Cement News tagged under: Weekly Newsletter
Spanish cement demand slips 0.4% in October01 December 2022, Published under Cement NewsCement demand in Spain has edged down by 0.4 per cent YoY to 1,264,554t in October 2022, according to the country’s cement association, Oficemen. The fall represents a six-month decline since May. Exports from Spain were down 22 per cent YoY in September, resulting in a 20 per cent drop in the year to date of 20 per cent. Imports decline by 55 per cent YoY on the back of falling domestic consumption, but in the year to date they have increased 14.5 per cent YoY. “In the first 10 months... |
Akcansa Cimento appoints new general manager01 December 2022, Published under Cement NewsAkçansa Cimento , a joint venture between Sabancı Holding and Heidelberg Materials , has appointed Vecih Yılmaz as its new general manager. Mr Yılmaz replaces Mehmet Zeki Kanadikirik, effective from 1 December 2022. “As of today, we are experiencing a change of flag at Akçansa, which sets a model for its industry, inspires its stakeholders and puts the bright future of our country ahead of all its goals. Vecih Yılmaz, who has many years of experience in our group and has implemented ma... |
Attock Cement's new line to start at end of FY2330 November 2022, Published under Cement NewsThe management of Attock Cement Pakistan Ltd (ACPL) has announced that its new 4000tpd (1.2Mta) line will come online by the end of FY22-23. Top managed disclosed this at an analyst briefing held to discuss the recent financial performance and give an outlook of the company in the future, according to a report of AHL Research. The total expansion cost at Balochistan is estimated to be over PKR15bn (US$66.82m) and will be financed with a combination of debt and equity. Earlier, ACPL ins... |
CMA suspends trading of shares in Raysut Cement28 November 2022, Published under Cement NewsThe Capital Market Authority (CMA) has suspended the trading of shares in Oman-based Raysut Cement SAOG after material misrepresentations were spotted in the company’s unaudited financial reports for the second quarter of 2022, published on 10 November 2022. According to the Oman Daily Observer, the misrepresentations were picked up during an audit of the results as they were inconsistent with international accounting standards and therefore the results do not reflect the real financial... |
European construction outlook revised down for 202325 November 2022, Published under Cement NewsThe outlook for Europe in 2023 remains challenging and unpredictable after a better than expected 2022, according to CIC Market Solutions. Citing recent data from Euroconstruct, the materials, construction and infrastructure sector in the EU-15 plus four Eastern European countries is now expected to expand by just 0.2 per cent next year, but this has been revised down from growth of 2.3 per cent forecast in June 2022. The UK market is expected to be particularly hit with a decline of 0.4 per... |
Vietnam market expands 5% in October25 November 2022, Published under Cement NewsCement sales in Vietnam saw a five per cent increase to 5,376,495t in October 2022 when compared with October 2021, according to the Vietnam National Cement Association (VNCA). Of this total VICEM reported a four per cent uptick YoY to 1,805,791t while other VNCA members increased their deliveries at the same rate to 1,200,704t. Vietnam’s other producers saw a five per cent advance YoY to 2,370,000t in October 2022. However, exports halved to 2,106,653t in October 2022 when compared with... |
Breedon on track to deliver record earnings25 November 2022, Published under Cement NewsBreedon Group reported that trading conditions remained supportive in the second half, enabling the company to fully recover rising input costs through robust pricing and disciplined cost management. In the four months to October 2022 group revenue expanded by 16 per cent YoY, resulting in a revenue of GBP1186m in the year to date, up 14 per cent YoY and 12 per cent on a like-for-like basis. In Great-Britain the group delivered a strong operational performance and advanced strategically.... |
CEMBUREAU calls for "thorough debate" on CCUS24 November 2022, Published under Cement NewsAlthough there has never been a more exciting time for carbon capture, EU policies need to provide a predicable regulatory framework and allow for a strong business case, according to Koen Coppenholle, CEO of CEMBUREAU. Recent months have seen significant headway in carbon capture, utilisation and storage (CCUS) in the EU, with a large number of pilot and demonstration projects launched, some of which are expected to be operational by 2024. Politically, carbon capture is also gathering mo... |
Titan America completes conversion to low-carbon cement22 November 2022, Published under Cement NewsTitan America LLC is proud to announce the full conversion of its cement plants to the production of Type IL Portland-limestone cement, a low-carbon construction material. Titan Cement Group has committed to limit global warming to 1.5˚ C and deliver net zero concrete by 2050. Titan America highlighted that it is the first US-based cement company to fully convert to Type IL cement and is positioning to boost its supply chain with the construction of two 70,000t storage domes, both earma... |
Holcim to delist from Euronext Paris21 November 2022, Published under Cement NewsHolcim Ltd has announced that it is delisting its shares from Euronext Paris to simplify its trading structure, effective from 30 December 2022. According to the company, the decision will focus the trading of Holcim shares in its primary market, the SIX Swiss Exchange (SIX), reflecting the shift in volumes away from Euronext Paris over the years. The simplification, which has been approved by the Board of Directors of Euronext Paris SA , will further reduce Holcim's administrative... |