Cement News tagged under: Weekly Newsletter
McInnis Cement breaks ground on US cement terminal10 August 2016, Published under Cement NewsMcInnis Cement officially broke ground at the new cement company's first US terminal in the Port of Providence. The overall cost of the project is expected to reach US$22m when completed by year-end. Construction will begin shortly on the existing ProvPort warehouse, which will be transformed into a world-class receiving and storing facility. McInnis Cement will also build a modern rail and truck station for loading purposes. “We are proud to commence construction of our first terminal in ... |
Pakistan: northern plants register strong July sales10 August 2016, Published under Cement NewsDomestic cement sales in Pakistan rose 12.38 per cent YoY to 2.018Mt in July 2016 from 1.8Mt in July 2015 as large government-funded infrastructure projects pushed up demand, according to data from the All Pakistan Cement Manufacturers Association (APCMA). The heavy monsoon rains slowed down construction activities in many parts of the country, but analysts said the overall revenue of the domestic cement industry is expected to grow in the coming years on the back of higher sales v... |
Indonesia: Indocement cuts production by 1Mt10 August 2016, Published under Cement NewsPT Indocement Tunggal TBK will cease operations at two production lines at its Citeureup plant due to the national cement excess, resulting in a 1Mta drop in output levels. The fall in cement sales in the country resulted in Indocement seeing its domestic sales volume drop 3.7 per cent to 7.9Mt QoQ in 2Q16. However, exports for the company increased by 190,000t when compared to the same period last year. President Director of Indocement, Christian Kartawijaya, said, “we supply a lot of pr... |
Argentina's cement demand down 20.7%09 August 2016, Published under Cement NewsIn July Argentina's cement demand fell 20.7 per cent YoY from 1,069,622t in July 2015 to 847,684t and slipped 1.1 per cent from the 857,525t recorded in June, according to the country cement association, AFCP. Exports also decreased from 4140t in July 2015 to 3696t one year later. Compared with June 2016, they dropped 26.4 per cent. In the year to date, domestic cement consumption declined 15.2 per cent from 6,946,742t in Jan-Jul 2015 to 5,889,665t in the first seven months of 2016. Argen... |
China: Asia Cement reports 1H16 loss09 August 2016, Published under Cement NewsAsia Cement (China) has released trading figures for the half of 2016, which reveal that the company made a loss of CNY64.6m (US$9.7m) for the period, ET Net reports. In the same six months in 2015, the company had made a profit of CNY9.85m (US$1.5m). The loss comes on the back of revenues that were down seven per cent YoY to CNY2.8bn (US$420m). The fall in profitability was attributed to lower prices and increased costs in servicing US dollar-denominated debts. |
Togo: CIMAF to agree greenfield plant deal08 August 2016, Published under Cement NewsMorrocan-based Ciments de l'Africa (CIMAF) is thought to be on the brink of agreeing to construct a new cement plant in Togo. There are currently four cement producers operating in Togo - WACEM, Fortia, HeidelbergCement, CIMTOGO - but they are expected to be joined by a new entrant if the Togolese authorities can agree terms with another cement manufacturer. According to Togosite, CIMAF plans to build a cement factory in Tabligbo, Yoto Prefecture (80km from Lomé). The capacity of the ne... |
LafargeHolcim 2Q16 results05 August 2016, Published under Cement NewsLafargeHolcim released its second quarterly results today, which reported net sales of CHF7.28bn (US$7.47bn). Adjusted operating EBITDA (excluding merger, restructuring and other one-offs) increased six per cent like-for-like in the quarter to CHF1.7bn (US$1.75bn). Net income increased CHF318m (US$326.5m) to CHF452m (US$464m) for the first half of the year and the group's annual divestment target of CHF3.5bn (US$3.59bn) was exceeded. CEO of LafargeHolcim, Eric Olsen, said, “Our focus on p... |
Siam Cement acquires 65% share in Lafarge Holcim Vietnam05 August 2016, Published under Cement NewsLafargeHolcim Ltd has signed an agreement with Siam City Cement Public Company Ltd f or the divestment of its 65 pe rcent shareholding in LafargeHolcim Vietnam, it said on Thursday. The enterprise value of the deal was CHF867m (US$890.7m), on a 100 per cent basis, the Swiss-French group said in a statement. It said the transaction was subject to customary regulatory and shareholder approvals, as well as to a right of first refusal of LafargeHolcim's joint venture partner, and was expec... |
Titan Cement takes US$100m stake in Brazil's Cimento Apodi04 August 2016, Published under Cement NewsGreece's Titan Cement Group has announced that it is to take a 50 per cent equity stake in Companhia Industrial de Cimento Apodi of Brazil. The deal will see Titan invest an estimated US$100m to become joint owner of the company alongside Brazilian conglomerate the Dias Branco Group. Both organisations will acquire a 50 per cent interest in the cement producer. Cimento Apodi is based in the state of Ceará in northeastern Brazil and operates a grinding plant in Pecém and a new integrate... |
Vicat's 1H16 results in the USA continue to improve04 August 2016, Published under Cement NewsVicat's first half turnover eased by 0.4 per cent to EUR1237m, which amounts to a 4.3 per cent increase on a comparative basis. The EBITDA improved by 2.3 per cent to EUR208m and the margin improved from 16.3 per cent to 16.8 per cent. The trading profit moved ahead by 11.2 per cent to EUR103m, with the underlying margin improving by 16.5 per cent. The net attributable profit improved by 45.7 per cent to EUR49m, while net debt at the end of the period amounted to EUR1059m and the gearing le... |