Cement News tagged under: corporate
Taiwan Cement plans to increase alternative fuel use29 January 2018, Published under Cement NewsTaiwan Cement Corp has announced plans to work with Beijing Orient Landscape & Environment Co Ltd to develop its involvement in the Chinese waste market, according to the Taipei Times. The company expects to work with waste management service provider Beijing Orient to bid on Chinese projects. Taiwan Cement is creating technologies which will enable it to use tyres, plastics and petrochemical wastes to replace coal. Presently, the company is able process 200tpd of hazardous waste at its pl... |
Peru’s Unacem swings into profit in 4Q1729 January 2018, Published under Cement NewsUnión Andina de Cementos reported a profit of PEN34.5m (US$10.7m) in the 4Q17. The result, which is a marked improvement when compared with the loss of PEN42.3m in the same period of the previous year, was driven by the progress of public and private works. The Peruvian producer’s billed cement shipments edged up to PEN1789.2m in 4Q17. Cost of sales during the quarter rose to PEN302.8m while financial expenses advanced to PEN60m. |
Qassim Cement sees 38% drop in profit29 January 2018, Published under Cement NewsSaudi Arabia’s Qassim reported a 26.5 per cent YoY fall in sales to SAR626m in 2017 from SAR852m. Net profit fell 37.8 per cent from SAR405.1m in 2016 to SAR251.8m one year later. Qassim Cement runs a single 4.4Mta plant with two kiln lines in Buraydah, central Saudi Arabia. The company had a 7.4 per cent market share in 2016, according to The Global Cement Report, 12th Edition. |
Jammu and Kashmir Cements’ Khrew plant shut due to coal shortage29 January 2018, Published under Cement NewsThe Khrew plant of Jammu and Kashmir Cements Ltd was shut for nine days as a result of a coal shortage. The shutdown occurred between 14-22 January and is reported to have cost the company at least INR60m (US$ 943,879) . Usually the cement producer stores 1.52Mt of coal, procured on advance payment from Kolkata. However, to meet exigencies and following losses, the company has now purchased coal from a private player at higher rates, reports the Daily Excelsior. According to sourc... |
Vietnam’s VVMI La Hien profit slips 1% in 201729 January 2018, Published under Cement NewsVVMI La Hien Cement JSC reported a one per cent YoY decrease in its net profit to VND27.98bn (US$1.23m) in 2017. The company’s revenue fell one per cent YoY to VND649.46bn in 2017. In 4Q17 the Vietnamese cement producer saw a a more than two-fold rise of its net profit to VND18.37bn and a 12.3 per cent increase of its net revenue to VND221.79bn. |
Power Cement announces progress of expansion26 January 2018, Published under Cement NewsPower Cement Limited has released a progress report regarding its brownfield project in Nooriabad, for the quarter ending 31 December 2017. The expansion is expected to increase plant capacity by 2.5Mta to 3.4Mta, at an estimated cost of PKR24.9bn (US$224.8m). The company plans to commission the new capacity by the last quarter of FY19, ending 30 June 2019. Power Cement has already provided letters of credit for the PKR10bn order for supply of engineering and equipment from FLSmidth. The ... |
Ecebol Oruro plant ready for trial in September26 January 2018, Published under Cement NewsEmpresa Pública Cementos de Bolivia (Ecebol)’s plant in Caracollo, Oruro, is expected to be ready for its trial run in September, according to the country’s Minister of Productive Development and Plural Economy, Eugenio Rojas. "The cement plant of Oruro de Caracollo we will do the test in September, at the end of the year we would be starting to operate or in the last case in 2019,” he said. |
Indocement to commission terminal26 January 2018, Published under Cement NewsIndocement Tunggal Prakarsa expects to complete construction of its new cement terminal in Palembang in the first quarter of 2018, according to Indonesia Investments. The terminal will have a 1Mta capacity once the project is commissioned in March. In December 2017, Indocement began production at its 4.4Mta plant in Citeureup, West Java, bringing the company’s total capacity to 25Mta. However, the facility is only expected to utilise 75 per cent of its capacity due to the current oversupp... |
ACC launches new cement26 January 2018, Published under Cement NewsNeeraj Akhoury, CEO, ACC Ltd, launched the company’s new F2R Superfast cement on Tuesday, according to the Business Standard. The product is the latest addition to the F2R range, designed to meet consumer needs and local conditions. It will feature tamper-proof packaging to ensure that the cement retains the best possible quality during its delivery to the customer. "We are very excited with our latest innovation which was developed in response to specific customer needs such as fast se... |
Lipetskcement produces 0.684Mt of cement26 January 2018, Published under Cement NewsLipetskcement, part of the Eurocement Group, produced 684,000t of cement in 2017, representing a rise of 6.8 per cent YoY, and 600,000t of clinker, a YoY increase of 16.1 per cent. Bagged cement output grew by 2.7 per cent YoY to 160,500t. CEM I 42.5N high-quality cement accounted for 478,500t , an increase of 17.5 per cent when compared with 2016. The company’s cement sales advanced by 2.4 per cent YoY to 667,500t with more than 400,000t delivered by road, an increase of 13 per cent ... |