Cement News tagged under: corporate
Cimaf announces 0.5Mta plant in Bouaké, Côte d'Ivoire23 November 2017, Published under Cement NewsCimaf continues to expand its footprint in Côte d’Ivoire as it started its second production unit in the country in the port city of San Pedro on 20 November. Moreover, Cimaf announced the construction of a 0.5Mta cement plant in Bouaké, central Côte d’Ivoire. The XOF25bn (US$45.1m) works is expected to be operational in 2019. Cimaf expects to generate an additional 250 permanent jobs, according to a company statement. The unit in San Pedro represents an investment of XOF35bn and will... |
Eagle Cement breaks ground on Cebu Line 423 November 2017, Published under Cement NewsEagle Cement Corp has broken ground on the fourth production line at its Cebu plant. The Cebu Line 4 is set for completion in 2020 and will include a 2Mta integrated cement plant, port facilities and cement terminals to serve the islands of Visayas and Mindanao. Currently, the company has two lines producing about 5.1Mta of cement and serves the greater Luzon markets. Eagle is also aiming to complete its third production line (2Mta) in Bulacan by 2018, which will raise capacity to 7.1Mta.... |
Vietnam's Vicem sells 20.93Mt of cement and clinker in 10M1723 November 2017, Published under Cement NewsState-owned Vietnam Cement Industry Corp (Vicem), the country’s leading cement producer, sold 20.93Mt of cement in the first 10 months of 2017. The volume reflects a drop of 1.1 per cent YoY. Vicem cement production also declined 3.6 per cent YoY in 10M17 to 17.75Mt with output in October at 1.86Mt, down 8.6 per cent when compared with October 2016. However, clinker output advanced 3.8 per cent YoY to 15.97Mt in the 10M17, including 1.6Mt in October, up 3.7 per cent YoY. In November, V... |
Cement sector helps thyssenkrupp to its highest order intake in five years23 November 2017, Published under Cement NewsThyssenKrupp has reported double-digit gains order intakes for 2016/17. The cement sector helped the Industrial Solutions segment achieved a turnaround in order intake with the business area recording its highest figure in five years. With adjusted EBIT of EUR1910m for the group and EUR1722m for the continuing operations (excluding Steel Americas), the group exceeded its earnings targets, reports thyssenKrupp. The industrial and technology group thyssenkrupp continues its good operating ... |
Insee Cement launches competition23 November 2017, Published under Cement NewsInsee Cement has launched a competition for customers who buy Sanstha Cement. The ‘Jumbo’s weight of cement’ competition offers the chance to win LKR50,000 (US$325) worth of Sanstha Cement in a daily draw. The grand prize is an ‘elephant’s weight of cement’, worth LKR1m according to the Daily Mirror. The daily draw will be open for 45 days. "People from lower and middle income families of the individual house builders segment of the consumer segment often find it financially difficult to e... |
Sanghi Industries sees fall in fuel cost22 November 2017, Published under Cement NewsSanghi Industries Ltd has seen a fall in fuel and power cost in the September quarter, contradicting the trend of rising fuel prices across India. Sanghi Industries has benefitted from its close position to limestone mines and the increased use of lignite for fuel and power, according to Mint. The Indian government recently reduced the Goods Sales Tax (GST) on lignite to five per cent from eight per cent. Due to this reduction the company has increased its usage and now meets 75 per cent o... |
Dandot Cement loss increases in 1QFY1722 November 2017, Published under Cement NewsPakistan's Dandot Cement Co Ltd (DCCL) reported a loss after tax of PKR-110m in the first quarter ended 30 September 2017,compared to a loss of PKR-64m in 1QFY16. Net sales declined 43.6 per cent to PKR289m in 1QFY2017 from PKR512m in the year-ago period. Distribution costs advanced from PKR0.8m to PKR1m YoY while administrative expenses increased from PKR4m to PKR5.6m. |
Saudi Cement Group joins WCA22 November 2017, Published under Cement NewsSaudi Cement Group has joined the World Cement Association. The cement producer, which is one of the largest in Saudi Arabia, commands a capacity of around 11.5Mta. In addition, the company runs its own port terminal in the country, enabling it to load around 2Mta of cement and clinker onto ships. |
CRH sees a 3% revenue increase in 3Q1721 November 2017, Published under Cement NewsCRH has reported a three per cent increase in revenue for the third quarter of 2017. The group's EBITDA has also risen two per cent YoY for the 3Q. The company’s trading performance has particularly benefitted from underlying growth in the Americas throughout the period. Elsewhere, the 3Q results from Europe have remained positively consistent with the rest of the year while performance in Asia has deteriorated. CRH has announced for the nine months of 2017 ended September, a two per cent... |
Binani Cement sale attracts multinationals and local producer interest21 November 2017, Published under Cement NewsBinani Cement has attracted interest of as many as 15 bidders, say senior officials at the comapny, including CRH, Lafarge and Heidelberg Cement as well as local players India Cement, Orient Cement, Ramco Cement, Shree Cement, UltraTech and Piramals. The Bank of Baroda referred the Binani Cement, a subsidiary of Binani Industries, to the National Company Law Tribunal in July after it failed to repay a INR970m (US$14.9m) loan. Bidders for the company will provide a binding bid with a... |