Cement News tagged under: Weekly Newsletter
Holcim remains committed to Lafarge merger despite SNB move16 January 2015, Published under Cement NewsHolcim said it remained committed to a planned merger with Lafarge despite a move by the Swiss National Bank (SNB) that knocked almost CHF3bn (US$3.45bn) off the Swiss company's market value. In a surprise move, the SNB said on Thursday it would abandon the 1.20 per euro cap on the franc, sparking a near 30 per cent surge in the franc against the European currency and triggering a bout of equity market turbulence. Speaking to Reuters, Holcim declined to comment on the SNB's move or its sha... |
St Marys Cement considers options to enhance capacity15 January 2015, Published under Cement NewsSt Marys Cement Inc, part of Votorantim Cimentos, is considering modernising its cement plant in Charlevoix, Michigan, or reopening its Dixon facility in Illinois, on the back of recovering US demand. Presenting a potential project during a public hearing with the Charlevoix Township Board of Trustees meeting, Marty Fallon, CEO of Votorantim Cement North America/St Marys Cement Inc, said the company is considering a US$130m upgrade to the Charlevoix plant which would increase production c... |
Vicem sales exceed full-year target15 January 2015, Published under Cement NewsState-owned Vietnam Cement Industry Corporation (Vicem) sales rose by 3.2 per cent from a year ago and exceeded the year’s target by 5.7 per cent boosted by higher exports. For the full year, the country’s leading cement producer sold approximately 24.64Mt of cement and clinker. Of the total, 18.68Mt of cement and clinker were sold in the domestic market, down 2.7 per cent YoY, and 3.4Mt were exported, up 54.1 per cent. In 2014, Vicem’s clinker production edged up 0.7 per cent YoY to 16... |
Cameroon: first raw materials arrive at Dangote’s Douala plant14 January 2015, Published under Cement NewsDangote Cement has received the first cargoes of raw materials for its new cement works at Douala, Cameroon. The delivery consists of clinker, gypsum and pozzolan, produced in the 27ha quarry in Tombel, in the south-west of the country. Dangote has an exploitation agreement for five years for the location. Over the past two weeks, the company has been carrying out equipment tests in the new 1.5Mta plant, which represents an investment of XAF50bn (US$90m). |
Saudi monthly cement sales up 17% YoY14 January 2015, Published under Cement NewsSaudi Arabian cement sales in December 2014 rose 17 per cent YoY to 5.59Mt from 4.79Mt in the same month of the year before, latest statistics published by domestic producer Yamama Cement Co reveal. Saudi Cement Co registered the largest sales volume during the month with 785,000t, followed by Southern Province Cement (769,000t) and Yanbu Cement (623,000t). The highest YoY increase in December 2014 was achieved by Najran Cement (+109 per cent), followed by Hail Cement (+48 per cent) and... |
PCA: construction recovery continues to expand13 January 2015, Published under Cement NewsConstruction recovery in the US continues to expand and all regions are expected to participate in 2015, according to the PCA State Construction and Cement Forecast report, 2014-15. Favourable demographics, pent-up demand, and improved confidence will help fuel the stronger relative growth, the association notes. The recently-released state forecast expects the strongest rates of cement growth to occur in the West and South with increases of 7.6 and 7.4 per cent, respectively. The Midwest ... |
Egypt: gas supplies to cement plants replaced by fuel oil13 January 2015, Published under Cement NewsEgypt’s decreased gas output is further squeezing fuel supplies to the country’s cement factories. The Egyptian Gas Holding Co (EGAS) has halted gas supplies to cement plants and redirected them to power plants, Daily News (Egypt) reports. The Al-Qatameya, Helwan and Al-Qawmeya plants have been exempted from the gas cuts as they are directly connected to the Abu Gharadiq gas field, according to the report. Their total gas consumption is 61 cubic feet/day. The cement industry’s total gas co... |
New Guinea-Bissau grinding plant seeks IFC loan12 January 2015, Published under Cement NewsHeidelbergCement subsidiary Scancem, in partnership with Maxime Cardoz, a private investor from Senegal, has applied to the IFC for a loan of EUR11m to help finance Guinea-Bissau's first grinding plant. The Cardoz Cimentos de Bissau project, which is 60 per cent owned by Cardoz and 40 per cent by Scancem, would be located 1.5km from the port of Bissau, a plant location in an area which currently absorbs 50 per cent of the country's cement consumption. The project has an estimated cost of ... |
CRH announces 2014 acquisition spend of EUR0.19bn08 January 2015, Published under Cement NewsCRH announced a total 2014 acquisition and investment spend of EUR0.19bn, reflecting the completion of 21 transactions. On the divestment front, the group undertook 16 transactions and realised total disposal proceeds of EUR0.35bn. Commenting on these developments, Albert Manifold, CRH Chief Executive, said: “In August 2014 we announced a multi-year EUR1.5 billion to EUR2 billion divestment programme; the proceeds of EUR0.35bn generated in 2014 demonstrate that this programme is well underw... |
Hope celebrates second anniversary with major investment08 January 2015, Published under Cement NewsHope Construction Materials is investing GBP14m (EUR17.9m) to boost production at its Hope Works cement plant in the Derbyshire Peak District, UK. The company, which yesterday celebrated its second year of cement production, has kicked off several major capital projects which will help improve the plant’s sustainability, improve the efficiency of the operation and help to secure future supplies for construction. Hope has owned and operated the cement works since January 2013 and has made... |