Cement News tagged under: Weekly Newsletter
Egyptian Cement Co seeks loan for Sohag plant31 May 2017, Published under Cement NewsEgyptian Cement Co has entered into negotiations with a local banking alliance to obtain a loan of EGP4bn (US$221m) to partly finance the cost of its first plant and construction materials complex in Sohag province. The alliance is made up of the National Bank of Egypt, Banque Misr, CIB and Arab African International Bank, sources told Al Mal newspaper. The details of terms and conditions memorandum are being agreed upon in preparation for addressing other local banks to contribute to ... |
Colombian market contracts 15%30 May 2017, Published under Cement NewsIn April 2017 cement consumption in Colombia fell 14.9 per cent to 0.9Mt from 1.058Mt in April 2017, according to Colombia’s statistics office, Dane. Sales across all distribution channels slipped with construction companies and contractors requiring 19.1 per cent less, ready-mix companies 16.6 per cent lower volumes and a 12 per cent reduction at retail level. In terms of departments, the key regions of Bogotá noted a 15 per cent reduction in demand, Antioquia -9.8 per cent and Santa... |
AfDB provides loan to Diamond Cement Guinée30 May 2017, Published under Cement NewsThe African Development Bank has granted a US$22.5m loan to Diamond Cement Guinéa to finance a clinker production unit. The new 0.5Mta plant will be built in Souguéta, some 200km from Conakry. Clinker from the works will be sent to grinding units in the outskirts of Conakry. According to the agreement, the new unit will help to "reduce the cost of cement production on the one hand and make cement more accessible to the population, while on the other hand, reduce dependence of the Guinea... |
PCA sees 3.5% cement consumption growth annually in next two years25 May 2017, Published under Cement NewsThe Portland Cement Association (PCA) announced it expects US cement consumption to reach 3.5 per cent annual growth during the remainder of 2017 and 2018, based on analysis of data and policies likely to impact the industry in the years ahead. Speaking before the IEEE-IAS/PCA Cement Conference in Calgary, Alberta, Canada, PCA Senior Vice President and Chief Economist, Ed Sullivan, said that while details on specific federal US policies are not yet fully available, the association is ... |
Cimpor EBITDA recovers by 5%25 May 2017, Published under Cement NewsCimpor’s first quarter turnover eased by 0.3 per cent to EUR452.9m, while the EBITDA recovered by five per cent to EUR84.1m. The trading profit (EBIT) improved by 3.1 per cent to EUR36.7m. The net financial charge came down by 18.1 per cent to EUR62.1m to give a pre-tax loss of EUR25.4m, compared with EUR40.3m a year earlier. At the net attributable level there was a loss of EUR34.4m, compared with a loss of EUR40.7m a year earlier. The net debt was 10.7 per cent higher at EUR3,3509m and... |
Pakistan cement exports continue to disappoint25 May 2017, Published under Cement NewsPakistan exported 225,778t cement in April on revenues of US$13.49m, down 25.28 and 18.54 per cent, respectively compared to the previous month. Compared to April 2016, export volumes were down by 49.65 per cent from 507,958t and revenues fell by 49.65 per cent (US$26.31m) a year earlier, data from Pakistan's Federal Bureau of Statistics shows. In the first 10 months of FY16-17, the country exported 3.9Mt of cement at a total value of US$205m, considerably lower than the 5.06Mt at US$274.3... |
Challenging outlook for Lafarge Malaysia23 May 2017, Published under Cement NewsIn the first three months of this year Lafarge Malaysia reported a net loss of MYR48.9m (US$11.4m) compared to a net profit of MYR20.6m for the same period a year ago due to lower operating profit and worsening pricing pressure. The group’s revenue decreased by 16.1 per cent to RM561.9m YoY. “This decrease was mainly attributable to the lower sales contribution from the cement segment due to the soft market demand, coupled with the increased industry capacity and the continued pricing pr... |
Spain's cement market contracts 2.3%23 May 2017, Published under Cement NewsCement demand in Spain fell 2.3 per cent YoY to 917,152t in April, according to data by Oficemen, the country’s cement association. Exports decreased by 5.5 per cent YoY, just surpassing the 0.76Mt mark. In the first four months of the year, domestic consumption increased 9.6 per cent when compared with 4M16, reaching 3,786,705t. However, exports declined 8.6 per cent to 2,855,090t. "The fall in consumption has been motivated, in part, by the calendar effect, since this year in April ... |
LafargeHolcim names new CEO22 May 2017, Published under Cement NewsLafargeHolcim announces the appointment of Jan Jenisch as CEO from 16 October 2017. Jan Jenisch joins from Swiss company Sika AG. Jan Jenisch (50) has been the CEO of Sika AG since January 2012. Under his leadership, Sika, which has a leading global position in the development and production of systems and products for the building materials and automotive sectors, has developed its business in new markets and set new standards of performance in sales and profitability, LafargeHolcim sai... |
FLSmidth wins North African plant project18 May 2017, Published under Cement NewsFLSmidth has won a EUR100m contract to build a 12,000tpd greenfield cement plant in North Africa. The contract includes engineering, equipment supply, construction supervision, commissioning and training and the plant will mainly supply cement to its local market. "We are extremely proud to have been chosen as the preferred supplier of this cement plant. It marks the culmination of a close collaboration between the customer and FLSmidth, enabling us to deliver a state-of-the-art cement pla... |