Cement News tagged under: Weekly Newsletter
Argentine cement market contracts 3.5 per cent in 201408 January 2015, Published under Cement NewsIn December 2014, Argentina’s cement demand fell 10.4 per cent MoM and 2.5 per cent YoY to 892,313t, according to the latest data from AFCP, the Argentine cement association. The country’s cement producers supplied 905,306t of cement, including exports, registering a MoM drop of 10.4 per cent and 2.4 per cent YoY. For the full-year, domestic demand reached 11,271,399t, down 3.5 per cent when compared with 2013. Imports fell from 5431t to 2499t, down 54 per cent. Argentina producers also... |
South Africa sees pick-up in 3Q cement sales07 January 2015, Published under Cement NewsSouth African cement sales rose by 4.6 per cent to 3.39Mt in the third quarter of 2014 after contracting in the previous two quarters, industry data released by the country’s leading producer shows. However, full-year sales are expected to be lag those achieved in 2013 as a challenging operating environment prevails. Figures posted by PPC show that volumes in the first nine months of the year, excluding imports and exports, were down 1.7 per cent YoY to 8.91Mt versus 9.06Mt in the comparat... |
Semen Indonesia outlines 2015 capex plans07 January 2015, Published under Cement NewsPT Semen Indonesia Tbk has prepared capital expenditures worth IDR7-9trn (US$550m-706m), to fund new plants, upgrades and possibly further international expansion. Of the total, around IDR5trn would be invested in the new plants in Rembang, Central Java, and Indarung, West Sumatra, the company’s finance director Ahyanizzaman told the Jakarta Post. The new plant in Indarung was expected to start operating in the first half of next year, while the plant in Rembang was expected to begin oper... |
Holcim and Cemex close their series of transactions in Europe06 January 2015, Published under Cement NewsHolcim and Cemex today announce the successful closure of their series of transactions in Europe. Holcim acquired Cemex’s operations in western Germany and The Netherlands while Cemex took over Holcim Czech Republic with all its subsidiaries in the country. In Spain, Cemex purchased Holcim’s Gador cement plant and Yeles grinding station, while Holcim keeps its remaining operations. As a result of the transactions, Cemex paid Holcim EUR45m in cash. Holcim said it expects sustainable ad... |
Cemex to increase capacity of Costa Rica cement works19 December 2014, Published under Cement NewsCemex Latam Holdings (CLH) is to increase cement capacity of its plant located in Colorado, Costa Rica by approximately 25 per cent, reaching a capacity of 1.1Mta by 2017. The total investment is expected to be approximately US$35m over a three-year period including the construction of a new grinding mill, as well as several capacity enhancing projects on its clinker production line. “With this increased capacity we will strengthen our position in Costa Rica, reiterating our commitment t... |
Dangote reverses price cut18 December 2014, Published under Cement NewsJust over a month after initiating a dramatic price cut, Dangote Cement has raised prices again in Nigeria. The price of 42.5 grade cement has reportedly increased from NGN1150 (US$6.10) to NGN1567 (US$8.37, excluding VAT). This translates to a 35 per cent rise and taking the price higher than the level before the November cut. Analysts at Morgan Stanley comment that the original decision to drop prices appears to have been prompted by a build-up of stocks that Dangote was unable to se... |
Peru's Gloria Group acquires control of Soboce, Bolivia18 December 2014, Published under Cement NewsPeruvian conglomerate Gloria Group has acquired an outstanding 51.35 per cent stake in Bolivia's largest cement producer Sociedad Boliviana de Cemento (Soboce) for US$300m. Gloria previously held a 47 per cent stake in Soboce, once the flagship of magnate and former presidential candidate Doria Medina, with US$280mn in annual sales. Mr Medina, who lost to President Evo Morales in the October presidential elections, opposed Mr Morales' move to nationalise Soboce's 30 per cent stake in cemen... |
EU clears Lafarge and Holcim merger, subject to asset disposals16 December 2014, Published under Cement NewsLafarge and Holcim have received clearance from the European Commission (EC) for their proposed tie-up, marking a key milestone in the merger process. The decision is conditional upon the divestment of select Lafarge and Holcim operations in Europe which were largely in line with previous company guidance with the exception of a slight change in France. "We are very pleased with the positive decision of the European Commission. It also reflects the quality of the preparatory work perform... |
Guyana’s first integrated plant officially opened16 December 2014, Published under Cement NewsCaricom Cement Company Inc has officially opened the first cement plant in Guyana in the presence of Prime Minister Samuel Hinds. The plant, situated in Everton, East Bank Berbice, has a capacity of 0.5Mta and is located in the same compound as Caricom Cement’s bagging facility. Also in attendance during the opening ceremony, which took place on 13 December 2014, were Irfaan Ali, Minister of Tourism, Industry and Commerce; David Armogan, chairman of Region Six; Roshan Habbibullah, CEO of ... |
LSR to sell Slantsy cement plant to Eurocement15 December 2014, Published under Cement NewsLSR Group is selling its Slantsy plant in the Leningrad region of Russia to the country’s leading cement producer, Eurocement Group. The parties have signed preliminary sales agreement with Eurocement having obtained approval from Federal Antimonopoly Service of the Russian Federation (FAS). Control of plant operations is expected to be transferred later this month. LSR said in a statement on Friday that the deal is part of its strategy to “focus on projects with highest returns on inves... |