Cement News tagged under: Weekly Newsletter
CAC disappointed by BC government inaction20 February 2014, Published under Cement NewsThe Cement Association of Canada (CAC) has expressed its extreme disappointment with the decision by the British Columbia (BC) government not to change how the carbon tax is applied to the cement sector in its 2014 budget. "The way the tax is currently structured is jeopardising the sustainability of BC's cement industry," said CAC President and CEO Michael McSweeney, said in a statement. "On behalf of our cement manufacturing members in BC, we want to express our disappointment. The unin... |
Lacklustre start to year for Spain19 February 2014, Published under Cement NewsSpanish cement producers can only hope for a better 2014 as demand figures for January 2014 show a 13.6 per cent fall to 764,011t, according to the country’s cement association, Oficemen. However, the rate of market contraction appears to be slowing somewhat. Over the past 12 months, consumption fell by 18.7 per cent. But recovery seems some time away as the result is worse than predicted. Oficemen had indicated in December that it expects a 7-8 per cent decrease for 2014. |
Buzzi in strategic agreement with W&P Cementi19 February 2014, Published under Cement NewsBuzzi Unicem is paying some EUR22m for a 25 per cent stake in Salonit Anhovo, the leading cement producer in Slovenia with an capacity approaching 1.4Mta and for a 25 per cent interest in Wietersdorfer & Peggauer's Italian subsidiary W&P Cementi. As part of the same deal, Buzzi Unicem is receiving EUR22m from W&P Cementi for the Italian cement major’s 0.3Mta cement works at Cadola (Italy) and the right to acquire the 0.4Mta Travesio (Italy) cement plant within the next five years. ... |
Eurocement deliveries advance 5% in 201318 February 2014, Published under Cement NewsEurocement, the largest building materials group in Russia and the CIS states, reported a five per cent YoY increase in cement deliveries last year, exceeding 2012’s level by 1Mt. The combined production of the group’s 15 cement plants in Russia, Ukraine and Uzbekistan, amounted to more than 24.5Mt in 2013. Among the company’s highlights last year was the launch of its 3Mta state-of-the-art 3Mta plant in the Voronezh region. The company also began the realisation of new manufacturing l... |
Suez Cement inaugurates waste treatment plant17 February 2014, Published under Cement NewsSuez Cement, part of the Italcementi group, inaugurated its first waste treatment plant in Egypt on Sunday with investments totalling around EUR5m. The project is part of the Egyptian-based company's strategy to increase the amount of energy from waste derived fuels. It will use around 45,000t of household waste to produce 35,000tpa of alternative fuel. "The project will use the latest equipment and technologies available in this area," said Egypt's Minister of Environment Laila Eskand... |
Saudi sales slowdown continues through Jan14 February 2014, Published under Cement NewsThe slowdown in Saudi Arabian cement sales continued in January 2014, falling short of analysts expectations. Cement deliveries amounted to 4.62Mt in the first month of the year, compared to 4.74Mt the month before, a recent report by NBK Capital has said. Deliveries in November, and to a lesser extent, December 2013 were effected by the expulsion of 2m illegal expatriate labourers by the government which led to the suspension of construction projects and delays in the transportation o... |
Boral sharply improves net profit12 February 2014, Published under Cement NewsBoral reported that turnover for the six months to the end of December was ahead by 3.6 per cent to AUD2874m (EUR1894m) and EBITDA rose by 16.3 per cent to AUD307m (EUR202m). The trading profit advanced by some 49 per cent to AUD168m (EUR111m) and after a net interest charge six per cent lower at AUD47m (EUR31m) and a higher tax charge, the net attributable profit before exceptional items emerged some 73 per cent ahead at AUD90m (EUR59m). Net debt at the end of December was 7.4 per... |
Brazil Jan cement sales rise 6.8% YoY12 February 2014, Published under Cement NewsPreliminary data and market estimates show that Brazilian cement sales increased by 6.8 per cent in January 2014 to 5.9Mt, latest data from local cement association SNIC shows. Sales for the 12 months between February 2013 – January 2013 totaled 79.4Mt, representing an increase of 2.5 per cent compared to the comparative period of the previous year (February 2012 – January 2013). |
PPC set to enter the Algerian cement market10 February 2014, Published under Cement NewsPPC announced that advanced plans are in place to enter the Algerian cement market through a partnership with Algerian private sector investors in Hodna Cement Company. Hodna will be constructing a 2Mta plant for approximately US$350m in the Hodna area, roughly 300km east of Algiers and close to the university and technology-focused town of Setif. PPC will acquire a 49 per cent stake of Hodna and assume management control which allows for the consolidation of the financial results of thi... |
Buzzi sees advances in Russia and US10 February 2014, Published under Cement NewsItalian cement major Buzzi Unicem saw turnover decline by 2.1 per cent last year to EUR2754m as the company saw another fall in its domestic market of Italy, but Russia and the US were its best performers. Net debt at the end of December was 5.3 per cent below the level seen a year earlier at EUR1066m. Group cement deliveries in 2013 increased by 0.3 per cent to 27.4Mt, but ready-mixed concrete deliveries declined by 5.1 per cent to 12.9Mm³. The underlying EBITDA, which will be announced ... |