Cement News tagged under: Weekly Newsletter
USA: Elementia acquires 55% stake in Giant Cement02 December 2016, Published under Cement NewsElementia, SAB de CV has announced that its Board of Directors has given its final approval for the completion of the acquisition of a 55 per cent stake and full control of Giant Cement Holding Inc, USA. Elementia will acquire the controlling stake from Cementos Portland Valderrivas SA for US$220m. Elementia used proceeds obtain from he capital increase through a Rights Offering to complete the US$220m deal, resulting in an implied equity value of US$400m. The company then granted Giant C... |
Egyptian government announces award of three new plant licences01 December 2016, Published under Cement NewsThe Egyptian Industrial Development Authority has today announced that three firms have been successful in their bids to build new cement plants, local media reports. The licences, which will permit the construction of new integrated works with between 1.5 and 2.0Mta capacity, were awarded to El Sewedy Cement, South Valley Cement and a third firm, identified in the article as Egyptian Cement. El Sewedy, which currently has around 2.3Mta of cement capacity, will be permitted to build a ... |
Cementos Moctezuma completes second line at Apazapan01 December 2016, Published under Cement NewsCementos Molins and Buzzi Unicem's Mexican joint venture, Cementos Moctezuma, announced that construction of the second production line at its Apazapan plant in Veracruz state has now been completed. The new line will fully enter operation on 15 December, when the mill is commissioned. The project, financed by the company through its own resources, represents an investment of US$23m. It will enable output at the works to rise by 20 per cent and increases capacity from 1.3Mta to 1.4Mta. |
EU urged to end carbon credits system30 November 2016, Published under Cement NewsCarbon Market Watch is urging EU lawmakers to abolish the carbon emissions trading scheme (ETS) after it was revealed that cement producers took EUR5bn windfall from scheme between 2008 and 2015. The watchdog used analysis by consultancy CE Delft and delved into the leading cement producers annual reports to find out the financial benefit of the ETS to cement producers. Companies like Lafarge, HeidelbergCement and Cemex profited from selling carbon allowances they received for fr... |
Nigeria: UNICEM Mfamosing's second line commissioned30 November 2016, Published under Cement NewsUnited Cement Co of Nigeria (UNICEM) commissioned its new line at Mfamosing, Cross River State, in September 2016. Loesche has since announced its scope of supply for the project, including the LM70.4+4CS, its largest VRM built for grinding clinker. With a pre-existing 2.5Mta capacity, UNICEM contracted Loesche to extend the plant with a further two vertical roller mills. A type LM60.4 mill was installed for the grinding of raw material at a rate of 500tph and the LM70.4+4CS which is desi... |
Tanzania: Lake Cement plans new plant in Bagamoyo29 November 2016, Published under Cement NewsLake Cement Ltd announced it will invest US$150m in a new cement plant in Bagamoyo, Pwani Region, Tanzania, with a production capacity of 1.4Mta. Construction is due to commence mid-2017, with completion expected to take approximately two years. The plant will use limestone sourced from the project area. Lake Cement also operates a 1Mta plant in Kimbiji, Kigamboni District. The Kimbiji plant’s product is sold countrywide, as well as exported to Rwanda, Burundi and the Democratic Republic ... |
India Cements receives stay on CCI fine29 November 2016, Published under Cement NewsIndia Cements received a stay order following its appeal of the decision made by the Competition Commission of India (CCI) to impose a INR1.87m fine on it for unfair pricing practices. On 31 August, CCI imposed penalties of around INR67bn on 10 cement companies and the Cement Manufacturers’ Association for cartelisation. COMPAT imposed a condition that India Cements would have to deposit 10 per cent of the penalty in the registry of the tribunal in the form of six-month fixed deposit with... |
Canada: first shipment at McInnis Cement25 November 2016, Published under Cement NewsMcInnis Cement has taken delivery of its first shipment of raw materials for its 2.5Mta Port-Daniel-Gascon plant. The vessel Algoma Mariner delivered to the Port-Daniel terminal, Canada, 19,000t of gypsum from National Gypsum at Halifax, Nova Scotia. The terminal is scheduled receive an additional four shipments of raw materials and fuel for the new cement plant by mid-December. Construction on McInnis Cement has been completed close to 75 per cent and is expected to deliver its first ... |
Moroccan cement demand up 8.4% YoY Oct 201625 November 2016, Published under Cement NewsMoroccan cement sales increased 8.4 per cent in October 2016 when compared with the previous year. In the first 10 months of 2016, cement sales in the kingdom edged up by 0.9 per cent, according to the Directorate of Financial Studies and Forecasting (DEPF), Ministry of Economy and Finance. Real estate loans were up 2.4 per cent to MAD246.4bn (US$24.4bn) at the end of the first nine months of 2016, an improvement when compared with the 2.2 per cent increase noted in 9M15. |
USA: preliminary September cement shipments total 8.78Mt24 November 2016, Published under Cement NewsPreliminary data published by the US Geological Survey (USGS) concerning US shipments of cement in September 2016 estimates that Portland and blended cement consumption fell to 8.78Mt for the month, down from the month prior when total shipments reached 9.4Mt. Of the 8.78Mt total, foreign imports accounted for 1.04Mt. For YtD, end-September, US shipments of cement were estimated at 70.38Mt. Total shipments of finished Portland cement are noted at 8.56Mt, with 74,878t exported to foreign c... |