Cement News tagged under: corporate
Spain: Cementos Cosmos stops cement exports20 April 2017, Published under Cement NewsCementos Cosmos is ceasing cement exports from its Niebla plant. The company has attributed the move to rising petcoke prices that are eroding the competitiveness of the works in the international market. However, the company has been undertaking steps to increase its use of alternative fuels to 20 per cent of the fuel mix. This would allow the plant to reduce its EUR7m fuel bill. Votorantim, who owns the cement company, is currently waiting for the necessary changes to be made to the Gen... |
Côte d'Ivoire: LafargeHolcim plans to double output potential from May20 April 2017, Published under Cement NewsAs of May, LafargeHolcim intends to double its production capacity in Côte d’Ivoire to 2Mta. The expansion will primarily be the result of a new crusher with a capacity of 1Mta, which is currently being installed. "Lafarge Holcim CI is now, more than ever, organised to meet the increasing demand of the market. The construction of our new crusher will be completed within a month. It's a big investment that will allow us to produce an additional million tonnes of cement incrementally, st... |
CIMAF Cameroon to triple production capacity20 April 2017, Published under Cement NewsCIMAF Cameroon has announced that it will triple its current 0.5Mta production capacity to 1.5Mta by 2018 on the back of domestic market growth. "At the end of this extension, CIMAF Cameroon intends to consolidate its position as a major player in the local and sub-regional market," according to the company’s statement. The project will put the Moroccan-owned cement producer on a par with Dangote, which currently owns a 1.5Mta grinding unit at Douala. |
Holcim (Argentina) approves clinker imports20 April 2017, Published under Cement NewsHolcim (Argentina) has approved the import of up to six vessels of clinker for the period up to April 2018 via LH Trading, according to a company statement. The shipments represents some 250,800t of clinker with an approximate value of US$16.3m. The imports, which are expected to start in May, will help the company to meet growing demand as the country sees increased construction activity. LafargeHolcim’s Argentinian subsidiary has a production capacity of 4.8Mta. |
Yamama Saudi Cement quarterly profit down 66%20 April 2017, Published under Cement NewsYamama Saudi Cement reported a net profit of SAR50.8m (US$13.5m) in the first quarter of 2017, translating into a YoY drop of 66 per cent due to a decline in operating profit. Gross profit in the period was also down by 66 per cent YoY to SAR63m on the back of lower sales volumes and average realised price per tonne. Revenue fell 41 per cent YoY to SAR220m. Cement volumes amounted to 1.24Mt in the first quarter of the year, down 25 per cent YoY but up by three per cent compared to the p... |
Ecocem appeal likely to be heard next month20 April 2017, Published under Cement NewsEcocem’s appeal agains a US authority’s decision to refuse it planning permission for a EUR45m mill could be heard next month, the Irish Times reports. The planning commission in Vallejo, California, recently refused Ecocem’s subsidiary, Orcem Americas, permission to build on the city’s waterfront based on environmental concerns. Orcem subsequently appealed the ruling with Vallejo city council. This is likely to be heard between 30 May and 1 June, according to the report in the daily. ... |
Votorantim sees cement revenues fall 10% YoY in 201619 April 2017, Published under Cement NewsVotorantim, formerly Votorantim Industrial, generated a turnover 8.7 per cent lower at BRL26,738m (EUR8046m) and EBITDA declined by some 38 per cent to around BRL4300m (EUR1,294m) in 2016 when compared with 2015. Although the net interest charge declined by 9.9 per cent to BRL1731m, there was a net loss of BRL1295m compared with a the net profit fell of BRL387m (EUR116.5m). Group capital expenditure was 6.2 per cent lower at BRL3031m (EUR912m), of which cement represented BRL27.3m. Brazil... |
Steppe Cement 1Q17 volumes down as Kazakh market contracts19 April 2017, Published under Cement NewsSteppe Cement reported a 35 per cent YoY decline in cement sales volumes to 124,669t in the first quarter of 2017 as cement consumption in Kazakhstan fell five per cent YoY. In March 2017 alone, domestic consumption was down by 12 per cent, partly due to extended holidays, Steppe Cement said in a trading update released last week. The company added that it continued its strategy of increasing prices at the expense of market share. As a result, its market share fell from 16 per cent in... |
Fauji Cement 9M net profit down 54%19 April 2017, Published under Cement NewsPakistan producer Fauji Cement Company Ltd (FCCL) reported a 54 per cent drop in net profit for the first nine months of the current fiscal to PKR1.972bn (US$18.8m). Nabeel Khursheed, analyst at Topline Securities, said gross margins were down considerably to 21 per cent due to the purchase of raw material at higher prices. “FCCL procured clinker from other cement players due to the non-functioning of its Line 2 as a result of a silo incident. The company is also running the plant on expen... |
Mitsubishi Materials withdraws from China market18 April 2017, Published under Cement NewsMitsubishi Cement plans to pull out of the Chinese cement market as tighter environmental regulations take their toll and the supply glut hurts the company’s profitability, according to Nikkei Report. The Japanese nonferrous materials maker signed an agreement on 30 March to sell a cement company in Shandong Province for an undisclosed sum to an affiliate of state-run cement giant China National Building Material. Mitsubishi Materials holds a 66.67 per cent stake in the Shandong compan... |