Cement News tagged under: corporate
China National Building Materials (CNBM)28 October 2013, Published under Cement NewsChina National Building Materials (CNBM) has entered into an agreement with Qatari Investors Group to expand the Al Khaliji Cement plant. Al Khaliji, a subsidiary of Qatari Investors Group, is planning to double clinker and production capacity at the plant to 12,000tpd and 14,000tpd, respectively. FLSmidth is to supply equipment and machinery for the US$190m expansion. With Qatar predicted to spend US$140-150bn on infrastructure over the next decade, and with no other major cement capacit... |
PT Indocement28 October 2013, Published under Cement NewsConstruction has begun this month on PT Indocement’s new brownfield cement plant in Citeureup, Bogor. The plant will have a production capacity of 4.4Mta, making it the biggest in Indonesia. Costing up to IDR6.5trn (US$670m), the plant is due to be operational by 2015. According to the company, the plant will aim to significantly reduce CO2 emissions, energy and water consumption. Baghouse filtration technology will also ensure reduced dust emissions. Equipment for the plant is being supp... |
Anhui Conch Cement Co28 October 2013, Published under Cement NewsPingliang Conch Cement, a subsidiary of Anhui Conch Cement Co Ltd, has been awarded special funds of CNY3m (US$492,802) in recognition of its energy saving achievements. The award made by the Environmental Protection Bureau of Gansu Province marks the company’s successful use of denitration and denitrification technology to meet national, provincial and municipal energy conservation standards. During 2013 the company has invested in a number of energy saving technology innovations. By Aug... |
Cementos Argos28 October 2013, Published under Cement NewsIncreased activity in Colombia’s residential and commercial construction sector have boosted cement sales at Cementos Argos by four per cent to 8.5Mt in 9M13, compared to the same period last year. Consolidated EBITDA over the same period was also up by 23 per cent to over US$400m. Operating profit was up by almost 40 per cent YoY while consolidated revenue recorded a 12 per cent increase to just under US$2bn. Cement sales throughout Colombia have risen five per cent over the last nine mo... |
Dangote Cement28 October 2013, Published under Cement NewsAs part of its strategy to reach 55Mt of cement production by 2016, Dangote Cement recently announced plans to build a new cement plant in Niger. The plant, which is expected to cost US$350m, will have a production capacity of 1.5Mta. According to the company, the project will not only create up to 7000 new jobs, it will also produce its own electricity with any surplus being used to boost Niger’s existing inadequate power supply. With just one cement plant with a capacity of just 40,000t... |
EAPCC swings to full-year profit, Kenya28 October 2013, Published under Cement NewsEast African Portland Cement Co (EAPCC) has posted a profit for the full-year ending June 2013, having recorded a loss in the same period of last year. The company, in which Lafarge and Bamburi Cement each have a stake, reported that profit after tax rose to KES1.7bn (US$20m) compared to a net loss of KES972.7m the year before, the Nairobi Securities Exchange said on Friday. Sales increased by 8.2 per cent YoY to KES9.2bn while the cost of sales fell by 6.9 per cent. “This was due to ... |
UltraTech Cement28 October 2013, Published under Cement NewsUltraTech Cement’s performance in 3Q13 has fallen well below expectations with net profits tumbling 52 per cent YoY to INR2.6bn (US$42m). This marks the biggest drop in profit for the company since 2010. Rising input and energy costs have been blamed for putting pressure on margins for many of India’s cement companies. Low demand also remains a concern in an economy that is growing at its slowest pace for a decade. “Logistics and raw material costs continued to rise given the high diesel... |
PPC28 October 2013, Published under Cement NewsPPC, southern Africa’s leading cement supplier, has announced plans to build a new 1Mta plant in the Democratic Republic of Congo (DRC). The company has signed a Memorandum of Understanding with DRC’s Barnet Group to construct the greenfield plant 20km from Kimpese in the west of the country. Costing US$230m the plant is expected to be operational by the end of 2015. The new plant should help to address the severe undersupply of cement in the country, despite the presence of a number of e... |
Cemex: 9M13 turnover edges ahead25 October 2013, Published under Cement NewsFor the first nine months of the year, Cemex' turnover edged ahead by 0.7 per cent to US$11,352.7m but but EBITDA eased by 0.3 per cent to US$2001.2m as Mexico continues to drag on the company's performance although substantial improvements are seen in the US. The trading profit improved by 12.3 per cent to US$926.3m while the net interest charge increased by 8.3 per cent to US$1,139.4m. The pre-tax loss was reduced by 27 per cent to US$174.3m, but a 53 per cent increase in the tax cha... |
Viettel to buy 70% stake in Cam Pha Cement25 October 2013, Published under Cement NewsThe Viettel Group has signed an agreement with Vietnam Construction and Import-Export JSC (Vinaconex), to buy a 70 per cent stake in Cam Pha Cement JSC. Military run-Viettel also purchased Cam Pha Cement’s debts guaranteed by VCG, the Dau Tu Chung Khoan newspaper said, adding that the deal had a total value of US$127m. Cam Pha will sell its cement to military-run construction companies, according to newswire Cafef.vn. With the share sale, Vinaconex will cut its holding in the loss-makin... |