Cement News tagged under: Weekly Newsletter
Colombia's cement demand falls 5% in August 201724 October 2017, Published under Cement NewsGrey cement consumption in Colombia in August 2017 reached 1.033Mt, down 5.2 per cent when compared with August 2016, according to the national statistics office, DANE. Some 68 per cent of volumes, or 702,300t, were delivered in bagged form. The country's cement producers manufactured 1.035Mt of cement in August 2017, which represents a 8.5 per cent YoY decrease. In the year to date, domestic dispatches slipped 1.3 per cent to 7.961Mt when compared to 8M16 when DANE reported dispatches... |
Ash Grove Cement gives stockholder approval for CRH merger23 October 2017, Published under Cement NewsAsh Grove Cement Company has announced that its previous agreement for the merger with CRH plc, under which CRH plc will acquire Ash Grov Cement, has been approved by stockholders holding more than a majority of the outstanding voting stock, acting by written consent. Following execution of the CRH merger agreement, stockholders representing approximately 63.4 per cent of the outstanding voting stock delivered written consents approving the transaction, of which, consents representing appr... |
Boral to set up new clinker grinding facility23 October 2017, Published under Cement NewsAn application for a new clinker grinding facility at North Shore, Geelong, in Australia's state of Victoria, has been approved by the Environmental Protection Agency (EPA). Boral Cement made an application for the 24h facility in July, which will have an output of 1.3Mta of cement. Boral’s application said clinker would be unloaded from ships and delivered to the site via covered belt conveyors from Lascelles Wharf. Following processing, finished product would be transported to Victoria v... |
Dangote Cement group increases revenues by 37% in 9M1720 October 2017, Published under Cement NewsDangote Cement’s overall group revenue increased by 36.5 per cent from NGN442.1bn (US$1.08bn) in the first 9M16 to NGN603.6bn in 9M2017, despite a 10.1 per cent fall in group cement volumes to 16.5Mt, as the impact of price increases dampened demand in Nigeria. The group’s profit for the period was NGN193.1bn, up 44.6 per cent compared to NGN133.5bn in 2016. “Dangote Cement has continued to perform strongly in 2017 with revenues up nearly 37 per cent despite a fall in volumes. In our key ... |
UltraTech Cement sales pass US$1bn in quarter ended 30 September 201719 October 2017, Published under Cement NewsUltraTech Cement Ltd, an Aditya Birla Group Company, has announced its unaudited financial results for the quarter ended 30 September 2017. Net sales stood at INR68,400m (US$1.051bn) as compared to INR57,080m in the corresponding period of the previous year. Profit before interest, depreciation and tax was INR15,500m higher by 13 per cent than the INR13,780m in the corresponding period of the previous year. Increased depreciation and higher interest cost relating to the acquired cement pl... |
Argentina's demand sees 11% rise in 9M1719 October 2017, Published under Cement NewsArgentina’s cement producers delivered 1,121,311t of cement in September 2017, up 12.6 per cent YoY and 0.8 per cent MoM, according to the country’s cement association, AFCP. Domestic supply was complemented by 10,122t of imports, more than doubling the 4900t imported in September 2016 and seeing a 10.1 per cent MoM increase. This resulted in a total market demand of 1,131,433t, up 13 per cent YoY and 0.8 per cent MoM from 1,001,130t and 1,22,059t, respectively. In addition, domestic ... |
ACC 3Q17 sales volume rises 18%18 October 2017, Published under Cement NewsACC delivered sales volume growth of 18 per cent in the 3Q17 (July-September 2017) compared to five per cent in 3Q16. Sales volume reached 19.29Mt for the first nine months of 2017. The stabilisation of Jamul and Sindri cement plant capacities have contributed to this growth. Premium product sales rose by 18 per cent YoY. "ACC's results demonstrate our capacity to respond quickly and resolutely to changing market dynamics and execute strategies with focus and determination. Our approach... |
Spain's cement industry in drive to reduce CO2 emissions 80% by 205018 October 2017, Published under Cement NewsAccording to a new report by Oficemen, the Spanish cement industry is undertaking steps to reduce its CO2 emissions by 80 per cent by 2050 when compared with 1990 as base year. In its “Roadmap of the Spanish cement industry for the reduction of carbon emissions by 2050”. Conventional means such as increased energy efficiency and co-processing will enable the sector to reduce its CO2 footprint by 35 per cent compared to the base year. The roadmap foresees improvements in thermal efficiency ... |
CILAS sees Biskra plant inauguration18 October 2017, Published under Cement NewsThe new cement plant at Biskra by CILAS was inaugurated on 17 October 2017 in the presence of the Minister of Industry and Jean-Jacques Gauthier, CEO of LafargeHolcim Algérie, among others. CILAS is a joint venture between the Algerian Souakri Group and LafargeHolcim with a 51-49 per cent share split. The new Biskra plant has a production capacity of 2.7Mta and will enable Algeria to be self-sufficient in its cement supply, particularly to the southern part of the country. The project... |
Cemex, Holcim, Cementos Argos face cartel allegations in Colombia16 October 2017, Published under Cement NewsCemex, Holcim and Cementos Argos have 20 days to respond to allegations of cartelisation in the Colombia’s cement market. If the evidence against the companies is found conclusive, they could be subject to fines of up to COP70bn (US$23.9m) per infraction. The investigation started in August 2013 when the Superintendency of Industry and Commerce (SIC) opened an investigation and formulated a statement of objections against Cementos Argos, Cemex, Holcim, Cementos Tequendama, Cementos San Ma... |