Cement News tagged under: Weekly Newsletter
Cemex and GCC announce offering to sell 23% stake in GCC26 January 2017, Published under Cement NewsCemex, SAB de CV and Grupo Cementos de Chihuahua, SAB de CV (GCC) announced that they will commence offerings that are expected to include an aggregate of up to 76,483,332 shares of common stock of GCC, currently owned by Cemex at a price range of between MXN95.00 to 115.00/share, Cemex currently directly owns 23 per cent of the outstanding share capital of GCC and, additionally, a minority interest in CAMCEM, an entity which owns a majority interest in GCC as a result of GCC’s previously... |
Eagle Materials improves profit by 44 per cent25 January 2017, Published under Cement NewsIncluding its share of the jointly-owned Texas Lehigh Cement, the turnover of Eagle Materials for the first nine months to 31 December 2016 increased by 3.7 per cent to US$1.01bn. The trading profit before corporate overheads showed a strong recovery and rose by 37.5 per cent to US$283.9m, of which cement contributed 44.9 per cent compared with 56.2 per cent a year earlier. The group trading profit was ahead by 42.5 per cent to US$256.1m. After a net interest charge 22.8 per cent higher ... |
Algeria: thyssenkrupp awarded 6000tpd plant order25 January 2017, Published under Cement NewsSociété des Cements Sigus, a subsidiary of Groupe Industriel des Cements d'Algerie (GICA), has placed an order with thyssenkrupp Industrial Solutions for a new 6000tpd plant. The plant will be located in Sigus, Oum El Bouaghi, around 340km east of Algiers. This order follows a previous contract with GICA for a 6000tpd plant which was signed in 2013. The main components of the order include a 1600tph primary crusher, a 500tph secondary crusher for additives, a 75,000t circular blending bed... |
Russia: Sibirsky Cement reports 17% drop in output24 January 2017, Published under Cement NewsProduction at the Russian cement company Sibirsky Cement fell 17 per cent YoY to 3.169Mt in 2016, said the company in a statement. The company attributed to declining sales to contracting domestic demand. Sibirsky expects demand for cement to fall 8-10 per cent to 4.7-4.8Mt in 2017. Output at Topkinsky Cement, Kemerovo region, declined 22 per cent YoY to 2.15Mt in 2016 while Krasnoyarsky Cement saw production slip three per cent to 752,500t. The Timlyuisky plant posted a 10 per cent d... |
UK: Ribblesdale plant begins GBP25m upgrade project23 January 2017, Published under Cement NewsHanson is implementing a seven-year project at Ribblesdale cement works in Clitheroe, Lancashire, to improve production efficiency and emissions. In the first six months of the GBP25m project, GBP11m is being spent on improvements and maintenance to enable the plant to meet and exceed new dust emission regulations. This project represents the plant's biggest capital investment programme since the 1990s and includes a GBP2m replacement of the dust filters on two cement grinding units. Pla... |
Zimbabwe: Redcliff plant complete20 January 2017, Published under Cement NewsChinese firm Mortal Investments Manufacturing has completed the construction of a US$20m cement plant in Redcliff, Zimbabwe. Initial production is slated to commence at the beginning of February, according to Wang Dongning, CEO of Mortal Investments. Mr Wang said they have completed the test run of the plant and were now awaiting the green light from the International Organisation for Standardisation (ISO) and an Environmental Impact Assessment (EIA) from Environmental Management Agency. ... |
Saudi Arabia: Northern Cement profits down 57% in 4Q1619 January 2017, Published under Cement NewsNorthern Region Cement Co reported a 57.3% YoY decline in profits in the fourth quarter of 2016, according to the company's filing to the Saudi Stock Exchange (Tadawul). Profits reached SAR16.91m (US$4.51m), down from SAR39.62m in 4Q15 and -43.8 per cent when compared with the 3Q16. The decline is attributed to lower sales due to intense competition, lower selling prices and reduces volumes. Weaker demand and lower prices have also affected annual results as Northern Cement saw it... |
Peru's sees 3.4% market contraction in 201617 January 2017, Published under Cement NewsCement consumption in Peru fell 5.2 per cent to 836,000t in December 2016, according to Asocem, the country's cement association. Exports decreased 43.5 per cent to 27,000t from 47,000t in December 2015. Cement production in December reached 886,000t, representing a 4.8 per cent decline YoY. For full-year 2016, Asocem reported a 3.4 per cent market contraction from 9.978Mt in 2015 to 9.643Mt. However, Peruvian cement producers found some solace in overseas markets and reported an 11.3... |
Colombia's cement consumption down 4.6% YoY in November16 January 2017, Published under Cement NewsCement demand in Colombia fell by 4.6 per cent in November 2016 to 1.019Mt when compared with November 2015, according to DANE, the country's statistics office. Output decreased by 3.5 per cent to 1.009Mt when compared with November 2015, when production reached 1.045Mt. In Nariño deliveries advanced by 21.1 per cent and in Antioquia by 7.7 per cent. On the other hand, Cesar noted a 29.1 per cent drop, with Santander and Cundinamarca reporting demand down by 18.4 and 15.5 per cent, respe... |
Iran's cement industry is 'behind the times', says minister16 January 2017, Published under Cement NewsAmbitious government plans were set out to boost cement production capacity to 120Mta from the current 80Mta by the end of 2025, as part of ambitious targets set in the 20-Year Vision Plan (2005-25). However, Minister of Roads and Urban Development, Abbas Akhoundi, has cast doubt on the Industries Ministry’s capacity expansion plan due to the persistent market glut and said the Vision Plan target will be “incredibly difficult” to achieve unless the producers’ mindset and domestic ma... |