Cement News from International Cement Review


HeidelbergCement updates financial targets and strategic priorities
Corporate - 12 June 2018

HeidelbergCement updates financial targets and strategic priorities

HeidelbergCement presented its Vision 2020, updating financial targets and strategic priorities for the three-year period starting 2018 at its Capital Markets Day 2018 in Bergamo, Italy. The group aims to increase free cash flow generation to around EUR6bn during this period, driven by further efficiency gains and potential market upsides as well as a reduction in financial costs and disciplin...

International - 19 June 2018

Peru’s consumption stable in May

Peru’s cement market remained largely stable in May with consumption edging up by 0.6 per cent YoY to 0.778Mt and by 2.5 per cent from 0.759Mt the previous month, according to the latest data by Asocem, the country’s cement association. Peru’s cement production rose 3.4 per cent YoY and four per cent MoM to 0.807Mt in April. Clinker production fell 15.1 per cent to 0.636Mt when compared with...

Trading - 14 June 2018

Hima Cement forecasts prices to fall in Uganda

Nicholas George, Hima Cement Country CEO, has stated that cement prices in Uganda will fall some more as new capacities, such as Hima's 1.7Mta expansion in Tororo, come on-stream. Mr George said the period of rising cement prices was over. Speaking to the Daily Monitor, he said: "The country was faced with rising cement prices for about one month. But it is over. It was an accumulation of d...

Freight Markets - 13 June 2018

JT Cement orders 8000dwt cement carrier

Norway’s JT Cement AS has ordered a pneumatic cement carrier from Netherlands-based Ferus Smit, according to Erik Thun AB. The ship will be the sister vessel of M/V Greenland and is scheduled for delivery in July 2019. "The vessel will be an improved version of Greenland but with a somewhat larger cargo carrying capacity at 8000dwt. In addition, we will increase the LNG tank capacity to 200m ...

Corporate - 19 June 2018

Thai King increases stake in Siam Cement

Thailand’s King Maha Vajiralongkorn Bodindradebayavarangkun has increased his stake in Siam Cement Group from 0.8 per cent to 30.8 per cent, and has become the top shareholder. King Vajiralongkorn took over all of the shares previously controlled by the Crown Property Bureau (CPB), an entity that manages royal assets, according to Nikkei. The transfer will not result in any change to the ope...

Environmental - 11 June 2018

CIMAF Ghana invests in managing environmental impact

CIMAF Ghana Ltd has allocated 15 per cent (US$9.9m) of its US$66m investment in the country to manage the environmental impact of its production facilities, according to Ghana Web. The company's 1.1Mta plant near the port of Tema was fitted with bag filters to control dust emissions and a gas analyser was installed to monitor the exhaust gas from the stacks, according to Mr Mohammed Bennis, ...

Recent Orders - 13 June 2018

Flying Cement orders Aumund bulk handling equipment

Flying Cement (Flying Group of Industries) is planning to increase its production by building an 8000tpd kiln line. Aumund Fördertechnik GmbH will supply two of the main bucket elevators for this project, those for the raw meal silo and the heat exchanger, as well as two pan conveyors for clinker. The complete supply package from Aumund Fördertechnik to Flying Cement also includes 13 Aumund si...