Cement News tagged under: Weekly Newsletter
Ohorongo considers TDF use28 November 2017, Published under Cement NewsFollowing the inauguration of its first RDF processing plant earlier this year , Namibia's Ohorongo Cement is now investigating, together with Metallurgical Research and Consulting (METRECO), the use of tyre-derived fuel (TDF) to fire its cement kilns at the Sargberg plant. The step is taken in line with the company’s efforts to replace up to 80 per cent of imported coal with alternative fuels by 2019. “With gas temperatures of up to 2000˚C, the cement manufacturing process guarantee... |
Anhui Conch to resume Indonesian project with US$240m credit27 November 2017, Published under Cement NewsAnhui Conch Cement has issued guarantees for loans likely to include US$90m facility provided by the company’s Indonesian branch, according to Anhui Conch investor relations. This is in addition to the 10-year US$151.5m loan applied for by its subsidiary Pabrik Semen China Conch from the Export-Import Bank of China (EIBC) in support of the planned resumption of the development of Pabrik Semen China Conch in Inobonto, North Sulawesi. The project, which the Chinese cement producer initiated... |
Kohat Cement receives credit for new 7800tpd line27 November 2017, Published under Cement NewsKohat Cement Co Ltd has informed Pakistan Stock Exchange Ltd that a letter of credit for setting up 7800tpd grey cement line has been established. On 6 June 2017 Kohat Cement Co had decided to set up a new 7800tpd cement production line at its existing Kohat plant in Punjab province, along with a waste heat recovery (WHR) power plant. The company currently has a capacity of 2.8Mta of grey cement and 150,000tpa of white cement. The company dispatched 2.08Mt (2016: 2.09Mt) of cement ... |
PPC 1H17 earnings strong on robust Zimbabwe and Rwanda sales23 November 2017, Published under Cement NewsSouth Africa’s PPC Ltd reported in its inaudited 1H17 accounts a 36 per cent YoY rise in first-half earnings, supported by a strong performance in Zimbabwe and Rwanda. Headline earnings per share increased from ZAR0.14 to ZAR0.19 per share. Group revenue edged up one per cent to ZAR5.188bn from ZAR156m in the comparable year-ago period, while EBITDA advanced four per cent to ZAR1.2bn. Volumes sold increased by two per cent to around 3Mt. Net profit attributable to PPC shareholders increas... |
Dangote Cement inaugurates plant in Rep of Congo23 November 2017, Published under Cement NewsDangote Cement will inaugurate its 1.5Mta cement plant in the Republic of Congo on Thursday. The plant is expected to create approximately 1000 jobs and will become Dangote's 10th fully-operational plant in Africa. The US$500m works produced its first bag of cement on 7 August. Unaudited 3Q results show that the new plant has almost doubled the size of the cement sector in Congo, according to Vanguard. Meanwhile, Dangote Cement saw an increase of 7.5 per cent in pan-African cement sal... |
CRH sees a 3% revenue increase in 3Q1721 November 2017, Published under Cement NewsCRH has reported a three per cent increase in revenue for the third quarter of 2017. The group's EBITDA has also risen two per cent YoY for the 3Q. The company’s trading performance has particularly benefitted from underlying growth in the Americas throughout the period. Elsewhere, the 3Q results from Europe have remained positively consistent with the rest of the year while performance in Asia has deteriorated. CRH has announced for the nine months of 2017 ended September, a two per cent... |
Petcoke ban drives India's North American coal imports to new heights21 November 2017, Published under Cement NewsFears that the Indian government may extend the current ban on petcoke use in the New Delhi Capital Region to the entire country has led to a surge in coal imports from North America, reports Reuters. In October India’s coal imports from North America quadrupled to 2.1Mt when compared with the year-ago period, hitting new heights since January 2015. Moreover, ship tracking data on Thomson Reuters Eikon showed that between 1-20 November such imports are already 70 per cent of last month’s ... |
Indonesian cement demand up 13% in October20 November 2017, Published under Cement NewsCement demand in Indonesia in October 2017 and the first 10 months of 2017 has shown sustained robust growth. The Indonesian Cement Association (ASI) and PT Semen Indonesia expect this trend to continue for a further one or two months before the start of the rainy season. In October domestic cement consumption was 6,754,075t, up 12.5 per cent compared to October 2016, according to ASI. In addition, exports were 272,682t, up 39 per cent of which cement exports were 75,671t, a YoY ris... |
Italy's Antitrust Authority approves Cementir Italia sale20 November 2017, Published under Cement NewsThe Italian Antitrust Authority (AGCM) has approved the sale of Cementir Italia and its subsidiaries Cementir Sacci SpA and Betontir SpA to Italcementi. Following the closing of the transaction, which is expected in the first days of January 2018, Italcementi will be required to adopt certain structural remedies, including the divestiture of some plants and behavioural measures. Italcementi will select the facilities to be divested among those identified by AGCM, which has established pre... |
Star Cement announces 90% net profit increase16 November 2017, Published under Cement NewsStar Cement reported a standalone net profit of INR219.9m (US$3.37m) for the 2Q17 period ended 30 September 2017, a 89.9 per cent increase from the INR108m seen in the year-ago period. The revenue for the company fell to INR2.57bn from INR2.89bn in 2Q16. Star Cement reported EBITDA of INR530m for the second quarter of 2017, according to The Economic Times. The cost of expenses decreased to INR2.32bn from INR2.78bn of the corresponding quarter in 2016. In 1H17 the company saw a net profit... |