Cement News tagged under: Weekly Newsletter
Holcim says Eurocement proposal 'too late' for consideration at meeting17 April 2015, Published under Cement NewsHolcim said a proposal by a major shareholder to have a seat on the LafargeHolcim board had come too late to be included in the agenda of a shareholder meeting next month. Lafarge and Holcim announced the names of the candidates for the board of the new group earlier this week, in a list comprising seven nominees from Holcim and seven from Lafarge. On Wednesday, Eurocement notified Holcim that, as the Swiss major’s second largest shareholder, it was nominating Galchev to join the board... |
Holcim and Lafarge propose final US asset disposals17 April 2015, Published under Cement NewsLafarge and Holcim announce further details on the package of assets they propose to divest in the United States, as part of their planned merger to create LafargeHolcim. The divestments include: • Lafarge's 1.1Mta Davenport cement plant (Iowa) and seven terminals along the Mississippi River to be sold to Summit Materials for a total consideration of US$450m in cash plus Summit’s Bettendorf, Iowa cement terminal • three Holcim terminals in Michigan and Illinois • Holcim's 0.6Mta Skyway... |
Lafarge Republic inaugurates new mill at Teresa works, Philippines16 April 2015, Published under Cement NewsLafarge Republic Incorporated (LRI) inaugurated a new cement mill in its Teresa plant, Rizal, the Philippines, on Wednesday. The new Fives FCB Horomill has a cement capacity of 0.85Mta and raises output at the Teresa plant to 2Mta. “We aim to keep the country abreast with the latest technology and support the country’s growth,” Renato Sunico, president of LRI told local press. Cement capacity is also being increased at the cement producer's Norzagaray plant in Bulacan, the contract for ... |
ACC quarterly volumes lower on weaker demand15 April 2015, Published under Cement NewsACC reported a decline in sales volumes for the January-March 2015 period due to weaker cement demand from the infrastructure and the general construction sectors, India’s second-largest cement producer said in a statement yesterday. The Holcim group company said its cement sales in the first three months of 2015 were down by 10.2 per cent to 5.82Mt versus 6.48Mt in the same period of last year. However, a mix of better realisation on cement sold, as a result of an increase in cement p... |
Cembureau calls for predictable EU-ETS legal framework14 April 2015, Published under Cement NewsIn a response to a public consultation on the revision of the EU Emissions Trading System (EU ETS) Directive, European cement association Cembureau advocates an improved EU-ETS after 2020 that “creates a predictable legal framework and ensures a stable long-term globally-equalised carbon price to foster investments in low-carbon technologies and eliminates carbon leakage risk.” The association argues that there should be free allocation of carbon credits for cement producers in the absence o... |
Indonesia first-quarter sales down 3.2%13 April 2015, Published under Cement NewsIndonesian cement consumption fell by 3.2 per cent YoY in the January-March period, latest figures from the Indonesia Cement Association (ASI) show. Over the first three months of the year, consumption dropped to 13.63Mt compared to 14.08Mt in 1Q14. Year to date consumption was down in Java (-1.3 per cent), Sumatra (-3.9 per cent), Sulawesi (-2.5 per cent), Kalimantan (-1.4 per cent) and Nusa Tenggara Timur (-6.5 per cent). However, a gain was recorded in Malukus and Irian Jaya (+7.7 per ce... |
CNBM signs turnkey contract with Arabian Cement Co for 10,000tpd plant10 April 2015, Published under Cement NewsCNBM International Engineering Co Ltd has signed a turnkey contract with Arabian Cement Co for a 10,000tpd clinker line in Jeddah, Saudi Arabia. It is the largest order signed by CNBM Engineering in international cement engineering markets, the company said in a statement. At the contract signing, the CEO of Arabian Cement Company (ACC) said that he believed CNBM’s Engineering mode “CNBM Plus” would bring the best project quality and a rapid return on investment. Zhang Liao, General Manage... |
Eric Olsen appointed as future CEO of LafargeHolcim09 April 2015, Published under Cement NewsLafarge and Holcim have approved the appointment of Eric Olsen as the future chief executive officer of LafargeHolcim, to be in office as from the closing of the merger project. Eric Olsen, presently Lafarge executive vice president, Operations, is appointed as future CEO of LafargeHolcim Mr Olsen (51), who has dual American and French nationalities, is presently Lafarge executive VP, Operations and has been a member of the Group’s Executive Committee since 2007. He has h... |
Saudi cement sales see annual gains09 April 2015, Published under Cement NewsSaudi cement sales for the month of February 2015 were 6.5 per cent higher than in February 2013 and 9.7 per cent higher than February 2014 when the market was impacted by a labour shortage caused by a government immigration crackdown, according to new research from NCB Capital. Sales were 3.3 per cent lower than in January 2015, but this was due to the shorter working month. NCB Capital said the increase was led by smaller players in the market like Najran Cement and Aljouf, who are co... |
Pakistan nine-month shipments up 4%09 April 2015, Published under Cement NewsPakistan cement dispatches increased by four per cent to 25.65Mt in the first nine months of the current fiscal compared to 24.78Mt in the same period of the previous year, according to data released by the All Pakistan Cement Manufacturers Association (APCMA). Local dispatches increased by eight per cent YoY to 20.22Mt in 9MFY15 compared to 18.76Mt in same period of last year. However, cement exports were down by 10 per cent YoY and reached at 5.43Mt in 9MFY15 from 6.02Mt in 9MFY14. ... |