Cement News tagged under: Weekly Newsletter
HeidelbergCement sees improved results across the board for 3Q1609 November 2016, Published under Cement NewsIn its first results that include the consolidation of Italcementi, HeidelbergCement reported a significant improvement in sales volumes, revenue and operating income in the third quarter of 2016. Cement sales jumped 52 per cent to 33Mt while aggregates volumes advanced 11 per cent to 80Mt and ready-mix concrete deliveries were up 29 per cent to 12Mm 3 . In terms of deliveries, demand rose in several markets, particularly in Europe, but in some parts of North America the company reported ... |
Malaysia: CMSB pledges year-round cement supply09 November 2016, Published under Cement NewsCahya Mata Sarawak Berhad (CMSB) has said it will be able produce a year-round reliable supply of cement following the commissioning of its third and largest plant in Mambong, Sarawak. The new plant has an estimated production capacity of 1Mta and represents a MYR190m (US$44.9m) investment. Managing Director of CMSB, Richard Curtis, said the integrated plant with adjoining clinker plant will increase the firm’s production by almost 60 per cent to 2.75Mta. Current local demand lands at aro... |
India: My Home Industries to commission INR2.5bn plant08 November 2016, Published under Cement NewsMy Home Industries has announced that it will commission its 1.5Mta plant in Tuticorin, Tamil Nadu, in January 2017. The Tuticorin plant will represent a INR2.5bn (US$37.5m) investment and considerably increase the company’s access to both southern and eastern markets. Executive Director of the company, S Sambasiva Rao, told reporters that the new plant “will increase our cement production capacity from existing 8.4Mta to 10Mta.” The company also has plans to set up a greenfield plant ... |
CSI and cement leaders welcome The Paris Agreement's activation04 November 2016, Published under Cement NewsThe Paris Agreement entered into force on 4 November. Members of the Cement Sustainability Initiative (CSI) welcomed the news as a key milestone in establishing a stable regulatory framework to enable the business community to scale up the implementation of low-carbon solutions for climate change mitigation and adaptation. On 5 October 2015, 55 Parties to the Convention (UNFCCC), accounting in total for at least an estimated 55 per cent of the total global greenhouse gas emissions, deposit... |
LafargeHolcim 3Q16 net sales 3.1% lower04 November 2016, Published under Cement NewsLafargeHolcim's 3Q16 net sales amounted to CHF7.03bn, 3.1 per cent lower on a like-for-like basis on 3Q15. For 9M16 net sales reached CHF20.3bn, down -1.8 per cent on a like-for-like basis on 9M15. Eric Olsen, CEO of LafargeHolcim, said: "With these results, we are demonstrating that our focus on pricing, synergies and cash flow is delivering results. Our earnings momentum is accelerating and we are on track to achieve our commitments for 2016, resulting in a year of solid progress towards ... |
Algeria: New integrated plant to produce oil well cement02 November 2016, Published under Cement NewsAlgeria's Minister of Industry and Mines, Abdessalem Bouchouareb, has stated that a planned 1.5Mta integrated plant being built by STG Engineering and Real Estate Development will be operational by 1Q17, Radio Algérienne reports. As originally announced, the plant had been scheduled to begin production in 2016, but construction on the project did not begin until February of this year. Built at a cost of DZD21bn (US$190m) in Timokten commune in the south's Adrar province, the plant will... |
Pakistan: start-up of second Cherat production line01 November 2016, Published under Cement NewsCherat Cement Factory's Line 2 with a cement capacity of 4500tpd formally started production on 31 October 2016. The construction of the second line began in 2014 and has been completed within two years, said a senior manager at the factory. Cherat Cement is a a Ghulam Faruque Group (GFG) company and its existing 3200tpd line has been operational since 1985. The plant is located at Lakrai village, district Nowshera, Khyber Pakhtunkhwa province. Due to plant’s geographical position in t... |
India: ACC reports 10% fall in cement deliveries in 3Q1631 October 2016, Published under Cement NewsThe Indian LafargeHolcim subsidiary ACC Ltd reported a 0.5 per cent reduction in cement deliveries for the first nine months of the year to 17.54Mt, while in the third quarter the reduction was a more notable 9.6 per cent to 5.07Mt. The turnover declined by 3.6 per cent to INR82.74bn (EUR1133.50m) while EBITDA came off by 7.4 per cent to INR11.65bn (EUR159.58m), but the pretax profit rose by 18.6 per cent to INR75.84bn (EUR103.9m). The new 2.79Mt clinker plant and the 1.1Mta grinding... |
Dangote sees 21% rise in revenues, but drop in profit for 3Q1631 October 2016, Published under Cement NewsDangote reported a revenue of NGN442bn (US$1.4bn) for the nine months ended 30 September 2016, representing a 21 per cent YoY increase from NGN365bn in 9M15. Profit after tax fell to NG133bn from NGN157.9bn in 2015, impacted by foreign exchange issues and resulting in a much higher cost of sales, up from NGN138.694bn in 9M15 to NGN231.684 in 9M16. The Managing Director of Dangote Cement, Onne Van der Weijde said the management is confident of delivering strong growth this year despite t... |
Peru: Unacem reports loss of US$1.15m in 3Q1631 October 2016, Published under Cement NewsThe company Union Andina de Cementos (Unacem), one of the two largest companies in the sector in Peru, reporteda loss of PEN3.9m (US$1.15m) in the third quarter due to lower sales due to a fall construction activity. This result compared to a profit of PEN24.7m for Unacem between July and September 2015. Unacem revenues in the 3Q16 amounted to PEN464.6m compared to PEN496.1m in the same period last year. From January to September, the cement company posted a profit of PEN354.5m compar... |