Cement News tagged under: Weekly Newsletter
Ramco Cements sees 59% fall in 3Q net profit25 January 2022, Published under Cement NewsIndia-based Ramco Cements Ltd reported a 59 per cent decrease in standalone profit after tax at INR830m for the quarter ended 31 December 2021 (3QFY21-22). In the 3QFY20-21 standalone profit after tax was INR2.01bn. Net revenues for the 3QFY21-22 expanded 16 per cent YoY to INR15.56bn from INR13.45bn in the 3QFY20-21, as cement sales volumes increased 15 per cent to 3.01Mt from 2.61Mt in the year-ago period. But the company said demand was weak due to a range of factors such as the monsoo... |
PT Indocement Tunggal Prakarsa reports sales volumes of 17Mt in 202124 January 2022, Published under Cement NewsPT Indocement Tunggal Prakarsa Tbk (INTP) (HeidelbergCement group) recorded sales of 17Mt in 2021, a three per cent increase from the previous year. "This achievement is more or less in line with the target," explained Antonius Marcos, director and corporate secretary of Indocement. Marcos explained a number of factors which impacted cement sales last year. "The main driving factor for sales was from the retail sector, which is increasing public optimism of the recovery of the... |
Ciments du Maroc builds new grinding station at Nador24 January 2022, Published under Cement NewsCiments du Maroc , a subsidiary of HeidelbergCement (Germany), is building a new grinding station close to Nador in the north of Morocco that will support the development of the country's north and east regions. Located 18km from the city of Nador in the municipality of Ouled Settout, the 0.7Mta grinding plant represents an investment of MAD330m (USD35.54m). This investment has been described by the company's CEO, Matteo Rozzanigo, as "a major turning point for Ciments du Maroc, which will... |
CBMI successfully ignite Lafarge Martres-Tolosane MK3 project20 January 2022, Published under Cement NewsOn 17 January 2022, the clinker production line of Sinoma CBMI Construction's MK3 project at Lafarge Martres-Tolosane , France, was successfully ignited. The main management personnel of the Lafarge Cement plant and the owner's project department, as well as the MK3 project management personnel of Sinoma Construction gathered to celebrate the arrival of this moment. The successful ignition of the project is a sincere reward to all the project staff for their hard work over th... |
Savannah Cement seeks KES40bn to fund new clinker plant20 January 2022, Published under Cement NewsSavannah Cement , Kenya, wants to raise KES39.7bn (US$350m) via a bond on the London Stock Exchange to build a clinker production plant. The firm has been relying on imported clinker to meet cement demand. Savannah Cement Chief Executive Samson Shivina said that the firm expects the plant to be completed by mid-2024. "This is entirely being financed by a bond on the London Stock Exchange because locally, we may not find banks who are going to finance such size of the project unless it... |
Sococim Industries selects Fives for new clinker production line20 January 2022, Published under Cement NewsFives FCB and Sococim Industries ( Vicat group ) have signed a contract for the supply of the new 6500tpd clinker production line at the Rufisque plant, Senegal. The Chairman of Sococim Industries, M Youga Sow, selected Fives’ engineering and equipment for this new installation. Highest flexibility and optimised energy efficiency For this new line project, Sococim Industries wanted to implement the best technologies and international standards to ensure the highest flexibility... |
Dalmia Cement (Bharat) commences commercial production at Murli18 January 2022, Published under Cement NewsDalmia Cement (Bharat) (DCBL), (Dalmia Bharat group), has commenced commercial production at its Murli cement plant in Chandrapur district, Maharashtra, India. The company acquired the plant for INR4100m (US$55.2m) and further committed to invest INR9290m for the revival, modernisation, expansion and installing green manufacturing equipment such as waste heat recovery systems, solar power, green fuel systems and robotic labs for enhanced quality monitoring. The plant has been turned aroun... |
Brazil's cement market expands 6% in 202117 January 2022, Published under Cement NewsBrazilian cement sales totalled 4.8Mt in 2021, representing a 1.6 per cent increase YoY, according to SNIC, the national cement association. As a result, the industry closes 2021 with full-year domestic sales of 64.3Mt, up 6.4 per cent YoY. In addition, exports advanced 6.9 per cent to 31,000t in December 2021, resulting in a 52.4 per cent hike in full-year volumes to 416,000t. The continuity of construction and renovation through self-construction, real estate works and an incipient res... |
HeidelbergCement schedules second tranche of share buyback programme for 1Q2214 January 2022, Published under Cement NewsHeidelbergCement will continue its share buyback programme earlier than originally planned. The second tranche in the amount of EUR300-350m is scheduled to start in the 1Q22 and to be completed by the 3Q22 at the latest, says the company in a statement. Upon the successful completion of the first tranche in December 2021, HeidelbergCement’s Managing Board decided on 13 January 2022 to cancel all shares that were acquired within the first tranche. The total amount of 5,324,577 shares are co... |
Heracles completes Halyps Building Material aggregate and concrete acquisitions13 January 2022, Published under Cement NewsHeracles Group has announced the successful completion of the acquisition of Halyps Building Materials SAps aggregate and concrete businesses segments. In the aggregates business segment, the investment is expanding the geographical footprint of Heracles Group and strengthening its competitiveness in the dynamically growing market of Attica. Heracles Group will be able to offer a broader portfolio of aggregate products to be used in the production of concrete, asphalt concrete, cement, li... |