Cement News tagged under: Weekly Newsletter
Benghazi Cement takes initial steps to reopen10 October 2017, Published under Cement NewsBenghazi’s Hawari cement factories, in Libya, is being helped to reopen. British consultants met with the city's Mayor Abdelrahman Al-Abaar last week in talks on restarting the stalled factories, reports Libya Herald. Work is to start on demining work on the premises and its surroundings together with an assessment of the huge damage caused by the extensive fighting that took place in and around the factory. Plans to rebuild and reopen the two cement factories in Benghazi’s Hawari distr... |
Summit Materials revealed as US$3.8bn bidder for Ash Grove Cement09 October 2017, Published under Cement NewsUS cement maker Summit Materials has been revealed as the US$3.8bn bidder for Ash Grove Cement, according to a Reuters' source. The bid was submitted last week to trump an earlier takeover bid from Irish building materials firm CRH Plc. Ash Grove said earlier on Friday that it had received a new bid from an unnamed party which valued the business at US$3.7-US$3.8bn . The source said Summit Materials’ bid was submitted on Thursday and is currently being considered by Ash Grove’s board... |
Arabian Cement in merger talks with Al Safwa Cement09 October 2017, Published under Cement NewsArabian Cement has entered into potential merger talks with Al Safwa Cement of Saudi Arabia, owned by El Khayyat Group, Public Pension Authority (PPA) and General Organisation for Social Insurance (GOSI). Arabian Cement has been attracted by the locational advantage of the plants of both companies and source of raw materials, besides the cost savings in selling, general and administrative expenses and relatively lean inventories, according to Al-Rajhi Capital Research. In addition, both... |
PCA updates US annual cement consumption forecast06 October 2017, Published under Cement NewsPortland Cement Association's (PCA) Market Intelligence Group has forecast annual cement consumption to climb in the USA by 2.6 per cent during 2017 and 2.8 per cent in 2018. The updated forecast adjusts downward PCA projections released earlier this year. Bad weather and lower than anticipated budgets for the public construction sector are among the factors that have prompted the adoption of a more modest growth outlook. "Once infrastructure and tax reform initiatives take hold and aff... |
Xuan Thanh cement plant opens 12,500tpd line06 October 2017, Published under Cement NewsThaiGroup JSC, formerly known as Xuan Thanh Group JSC, has inaugurated the second production line of the Xuan Thanh cement plant in the northern province of Ha Nam, Vietnam. The production line has a total investment of VND10.8trn (US$475.25m) and a clinker capacity of 12,500tpd, the Dau Tu newspaper reported. After inaugurating the second production line, the company plans to invest in a third one with a cement capacity of 4.5Mta, raising the plant’s output to 10Mta. In early 2016... |
China will impose new environmental tax from 1 January 201804 October 2017, Published under Cement NewsBusinesses in China are being urged to prepare themselves for a new environmental tax for the start of next year. China will abandon its current system under which polluters are charged locally in favour of the nationwide environmental protection levy to reduce air, soil and water contamination, reports South China Morning Post. The new regime will see firms that cause pollution taxed under a uniform set of national rules rather than the fees being collected at the local level. For instance... |
Urgent action required on Ghana's imported clinker valuation04 October 2017, Published under Cement NewsDr George Dawson-Ahmoah, the Chairman of the Cement Manufacturers Association of Ghana, has appealed to the Ag Commissioner to intervene in the valuation on the importation of clinker by the Customs Division of Ghana Revenue Authority (GRA). Dr Dawson-Ahmoah who is also the Strategy and Corporate Affairs Director of Ghacem and the Chairman of the Tema Branch of the Association of Ghana Industries, stressed that the unfavorable economic environment was making business difficult in Gh... |
Dangote Cement's Bouasnsa plant is almost complete03 October 2017, Published under Cement NewsThe US$300m Dangote cement grinding plant situated at Bouansa, Congo will start-up this month, Dangote Cement Plc has announced. Dangote cement's CEO, Onne van der Weijde, said: "The Congo Cement plant is now 99 per cent complete and set to commence operations." Dangote cement plant at Bouansa, Congo, expected to contribute at least 1.5Mta capacity, is a positive step steering the company towards the total yearly manufacturing capacity of about 32Mta across Africa. Dangote Cement Congo ... |
Qalaa Holdings announces 2Q17 net loss of US$158m02 October 2017, Published under Cement NewsQalaa Holdings, a leading energy and infrastructure investment company based in Egypt, announced its consolidated financial results for the quarter that ended in 30 June with a net loss worth EGP2.8bn (US$158m) in 2017, compared to EGP277.5m in 2016. The company announced its revenues reached EGP2.3bn during the second quarter 2Q17, with revenue growth of 25 per cent YoY. Chairperson and Founder of Qalaa Holdings, Ahmed Heikal said, Qalaa achieved a 76 per cent EBITDA growth YoY to reach E... |
Plycem vows to increase competitiveness in Costa Rican market02 October 2017, Published under Cement NewsPlycem, a new company owned by Mexican billionaire Carlos Slim, will fight for a place in Costa Rica's cement market from the first quarter of 2018. The Mexco-based company will operate in Salinas Esparza, Puntarenas, with an investment of US$17m in an area of 50,000M². The project will create at least 200 jobs. Óscar Fonseca, Plycem Central America CEO, explained that the main objective of the company is to produce cement for self-consumption and, secondly, for marketing. The directors sa... |