Cement News from International Cement Review


Cimerwa posts 6M revenues of RWF44bn
Corporate - 01 July 2022

Cimerwa posts 6M revenues of RWF44bn

Cimerwa Plc ( PPC Group ) has announced a RWF5.2bn (US$5m) net profit in the six months for the period ended 31 March 2022 with total revenue of RWF44bn, indicating a 45 per cent increase compared to the same period last year. Albert Sigei, the CEO of CIMERWA Plc,   said: “It has been a great six months and the main factors that helped us include improvement in plant operating efficie...

International - 04 July 2022

UltraTech Cement stalls on plant purchase

UltraTech Cement has reportedly done a U-turn on its agreement to purchase a cement plant from Jaiprakash Associates. The 3Mta plant formed part of UltraTech's acquisition of six integrated cement plants and five grinding units from the Jaypee Group , at a total cost of INR161,890m (US$2.4bn). A number of environnmental clearances were pending related to the plant, according to The Econo...

Trading - 04 July 2022

PPC calls for SA government action on cement dumping

PPC has urged South Africa’s government to investigate “cement dumping” by countries such as Vietnam. It believes that the survival of the local cement industry may be under threat if the practice is left unchecked. PPC CEO Roland van Wijnen said that the Department of Trade, Industry and Competition should also consider broad import tariffs for cement to avoid new countries dumping cement a...

Freight Markets - 23 June 2022

Negative sentiments spreading in freight markets

By Maria Vasyutenko, associate of Brannvoll ApS The USG Supramax/Ultramax spot freight market came under pressure amid increased tonnage supply in the area. Many vessels are ballasting towards USG regardless of the falling rates, which maintains the pressure on the USG and USEC markets and at once highlights the relative weakness of the European freight market. Thus, the USG market sentimen...

International - 04 July 2022

UltraTech Cement stalls on plant purchase

UltraTech Cement has reportedly done a U-turn on its agreement to purchase a cement plant from Jaiprakash Associates. The 3Mta plant formed part of UltraTech's acquisition of six integrated cement plants and five grinding units from the Jaypee Group , at a total cost of INR161,890m (US$2.4bn). A number of environnmental clearances were pending related to the plant, according to The Econo...

Environmental - 04 July 2022

Titan Group donates to fire prevention programme

Titan Group and the Pavlou and Alexandra Kanellopoulou Foundation (PAKF) are donating EUR1m towards the prevention and response to forest fires, the reconstruction programme of northern Evia, the elaboration of climate risk studies and the implementation of an education and awareness programmes for fire prevention. The contribution to the Reconstruction Programme of Northern Evia inc...

Recent Orders - 04 July 2022

FLSmidth wins US$56m Asian greenfield order

FLS has won an order for an undisclosed Asian greenfield cement plant. The order is valued at more than DKK400m (US$55.8m) and has been booked in 2Q22. The equipment will be supplied during 2023. The contract includes an FLSmidth OK TM Raw Mill, OK TM Cement Mill and Low NOx ILC preheater, which are flagships in FLSmidth’s MissionZero programme for Cement. "This project sh...