Cement News from International Cement Review

International - 16 October 2017

Cemex, Holcim, Cementos Argos face cartel allegations in Colombia

Cemex, Holcim and Cementos Argos have 20 days to respond to allegations of cartelisation in the Colombia’s cement market. If the evidence against the companies is found conclusive, they could be subject to fines of up to COP70bn (US$23.9m) per infraction. The investigation started in August 2013 when the Superintendency of Industry and Commerce (SIC) opened an investigation and formulated a...

International - 20 October 2017

Peru sees 4% rise in cement demand in September

Cement consumption in Peru advanced 3.8 per cent YoY from 0.82Mt in September 2016 to 0.851Mt one year later, according to data from Asocem, the country's cement association. Total dispatches increased 2.9 per cent YoY to 0.884Mt in September 2017 from 0.86Mt in the year-ago period. This includes a 14 per cent drop in cement exports to 33,000t. However, Peru’s cement producers also exported...

Trading - 20 October 2017

Cement prices fall in Pakistan's northern zone

Competition among the cement players, particularly in Pakistan's northern zone, and seasonal fall in demand have triggered a cement price discount. BMA Capital states that cement prices in the north have fallen by another PKR10-15/bag (US$0.09-0.14) since mid-October 2017. The new retail price range now hovers around PKR460-500/bag, while the list price still remains at PKR510-520/bag, ref...

Freight Markets - 09 November 2016

Fuel and SOx cap to raise charter rates

In the first weeks of October, the Baltic Dry Index (BDI) climbed to 922 points, an improvement of almost 350 per cent on the levels recorded in February. The recent strengthening of the BDI may be a result of changes in the Chinese iron ore and coal markets. Following a government-mandated decrease in domestic production, imports of Australian and Indonesian coal rose by 35 and 56 per cent, r...

Corporate - 20 October 2017

Dangote Cement group increases revenues by 37% in 9M17

Dangote Cement’s overall group revenue increased by 36.5 per cent from NGN442.1bn (US$1.08bn) in the first 9M16 to NGN603.6bn in 9M2017, despite a 10.1 per cent fall in group cement volumes to 16.5Mt, as the impact of price increases dampened demand in Nigeria. The group’s profit for the period was NGN193.1bn, up 44.6 per cent compared to NGN133.5bn in 2016. “Dangote Cement has continued to...

Environmental - 20 October 2017

Irish Cement and local residents kept waiting on hazardous waste burning

An Bord Pleanála, Ireland's Planning Board, has said they need more time to decide on the planning permission granted to Irish Cement to enable it burn hazardous waste as a power source at its manufacturing plant in Mungret. In March Limerick City and County Council approved a EUR10m plan by Irish Cement that would allow the company burn up to 115 types of hazardous material, including ani...

Recent Orders - 17 October 2017

Loesche to deliver three VRMs to Sohag plant

Loesche will take part in the construction of a new 2Mta cement plant for Egypt Cement as it supplies three vertical roller mills (VRMs). The planned works is located nearly 500km south of Cairo in Sohag. Loesche's scope of delivery includes a raw material mill with a capacity of 540tph of cement raw meal, a 350tph cement mill as well as a coal mill with an output of 45tph. The cement mill ...