Cement News from International Cement Review

Corporate - 07 August 2018

Vicat sees strong growth in net profit

Vicat's 1H18 turnover improved by 2.7 per cent to EUR1281m, or by 9.6 per cent on a comparative basis. EBITDA advanced by 4.5 per cent to EUR197m, or by 12.3 per cent on a comparative basis, and the margin improved from 15.1 to 15.4 per cent. The trading profit rose by 21.3 per cent to EUR104m, while the net interest charge was EUR1.8m lower at EUR11.1m, giving an attributable profit 47.2 per ...

International - 13 August 2018

Brazil cement sales fall 3% YoY in July

Domestic cement sales in Brazil slipped 2.5 per cent to 4.589Mt in July when compared with the year-ago period when sales reached 4.709Mt, according to the country’s cement association, SNIC. Exports increased by a third to 8000t from 6000t in July 2017. In the first seven months of 2018, cement sales fell 1.7 per cent to 29.969Mt from 30.48Mt in the 7M17. Apparent consumption, which includ...

Trading - 02 August 2018

Belarus and Russia trade US$400m of cement in 2014-18

The Belarusian Architecture and Construction Ministry (BACM) has announced that US$400m of cement was traded between Belarus and Russia between 2014-2018. Anatoly Cherny, BACM minister, and Mikhail Skorokhod, president of Eurocement Group, met on Wednesday to discuss 1H18 results and future tasks, according to Belarus Daily News. A bilateral document was signed in 2014 allowing Eurocement to...

Freight Markets - 13 June 2018

JT Cement orders 8000dwt cement carrier

Norway’s JT Cement AS has ordered a pneumatic cement carrier from Netherlands-based Ferus Smit, according to Erik Thun AB. The ship will be the sister vessel of M/V Greenland and is scheduled for delivery in July 2019. "The vessel will be an improved version of Greenland but with a somewhat larger cargo carrying capacity at 8000dwt. In addition, we will increase the LNG tank capacity to 200m ...

Corporate - 14 August 2018

Argos sees 2Q profit slide but notes improved 1H net income

Colombia's cement market leader, Cementos Argos, saw revenues advance by 1.4 per cent to COP2.184trn (US$727m) in the 2Q18 from COP2.154trn in the year-ago period. Operating EBITDA fell by 11.2 per cent to COP328.3bn in 2Q18 when compared with COPCOP369.7bn in April-June 2017. In addition, Cementos Argos reported a 59.7 per cent drop in net profit to COP29.4bn in the April-June 2018 quarter,...

Environmental - 13 August 2018

ResourceCo opens Sydney waste-to-fuel plant

A new multi-million dollar waste-to-fuel plant has been opened in Sydney at Wetherhill Park by ResourceCo in a joint venture with Cleanway, an industrial and environmental services company. The new faculity will divert more than 50,000 truckloads of waste from landfill and will reduce the country's dependence on coal and petcoke. Ben Salway, CEO of Sustainable Energy at ResourceCo, said:...

Recent Orders - 10 August 2018

Deshbandhu Group awards contract for 1500tpd plant

Guangdong Power Engineering Co Ltd, an arm of Energy China, has won a contract to construct a 1500tpd cement plant for the Bangladesh-based Deshbandhu Group. The company is now seeking US$100m of funding for the project, which will likely be supplied by China’s policy banks and international policy banks, alongside the Bangladesh government and international bank consortiums, according to In...