Cement News tagged under: Weekly Newsletter
Steppe Cement's market share edges up14 April 2022, Published under Cement NewsKazakhstan-based Steppe Cement sold 281,968t of cement for KZT6.299m in the first quarter of 2022. This brings the company’s market share to 13.7 per cent in the 1Q22 from 13.2 per cent in the 1Q21. The Kazakh cement market expanded by 12 per cent in the 1Q22 when compared with the equivalent period in 2021. Average prices for delivered cement climbed to KZT22,341/t from KZT21,332/t. The Kazakhstan posted revenue of KZT6.3bn (US$14m) in the three months ended 31 March 2022 up from KZT... |
UltraTech Cement preferred bidder for Karnataka limestone13 April 2022, Published under Cement NewsUltraTech Cement (owned by Aditya Birla Group ) has emerged as the preferred bidder in the e-auction for the Diggaon Limestock Block. "The company participated in the e-auction of Diggaon Limestone Block conducted by the Government of Karnataka and has been declared as the preferred bidder," the company said in a regulatory filing. The block is situated in Chittapur township in the Kalburgi district of Karnataka, India. It is adjacent to UltraTech Cement’s Rajashree cement plant. The bl... |
Titan to commission new Roanoke terminal upgrade in 202313 April 2022, Published under Cement NewsTitan America expects to complete work on its new 70,000t dome with truck and rail load-out infrastructure at its Roanoke Cement Co import terminal in Chesapeake (VA) in 2023. The US$37m upgrade will see present bulk storage capacity triple and equip the terminal to import and distribute fly ash, slag and aggregates throughout the Mid-Atlantic market. The company also is carrying out a similar project in Tampa (FL). “The major expansion and modernisation of these two marine terminals is ... |
Borneo Oil increases investment in Sabah cement plant11 April 2022, Published under Cement NewsBorneo Oil Bhd increased its investment to MYR50.7m (US$12m) in Sabah’s first integrated clinker and cement plant, which is expected to be commissioned by the 3Q22. The plant is owned by Makin Teguh Sdn Bhd. Located in Lahad Datu the new plant has a capacity to produce 720tpd of Portland-grade cement. It is the first micro cement plant in Malaysia to use environmentally friendly technologies such as waste heat recovery and a fuel mix consisting of heavy fuel oil and biomass fuels including... |
PCA Spring Economic forecast growth of 1% for US cement demand in 202207 April 2022, Published under Cement NewsEd Sullivan, PCA executive vice-president and chief economist, reports that the PCA's Spring 2022 USA economy, construction market and cement consumption forecasts were given a new layer of risk with the outbreak of the Russia-Ukraine conflict. The two external forecast considerations are COVID-19 and the Russian-Ukraine war. The war can add to inflation and affect monetary policy. COVID-19 can add to consumer confidence, if it recedes and this would raise cement consumption. The PCA... |
Kolos Cement sees 39% rise in turnover in 202107 April 2022, Published under Cement NewsMauritius-based Kolos Cement Ltd reported a turnover of MUR1.8bn (US$40.2m) in 2021, up 38.5 per cent from MUR1.3bn in 2020. However the company’s operating profit reached MUR161.5m, down 18.6 per cent from MUR198.4m in the previous year. In addition to the nationwide six-week lockdown due to the COVID-19 pandemic in 2021, the company also faced further challenges to the increased raw material costs as the rupee weakened and the cost of freight went up. The company expects 2022 to be equ... |
South Korean producers aim to boost cement production07 April 2022, Published under Cement NewsSouth Korean cement companies have agreed to increased their production by 35 per cent for the next three months to ease concerns over a supply shortage amid the crisis surrounding Ukraine, the industry ministry said. During a meeting with government officials, seven major cement companies agreed to produce a combined 3.77Mt of cement in the 2Q22 up 35.7 per cent from the January-March period, according to the Ministry of Trade, Industry and Energy. The government also plans to provi... |
Cemex increases lower-carbon PLC production in Colorado06 April 2022, Published under Cement NewsCemex USA announced that as part of its drive to reduce its carbon emissions, the company has increased production of Portland limestone cement (PLC) at its plant in Lyons, Colorado, USA. The company expects PLC to become the plant’s primary product by summer. "CEMEX is committed to being a leader in climate action, and we have aggressive emission reduction goals designed to positively affect our industry and our world," said CEMEX USA President, Jaime Muguiro. "The increased production... |
Holcim Argentina warns of gas shortage stopping kilns over winter06 April 2022, Published under Cement NewsHolcim Argentina’s CEO, Christian Dedeu, has warned that clinker production at its plants could come to a halt as he has no guarantee that there will be gas to fire the kilns this coming winter (June-August 2022). “We do not have guaranteed gas for the winter, which puts cement production at risk. The impact can be very strong for the construction activity,” said Mr Dedeu. Moreover, gas prices remain sky-high and the rise in production costs is difficult to offset. However, the company is ... |
Colombian cement market expands 3% in February04 April 2022, Published under Cement NewsDomestic dispatches in Colombia edged up by 2.6 per cent to 1.107Mt in February 2022 from 1.079Mt in February 2021, according to the country’s statistics office, DANE. Dispatches were up 9.2 per cent YoY in terms of bulk cement but slipped 0.2 per cent for bagged cement, reflecting the seven per cent advance in dispatches to ready-mix concrete companies. However, construction companies and contractors reduced their off-take by 4.9 per cent YoY in February 2022. Sales to the retail sector r... |