2018, Published under Cement NewsColombian cement producers dispatched 990,012t of cement in July 2018, representing a 4.9 per cent YoY fall, according to the latest data from the country’s statistics office, DANE. Of this total, around 524,903t was delivered to the retail segment, which represented a 13.1 per cent drop when compared with July 2017 with a further 233,391t off-take by the ready-mix concrete companies, which represented a 6.8 per cent rise in sales to the segment. Contractors and builders bought 182,283t, ... |