Cement News tagged under: sales
PPC not to raise capital and focus on growth29 September 2021, Published under Cement NewsSouth Africa-based PPC has successfully refinanced its debt and is close to finalising its restructuring. Therefore, the company will not require a capital raise, said its CEO, Roland van Wijnen. The new debt facilities of ZAR2.1bn have an extended maturity profile with the long-term facility of ZAR1.5bn being repayable over 3-5 years. The margins were reduced across all facilities to reflect PPC’s improved credit risk profile. “The organisation is now in calmer seas after a hectic 18 mo... |
Lebap Cement sees 8% rise in dispatches27 August 2021, Published under Cement NewsThe Lebap Cement plant in Turkmenistan delivered 470,924t of M-400 and M-500 Portland cement to customers between January-July 2021, according Trend News Agency. The data reflect a 7.8 per cent YoY rise in dispatches. The plant currently has a production capacity of 1Mta and is located in the Koytendag district of the Lebap region, but is undergoing a 1Mta expansion project. Commissioned in 2013 the production facility has supplied both the domestic and export markets. |
Aalborg Portland reports sluggish Futurecem sales27 August 2021, Published under Cement NewsSales of its lower-carbon cement, Futurecem, have not reached the projected volumes of 40,000tpa, 18 months after its market launch, according to Denmark-based Aalborg Portland. To date sales of 2000t have been reported. Aalborg Portland CEO, Michael Lundgaard Thomsen, said the company will carry out a 20-30 per cent price reduction to bring Futurecem’s price in line with that of standard cement. However, he added that the price was not the only reason for the subdued sales of the product.... |
Fancesa changes sales policy30 June 2021, Published under Cement NewsBolivian cement producer Fancesa is changing its sales policy. The company will no longer sell exclusively through its authorised agencies, according to Correo del Sur. At present, almost all of the company’s sales in Sucre, Potosí and Tarija are made through authorised agencies. In Santa Cruz, Fancesa cement is sold through the company, agencies and hardware stores while in La Paz, El Alto and Oruro sales are made directly by the cement company. In the so-called “free sale of ceme... |
Indocement targets 4% sales growth19 January 2021, Published under Cement NewsHeidelbergCement-owned PT Indocement Tunggal Prakarsa Tbk is targeting a four per cent sales volume growth this year on the condition that the business world will resume operations following COVID-19 vaccination programmes, according to the company’s Director and Corporate Secretary, Antonius Marcos. Last year sales of the Indonesian cement producer reached 16.5Mt and the new objective sets expected sales in 2021 at 17.16Mt. However, the growth target remains below the 18.1Mt sales of 2018 ... |
Namibia’s cement sales affected by COVID-1917 August 2020, Published under Cement NewsThe lack of economic activity due to the coronavirus pandemic has affected cement sales by Ohorongo Cement, said Frankleen Alberts, the company’s customer relations and public affairs manager. “Cement sales have been affected since the outbreak of the virus. We were able to continue supplying our Namibian market without major interruptions while adhering to the regulations under the state of emergency. However, due to the restrictions and quarantine rules by neighbouring countries, our exp... |
Bangladesh's raw material imports decline 13%11 August 2020, Published under Cement NewsThe value of raw material imports for Bangladesh’s cement industry fell almost 13 per cent YoY to BDT64.81bn (US$764.1m) in the FY19-20, on the back of a stagnation in construction activities due to the COVID-19 pandemic. Businesses imported 18.6Mt of cement clinker, granulated slag, limestone flux and gypsum in the last fiscal year, down from 20.99Mt a year ago, according to the Chattogram Custom House. Most of the materials came through the Chattogram port from Thailand, Vietnam and Chin... |
INC reports record July sales04 August 2020, Published under Cement NewsParaguay-based Industria Nacional de Cemento (INC) has reported a record volume in cement sales at the end of July, reports Agencia de Información Paraguaya. The company sold 1,610,708 bags of cement in July, or an average of 48,500 bags/day. INC President, Ernesto Benítez spoke about the new milestone of 1,610,708 bags sold in a single month. “Not only the best-selling product is pozzolanic, but also masonry and structural cement. Both had a significant rebound," he said. He added the dat... |
Sinai Cement sees net losses widen in 1Q2016 June 2020, Published under Cement NewsEgypt’s Sinai Cement saw its net losses widen 35 per cent YoY to EGP105.44m (US$6.5m) in the first quarter of 2020, compared to a loss of EGP78.16m in the corresponding period of last year. However, the company’s net sales increased 5.3 per cent YoY to EGP211.73m from EGP201.08m in the 1Q19. |
Akhangarancement sets record shipment figures in May12 June 2020, Published under Cement NewsUzbekistan’s Akhangarancement, part of Eurocement, shipped a record monthly shipment of more than 180,000t of cement in May 2020, up 10.6 per cent YoY. Gennady Kulikov, general director of Akhangarancement, praised the contribution of the clinker firing department, automotive workshop, cement shipping and packaging section, and the sales department in reaching the record level. "Despite the special mode of operation associated with the coronavirus pandemic, the enterprise team at all s... |