Cement News tagged under: corporate
Semen Indonesia IDR6trn expansion06 January 2017, Published under Cement NewsSemen Indonesia has designated IDR6trn (US$449.1m) for capital expenditure in 2017 to finance its expansion programme. The programme includes the development of four plants set to add 10.5Mta to the company’s current installed capacity of 32.3Mta. Two plants are already under construction. Approximately IDR1trn of the year’s spending will be channelled into the construction of the Rembang plant in Central Java and the Indarung VI plant in Padang, West Sumatra, which have both entered into... |
India: Sagar Cements sees sales dip in December06 January 2017, Published under Cement NewsIn a trading statement released this week, Sagar Cement has reported a slight decline in cement sales for December compared with a year earlier. Consolidated results – which include the firm’s BMM subsidiary – show cement sales dropping by 0.4 per cent to 154,196t. Sales at Sagar’s core business dropped more appreciably, being down 4.6 per cent at 100,054t. For the nine months from April to December, consolidated sales rose by 17.9 per cent to 1.56Mt, while standalone sales fell by 10.... |
India: Dalmia Cement wins limestone concession auction06 January 2017, Published under Cement NewsDalmia Cement has won the right to mine limestone in Odisha, eastern India, the Times of India reports. Dalmia saw off competition from Adani Cement and Hira Cement for the limestone reserves, estimated at 98.7Mt. The winning bid will see Dalmia pay 12.05 per cent of the revenue generated from the mining operations to the state government. |
Vietnam: Vicem sells 25.8Mt of cement and clinker in 201604 January 2017, Published under Cement NewsState-owned Vietnam Cement Industry Corp (Vicem) sold around 25.8Mt of cement and clinker in 2016, representing a YoY rise of 11.2 per cent and surpassing the year’s target by 11 per cent. Some 22.73Mt of cement and clinker were sold in the domestic market, a 8.8 per cent rise when compared with 2015. Vicem increased its exports by 45.8 per cent to 3.07Mt. Output by the country’s leading cement producer advanced by 9.3 per cent YoY to 18.74Mt of clinker and by 13.1Mt to 22.72Mt of cem... |
UAE: Arkan cutting energy usage in response to price rises04 January 2017, Published under Cement NewsEmirati building materials firm Arkan, which operates the Al Ain and Emirates cement factories, has announced a series of energy saving measures in response to rising prices for electricity, water and natural gas, Trade Arabia reports. The initiatives include the installation of a waste heat recovery unit on the clinker cooler at the Al Ain cement factory. Arkan is also conducting a feasibility study on the construction of a captive coal-fired power plant for the facility. As an interi... |
Trinidad Cement directors recommend rejection of Cemex bid04 January 2017, Published under Cement NewsThe board of directors of Trinidad Cement Ltd (TCL) has written to shareholders advising them to reject Cemex's TTD597m (US$89m) offer for a controlling interest in the company, the Jamaica Observer reports. “The company (TCL) has experienced a turnaround after multiple past efforts to do so. The evidence of the turnaround is supported by the company’s return to sustainable profitability in 2015 and continuing to produce positive net income throughout 2016,” said the directors in their le... |
Nigeria: BUA Group to offer incentives to cement distributors03 January 2017, Published under Cement NewsBUA Group, the conglomerate which owns the Cement Company of Northern Nigeria, is to offer incentives of NGN100m (US$0.3m) to cement distributors who exceed their sales targets, the Nation reports. “We have embarked on an expansion drive and this will be completed in 2018. Cement business is a very challenging one, because it is a capital intensive business; but I want to assure you that our expansion project will be completed by the end of next year or at the beginning of 2018”, said Alh... |
Pakistan: Kohat Cement interest in Dewan Cement23 December 2016, Published under Cement NewsKohat Cement Company Ltd has joined the race to acquire Dewan Cement’s North plant, a 1.134Mta facility located at Hattar industrial estate in northern Pakistan. The company has informed the Security & Exchange Commission of Pakistan and Pakistan Stock Exchange on 16 December that its Board of Directors has decided to participate in the bidding process for the purchase of North cement plant and its related assets from Dewan Cement Ltd. As a result, it has authorised the management to condu... |
India: Prism Cement sees losses shrink for 1HFY1723 December 2016, Published under Cement NewsPrism Cement has released its financial results for the first half of its trading year, which began on 1 April, revealing a loss of INR50.62m (US$0.75m) over the six-month period. This compares favourably with the same period in FY16, when the company booked a loss of INR522.8m. Prism’s cement business saw revenues rise by 0.7 per cent and was the most profitable of the company’s three divisions. Prisms profits from cement rose by 68 per cent YoY to INR1.1bn. However, sales of cement and ... |
The Addoha Group's expansion continues23 December 2016, Published under Cement NewsCiments de l’Atlas (CIMAT) announced the recent opening of the new 0.5Mta Diago grinding plant in Mali, which will increase domestic cement production in the country by around 25 per cent . Mali has had to rely on cement imports from Senegal in the main to meet its domestic demand. It is expected that clinker imports will gradually start to replace bagged cement imports. Addoha Group-owned Ciments de L’Afrique (CIMAF) established its CIMAT subsidiary in 2007 and has since gone on to build... |