Cement News tagged under: Weekly Newsletter
United States: Vallejo blocks plans for new Ecocem plant08 March 2017, Published under Cement NewsAn application for planning permission to build a new EUR45m (US$47.5m) grinding mill in Vallejo, California, has been refused by the local government, the Irish Times reports. Orecem Americas, a subsidiary of Ireland's Ecocem, had put forward the plans to build the plant, but residents had raised concerns that it would lead to an increase in the number of heavy trucks on local roads and would itself generate pollution. Vallejo's planning commission rejected the application by a six-to... |
Argentina cement market contracts 0.8 per cent in 2M1707 March 2017, Published under Cement NewsArgentina's cement producers dispatched 801,782t of cement in February, a 0.8 per cent drop MoM and 8.7 per cent YoY, according to the Argentine cement producers' association, AFCP. Domestic sales decreased 0.8 per cent YoY to 801,782t in February 2017 from 808,310t in February 2016. Exports increased 9.3 per cent YoY to 6652t from 6084t. Supply from local cement plant was supplemented by 4210t of imports, which saw a considerable hike when compared with 30t imported in February 2016.... |
Philippines: cement sector faces full proceedings on anti-competitive practices07 March 2017, Published under Cement NewsThe Philippine Competition Commission (PCC) is set to up its investigation of alleged violations of competitive practices in the local cement industry. The country's anti-trust authority said it found reasonable grounds to proceed to a full administrative investigation into the cement industry. The investigation is in response to the affidavit-complaint filed before the commission by Victorio Dimagiba, a former trade undersecretary who now serves as president of consumer advocacy group Lab... |
Thailand: Siam City Cement to focus on malta cement06 March 2017, Published under Cement NewsSiam City Cement Plc is looking to expand its production of malta cement to gain better returns from expected market growth driven by increased infrastructure spending in Thailand. Siam City Cement forecasts that the domestic cement market will expand by 1-3 per cent this year and it is focussing on special grade 'malta cement' which is designed for types of road, railways and reservoirs, said Mr Kajornsak Manosupsak. The production of malta cement will give the company a higher p... |
CRH 2016 gross profits up 69%01 March 2017, Published under Cement NewsCRH released its 2016 results with its gross profits at EUR1741m up by 69 per cent on its EUR1033m in 2015. Operating profits were also up EUR2027m, as against EUR1277 a year earlier. CRH announced that margins and revenues were ahead in all business divisions and sales of building materials amounted to EUR27.1bn, 15 per cent ahead of 2015. Meanwhile, EBITDA was up 41 per cent to EUR3.1bn, and EBITDA margin was 11.5 per cent up from 9.4 per cent in 2015. The group recorded cash inflow ... |
Hengya Cement gives green light to US$1bn Tanzania investment01 March 2017, Published under Cement NewsHengya Cement, a subsidiary of China's Hengyuan International Engineering Group, has announced that it will build a new cement plant in Tanga on Tanzania's northeast coast, reports website China.org.cn. The plant's capacity has not been disclosed, but Hengya claims that it will be one of the largest in sub-Saharan Africa. The initial phase of the project will cost US$1bn, with a second phase to follow. "The Chinese investors' move is recommendable as it meant to meet country's cement d... |
Vicat's profits modestly ahead in 201628 February 2017, Published under Cement NewsVicat's turnover eased by 0.2 per cent in 2016 to EUR2453.8m while EBITDA was up by the 3.2 per cent to EUR458m, while at unchanged exchange rates and other parameters there would have been increases of 4.1 and eight per cent, respectively. The trading profit improved by five per cent to EUR258m, with the increase at unchanged parameters being 9.6 per cent. The net financial charge was EUR10.1m lower at EUR38.1m and after an increase in the contribution from associates from EUR4.9m to EUR13.... |
Croatia: HeidelbergCement appeals Commission's decision28 February 2017, Published under Cement NewsHeidelbergCement AG has appealed against an EU Commission decision from 10 October 2016 that initiated an in-depth Phase II investigation into the joint acquisition of Cemex Croatia by HeidelbergCement and Schwenk. HeidelbergCement and Schwenk Cement jointly control Duna Dráva Cement ("DDC"), a Hungarian cement company that is the largest cement importer in Croatia. Cemex Croatia, the largest cement producer in Croatia, is a subsidiary of the Cemex Group. Schwenk has also appealed the dec... |
Cementos Argos' 4Q16 results boosted by US operations27 February 2017, Published under Cement NewsCementos Argos has announced that its 4Q16 results saw an 8.7 per cent rise in EBITDA and 70 per cent of its revenues was generated from operations outside of its domestic market of Colombia. Group dispatched volumes of cement and ready-mix were down by 5.5 per cent and 6.5 per cent, respectively in the 4Q16. Consolidated EBITDA was COP396bn (US$137m), achieving an EBITDA margin of 19.7 per cent. Net income amounted to COP27bn. USA The group's US operations reported an EBITDA of... |
Turkey: Sabanci Holding announce investment funds27 February 2017, Published under Cement NewsTurkish conglomerate Sabanci Holding has plans to make TRY4.5bn worth (US$1.25bn) of investments in 2017, the group's CEO said. The holding has plans to invest the funds in Turkey throughout 2017, up TRY0.4bn (US$110m) or 10 per cent from last year, Zafer Kurtul said at a Sabancı group annual briefing meeting where last year’s financials were announced. Mr Kurtul said nearly 80 per cent of this amount would be channelled into expanding production capacity while the remainder would be set ... |