Cement News tagged under: Weekly Newsletter
CEMBUREAU second-quarter report shows slowing GDP momentum across EU30 September 2015, Published under Cement NewsThe latest CEMBUREAU Quarterly Economic Report, published yesterday, highlights that although real GDP has continued to grow in 2Q15, the momentum has slowed compared to the previous quarter (+0.4 per cent vs +0.5 per cent). In this respect, business and consumer confidence indicators have fallen slightly in 2Q but have remained steadily above 2014 levels since January 2015, the European cement association highlights. In terms of construction, the report shows that leading indicators for th... |
Vicat considers extension of Kazakh plant and construction of new terminal29 September 2015, Published under Cement NewsThe Kazakh Vice Minister of Investment and Development of Kazakhstan, Albert Rau, has met with President of Vicat Group, Guy Sidos, and Honorary President of the group, Jacques Merceron-Vicat, to discuss the operation and possible extension of Vicat's existing production plant at Zhambyl. The meeting also announced the construction of a US$10m terminal in Astana in 2016, according to reports by AKI Press. The terminal will also act as a packing plant, research and testing centre. Vi... |
Pakistan cement industry records revenue growth of 3.4% in FY1528 September 2015, Published under Cement NewsPakistan's domestic dispatches grew by 7.9 per cent YoY in FY15 to 28.2Mt, while exports fell 11.6 per cent YoY to 7.2Mt. The drop in exports limited revenue growth in the Pakistan cement sector to 3.4 per cent YoY. Overall profitability increased by 20 per cent YoY in the last fiscal to PKR35.6bn compared with PKR29.7bn in FY14. The outlook on local dispatches remain strong due to the initiation of China–Pakistan Economic Corridor (CPEC) projects and the construction of major dams... |
NCC kicks off Pangasinan plant expansion28 September 2015, Published under Cement NewsNorthern Cement Corp (NCC), part of the San Miguel Corp, has broken ground on the US$200m expansion of its plant in Pangasinan, Philippines. The new project will double the facility's capacity to more than 2Mta. "The economy and infrastructure sector are growing rapidly and by expanding NCC, we are supporting the development efforts of the Philippine government and reducing dependence on imported cement," NCC President Ramon S Ang was quoted in the statement as saying. |
Cemex USA announces divestment in the southeastern United States28 September 2015, Published under Cement NewsCemex USA announced Friday that it has signed an agreement for the sale of its gypsum wallboard business based in Florida to US LBM. The proceeds obtained from this transaction, which will not be for a material amount, will be used mainly by Cemex USA’s affiliates for debt reduction and for general corporate purposes. The transaction is expected to be completed by end-2015. Bank of America Merrill Lynch and Citigroup acted as financial advisors to Cemex in this transaction. |
Siam City Cement to set up Cambodian JV24 September 2015, Published under Cement NewsThailand-based Siam City Cement (SCCC) has approved a plan to set up a joint venture with Chip Mong Group to operate a cement plant in Cambodia. Thailand’s second-largest cement producer SCCC will take 40 per cent equity in Chip Mong Cement Corporation Ltd, the joint venture firm, and Chip Mong Group and three other individuals will hold the majority 60 per cent. The JV firm has a registered capital of US$150m, comprising 75,000 ordinary shares at a par value of US$2000 each. It is expe... |
Spain: cement demand up 5.6% YoY 8M1522 September 2015, Published under Cement NewsSpain’s cement consumption increased 5.6 per cent YoY to 7,397,362t in the first eight months of 2015, according to Oficemen, the country’s cement association. However, this pitches growth just below 1H15 expansion, when demand increased by 8.6 per cent. The small difference has been attributed to a two per cent YoY drop in July and August when compared with 2014. In July consumption contracted by 5.3 per cent to 1,063,274t, the first time since September 2014. The indicator registered 2.2... |
Alkhalij to double its cement capacity22 September 2015, Published under Cement NewsPart of Qatari Investors Group, Alkhalij Cement Company will invest around US$800m in its second production line, which is scheduled to come on-stream in 1Q16. The new capacity will be built to maintain market share and meet the expected rise in cement demand, which has been boosted by major construction and infrastructure projects. Firas Tayssir Ibrahim, chief administration officer of Qatari Investors Group, said: "The unprecedented growth in Qatar's construction remains as the primar... |
Italcementi disposes of WCC stake21 September 2015, Published under Cement NewsItalcementi Group, via its affiliate CimFra (China) Ltd SAS, has disposed of its 5.24 per cent stake in West China Cement (WCC) for an upfront consideration of HKD341m, equivalent to approximately EUR38.5m, subject to later adjustments through a derivative contract with Credit Agricole CIB. The disposal of the minority WCC stake has no impact on EBITDA generation capacity at group level, Italcementi said in a statement on Friday. |
SUEZ and Cemex launch new SRF facility, UK21 September 2015, Published under Cement NewsCemex and international recycling and waste management company SUEZ have launched a new Solid Recovered Fuel (SRF) facility which will supply the Rugby cement plant in the UK with high-specification alternative fuel for the next 25 years. Fernando A Gonzalez, CEO of Cemex and Jean-Marc Boursier, senior executive VP of SUEZ in charge of the Recycling and Waste Recovery division for Europe, along with Richard Dodd, Mayor of Rugby, officially opened the new facility on Friday. The SRF faci... |