Cement News tagged under: Weekly Newsletter
Vicem sees 3% rise in cement and clinker sales10 January 2018, Published under Cement NewsState-owned Vietnam Cement Industry Corp (Vicem) reported sales of 26.6Mt of cement and clinker in 2017, representing a YoY increase of three per cent. Of the total, 23.6Mt were delivered to the domestic market, up four per cent YoY and a further 3Mt were exported. However, the company saw a five per cent fall in revenues to VND34.16tn when compared with the previous year. The cement producer’s profit increased seven per cent to VND2.85tn. The company contributed VND1.62tn to the stat... |
New 7500tpd line planned for Haripur09 January 2018, Published under Cement NewsPakistan Army's affiliated department Frontier Works Organization (FWO) plans to set up 7500tpd production line at Bandi Muneem, Haripur KPK, Pakistan. The organisation added that the department is in the process to appoint a consultant to render consultancy services for the proposed project. FWO is a major civil engineering construction company of Pakistan, which is expected to use the output of the plant for its own use and for distribution in the local market. Pakistan's ... |
McInnis Cement could be up for sale08 January 2018, Published under Cement NewsA Canadian pension fund has hired advisers to explore the possible sale or partial sale of McInnis Cement, reports Bloomberg. Caisse de Depot et Placement du Québec and its partners have hired advisers to explore options to sell part or all of McInnis Cement. McInnis Cement project was the first new cement plant to serve eastern Canada and New England in more than 50 years when it opened last year. McInnis Cement has a deep-water marine terminal next to the 2.2Mta Port-Daniel-Gascons... |
Argentina's cement consumption up 7% in December 201704 January 2018, Published under Cement NewsThe Argentine cement market expanded 6.8 per cent YoY in December 2017 with demand at 1,004,332t, according to the latest data by the country’s cement association, AFCP. In December 2016 national demand stood at 940,055t. However, when compared with November 2017, the market contracted by 14.9 per cent. Domestic producers dispatched some 990,472t across Argentina, a YoY advance of 5.8 per cent but a MoM drop of 14.9 per cent. These deliveries were supplemented by 13,860t of imports, more ... |
Lafarge Malaysia to step up cost and efficiency drive04 January 2018, Published under Cement NewsFollowing its MYR135m net loss for 9MFY17, Lafarge Malaysia confirmed it will pursue ongoing strategic initiatives to achieve profitability in the near term, according to Focus Malaysia. The company expects to optimise its costs as it plans to source petcoke directly from the Middle East, which is forecast to lead to savings of 5-10 per cent. The current modernisation project at its Rawang works is also expected to contribute to the cement producer’s drive to optimise its assets as it... |
Domicem appoints new CEO04 January 2018, Published under Cement NewsColacem-owned Domicem has appointed Adriano Brunetti as its new CEO as part of the company’s drive to transform into a sustainable cement producer in the Dominican Republic. Mr Brunetti has worked for more than 25 years in Grupo Financo. Sergio Nin Maura, commercial director at Domicem, commented on the appointment: "The appointment of our new director represents a very important step for the entity, since we entrust him with the task of carrying on his shoulders the heaviest burden to ac... |
Pakistan receives a mixed outlook for 201803 January 2018, Published under Cement NewsPakistan’s cement industry is expected to face a series of challenges in 2018 such as decreasing profitability, high interest rates and an increase in coal prices. These factors make a high profit margin for the sector unlikely in the coming years. Reports show that cement bag prices have been placed under pressure by the opening of Cherat Cement’s second production line in the northern region. Alongside this, international coal prices rose by 23 per cent in the first quarter of FY2018 to... |
Mexican cement demand forecast to fall 3% in 201703 January 2018, Published under Cement NewsMexican cement consumption is expected to reach 43Mt in 2017, representing a three per cent YoY decrease when compared with 2016, according to the National Chamber of Cement (CNC). The fall is the first since 2013. The market contraction has been attributed to a weak construction sector and the uncertainty around the NAFTA negotiations. Cement companies were also at the centre of controversy as they increased prices by a total of 10.18 per cent by November, the highest level in a decad... |
Italcementi completes Cementir Italia acquisition03 January 2018, Published under Cement NewsHeidelbergCement subsidiary Italcementi has completed the acquisition of Cementir Italia. All conditions for the closing of the transaction have been fulfilled following the approval by the Italian competition authority. "With the acquisition of Cementir Italia we significantly improve our nationwide presence in Italy," explains Dr Bernd Scheifele, chairman of the Managing Board of HeidelbergCement. "For Italcementi, the acquisition is a unique opportunity to grow and consolidate its posi... |
First bulk cement export from Arzew port performed22 December 2017, Published under Cement NewsLafargeHolcim Algeria celebrated its first export of grey cement from the port of Arzew to a west African country in a ceremony held on 12 December. The ceremony was held in the presence of Mr Jean-Jacques Gauthier, CEO of LafargeHolcim Algeria, Representatives of the Ministry of Commerce, Ministry of Industry and Mines, local authorities and a large delegation. This first cement export consigment sees the shipment of 16,500t of bulk cement from LafargeHolcim's Oggaz plant. The operation... |