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08 May 2018

Starlinger installs 300th conversion line for Ad*Star bags

Philippines: Austria’s Starlinger has installed its 300th conversion line for Ad*Star bags at Sakomoto International Packaging’s plant in Caloocan City near Manila. The ad*starKON line was delivered as part of two sack conversion lines for the client. Sakomoto International Packaging supplies the local cement industry with Ad*Star sacks made of polypropylene fabric.

Published in Global Cement News
Tagged under
  • Philippines
  • Starlinger
  • Bags
  • Upgrade
  • GCW352
07 May 2018

Tongyang Networks to sell stake in Sampyo Cement

South Korea: Tongyang Networks plans to sell its stake in Sampyo Cement for US$12.7m, according to Reuters. The sale covers 3,000,000 shares. Tongyang Cement & Energy changed its name to Sampyo Cement in 2017 following its purchase by Sampyo Corporation in 2015.

Published in Global Cement News
Tagged under
  • South Korea
  • Tongyang Cement & Energy
  • Tongyang Cement
  • Sampyo Cement
  • Shares
  • Tongyang Networks
  • GCW352
07 May 2018

Afghan Ministry of Mines & Petroleum to re-issue tender for Jabal Saraj cement plant

Afghanistan: The Ministry of Mines & Petroleum plans to re-issue a tender for the Jabal Saraj cement plant. The winning company will have to invest US$170m into the project to build 1Mt/yr plant, according to Tolo News. Previously, a local company won the tendering process to renovate the unit but the High Economic Council has decided to find a company with more industry experience.

Published in Global Cement News
Tagged under
  • Afghanistan
  • Ministry of Mines and Petroleum
  • Government
  • tender
  • Plant
  • GCW352
04 May 2018

Eagle Cement’s first quarter profit grows on sales and efficiency gains

Philippines: Eagle Cement’s profit for the first quarter of 2018 has grown due to higher sales volume and efficiency gains. Its net profit rose by 3% year-on-year to US$21.3m, according to the Philippine Daily Inquirer newspaper. Its sales revenue rose by 6% to US$77.4m. The cement producer attributed its increase in sales volume to efficient production methods at its cement plant.

Published in Global Cement News
Tagged under
  • Philippines
  • Eagle Cement
  • Results
  • GCW352
04 May 2018

Caribbean Cement buys equipment from Trinidad Cement

Jamaica: Caribbean Cement has signed an agreement to buy plant equipment from its parent company Trinidad Cement. The US$118m deal includes kiln and mill equipment being used at Caribbean Cement’s Rockfort plant in Kingston. The equipment was previously leased to Caribbean Cement in 2010.

Published in Global Cement News
Tagged under
  • Jamaica
  • Caribbean Cement
  • Trinidad Cement
  • Plant
  • Purchase
  • GCW352
04 May 2018

Supreme Court asks cement producers near Katas Raj Temples to consider payment plans for water

Pakistan: The Supreme Court has asked cement producers using water near the Katas Raj Temples in Punjab to submit recommendations for a policy on how they should pay for the resource. The court noted that the companies have used water worth ‘billions of rupees’ without any payment, according to the Pakistan Observer newspaper. Chief Justice Mian Saqib Nisar criticised a local government official, “for giving away everything for free.” The court has been investigating media reports that the pond at the Hindu heritage site was drying out due to water consumption by nearby cement plants.

Published in Global Cement News
Tagged under
  • Pakistan
  • Supreme Court
  • Legal
  • Plant
  • Water
03 May 2018

US and Asian markets raise Vicat’s sales in first quarter

France: Vicat’s sales in Turkey, the US and Kazakhstan have driven its growth in the first quarter of 2018. Its sales revenue for its cement business rose by 10.9% year-on-year at constant scope and exchange rates to Euro290m in the first quarter of 2018. Its cement sales volumes rose by 6.5% to 5.2Mt from 4.9Mt.

“We posted significant business growth in Turkey, the US and Kazakhstan, excluding currency effects. The gradual recovery continued in France and India was boosted by the start-up of new infrastructure projects. Conversely, we recorded a business contraction in Switzerland during the first quarter as a result of adverse weather conditions, especially in March 2018, and the completion of a number of major projects. The group’s business trends in Egypt were hampered by the military operations underway to restore security in its production area,” said group chairman and chief executive officer (CEO) Guy Sidos.

Published in Global Cement News
Tagged under
  • France
  • VICAT
  • Results
  • Türkiye
  • US
  • Kazakhstan
  • Switzerland
  • Egypt
  • GCW352
03 May 2018

Saudi company to build bag plant in Egypt

Egypt: A Saudi Arabian company plans to build a US$28m paper bag plant at Borg El-Arab in Alexandria. The plant will have three production lines including one exclusively for manufacturing cement bags, according to the Daily News Egypt newspaper. Ahmed Abdel Razek, head of the Industrial Development Authority (IDA), said that the company plans to start production a year-and-a half after land for the unit is allocated.

Published in Global Cement News
Tagged under
  • Egypt
  • Saudi Arabia
  • Investment
  • Bags
  • Plant
  • GCW352
03 May 2018

GICA makes first cement export to Europe

Algeria: Groupe des Ciments d’Algérie’s (GICA) has made its first export to Europe. The Ministry of Industry and Mines said that 45,000t of cement was exported to Europe via GICA’s building materials distribution subsidiary, according to the L’Expression newspaper. The consignment was the last part of a contract to export 0.2Mt of cement to Europe.

Published in Global Cement News
Tagged under
  • Algeria
  • GICA Group
  • Groupe des Ciments d’Algérie
  • Export
  • Europe
  • Government
  • GCW352
03 May 2018

German investors to build cement plant in Libya

Libya: German investors have met with the mayor of Al-Bayda to discuss building a cement plant in Cyrenaica. The proposed plant will have a production capacity of 4000t/day, according to the Libya Observer. The plant will be located south of Al-Bayda.

Published in Global Cement News
Tagged under
  • Libya
  • Germany
  • Investment
  • Plant
  • GCW352
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