Cement News tagged under: Weekly Newsletter
Cementos Inka opens Pisco plant10 July 2023, Published under Cement NewsCementos Inka has opened its second plant in Pisco , Peru. The plant strengthens the company’s position to compete in the central and southern part of the country. Christian Pfeiffer supplied its latest grinding technology to the new Pisco plant. In the last 12 months, to May 2023, the national cement dispatch fell seven per cent to 12.7Mt compared to the previous period (June 2021 – May 2022), according to the Association of Cement Producers (Asocem), due to the slowdown self-construc... |
Argentina's cement market expands 1% in 1H2307 July 2023, Published under Cement NewsCement dispatches in Argentina declined by 2.1 per cent YoY to 1,080,422t in June 2023 from 1,104,066t in June 2022, according to the country’s cement association, AFCP. When compared with the previous month, dispatches edged up by 0.8 per cent from 1,071,951t in May 2023. The market was entirely supplied by domestic production – no imports were reported. Total production from Argentina’s cement plants slipped 2.4 per cent YoY to 1,082,990t in June 2023 from 1,109,725t in June 2022. However... |
Sri Lanka agrees maximum price for cement07 July 2023, Published under Cement NewsCement producers in Sri Lanka have reached an agreement with the country’s Minister of Trade, Nalin Fernando, to establish a maximum retail price for a 50kg bag of cement. According to NewsWire, the agreed price has been set at LKR2300/bag (US$7.39/bag). Sri Lanka is currently home to one integrated cement plant and four grinding units, with a total cement production capacity of around 8Mta. |
Morocco's cement market contracts 14% in June06 July 2023, Published under Cement NewsTotal cement deliveries by APC members Asment Temara, Ciments de l’Atlas, Ciments du Maroc and LafargeHolcim Maroc declined 14.4 per cent YoY to 1,052,975t in June 2023 from 1,229,937t in June 2022, reported the country’s Ministry of National Territory Planning, Land Planing, Housing and City Policy, based on APC data. Construction companies reported a 30.6 per cent YoY drop in offtake to 38,702t in June 2023 while the retail sector saw sales fall by 17 per cent YoY to 610,166t. Deliverie... |
Orient Cement sees revenue advance in FY22-2305 July 2023, Published under Cement NewsOrient Cement , part of the CK Birla Group, has reported total income of INR29,375.5m (US$358.2m) in its FY22-23 annual report (FY21-22:INR27,350m). EBITDA over the same period came in at INR3765.6m (FY21-22:INR6006m), with an EBITDA margin of 12.8 per cent, while profit after tax stood at INR1228.2m (FY21-22:INR2633m). Earnings per share over the 12 months were reported at INR5.99. According to Chandrakant Birla, chairman, Orient Cement, “The government’s focus on infrastructure develo... |
Shree Cement reports 18% YoY revenue growth04 July 2023, Published under Cement NewsShree Cement has reported revenue from operations of INR168,374m (US$2055m) in FY22-23 (ended 31 March 2023), up 18 per cent YoY from INR143,060m in FY21-22. EBITDA in FY22-23 came in at INR33,737m, with profit after tax of INR13,281m. The company registered total sales volumes of 31.82Mt in FY22-23, marking growth of 15 per cent YoY. According to the company this growth was driven by increased government spending and higher demand for housing. Cement production in FY22-23 was 31.21Mt,... |
CEMEX's Regenera expands Mexican operations03 July 2023, Published under Cement NewsCEMEX ’s circular waste management business, Regenera, is expanding its operations in Mexico with the opening of a new facility in partnership with leading waste collection company PASA. The partnership between Regenera and PASA will support the Mexican city of Puebla’s efforts to become a zero-waste city. Puebla’s solid municipal waste will be sorted at the new joint facility. After separating out all recyclable waste, the remaining waste will substitute fossil fuels at CEMEX’s nearby... |
Cahya Mata adds new clinker line29 June 2023, Published under Cement NewsMalaysian cement producer Cahya Mata Sarawak Bhd has been given approval to build a 1.9Mta clinker line in Kuching, Sarawak. The MYR750m (US$160.6m) line will have a production capacity of 6000tpd and is expected to take 36 months to complete, reports The Star. The company currently runs 2.75Mta of cement capacity, sufficient to meet Sarawak’s demand of ~1.5Mta. However, the construction of Indonesia’s new capital city Nusantara is expected to see demand in the region reach 21Mta over ... |
TITAN Group completes Kamari plant modernisation28 June 2023, Published under Cement NewsTITAN Group has announced the successful completion of a EUR26m green investment at the Kamari cement plant in Greece, marking a significant milestone in the group's decarbonisation programme. The investment entailed the installation of state-of-the-art precalciner technology, which is now fully operational at the plant. The integration of the new precalciner technology allows TITAN to expand its range of lower-carbon cements, meeting the increasing demand from customers in Europe and... |
Discussions on the Asian cement sector's decarbonisation drive27 June 2023, Published under Cement NewsDiscussions on the Asian cement industry's drive and progress towards decarbonisation are well underway at the Cemtech Asia 2023 conference and exhibition in Hanoi, Vietnam, before an international audience of over 250 cement sector professionals. Cemtech Asia 2023 opens before an international audience of 250 cement industry professionals in the vibrant city of Hanoi, Vietnam Opened in the presence of Pham Van Bac, head of Building Materials Department, Ministry of Con... |