Cement News tagged under: Weekly Newsletter
Saudi Arabia: sales drop 10%03 October 2016, Published under Cement NewsAccording to a report quoting Yamama Cement data, total cement sales in Saudi Arabia stood at 4.34Mt for the month of August, registering a 10.3 per cent decrease YoY. However, the figure was up 41 per cent on the previous month. Total inventory reached a high of 26.35Mt, representing 45 per cent of the last 12 month's sales. Inventory grew 11.7 per cent YoY and five per cent on the previous month, according to an Al Rajhi Capital report. For the month of August, cement production in t... |
Palestinian Investment Fund new plant project03 October 2016, Published under Cement NewsThe Palestinian Investment Fund (PIF) launched the first phase of its cement plant project this weekend. The PIF's cement plant will be the first in the Palestinian areas. Ceremonies for the occasion were held in Bethlehem under the patronage of President Mahmoud Abbas and in the presence of PIF board chairman, Mohammed Mustafa. The ceremony was also attended by CEO of Sanad Construction Industries Co, Louai Kawas. Sanad Construction is the PIF-owned company in charge of the new cement pl... |
United States: St Mary's Cement secures funding to expand North Michigan plant29 September 2016, Published under Cement NewsSt Mary's Cement, a subsidiary of Brazil's Votorantim Cimentos, has had its application for funding to expand its Charlevoix plant in north Michigan approved by the Michigan Strategic Fund (MSF), according to local news reports. The approval means that the company can access US$150m from the MSF to finance the project to increase capacity at the plant from 1.4Mta to 2Mta. In a statement, Stephen Gallagher, vice president of St Mary Cement Human Resources, said: “St Mary Cement is thril... |
Philippines: Eagle Cement to break ground on Davao plant29 September 2016, Published under Cement NewsEagle Cement has said that it will begin construction work on its new 2Mta cement plant in Davao in the south of the country on 20 October, according to reports in the Business Inquirer. Eagle Cement’s owner, Ramon Ang, first announced plans to expand Eagle’s capacity in June 2015, proposing to build two new plants in Davao and Cebu, as well as expanding the company’s existing facility in Bulacan. Mr Ang said that he expected the facility to begin commercial operations by March 2019. |
Philippines: competition commission probes cement industry28 September 2016, Published under Cement NewsThe Philippine Competition Commission (PCC) has warned cement companies of the repercussions should it violate antitrust laws. PCC Commissioner, El Cid Butuyan, said, "We intend to exercise our enforcement powers in a way that is envisioned under the law, which is a muscular agency, not a paper-pushing, rubber-stamping agency." The agency has decided to investigate the country’s cement industry after a private citizen filed a case. Mr Butuyan said the person in question was a former publi... |
Chile's three largest cement producers sees 1H sales rise 3.7%27 September 2016, Published under Cement NewsChile's top three cement companies - Cemento Melon, Cementos Polpaico and Cementos Bio Bio - recorded a 3.7 per cent YoY rise in sales to CLP339.82bn (USD510.48m) in the first six months of 2016. This represents the lowest growth rate in three years. Cementos Bio Bio's sales increased 6.6 per cent to CLP151.9bn as it was affected by the economic slowdown. Cementos Polpaico posted sales of CLP75.92bn, an advance of two per cent when compared with 1H15, on the back of better pricing as volum... |
Caribbean Cement Co invests US$5.5m to double output26 September 2016, Published under Cement NewsFollowing a US$5.5m investment to increase its capacity, Caribbean Cement Co Ltd has promised its customers that the restricted supply of its cement on the market will be rectified within 72h. The company noted that there had been reports of a flitch in the supply chain to local markets, but this has since been addressed and normal delivery times and volumes have been restored. A statement from Caribbean Cement read, “In recent months the company has embarked on a JAD700m (or US$5.5m) ove... |
Mozambique: cement prices soar23 September 2016, Published under Cement NewsThe price of cement has risen sharply in the northern Mozambican province of Nampula, with retailers across the province charging MZN480 (US$6.30) for a 50kg sack, compared with MZN350 (US$4.50) just three months ago. In July the price rose from MZN350 to MZN380, followed by a further rise in August to MZN450, and to MZN480 at present. Some establishments in Nampula city are even charging MZN500. Worse still, some retailers appear to be illegally altering the weight of the sacks, reported ... |
Spain: Cementos Cosmos Oural plant to open next year23 September 2016, Published under Cement NewsFollowing the decision to reopen the Oural plant in Galicia, Spain, operated by Votorantim Cimentos-owned Cementos Cosmos, after a four-year stop and previously earmarked for closure, the works is scheduled to restart production next year. The reopening of the plant is expected to lead to 40 new jobs at the site in addition to 50 fixed subcontracts and 300 indirect jobs. Some 1800 job applications for the first 25 posts, which include electrical and electronic technicians, mechanical and c... |
Vietnam: Xuan Thanh Cement Phase 2 enters main construction period21 September 2016, Published under Cement NewsThe 4.5Mta Phase 2 project of JSC Xuan Thanh Cement is entering its peak construction period, according to company reports. More than 60 per cent of the mechanical equipment, including a clinker kiln, raw and coal mills, ESPs, bag filters and cooler, has been delivered to the installation site. FLSmidth of Denmark was awarded the EUR100m equipment supply contract. Energy efficiency and state-of-the-art emission and process control systems were a key requirement in the design of the plant... |