Cement News tagged: Corporate
Semen Indonesia expects 5% sales growth in 2017
State-owned cement company PT Semen Indonesia (Persero) Tbk is targeting 4-5 per cent sales growth in 2017. Semen Indonesia Corporate Secretary Agung Wiharto said that new plants in Rembang in Central Java and Indarung VI in Padang, West Sumatra, will help it achieve higher sales. “If they go according to plan, we expect Semen Indonesia’s new plants in Rembang and Indarung can contribute [...
Semen Indonesia IDR6trn expansion
Semen Indonesia has designated IDR6trn (US$449.1m) for capital expenditure in 2017 to finance its expansion programme. The programme includes the development of four plants set to add 10.5Mta to the company’s current installed capacity of 32.3Mta. Two plants are already under construction. Approximately IDR1trn of the year’s spending will be channelled into the construction of the Rembang p...
India: Sagar Cements sees sales dip in December
In a trading statement released this week, Sagar Cement has reported a slight decline in cement sales for December compared with a year earlier. Consolidated results – which include the firm’s BMM subsidiary – show cement sales dropping by 0.4 per cent to 154,196t. Sales at Sagar’s core business dropped more appreciably, being down 4.6 per cent at 100,054t. For the nine months from April...
India: Dalmia Cement wins limestone concession auction
Dalmia Cement has won the right to mine limestone in Odisha, eastern India, the Times of India reports. Dalmia saw off competition from Adani Cement and Hira Cement for the limestone reserves, estimated at 98.7Mt. The winning bid will see Dalmia pay 12.05 per cent of the revenue generated from the mining operations to the state government.
Vietnam: Vicem sells 25.8Mt of cement and clinker in 2016
State-owned Vietnam Cement Industry Corp (Vicem) sold around 25.8Mt of cement and clinker in 2016, representing a YoY rise of 11.2 per cent and surpassing the year’s target by 11 per cent. Some 22.73Mt of cement and clinker were sold in the domestic market, a 8.8 per cent rise when compared with 2015. Vicem increased its exports by 45.8 per cent to 3.07Mt. Output by the country’s leadin...
UAE: Arkan cutting energy usage in response to price rises
Emirati building materials firm Arkan, which operates the Al Ain and Emirates cement factories, has announced a series of energy saving measures in response to rising prices for electricity, water and natural gas, Trade Arabia reports. The initiatives include the installation of a waste heat recovery unit on the clinker cooler at the Al Ain cement factory. Arkan is also conducting a feasibi...
Trinidad Cement directors recommend rejection of Cemex bid
The board of directors of Trinidad Cement Ltd (TCL) has written to shareholders advising them to reject Cemex's TTD597m (US$89m) offer for a controlling interest in the company, the Jamaica Observer reports. “The company (TCL) has experienced a turnaround after multiple past efforts to do so. The evidence of the turnaround is supported by the company’s return to sustainable profitability in...
Nigeria: BUA Group to offer incentives to cement distributors
BUA Group, the conglomerate which owns the Cement Company of Northern Nigeria, is to offer incentives of NGN100m (US$0.3m) to cement distributors who exceed their sales targets, the Nation reports. “We have embarked on an expansion drive and this will be completed in 2018. Cement business is a very challenging one, because it is a capital intensive business; but I want to assure you that ou...
Pakistan: Kohat Cement interest in Dewan Cement
Kohat Cement Company Ltd has joined the race to acquire Dewan Cement’s North plant, a 1.134Mta facility located at Hattar industrial estate in northern Pakistan. The company has informed the Security & Exchange Commission of Pakistan and Pakistan Stock Exchange on 16 December that its Board of Directors has decided to participate in the bidding process for the purchase of North cement plant ...
India: Prism Cement sees losses shrink for 1HFY17
Prism Cement has released its financial results for the first half of its trading year, which began on 1 April, revealing a loss of INR50.62m (US$0.75m) over the six-month period. This compares favourably with the same period in FY16, when the company booked a loss of INR522.8m. Prism’s cement business saw revenues rise by 0.7 per cent and was the most profitable of the company’s three divi...
The Addoha Group's expansion continues
Ciments de l’Atlas (CIMAT) announced the recent opening of the new 0.5Mta Diago grinding plant in Mali, which will increase domestic cement production in the country by around 25 per cent . Mali has had to rely on cement imports from Senegal in the main to meet its domestic demand. It is expected that clinker imports will gradually start to replace bagged cement imports. Addoha Group-owned ...
France: Addoha Group's plant draws right-wing opposition
The CEO of Addoha Group, Anas Sefrioui, could see his Fos-sur-Mer cement plant project permanently held up due to local political contingencies. in 2012 Groupe Sefrioui, through its subsidiary Sudvrac, started a project to build a cement plant, near the port of Fos-Sur-Mer, some 50km from Marseille. The EUR50m project is expected to produce 0.4Mta of cement and create more than 100 job...
Uruguay: Cimsa to work with Ancap on Cementos Charrúa project
Company Industrializadora de Minerales SA (CIMSA) wants to form an association with Ancap of Uruguay to receive clinker for its subsidiary Cementos Charrúa, to produce cement at the grinding unit being built in Montevideo. The product is mainly earmarked for export to Brazil. Ancap operates a kiln line in Treinta y Tres, via its subsidiary Cementos de Plata, and will supply clinker to t...
France: Cemex highlights involvement in Grand Paris project
Cemex has released details of its work on the Grand Paris infrastructure project, the largest such programme in France. The company has supplied over 55,000m 3 of concrete for the extension of the Paris Metro, participated in the construction of the ZAC Clichy Batignolles Development Area and provided logistical support for the whole development. “We are proud to participate in monumental ...
China Resources Cement and BBMG sign strategic co-operation agreement
China Resources Cement said it has entered into a strategic co-operation agreement with BBMG Corporation. The parties will jointly explore the Chinese and overseas markets and further promote the advancement of the technology as well as the transformation and upgrade of the cement industry. Both companies will establish a market communications mechanism to strengthen the sharing of marke...
Nigeria: Ashaka Cement to be delisted from NSE
The Board of Directors of Ashaka Cement Plc have opted for a voluntarily delisting of the company from the Nigerian Stock Exchange (NSE) in violation of the exchange’s Free Float Deficiency provision of 20 per cent. According to the directors, Lafarge Africa Plc currently holds 84.97 per cent of Ashaka Cement, bringing the free float that is tradable on the NSE to 15.03 per cent as agai...