Cement News tagged under: Weekly Newsletter
Holcim closes sale of India business16 September 2022, Published under Cement NewsHolcim has closed the sale of its business in India to the Adani Group. The deal includes Holcim’s stake in Ambuja Cement at a share price of INR385 (US$4.82) and in ACC at a share price of INR2300, resulting in cash proceeds for Holcim of US$6.4bn, according to Dow Jones. Holcim held a 63.11 per cent stake in Ambuja Cement, which owns 50.05 per cent of ACC, along with a 4.48 per cent direct stake in ACC. Jan Jenisch, CEO, Holcim, said, “I would like to thank our 10,700 Indian coll... |
PPC Group revenues rise 9%16 September 2022, Published under Cement NewsPPC's group revenues, excluding Zimbabwe, for the five months ended August 2022, increased by nine per cent, driven by robust demand in Rwanda but impacted by hyperinflation accounting. Group cement sales volumes (including Zimbabwe) for the period were in line with the previous comparable period as subdued demand in South Africa and the impact of a maintenance-related kiln shutdown in Zimbabwe were offset by robust demand growth in Rwanda. In addition, cash generation remains positive and... |
CBB reports 74% drop in net profit15 September 2022, Published under Cement NewsChilean cement producer Cementos Bío-Bío (CBB) saw a 15.3 per cent increase in sales to CLP155,089m in the first half of 2022 when compared with the CLP134,538m reported for the 1H21. Gross profits declined 12.2 per cent YoY to CLP43,268m in the 1H from CLP49,286m on the back of higher distribution and administration costs. Finance costs increased to CLP4508m in the 1H22 from CLP1380Mt in the year-ago period. Profit before tax fell by 98.4 per cent from CLP10,282m in the 1H21 to CLP156m... |
August cement sales up 10% YoY in Saudi Arabia13 September 2022, Published under Cement NewsCement sales in Saudi Arabia advanced by 10 per cent YoY in August 2022, according to a report by brokerage house Aljazira Capital. Sales last month reached 4.38Mt marking a 19.2 per cent improvement on the previous month.Cement exports grew by 34 per cent YoY in August to 788,000t, compared to 588,000t in August 2021. The highest sales increases were reported by Yamama Cement Co , which saw a YoY increase of 64 per cent, and Arabian Cement Co , which recorded a 29.5 per cent advance ov... |
TITAN Cement Group launches CemAI13 September 2022, Published under Cement NewsTITAN Cement Group has launched CemAI, Inc (CemAI), an affiliate company providing the next-generation predictive maintenance solution based on artificial intelligence for the cement industry. The solution is a unique mix of a proprietary licensed software and a continuous monitoring and incident resolution service for entire cement manufacturing lines across the world, claims TITAN. Leveraging on the unique manufacturing experience and digital expertise of TITAN, which has created, succe... |
Mississippi Lime acquires Singleton Birch12 September 2022, Published under Cement NewsSingleton Birch has been acquired by Mississippi Lime Co (MLC), one of the US’s oldest independent suppliers of lime products, for an undisclosed sum. Mississippi Lime Co, an HBM Holdings company headquartered in St Louis, Missouri, is one of the leading global suppliers of high-calcium lime products and technical solutions. The family-owned business, which has a history stretching back over a century, operates the largest lime facility in the Americas. Paul Hogan, president and ch... |
Moroccan cement deliveries see 5% dip in August09 September 2022, Published under Cement NewsCement deliveries in Morocco declined 5.4 per cent to 1,071,990t in August 2022 when compared with August 2021, when 1,132,900t was dispatched, according to the country’s cement association, APC. The data includes shipments by APC members Asment Temara, Ciments de l’Atlas, Ciments du Maroc and LafargeHolcim Maroc. In the first eight months of 2022, shipments reached 8,208,743t, a drop of 7.2 per cent when compared with 8,841,025t in the year-ago period. |
US cement demand up 7% in June08 September 2022, Published under Cement NewsPortland and blended cement consumption in the USA and Puerto Rico increased seven per cent to 10.8Mt in June 2022, according to the US Geological Survey (USGS). A total of 36.7 per cent of demand originated from the top five cement-consuming states: Texas, California, Florida, Ohio and Illinois. Missouri, Texas, California, Florida and Michigan were the largest cement-producing states, accounting for 39.3 per cent of cement produced. US and Puerto Rican masonry cement shipments totalled 0.... |
Argentina’s cement market expands 13% in August08 September 2022, Published under Cement NewsCement consumption in Argentina increased by 13.2 per cent YoY and seven per cent MoM to 1,226,646t in August 2022, according to the country’s cement association, AFCP. In August 2021 demand reached 1,083,824t and in July 2022 1,146,900t was sold on the home market. Domestic cement producers manufactured a total of 1,231,760t of cement, up 12.3 per cent YoY and 6.9 per cent MoM. Of this total they exported 5114t, down from 12,641t in August 2021 and 5512t in July 2022. January-August 20... |
CEMEX supplies longest bridge in the Philippines08 September 2022, Published under Cement NewsCEMEX has announced that it was the sole supplier of cement for the construction of the longest bridge in the Philippines. The company supplied nearly 70,000t of cement for the construction of the Cebu-Cordova Link Expressway (CCLEX), which was inaugurated in April this year. CCLEX connects Cebu City to the municipality of Cordova on Mactan Island and spans a total of 8.9km, standing on twin tower pylons reaching 145m in height. The bridge, which cost PHP33bn (US$577.8m) to construct, i... |