Cement News tagged under: corporate
Devki Group plans to construct two plants in Kenya25 January 2018, Published under Cement NewsDevki Group plans to construct two new cement plants in Kenya, according to Construction Kenya. The first plant is expected to have a 0.75Mta capacity and be located on a 20ha plot in Mariakani, Kilifi County, while the second will have the same capacity and be situated in Njoro, Nakuru. Each of the two plants are expected to represent an investment of KES3bn (US$29.2m). The proposed facilities would help lower the price of cement and shorten the distance covered by delivery vehicles, acc... |
Carthage Cement sees 12% sales drop25 January 2018, Published under Cement NewsTunisia-based Carthage Cement reported a 12 per cent YoY decline in its revenues to TND172.9m (US$72.2m) when compared with revenues of TND196.1m in 2016. While sales in the domestic market slipped by two per cent YoY to TND125.2m, exports saw an 80 per cent contraction to TND4.4m. Tunisian exports to Algeria, where a rapid capacity build-up has affected imports, have fallen by some 79 per cent YoY. The company invested some TND12.26m in 2017, down 40 per cent when compared with the p... |
Attock Cement reports net sales increase in 2H1725 January 2018, Published under Cement NewsAttock Cement Pakistan Ltd has announced its financial results for the half-year period ended 31 December 2017. The company’s profit after tax fell 16 per cent YoY, to PKR1.15bn (US$10.38m) from PKR1.37bn seen in the year-ago period. Attock Cement’s net sales increased to PKR7.56bn in the second half of 2017, compared to PKR7.22bn of 2H16. The company also reported a distribution cost of PKR48.5m (2016: PKR52.6m) and administrative expenses of PKR24.1m (2016: 20.9m) in the 2H17. Furthe... |
Loma Negra to consider LCVs to transport product25 January 2018, Published under Cement NewsArgentine cement producer Loma Negra is currently studying the use of long combination vehicles (LCVs) to reduce logistics costs while transporting more product on the country’s roads. "We do not yet use that kind of transportation. We are analysing the [Executive Power’s] decree to take advantage of the logistic improvements it offers, but LCVs would only be possible in certain corridors, "explained Sergio Faifman, general director Loma Negra. “We are analysing its possible use for input... |
Voronezh Cement increases dispatches by 5%25 January 2018, Published under Cement NewsEurocement-owned Voronezh Cement saw a five per cent YoY advance in its shipments to customers in 2017. Dispatches rose to 1.8Mt by the end of the year. The company increased its cement output by five per cent to 1.808Mt while its clinker production rose by 10 per cent to 1.717Mt when compared with the company’s production figures in 2016. |
Indonesia’s state-owned cement companies to increase efficiency24 January 2018, Published under Cement NewsState-owned cement producers in Indonesia have announced that they will continue with efficiency measures to improve their bottom line amid increasing competition and domestic oversupply. The country’s largest producer, PT Semen Indonesia, will pursue a more efficient production process this year following last year’s fall in profit, said the company’s President Director, Hendi Priyo Santoso. "We will control what we can control, such as our internal resources, to be more efficient," ... |
SCG cement revenues up 6%24 January 2018, Published under Cement NewsThai conglomerate Siam Cement Group (SCG) saw a 14 per cent YoY rise in consolidated sales in 4Q17 to THB113.4bn, as growth in the Packaging business offset a slight decline in the Chemicals division, reports the company. Consolidated EBITDA advanced by seven per cent YoY to THB26.593bn. Revenues from SCG’s Cement-Building Materials in 4Q17 increased six per cent YoY to THB43.372bn due to the contribution of the expanded ASEAN operations. However, EBITDA was impacted by the weakness in th... |
Thanh Thang to develop third line24 January 2018, Published under Cement NewsThanh Thang Group Cement JSC is investing VND800bn (US$35.2m) in developing the third production line in Ha Nam, northern Vietnam. Construction of the 2.3Mta facility is expected to be completed in 2021. In July 2017 Thanh Thang inaugurated its second production line, which is also located in Ha Nam province. The VND5tn line has a clinker capacity of 6000tpd or 2.3Mta of cement. |
LafargeHolcim increased investment in Jerez de la Frontera24 January 2018, Published under Cement NewsLafargeHolcim’s cement plant in Jerez de la Frontera, Cádiz, Spain, invested EUR2m in improving its facilities in 2017, according to a company statement. The sum represents a 20 per cent rise when compared with investment in 2016. The investment focussed on environmental improvements, including the replacement of continuous measuring equipment in the stack and the installation of fire detection systems in the fuel unloading and storage areas. In addition, it worked on the rehabilitatio... |
Hetauda Cement faces limestone shortage24 January 2018, Published under Cement NewsHetauda Cement Factory is facing a shortage of limestone due to local protestors preventing the extraction of the material from its mine in Majuwa, Nepal. The company’s new mining contractor, Om Sai Construction, has not been able to deliver 150,000t of limestone four months after receiving the order, according to The Kathmandu Post. The company requires 1000t of limestone daily in order to operate, without it the factory could soon stop production. "Although the contract process has al... |