Cement News tagged under: Weekly Newsletter
USA: Ecocem plans face local opposition13 October 2015, Published under Cement NewsIrish manufacturer Ecocem’s plans for a EUR45m (US$50m) grinding works in California have met with opposition from locals concerned about the environmental impact of the plant. Ecocem has filed an application with the City of Vallejo to repurpose a former flour milling site to a US$30m grinding plant which would make it the group’s first venture in the US. Under subsidiary Orcem California, the facility will include silos and truck/rail loading facilities. The project also includes the Val... |
Dangote commissions 3Mta Tanzanian plant13 October 2015, Published under Cement NewsDangote Cement has commissioned its 3Mta Mtwara cement plant in Tanzania and held a groundbreaking ceremony for a 26ha jetty, as the Nigerian cement major continues its expansion drive in Africa and beyond. The new plant is expected to reduce imports into Tanzania as well as bring down prices in the country. The company aims to Tanzania's main consumption centres as well as neighbouring markets. Dangote Cement previously noted that although located near the coast, the plant will be able to ... |
LafargeHolcim welcomes new CFO12 October 2015, Published under Cement NewsLafargeHolcim announces the appointment of Ron Wirahadiraksa as the Group’s new Chief Financial Officer and member of the Executive Committee. Mr Wirahadiraksa will succeed Group CFO Thomas Aebischer who is pursuing new opportunities outside the Group. Mr Wirahadiraksa is currently Executive Vice President and Chief Financial Officer of Philips, a group he joined in 1987. After working in the Netherlands, Greece, Malaysia and the US, he became Chief Financial Officer at LG.Philips LCD in ... |
Preliminary Pakistan data indicates September sales decline08 October 2015, Published under Cement NewsTotal cement industry dispatches in the month of September 2015 have decreased by eight per cent YoY, dragged down by a steep fall in exports, according to provisional cement sales figures. The data from an InvestCap Research report, published in The Express Tribune (Pakistan), indicated that sales were down to 2.9Mt versus 3.2Mt in September 2014. Compared to August 2015, September sales were down five per cent MoM. Demand in the domestic market continued to increase thanks to advances ... |
China Resources Cement issues profit warning07 October 2015, Published under Cement NewsChina Resources Cement (CRC) has said that based on the preliminary assessment of the group’s unaudited consolidated management accounts for the nine months ended 30 September 2015, attributable profit during the period is expected to "significantly decrease" as compared with that of 9M14. The decline is primarily attributable to lower selling prices of cement and clinker in China compared with the year before, as well as the depreciation of Renminbi against other currencies since the begin... |
World Bank/Ecofys affirms sensitivity of cement sector to carbon leakage07 October 2015, Published under Cement NewsWhile other factors such as raw materials, energy, labour and knowledge also have to be considered in terms of carbon leakage, the impact of carbon pricing on a cost-competitive industry such as the cement industry cannot be ignored, according to “State and Trend of Carbon Pricing 2015”, a report published by the World Bank and Ecofys. “However, for sectors producing relatively homogenous products — such as commodities, steel, cement, and electricity — cost competition is crucial. … Often, p... |
Limak embarks on Mozambique plant project07 October 2015, Published under Cement NewsLimak Holding has laid the foundation stone for a grinding and packing plant in Maputo, Mozambique, a move that forms part of the Turkish company's vision to become a global cement player. The new facility is scheduled to come into operation in the first quarter of 2016. The company is also set to lay the foundations for a grinding plant in Cote d'Ivoire next month, according to local press reports. Speaking to International Cement Review in a recent interview , Gültekin Aksüyek, CEO and ... |
Vietnam nine-month sales up 3% YoY06 October 2015, Published under Cement NewsVietnam sold 52.11Mt of cement and clinker in the first nine months of this year, rising three per cent from a year earlier and fulfilling 73 per cent of the whole-year target, the country’s Building Material Department under the Ministry of Construction said. Of the sum, 40.26Mt of cement were sold at the domestic market, up eight per cent YoY, while exports fell 12 per cent YoY to 11.85Mt and fulfilling 62.4 per cent of the full-year target. In September, Vietnam’s cement and clinker ... |
Lafarge Nigeria unit takes control of UNICEM06 October 2015, Published under Cement NewsAn affiliate of Lafarge Africa has completed a 100 per cent acquisition of Nigeria's third-largest cement manufacturer, United Cement Company of Nigeria (UNICEM). Lafarge said its affiliate Nigerian Cement Holdings (NCH), owned a 70 per cent equity in UNICEM before agreeing a deal last November to buy the remaining 30 per cent stake from Flour Mills, Reuters reported. Unicem, which is based at Mfamosing, close to Calabar, southeastern Nigeria. Unicem is building a 2.5Mta line which will br... |
Cementos Molins to enter Colombian market01 October 2015, Published under Cement NewsCementos Molins has signed an agreement to enter the Colombian cement market with local home and construction specialist Corona. The Spanish cement producer plans to build a EUR335m cement works in Antioquia. The plant will have a capacity of 1.35Mta and is scheduled to come online in mid-2018. The production facility will provide 220 direct and 250 indirect jobs during operation and an average of 800 jobs during the construction phase, according to local press reports. |