Cement News tagged under: corporate
Guangdong Tapai Group announces impact of energy regulation plans11 October 2021, Published under Cement NewsChina’s Guangdong Tapai Group Co has announced the expected impact on its operations of the local government’s plan to regulate energy consumption in 2021. The energy consumption control requirements of key energy-consuming units reportedly ensure that consumption in 2021 will not exceed the control amount issued for the year. As a result of the policy, the production capacity of its Jinta, Xinda and Huizhou units of the company’s Jiaoling Branch and its subsidiaries will be affected. Cemen... |
Taiwan's producers see mixed September results08 October 2021, Published under Cement NewsTaiwan’s Asia Cement has reported a 7.9 per cent YoY rise in September revenue to TWD7.83bn (US$278.97m) from TWD7.26bn in the year-ago period. In the first nine months of the year, revenue increased 13.3 per cent to TWD61.81bn from TWD54.56bn. Universal Cement saw revenue advance 17.2 per cent YoY in September to TWD528.3m, while its 9M21 revenue was up 12.1 per cent to TWD4.36bn from TWD3.89bn. Elsewhere, Lucky Cement announced a 29 per cent decline in revenue for September to TWD269.96... |
Steppe Cement reports 16% revenue increase08 October 2021, Published under Cement NewsKazakhstan’s Steppe Cement has recorded an 8.5 per cent YoY rise in revenue to KZT12.05bn (US$28.33m) in the third quarter of 2021, compared to KZT11.11bn in the year-ago period. The company also saw sales volume for the period fall four per cent YoY to 535,200t. In the first nine months of 2021, revenue advanced 16 per cent to KZT28.81bn while sales volumes climbed four per cent to 1,375,464t. |
Indocement sees 3% uptick in 8M21 sales08 October 2021, Published under Cement Newsndonesia-based Indocement Tunggal Prakarsa is on track to sell up to 18.1Mt of cement in 2021, according to Mirae Asset Sekuritas analyst Mimi Halimin. The company has seen its domestic sales expand by 3.3 per cent to 10.4Mt in the first eight months of the year. In August there was an 0.5 per cent uptick to 1.5Mt. “Although relatively flat from last year, the volume was 7.7 per cent higher than the previous month. This indicates a recovery in volume along with the gradual pick-up in econ... |
Cem'In'Eu awarded damages in competition lawsuit08 October 2021, Published under Cement NewsThe Saint-Nazaire Commercial Court, France, has dismissed all of LafargeHolcim's claims that Cem'In'Eu had been acted unfairly in competition following a claim made in July 2019. The judgement of 28 April 2021 dismissed all of the claims made by Lafarge Holcim Ciments and Lafarge Holcim Distribution in the lawsuit between them and Cem’In’Eu and all of its different group entities including Cem'In'Log. Furthermore, LafargeHolcim has been ordered to pay damages as well as legal costs in ... |
Tanga Cement sees net loss widen in 1H2107 October 2021, Published under Cement NewsTanzania’s Tanga Cement saw its net loss widen to TZS7.8bn (US$3.38m) in the first half of 2021, compared with a TZS5.2bn loss in the year-ago period. Around TZS2.6bn has been attributed to a major breakdown in clinker production units that saw costs of production surge, according to The Citizen. Board Chairman, Lawrence Masha, noted that due to the breakdown it had to purchase 117,259t of clinker to ensure sufficient cement production. The increase in the cost of sales took its toll o... |
West China Cement signs MoU for four projects worth US$800m06 October 2021, Published under Cement NewsThe government of Mozambique and West China Cement have reportedly signed a memorandum of understanding regarding four industrial investment and development projects, with a total value of US$800m. The projects include a cement plant, a thermal energy generation facility and two glass factories. "The group of West China Cement intends to continue its investments in Mozambique, attentive to the good business environment and to one of the government’s five-year goals, which is to generate mo... |
HeidelbergCement divests Spanish assets to Cemex05 October 2021, Published under Cement NewsHeidelbergCement pushes forward its portfolio optimisation programme, and has signed agreements to sell its regional aggregates and ready-mixed concrete businesses in the regions of Catalonia, Madrid and Asturias as well as its ready-mixed concrete business on the Balearic Islands to different buyers. The assets acquired by Cemex from HeidelbergCement include a limestone quarry with a waste management operation serving Madrid and three concrete plants in the Balearic islands. Di... |
JK Lakshmi Cement halts production at its Durg plant05 October 2021, Published under Cement NewsIndia’s JK Lakshmi Cement has suspended production at its 2.7Mta Durg plant in Chhattisgarh, due to a strike called by the state’s Cement Transport Association. Dispatches from the facility, which were substantially reduced from 19 September, have now been completely stopped, according to the company. However, industry-wide negotiations are being held with the state government and the company is hopeful of an amicable solution soon. |
InterCement Participações completed BRL1bn debenture amortisation05 October 2021, Published under Cement NewsIInterCement Participações SA (ICP) has concluded the partial amortisation of its debentures for BRL1bn (US$180m). The transaction follows a new debt issuance from its subsidiary, InterCement Brasil SA (ICB), of the same amount in local debentures. ICB and ICB agreed on an intracompany loan agreement as well for BRL1bn. The transactions do not change either company’s consolidated debt, although it materially reduced the indebtedness of ICP stand alone, while optimising ICB’s capital... |