Cement News tagged: Corporate
Vicem sees Jan-Aug sales up 12% YoY
State-owned Vietnam Cement Industry Corp (Vicem) reported cement and clinker sales of 18.88Mt in the first eight months of this year. This represents an increase of 11.5 per cent when compared with 8M17. Clinker production from the company’s cement plants also increased by six per cent to 13.43Mt while in terms of cement, output rose 6.3 per cent to 15.24Mt. In August alone, clinker and ce...
Egypt's National Cement Co goes into liquidation
Egypt's Ministry of Public Sector has announced that the National Cement Co (NCC) has fallen into liquidation. NCC's kiln lines had been shutdown since 31 May 2018. Minister Hisham Tawfik announced that the company had lost EGP900bn (US$50bn) in the past year. The factory is also heavily in debt, owing EGP4.4bn to the Egyptian Natural Gas Holding Co and EGP700m to the Egyptian Electri...
Tanga Cement reduces loss
Tanga Cement reported a net loss after tax of TZS1.8bn (US$ 788,135) for the first half of 2018, a marked improvement of its business results when compared to 1H17 when losses reached TZS14.6bn. The company’s operating profit for the six-month period reached TZS6.7bn, an advance when compared with the TZS4.3bn operating loss for the equivalent period in 2017. “Our interim half year result...
Saudi cement sales drop 26% in August
Saudi-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 ...
Helwan Cement to sell white cement plant
Egypt’s Suez Cement has announced that its subsidiary, Helwan Cement Co, has entered into an agreement with Emaar Industries to sell its 1Mta white cement plant in Minya Governorate. The transaction is expected to take place after the facility is de-merged from Helwan Cement. The sale is part of the company’s restructuring strategy to improve its financial position.
Votorantim España appoints Alan Svaiter as new CEO
Votorantim España has named Alan Svaiter as its new CEO, replacing Jorge Wagner, who has taken up the post of CEO of Votorantim Cimentos Europe, Asia and Africa. Mr Svaiter will oversee a 500-head strong business that includes four cement plants, two grinding units, 29 concrete plants, eight sand quarries and a mortar plant. Mr Svaiter, a Brazilian national, has been part of Votorantim since ...
New president for Paraguay’s INC
Javier María Rodríguez Ferrer-Cajigal has been elected as new president of Paraguay’s state-owned Industria Nacional del Cemento. He succeeds César Antonio Bogado Ortiz, who resigned from the role last week.
Taiwanese producers record positive August results
Taiwan’s Asia Cement Corp has reported a 31.7 per cent YoY increase in revenue to TWD7.18bn (US$232.9m) for August 2018, alongside a 34.6 per cent rise in Jan-Aug revenue to TWD53.21bn. Elsewhere in the country, Taiwan Cement Corp noted a 54 per cent YoY surge in August revenue to TWD10.7bn from TWD6.95bn. In the Jan-Aug period, revenue reached TWD79.22bn from TWD60.88bn. Furthermore, Hsi...
Ohorongo Cement opens 5MW solar plant
Namibia’s Ohorongo Cement officially inaugurated its 5MW solar photovoltaic plant this week at the company’s head offices near Otavi, Otjozondjuba region, Namibia. Minister of Mines and Energy, Tom Alweendo delivered the keynote address. The Minister said solar power has grown exponentially in Namibia since the inception of the Renewable Energy Feed-In Tariff programme in 2014 that its contr...
Cemex seeks increased exploitation of Can Negret quarry
Cemex has filed an appeal for reversal of the Government resolution regarding the cement producer’s exploitation of the Can Negret quarry in Alaró, Spain. Cemex extracts limestone from the quarry for its Lloseta cement plant and wants to exploit the quarry until 2042 (and to 2072 with an extension) and over an area of 483,734m 2 . The government has agreed only to a term until 2032 (2037 in...
Quinn Cement launches product range in Ireland
Quinn Cement has launched a new range of bagged cement in Ireland following its success in Britain. The range represents an investment of EUR3m and includes three new cement products. Upon release in Britain, the products resulted in a significant increase in bagged cement sales. "We’re delighted to bring the new range to Ireland, particularly given the success we’ve witnessed in the British...
BUA Group plans new Ebonyi plant
Nigeria's BUA Group Ltd has announced plans to set up a plant in Okpoto, Ebonyi State. The company plans to use the large deposits of limestone and coal in the state and surrounding area to power and supply the facility. Alongside the demand for cement in the state, the facility is also expected to serve the southeastern market of the country. "We want to set up a cement plant here so that t...
UltraTech plants win awards at National Awards for Excellence in Energy Management
UltraTech has announced that five of its integrated cement manufacturing units have been recognised by the Confederation of Indian Industry (CII) at the 19th edition of the 'National Award for Excellence in Energy Management 2018'. Five manufacturing units of UltraTech Cement Ltd (UTCL) The awards included: 'Excellent Energy Efficient Unit' - Rawan Cement Works (RWCW) 'Best cemen...
Buzzi Unicem set to acquire 50% of Grupo Ricardo Brennand
Buzzi Unicem has signed an agreement with Grupo Ricardo Brennand aimed at acquiring 50 per cent of BCPAR SA, a subsidiary of Brennand Cimentos, including two integrated cement plants in Paraíba and Minas Gerais, Brazil. The agreement allows Buzzi Unicem to reach a 50 per cent stake in BCPAR SA after acquiring the totality of the shares held by the current minority shareholders, BNDESPAR and F...
UltraTech looks to increase presence in eastern India
UltraTech Cement is looking to increase its market share in eastern India to 23 per cent, due to the considerable growth in the region. "There is an excess demand in the eastern region. The capacity in east is less than the total demand, including in Bengal. The rise in cement consumption in east is 15 per cent, while nationally it is 5-6 per cent," said Dev Banerjee, joint president of Ultr...
Breedon's unaudited 1H18 results see revenues up 16%
Breedon Group Plc's interim results (unaudited) for 1H18 saw revenues up 16 per cent to GBP378.4m (US$378.4m) from GBP326.3m in 1H17. Profit before tax reached GBP30.4m down three per cent on GBP31.2m in 1H17. Net debt stood at GBP383.6m compared with GBP146.8m in 1H17. The company reported that it sold 9.3Mt of aggregates and 1.2Mt of asphalt and 1.6Mm 2 of ready-mix concrete in the peri...