Displaying items by tag: GCW417
Algeria: Groupe des Ciments d’Algérie’s (GICA) Aïn el Kebira cement plant in Setif has been certified by the American Petroleum Institute (API) to produce oil well cement products. It has been award two certificates following a one-year audit, according to the El Moudjahid newspaper. Djamila Tamazirt, Minister of Industry and Mining, who was on a tour of the unit, said that the development would help the country to stop importing oil well cements. The country imports an estimated 0.2Mt/yr of oil well cement at a cost of nearly US$30m.
Libya: The Libyan Cement Company (LCC) says taxes, poor weather and local fighting have hampered its progress over the last year. The introduction of a 183% Foreign Exchange Tax in the last quarter of 2018 has tripled the price of imported spare parts, supplies and capital goods. This has delayed repairs to the cement producer’s plants. However the company believes that the tax may be lowered in the near future. A long and wet winter has also been blamed for reducing the demand for cement and reducing the company’s cash flow.
Fighting in Tripoli has affected the LCC’s operations in the east of the country with multi-month long interruptions to the supply of raw materials. It said that key roads have recently been re-opened following negotiations relieving the situation and that it hopes they will stay open.
The company said that it is still working towards a Euro200m upgrade project to its plant in Benghazi. The plan is to increase the unit’s production capacity to 3Mt/yr from 2Mt/yr.
Bedeschi opens new subsidiary in Russia
07 August 2019Russia: Italy’s Bedeschi has set up a new subsidiary in Moscow. The company is working on a project for OTEKO at its dry bulk terminal at the port of Taman on the Black Sea. It consists of the supply of a fully automated coal export terminal with a total aggregated capacity of more than 50,000t/hr on six loading lines. The supply includes bucket wheel stacker-reclaimers, several kilometres of conveyors and shiploaders. The system allows the blending of different types of coal. The new company in Russia joins existing subsidiaries in the US, Morocco, India and the UAE.
Malaysia: Deputy Chief Minister and State Trade and Industries Minister Datuk Seri Wilfred Madius Tangau says that the Sabah Economic Development Corporation (SEDCO) and Cement Industries (Sabah) (CIS) are in talks about building an integrated cement plant in Sabah state in Borneo. The minister was replying to questions in the state assembly about the higher cost of cement in the region compared to West Malaysia, according to the Daily Express newspaper. There are no integrated plants in the state, although CIS operates a grinding plant that uses imported clinker.
Philippines: Eagle Cement’s sales rose by 28% year-on-year to US$202m in the first half of 2019 from US$157m in the same period in 2018. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 21% to US$80.6m.
The company said it was on track to complete a 1.5Mt/yr grinding upgrade to its Bulacan plant in 2020. It added that it was secured approval for a permit to build a port terminal to support its new Line 4 production line at its Cebu plant. Once completed it expects to sell cement in the Visayas region by the end of 2020.
Arkan Cement grows profit on sale of old plant
06 August 2019UAE: Arkan Cement’s profit has grown in the first half of 2019 due to the sale of the closed Emirates Cement plan in February 2019. The subsidiary of Arkan Building Materials also said that it had benefitted from cost controls and a successful insurance claim. Its profit more than doubled to US$12.4min the first half of 2019 from US$4.67m in the same period in 2018. However, its sales revenue fell by 9.6% to US$79 from US$85.2m. It blamed this on local ‘price pressure’ due to a declining export market.
UAE: Ras Al Khaimah (RAK) Cement’s sales fell by 20% year-on-year to US$25.4m in the first half of 2019 from US$31.7m in the same period in 2018. Its profit dropped by 79% to US$0.39m from US$1.88m. Its cost of sales decreased to US$234m from US$29.1m.
Panama: The government is set to look at new regulations for hexavalent chromium (chromium VI) in cement imports. Jorge Azcárraga, the general manager of Cemento Interoceánico said that the authorities are expected to set up a technical forum to discuss the issue, according to the Panamá América newspaper. The issue is being treated separately from newly introduced requirements and standards of cement because it is considered a health issue. It was previously reported that the government was set to introduce testing imports for chromium VI in March 2019.
Mexico: Austria’s Unitherm Cemcon has been awarded the supply of an MAS DT burner to an unnamed cement plant in Mexico. The burner is designed for coal, natural gas and liquid secondary fuel operation. To optimise the maintenance work, the burner is equipped with a divisible jacket tube. A satellite burner, with the supplier’s adjustment system, will be mounted on top of the main burner to improve solid secondary fuel utilisation.
Cementos Argos launches new branding in Dominican Republic
06 August 2019Dominican Republic: Cementos Argos has launched new branding under the tagline of 'imagine all we can build together.' Gary De la Rosa, chief executive officer (CEO) of the company, said that it would enhance the value the company offered to its customers, according to the Hoy newspaper. The Colombian company operates two ready-mix concrete plants and a cement grinding plant in the country.