Cement News tagged under: Weekly Newsletter
Huaxin Cement Narayani prepares to begin production31 August 2021, Published under Cement NewsHuaxin Cement Narayani is expected to start cement production within two months following the completion of the cement works in the central Dhading district of Nepal, according to Xinhua. The China-Nepal joint venture has a cement capacity of 3000tpd. Construction began in 2019, but the completion of the project was delayed by floods, disputes over land acquisition and the COVID-19 pandemic. |
Cementos Cibao opens new grinding unit31 August 2021, Published under Cement NewsCementos Cibao inaugurated its new 134tph cement grinding plant in the presence of the Dominican Republic’s President Luis Abinader. The project represents a multi-million dollar investment and sees the plant meeting not only higher efficiency but also stricter environmental standards. Equipment for the new plant, including a vertical roller mill, was supplied by Germany-based thyssenkrupp. "With regard to production processes, we draw up plans to move forward to be more friendly with the ... |
Swedish Supreme Court does not grant Cementa leave to appeal30 August 2021, Published under Cement NewsSweden's Supreme Court announced that Cementa will not be granted leave to appeal against the decision by the Supreme land and Environmental Court on 6 July when it rejected the cement producer's application to extend its limestone quarry in Slite from 1 November. "It is unfortunate that the Supreme Court does not grant leave to appeal, but we have also been prepared for this outcome. The announcement does not affect our ongoing work, but we continue to work with other initiatives that we ... |
Arabian Cement records 2Q21 revenue of SAR233m30 August 2021, Published under Cement NewsArabian Cement Co (ACC) registered a revenue for the 2Q21 of SAR233m (US$62m), a YoY increase of 66.9 per cent. The company achieved an 82.9 per cent YoY improvement in cement volume from its Saudi Arabian operations and a 51.5 per cent YoY growth in revenue from outside the kingdom, according to Al Rajhi Capital. Cement sales volume for the 2Q21 reached 0.7Mt, 7.9 per cent higher than the research house's estimate. Gross profit and operating profit increased by 2.0x YoY and ... |
Coal rally reaches 2011 highs while petcoke discounts up to 37%27 August 2021, Published under Cement NewsBy Brannvoll Aps, Denmark Following on from ICR’s most recent energy report , the coal rally has now reached levels comparable the highs of 2011, leading to more supply distortions. Petcoke FOB contracts are dragged up close to all-time highs with only a few deals available. Discounts for petcoke FOB (USGC 6.5 per cent, 40 HG/API 4) have increased to 37 per cent. However, freight rates have continued to climb, putting a lid on FOB prices to some extent. Additional context i... |
CRH reports 1H sales up 15%27 August 2021, Published under Cement NewsCRH saw its sales for the first half of 2021 increase 15 per cent YoY (10 per cent on a like-for-like basis) to US$14bn. First-half trading benefitted from a positive underlying backdrop in North America and Europe, said the company in a statement. Like-for-likesales in its Americas Materials segment increased by three per cent compared to 1H20, driven by improved volumes of aggregates, cement and ready-mix concrete, with price progress across all lines of business. In the Europe Materials... |
Holcim to upgrade Obourg27 August 2021, Published under Cement NewsHolcim has applied for the renewal of its operating licence at the Obourg cement plant in Belgium. The company also plants to carry out a modernisation programme and build a new kiln that ultimately enables carbon capture. “This project was called GO4ZERO because it supports the ambition of carbon neutrality that the Holcim group has set itself by implementing, as a world first, a design of a dry-process kiln to concentrate CO2 and allow its capture and subsequent recovery,” said Holcim. ... |
Pakistan anticipates rise in cement exports to Afghanistan26 August 2021, Published under Cement NewsOn 15 August the Taliban took over Kabul and declared their rule over Afghanistan. Taliban spokesperson Zabihullah Mujahid said at his first press conference that the Taliban would continue trading with neighbouring countries and steps would be taken to promote trade. Business people and traders in Pakistan widely welcomed the announcement and the Pakistan stock exchange (PSX) and the country's bilateral trade with Afghanistan saw a short term sudden rise. According to Spectrum Resear... |
AdBri sees 95% surge in profit for the 1H2125 August 2021, Published under Cement NewsAustralia’s AdBri has posted a net profit after tax of AUD56.6m (US$41m) in the first half of 2021, up 94.5 per cent on the year-ago period. Revenue also advanced 7.4 per cent YoY to AUD752.3m from AUD700.7m, as demand for construction materials increased. "Adbri delivered a robust first half financial performance for 2021 recording solid growth in revenue and profits with improving margins as demand for construction materials rebounded, supported by increased residential housing activity ... |
Iraq to see new US$250m cement project23 August 2021, Published under Cement NewsIraq has reportedly awarded a project to a Spanish company to construct a cement plant at a cost of around US$250m. Iraqi Industry Minister, Manhal Al-Khabbaz, said the plant in the Nineveh Governorate, northern Iraq, would have an initial capacity of 4000-4500tpd, but could be expanded further at a later date, according to Zawya. The project is expected to complete with the next 2.5 years and produce new types of cement that are not currently available in the country. "This is a sign... |