Cement News tagged under: Weekly Newsletter
Cementos Progreso joins the CSI05 September 2017, Published under Cement NewsCementos Progreso of Guatemala has joined the Cement Sustainability Initiative (CSI) as its first affiliate member, a new level created this year by CSI to expand its membership base and facilitate the initial steps for new joiners of the initiative. Cementos Progreso was founded in 1899 and is headquartered in Guatemala City, Guatemala. As a key player in construction industry in Latin America, the Company operates through three segments: cement, ready-mix concrete, and lime. The com... |
ARM suffers heavy half-year losses04 September 2017, Published under Cement NewsKenya's ARM Cement Ltd announced a half-year 428.53 per cent increase in losses to KES1.41bn (US$13.5m) from KES266.78m during the same period last year. The firm's revenue for the six-month period declined by 19.79 per cent to KES5.35bn compared to KES6.67bn last year. In May the firm, whose shares trade on the Nairobi Securities Exchange, cited strained cash flow as well as increased competition and lower selling prices as key factors contributing to the company's poor performance. ... |
KSI opens slag grinding plant04 September 2017, Published under Cement NewsPT Krakatau Semen Indonesia (KSI), a joint venture between state-owned steel maker PT Krakatau Steel and state-owned cement maker PT Semen Indonesia, has opened a new slag grinding plant. Located on a 4ha plot in Cilegon, Banten, Indonesia, the IDR420bn (US$31.4m) project saw construction start in 2014. The grinding plant has a production capacity of 690,000tpa of ground granulated blastfurnace slag (GGBS) that will be used in cement manufacture. "GGBS is a more stable product that can... |
Boral sees benefits flowing from US Headwaters acquisition31 August 2017, Published under Cement NewsBoral's turnover in its financial year to the end of June 2017 edged up by 1.8 per cent to AUD4388m (EUR2919m/US$3466m) and EBITDA improved by 11.6 per cent to AUD720m (EUR479m). The trading profit advanced by 15.6 per cent to AUD460m (EUR306m) and after a net interest charge some 20 per cent lower at AUD51m (EUR34m) the pretax profit rose by 22.1 per cent to AUD409m (EUR272m). The net attributable profit advanced by 16 per cent to AUD297m (EUR197m). Net debt at the end of June was 261 pe... |
Sinai Cement posts 1H consolidated net loss of EGP153m31 August 2017, Published under Cement NewsSinai Cement incurred consolidated net losses of EGP153.2m (US$8.7m) in 1H17, vs net profits of EGP15.4m in 1H16, the company announced in a statement to the Egyptian stock exchange. The Egyptian cement producer also posted standalone net losses of EGP155.4m in the first six months of 2017, compared with EGP14.8m in the year-ago period. |
US and Puerto Rico half-year shipments up slightly30 August 2017, Published under Cement NewsTotal shipments of Portland and blended cement in the US and Puerto Rico for the year through June were 44.7Mt, up slightly from those during the same period of 2016, according to the latest figures from the US Geological Survey. Shipments in June 2017 were about 9.4Mt, essentially unchanged from shipments in June 2016. The leading producing states for Portland and blended cement in June 2017 were Texas, California, Missouri, Florida and Michigan, in descending order, and these accounted ... |
San Miguel, Northern Cement form JV30 August 2017, Published under Cement NewsSan Miguel Corp (SMC) has formed a joint venture with Northern Cement Corp to establish a cement plant in Sison, Pangasinan, Philippines. The joint venture company will be controlled by SMC via a 70 per cent stake while the remainder of shares is owned by Northern Cement, which is owned by SMC chairman, Eduardo Cojuangco Jr. Tycoon Ramon Ang is president of both SMC and Northern Cement. “SMC and Northern Cement Corp have agreed to organize and establish a joint venture corporation for... |
Bamburi posts decline in half-year profit29 August 2017, Published under Cement NewsBamburi Cement posted a 36 per cent decline in its half-year net profit to KES1.8bn (US$17.4m) compared to a KES2.8bn recorded in the first six months of 2016. Turnover stood at KES17.5bn which is KES1.6bn behind prior year while operating profit reduced from KES4.1bn to KES2.7bn. Management attributed the decline to a difficult business environment in Kenya characterised by a contracting market, low private sector investment resulting in a slump in construction activity, especially in ... |
Kohat seeks environmental clearance for expansion project29 August 2017, Published under Cement NewsKohat Cement Company is seeking environmental clearance for the construction of 7800tpd in additional capacity at its plant in Kohat, northern Pakistan. The Environmental Protection Agency (EPA) of Khyber Pakhtunkhwa province has received the application from Kohat Cement, according to local sources. Comments in favour or against the environmental approval of the said project are invited to be submitted to the EPA's director general within a period of 30 days from the date of issuance of... |
Positive outlook for German cement demand24 August 2017, Published under Cement NewsCement consumption in Germany rose by approximately 3.2 per cent YoY in 2016 to 27.5Mt, with the positive trend expected to continue this year, according to German Cement Works Association VDZ. "Housing, traffic infrastructure and non-residential construction – the momentum for the German cement market came from all the relevant sectors of the building industry," is how VDZ President, Christian Knell, sums up the development of cement consumption in 2016. In Germany the construction indust... |