Cement News tagged under: Fuel

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24 August 2016, Published under Cement News

Dangote Cement has reported a 20.6 per cent increase in revenue to NGN292.2bn (US$925m) for the first half of 2016, compared to the same period last year. EBITDA, however, has fallen by 10.2 per cent to NGN132.5bn due to lower selling prices, higher fuel costs and the impact of Pan-African plants in the ramp-up phase. The six months saw the company sell nearly 13Mt of cement, up by almost 60 per cent YoY.  The Nigerian market has achieved record sales of just under 8.8Mt over the period, ...

UltraTech Cement

24 August 2016, Published under Cement News

UltraTech’s plans to construct a new 1.5Mta plant in Bokaro, Jharkhand, have received the backing of the district authorities, according to local press reports. Bokaro is also home to two steel factories, which have reportedly responded positively to the possibility of a local cement works.  Meanwhile, the company has secured 129,000t of coal from Gevra Road mines in Maharashtra and 138,200t from New Kusmunda mines in Chhattisgarh. With both locations landlocked, UltraTech has helped miti...

Saudi Arabia: Umm AlQura signs deal with Aramco

27 July 2016, Published under Cement News

Umm AlQura Cement has signed an agreement with Aramco to purchase fuel for its new Portland cement production line close to Taif city. According to a statement to the Saudi Stock exchange from Umm AlQura, the company expects trials and commercial production to start in 3Q16. Umm AlQura said that the Saudi Ministry of Energy, Industry and Minerals had previously agreed to supply the fuel on the condition that the company provide a SAR100m (US$26.7m) letter of credit.

Germany's housing benefits

26 October 2015, Published under Cement News

Following last year’s recovery in German cement demand, a subdued start to 2015 means growth is likely to peter out. Housebuilding continues to recover from a low base, but the outlook for industrial construction appears downbeat. On the corporate front, M&A activity and asset swaps by European majors have led to some German plants now being under new management. German housing continues its recovery and increases its share of German construction activity The German economy grew...

India moves towards ending coal monopoly

21 October 2014, Published under Cement News

The Indian government has taken a cautious step towards ending the coal monopoly as its plans to allow private players to mine and sell coal, a move that is expected to benefit cement companies amongst others. The cabinet has approved auction of 74 of the recently-cancelled 204 coal blocks in the next 3-4 months. While state-owned companies will be allocated coal blocks on a priority basis and will not have to bid in the auction, private companies will be able for the first time to buy bl...

Harnessing potential

28 August 2014, Published under Cement News

Ahead of next month’s XXXI FICEM Technical Congress in the Dominican Republic, ICR speaks with the country’s cement association, Adocem, to learn more about its hopes for continued recovery in domestic demand, the importance of exports given the current overcapacity situation and the strides being made by local producers in sustainable cement production. Dominican Republic cement producers enjoyed the benefits of an expanding cement market last year. Pictured: Domicem’s Sabana Gran...

Egypt: Gas prices increase for cement firms

07 July 2014, Published under Cement News

The government has raised gas prices for Egyptian cement factories to US$8/m British Thermal Units (BTUs) compared to US$6 previously, while fuel oil increased from EGP1500/t (US$209.8/t) to EGP2250/t (US$314.7/t). An official cement company spokesperson anticipated cement prices to increase in the coming days due to higher production costs. A number of cement companies operating in Egypt are looking to use coal as an alternative source of energy this year. “Energy represents 60 per cent o...

Waiting for the light

19 November 2013, Published under Cement News

With cement demand growth slipping below six per cent in 2012, India appears to have fallen short of expectations, in spite of remaining a high-growth market by global standards. As the NCB prepares for its 13th International Seminar on Cement and Building Materials on 19-22 November in New Delhi, ICR looks at the prospects of India’s cement sector. The beginning of 2013 proved a challenging time for the Indian cement sector. As production capacity continues to rise, the industry i...

What price for a kingdom?

11 November 2013, Published under Cement News

Fuelled by strong demographic growth and high oil prices, the Saudi Arabian government is currently on a US$219bn infrastructure spending spree. With cement demand expected to hit 64Mt by 2014, capacity is now being ramped up with expansion plans by existing producers and the arrival of new players. But with a question mark hanging over the country’s fuel supply, the ability to meet this demand long-term remains uncertain. Modern architectural buildings are already beginning to mix wi...

Emerging markets continue to play key role in global energy prices

15 February 2013, Published under Cement News

With a sluggish US economy where the fiscal cliff remains a major concern in 1H13 and a recession-hit Eurozone burdened by unaffordable energy import costs, it is clear that most support for global oil demand hinges on the consumption of emerging markets. The economic benefits of globalisation, urbanization and industrialization have led to major advances in productivity, positively impacting on oil demand in these parts of the world. As the world oil demand improves gradually, non-OPEC s...