Cement News tagged: International
Drop in Saudi 2Q earnings expected
Six Saudi cement companies are expected to see a decline in their revenues and profits, by 37.1 to 62.8 per cent in the second quarter of 2017, according to a recent report by Al Rajhi Capital. The companies covered in the report are Arabian Cement, Yamama Cement, Saudi Cement, Qassim Cement, Yanbu Cement and Southern Province Cement. The sales volume of the Saudi cement sector declined by 1...
UltraTech reduces prices
UltraTech Cement has reduced prices of its products by 2-3 per cent, extending benefits of a tax reduction under the countrys Goods and Service Tax (GST) regime, local press report. The company has started the supply of batches from its warehouses on new rates effective 1 July , when the new tax structure came into force. Cement has been taxed at 28 per cent under the GST as compared to...
Buzzi completes acquisition of the Zillo Group
Buzzi Unicem has completed the acquisition of the Zillo Group with the purchase of the remaining 52.1 per cent of the share capital of Cementizillo, the Italian cement major confirmed in a statement earlier this week. Following completion of the deal, Buzzi Unicem owns 100 per cent of the company. The acquisition includes two integrated cement plants at Moncelice and at Fanna and will make B...
Pakistan cement output up 6.6% YoY
Cement output in Pakistan during the first 10 months (July-April) of FY17 increased by 2.12 per cent on a MoM basis and 6.63 per cent on a YoY basis. According to data released by the country's Federal Bureau of Statistics, the domestic cement industry produced 3.33Mt in April 2017 compared to 3.258Mt in April 2016. On cumulative basis, during July-April 2017 cement production totalled...
Ambuja Cements receives state nod for new grinding plant
Odisha's State Level Single Window Clearance Authority (SLSWCA) on Friday gave Ambuja Cement the go-ahead to construct a 1.5Mta cement grinding unit. The LafargeHolcim group's Indian concern has proposed the facility be established on 125 acres of land at Jharsuguda, according to Business Standard India.
Cement demand in Honduras to rise 6% in 2017
Cement demand in Honduras is expected to rise by six per cent YoY in 2017 due to strong demand from road projects and housing. “Cement consumption this year is expected to peak, I believe it will reach around 50m bags,when compared with last year, when 44m of bags were used. This year we will have a record consumption in the country’s modern history,” said the Vice President of the Honduran...
Canacem: high demand pushes up Mexican cement prices
Mexico’s National Chamber of Cement (Canacem) has attributed the increases in domestic cement prices to the high demand in the domestic market despite that construction players maintain that there are no conditions to justify the increases. "Cement prices in Mexico are established by the dynamics of supply and demand. The price varies depending on the region and the brand, because of the di...
HeidelbergCement and RWTH Aachen to research 'CO2MIN'
HeidelbergCement and Aachen University are setting up a three-year project to investigate absorbing CO 2 from flue gas using olivine and basalt. Funded by EUR3m from the German Federal Ministry of Education and Research (BMBF), and surpported by supported by the Potsdam Institute for Advanced Sustainability Studies (IASS) and the Dutch start-up Green Minerals, the CO2MIN project aims to turn ...
Argentine cement market expands 9% YoY in May
Argentina’s cement demand increased 9.8 per cent YoY to 967,695t, according to the country’s cement association, AFCP. The rise in consumption is mainly attributable to an increase in bulk cement, which was up 28 per cent YoY, offsetting a three per cent dip in bagged sales. Domestic demand includes 5932t of imports, a MoM rise of 86.7 per cent. In May 2016 there were no cement imports....
MPA publishes new water strategy
The Mineral Products Association (MPA) has published its new Water Strategy, outlining the industry's three key aims of minimising water consumption, prioritising the use of the most sustainable water sources and protecting the water environment by sustainably managing water being used and passing through its members' sites. Achieving these aims will enable the mineral products industry to i...
Cement Hranice sees sales and profits rise in 2016
Dyckerhoff-owned Cement Hranice reported a one per cent rise in sales in CZK1.476bn (US$0.064m) in 2016. Net profit of the Czech cement producer advanced from CZK410m to CZK424m, according to the company’s annual report. Board Chairman, Jaromir Chmela, reported a moderate sales volume increase in the Czech Republic and Slovakia. "The Czech construction sector reported a mild recovery again,...
SCG establishes joint venture logistics company in Indonesia
SCG Cement - Building Materials Company (SCG), a wholly-owned subsidiary of Siam Cement Co (SCC) and PT Barito Investa Prima, have agreed to establish PT SCG Barito Logistics in Indonesia. The investment has an enterprise value of approximately THB162m (US$4.8m), whereby SCC will hold an indirect stake of 49 per cent through SCG, PT Barito Investa Prima will hold the remainder. This joint v...
Delays in offloading clinker at Chittagong following marine incident
Delays in the offloading of clinker have been experienced at Bangladesh's Chittagong Port after bulk carrier Ocean Phoenix, laden with 45,000t of clinker on board, started to drift on the outer anchorage, after her anchor dragged. The vessel then made contact with the anchored stern of bulk carrier Green Phoenix, which was also loaded with 54,500t of clinker. Both vessels sustained damages,...
Colombian sales dip under 1Mt mark
Colombian grey cement deliveries slipped 0.6 per cent YoY to 0.999Mt in May 2017, according to DANE, the country’s statistics office. This compares favourably with a 5.3 per cent market contraction reported in May 2016. Rains in several parts of the country have affected sales, according to local sources. The market of Casanare saw sales drop by nearly a third while Norte de Santander and Ce...
Conch to begin Ulyanovsk plant construction in 2018
Anhui Conch Cement of China plans to begin construction of a cement plant in Russia's Ulyanovsk region, in spring 2018, local media have reported citing the press office of the region’s Russian Development Corp. "At the moment, a legal entity has been established and the first staff recruited to coordinate all activities carried out under the project. The design work has begun. In spring of ...
4M17 sales retreat 5.3% in Morocco
Cement sales in Morocco have fallen 5.3 per cent in the first four months of 2017 YoY following a 3.5 per cent rise the previous year, according to the Moroccan Economics and Finance Ministry. The fall has been attributed to the drop in sales in Marrakech-Safi (-11.7 per cent), Casablanca-Setta (-6.7 per cent), Tanger-Tétouan-Al Hoceima (-9.7 per cent) and Oriental (-10.4 per cent). Growth ...