Cement News tagged under: Weekly Newsletter
ARM's 1H13 pretax profit rises 28%, Kenya10 July 2013, Published under Cement NewsAn increase in sales has helped ARM Cement, Kenya's second-largest cement producer, to achieve a double-digit rise in pretax profit. Pretax profit for the six months ended June jumped to KES1bn (US$11.51m), a rise of 28 per cent YoY, the company said in a statement. Cement sales rose by 28 per cent YoY in the reporting period. The company, which operates a 0.75Mta clinker plant at Kaloeni, near Mombasa, and a 1Mta grinding works in Athi River, has a total grinding capacity of 1Mta. It... |
Sino-Zimbabwe kicks off upgrade project10 July 2013, Published under Cement NewsSino-Zimbabwe Cement Company has started the first phase of an upgrade and refurbishment project at its factory situated 40km southwest of Gweru. Work is currently being undertaken on the cement mill and the kiln and is expected to be completed by the end of the year. Following completion of this first phase, clinker production capacity will raise to 0.2Mta. The second phase will focus on upgrading the warehouse and storage facilities and will be completed in the fourth quarter of... |
Pakistan hits domestic dispatch record09 July 2013, Published under Cement NewsPakistan achieved record domestic dispatches in the fiscal year 2012-13 (July-June) as sales crossed the 25Mt mark, 1.1Mt higher than last year’s 23.95Mt. Stagnant exports, however, held back the sector’s overall full-year performance. Accumulated data from the All Pakistan Cement Manufacturers Association (APCMA) showed that total dispatches during the fiscal (including exports) reached 33.43Mt, representing YoY growth of 2.82 per cent. Domestic dispatches accounted for 25.06Mt while 8.37... |
Iranian exports surpass 5Mt mark08 July 2013, Published under Cement NewsIran cement and clinker exports for the first three months of the current Iranian calendar year crossed the 5Mt mark. Exports for the period stood at 5.075Mt, which represented a 50 per cent increase compared to the same period of last year. Cement exports represented 4.21Mt of the total. The country plans to export over 18.5Mt of cement, Mohammad Fatemian, an official with the Industry, Mine, and Trade ministry, had previously said. In the Iranian year ended 20 March, Iran’s cement... |
Indonesia sales growth slows03 July 2013, Published under Cement NewsIndonesian cement sales during the month of May rose at their slowest pace for 17 months as all regions outside Java and Sulawesi registered declines. Following an 8.6 per cent rise in April, nationwide sales during May increased by 2.1 per cent to 4.7Mt, latest data from the country’s leading cement producer Semen Indonesia shows. Sales in Java, which accounts for 55 per cent of the local market, rose by 5.3 per cent to 2.8Mt. On the island of Sulawesi dispatches also increased 12 per... |
Vietnam cement production rises 7.2% in 1H1303 July 2013, Published under Cement NewsVietnam has reported a 7.2 per cent rise in production for the first half of the year to 28.1Mt, the country’s General Statistics Office (GSO) has said. Last month, cement output increased by 21 per cent to 5.3Mt compared to the same month of the previous year, the GSO said in its monthly report on the sector. However, the office has revised down cement production figures for the January-May 2013 period to 22.9Mt from a previous estimate of 23.5Mt. This year, cement sales are envisa... |
CRH: acquisition and investment update, Ireland02 July 2013, Published under Cement NewsIrish building materials major CRH plc announced it has undertaken 17 acquisition and investment initiatives during the first half of 2013. These transactions, together with the acquisition of Cementos Lemona in Spain (acquired as part of the Uniland asset swap announced in February) and net deferred consideration payments, bring development spend for the first half of 2013 to approximately €470m. Proceeds to date from divestments and disposals, including the Uniland swap, amount to approxim... |
Pakistan export earnings up in 11MFY1302 July 2013, Published under Cement NewsDuring the first 11 months of fiscal FY12-3, Pakistan exported 8.013Mt of cement and earned US$524.68m, up 1.27 per cent and 17.43 per cent, respectively. These latest figures come from Pakistan’s Federal Bureau of Statistics also show that in terms of local currency, the value of exports surged by 27.51 per cent to PKR50.64bn during July 2012-May 2013. Average export prices also rose by 15.95 per cent to US$65.47/t over the 11 months of the current fiscal compared to US$56.46/t in the com... |
China: concentration is the key02 July 2013, Published under Cement NewsChina Cement Association had drafted a plan to promote mergers and acquisitions (M&A) activity and step up the elimination of obsolete capacity to increase concentration of the domestic production base. According to the strategy entitled ‘Implementation Plan for Accelerating M&A in Cement Industry’, the number of cement enterprises in the country will witness a significant drop during the 12th Five-Year Plan period (2011-15) from the 2010 level, with no more than 1000 cement clinker units a... |
HeidelbergCement expands its capacity in Liberia01 July 2013, Published under Cement NewsHeidelbergCement has successfully commissioned a new cement mill at its cement grinding plant in Monrovia, the capital city of Liberia. The investment in the new mill, which has a capacity of 0.5Mta, amounted to US$14m. The Liberian subsidiary Cemenco is the only cement producer in Liberia and has a strong market position. The company is part of HeidelbergCement’s network of cement grinding facilities on the West African coast supporting the Group’s regional strategic presence. “The co... |