Cement News tagged under: Weekly Newsletter
WBCSD: Cement industry leaders announce plans to reduce their emissions by 20-25% by 203008 December 2015, Published under Cement NewsToday, at COP21 in Paris, the cement industry will reaffirm its commitment to help tackle climate change, releasing a set of action plans aimed at reducing carbon emissions by 1Gt by 2030 compared to business as usual, the WBSCD announced. The report identifies the barriers the industry faces, what needs to be done, by whom and when. Peter Bakker, President & CEO of WBCSD, said: “Cement production accounts for approximately five per cent of worldwide man-made CO2 emissions. This collective... |
West China Cement becomes the 6th Chinese company to join the CSI07 December 2015, Published under Cement NewsWest China Cement Ltd (WCC) has become the sixth Chinese company to join the Cement Sustainability Initiative (CSI). WCC is the leading cement producer in Shaanxi Province, China, with its headquarters in Xi'an, a key gateway to the western region of China. In recent years, WCC has acted as a consolidator of cement assets in Shaanxi province and has also expanded production into both Xinjiang and Guizhou Provinces in western China. The group has a current annual capacity of 29.2Mta of cem... |
Egypt: Arabian Cement Co reports rise in 9M15 volumes but lower prices03 December 2015, Published under Cement NewsArabian Cement Co (ACC) of Egypt reported a four per cent decline in revenues to EGP1711m (US$219m) for the first nine months of 2015, due to a 12 per cent decline in prices which was partially offset by a nine per cent increase in volumes. Cost per tonne stood at EGP329/t less than the EGP352/t recorded in 9M14. The cost reduction is due to less imported clinker and enhanced energy efficiency. Meanwhile, cost per tonne for the 3Q15 was reduced by 12 per cent YoY to EGP308/t. EBITDA st... |
Pakistan cement exports up on MoM basis03 December 2015, Published under Cement NewsPakistan exports increased by 6.6 per cent in October on a month-on-month (MoM) basis to 534,889t on revenues of US$29.72m (+5.66 per cent MoM), according to the country's Federal Bureau of Statistics. However, compared to October 2015, there was a decline of 25.19 and 27.97 per cent in terms of volume and value, respectively. During the first four months of FY15-16, cement exports amounted to 2.069Mt at US$117.47m, recording a fall of 34.1 per cent and 36.18 per cent in terms of qua... |
LafargeHolcim CMD: confident message from management02 December 2015, Published under Cement NewsLafargeHolcim hosted a Capital Markets Day (CMD) in London yesterday where management confirmed the group’s CHF8bn 2018 EBITDA target, its capital allocation strategy and FCF focus. During the event, management – led by new CEO Eric Olsen – presented its strategic objectives and approach for unleashing potential to extract maximum value from its portfolio. Top priority for the group is generating CHF10bn FCF in 2016-18. The key drivers for this are: improvement in EBITDA to CHF8bn by 2... |
Indonesia October sales support full-year forecast02 December 2015, Published under Cement NewsIndonesian consumption figures in October 2015 showed a huge sales volume gain over the same month of the previous year, but year-to-date figures are just slightly higher due to poor sales during the earlier months of this year. Domestic demand rose by 10.2 per cent YoY in October 2015 to 6.348Mt. Meanwhile, cement exports were 57,000t (+694.1 per cent) and clinker exports doubled to 56,000t. Total sales (domestic plus exports) during the month were 6.421Mt – translating to a rise of 1... |
SCG anticipates challenging 2016 start02 December 2015, Published under Cement NewsNext year is expected be challenging for Siam Cement Group’s Cement and Building Materials, as the domestic market is facing the threat of new supply, according to management. Bualuang Securities hosted the SCG Dinner Talk on Friday, the key speakers of which were SCC's next CEO, Roongrote Rangsiyopash (effective January 2016), and CFO, Chaovalit Ekabut. During the event, management said domestic demand for cement in 1H16 is not expected to grow strongly enough to absorb new supply from T... |
Standard & Poor's Ratings puts West China Cement on CreditWatch positive01 December 2015, Published under Cement NewsStandard & Poor's Ratings Services said that it had placed its 'B+' long-term corporate credit rating and 'cnBB' long-term Greater China regional scale rating on West China Cement Ltd (WCC) on CreditWatch with positive implications. At the same time, it placed our 'B+' issue rating and 'cnBB' long-term Greater China regional scale rating on the company's outstanding senior unsecured notes on CreditWatch with positive implications. "We placed the ratings on CreditWatch because we believe t... |
PCA: cement segments show mixed growth in 2Q1501 December 2015, Published under Cement NewsGrowth among end-use cement segments was mixed as 10 of the 18 segments tracked recorded volume gains in the second quarter of 2015, according to the latest PCA Survey of Portland Cement Consumption by User Group. Non-traditional paving (soil cement, roller-compacted concrete, and full-depth reclamation) – a segment in the forefront of PCA’s promotional efforts – jumped 29 per cent in the 2Q15 compared to the same period in 2014, resulting in a 39 per cent year-to-date increase. Other mar... |
Industry: Vietnam Jan-Nov cement output +10.3% to 61.2Mt30 November 2015, Published under Cement NewsVietnam is estimated to have produced 61.2Mt of cement in the first 11 months of this year, up 10.3 per cent from a year ago, the government-run General Statistics Office said. In November, output amounted to 6.5Mt, up 10.2 per cent YoY. In the first 10 months, the country’s cement production hit 54.7Mt, according to the revised figure. The country’s sales of cement and clinker is ancitipated to rise 1.5-4 per cent YoY to between 72-74Mt, of which domestic sales will rise 4.5-6.5 per cent ... |