Cement News tagged under: Southern Cement
Saudi cement companies fined for price manipulation14 April 2023, Published under Cement NewsSaudi Arabia’s General Authority for Competition (GAC) has fined 14 cement companies a total of SAR140m (US$37.33m) for price manipulation activities. Each company has been found guilty of trying to manipulate Saudi’s cement market with price increases, resulting in a SAR10m fine each. According to the Saudi Gazette, the GAC received numerous complaints that several cement producers were collaborating to raise cement prices and share the local market between themselves. After collecti... |
Southern Cement ships 3Mt of cement through Ipswich10 February 2021, Published under Cement NewsSouthern Cement has reached the 3Mt milestone as general cargo vessel MV Arklow Raider arrived from Bilbao into the port of Ipswich, UK, with 4600t of cement. The cement company started using the port in 2002. Dean Wessels, operations manager at Southern Cement, said: “We are delighted to reach the milestone of 3Mt of cement through our operation at Ipswich. We could not have achieved this without the commitment of our employees and business partners. Our relationship with ABP has allowed ... |
Saudi cement sales drop 26% in August12 September 2018, Published under Cement NewsSaudi-based cement companies reported a decrease in sales of around 26 per cent in August to 2.76Mt from 3.7Mt in August 2017, according to data from Al Yamama Cement. The producer also reported a YoY fall in total output of 27.7 per cent YoY to 2.74Mt in August. Cement stocks were slightly lower by 0.6 per cent to 1.16Mt. While Southern Cement led sales at 463,000t, it noted a 1.7 per cent YoY drop from 471,000t in August of the year before. Saudi Cement followed with 355,000t, down eight... |
Cementos Lemona starts exports to UK18 July 2013, Published under Cement NewsSpain’s Cementos Lemona has initiated exporting cement to the UK. The first shipment of 13,000t of cement will be delivered to Southern Cement, also owned by Lemona’s parent company, CRH. As part of an asset swap undertaken earlier this year, Cementos Portland Valderrivas (CPV) transferred its 99 per cent stake in Cementos Lemona SA to CRH. In addition to the Cementos Lemona assets, which has cement, ready-mix and aggregates operations in Bilbao, Spain, the deal included CPV’s Southern ... |
CRH boosts American profitability27 February 2013, Published under Cement NewsCRH's turnover improved by 3.2 per cent last year to €18,659m while the EBITDA was off by one per cent to €1640m. There were 36 acquisitions during the year and the outlook for acquisition opportunities is deemed positive. Trading profit declined by three per cent to €840m and after other charges, including a net interest charge 12.7 per cent higher at €258m and a €230m gain on disposals, compared with €55m in 2011, the pre-tax profit declined by 5.2 per cent to €674m. Excluding exceptional ... |
CRH and Cementos Portland Valderrivas confirm asset swap agreement26 February 2013, Published under Cement NewsCRH plc and Cementos Portland Valderrivas SA have reached agreement on an asset swap in relation to certain Spanish assets, effective immediately. The deal involves operations in Spain and the UK. CRH said in a statement that it will transfer its 26 per cent stake in Corporacion Uniland SA to CPV. In consideration, CPV will transfer its 99 per cent stake in Cementos Lemona SA to CRH. Cementos Lemona is an integrated cement, ready-mix and aggregates business located close to Bilbao ... |
Saudi Arabian demand seen rising 10.8% in 201220 March 2012, Published under Cement NewsSaudi Arabian cement consumption is expected to see a double-digit advance in 2012 thanks to increased levels of government spending, and while fuel shortage remains the key supply constraint for the domestic cement sector, the demand outlook remains strong, says a new report by NCB Capital. The main drivers for medium-term demand growth are government spending on infrastructure projects and housing, the research house notes. The economics team at NCB estimate 2012 government spending to ... |
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