Displaying items by tag: GCW415
Tabuk Cement grows sales on price rise
24 July 2019Saudi Arabia: Tabuk Cement’s sales revenue grew by 29% year-on-year to US$30.4m in the first half of 2019 from US$23.5m in the same period in 2018. It attributed the sales growth to improved prices despite poor sales volumes. It reported a net profit after Zakat and tax of US$3.4m for the half, after a loss of US$0.27m in the first half of 2018.
Bosnia & Herzegovina: Tvornica Cementa Kakanj’s sales revenue fell by 9.7% year-on-year to Euro16.4m in the first half of 2019 from Euro18.3m in the same period in 2018. Its net profit dropped by 42% to Euro3m from Euro4.7m. The subsidiary of Germany’s HeidelbergCement operates an integrated cement plant at Kakanj.
Nepal: The Nepal Bureau of Standards and Metrology has imposed a range of quality control and certification measures upon the local cement sector. The changes are intended to improve the quality local products, according to the Kathmandu Post newspaper. The new rules include making it mandatory to include expiry dates on cement packaging. This should not be more than three months after the date of manufacture. A date for the implementation of the new rule has not been set yet.
The standards bureau has set up changes to allow domestic cement to be labelled under 33, 43 and 53 grades under government-set criteria. Previously, cement producers were free to label their own products. It has also requested that manufacturers laminate cement sacks according to new regulations.
Bangladesh: Bashundhara Industrial Complex will supply up to 45,000t of cement for the construction of a dual fuel-fired combined cycle power station at Meghnaghat in Narayanganj. It has signed a deal with China Energy Engineering Group Northeast No 1 Electric Power (NEPC) for the project. The power plant will have a net generation capacity of 590MW using regasified liquid natural gas or 541MW using high-speed diesel.
Germany: Holcim Deutschland has opened a new 110,000Mm3 ready-mixed concrete plant at Weil am Rhein in Baden-Württemberg. The unit was biult in nine months. It had an investment of around Euro4m. Lars Essert willl manage the plant.
Keystone Cement to convert Bath plant to gas firing
23 July 2019US: Keystone Cement plans to convert its Bath cement plant in Pennsylvania to gas firing from coal. The project will cost US$2.2m, with a US$0.32m grant from the Pennsylvania Department of Community and Economic Development, according to the Express-Times newspaper. Gas supplier UGI Utilities will work with Keystone to install a new underground gas line from an existing substation to a new substation at the plant. The project is scheduled for competition by mid-2020.
Argentina: Sergio Faifman, the chief executive officer (CEO) of Loma Negra has said that his company does not export cement because it is ‘not competitive’ with other countries. He cited logistical issues with transporting clinker and cement to ports, in an interview with the Ámbito Financiero newspaper. He also mentioned that the costs per tonne of cement in Brazil and Egypt were 30% and 50% respectively cheaper than in Argentina. In a ranging interview Faifman also discussed the cement producer’s labour problems at its Baker plant , its on-going upgrade at its L'Amali plant and negative effects from the local currency devaluation in 2018.
GICA starts to market cement from its Sigus plant
23 July 2019Algeria: Société des Ciments de Sigus, part of Groupe Industriel des Ciments d’Algérie (GICA), has started marketing Ordinary Portland Cement (OPC) from its 2Mt/yr integrated plant at Sigus, Oum El Bouaghi. The unit started producing cement in the first quarter of 2019, according to the L'Expression newspaper. The project had an investment of around US$427m. Germany’s ThyssenKrupp Industrial Solutions was awarded the contract to build the plant in early 2017.
Annual Pakistan cement exports grow by 40% to 6.41Mt
23 July 2019Pakistan: Data from the Pakistan Bureau of Statistics shows that cement exports grew by 40% year-on-year to 6.41Mt in the financial year to the end of June 2019 from 4.56Mt in the same period in 2018. The value of the exports rose by 22% to US$272m from US$223m.
Italy: The Italian Competition Authority (AGCM) has reduced a fine against Cementi Rossi by 20% to Euro4.6m. The fine relates to a penalty of Euro184m levied against a number of cement producers and the Italian Cement Association (AITEC), according to the Il Sole 24 Ore newspaper. The original fine of Euro5.8m was reduced following an appeal to the AGCM.