Cement News tagged under: Weekly Newsletter
SCG hosts groundbreaking ceremony for Laos cement plant project08 April 2015, Published under Cement NewsSCG has hosted a groundbreaking ceremony for the construction of Khammouane cement plant, its first cement plant in Laos. Present at the ceremony were Pichit Maipoom, President and Vice President - Operations, SCG Cement - Building Materials, Nithi Pattarachoke, Vice President - Domestic Market, SCG Cement - Building Materials, Chanson Senbouttalat, Deputy Minister, Minister of Natural Resources and Environment, Dr Sinnava Souphanouvong, Deputy Minister of Energy and Mines, Odai Sudaporn, V... |
Votorantim announces 2015-18 investment plan03 April 2015, Published under Cement NewsVotorantim Cimentos announces a new investment package which will see BRL5bn (US$1.6bn) invested in five new factories in Brazil, one in Turkey and one in Bolivia, as well as in the expansion and modernisation of existing units in the 2015-18 period. The announcement comes after the company's 2007-14 BRL10bn investment plan through which the company expanded its global production capacity by 51 per cent. In Brazil, the priority is to increase production in the central-north and northeast ... |
Lafarge and Holcim receive clearance from CCI on proposed merger02 April 2015, Published under Cement NewsHolcim and Lafarge yesterday announced they have received clearance from the Competition Commission of India (CCI) on their proposed merger. A package of asset divestments has been agreed with the CCI which involves the sale of the Sonadih cement plant and Jojobera grinding unit both owned by Lafarge. The two plants have a combined capacity total capacity of 5Mta and are situated in eastern India. The groups said in a joint statement that the divestment process will be carried out in the ... |
US shipments reach 88.4Mt in 201402 April 2015, Published under Cement NewsPortland and blended cement shipments in the US and Puerto Rico in 2014 reached 88.4Mt, up by about eight per cent YoY, latest data from the US Geological Survey (USGS) confirms. In December 2014 alone, shipments reached 6.2Mt, a rise of 22 per cent from the level in December 2013. The leading Portland cement-producing states in December were Texas, California, Missouri, Florida and Alabama, in descending order. The leading consuming states (Texas, California, Florida, Ohio and Illinois, ... |
Colombia: Feb cement sales up 6.1%01 April 2015, Published under Cement NewsColombia saw a 6.1 per cent YoY rise in cement dispatches in February as 985,300t of the product were delivered, according to DANE, the national statistics office. The largest increases were experienced in Nariño (+52.1 per cent), Bolívar (+37 per cent), Antioquia (+17 per cent) and Bogotá (7.7 per cent). Production in the second month of 2015 reached 1.034Mt, an 13.3 per cent advance when compared with February 2014. In the 2M15, deliveries increased 10 per cent YoY to 1.913Mt while... |
China Shanshui Cement 2014 revenue reaches CNY15,596m31 March 2015, Published under Cement NewsChina Shanshui Cement Group Ltd, the largest cement enterprise in the Shandong and Liaoning Provinces of China, recorded sales revenue of CNY15,596m (US$2516m) for the 12 months ended 31 December 2014. Gross profit during the year was CNY3347m while profit from operations was CNY1813m. Profit attributable to shareholders was CNY348m. The decrease in profit was mainly due to the fall of selling prices. Zhang Bin, chairman and general manager of Shanshui Cement, said: "Due to the slowdown... |
Buzzi Unicem returns to a net profit30 March 2015, Published under Cement NewsOn a turnover just 0.1 per cent lower at EUR2506.4m, Buzzi Unicem's underlying EBITDA did increase by 7.1 per cent to EUR404.8m in 2014, while at the headline level there was a 4.8 per cent advance to EUR422.7m. Following a 23 per cent reduction in impairment charges, depreciation and amortisation, the trading profit (EBIT) more than doubled from EUR86.5m to EUR178.7m. After a net interest charge 52.1 per cent lower at EUR53.1m, the pre-tax profit jumped from just EUR16.0m to EUR175.6m. A... |
PPC and AfriSam call off merger talks30 March 2015, Published under Cement NewsSouth African cement producers PPC and AfriSam have called off merger talks after they could not reach a consensus on the terms, both the companies said on Friday. Last December PPC confirmed it had received a conditional, non-binding merger proposal from AfriSam. Following "extensive discussion" between the two companies, the parties have not been able to reach consensus on the terms of the merger and therefore have terminated their discussions," PPC said in a statement on Friday. ... |
Dangote Cement pretax profit down 3.2%27 March 2015, Published under Cement NewsDangote Cement's pretax profit fell 3.2 per cent to NGN184.68bn (US$928m) last year due to a gas shortage and the impact of wet weather on construction activity, the company said on Thursday. The company said sales volumes in its domestic market of Nigeria fell 3.2 per cent to 12.87Mt, weaker than the decline in the overall market of 0.8 per cent to 21Mt. Full-year revenues for 2014 climbed to NGN391.63bn during the 12-month period to 31 December, up from NGN386.17bn the previous year, ... |
Cementos Argos readies itself for 'vibrant' US market growth26 March 2015, Published under Cement NewsWith US demand recovery on a roll, Cementos Argos is readying itself for 'vibrant' growth in the years ahead with the group having consolidated its presence in nine strategic states. Last year, Argos recorded historic overall results in terms of both income and EBITDA, which rose above US$2.9m and US$534m (growth of 17 and eight per cent, respectively). The company reported unprecedented consolidated figures in terms of cement and concrete sales volumes, dispatching 12.5Mt of cement and 11M... |