Cement News tagged under: Weekly Newsletter
Holcim Philippines sees 124% net income increase17 November 2021, Published under Cement NewsHolcim Philippines reported a 124 per cent YoY increase in net income to PHP2.3bn (US$45.66m) in the first nine months of 2021, compared to PHP1.03bn in the year-ago period, on the back of higher cement sales. “Our continuing focus on operational efficiencies and cost management enabled us to drive performance despite market demand and inflationary challenges. We take pride in leading industry innovations with our new building solutions that help partners build better,” said Horis Adrian,... |
Cement consumption in Spain up 10% in October17 November 2021, Published under Cement NewsSpanish cement demand has expanded by 10.1 per cent to 1,302,750t in October 2021, according to data from Oficemen. In the January-October 2021 period domestic cement consumption advanced 12 per cent YoY to 12.458Mt. "The figures for October bring us closer to the end of the year in which we could recover the volume of pre-pandemic consumption for 2019, in line with what was already indicated in September,”said Oficemen President, José Manuel Cascajero. However, exports declined 14.2 per ... |
Kohat Cement receives regulatory approvals for Punjab plant17 November 2021, Published under Cement NewsKohat Cement Co (KOHC) has obtained all the requisite regulatory approvals for setting up the greenfield 7800-10,000tpd cement production line in Khushab, Punjab province of Pakistan. According to Kohat Cement’s latest report for 1QFY22, acquisition of land is under progress and it is expected that contracts for the supply of plant will be executed. A Letter of Credit for the import of plant and machinery will be established by the end of the 2QFY22. Financial performance in 1Q... |
Hongshi Shivam Cement looks to double capacity16 November 2021, Published under Cement NewsNepal’s Hongshi Shivam Cement has announced an additional NPR20bn (US$167.34m) investment to increase production capacity, according to the New Business Age. The company currently has 6000tpd of capacity and is looking to produce an additional 6000tpd. The joint venture will see its Chinese investor contribute 70 per cent of the investment while the Nepali partner will supply the remainder. In addition, as of 13 November, the plant has been linked to the Nepal Electricity Authority for a... |
Sarawak cement shortage due to lack of raw material vessels16 November 2021, Published under Cement NewsIndonesia’s Ministry of Domestic Trade and Consumer Affairs has explained the current shortage of cement in Sarawak, attributing it to the demand generated by various construction projects such as the Pan Borneo Highway and the Baleh dam in the state. State director Datuk Stanley Tan acknowledged the current shortage throughout Sarawak and noted that many major projects that had been disrupted by the nationwide movement control orders (MCO) since the Covid-19 pandemic last year were finall... |
Titan Florida orders new 70,000t dome for Port Tampa Bay Terminal15 November 2021, Published under Cement NewsTitan Florida LLC, a subsidiary of Titan America LLC, has announced the construction of a 70,000t dome at its Port Tampa Bay Terminal, making the terminal one of the largest of its kind in the USA. The project supports the growing customer demand for Titan's products and services in Florida. The new US$35m investment in its Tampa mega-terminal will increase and upgrade Titan's import capacity and expansion of its low-carbon cements and cementitious products, such as fly ash and slag. ... |
FLSmidth appoints a new CEO effective from 1 January 202212 November 2021, Published under Cement NewsThomas Schulz, FLSmidth’s Group CEO, has made the decision to take a role outside of the company, and will therefore step down as FLSmidth’s CEO by end of 2021. Mikko Keto, who joined FLSmidth in January 2021 as President of FLSmidth’s Mining business and member of Group Executive Management, has been appointed incoming CEO by FLSmidth’s Board of Directors, effective 1 January 2022. Vagn Sørensen, Chairman, states: “I am pleased we are able to recruit internally for such a vital positi... |
Indonesian cement market expands in September12 November 2021, Published under Cement NewsCement consumption in Indonesia advanced four per cent in September 2021. "Consumption of domestic [cement] in all regions is moving up, including Bali and Nusa Tenggara," said the chairman of the Indonesian cement association (ASI), Widodo Santoso. In the 9M21 domestic cement demand increased 5.5 per cent YoY to 46.9Mt. “With three months remaining, it is still difficult for domestic cement sales to return to the way it was before the pandemic. Especially with the threat of higher coal pr... |
HeidelbergCement sells southern Spanish assets to Votorantim11 November 2021, Published under Cement NewsAfter having announced to sell regional businesses in Catalonia, Madrid, Asturias and on the Balearic Islands, HeidelbergCement now signed a contract to sell its southern Spain business to Votorantim Cimentos. The sale includes the 1.4Mta integrated cement plant in Malaga, three aggregate sites, and 11 ready-mixed concrete sites in Andalusia. Both companies have agreed not to disclose the purchase price. "With this transaction, Votorantim Cimentos strengthens its business in Sp... |
Votorantim Cimentos sees net income rise by 57 per cent in 3Q2111 November 2021, Published under Cement NewsVotorantim Cimentos posted net income of BRL1.1bn (US$200.5m) in the 3Q21, an increase of 57 per cent over the same period last year. The company had global net revenue of BRL6.4bn in the 3Q21, an increase of 24 per ent compared to the 3Q20, primarily due to an increase in sales volume and favourable price dynamics. Votorantim Cimentos' global cement sales totalled 10.4Mt in the 3Q21, a seven per cent increase compared to the 9.7Mt sold in the 3Q20. Votorantim Cimentos ended... |