International

31 October 2014

Coal prices expected to firm up in 2016

Coal 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 ...

31 October 2014

Better price realisations boost ACC and Ambuja’s third-quarter revenues

Holcim’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,...

31 October 2014

Egypt: Suez Cement reports 18.3% rise in 3Q14 EBITDA

Suez 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 ...

31 October 2014

Cimerwa expansion on-track for 1Q15 completion

Rwanda’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...

31 October 2014

Cemex UK launches new Technical Development Programme

A new Cemex UK Technical Development Programme has been launched this week to develop the technical managers of the future. Six technicians embarked on the first 18 month programme with an Orientation Day at Cemex’...

30 October 2014

SCG chief anticipates 5% rise in 2015 demand

Cement demand in Thailand is expected to increase by at least five per cent next year stimulated by an acceleration of government infrastructure development, according to the chief of the country’s leading cement pro...

30 October 2014

Vietnam October output up 10.3% YoY

Vietnam is estimated to have produced 5.2Mt of cement in October, up 8.33 per cent from September and 10.3 per cent from a year ago, the government’s General Statistics Office (GSO) said. In the first 10 months, t...

30 October 2014

India: Malabar Cements gets state gov't nod for Cochin Port unit

The state government of Kerala, India, has given Malabar Cements Ltd the green light to set up a bulk cement handling unit at the Port of Cochin. Malabar Cements has shown an interest in establishing a cement handl...

30 October 2014

Nova Scotia to use fracking waste at Lafarge plant

Canada's Nova Scotia province has given the go-ahead for 5Ml of hydraulic fracturing wastewater to be disposed at the Lafarge Brookfield plant following a successful pilot project earlier this spring. The province’s...

30 October 2014

Al Jouf sees double-digit rise in 3Q net profit, Saudi Arabia

Saudi-based Al Jouf Cement Co posted a 17 per cent YoY increase in its third-quarter net profit to SAR8.6m (US$2.29m), boosted by higher sale volumes. Operating profit grew almost 19 per cent in annual terms to SAR...

29 October 2014

Holcim Philippines board gives nod for Lafarge talks

Holcim Philippines’ board of directors have authorised the company to “consider and negotiate the purchase” of Lafarge’s shares in Lafarge Illigan Inc, Lafarge Mindanao and Lafarge Republic Aggregates, Holcim said in...

29 October 2014

Suez Cement starts trial production using coal at its Kattameya plant

Suez Cement has started trial production using coal at its Kattameya plant in Egypt. Commercial production is scheduled to start next month, its chairman has said. Preparations for coal usage at the company’s Suez pl...

30 October 2014

Colombia's cement market expands 11% in September

Cement dispatches in Colombia rose 10.6 per cent YoY in September to 1.086Mt, according to the country’s statistics office, Dane. Grey cement production reached 1.072Mt, registering an increase of 6.9 per cent YoY. ...

28 October 2014

Cemex recognised as employer of the year in the Philippines

Cemex recently won the top recognition by the People Management Association of the Philippines (PMAP) for human resource excellence at its APO Cement Plant in the Philippines. PMAP’s Employer of the Year Award annu...

27 October 2014

Leocem warns of Sierra Leon shortages

Leocem Sierra Leone has warned on cement shortages in the west African country as the Ebola epidemic has led to a decline in the number of cargo ships coming to the capital, Freetown. Citing concerns by shippers, th...

27 October 2014

Southern Cement 3Q net profit up 53% YoY, beats esitmates

Southern Cement posted a third-quarter net income of SAR285m (US$76m), rising 53 per cent YoY. The result was above NCB Capital and consensus estimates of SAR200m and SAR196m, respectively.   However, on an adjust...