Cement News tagged under: Weekly Newsletter
McInnis produces first cement21 June 2017, Published under Cement NewsMcInnis Cement announced the production of the first cement on Friday, 16 June 2017, in line with the company’s schedule. “This important milestone marks the work of hundreds of employees, workers and partners who have helped make our plant a performance model for the cement industry, both in terms of productivity and environment,” said Hervé Mallet, President and CEO of McInnis Cement. “With the production of the first cement, our team has commenced the various tests required in our labor... |
CSI and ECRA publishes new technology papers21 June 2017, Published under Cement NewsThe Cement Sustainability Initiative (CSI) and the European Cement Research Academy (ECRA) have released their new "CSI/ECRA Technology Papers 2017" to update the perspective of available technologies for CO2 abatement and energy efficiency in the cement sector. The publication analyses existing and future technologies with potential to increase energy efficiency and decrease CO2 emissions in cement production, and also analyses their costs in typical future cement plants, conditions and exp... |
Taiwan plans to lower cement cap on exports21 June 2017, Published under Cement NewsThe government of Taiwan plans to lower the cap on Taiwan's cement exports from over 20 per cent of total output to 15 per cent to help protect the environment, Vice Minister of Economic Affairs Yang Wei-fuu has said. In response to concerns that the pursuit of aggressive cement export growth has come at the expense of environment, Yang said the ministry is devising an environmental impact assessment (EIA) policy for the development of the cement industry. The policy is scheduled to be co... |
S&P puts Cemex ratings on Watch Positive20 June 2017, Published under Cement NewsS&P Global Ratings has placed its 'BB-' global scale and 'mxA-/mxA-2' national scale ratings on Cemex on CreditWatch with positive implications. The recovery rating on all Cemex's rated senior debt remains at '3', which indicates that bondholders can expect a meaningful (50-70 per cent, in the higher band of the range) recovery in the event of a payment default. S&P writes: "Following our 30 January 2017 upgrade of Cemex, our base-case scenario assumed that the company would remain commit... |
Ecocem launches second UK import terminal20 June 2017, Published under Cement NewsEcocem Ireland has increased its export capacity with the launch of its second UK-based bulk import terminal at Sheerness in the Port of Medway. Ecocem launches second UK import terminal involving an investment of GBP2.5m The import terminal which represents a GBP2.5m (EUR2.8m) investment has been developed in partnership with Peel Ports, to help Ecocem capitalise on the potential to supply the London/south east construction market, the company said in a statement. Its fir... |
Saudi five-month cement sales down 18.7%15 June 2017, Published under Cement NewsSaudi cement sales fell by 18.7 per cent YoY in the first five months of this year to 22.6Mt, while clinker output was down 11.3 per cent, according to the Saudi Cement Sector Monthly by Al Rajhi Capital. Northern Cement and Najran Cement reported the steepest declines during the period, with reductions of 50 and 43 per cent, respectively. Al Rajhi Capital said in the report that demand is unlikely to pick up in the remainder of the year given that construction activity is expected to ... |
Berbera under new management15 June 2017, Published under Cement NewsThe government of Somaliland, an autonomous region of Somalia, has passed over ownership of the Berbera cement plant to a Red Sea Cement, a new company jointly established by the Dahabshiil Group, Berbera Group and the Kuwaiti Kipco. Speaking on behalf of Red Sea Cement, Mohamed Said Duale, founder of the Dahabshiill Group, stated that the new joint venture will start plant rehabilitation activities very soon, Somaliland Press quoted him as saying. Minister of Industries, Shuaib Mohame... |
France to investigate LafargeHolcim Syrian activities14 June 2017, Published under Cement NewsFrance has launched a judicial inquiry into the Syrian activities of cement and construction group LafargeHolcim, a judicial source told Reuters on Tuesday, investigating "the financing of terrorist enterprise" and endangering lives. The appointment of three investigating magistrates, two financial specialists and one specialised in anti-terrorism, follows the opening of a preliminary inquiry last October, the news agency reported. The development does not necessarily mean any person or... |
Indonesian consumption continues to rise14 June 2017, Published under Cement NewsIndonesian cement consumption continued to rise last month, increasing by seven per cent YoY to 5.47Mt, according to latest data from the Indonesia Cement Association (ASI). The advance marks the second consecutive month of growth with demand being supported by a recovery in the property sector and infrastructure development projects. Cement sales grew by 4.1 per cent (YoY) to 25.26Mt over the January-May period. Exports also noted a significant increase, rising to 25,000t in May (+60 pe... |
CEMBUREAU welcomes new President & VP13 June 2017, Published under Cement NewsGonçalo Salazar Leite (Vice Chairman Secil), has been elected as President of CEMBUREAU for a two-year term at the Association's General Assembly held on 9 June in Paris (France) after having completed his mandate of Vice-President over the last two years. He takes over from Mr Daniel Gauthier, former CEO Western Europe-Africa and Member of the Managing Board of HeidelbergCement. In addition, Raoul de Parisot, advisor to Vicat’s Chairman and CEO, has been elected as Vice-President of CEMBU... |