Cement News tagged under: Weekly Newsletter
Saudi Arabia cement companies see sales and production fall 10%20 September 2016, Published under Cement NewsSales of cement by Saudi Arabian companies declined by 9.93 per cent YoY in August, while production dropped by 10.4 per cent, Mubasher reports. Output for August was 4.3Mt, while deliveries were 4.4Mt. The fall in sales was unevenly distributed, with some companies – notably Riyadh Cement and City Cement – seeing double-digit increases. Of the bigger players, Saudi Cement escaped the worst, with its sales falling by 1.5 per cent, while Yanbu fared particularly poorly, with sales dropping... |
Egypt: Wadi El Nile Cement to upgrade clinker output20 September 2016, Published under Cement NewsWadi El Nile Cement Company (WNCC) has given FLSmidth an order to upgrade its plant from 6000 to 7200tpd of clinker. The order is contained within a new five-year maintenance contract with WNCC for its cement plant located approximately 120km south of Cairo. The arrangement is an extension of the original 2010 contract. "The continuation of the contract is visible proof of the successful partnership we have with WNCC. We have now operated their 6000tpd plant for almost five years. The p... |
New 1.5Mta cement plant for Mali19 September 2016, Published under Cement NewsMali's government and Gaia Equity Ltd have signed on 16 September a memorandum of understanding and an establishment agreement for the construction of a 1.5Mta cement plant in the country. The CFA200bn (US$330m) works will be built Guimbané, Diéma, in the Kayes region. The new plant is part of the government’s efforts to establish an industrial base in the country, according to the Minister of Industrial Development, Mohamed Aly Ag Ibrahim. “… it is a realisation of part of the vision of t... |
Italcementi sells its own shares to HeidelbergCement for EUR40.9m19 September 2016, Published under Cement NewsItalcementi tendered on 19 September 3,861,604 company shares, corresponding to all of its own shares held, for a total of EUR40.9m during the mandatory takeover bid launched by German HeidelbergCement on the shares it did not own in the Italian group. Italcementi shares were bought by HeidelbergCement France at a price of EUR10.6 per share, as provided in the tender documents on Italcementi shares, a joint statement of Italcementi and HeidelbergCement Group said. |
Rwanda: dealers and developers call for Cimerwa price drop19 September 2016, Published under Cement NewsCement dealers and property developers in Rwanda's capital, Kigali, have called on Cimerwa to cut its prices, Rwanda Focus reports. Current prices for a 50kg bag of Cimerwa cement are around RWF11,000 (US$13.68), compared to RWF8500-9000 for imported cement. Busisiwe Maria Legodi, Cimerwa's CEO, said in an interview with Rwanda Focus earlier this year: "People who think that imported cement is cheaper than the one made locally need to look at one thing: what is cheap is cheap because t... |
Indonesia: August surge puts consumption growth back on course16 September 2016, Published under Cement NewsThe Indonesian Cement Association (ASI) reported that cement sales rose by 8.7 per cent from 5.49Mt in August 2015 to 5.97Mt in August 2016. The surge in domestic sales was driven by the implementation of infrastructure projects in the 2H2016. With cement sales in reaching 39.07Mt in January-August 2016 (+3.9 per cent), demand growth is edging closer to the five per cent forecast by ASI. "If this consumption level continues until the end of the year, the national cement consumption growth... |
Ghana: recovery anticipated after cement sales fall 3.1% in 201514 September 2016, Published under Cement NewsThe Business & Financial Times reports that domestic cement sales in Ghana fell to 4.13Mt in 2015, down by 3.1 per cent on the previous year. Cement imports reached 2.62Mt, up 6.2 per cent on 2014. The decline was not due to falling demand but instead reflects the ongoing issues with electricity supply, that has disrupted production. The newspaper quotes sources at two of the domestic producers who noted that production recovered as politicians moved to improve electricity supplies ahe... |
Pakistan: Maple Leaf expansion plans14 September 2016, Published under Cement NewsMaple Leaf Cement Factory Ltd announced that its board of directors has approved an additional dry-process clinker production line (No. 3) at its existing plant site in Iskanderabad District, Mianwali, Pakistan. The new line will operate at a capacity of 7000tpd, pushing grey cement production at the plant to 17,700tpd. The project is expected to cost PKR20bn (US$191m) with aims to be completed within 26 months. This expansion announcement follows an earlier notification that the compan... |
USA: Eagles Materials to buy Cemex Fairborn plant13 September 2016, Published under Cement NewsCemex US has signed a definitive agreement for the sale of its Fairborn (OH) cement plant and cement terminal in Columbus (OH), including a bagging operation to Eagle Materials Inc for approximately US$400m. The 2016 EBITDA for the divested assets is estimated to be US$33m. The proceeds obtained from this transaction will be used mainly for debt reduction and for general corporate purposes. The Bank of America Merrill Lynch is acting as financial advisor to Cemex in this transaction. ... |
Kenya: ARM will look to improve margins13 September 2016, Published under Cement NewsARM Cement posted a pretax loss of KES473.5m (US$4.5 m) in the first six months, which the firm attributed to unrealised foreign exchange losses associated with borrowing for its new clinker plant. Managing Director, Pradeep Paunrana, told Reuters that the new 1.2Mta clinker plant has only been operating at about 75 per cent capacity since production began in April. "What this essentially means is that our production cost has come down drastically because imported clinker is much more expen... |