Cement News tagged under: Weekly Newsletter
Algeria: Saoura Ciment to build 1Mta works05 June 2014, Published under Cement NewsSaoura Ciment, a subsidiary of GICA, is currently carrying out negotiations with a Chinese partner to realise the Ben-Zireg cement plant, in Bechar, according to its director general. Director, Abdelkader Bouaichaoui, said: "The SSC has recently started negotiations with a Chinese company that made the best financial and technical proposals, to realise this cement plant,." The new plant will have a capacity of 1Mta. It will draw upon the limestone found in Jebel Madjouz and nearby shal... |
Lafarge to merge South Africa and Nigerian units04 June 2014, Published under Cement NewsLafarge has announced it is to consolidate its African operations by combining its businesses in Nigeria and South Africa. Lafarge will transfer its shares in its Nigerian and South African operations into Lafarge WAPCO Nigeria Plc, which will then be renamed Lafarge Africa Plc. The combined entity will have a cement capacity of about 12Mt, as well as operations in aggregates, ready-mix and fly ash. Chairman of Lafarge WAPCO, Chief Olusegun Osunkeye, OFR, OON said the transaction will: "... |
Colombian April demand increases 4.3%04 June 2014, Published under Cement NewsThe Colombian cement market expanded by 4.3 per cent YoY in April 2014 as 0.957Mt were delivered to domestic customers, according to the latest report from national statistics office, Dane. Major dispatch growth was noted in Norte de Santander (35.3 per cent), Huila (18 per cent), Bolívar (10.3 per cent) and Antioquia (6.5 per cent). Córdoba’s cement consumption fell by 30.1 per cent. Grey cement production reached 1.0289Mt in April, registering a 15.9 per cent YoY increase. The rise has... |
Cemex opens new Spanish distribution centre04 June 2014, Published under Cement NewsCemex opened a new distribution centre on Tuesday in Rubi, a city located 25km from Barcelona. Cemex Spain CEO, Jaime Ruiz de Haro, and Rubi Mayor, Carme Garcia cut the ribbon during the official inauguration of the new facility. The center will distribute cement and other materials, allowing the company to serve new customers and markets. "We are the top producer of white cement in the world and the No 3 producer of grey cement, and centres like this allow us to get closer (to our c... |
Fitch: ratings unchanged for Votorantim02 June 2014, Published under Cement NewsAccording to Fitch Ratings, the recent decision by Brazil's antitrust agency, CADE, to stiffen the penalties against Brazilian cement companies allegedly engaged in price collusion presents a significant challenge to Votorantim Cimentos (VCSA), but it will not result in a negative action to its 'BBB' rating. VCSA's Rating Outlook was affirmed by Fitch at Negative on April 8, 2014. This rating action took into consideration the possibility of a negative ruling by CADE. All six of the cemen... |
Eurocement and Sberbank sign agreement29 May 2014, Published under Cement NewsEurocement Group and Sberbank of Russia have signed a cooperation agreement to secure funding for the construction of new plants in Russia. The agreement was signed by Filaret Galchev, Eurocement’s chairman of the board of directors, and Herman Gref, CEO and chairman of Sberbank during the XVIII St Petersburg International Economic Forum. The investment will allow Eurocement to increase its share of dry-process production to 100 per cent by 2018. By the time the programme reaches its conc... |
Cemex releases 2013 Sustainability Report29 May 2014, Published under Cement NewsCemex has released its 2013 Sustainable Development Report, which shows significant progress in major priority areas that align with the challenges of increasing urban populations. During 2013, Cemex worked to conceptualize and develop new products and solutions to promote efficient construction practices, preserve natural resources, lower the carbon footprint of its projects throughout their lifecycle, improve job site safety and foster a strong relationship with its communities an... |
Lafarge sells Ecuador operations28 May 2014, Published under Cement NewsLafarge announced the sale of its cement operations in Ecuador for an enterprise value of US$553m to Union Andina de Cementos SAA (UNACEM). Lafarge Cementos SA operates an integrated cement plant of 1.4Mt of capacity, located in Otavalo, in the North of the country. This divestment will contribute to Lafarge's objective to reduce net debt below EUR9bn in 2014, the group said. Ecuador was one of the countries where the proposed ‘LafargeHolcim’ combination was expected to see considerable... |
Pakistan exports decline in 10MFY13-1428 May 2014, Published under Cement NewsPakistan export volumes and revenues have continued to decline in the first 10 months of the current fiscal, mainly due to a decline in shipments to Afghanistan. On a more positive note, despite the disappointing performance on the export front, utilisation rates have climbed to a five-year high. During the July 2013-April 2014 period, Pakistan exported 6.92Mt of cement on revenues of US$415.03m compared to 7.298Mt at US$468.74m. This translates to YoY falls of 5.18 and 11.46 per cent in t... |
Padang begins construction of Indarung VI28 May 2014, Published under Cement NewsPT Semen Padang, part of the Semen Indonesia group of companies, has launched construction of Line No 6 at its plant in Indarung, just outside the city of Padang in West Sumatra, Indonesia. The new 8000tpd line, the main contract for which was awarded to FLSmdith in December last year, is expected to commence operations in the second half of 2016. State-Owned Enterprises Minister Dahlan Iskan, West Sumatra Governor Irwan Prayitno, PT Semen Indonesia CEO Dwi Soetjipto and PT Semen Padang C... |