Cement News tagged under: Weekly Newsletter
Cembureau highlights role of cement industry in EU plastic waste disposal17 January 2018, Published under Cement NewsFollowing the European Commission's initiative to develop a dedicated plastics strategy in a circular economy, published on 16 January, the European cement association, Cembureau, has highlighted the part played by the cement industry in reducing plastic waste. Apart from the importance of the need for a ban on landfill of recoverable and recyclable waste, the organisation urges policymakers to strongly focus on the recognition that cement plants can treat different waste streams such as ... |
Steppe Cement sees 20% revenue rise in 201716 January 2018, Published under Cement NewsSteppe Cement has announced that its full-year revenue for 2017 was 20 per cent higher than the previous year, reports Alliance News. The revenue for the period increased to KZT21.4bn (US$65m) from KZT17.9bn seen in 2016. The rise in revenue has been attributed to both an increase in cement prices and the volume of cement sold. The Kazakhstan-based manufacturer saw a 3.8 per cent YoY increase in the sales volume of cement, to 1.63Mt from 1.57Mt. Prices were up 15 per cent for 2017, with a... |
JSW Cement to bid on Binani Cement15 January 2018, Published under Cement NewsJSW Cement Ltd will partner with a global equity firm to bid for Binani Cement, according to The Hindu BusinessLine. It is expected that as many as 11 industry players, including Ultratech and Dalmia, will submit a bid for the company which is currently undergoing the bankruptcy process. "There are a lot of bidders and this is going to get aggressive because nobody wants to leave these assets; we would not want to leave these assets," said Sajjan Jindal, managing director, JSW Group. ... |
Big Boss Cement launched in Manila11 January 2018, Published under Cement NewsA new cement business, Big Boss Cement Inc, was launched in Manila, Philippines, on Thursday, according to ABS-CBN News. The company plans to use lahar or other volcanic debris to produce cement, since the process requires less heat than conventional raw materials and therefore, will reduce CO 2 emissions. The chairman of Big Boss Cement, Henry Sy Jr, also serves as chairman of SM Prime Holdings. "There’s a huge demand for cement. The company believes we should be able to fill in the d... |
Vietnam cement consumption reaches 62Mt in 201710 January 2018, Published under Cement NewsVietnam’s demand for cement increased seven per cent YoY to 62Mt in 2017, according to the Department of Price Management, Ministry of Finance. The rise in cement sales has been attributed to a rise in construction projects, particularly in the real estate and transport sector. However, when compared with 2016, the increase was marginal as prolonged rains and storms impacted sales. Cement consumption in December advanced three per cent to 6.5Mt with prices reported as stable as inputs... |
Mexican cement producers raise prices10 January 2018, Published under Cement NewsAt the start of the new year, Mexican cement producers have raised the price of grey cement between 6-10 per cent, according to Ramiro Páez Cruz, president of the Mexican Association of Independent Concrete Co (AMCI). Cruz Azul and Fortaleza raised the prices of their products by five per cent while the increase by Cemex, Moctezuma and Holcim was 6.25, seven and 10 per cent, respectively. The increases in cement prices will be passed on to the customers, said Mr Páez Cruz with concre... |
Vicem sees 3% rise in cement and clinker sales10 January 2018, Published under Cement NewsState-owned Vietnam Cement Industry Corp (Vicem) reported sales of 26.6Mt of cement and clinker in 2017, representing a YoY increase of three per cent. Of the total, 23.6Mt were delivered to the domestic market, up four per cent YoY and a further 3Mt were exported. However, the company saw a five per cent fall in revenues to VND34.16tn when compared with the previous year. The cement producer’s profit increased seven per cent to VND2.85tn. The company contributed VND1.62tn to the stat... |
New 7500tpd line planned for Haripur09 January 2018, Published under Cement NewsPakistan Army's affiliated department Frontier Works Organization (FWO) plans to set up 7500tpd production line at Bandi Muneem, Haripur KPK, Pakistan. The organisation added that the department is in the process to appoint a consultant to render consultancy services for the proposed project. FWO is a major civil engineering construction company of Pakistan, which is expected to use the output of the plant for its own use and for distribution in the local market. Pakistan's ... |
McInnis Cement could be up for sale08 January 2018, Published under Cement NewsA Canadian pension fund has hired advisers to explore the possible sale or partial sale of McInnis Cement, reports Bloomberg. Caisse de Depot et Placement du Québec and its partners have hired advisers to explore options to sell part or all of McInnis Cement. McInnis Cement project was the first new cement plant to serve eastern Canada and New England in more than 50 years when it opened last year. McInnis Cement has a deep-water marine terminal next to the 2.2Mta Port-Daniel-Gascons... |
Argentina's cement consumption up 7% in December 201704 January 2018, Published under Cement NewsThe Argentine cement market expanded 6.8 per cent YoY in December 2017 with demand at 1,004,332t, according to the latest data by the country’s cement association, AFCP. In December 2016 national demand stood at 940,055t. However, when compared with November 2017, the market contracted by 14.9 per cent. Domestic producers dispatched some 990,472t across Argentina, a YoY advance of 5.8 per cent but a MoM drop of 14.9 per cent. These deliveries were supplemented by 13,860t of imports, more ... |