Displaying items by tag: GCW236
US: Eagle Materials has reported that its earnings from its cement business rose by 11% year-on-year to US$41.8m in the third quarter of 2015. The earnings increase was attributed to a 4% increase in average net cement sales prices and record quarterly cement sales volumes.
Cement revenues for the third quarter rose by 9% to US$97.1m. Cement sales reached 1.2Mt, a rise of 1% year-on-year. Eagle also reported that its cement businesses in Texas and Oklahoma was impacted by heavy rains in October and December 2015 which resulted in lower sales volumes in both of those markets. Additionally, in Texas, increased demand for construction grade cement continues to offset much of the impact from lower oil well cement demand.
Turkey: The Turkish Cement Manufacturers' Association (TÇMB) has signed a two-year labour agreement with the CIMSE-IS union. Under the terms of the deal workers wages will rise by 10.5% from 1 January 2016, according to CIMSE-IS and Reuters. Subsequently, workers will receive a raise on 1 Janaury 2017 based on an individual factory basis. Adana Çimento, Aslan Çimento, Unye Çimento, Mardin Çimento, Bursa Çimento and Bolu Çimento are members of the union.
Jovein Cement wins environmental award
28 January 2016Iran: Jovein Cement has won an award for most environmentally conscious cement manufacturer in Iran.
Reasons for winning the award included: the cement producer's efforts to extend the lifetime of its kiln refractory bricks by optimising the rate of production and thereby the energy consumption of natural gas; the recycling of refractory materials; investing in installing an online pollution analyser on the plant's main exhaust; using electro-filter technology to reduce the amount of cement dust and other general pollution released to the neighbouring community.
Future plans by Jovein Cement include the installation of a waste heat recovery system to recycle up to 30% of the heat generated by the plant. As an ancillary benefit the plant will also be able to heat water used at the site.
UK Competition and Markets Authority publishes final cement price announcement order
28 January 2016UK: The Competition and Markets Authority (CMA) has published a final order affecting the suppliers of cement and cementitious products in Great Britain (GB). The order sets out these suppliers will be prohibited from sending generic price announcement letters to their customers. Instead, any price announcement letter will have to be specific and relevant to the customer receiving it, including setting out the last unit price paid, the new unit price and specific details of other charges that apply to the customer. The order is effective from 23 January 2016.
The order results from the Competition Commissions (CC) investigation into the supply or acquisition of aggregates, cement and ready-mix concrete in GB, which required Lafarge Tarmac to sell one of its cement plants and Hanson to sell one of its ground granulated blast furnace slag (GGBS) plants to enhance competition in the cement and GGBS markets. The CC also said that it would implement two further remedy measures aimed at reducing transparency in the GB cement markets, comprising a prohibition on generic cement price announcements and restrictions on the disclosure and publication of market data.