UNACEM’s income stable so far in 2019
Peru: UNACEM’s income rose by 1% year-on-year to US$145m in the first quarter of 2019 from US$143m in the same period in 2018. Its profit grew by 21% to US$57.5m from US$47.4m. Its cement despatches increased by 6.3% to 1.27Mt from 1.20Mt. The cement producer said that although its sale volumes had increased its prices had lowered. Fuel costs also rose.
Cimentos de Mocambique closes Matola plant
Mozambique: Cimentos de Mocambique has closed its Matola plant due to low demand. It made the decision following large losses, according to the O Pais newspaper. The subsidiary of Brazil’s Intercement said that the unit cost US$25m. It operates one integrated plant and four grinding plants in the country with a total production capacity of 2.9Mt/yr.
CIMAF Gabon assures government it can meet local demand
Gabon: Ciments de l’Afrique (CIMAF) Gabon has assured the government that it can increases national production to over 1Mt/yr from 0.65Mt/yr at present. Carmen Ndaot, the Minister of Industry, and other government representatives visited the CIMAF’s grinding plant as part of an assessment of a memorandum of understanding signed with the subsidiary of Morocco’s CIMAF, according to the L’Union newspaper. The company plans to spend Euro100m towards building a new plant. It is scheduled to be completed by mid-2021.
Brazil: Votorantim Cimentos plans to open a limestone grinding plant at Nobres. in Mato Grosso state to produce agricultural lime. The unit will have a production capacity of 0.7Mt/yr, according to the Valor newspaper. Once the new plant is opened in the second quarter of 2019 the company will have a total agricultural lime production capacity of 4.5Mt/yr.
The initiative is part of the building materials group’s plans to diversify its business. For the agricultural lime market it is targeting Central-West, Central-North and Northeast parts of Brazil. The Nobres plant can also produce 0.25Mt/yr of limestone filler for farm use. Following the upgrade to the Nobres plant it will be able to produce 0.75Mt/yr of dolomitic and calcitic limestone. These limestone products both have agricultural applications as soil nutrients.
INC to launch structural cement product
Paraguay: Industria Nacional del Cemento (INC) plans to launch CP 2-C 40, a cement product intended for use in structures such as bridges and roads. The new product is scheduled to be released in June 2019, according to IP Paraguay. Following the launch the cement producer will have four main cement products.
China: Anhui Conch’s revenue grew by 63% year-on-year to US$4.53bn in the first quarter of 2019 from US$2.79bn in the same period in 2018. Its net profit rose by 27% to US$903m from US$710m.
China: China Resources Cement’s turnover fell by 6.7% year-on-year to US$957m in the first quarter of 2019 from US$1.03bn in the same quarter of 2018. Its profit fell by 16% to US$189m from US$226m. Its cement sales volumes dropped by 7.7% to 15.2Mt from 16.5Mt, clinker sales fell by 2% to 1.16Mt from 1.18Mt and concrete volumes declined by 15% to 2.58Mm3 from 3.03Mm3. Sales volumes fell in the company’s main markets in Guangdong and Guangxi.
Qatar National Cement preparing to export up to 3Mt/yr
Qatar: Qatar National Cement Company (QNCC) is preparing to export up to 3Mt/yr of clinker to markets in Asia and Africa. QNCC chairman and managing director Salem Butti al Naimi said that the company was actively taking to Indian companies and that an agreement might be signed soon, according to the Qatar Tribune newspaper. He also mentioned potential targets in Iraq, Yemen and other Gulf Cooperation Council (GCC) states.
Philippines Tariff Commission delays public hearing
Philippines: The Tariff Commission has delayed a public hearing on the formal investigation on the imposition of safeguard measure on cement imports. The meeting was scheduled to take place in early May 2019, according to the Philippine Star newspaper. The commission said it was postponed in order to give it time to visit plants and check its data.
The investigation started in February 2019 to check whether a provisional safeguard duty imposed by the Department of Trade and Industry (DTI) should remain in place. The DTI applied a US$4/t tariff in the form of a cash bond on imported cement in mid-January 2019 for a period of 200 days in response to a surge in imports.
Lucky Cement income down on fuel costs
Pakistan: Lucky Cement’s revenue grew by 12% year-on-year to US$729m in the first nine months to 31 March 2019 from US$654m in the same period in 2018. Its local cement and clinker sales volumes dropped by 13% to 4.4Mt from 5.1Mt. Export sales more than doubled to 1.5Mt from 0.7Mt, Overall sales volumes rose to 6Mt. Its income fell by 18% to US$80m from US$97.3m. It said that its cost of sales rose by 14.1% due to rises in the cost of coal, packing material and other fuel prices.
The cement producer said that a 2.6Mt/yr expansion project in Khyber Pakhtunkhwa would be completed by the end of 2019. Contacting for a new 1.2Mt/yr plant in Samawah in Iraq has been finalised including a power plant from Finland’s Wärtsilä. Commercial production at the site is planned for mid-2020.