Cement News tagged under: Weekly Newsletter
Martin Marietta to take over Texas Industries29 January 2014, Published under Cement NewsMartin Marietta Materials, currently the fourth-largest US aggregates producer, is making an agreed, all-share offer for Texas Industries. If concluded, it will leave existing Martin Marietta Materials shareholders with around 69 per cent of the combined equity, with the remaining 31 per cent going to the existing owners of Texas Industries. Martin Marietta will thereby enter the cement industry and the merged entity will control some 400 quarries, pits and distribution points across 36 ... |
Spanish cement demand drops 19% in 201329 January 2014, Published under Cement NewsThe Spanish cement market contracted by a further 19.2 per cent in 2013, bringing national cement consumption to 10.981Mt from 13.597Mt the previous year, according to Oficemen, the cement association of Spain. The country’s cement producers, who experienced the sixth-consecutive year of double-digit decreases, were forced to rein in output by 14.9 per cent, producing 13.17Mt during the year. Exports, which provided a lifeline against slinking domestic sales, saw a notable slowdown in ... |
PPC expansion on track28 January 2014, Published under Cement NewsPPC has said its expansion remains well on track and commissioning of its Rwanda plant is anticipated at the end of 2014. Construction work has also commenced at sites in Ethiopia and the Democratic Republic of the Congo, it added. As part of its local 'Keeping the Home Fires Burning' strategy, in December 2013, PPC acquired a 69.3 per cent stake in Safika Cement Holdings for ZAR377m. "Additional opportunities are currently being pursued and further announcements will be made in the near... |
Vulcan sells cement assets to Cementos Argos24 January 2014, Published under Cement NewsVulcan Materials has agreed the sale of all of its cement activities, as well as certain downstream assets, to Cementos Argos for US$720m in cash. The deal, which is still subject to formal approval, is expected to be completed later during the first quarter. Vulcan will continue to supply aggregates to the assets being sold for a period of 20 years. The assets being deposed of consist of the Newberry, Florida, cement works and cement terminals and griding works at Tampa and at Port Manat... |
Cade likely to impose fine on Brazil producers24 January 2014, Published under Cement NewsBrazil's antitrust watchdog Cade is likely to impose fines totalling BRL3.1bn (US$1.3bn) on six cement producers for alleged market collusion. Late Wednesday, four of five members of the board of Brazil's Administrative Council for Economic Defense, or Cade, voted for the penalties, while the remaining member requested a review of the process. Under the regulator's rules, during the review period Cade members can change their votes. Cade didn't offer a timetable for a final decision. Ac... |
Pakistan 1H export volumes and revenue down22 January 2014, Published under Cement NewsPakistan exports declined both in terms of volume and value in the first six months of the current fiscal, data from the Bureau of Statistics shows. Cement exports totalled 4.206Mt on revenues of US$257.07m compared to 4.681Mt at US$304.31m. This translates into a 10.15 per cent decline in volume and 15.52 per cent fall in dollar value on a YoY basis. In terms of the Pakistan rupee exports were down by 7.41 per cent to PKR26.88bn over July-December 2012 period. The average export price ... |
Moroccan 2013 cement sales decline21 January 2014, Published under Cement NewsCement sales in Morocco showed a 6.3 per cent decline in 2013, reflecting a worsening market contraction. In 2012, sales fell by 1.6 per cent, according to the Association Professionnelle des Cimentiers (APC). The latest figures, which show a 4.4 per cent decline in sales in December come after a November rebound in demand from a 18.63 per cent drop in October. APC Managing Director, Ahmed Bouhaouli, attributes the fall to several reasons. The slowdown in the real estate market, which... |
UltraTech quarterly profit hit by subdued demand20 January 2014, Published under Cement NewsUltraTech Cement, the leading cement producer in India, reported a 38.43 per cent decline in net profit for the last three months of 2013 as sluggish demand leads to a weaker pricing environment. Net profit during the October-December quarter fell to INR370 crore compared to INR601 crore in the same period of 2012. Net sales in the three month period also declined marginally to INR4786 crores compared to INR4857 crore in the comparative quarter the year before. Domestic cement and cl... |
CMS to invest in new grinding plant20 January 2014, Published under Cement NewsCMS Cement, part of the Cahya Mata Sarawak group, has announced plans to invest in a third grinding unit to meet Sarawak's further cement consumption requirements. The new grinding plant will boost capacity by 1Ma to 2.75Mta. It will be established adjacent to CMS Cement's existing clinker plant in Mambong, Jalan Penrissen, according to Richard Curtis, managing director of Cahya Mata. CMS Cement is the only cement producer on Sarawak, one of two Malaysian states on the island of Borne... |
PT Holcim Indonesia 2013 sales dip20 January 2014, Published under Cement NewsPT Holcim Indonesia Tbk reported lower sales volume in 2013, down two per cent to 8.43Mt compared to the 8.58Mt of cement sold in 2012. The company represented 14.5 per cent of the domestic market share, according to the Indonesia Cement Association (ASI) as reported by Kontan. Holcim currently operates cement plants in Narogong in West Java, Cilacap in Central Java and its new Tuban works which opened in 2H13. It has already secured US$315m for a second 1.7Mta line at Tuban, taking the co... |