Cement News tagged under: Weekly Newsletter
Australia: competition body seeks higher Cement Australia fine07 June 2016, Published under Cement NewsThe Australian Competition and Consumer Commission (ACCC) has appealed against a court ruling imposing fines of AUD18.6m (US$14m) on Cement Australia, one fifth of the level the ACCC had asked for. In September 2013 Cement Australia was found guilty of conspiring to prevent competition in the concrete market when it entered into contracts with power stations in southeast Queensland to acquire fly ash. On 29 April 2016, Australia’s Federal Court levied a fine of AUD18.6m on the company ... |
Holcim Westport land for sale07 June 2016, Published under Cement NewsFollowing the closure of Holcim's Cape Foulwind cement plant in Westport, New Zealand, the plant site and its 400ha of land are for sale. The 60-year old Holcim plant is due to close 30 June 2016 as the company plans to import cement to two new terminals at Auckland and Timaru. The assets available as part of the sale include a quarry, packing plant site, water treatment plant, farm land, staff housing area and ground lease and wharf silos at the Westport harbour. Potential buyers are abl... |
India: UltraTech commissions Pataliputra plant06 June 2016, Published under Cement NewsUltraTech Cement has commissioned its 15th cement grinding unit at Pataliputra cement works, Maksudpur Pargana, dist. Patna, Bihar in 1Q16. The unit will cater to the markets of Eastern India. After commissioning of this unit, the company’s cement capacity stands at 69.3Mta, including the overseas operations. The completion of this project and others during the year ended March 2016 has seen the company adding 6.1Mta through greenfield expansions. Meanwhile, UltraTech Cement is plannin... |
Cemex Holdings Philippines set for record IPO03 June 2016, Published under Cement NewsCemex Holdings Philippines Inc has obtained regulatory approval to launch an initial public offering (IPO) worth PHP39.74bn (US$854.3m), which could be the largest stock market debut in the country. Cemex intends to use proceeds for repayment of up to US$504m of short-term loan from a related party. The debt was incurred in connection with the acquisition of operating subsidiaries—Apo Cement Corp and Solid Cement Corp —as part of a reorganisation. The Securities and Exchange Commi... |
Sri Lanka: LafargeHolcim to exit market03 June 2016, Published under Cement NewsLafargeHolcim is to sell its operations in Sri Lanka - a bagging plant, a grinding plant and the island's only integrated facility - as part of its wider divestment strategy, EconomyNext reports. At least three local firms are though to be interested in bidding for Holcim Lanka, which generated 1.7Mt of sales in 2015 with revenues of LKR23.4bn (US$158m). |
Malaysia: slow cement growth in 201603 June 2016, Published under Cement NewsMalaysia is proving to be a challenging market for Lafarge where it is reported to have seen profits fall by 72 per cent in 1Q16 to US$5m. While this has resulted partly from production issues, it represents a significant fall in sales from a year earlier when profits were up at US$17.9m for the 1Q15. Indications are that Lafarge is not the only producer finding the Malaysian market somewhat challenging at present. Depreciation of the ringitt also saw Cahya Meta Sarawak Bhd (CMS) raise it... |
Philippines: Holcim Q1 revenues up 17.2%31 May 2016, Published under Cement NewsHolcim Philippines have released trading figures for 1Q2016, revealing that revenues have increased 17.2 per cent YoY to PHP10.1bn (US$216m), reports InPR. The company attributed its good performance to higher private spending and to increased government infrastructure investment, of which PHP760bn (US$16.25bn) of funding has been allocated. Holcim Philippines quarterly results showed operating EBITDA rising by 5.3 per cent to PHP2.5bn (US$53m). Holcim Philippines President and Country... |
Tanzania: Tanga Cement to double clinker capacity31 May 2016, Published under Cement NewsThe Tanga Cement Company Limited (TCCL) has announced plans to raise output to 1.2Mt once the new kiln line is operational at its plant in northeastern Tanzania, East African Business Week reports. Construction of the new kiln is to begin shortly and will raise capacity at the Tanga plant from its current level of 0.5Mta. Grinding capacity is already thought to be 1.2Mta, meaning that the plant has had to rely on clinker imports in the past. Speaking at its annual general meeting, Chai... |
Vietnam: production rises 16.1% over first five months30 May 2016, Published under Cement NewsCement production in Vietnam reach 31.4Mt in the first five months of this year, rising 16.1 per cent from a year earlier, the government-run General Statistics Office said. In May the country's cement output is likely to rise 17 per cent from the same month of last year to 7Mt, the office said in a monthly report. In the first four months, Vietnam produced to 24.4Mt, according to revised figures. Vietnam is a leading worldwide cement producer and now has 76 cement production lines with a... |
Pakistan: Fauji Cement silo collapse disrupts production30 May 2016, Published under Cement NewsFauji Cement Company Ltd (Pakistan) has reportedly halted production due to the collapse of the raw material silo at its Jhang Bahtar cement plant in Attock District, Punjab. The 25,000t capacity raw material silo collapsed and also damaged the coal mill building of the plant’s 7200tpd clinker production Line 2, requiring the closure of the line for up to six months until the damage is repaired. The cement mills are unaffected and cement dispatches will continue as normal. According to a ... |