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Tabuk Cement grows sales on price rise 24 July 2019
Saudi 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.