Cement News tagged under: Weekly Newsletter
Indonesian cement sales fall 9% in November14 December 2016, Published under Cement NewsThe Indonesian cement market is seeing a steep fall in cement sales as the year draw to a close. Cement sales volume during January-November 2016 was almost stagnant with November sales down nine per cent when compared with the same period last year to 5.74Mt, according to the Indonesian Cement Association (ASI). Cement sales volumes during the 11M16 period increased only 0.3 per cent YoY to 56.5Mt. In 2015 sales expanded by 1.8 per cent driven by government spending at the end of the yea... |
Slovenia: Salonit receives EUR15m EBRD loan14 December 2016, Published under Cement NewsThe European Bank for Reconstruction and Development (EBRD) has announced it is to provide a EUR15m loan to Salonit Anhovo to help it improve its operations. The funds will be used for energy and resource efficiency improvements and to restructure the company’s balance sheet. Salonit operates the largest cement works in Slovenia and alternative fuels account for 64 per cent of all fuel used for burning clinker. The EBRD loan, which will enable the installation of state-of-the-art equipmen... |
Bahrain: APICorp acquires 30% Falcon Cement stake13 December 2016, Published under Cement NewsMultilateral development bank Arab Petroleum Investments Corp (APICorp) announced it acquired a 30 per cent stake in Bahrain’s Falcon Cement Co (FCC), one of the largest cement producers in Bahrain. FCC has a current capacity of 1000tpd and is well on its way to more than double its production capacity to 2400tpd by 2017. The cement company is expected to capitalise on a series of major industrial and infrastructure projects that are fuelling the kingdom’s construction industry. The US... |
Côte d'Ivoire: Anyama grinding unit nears completion06 December 2016, Published under Cement NewsOumar Tembely, the director and resident head of mission of the West African Development Bank (BOAD) in Côte d'Ivoire, led a delegation on Saturday to see the progress being made in its investment of Diamond Cement's new grinding station, located 40km from Abidjan, on the road leading to Adzopé. The construction of the Anyama plant started in January 2015. Currently, the rate of completion of work is estimated at 85 per cent. The end of the construction, which currently employs around 2... |
Egypt: IDA to allow cement producers to pay licenses in installments05 December 2016, Published under Cement NewsThe Industrial Development Authority (IDA) is allowing the three winners of last week's cement production license auction to pay license fees in annual instalments, Al Mal reports. A source at the IDA said that the companies will receive their letters of guarantee in full once they begin production and would until then be paid back in tranches of EGP50m as they complete each phase of construction. Cement Egypt’s CEO Ahmed Abou Hashima (who is also CEO of Egyptian Steel) told Al Mal that ... |
Philippnes: DMCI Holdings wants new cement plant on Semirara island05 December 2016, Published under Cement NewsDMCI Holdings Inc is planning to build a cement plant on Semirara Island in the Visayas worth PHP18.3bn in an industry dominated by foreign manufacturers. The company hopes it can ride on the government’s infrastructure programme. Victor Limlingan, DMCI managing director, said the company is spending a total of US$380m (about PHP18.3bn) for the cement-manufacturing venture, building a cement plant and three separate grinding plants located in Batangas, Iloilo and Zamboanga, three areas tha... |
Argos becomes the fourth largest US cement producer05 December 2016, Published under Cement NewsCementos Argos is now the fourth largest cement plant in the United States after the Federal Trade Commission approved the acquisition of the 2.2Mta Martinsburg cement plant and the eight product dispatch and receipt terminals for US$660m. The assets acquired open the door to new markets in the states of Pennsylvania, Maryland, District of Columbia, New York, New Jersey and Ohio. Cementos Argos has expanded its presence in the United States, reaching 13 states and increasing its produ... |
Ghana: CIMAF plant opens for business02 December 2016, Published under Cement NewsGhanaian president John Dramani Mahama has officially opened his country’s newest cement plant, a 1Mta grinding facility owned by CIMAF, according to a report in Ghana Business News. The President – who is seeking to retain power in this month’s elections – called on the company to direct a substantial share of its profits to improving the socio-economic development of the country and the lives of its ordinary citizens. Anas Sefrioui, president of the CIMAF Group, said the Tema plant c... |
USA: Elementia acquires 55% stake in Giant Cement02 December 2016, Published under Cement NewsElementia, SAB de CV has announced that its Board of Directors has given its final approval for the completion of the acquisition of a 55 per cent stake and full control of Giant Cement Holding Inc, USA. Elementia will acquire the controlling stake from Cementos Portland Valderrivas SA for US$220m. Elementia used proceeds obtain from he capital increase through a Rights Offering to complete the US$220m deal, resulting in an implied equity value of US$400m. The company then granted Giant C... |
Egyptian government announces award of three new plant licences01 December 2016, Published under Cement NewsThe Egyptian Industrial Development Authority has today announced that three firms have been successful in their bids to build new cement plants, local media reports. The licences, which will permit the construction of new integrated works with between 1.5 and 2.0Mta capacity, were awarded to El Sewedy Cement, South Valley Cement and a third firm, identified in the article as Egyptian Cement. El Sewedy, which currently has around 2.3Mta of cement capacity, will be permitted to build a ... |