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31 October 2018

Lucky Cement’s sales boosted by export market

Pakistan: Lucky Cement’s sales volumes have been supported by exports in its first quarter. Local sales dropped by 9.1% year-on-year to 0.14Mt in the period to the end of September 2018 but exports rose by 85.1% to 0.23Mt. Despite this, its revenue rose by 2% to US$121m from US$118m. However, its earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 19.7% to US$25m from US$31m. It said that its cost of sales had increased by 7.3% due to increases in coal, packaging and other fuel prices.

Published in Global Cement News
Tagged under
  • Pakistan
  • Lucky Cement
  • Results
  • Export
  • GCW377
31 October 2018

Udayapur Cement Industry resumes production following upgrade

Nepal: Udayapur Cement Industry has resumed production at its integrated plant in Udayapur after a month-long upgrade period. The project cost around US$0.75m, according to the República newspaper. The state-owned cement producer used its own technical team for the maintenance although engineers from India were employed. Following the upgrade the unit has a production capacity of up to 900t/day.

Published in Global Cement News
Tagged under
  • Nepal
  • Plant
  • Upgrade
  • Udayapur Cement
31 October 2018

Self-build sector restores Cementos Pacasmayo’s fortunes so far in 2018

Peru: Higher sales to the self-construction sector, medium-sized companies and the public sector have driven sales growth for Cementos Pacasmayo. Its sales grew by 3.1% year-on-year to US$274m in the first nine month of 2018 from US$266m in the same period in 2017. Its consolidated earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 5.1% to US$83m from US$79m.

Cement and clinker production grew by 2.4% to 1.69Mt and 14.7% to 1.30Mt respectively. The building materials producer also reported that quicklime production fell by 23.6% to 97,400t at its Pacasmayo plant due to reduced demand.

Published in Global Cement News
Tagged under
  • Peru
  • Cementos Pacasmayo
  • Results
  • lime
  • GCW377
31 October 2018

HeidelbergCement signs upgrade project with CTP Team in Ukraine

Ukraine: HeidelbergCement has signed a contract with Italy’s CTP Team to upgrade its Kryvyi Rih plant. The project includes replacing the existing filtering system and relevant dust handling for drying drum four. CTP Team will supply a new baghouse equipped with SWAP technology for the cleaning of bags with low-pressure compressed air. The new filter is intended to comply with new local environmental regulations. It will be designed specifically to fit with the existing electrostatic precipitator housing. No value for the deal has been disclosed.

Published in Global Cement News
Tagged under
  • Ukraine
  • HeidelbergCement
  • Upgrade
  • Plant
  • CTP Team
  • Filter
  • GCW377
30 October 2018

Taiwan Cement to invest up to US$1.1bn in Turkish joint venture with OYAK Cement

Taiwan/Turkey: Taiwan Cement plans to spend up to US$1.1bn on setting up a new joint venture with Turkey’s OYAK Cement. Through a new subsidiary, Dutch TCC Holdings, it intends to create a new business that will be 60% owned by OYAK Cement and 40% by Taiwan Cement. It will hold talks with OYAK Cement and if an agreement is reached the new company will operate OYAK Cement’s business in Turkey giving Taiwan Cement its first presence outside of Asia.

OYAK Cement is owned by Ordu Yardimlasma Kurumu (OYAK), the pension fund of the Turkish Armed Forces. It operates 13 integrated cement plants in Turkey with a production capacity of around 12Mt/yr. It holds a 16% market share. The plans with Taiwan Cement follow OYAK Cement’s purchase of InterCement’s operations in Portugal and Cape Verde.

Taiwan Cement hopes to gain access to the local market and the wider Mediterranean region. It said that, although it holds a production capacity of 75Mt/yr in the Greater China Region, government peak production limits and market saturation had forced it to expand internationally.

Published in Global Cement News
Tagged under
  • Taiwan
  • Türkiye
  • Taiwan Cement Corporation
  • OYAK
  • Joint Venture
  • agreement
  • neogotiation
  • Intercement
  • Cimpor
  • Portugal
  • Cape Verde
  • GCW377
30 October 2018

India Cements buys Springway Mining

India: India Cements has entered into a share purchase agreement to buy Springway Mining for around US$25m. It says it has made the purchase to build a new cement plant in Madhya Pradesh. The cement producer plans to build a 1.5Mt/yr grinding plant in East Nimar, according to the Hindu newspaper. Springway Mining operates a mining and quarrying business.

Published in Global Cement News
Tagged under
  • India
  • India Cements
  • Acquisition
  • Springway Mining
  • Plant
  • Madhya Pradesh
  • GCW377
30 October 2018

RCCPL approves expansion to Kundanganj cement grinding plant

India: RCCPL, a subsidiary of Birla Corporation, has approved an expansion to its cement grinding plant at Kundanganj in Uttar Pradesh. A new 1.2Mt/yr third line at the unit will increase the plant’s total production capacity to 3.2Mt/yr, according to the Press Trust of India. The upgrade is expected to cost around US$34m and be completed by the end of the 2020 – 2021 financial year. The cement producer is building the new production line to meet demand in central India.

Published in Global Cement News
Tagged under
  • India
  • RCCPL
  • Upgrade
  • Birla
  • grinding plant
  • Uttar Pradesh
  • GCW377
30 October 2018

Philippine Constructors Association opposes duties on cement imports

Philippines: The Philippine Constructors Association (PCA) has rejected any move to impose tariffs on cement imports, as this will only increase construction costs. The PCA said that imposition of safeguard measures would ‘adversely’ affect customers, according to the Philippines News Agency. In a position paper it has argued that cement imports counteract alleged price rises from cartel-like behaviour. The Department of Trade and Industry (DTI) started an investigation into cement imports in September 2018 amid reports of declining revenue from local producers.

Published in Global Cement News
Tagged under
  • Philippines
  • Philippine Constructors Association
  • Import
  • Government
  • Department of Trade and Industry
  • GCW377
30 October 2018

Anhui Conch Cement’s revenue rises by 55% to US$11.2bn so far in 2018

China: Anhui Conch Cement’s revenue rose by 55% year-on-year to US$11.2bn in the first nine months of 2018 from US$7.19bn in the same period in 2017. Its net profit nearly doubled to US$3.06bn from US$1.47bn.

Published in Global Cement News
Tagged under
  • China
  • Anhui Conch
  • Results
  • GCW377
30 October 2018

Gebr. Pfeiffer registers company in Malaysia

Malaysia: Gebr. Pfeiffer has registered a company in Malaysia. The German engineering company originally opened an office in the country in 2016 and it has now established a private limited company to further support its clients in Southeast Asia. The new company held its official opening in early August 2018 and it has seven members of staff.

Gebr. Pfeiffer Malaysia will offer presales, technical and service support from its office in Kuala Lumpur. Gebr. Pfeiffer Malaysia will also maintain one of four global spare parts centres offering shorter delivery times for critical spare and wear parts.

Published in Global Cement News
Tagged under
  • Malaysia
  • Gebr Pfeiffer
  • subsidiary
  • GCW377
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