Cement News tagged under: Weekly Newsletter
Brazil sales slip in January13 February 2018, Published under Cement NewsBrazilian cement sales were down 0.1 per cent YoY to 4.33Mt in January 2018, according to the country’s cement association, SNIC. Average sales per working day increased 0.2 per cent but apparent consumption fell 0.5 per cent to 4.44Mt. The results were in line with SNIC’s expectations, with sales expected to fall in 1Q18 before seeing increases in the 2Q18. In the 12 months ending January 2018 domestic sales saw an accumulated decrease of 6.2 per cent in comparison with the previ... |
FLSmidth reports positive overall results08 February 2018, Published under Cement NewsFLSmidth released its annual report on Wednesday and reported a five per cent order increase to DKK19.17bn (US$3.15bn) in 2017, driven by stronger offtake in the minerals division in 2H17 and by total service activities, but revenue declined one per cent to DKK18bn. Full-year EBITA advanced 18 per cent YoY to DKK1.515bn from DKK1.289bn in 2016, while the corresponding EBITA margin rose from 7.1 to 8.4 per cent. "2017 probably marked the trough of the business cycle, and based on our goo... |
Taiheiyo Cement sees revenue increase in 9M1708 February 2018, Published under Cement NewsTaiheiyo Cement has reported its financial results for the nine-month period ended 31 December 2017. The group revenue has increased to JPY653.06bn (US$5.95bn) from JPY592.21bn seen in the year-ago period. Similarly, operating profit grew to JPY48.68bn from JPY44.23bn of the 9M16. However, net profit has fallen considerably, finishing at JPY32.53bn in the 9M17 (9M16: JPY57.12bn). The company also released its outlook for the fiscal year period ending March 2018. The group revenue is expec... |
Tasek posts MYR5.94m loss in 4Q1708 February 2018, Published under Cement NewsMalaysian cement producer Tasek Corp Bhd reported a net loss of MYR5.94m (US$1.51m) for the fourth-quarter of 2017, down from the MYR2.14m profit in 4Q16. The company’s turnover fell 16 per cent YoY to MYR135.26 on the back of lower domestic cement sales and a lower average net selling price for cement and ready-mixed concrete, according to The Malaysian Reserve newspaper. The outlook for 2018 is mixed as the property market is expected to continue to weigh on cement demand. However, c... |
Cemex speeds up Maceo opening08 February 2018, Published under Cement NewsCemex Latam Holding has confirmed that it is solving the legal issues that prevent the opening of its new plant in Maceo, Antioquía, Colombia. The inauguration of the works was postponed in May 2017 after authorities found the plant did not have all required permits to start operation. Jaime Muguiro, the company’s president, said the company was still awaiting authorisation for the capacity expansion. At present, capacity is limited to 0.25Mta, but Mr Muguiro indicated that the facili... |
US market continues to improve in 201705 February 2018, Published under Cement NewsCement sales in the US increased modestly in 2017 with a value of around US$12.4bn and an apparent consumption of 96.8Mt, up from 94.2Mt in 2016, according to the US Geological Survey (USGS). Production of Portland cement in the US edged up to 85.9Mt in 2017 from 84.5Mt the previous year, but output of masonry cement remained level. Cement was produced at 98 cement works in 34 states plus two plants in Puerto Rico. To meet domestic market requirements, the US imported around 12Mt of c... |
Uruguay cement sales rise 3% in 3Q1705 February 2018, Published under Cement NewsUruguayan cement producers sold 203.100t of cement in 3Q17, representing a 3.4 per cent YoY. While 159,900t was sold in the domestic market, cement manufacturers shipped 43,600t for export. "Cement sales in Uruguay have a high orientation to the domestic market and there is a high correlation between cement sales in tonnes and construction activity," says a report from the Chamber of Industries (CIU). While detailing that the volume of sales of cement in the domestic market (measured... |
Dewan Cement to sell controlling shares of two plants01 February 2018, Published under Cement NewsDewan Cement Ltd is reportedly in talks with Karachi-based Mega Conglomerate Ltd to sell its controlling shares in two plants based in Dhabeji, Sindh and Hattar Industrial Estate, Khyber Pakhtunkhwa. The two facilities have a combined capacity of 2.89Mta. BMA Capital has been appointed as the manager of the deal, overseeing the acquisition of 87.5 per cent of total shares from Dewan Cement. While 75 per cent of the controlling shares will be from major shareholders, the remainder will b... |
Confidence Cement plans new Palash plant01 February 2018, Published under Cement NewsConfidence Cement Ltd (CCL) has informed Dhaka Stock Exchange (DSE) on 31 Janusary that its Board of Directors has decided to invest a second cement plant with a capacity of 5000tpd to be named as Confidence Cement Dhaka Ltd and will be located at Palash, Narshingdi, Dhaka. Confidence Cement will have 50 per cent shareholding in Confidence Cement Dhaka Ltd and rest by other investors. The Company has also informed that the Board of Directors have agreed to invest in the new Power Plan... |
Anhui Conch seeks finance for Ulyanovsk plant31 January 2018, Published under Cement NewsAnhui Conch Cement Company Ltd requires US$500m from financial institutions to bring its plan for a cement in Russia to fruition, according to Xu Yue, Anhui Conch's minister of equipment. Anhui Conch Cement signed an agreement with Ulyanovsk Oblast Development Group to develop the project together on 19 July 2016 and a joint venture was agreed in December 2016. Anhui Conch concluded that Ulyanovsk State's cement project was the best of a number of possible cement projects along the Federal... |