Cement News tagged under: Weekly Newsletter
Colombia: SIC confirms cartelisation sanctions24 April 2018, Published under Cement NewsThe Colombian Superintendent of Industry and Commerce (SIC) has ratified sanctions imposed in December on Argos, Holcim Colombia and Cemex Colombia, for price cartelisation between 2010-12. The three cement producers have been fined a combined COP201,616m (US$71.7m). Cementos Argos will have to pay a fine of COP73,771m, the same sum already paid by Cemex at the start of this year. Holcim’s fine amounts to COP54,074m. Following an indication that they will pay the fine in the next few d... |
Cemex: Mexican cement market to grow 3% in 201824 April 2018, Published under Cement NewsMexico’s cement market is forecast to grow by 2-3 per cent, according to Cemex CEO, Fernando González. While construction of housing is expected to advance only modestly, the commercial and industrial building segments are envisaged to show sufficient growth. Infrastructure will also account for 25 per cent of cement offtake. “I wish we could do much more in infrastructure. I think that what is possible is usually invested as a function of the government programs and the works are pro... |
Loesche wins VRM order for Objana's Line 523 April 2018, Published under Cement NewsLoesche is delivering two vertical roller mills (VRM) for Dangote Cement's Obajana plant's new line in Kogi State, Northern Nigeria. With a total capacity of more than 12Mta, this plant is currently not only the largest cement plant in Nigeria but also the largest cement plant in sub-Saharan Africa. Loesche's order for the new Line 5 in Obajana comprises a high-performance six-roller mill for cement raw meal with a capacity of 580tph – the largest roller mill for raw material in the Loesche... |
Vietnam exports rise 68 per cent in the 1Q1819 April 2018, Published under Cement NewsVietnam has seen a 68 per cent increase in cement exports for the 1Q18, following the shutdown of several Chinese plants, according to Viet Nam News. Nguyễn Quang Cung, vice chairman of the Vietnam Building Material Association, announced that production in the country surged 18 per cent YoY in the quarter, marking the first time it had recorded high growth against an annual increase of approximately 10 per cent. The growth in exports was due to the policy change of the Chinese governm... |
UltraTech commissions new plant in Manawar19 April 2018, Published under Cement NewsUltraTech has commissioned its greenfield facility in Manawar, Madhya Pradesh, with a 2.5Mta clinker capacity. The plant has reached this stage in under a year, which is record time for a plant of this capacity, according to the press release. The kiln is designed for multi-fuel and alternative fuel usage. Alongside the kiln, the company has commissioned a 1.75Mta grinding unit and an auto-loading facility. The new plant is located in southwest Madhya Pradesh, with no other manufacturing u... |
Spain sees 12% YoY rise in demand in February18 April 2018, Published under Cement NewsCement demand in Spain increased 11.7 per cent YoY in February, according to the Spanish cement association, Oficemen. In the 12 months ending February 2018, domestic cement consumption reached 12.6Mt, up 1.3Mt or 11.5 per cent YoY. Cement and clinker exports from Spain continue to fall with the 12 months ending January 2018 noting a 10 per cent YoY decrease in exports. In the 4Q17 civil works accounted for 5.6Mt of cement demand, up 11 per cent YoY and accounting for 53 per cent ... |
Pakistan's Popular Group has reportedly purchased Dadabhoy Cement18 April 2018, Published under Cement NewsPakistan’s Popular Group of Industries has reportedly purchased Dadabhoy Cement Industries Ltd. The company’s plant in Dadu District, Sindh Province, has been closed for several years following the alleged default of local financial institutions. Although the sale is yet to be made public, local news reports suggest that Popular Group has started refurbishing the plant. Dadabhoy Cement had previously announced that it was in negotiation with potential buyers in its 2017 annual report. Follo... |
Hima Cement to open new plant in Uganda next month17 April 2018, Published under Cement NewsHima Cement has announced that its UGX144bn (US$40m) new plant in Tororo, Uganda, will begin operations next month. The country is currently experiencing a severe price hike and George Nicola, CEO of Hima Cement Uganda, has stated that increased production can solve the issue. “It is not the producers increasing the price but it’s the full distribution channel that has been impacted,” said Mr Nicola. “What is causing the price to go up is because our customers’ distributors and retailer... |
Attock Cement Pakistan profit falls in 3QFY 1817 April 2018, Published under Cement NewsAttock Cement Pakistan Ltd (ACPL) 3QFY18 financial results saw a decline in net profit to PKR674m (US$5.8m) from PKR860m (US$7.41m), earned in same quarter last year. This represents a profit fall by 22 per cent YoY. Its net sales increased to PKR4.57bn from PKR4.01bn during this period. The company incurred a distribution cost of PKR271m against PKR219m in 3QFY17. The administrative expenses stood at PKR135m compared to PKR128m in 3QFY17. Finance cost increased to PKR74m during 3QFY18... |
Tajikistan records 84% increase in cement production17 April 2018, Published under Cement NewsTajikistan has recorded an 83.5 per cent YoY increase in cement production in the first quarter of this year, rising to 782,400t from 426,400t. The production of cement in 2018 is expected to improve upon the previous year due to new infrastructure projects, increasing exports, and planned residential housing construction, according to Business World. The country’s main export markets are Uzbekistan and Afghanistan. In the 1Q18, exports to Uzbekistan reached 172,000t, while dispatches to A... |