Cement News tagged under: Weekly Newsletter
CRH exits PPC talks but LafargeHolcim discussions continue07 December 2017, Published under Cement NewsIrish cement producer CRH has decided to pull out of the process to bid for rival PPC, the South African company said on Thursday. Last month, CRH made an undisclosed cash bid for PPC and had been given time for due diligence and to submit an updated bid, but CRH has now opted to drop its interest in PPC. "CRH has decided not to submit an updated expression of interest and therefore considers it appropriate to withdraw from the Independent Board’s process," PPC said in a statement. In... |
Indonesian cement demand up 13% in October06 December 2017, Published under Cement NewsThe Indonesia cement market expanded 12.5 per cent YoY to 6.754Mt in October 2017, according to data from the Indonesian Cement Association (ASI). The key market of Java reported a 17 per cent increase with local demand rising from 3.202Mt in October 2016 to 3.745Mt one year later with growth particularly robust in Banten, West and Central Java. Indonesia’s second-largest market, Sumatra, saw demand increase by 7.8 per cent YoY to 1.494Mt. Kalimantan’s cement consumption advanced by ... |
Possible power price hike to increase Vietnamese production costs by US$35m06 December 2017, Published under Cement NewsVietnamese cement producers can expect a production cost rise by around VND800bn (US$35.2m) annually if a hike in power prices comes into effect, according to local industry sources. Vietnam’s Prime Minister, Nguyễn Xuân Phúc, recently approved a 6.08 per cent rise in retail electricity prices to VNC1720.65/kWh (excluding VAT), effective from 1 December. If the price hike is extended to industrial power prices and given the country’s current cement output of 86Mta, the industry will s... |
Colombia sees 3.6% market expansion06 December 2017, Published under Cement NewsCement consumption in Colombia increased 3.6 per cent from 993,700t in October 2016 to 1,029,400t in October 2017, according the country’s statistics office, DANE. The rise has been attributed to increased retail sales (+5.4 per cent) and off-take by construction companies and contractors (+5.6 per cent). Sales to concrete companies slipped by 4.1 per cent. In terms of departmental sales, Antioquia saw its demand rise 14.6 per cent YoY, but sales in the Bogotá area fell by 4.4 per cen... |
Kenyan producers to cut cement prices04 December 2017, Published under Cement NewsCement companies intend to lower their prices and achieve regional competitiveness following the reduction in local off-peak power prices. President Uhuru Kenyatta's directive issued last Tuesday took effect at midnight (1 December). Under the directive, manufacturers will have their electricity consumption during the low peak period between 22-06h period halved. Savannah and National Cement brand makers said they have seen demand for local cement rising following the local price drops. S... |
Taiwan Cement Corp increase shipment prices04 December 2017, Published under Cement NewsTaiwan Cement Corp are to raise product prices for shipments to Guangdong and Guangxi provinces by CNY20 (US$3)/t to CNY360, as reported by Taipei Times. The increase in price will be effective from Saturday. The price change is demonstrative of the strong demand in Southern China and subsequent shortage of cement. Beijing’s stricter environmental regulations have also led to some cement producers halting production, negatively impacting the quantity of cement available. Taiwan Cement coul... |
PPC plans Western Cape mega plant30 November 2017, Published under Cement NewsPPC is planning to build a new large-capacity plant in the Western Cape, South Africa. The company is expected to make a formal announcement about the new works next year, according to Business Report. Johan Claassen, interim CEO of PPC, said the company had decided to carry out a feasibility study on a larger-than-previously planned facility at its Riebeeck works. The environmental impact assessment (EIA) of the previous project had been approved, but the revised scope of the new pla... |
CMS sees 3Q profit rise30 November 2017, Published under Cement NewsMalaysia's Cahya Mata Sarawak Bhd (CMS) reported 3Q17 consolidated revenues of MYR347.968m (US$85.12m), down 2.3 per cent from MYR356.06m in 3Q16. Profit before tax edged up from MYR94.744m in 3Q16 to MYR95.58m one year later while profit attributable to ordinary equity holders of the parent company rose 5.7 per cent YoY from MYR58.715m to MYR62.04m. The group attributed the improvement in profit to lower production costs in the cement division. In its outlook, CMS expected the operat... |
US cement market stable in September29 November 2017, Published under Cement NewsTotal shipments of Portland and blended cement in the USA remained stable YoY at around 8.75Mt in September 2017, according to the US Geological Survey (USGS). The five largest cement markets in the US were Texas, California, Florida, Ohio and Illinois (in descending order) and their demand accounted for around 36 per cent of domestic shipments.The leading producing states were Texas, Missouri, California, Michigan and Florida (in descending order), accounting for around 40 per cent of do... |
Ohorongo considers TDF use28 November 2017, Published under Cement NewsFollowing the inauguration of its first RDF processing plant earlier this year , Namibia's Ohorongo Cement is now investigating, together with Metallurgical Research and Consulting (METRECO), the use of tyre-derived fuel (TDF) to fire its cement kilns at the Sargberg plant. The step is taken in line with the company’s efforts to replace up to 80 per cent of imported coal with alternative fuels by 2019. “With gas temperatures of up to 2000˚C, the cement manufacturing process guarantee... |