Cement News tagged under: international
Kenya: National Cement to build 15MW power plant04 November 2014, Published under Cement NewsKenya’s National Cement, part of the Devki Group, plans to build a KES1.7bn (US$19m) coal-fired power plant to serve its clinker plant and limestone mining operation in Kajiado, Kenya. The power plant will produce 15MW of electricity and is being seen by the company as a more cost-effective alternative to the national grid. “The cost of procuring electricity from Kenya Power is twice as much when compared with the cost of generating power using coal,” according to National Cement's Environm... |
Egyptian Tourah Portland Cement net loss widens04 November 2014, Published under Cement NewsTourah Portland Cement Co more than doubled its third-quarter net loss to EGP35.38m (USD 4.95m) from EGP 14.69m in the same period of last year. The pre-tax loss stood at EGP37.72m versus EGP 20.57m a year earlier and operating loss amounted to EGP37.3m, compared to EGP 15.45m Gross loss came in at EGP16.9m, against EGP 3.56m. Revenue, however rose to EGP259.14m from EGP169.58m in the comparative period of the year before. Last week, parent company Suez Cement reported an increase in t... |
Holcim increases shipments in the USA, Africa and Asia03 November 2014, Published under Cement NewsHolcim’s turnover for the first nine months declined by 4.7 per cent to CHF14,243m, while in euro terms the reduction was 3.6 per cent to €12,136m and in US dollar terms the decline was just 0.9 per cent, while on a like for like basis there was a 3.4 per cent increase. The Asia Pacific region generated 36.6 per cent of group turnover, down from 37.5 per cent a year earlier, while Europe represented 29.9 per cent, up from 28.4 per cent. Latin America contributed 15.7 per cent against 17.1... |
HeidelbergCement won't bid for Lafarge and Holcim assets03 November 2014, Published under Cement NewsHeidelbergCement has said it will not bid for any of the assets up for sale by rivals Lafarge and Holcim as part of their planned merger. “After a thorough analysis, HeidelbergCement has decided to refrain from the ongoing bidding process for the assets offered for sale of Lafarge and Holcim in the frame of its merger proceedings, “ the German cement major said in a statement. There had been speculation that HeidelbergCement would use the anticipated proceeds from the announced sale of its... |
Vietnam's October sales slip03 November 2014, Published under Cement NewsVietnam’s cement sales are estimated to have fallen by three per cent YoY during October to 5.37Mt, latest data from the country's Ministry of Construction shows. Of the total sales volumes, domestic shipments accounted for 4.25Mt. In the first 10 months of the year, total sales are estimated to have risen six per cent YoY to 53.22Mt, including 41.51Mt for the local market. Vietnam’s cement sales are predicted to rise by 1.5-3 per cent to between 62-63Mt, comprising 48.5Mt of domest... |
Ashaka Cement appoints new CFO, Nigeria03 November 2014, Published under Cement NewsAshaka Cement Plc announced Bruno Bayet as new Chief Finance Officer (CFO) of the company. In a statement to the Nigerian Stock Exchange (NSE), the Nigeria-based cement producer said Mr Bayet was appointed following the resignation of Yusuf Lamuwa. The position is effective as of 1 September 2014. |
Coal prices expected to firm up in 201631 October 2014, Published under Cement NewsCoal prices are expected to remain subdued into 2015 as supply outpaces demand. Soft demand in China combines with strong mine ramp-ups around the world, which force additional cuts in output in the USA, according to Bank of America Merrill Lynch (BoAML). BoAML recently lowered its 2015 average Newcastle thermal price from US$73/t to US$65/t, but a new six per cent import tax for Australian coal into China may further depress this level. Further protectionist policies from China or subd... |
Better price realisations boost ACC and Ambuja’s third-quarter revenues31 October 2014, Published under Cement NewsHolcim’s Indian subsidiaries ACC and Ambuja Cements both reported higher revenues for the 3Q14, on the back of a recovery in prices, but sales volumes remained a concern. ACC, the country’s second-largest producer, saw revenue grew by 9.4 per cent to INR2742 crore, driven primarily by a better pricing environment. Operating EBTIDA rose 32 per cent to INR379.08 crore. Net profit was INR193 crore, up 62 per cent YoY. Sales volumes at 5.62Mt during the September quarter were only 1.4 per cent... |
Egypt: Suez Cement reports 18.3% rise in 3Q14 EBITDA31 October 2014, Published under Cement NewsSuez Cement Group of Companies (SCGC) reported a 48.2 per cent increase in revenues for the third quarter of this year. EBITDA during the three-month period rose by 18.3 per cent and net profit after non-controlling interest was up by 40 per cent. The Italcementi group company said that for the nine months to the end of September 2014, sales increased 30 per cent while recurring EBITDA was 7.8 per cent higher compared to the same period of 2013. However, higher corporate income taxes coupl... |
Cimerwa expansion on-track for 1Q15 completion31 October 2014, Published under Cement NewsRwanda’s sole cement producer, Cimerwa, is nearing completion of its expansion project and is on track to be ready in the first quarter of next year. Busi Legodi, chief executive officer of the cement producer, told AllAfrica News that 94 per cent of works have already been completed, with electrical installations and minimal mechanical works remaining. Legodi added that the plant should be completed by the end of the first quarter of 2015, lifting capacity from the current 100,000tpa to ... |