Cement News from International Cement Review

Corporate - 17 April 2018

Breedon enters agreement to acquire Lagan Group (Holdings) Ltd

Breedon Group Plc has entered into a conditional agreement to acquire Lagan Group (Holdings) Ltd (Lagan), a leading Belfast-based construction materials business, for a cash consideration of GBP455m on a cash- and debt-free basis. The consideration will be financed by a combination of a new GBP150m term loan, a new GBP350m revolving credit facility which replaces Breedon's existing GBP300m r...

International - 20 April 2018

The Peruvian cement market expanded 2% in March

Peru’s cement consumption rose 1.9 per cent YoY to 816,000t and one per cent MoM from 824,000t in February 2018, according to the national cement association, Asocem. Cement producers delivered a total of 791,000t of cement to the domestic and export markets, up two per cent YoY and 4.7 per cent MoM. In February total dispatches reached 756,000t. Domestic deliveries rose 2.6 per cent YoY to...

Trading - 20 April 2018

Export of clinker from Pakistan on the rise

The Pakistan cement industry experts predict a greater clinker export potential for export since excess capacities in China have been curtailed substantially over environmental concerns, while demand from Bangladesh and other countries are also growing. India and Vietnam as well as east Africa (and particularly Uganda and Tanzania) remain viable export destinations for Pakistani cement produce...

Freight Markets - 22 February 2018

McInnis Cement faces rail limit

Canadian cement producer McInnis Cement faces a new challenge in distributing its cement. The Quebec Ministry of Transport is imposing a 10 rail cars/week limit on cement transportation between Matapédia and Caplan due to the dismal state of the rail line. While 90 per cent of its 2.3Mt cement output is shipped, McInnis Cement had planned to increase rail transport of its products to Canadi...

Corporate - 20 April 2018

ACC announces 19% net profit increase in 1Q18

India's ACC has announced a 19 per cent YoY increase in net profit to INR2.5bn (US$38m) for the 1Q18. The company has attributed this positive performance to increased volumes and net sales, despite rising costs, according to The Economic Times. EBITDA rose 18 per cent to INR4.92bn, while net sales surged 14 per cent to INR35.57bn. "A rise in energy slag prices adversely impacted operating...

Environmental - 19 April 2018

Ambuja Cement ranks highly in global CDP report

India’s Ambuja Cements Ltd has been ranked as number two in the world in the latest report from the Carbon Disclosure Project (CDP). The report features 13 of the largest publicly-listed companies, which account for 15 per cent of global cement production, and highlights their business readiness for a low-carbon economy transition. "We are delighted with the CDP’s World ranking – and even mo...

Recent Orders - 11 April 2018

Wonder Cement awards contract to Gebr Pfeiffer

India’s Wonder Cement has ordered two additional vertical mills from Gebr Pfeiffer, adding to the five already supplied by the company. Due to the mill's ability to grind moist material, the cement manufacturer ordered a MVR 6000 C-6 to grind cement. This feature was significant since Wonder Cement uses stored fly ash, which has a high-moisture content, as an extender. Furthermore, the mill...