Cement News tagged under: Weekly Newsletter
PPC raises prices and volumes29 September 2017, Published under Cement NewsSouth Africa-based cement producer PPC said it improved effective selling prices in its South African cement business and is steadily increasing output at its operations in the rest of Africa. The company saw a rise in volumes of 15 and 35 per cent in Zimbabwe and Rwanda, respectively in the five months to August, according to an investor presentation at the RMB Morgan Stanley Big Five Investor Conference in Cape Town. Effective selling prices increased by two per cent in South Africa ... |
Pakistan's local dispatches expected to grow at 3% in September29 September 2017, Published under Cement NewsExperts foresee that total cement sales in September 2017 to observe a decline of two per cent YoY to clock in at 3Mt. Out of which, exports are likely to depict a downward trajectory, dropping by 26 per cent YoY to 387,000t while local dispatches are expected to grow three per cent YoY to 2.6Mt. According to estimates of local research house, region wise distribution suggests that domestic sales during September in the north and south registered growth of five per cent YoY to 2.2Mt and ... |
Pioneer Cement net income rises 16%28 September 2017, Published under Cement NewsPioneer Cement Ltd posted a net income of PKR2.91bn (US$27.6m) in the fiscal year ended on 30 June, up 16 per cent compared with PKR2.51bn in the previous year, according to a company notice to the Pakistan Stock Exchange (PSX). Revenues of the company surged by 13 per cent YoY mainly driven by clinker sales made to Fauji Cement during the year. Gross margins of the company remained above industry average of 40 per cent, however, they dipped slightly by 100 basis points YoY to 42 per ce... |
Birkenhead residents call for stricter environmental licence for Adelaide Brighton28 September 2017, Published under Cement NewsAustralia's Environmental Protection Authority (EPA) is reviewing Adelaide Brighton Cement’s current licence, which expires at the end of October. Port Adelaide Residents’ Environment Protection Group wants stricter controls on dust and noise levels coming from the plant. A local environment group ius also advocating that Adelaide Brighton Cement should help pay for cleaning dust from property within 800m of its Birkenhead factory. The environmental group's president, Tony... |
Votorantim Cimentos to sell stake in Suwannee American28 September 2017, Published under Cement NewsBrazil-based Votorantim Cimentos is to sell its 50 per cent stake in Suwannee American Cement (SAC), located in northern Florida, USA. The sale is part of Votorantim’s strategy of prioritising assets and reducing its debt. SAC supplies cement to the construction markets of Florida and southern Georgia from its 1Mta Branford plant. Although the plant was in the path of Hurricane Irma, it has remained largely unaffected, according to information obtained by ICR. Thanks to precautions ta... |
McInnis Cement inaugurates plant26 September 2017, Published under Cement NewsMonday, 25 September saw the inauguration of the 2.3Mta McInnis Cement plant in Port-Daniel-Gascons, Canada. In the presence of more than 200 guests, primarily suppliers and subcontractors and McInnis employees, the chairman of the company’s board, Laurent Beaudoin, said: "We got there, factory, quarry, terminal. The cement plant that has been talked about for so long and that the Gaspésiens have waited with patience, this grand project is officially taking off. " Recalling that its object... |
New NBSM standards for imported cement lead to Nepal shortage25 September 2017, Published under Cement NewsConstruction of hydropower projects has stalled due to the cement shortage in Nepal. Imports have been halted as the Nepal Bureau of Standards and Metrology (NBSM) has set new standards for imported cement. The NBSM made Nepal Standard certification mandatory for imported cement from mid-July. Foreign manufacturers supplying cement to Nepal have to follow quality, packaging and labelling criteria fixed by NBSM. Producers from India, which are the main source of cement imports into Nepal... |
Peru's cement demand up 2% in August20 September 2017, Published under Cement NewsPeru’s cement association, Asocem, reported a 2.3 per cent YoY rise in domestic deliveries from 0.838Mt in August 2016 to 0.857Mt in August 2017. Cement imports remained largely stable at 43,800t while clinker imports reached 86,000t. Total cement consumption in the Latin American country reached 0.901Mt, up 2.2 per cent from 0.882Mt in the year-ago period and 15.6 per cent MoM. Output from Peru’s cement plants reached 0.873Mt, down 2.2 per cent YoY from 0.892Mt. Of this total, 29,000t wer... |
Four-bidder shortlist for Halla Cement stake19 September 2017, Published under Cement NewsFour bidders have been shortlisted for the full stake in South Korea’s Halla Cement, the country’s fourth-largest cement producer. Hong Kong-based Baring Private Equity Asia, the largest shareholder of Halla Cement, and its sales advisor Citigroup Global Market Securities Korea have shortlisted four potential buyers: three strategic investors – Asia Cement Co, Sungshin Cement Co and Aju Corporation Co – and private equity fund LK Investment Partners. Last week a total of six investors ini... |
Cebu's Board of Investment approve South Western Cement Corp's 2Mta new plant19 September 2017, Published under Cement NewsA new PHP12.5bn (US$245m) cement plant for South Western Cement Corp (SWCC) in Cebu is one of the largest projects approved by the Board of Investments (BOI) in August. The planned 2Mta cement plant wil be completed in two years' time and will serve the Visayas and Mindanao markets. SWCC is a wholly-owned subsidiary of listed firm Eagle Cement Corp. The cement producer owns mineral rights in Malabuyoc, Cebu, reports the Sunstar Cebu. Trade Secretary and BOI Chairman, Ramon Lopez, i... |