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Shree Cement’s profit before tax suffers from power costs 23 January 2019
India: Shree Cement’s income rose by 15% year-on-year to US$1.18bn for the first nine months of 2018 from US$1.07bn in the same period in 2017. However, its profit before tax fell by 50% to US$95.2m from US$192m. This was mainly due to rising power and fuel costs and logistic expenses.
Pakistan cement despatches up by 9.4% to 46.8Mt in 2018
Written by Global Cement staff
23 January 2019
Pakistan: Local cement despatches grew by 5.9% year-on-year to 40.9Mt in 2018 from 38.6Mt in 2017. Exports increased by 42% to 5.9Mt from 4.6Mt, according to data from the All Pakistan Cement Manufacturers Association. Overall, all cement despatches rose by 9.4% to 46.8Mt from 42.8Mt. By region, despatches and imports grew faster in the south of the country and exports fell by 7.8% in the north. Exports to Afghanistan fell by 12% but exports to India rose by 2% and overseas exports increased by 155%.
The Gambia raises import tariffs on cement from Senegal 23 January 2019
The Gambia: The government has introduced a 5% import tariff on cement imports from Senegal. The new tax was issues to the Gambia Revenue Authority in November 2018 for enforcement from the start of 2019, according to Foroyaa news website. Local cement dealers have complained about the new tax, saying that local production is unable to meet demand. They have urged the government to reconsider its policy.
SCG to buy out share in Cambodian transport company 23 January 2019
Cambodia: The cement arm of Thailand’s SCG plans to buy the remaining shares in Jumbo Barges, a water transportation and logistics company, for US$0.5m. Once completed, the cement producer intends to invest in the subsidiary to grow its logistics business in Cambodia including bulk cargo for both import and export. It also plans to use the company to provide logistics to neighbouring countries. The transaction follows two similar deals for logistics companies in Thailand.
Menzel supplies motor for Canadian cement plant 23 January 2019
Canada: Germany’s Menzel Elektromotoren has supplied a spare motor for a cement plant in Canada. A new slipping motor was required to replace three existing crusher motors in case of a failure. Due to tight space restrictions Menzel's project manager took the measurements in Canada personally. A 4.5MW motor was selected from stock, an extended shaft was built and adapter plates were fitted with mounting holes for all three locations as well as brackets for plug and play mounting of vibration sensors for condition monitoring. In addition, the terminal box was fitted with long feeder cables to facilitate the third-party connecting-up.
The German motor manufacturer supplies electric motors to end-users. It is also a supplier and partner of drive manufacturers, distributors and maintenance companies.