Cement News tagged under: Weekly Newsletter
Vicem reports 10% sales increase in 1H1818 July 2018, Published under Cement NewsVietnam’s Vicem has reported a 10.1 per cent YoY increase in cement and clinker sales for 1H18, with the total 14.7Mt including 11.74Mt of exports. Additionally, the company’s cement and clinker output rose 8.5 per cent and 6.4 per cent to 10.15Mt and 11.56Mt, respectively. It aims to produce a further 5.08Mt of clinker and 6.28Mt of cement in the 3Q18, up 24.7 per cent and 1.4 per cent, respectively, according to the company’s statement. Vicem has targeted over VND37trn (US$1.61bn) of... |
Brazil's cement sales slip 2% in 1H1817 July 2018, Published under Cement NewsFrom January to June 2018, cement sales in Brazil totalled 25.4Mt, down 1.5 per cent YoY, according to preliminary data from SNIC, the country’s cement association. Apparent consumption (domestic sales + imports) totalled 25.5Mt in the six-month period. slipping 1.9 per cent when compared with 1H17. SNIC President, Paulo Camillo Penna, said that the results achieved in the first half were strongly influenced by the truck drivers strike: "We projected an already positive performance in... |
Cement consumption in Peru up 6% in June17 July 2018, Published under Cement NewsPeru’s cement market expanded by 5.7 per cent YoY to 0.865Mt in June 2018 and when compared with the previous month, largely stable, according to the latest data from Asocem, the country’s cement association. Of this total, national deliveries fell by 2.1 per cent YoY to 0.76Mt while imports advanced 147.5 per cent YoY to 0.106Mt. Cement production slipped by 2.5 per cent YoY to 0.79Mt in June 2018 from 0.807Mt in June 2017 while clinker output rose 45.7 per cent from 0.726Mt in June 2017... |
Lehigh Hanson announces US$600m expansion and modernisation project13 July 2018, Published under Cement NewsUS-based Lehigh Hanson Inc has announced a US$600m plan to modernise and expand its plant in Mitchell, Indiana. The project to increase production capacity while significantly reducing energy usage and emissions, is the largest expansion and modernisation that the company has undertaken in North America. "The modernisation of the Mitchell plant will enable us to produce cement more efficiently and sustainably through the use of state-of-the-art technology and the latest in environmental c... |
CTIEC to start Adrar Line 2 procurement11 July 2018, Published under Cement NewsChina Triumph International Engineering Co Ltd (CTIEC) will start equipment procurement for the US$211m second production line of the Adrar plant in Algeria, which is under development by STG Engineering and Real Estate Development Co. FLSmidth, Thyssenkrupp AG and Fives SA are among the likely suppliers, according to Inside International Industrials. The new line will at 4200tpd of cement production capacity to the plant, which was inaugurated in August 2017. Upon completion the extra ou... |
Steppe Cement 1H18 volumes rise by 14%11 July 2018, Published under Cement NewsIn the 1H18 Steppe Cement Ltd sold 738,228t of cement for KZT10,539m (US$30.7m), compared with 650,333t of cement for KZT8553m in 1H17. This represents an increase of 14 per cent in volume and an increase of 23 per cent in turnover over the same period in 2017. The average price for the current period for delivered cement was KZT14,276/t (ex VAT), compared with KZT13,151/t in the corresponding period of 2017. The ex-factory price for the current period was KZT11,560/t, compared with KZT11,... |
Thayet cement plant to become PPP11 July 2018, Published under Cement NewsThe Ministry of Industry (MoI) in Myanmar is inviting 'expressions of interest (EoIs)' from both local and foreign investors to jointly run the state-owned Thayet cement plant in Magwe region under a public-private partnership (PPP), said U Zaw Lin Tun, deputy director of No 2 Heavy Industrial Enterprise under the MoI. Operations have been suspended at the Thayet works, which has been a loss-making plant due to poor technology and its reliance on gas for power has also been an issue, said U... |
Brazilian cement demand falls 20% in May10 July 2018, Published under Cement NewsBrazil’s cement market contracted by 20.3 per cent YoY in May from 4.503Mt to 3.588Mt (excluding imports), according to the latest data published by SNIC, the country's cement association. In the southeast, the largest market in the country, sales fell 17.5 per cent to 1.729Mt from 2.095Mt in May 2017. In the northeast sales decreased 23.2 per cent from 940,000t in the equivalent year-ago period to 722,000t in May 2018. A 20 per cent decline was recorded in southern Brazil with sales down ... |
Dangote to list in London in 2019?09 July 2018, Published under Cement NewsDangote Cement is considering carrying out its long-planned listing of shares in London after the Nigerian presidential and parliamentary elections on 16 February 2019 and state government elections in March as it intends to expand through acquisitions, according to a report in Business Day. "We are working on it and we’ll look at it in 2019," Edwin Devakumar, group executive director at Dangote Industries, said. "We have grown to this extent mostly via greenfield investments. To grow muc... |
LafargeHolcim reviewing sale of Indonesian assets06 July 2018, Published under Cement NewsLafargeHolcim (Switzerland) is considering the sale of its Indonesian subsidiary, Holcim Indonesia, for a total consideration of US$2bn, according to Bloomberg and local reports. The Indonesian cement market has suffered from overcapacity and price pressure in recent years, placing pressure on profit margins. Nevertheless, the long-term potential of the market and Holcim Indonesia’s strong market position make this a significant and surprising move. Potential buyers include China’s major... |