Cement News tagged under: Weekly Newsletter
Saudi Arabia: Northern Cement profits down 57% in 4Q1619 January 2017, Published under Cement NewsNorthern Region Cement Co reported a 57.3% YoY decline in profits in the fourth quarter of 2016, according to the company's filing to the Saudi Stock Exchange (Tadawul). Profits reached SAR16.91m (US$4.51m), down from SAR39.62m in 4Q15 and -43.8 per cent when compared with the 3Q16. The decline is attributed to lower sales due to intense competition, lower selling prices and reduces volumes. Weaker demand and lower prices have also affected annual results as Northern Cement saw it... |
Peru's sees 3.4% market contraction in 201617 January 2017, Published under Cement NewsCement consumption in Peru fell 5.2 per cent to 836,000t in December 2016, according to Asocem, the country's cement association. Exports decreased 43.5 per cent to 27,000t from 47,000t in December 2015. Cement production in December reached 886,000t, representing a 4.8 per cent decline YoY. For full-year 2016, Asocem reported a 3.4 per cent market contraction from 9.978Mt in 2015 to 9.643Mt. However, Peruvian cement producers found some solace in overseas markets and reported an 11.3... |
Colombia's cement consumption down 4.6% YoY in November16 January 2017, Published under Cement NewsCement demand in Colombia fell by 4.6 per cent in November 2016 to 1.019Mt when compared with November 2015, according to DANE, the country's statistics office. Output decreased by 3.5 per cent to 1.009Mt when compared with November 2015, when production reached 1.045Mt. In Nariño deliveries advanced by 21.1 per cent and in Antioquia by 7.7 per cent. On the other hand, Cesar noted a 29.1 per cent drop, with Santander and Cundinamarca reporting demand down by 18.4 and 15.5 per cent, respe... |
Iran's cement industry is 'behind the times', says minister16 January 2017, Published under Cement NewsAmbitious government plans were set out to boost cement production capacity to 120Mta from the current 80Mta by the end of 2025, as part of ambitious targets set in the 20-Year Vision Plan (2005-25). However, Minister of Roads and Urban Development, Abbas Akhoundi, has cast doubt on the Industries Ministry’s capacity expansion plan due to the persistent market glut and said the Vision Plan target will be “incredibly difficult” to achieve unless the producers’ mindset and domestic ma... |
Colombia: FLSmidth secures EcoCementos order11 January 2017, Published under Cement NewsEcoCementos has selected FLSmidth as the equipment supplier for its new plant in Rio Claro, Sonson, Antioquia, Colombia. FLSmidth has been contracted for the engineering, procurement and supply of equipment to the 3150tpd production line. The order includes equipment ranging from from crushing to packing, as well as equipment from FLSmidth product companies. Planetary gear units will be supplied by FLSmidth MAAG Gear, fabric filters from FLSmidth Airtech, a packing plant from FLSmidth V... |
Indonesia - new investment must be outside Java10 January 2017, Published under Cement NewsEstimates released by the Indonesian Ministry of Industry indicate that total national cement capacity in 2017 will reach 102Mta versus a total requirement of 70Mta. In response, the Indonesian government is formulating plans to manage the scale and distribution of future cement capacity investment in the country as it tries to control oversupply, particularly in Java, according to a report in Bisnis Indonesia. Director General of Chemical, Textile and Miscellaneous Industry Ministry, Har... |
Semen Indonesia net profit down by 3% in 201610 January 2017, Published under Cement NewsPT Semen Indonesia Tbk made a net profit of IDR4.01trn (US$301.6m) in 2016, which was lower than the IDR4.52trn the previous year. "National cement growth in the year was down three per cent due to the presence of new industries and the projection of a negative 1.1 per cent growth in December," said Rizkan Chandra, president and director of the company. Mr Chandra went on to say how the company’s Tuban plant was performing well, with production at the plant reaching 1,381,907t, five pe... |
Cemex amends Trinidad Cement bid10 January 2017, Published under Cement NewsCemex has announced that its indirect subsidiary, Sierra Trading, will present a change and variation notice making an amended offer to the offer and take-over bid of Trinidad Cement Ltd (TCL) that was presented on 5 December 2016. The acquisition of up to 132,616,942 ordinary shares in TCL paired with its existing share ownership in TCL of approximately 39.5 per cent, will result in Sierra Trading holding up to 74.9 per cent of the equity share capital in TCL. Pursuant to the amended ... |
Swiss cement demand advances 4.2% in 201609 January 2017, Published under Cement NewsSwiss cement producers dispatched 1,076,007t of cement in 4Q16, up 1.6 per cent from 1,058,619t delivered in 4Q15, according to the latest data of the country's cement association, Cemsuisse. The figures include dispatches to Liechtenstein. In 2016 total cement deliveries reached 4,397,180t, a 4.2 per cent increase from 4,219,466t when compared with the previous year. Around 52.1 per cent of deliveries were carried out by rail. Ready-mix concrete plants accounted for 73.5 per cent of ... |
Nepal: cement grading process delayed09 January 2017, Published under Cement NewsAlthough the Nepal Bureau of Standards and Metrology (NBSM) says it has penned a quality certification draft, the government is yet to begin the grading process for domestic cement brands. The NBSM has failed to arrange a meeting of its technical committee, which is authorised to give a final shape to the draft. Once the meeting of the technical committee approves the draft, the document will be forwarded to Nepal Standard Council (NSC) for final approval. Bishwo Babu Pudasaini, director ... |