Cement News tagged under: corporate
Egypt: FLSmidth awarded WNCC upgrade and operation contract15 September 2016, Published under Cement NewsThe Wadi El Nile Cement Company (WNCC) has signed a new five-year contract with FLSmidth that will see the Danish firm continue to maintain and operate a 2Mta plant located 120km south of Cairo. In addition to the operations contract, FLSmidth will upgrade the plant to increase its capacity to around 2.4Mta. The new capacity is expected to come online by mid-2017. FLSmidth Cement Division Group Executive Vice President, Per Mejnert Kristensen, said: “The continuation of the contract is... |
USA: Lafarge to part-close Joppa plant15 September 2016, Published under Cement NewsLafarge North America has announced it is to close one of the two kiln lines at its Joppa plant in southern Illinois and lay off about 40 workers. The move, reported by local media, has been attributed to weakening demand. A spokesperson for Lafarge said that the cement market had not grown according to its expectations and thus the firm would scale back production. In May 2016 Lafarge scrapped plans to add an extra kiln line at Joppa on the grounds that the two currently in operation ... |
Paraguay set for increased competition14 September 2016, Published under Cement NewsCompetition in the Paraguayan cement market is expected to intensify following the announcement by Italy’s Colacem that it will invest US$220m in new production facilities in Concepción. Environmental impact studies are expected to start very shortly with construction of the 1.5Mta plant scheduled to begin in 1H17. The new plant will help to drive domestic cement prices down as well as increase supply to sufficient levels to enable cement exports from the Latin American country. |
Nigeria: Sokoto Cement will have 60MW power by mid-201714 September 2016, Published under Cement NewsSokoto Cement (Cement Company of Northern Nigeria Plc) will build two additional power plants by mid-2017 that will enable the company to generate at total of 60MW of electricity, reports All Africa. The company currently generates 16MW electricity from its biomass plant for its use and for neighbouring communities. Sokoto Cement promised to reduce its current NGN1.3bn (US$4.1m) debt by increasing the price of its products, increase marketing strategies as well as reducing all administrati... |
Paraguay: INC takes delivery of new mill14 September 2016, Published under Cement NewsOn Tuesday Paraguayan cement producer Industria Nacional de Cemento (INC) took delivery of the new mill for its Villeta works. It is expected that the new mill will help the cement producer to double production capacity. Forecasts indicate that the increased supply to the market will result in a fall in cement prices to PYG35,000 in around the first quarter of 2018 although a decrease may start as early as the end of this year. |
Kazakhstan: Steppe Cement 1H loss falls in dollar terms14 September 2016, Published under Cement NewsSteppe Cement has published its financial results for the first six months of 2016. Losses in dollar terms fell to US$1.5m from US$2.2m in the same period in 2015. However, due to a revaluation of the tenge, losses in the company’s operating currency rose from KZT407m (US$1.2m) in 1H2015 to KZT517.5m in 1H2016. Turnover fell by 1.1 per cent to KZT8.2bn, but sales rose 6.1 per cent in volume terms to 0.76Mt. Revenues were hit by a fall in prices, which were down 9.1 per cent to KZT8781/t, ... |
Nepal: Sarbottam Cement released on to the market14 September 2016, Published under Cement NewsSarbottam Cement Pvt Ltd (Saurabh Group) has launched its OPC and PSC cement in the Nepalese market. Sarbottam Cement, which is an ISO 9001 and 14001 certified company, has production capacity of 40,000 bags per day, the Himalayan Times reports. Sarbottam Cement produces cement in a 1200tpd plant about 50km from Lumbini. The works, which was built by FLSmidth in 2014, includes a vertical roller mill (VRM) which enables the production of cement with a fineness of up to 4500 Blaine. ... |
Pakistan: Maple Leaf expansion plans14 September 2016, Published under Cement NewsMaple Leaf Cement Factory Ltd announced that its board of directors has approved an additional dry-process clinker production line (No. 3) at its existing plant site in Iskanderabad District, Mianwali, Pakistan. The new line will operate at a capacity of 7000tpd, pushing grey cement production at the plant to 17,700tpd. The project is expected to cost PKR20bn (US$191m) with aims to be completed within 26 months. This expansion announcement follows an earlier notification that the compan... |
USA: Eagles Materials to buy Cemex Fairborn plant13 September 2016, Published under Cement NewsCemex US has signed a definitive agreement for the sale of its Fairborn (OH) cement plant and cement terminal in Columbus (OH), including a bagging operation to Eagle Materials Inc for approximately US$400m. The 2016 EBITDA for the divested assets is estimated to be US$33m. The proceeds obtained from this transaction will be used mainly for debt reduction and for general corporate purposes. The Bank of America Merrill Lynch is acting as financial advisor to Cemex in this transaction. ... |
Kenya: ARM will look to improve margins13 September 2016, Published under Cement NewsARM Cement posted a pretax loss of KES473.5m (US$4.5 m) in the first six months, which the firm attributed to unrealised foreign exchange losses associated with borrowing for its new clinker plant. Managing Director, Pradeep Paunrana, told Reuters that the new 1.2Mta clinker plant has only been operating at about 75 per cent capacity since production began in April. "What this essentially means is that our production cost has come down drastically because imported clinker is much more expen... |