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Phinma Group to import cement from Vietnam
Philippines: Phinma Group plans to buy a cement plant in Mariveles in Bataan and use it as a terminal to discharges exports from Vietnam. President and chief executive officer Ramon del Rosario, Jr added that the site will be operational by May 2019, according to GMA News. The site will be used to import and process 2mt/yr of cement. A deep water port at Mariveles is anticipated to allow Panamax size ships to discharge cement. /Global Cement
UAECEMENT.COM - Apr ,22,2017

LafargeHolcim Algeria completes fourth export operation to West Africa
Algeria: LafargeHolcim Algeria has conducted its fourth cement export operation to West Africa. Nearly 8500t of Ordinary Portland Cement were despatched from the port of Arzew in Oran, according to the Algeria Press Service. It follows previous batches in December 2017, March 2018 and the start of April 2018. The subsidiary of LafargeHolcim aims to increase its cement and clinker exports to West Africa to 5Mt by 2020. In Algeria the company runs two cement plants at M Sila and Oggaz in Mascara. It also operates a plant at Biskra as a joint-venture with Souakri Group and it manages SCMI s Meftah s plant in a partnership. /globalcement
UAECEMENT.COM - Apr ,22,2017

Oman s largest cement maker plots Central Asia expansion
Acquisition of Ras al Khaimah-based Pioneer Cement Industries gives Raysut Cement access to a mine in Georgia that it wants to extract from Oman s largest cement maker, Raysut Cement, is looking to grow its share of the global market by building a facility in the Central Asian state of Georgia. The company has approved an initial study to consider building a 1 million tonne per annum cement plant near the country s capital, Tiblisi. Through its subsidiary, Pioneer Cement Industries Georgia Limited, Raysut Cement owns a mine with over 30 million tons of Limestone reserves 60 kilometers away from Tiblisi. The company expanded its production to Ras Al Khaimah in the UAE in 2011 by acquiring 100 percent of Pioneer Cement Industries in 2011. Raysut Cement s plans on becoming a 20 million ton cement company by 2022, and expects a final decision on the plant in Georgia to be taken by June this year “at the latest”, it said in a statement. “Discussions have commenced with possible partners for both equity participation and engineering, procurement and construction contracting,” it added.
UAECEMENT.COM - Apr ,16,2017

Indian cement production continues positive start to the year
India s Cement Manufacturer s Association (CMA) reported cement production of 26.37 million tpy in February – an increase of around 23% on the same month in 2017. The higher production trend in February follows a similarly positive month in January, when production rose around 19.6% on January 2017, when the impact of the government s sudden demonetisation in November 2016 was still hitting the industry. The figures also put 2018 s cement production ahead of 2016, which registered cement production of 25.93 million t in January and 25.49 million t in February. The industry is well on track to beat the 2016/17 Financial Year s total production of 279.98 million t. As it stands, FY2017/18 production totalled 269.32 million t with just the March production to be reported. /worldcement
UAECEMENT.COM - Apr ,16,2017

Eagle Cement reports profit increase in 2017
Filipino cement company, Eagle Cement Corp., posted a 4% increase in net profit in 2017 on the back of a 12% jump in sales. Excluding expenses related to the company s IPO, net profit rose by 5% in 2017 compared to the yea before. “We have continued to beat our operational targets in terms of volume growth and cost efficiencies,” said the company s President and CEO Paul Ang. “Our efforts in upgrading and debottlenecking of our existing production lines allowed us to keep healthy margins, despite the challenging market environment.” The company is currently in the midst of expanding its production capacity with a third production at its Bulacan plant expected to begin operations this year. Ground has also been broken on a fourth production in Malabuyoc with completion expected in 2020. Combined, these two projects are expected to raise Eagle Cement s production capacity to around 9.1 million tpy.
UAECEMENT.COM - Apr ,9,2017

Ugandan cement producers blame shortage on power outages
Uganda: Tororo Cement and Hima Cement have blamed falling production on reduced electricity supplies. Morgan Gagranihe, the executive director of Tororo Cement, said that production from the company s plant at Tororo had fallen by half to 0.6Mt/yr from 1.2Mt/yr, according to the Daily Monitor newspaper. However, local power company Umeme has rejected the claims. It suggested instead that the cement producers were prioritising cement production for large-scale customers.
UAECEMENT.COM - Apr ,9,2017

Aoulef cement plant starts exporting cement from Algeria to Niger
Algeria/Niger: The Aoulef cement plant in Afrar province has started exporting cement to Niger. Youcef Yousfi, the Minister of Industry and Mines, welcomed the news in a statement, according to the El Moudjahid newspaper and the Algeria Press Service. The plant exported 950t of Ordinary Portland Cement by land. The 1.5Mt/yr Aoulef cement plant started production in December 2017. It aims to export around 1Mt/yr of cement. /GlobalCement
UAECEMENT.COM - Apr ,3,2017

Beumer Group launches two start-ups as part of strategy for 2018
Germany: Beumer Group has launched two start-up companies as part of its business strategy for 2018: The best, not the biggest . The new subsidiaries are intended to develop minimum viable products (MVP) or prototypes that feature minimum equipment and generate sustainable added value. Both companies are intended to use advanced and disruptive business ideas to influence and improve existing business models. BG.evolution is located in Dortmund near the Digital.Hub Logistics innovation centre. Researchers at this company are working on designing the logistics for digital business models in conjunction with the Technical University of Dortmund and other external specialists. BG.challenge in Berlin is intended to develop new business models that may disrupt existing business models from outside. BG.challenge also offers start-up support for young entrepreneurs. /Global Cement
UAECEMENT.COM - Apr ,3,2017

Indocement’s sales fall by 6% to US$1.01bn in 2017
Indonesia: Indocement s sales revenue fell by 6% year-on-year to US$1.01bn in 2017 from US$1.12bn in 2016. The subsidiary of Germany s HeidelbergCement saw its operating income fall by nearly half to US$131m from US$255m. In HeidelbergCement s annual report it said that, although cement and clinker sales grew by 5.5% in 2017, prices fell due to excess production capacity.
UAECEMENT.COM - Mar ,23,2017

Dangote Cement South Africa sales rise on higher demand in second half of 2017
South Africa: Dangote Cement South Africa s sales revenue rose by 3.7% year-on-year to US$200m in 2017 from US$192m in 2016. The subsidiary of Nigeria s Dangote Cement attributed the result to increased demand and improvements in operational efficiency in the second half of the year. Its net profit fell by 16.2% to US$4.87m from US$5.81m due to one-off income from the closure agreement with Sinoma on the final handover of a new cement plant. The cement producer added that the local cement industry increased its prices and customer mix stability in 2017. Total estimated sales volumes including imports fell by 0.8% to 12.9Mt from 13Mt. /Global Cement
UAECEMENT.COM - Mar ,23,2017

Green shoots in a challenging market
Cost savings in Egypt and rising volumes in Sub-Saharan Africa were not enough to prevent HeidelbergCement s Africa-Eastern Mediterranean Basin business reporting a fall in earnings in 2017, as weak Egyptian volumes and margin pressure in Sub-Saharan Africa more than offset the more positive trends. Like-for-like earnings down 2.7% in 2017 at €367 million, while cement volumes were down 0.6% at 19 million t. Volume growth in Sub-Saharan Africa was “not sufficient to compensate for the decline in Egypt due to the weak economy of the country,” HeidelbergCement said in its latest results. “On the cost side, Egypt could realise significant savings due to […] synergies and the adjustment of the fuel-mix due to the commissioning of a new coal mill. However, this was not sufficient to compensate for the margin pressure in the sub-Saharan countries.” There was however signs of improvement through the year with sales volumes growth in 4Q17 well above the annual average. Cement volumes were up 6.2% in the final quarter, while volumes of aggregates, ready-mixed concrete, and asphalt were significantly higher. Earnings meanwhile were up 20.2% in 4Q17. Demand growth is expected to accelerate through 2018, according to Dr Bernd Scheifele, Chairman of the Management Board at HeidelbergCement, continuing the positive trend seen at the end of 2017. Competition will however continue to pressurise margins across the region.
UAECEMENT.COM - Mar , 7,2017

UltraTech Cement fights rejected bid for Binani Cement
India: UltraTech Cement is querying the National Company Law Tribunal (NCLT) why its bid for Binani Cement had been rejected. The auction for the bankrupt Binani Cement was won by a consortium consisting of Dalmia Bharat and Bain Capital s India Resurgent Fund and Piramal Enterprises, according to the Business Standard newspaper. UltraTech Cement is questioning how the bid selection process was conducted. Although JSW Cement won the first round of bidding, the NCLT decided to ask for more bids. Bidders were then informed that their bids would be assessed using a weighted system that would consider each company s background, experience and upfront cash to be paid to the secured lenders.
UAECEMENT.COM - Mar , 7,2017

Lucky Cement takes legal action to prevent Pezu plant being shut on tax charges
Lucky Cememt has obtained restraining orders from the Peshawar High Court to prevent its Pezu plant being closed by the Excise and Taxation Department for not paying a US$135,000 property tax bill. A team from the Excise and Taxation Department attempted to close the site on 23 February 2018, according to the News International newspaper. The cement producer says that the plant continues to produce cement and despatch its products. The tax office has launched a drive to target tax defaulters in the region. It alleges that it has been chasing Lucky Cement’s tax bill for the past six years. /Global Cement
UAECEMENT.COM - Feb ,27,2017

Qatar National Cement to open fifth plant in first half of 2017
Qatar: Qatar National Cement Company (QNCC) plans to open its fifth cement plant in the first half of 2018. The move will increase its cement production capacity of 5500t/day, according to the Qatar Tribune newspaper. However, its sales of cement fell slightly to 3.4Mt in 2017 from 3.7Mt in 2016.The cement producer’s sales revenue fell by 9.6% year-on-year to US$283m in 2017 from US$313m in 2016. Its net profit decreased by 31% to US$90m from US$130m. The company blamed the falling profit on a poor local economy causing poor demand and a reduced selling price since April 2017./Global Cement
UAECEMENT.COM - Feb ,27,2017

LafargeHolcim to spend US$214m on new cement plant in Rajasthan
India: LafargeHolcim plans to spend US$214m towards building a new cement plant in the state of Rajasthan. The 3.1Mt/yr plant will be operated by its local subsidiary, Ambuja Cement, and it will target markets in the north of the country, including Delhi. Commissioning for the plant is scheduled for the second half of 2020. India is the second biggest global cement market and is forecasted to continue to see high growth rates. We are excited to invest in this highly attractive market to further strengthen our footprint and to reinforce our leading building materials position in India," said Jan Jenisch, Group chief executive officer (CEO) of LafargeHolcim.
UAECEMENT.COM - Feb ,22,2017


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