Cement News tagged under: international
China Tianrui Group Cement expects 30% drop in 2015 profit18 February 2016, Published under Cement NewsChinese cement manufacturer China Tianrui Group Cement Co said Thursday it expects its 2015 net profit to drop more than 30 per cent from a year earlier. The decline is attributed to weaker domestic cement demand and lower selling prices. The company, which didn't specify its expected net profit for the year, posted a net profit of CNY564.9m (US$86.6m) in 2014. The 2015 financial results will be released by the end of March, the company said. |
K-Electric signs additional supply agreement with Attock Cement18 February 2016, Published under Cement NewsKarachi-based electric supplier K-Electric has signed an accord to provide an additional 16MW of electricity to Pakistan producer Attock Cement Ltd. Present at the signing ceremony were Irfan Amanullah, company secretary of Attock Cement, and Asif Saad, K-Electric’s chief operating officer of Distribution, among others. Speaking at the ceremony, Mr Saad said: “This initiative would not only serve the purpose of provision of additional MW [mega watts], this would pave the way in years ... |
Peru: Pacasmayo 4Q15 boosted by public sector demand, new Piura facility17 February 2016, Published under Cement NewsPeru-based Cementos Pacasmayo saw a nine per cent in fourth-quarter volumes which benefitted from the anticipated increase in demand from the public sector, the company said in a statement yesterday. Crucially, supplies were supported by its new Piura facility which improved Pacasmayo's competitive position in the northern region of the country, it added. Fourth-quarter revenues rose by 8.7 per cent and EBITDA up more than 10 per cent, excluding the impact of extraordinary non-operating i... |
HeidelbergCement India commissions Madhya Pradesh WHR facility17 February 2016, Published under Cement NewsHeidelbergCement India has successfully commissioned a 12MW waste heat recovery (WHR) facility at its Narsingarh Plant in Damoh, Madhya Pradesh, on 15 February 2016. The WHR plant will utilise the waste heat generated by the clinker lines. The power generated will substitute equivalent grid power, thereby reducing the plant's power costs. |
Peru’s cement demand edges down in January16 February 2016, Published under Cement NewsCement consumption in Peru slipped by 0.4 per cent YoY from 816,000t in January 2015 to 813,000t in January 2016, according to the country’s cement association, Asocem. In addition, clinker exports reached 28,000t, down 69 per cent, while cement exports fell by 29 per cent to 29,000t during the first month of 2016. On the supply side, production increased 0.1 per cent from 857,000t to 858,000t. Cement imports totalled 50,000t, up 13 per cent YoY, while 44,000t clinker was also imported.... |
Latest MPA report highlights 'real concerns behind declining aggregate reserves'12 February 2016, Published under Cement NewsThe Mineral Products Association's (MPA) fourth Annual Mineral Planning Survey (AMPS4), covering the period to the end of 2014, shows that although the demand for aggregates continues to recover but the findings brings into sharper focus the problems of declining reserves that were raised in previous surveys. "Unless action is taken on updating and extending the coverage of mineral plans and speeding up the planning process the construction industry will face increasing supply challenges ... |
Hope to launch bagged cement product, UK11 February 2016, Published under Cement NewsHope Construction Materials has announced the launch of its new bagged cement product. Its Professional Grade Cement, the newest entrant into a UK bagged cement market worth GBP180m annually, will be available to customers across the southern half of England later this year. The newly-revealed product pack design, developed in association with Cognition Agency, features a large ram – a nod to the firm’s rich Derbyshire roots and the source of the raw materials used to make the cement. Ho... |
Kenya November 2015 demand down 5.5%11 February 2016, Published under Cement NewsCement consumption in Kenya fell by 5.5 per cent from 520,833t in October to 492,340Mt in November 2015, according to the Kenyan Bureau of National Statistics. Output decreased 4.8 per cent to 522,446t in November from 547,509t the previous month. For the first 11 months of 2015, domestic demand reached 5.138Mt while production totalled 5.743Mt. |
JK Cement resumes production at Karnataka unit, India10 February 2016, Published under Cement NewsJK Cement has resumed production at its 3Mta facility in Baglakot, Karnataka, after operations were temporarily halted when the roof of a clinker silo caved in. "Production of clinker and cement has resumed with operation of the kiln by making an alternate arrangement using two RBC belts for feeding the clinker directly to the cement mill," JK Cement said in a filing to the Bombay Stock Exchange. Operations had been temporarily suspended on 27 January 2016 due to the incident. The company... |
Dangote Cement to target 76.5Mta capacity in Africa by 2020, CEO tells Cemtech 25th anniversary conference09 February 2016, Published under Cement NewsCemtech’s 25th anniversary celebrations have commenced as the international conference and exhibition series opens its doors in Dubai, UAE, for its annual Cemtech Middle East & Africa meeting. In his welcome address to delegates conference director, Thomas Armstrong, welcomed Guest of Honour, His Excellency Sheikh Yasir Al Qassemi, General Manager of Union Cement Company and Chairman of the UAE Cement Producers’ Association, alongside senior industry figures including Ahmad Al Rousan, Gener... |