Cement News tagged under: Weekly Newsletter
CRH announces completion of Ash Grove acquisition21 June 2018, Published under Cement NewsCHR has now completed the acquisition of Ash Grove Cement Co. The Irish building materials producer announced on 21 September 2017 it reached an agreement to acquire the Kansas-based cement company for US$3.5bn. The US Federal Trade Commission issued its consent order for the deal on 15 June 2018. |
Moroccan cement market contracts 5% in 5M1820 June 2018, Published under Cement NewsMoroccan cement sales fell by 4.8 per cent to 5.76Mt in the first five months of 2018 from 6.05Mt in the 5M17, according to the APC, the country’s cement association. The Casablanca-Settat market was down 6.7 per cent to 1.24Mt, but in Marrakech, the second-largest market. cement sales recovered by 8.4 per cent to 808,561t. Tangier-Tétouan-Al Hoceima saw a 3.3 per cent decrease in dispatches to 735,783t. In Rabat-Salé-Kenitra the market contracted 6.3 per cent to 719,034t. Cement produ... |
State Council confirms penalties issued by SIC to Cemex Colombia20 June 2018, Published under Cement NewsColombia’s State Council has confirmed the COP923m (US$315,784) and COP138m penalties issued by the Superintendence of Industry and Commerce (SIC) to Cemex Colombia SA, according to El Universal. "The ruling reveals the emergence of indications about the existence of market share agreements and the allocation of production quotas between the companies Cemex Colombia SA, Holcim Colombia SA and Argos, which affected the behaviour of prices, the effect of supply and the handling of grey cemen... |
Thai King increases stake in Siam Cement19 June 2018, Published under Cement NewsThailand’s King Maha Vajiralongkorn Bodindradebayavarangkun has increased his stake in Siam Cement Group from 0.8 per cent to 30.8 per cent, and has become the top shareholder. King Vajiralongkorn took over all of the shares previously controlled by the Crown Property Bureau (CPB), an entity that manages royal assets, according to Nikkei. The transfer will not result in any change to the operations of the company. Alongside Siam Cement, King Vajiralongkorn also assumed control over the CPB... |
US Cement receives key permit for white cement plant19 June 2018, Published under Cement NewsUS Cement LLC has received a draft air permit from the Texas Commission on Environmental Quality for a white cement plant near the town of Brady. Groundbreaking for the 0.5Mta facility, which sits on a limestone deposit of 80Mt, is scheduled for the first half of 2019. Part of Royal White Cement, US Cement expects to invest more than US$200m in the plant, incorporating the latest production technology and environmental control systems. Some 300 workers will be needed during the construct... |
Spain’s cement consumption sees 12% YoY in April19 June 2018, Published under Cement NewsSpanish cement demand rose by 11.7 per cent YoY in April, according to the country’s cement association, Oficemen. The growth has been attributed due to a recovery in housing starts, particularly in large cities such as Madrid and Barcelona, which have seen apartment prices rise in the last three years. In the last 12 months up to April, 12.4Mt of cement were consumed in Spain, which represents an additional 1.25Mt when compared with the same period of the previous year. New residential h... |
ACC expects Indian demand to increase by 7% in 201818 June 2018, Published under Cement NewsIndia’s ACC expects the country’s cement demands to grow by seven per cent this year, assisted by infrastructure projects and the continued focus on rural development and affordable housing schemes. However, intense competition and insufficient consumption will lead to excess capacity, according to the producer. "The cement industry had a growth of six per cent in 2017 as against 5.1 per cent in the previous year. Around 66 per cent of its demand came from the housing sector, followed ... |
Lucky Cement charts further growth after releasing 9MFY18 results13 June 2018, Published under Cement NewsLucky Cement is optimistic about future growth for the company, and will rely on exports and its overseas operations to boost sales . The Pakistani cement company achieved an overall growth of 5.6 per cent with total sales volume of 5.84Mt during the current nine months (9MFY18) as compared to 5.53Mt sold in same period last year. While local cement sales volume registered a growth of 16.9 per cent (north 19.7 per cent and south 13.7 per cent) to reach 5.04Mt, as compared to 4.31Mt durin... |
Cameroon's Quiferou to produce cement in Central African Republic13 June 2018, Published under Cement NewsCameroonian company Quiferou has signed on Monday a mining agreement with the government of the Central African Republic (CAR), according to APA. Quifero plans to produce cement at Bomoko, in the southwest of CAR. Quiferou plans to produce 0.35Mta of cement, said Jacquis Pogouya, the company’s CEO. CAR Minister of Mines, Léopold Mboli Fatrane, who signed the agreement, said the agreement is the result of a long process of consideration to produce cement at a lower cost in the country. ... |
Anhui Tongling Conch temporarily suspends three production lines13 June 2018, Published under Cement NewsAnhui Tongling Conch Cement Co Ltd was required to suspend operations of a cargo pier in late May, according to a notice jointly issued by the Tongling Environmental Protection Bureau and Tongling Port and Shipping (Local Maritime) Bureau, China. Since the pier is an important channel for the shipping of cement and clinker products as well as the delivery of raw coal to the company’s cement plant, its suspension has resulted in a temporary halt at three of Tongling Conch’s clinker lines. Th... |