Cement News tagged under: Weekly Newsletter
India: UltraTech confirms US$2.4bn purchase of Jaypee assets01 April 2016, Published under Cement NewsUltraTech Cement has reached a definitive agreement in its deal to buy 21.2Mta of production capacity from Jaiprakash Associates (JAL) at a cost of INR159bn (US$2.4bn). India's Telegraph newspaper reports that UltratTech will acquire existing plants with a capacity of 17.2Mta as well as a 4Mta grinding unit currently under construction. Originally, the sale was to include Jaypee’s 1.2Mta Shahabad plant, but this will now be retained by JAL, which will still have 10.6Mta of production... |
Anhui Conch sees growth in overseas markets01 April 2016, Published under Cement NewsAnhui Conch recently released its FY15 results with an considerable profit fall of 32 per cent. Despite being a leading Chinese cement producer the company has certainly felt the impact of a decline in cement consumption in its domestic heartland. However, the company is already looking overseas in anticipation of better signs from its new outreaches in Indonesia and Myanmar. While there has been a trend for Chinese turnkey suppliers to expand their reach abroad, it has taken longer for t... |
Colombia's cement market expands 6% in Feb 201631 March 2016, Published under Cement NewsColombia's cement consumption in February rose by 6.1 per cent YoY to 1.046Mt from 0.987Mt the previous year, according to the country's statistics office, DANE. Building companies and contractors supported this rise in particular as they bought 15.2 per cent more cement than in February 2014. Ready-mix companies increased their off take by seven per cent while retail saw a 3.3 per cent advance in volumes. In terms of departments, Atlantic saw the largest rises in demand by 22 per cent,... |
PCA revises down 2016 US consumption forecast30 March 2016, Published under Cement NewsCement consumption in the United States will continue to rise by 3.4 per cent, according to a report from the Portland Cement Association (PCA). This is down slightly compared to its autumn forecast of five per cent. PCA expects 2017 cement consumption will grow at a rate of 4.3 per cent. “The new forecast reflects the implementation of the new multi-year highway bill, Fixing America’s Surface Transportation (FAST) Act,” said Edward Sullivan, PCA chief economist and group vice-presiden... |
LafargeHolcim to target emerging markets29 March 2016, Published under Cement NewsLafargeHolcim Ltd is confident that a rally will continue in emerging markets this year. Higher cement buying in countries such as India, Indonesia, the Philippines and Vietnam is offsetting slower growth in China, leaving LafargeHolcim CEO, Eric Olsen, optimistic about continued expansion in markets that represent about 55 per cent of his company’s footprint. Indonesia is certainly one country where the comapny is aiming to thrive. PT Holcim Indonesia has lent IDR200bn (US$3bn) to affil... |
Chad builds second cement factory29 March 2016, Published under Cement NewsChad Prime Minister, Pahimi Padacké Albert, has laid the first stone for the country's second cement plant. The new works will be located in the southwest, at Ngara. Production capacity in the first year is reported to be 0.5Mt, with an option to upgrade to 1Mta. It is forecast that construction works, carried out by a Chinese contractor, will take 12 months and carry a XOF30bn (US$60m) price tag. The new plant will support the country’s cement requirement and follows the unit current... |
Egypt: Arabian Cement's revenue falls in 4Q1528 March 2016, Published under Cement NewsArabian Cement Company (ACC) has described its 4Q15 financial results as "mixed". According to Egypt Daily News, the company added that nothing is alarming with regards to profits, losses, and the operating performance. During the quarter, the company’s cement selling price registered EGP497/t (US$55.89/t), three per cent higher than ACC had previously predicted. However, revenues and profits both declined compared to the previous quarter. The company reported EGP338m (US$38m) in rev... |
Bahrain: 10% stake in Falcon Cement snapped up23 March 2016, Published under Cement NewsAbu Dhabi Financial Group (ADFG) will buy a 10 per cent of Bahrain-based Falcon Cement Company from the Bahraini Islamic investment bank GFH Financial Group. The US$120m integrated cement plant has a production capacity of 0.35Mta, which is expected to rise to 0.85Mta by the end of 2016 after a second production line is added. The plant manufactures ordinary Portland cement and sulphate resistant cement and is located in Hafirah. The deal was carried out through Integrated Capital, the cap... |
Lafarge India initiates sale of cement units22 March 2016, Published under Cement NewsFrench cement-maker Lafarge's India arm has initiated the process of sale of its India business with the appointment of two investment bankers. The business comprising cements plants with a production capacity of 11Mta is valued at about INR110bn (US$1.647bn), the Business Standard reported. Piramal Enterprises, JSW Cement, CRH, KKR and Blackstone are cited as likely buyers, according to the paper. Last month, Lafarge India's entire India business was put on the market after a failed deal... |
HeidelbergCement's refinancing for Italcementi acquisition reduced22 March 2016, Published under Cement NewsHeidelbergCement priced a eurobond issue under its EUR10bn Euro Medium Term Note (EMTN) programme with an issuance volume of EUR1bn and a maturity date of 30 March 2023. The bond was issued at the upper end of the volume and the lower end of the coupon range. Demand was very high, said HeidelbergCement. The bond was more than three times oversubscribed. The proceeds will be utilised for general corporate purposes and especially to prefund the upcoming Italcementi acquisition. Thereby the vo... |