Cement News tagged under: Weekly Newsletter
Heidelberg updates on sustainability efforts18 September 2013, Published under Cement NewsHeidelbergCement has released its 2011/2012 Sustainability Report, highlighting topics and challenges for the German cement major in its drive for sustainable development. The new report, entitled "Foundations" also details the company's continous efforts and achievements such as reducing specific net CO2 emissions by 21 per cent and increasing its alternative fuels rate to 21.7 per cent. Sustainable business practices form an integral of the business activities “Sustainable business pr... |
Cimpor outlines Latin America spend16 September 2013, Published under Cement NewsCimpor is to invest some BRL3bn (US$1.319bn) over the next four years which is expected to include new factories in Brazil and Argentina. Company CEO Ricardo Lima said the main objective is to reinforce Cimpor's position in Brazil where it operates in all regions except the north. The company is therefore gong to invest in a new unit in northern Brazil, probably Belem or Manaus, he told local news agency, Lusa. Another factory is being planned for Argentina’ western province of San Jua... |
Tanzania Portland optimistic on 2H turnaround16 September 2013, Published under Cement NewsTanzania Portland Cement Company expects a recovery in second half net profit thanks to reduced production costs. In the first six months of the year, net profit fell by over one-third to TZS19bn (US$11.8m) due to unregulated imports, power shortages and problems with its electric transformer, the HeidelbergCement group company had previously said. However, TPCC managing director, Pascal Lesoinne that problems with the electric transformer (which had cut the number of operational mills... |
PCA sees higher demand growth from 201413 September 2013, Published under Cement NewsWhile an unusually wet spring and early summer impacted cement consumption in the first quarter of 2013, it has not put a dampener on the opportunity for strong growth in the construction sector in 2014 and beyond, the Portland Cement Association (PCA) writes in its latest forecast. The industry association sees cement consumption increasing by a modest four per cent in 2013, but will approach double-digit growth in 2014 and 2015, with 9.7 per cent consumption increases in both years. "... |
UltraTech acquires Jaiprakash's Gujarat assets12 September 2013, Published under Cement NewsJaiprakash Associates Ltd has confirmed it will sell its cement assets in Gujarat to UltraTech Cement Ltd for around INR38bn (US$598m) including debt. UltraTech, the country's largest cement maker by production capacity, will issue shares worth up to INR1.5bn to Jaiprakash and assume debts of about INR36.50bn, the companies said on Wednesday. Jaiprakash Associates has been trying to sell the plant for more than a year and was in talks with several potential buyers, including CRH. Product... |
DG Khan Cement plans greenfield plant, Pakistan12 September 2013, Published under Cement NewsDG Khan Cement has been given the green light by its Board of Directors (BoD) to set up a greenfield plant in Pakistan, but plans for a Mozambique facility have been withdrawn. The Pakistan-based manufacturer announced it is to set up the new 2.6Mta facility in the Hub District, Lasbela in the Baluchistan Province near Karachi. Its BoD has asked management to initiate the process to establish the plant, the land for which has already been acquired. If the new project comes to fruition... |
Brazil's August cement sales slip 1.2%11 September 2013, Published under Cement NewsCement sales in Brazil fell 1.2 per cent YoY in August 2013 to 6.4Mt, latest data from local association SNIC shows. During the first eight months of the year, sales reached 46.4Mt, a rise of 1.9 per cent compared to the same period of the year before. Over the 12 month period of September 2012-August 2013, sales amounted to 69.2Mt, representing an increase of 2.1 per cent on the comparative period a year earlier (ie, September 2011-August 2012). |
US June shipments down slightly YoY10 September 2013, Published under Cement NewsTotal shipments of Portland and blended cement in the US and Puerto Rico during June 2013 were about 7.6Mt, down slightly from the same month of the year before, data from the US Geological Survey shows. Shipments through the year were 37.2Mt, essentially unchanged. The leading Portland cement producing states in June were Texas, Missouri, California, Michigan and Florida, in descending order and these accounted for about 45 per cent of total shipments for the month. The leading consuming ... |
Dangote plans to invest in new Kenya plant09 September 2013, Published under Cement NewsDangote Cement plans to invest in a new cement plant in Kenya, according to the country’s president’s office. Aliko Dangote was part of a business delegation that was visiting Kenya with Nigeria's President Goodluck Jonathan. The countries signed bilateral deals in sectors including tourism, agriculture and oil and gas. "(President Uhuru Kenyatta) particularly cited the ... the decision by Nigerian tycoon Aliko Dangote to invest US$400m in a cement processing plant as an indicator that ... |
ASEC consortium wins Iraq plant contract06 September 2013, Published under Cement NewsA consortium of ASEC Cement and Iraq's Qemmet El-Iraq has won a contract to rehabilitate and manage for 14 years the Muthanna cement plant in Muthanna Governorate, Iraq. Representatives of the consortium, including Abulla Hussein of Qemmet El-Iraq as well as ASEC Cement Chairman and CEO Giorgio Bodo, attended a signing ceremony in Baghdad with Southern Cement Co., the state holding company that controls Muthanna Cement, on 28 August 2013. "We are delighted to be entering this new market ... |