Cement News tagged under: Weekly Newsletter
EUR16m investment in Quinn SRF project16 January 2014, Published under Cement NewsAventas Group, formerly Quinn Manufacturing Group, is to invest EUR16m in an alternative fuels project at its Quinn Cement plant in Ireland. Aventas said it is to convert the 1.4Mta Ballyconnell plant to use solid recovered fuel (SRF) so it can reduce reliance on more expensive high-quality South African coal. According to plant manager, Barry King, the project will reduce carbon emissions by about 20 per cent. Aventas Group chief executive, Paul O'Brien said: "This is the first significan... |
Sephaku launches production at Delmas plant16 January 2014, Published under Cement NewsSephaku Cement began commercial production at its Delmas grinding plant on 6 January 2014 following a successful commissioning phase, Sephaku Holdings has announced. The Delmas plant, situated in east of Gauteng, is expected to ramp up capacity to 1.4Mta by mid-2014. CEO, Dr Lelau Mohuba, said: "This has been a nine-year journey and we are pleased to finally have our cement brand in the market. We are proud of SepCem's highly experienced operational team for attaining this key milestone in... |
Conch expects strong rise in 2013 profit15 January 2014, Published under Cement NewsAnhui Conch, the leading cement producer in China by market value, said it expects a 50 per cent rise in net profit attributable to shareholders for 2013. In 2012, the company posted a net profit of CNY6.31bn (US$1.043bn) with basic earnings per share of CNY1.19. According to a statement filed with the Shanghai Stock Exchange, the company said the improved performance in 2013 was due to steady growth in consumption and a reduction in new capacity coming onto the market. Over the ... |
Indonesia full-year growth rate decelerates14 January 2014, Published under Cement NewsIndonesian cement sales increased by 5.6 per cent in 2013, less than half the rate of growth of 14.5 per cent the year before, due to slower demand particularly in outer Java. Domestic cement sales for the January-December 2013 period reached 58Mt, according to the latest data from the Indonesian Cement Association (ASI). Including imports sales reached 59.5Mt. In Java, sales growth slowed to 7.7 per cent compared to a 14. 6 per cent increase in 2012. “The growth fell drastically in out... |
Full-year Saudi cement sales rise 4%14 January 2014, Published under Cement NewsCement sales in Saudi Arabia increased by four per cent in 2013 to 55.6Mt compared to 53.5Mt in 2012, a report released by local producer Yamama Cement Co has revealed. However a six per cent YoY decline was recorded in December to 4.79Mt, with all but four cement companies reporting a drop in sales. Increases were seen at Madinah Cement (+40 per cent), Arabian Cement (+37 per cent), Northern Province (+22 per cent) and Safwa Cement (+16 per cent). Meanwhile, Al Jouf and Riyadh Cement reg... |
Vietnam cement sales exceed annual target13 January 2014, Published under Cement NewsVietnam cement sales climbed by 13.9 per cent YoY in 2013, exceeding the full-year target by 7.5 per cent, according to the Ministry of Construction (MoC). Latest figures by the MoC show that sales reached 61Mt for the year, including 47Mt of domestic dispatches (up 3.4 per cent YoY) and 14Mt of exports (up by 6Mt). Domestic output, however, is nearly 70Mt and the supply-demand imbalance remains a concern.. Last year the MoC received government approval to cancel nine cement projects, ... |
Semen Indonesia: upbeat on 2014 outlook10 January 2014, Published under Cement NewsPT Semen Indonesia (Persero) Tbk, the holding company for domestic producers Semen Gresik, Semen Padang and Semen Tonasa and Vietnam-based Thang Long Cement, is upbeat on its outlook for 2014 following a positive performance last year. Total group sales, including exports to the end of November reached 23.41Mt, up 14.6 per cent YoY, the company said in a statement. Exports amounted to 317,560t during the period, a staggering 335.3 per cent YoY increase on the 72,950t traded the year befor... |
TXI 2Q sales increase, but net loss widens09 January 2014, Published under Cement NewsTexas Industries, Inc today reported a wider net loss for the quarter ended 30 November 2013 compared to the same period of last year, as a number of non-recurring and short-term factors masked the improvement in both demand and pricing it is experiencing in its markets. The company reported a quarterly loss of US$17.6m, or 62 cents a share, compared with a loss of US$11.1m in the same period a year earlier, or 40 cents a share. The prior-year period included a four-cent loss tied to d... |
US energy efficiency update09 January 2014, Published under Cement NewsUS cement industry energy consumption in 2012 decreased by 2.1 per cent against 2011 levels, the recently released annual Labor-Energy Input Survey by the PCA indicates. This energy decrease occurred despite the third consecutive year of increases in average clinker capacity utilisation rates, the PCA highlights. The use of coal and petcoke, the primary fuels for cement production, declined from 70 to 63 per cent. Natural gas’ contribution to the fuel mix surged from around four per cent i... |
CRH full-year development spend07 January 2014, Published under Cement NewsCRH announced a total of seven acquisitions and investment initiatives in the second half of 2013, taking full-year development activity to EUR0.69bn. The company invested EUR0.22bn in the six months to the end of December last year, including one transaction in Asia, three under its American Materials division and a further three in its Distribution segment. Commenting on the these developments, CRH’s new chief executive Albert Manifold said: “Development spend of almost EUR0.7bn in 2013... |