Cement News tagged under: Weekly Newsletter
4M17 sales retreat 5.3% in Morocco28 June 2017, Published under Cement NewsCement sales in Morocco have fallen 5.3 per cent in the first four months of 2017 YoY following a 3.5 per cent rise the previous year, according to the Moroccan Economics and Finance Ministry. The fall has been attributed to the drop in sales in Marrakech-Safi (-11.7 per cent), Casablanca-Setta (-6.7 per cent), Tanger-Tétouan-Al Hoceima (-9.7 per cent) and Oriental (-10.4 per cent). Growth in Souss-Massa (+6.9 per cent), Guelmim-Oued Noun (+51.1 per cent, Fès-Meknès (+4.4 per cent), Dakhl... |
Peru cement market contracts 2% in May27 June 2017, Published under Cement NewsPeru’s cement demand reached 774,000t in May, reflecting a two per cent drop YoY, according to Asocem, the country’s cement association. Total deliveries, including exports, decreased 2.8 per cent to 797,000t. Domestic production in May fell 6.4 per cent YoY to 781,000t. Going forward, cement demand is expected to pick up by the implementation of reconstruction works following the Niño Costero damage and infrastructure megaprojects. As a result, 2H17 consumption is forecast to rise five pe... |
Daehan acquired by South Korea's leading producer26 June 2017, Published under Cement NewsSsangyong Cement Industrial Co of South Korea has purchased Daehan Cement Co, the country’s largest blastfurnace slag cement producer at KRW265bn (US$232.8m). The acquisition will enable Ssangyong Cement to secure its leadership over Hanil Cement Co that recently acquired Hyundai Cement Co, a smaller rival. The deal entitles the cement manufacturer to take over Daehan Cement and Daehan Slag Co and will give the company a 24 per cent share in the domestic cement market. Daehan Cement post... |
Gharibwal WHR plant starts operations22 June 2017, Published under Cement NewsGharibwal Cement Ltd has started operations from its 20MW waste heat recovery (WHR) system as well as a conveyor belt at its plant located in Chakwal district, Punjab Province, Pakistan. Earlier, the company informed the Pakistan Stock Exchange that it has finalised a contract with CITIC of China for the supply of an 8000tpd line together with a waste heat recovery system. Furthermore, the first shipment of equipment relating to Gharibwal's new 250tph grinding mill has arrived and erec... |
McInnis produces first cement21 June 2017, Published under Cement NewsMcInnis Cement announced the production of the first cement on Friday, 16 June 2017, in line with the company’s schedule. “This important milestone marks the work of hundreds of employees, workers and partners who have helped make our plant a performance model for the cement industry, both in terms of productivity and environment,” said Hervé Mallet, President and CEO of McInnis Cement. “With the production of the first cement, our team has commenced the various tests required in our labor... |
CSI and ECRA publishes new technology papers21 June 2017, Published under Cement NewsThe Cement Sustainability Initiative (CSI) and the European Cement Research Academy (ECRA) have released their new "CSI/ECRA Technology Papers 2017" to update the perspective of available technologies for CO2 abatement and energy efficiency in the cement sector. The publication analyses existing and future technologies with potential to increase energy efficiency and decrease CO2 emissions in cement production, and also analyses their costs in typical future cement plants, conditions and exp... |
Taiwan plans to lower cement cap on exports21 June 2017, Published under Cement NewsThe government of Taiwan plans to lower the cap on Taiwan's cement exports from over 20 per cent of total output to 15 per cent to help protect the environment, Vice Minister of Economic Affairs Yang Wei-fuu has said. In response to concerns that the pursuit of aggressive cement export growth has come at the expense of environment, Yang said the ministry is devising an environmental impact assessment (EIA) policy for the development of the cement industry. The policy is scheduled to be co... |
S&P puts Cemex ratings on Watch Positive20 June 2017, Published under Cement NewsS&P Global Ratings has placed its 'BB-' global scale and 'mxA-/mxA-2' national scale ratings on Cemex on CreditWatch with positive implications. The recovery rating on all Cemex's rated senior debt remains at '3', which indicates that bondholders can expect a meaningful (50-70 per cent, in the higher band of the range) recovery in the event of a payment default. S&P writes: "Following our 30 January 2017 upgrade of Cemex, our base-case scenario assumed that the company would remain commit... |
Ecocem launches second UK import terminal20 June 2017, Published under Cement NewsEcocem Ireland has increased its export capacity with the launch of its second UK-based bulk import terminal at Sheerness in the Port of Medway. Ecocem launches second UK import terminal involving an investment of GBP2.5m The import terminal which represents a GBP2.5m (EUR2.8m) investment has been developed in partnership with Peel Ports, to help Ecocem capitalise on the potential to supply the London/south east construction market, the company said in a statement. Its fir... |
Saudi five-month cement sales down 18.7%15 June 2017, Published under Cement NewsSaudi cement sales fell by 18.7 per cent YoY in the first five months of this year to 22.6Mt, while clinker output was down 11.3 per cent, according to the Saudi Cement Sector Monthly by Al Rajhi Capital. Northern Cement and Najran Cement reported the steepest declines during the period, with reductions of 50 and 43 per cent, respectively. Al Rajhi Capital said in the report that demand is unlikely to pick up in the remainder of the year given that construction activity is expected to ... |