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02 November 2018

Myanmar ministry seeks investors for cement plant in Chin State

Myanmar: The Ministry of Natural Resources and Environmental Conservation (MNREC) is seeking expressions of interest from foreign and local investors to run a feasibility project ahead of building a new cement plant at Hakha Township in Chin State. Early studies suggest that the area has sufficient limestone reserves to support a 5000t/day plant, according to the Myanmar Times newspaper. A new unit in the region is expected to boost the local economy as Chin State has no cement plants.

Published in Global Cement News
Tagged under
  • Myanmar
  • Plant
  • Government
  • Investment
  • GCW378
02 November 2018

Cement Manufacturers Association of Ghana supports new build code

Ghana: The Cement Manufacturers Association of Ghana (CMAG) has praised the introduction of the country’s first building code. The Building Code for Ghana was launched by Vice President Mahamudu Bawumia in late October 2018, according to the Ghana Multimedia Group. The 1700-page document, in 38 sections, covers all essential areas for the operation of the building and construction industry. The production and launch of the code is intended to end irregularities in the building and construction sector and set standards to ensure that local construction is safe and meets international standards.

“Today is a very significant day in the annals of the history of this country. For the first time ever, through the collaborative efforts of different agencies, Ghana has a comprehensive Building Code. The Ghana Building Code, GS1207 of 2018 is a document that is long overdue but which has finally been delivered,” said Bawumia. He added that the code would reassure people about the risk of collapsing buildings.

Published in Global Cement News
Tagged under
  • Ghana
  • Cement Manufacturers Association of Ghana
  • Government
  • building code
  • GCW378
02 November 2018

Lagan bagged cement products rebrand as Breedon

Ireland/UK: Lagan Group’s bagged cement, brick and tile products have been rebranded within the Breedon Group. The Irish company was acquired by Breedon Group earlier in 2018. It manufactures a range of bagged cement, concrete roof tiles and clay facing bricks, which it supplies to builders’ merchants across the UK and Ireland. The newly branded range has widened the product range available through Breedon’s distributor network.

As James Cousins, regional director responsible for Breedon’s specialist building products, said, “It’s a very exciting time to be part of Breedon. We’ve spent the last few months getting to know our new colleagues, as well as the products and plants within the group, and the rebranding from Lagan to Breedon demonstrates our commitment to the market to move forward as a single brand, leveraging the strength of the enlarged group to offer our customers high quality products and the highest level of customer service.”

Published in Global Cement News
Tagged under
  • Ireland
  • UK
  • Lagan
  • Breedon Group
  • Brand
  • Product
  • GCW378
02 November 2018

Dalmia Bharat reports mixed half-year as merger with Odisha Cement completes

India: Dalmia Bharat’s sales rose but its earnings and profit fell in the half-year to the end of September 2018. Its income increased by 10% year-on-year to US$625m from US$570m and its sales volumes grew by 13% to 8.6Mt from 7.6Mt. However, earnings before interest, taxation, depreciation and amortisation (EBITDA) decreased by 8% to US$126m from US$138m and its profit after tax dropped by over a third to US$7.7m from US$12m.

The cement producer said it had reduced its logistic costs despite an increase in diesel prices. It also reported that its alternative fuels co-processing rate was 5.5% in the second quarter of its 2019 financial year with the company focused on raising this. The board of director also announced that the amalgamation with Odisha Cement had been completed.

Published in Global Cement News
Tagged under
  • India
  • Dalmia Bharat
  • Results
  • OCL India
  • Merger
  • GCW378
02 November 2018

Aixergee holds seminar on production optimisation

Germany: Aixergee has held its annual workshop-seminar on process optimisation for cement producers. The two-day event took place in Aachen in early October 2018. It covered improvements in the cement production process, including production increases, emissions regulations, alternative fuel burning and related topics. Aixergee uses a modelling toolbox from over 200 optimisation projects it has been involved with and a particular focus was on methods such as CFD (computational fluid dynamics), flowsheet simulation and data analysis.

Published in Global Cement News
Tagged under
  • Germany
  • aixergee
  • Seminar
  • training
01 November 2018

Spanish government and unions urge Cemex to keep Gádor cement plant open

Spain: The Ministry of Industry and two unions have asked Cemex to keep the Gádor cement plant in Almería open. However, the Mexican cement company has rejected the pleas although it has said it will make a ‘definitive’ decision shortly, according to the Expansión newspaper. The company is due to start mandatory consultations with the unions in early November 2018. Cemex announced in mid-October 2018 that it was closing two of its seven cement plants in the country.

Published in Global Cement News
Tagged under
  • Spain
  • Cemex
  • Plant
  • Closure
  • Government
  • Union
  • GCW378
01 November 2018

Blackstone Group and Temasek Holdings in competition for minority stake in Wonder Cement

India: Private equity companies Blackstone Group and Temasek Holdings are holding separate negotiations to buy up to a 20% stake in Wonder Cement for around US$136m. The investment is expected to allow the cement producer to expand its production capacity to 11Mt/yr from 6.75Mt/yr at present, according to the Economic Times newspaper. Wonder Cement, part of the Rajasthan-headquartered RK Group, announced in August 2018 that it was preparing to set up a 2Mt/yr clinker grinding unit in Dhule, Maharashtra.

Published in Global Cement News
Tagged under
  • India
  • Wonder Cement
  • Stake
  • Blackstone Group
  • Temasek Holdings
  • GCW378
01 November 2018

Ramco Cements’ profit down as fuel costs mount

India: Ramco Cements’ earnings and profits fell in the six months to the end of September 2018 as fuel and raw material costs rose. Its net profit after tax fell by 26% year-on-year to US$32.6m from US$44.2m in the same period in September 2017. Revenue rose by 15% to US$329m and sales volumes of cement rose by 18% to 50.8Mt. The cement producer said that sales in Kerala had been adversely affected by bad weather in the most recent quarter.

Published in Global Cement News
Tagged under
  • India
  • Ramco Cement
  • Results
  • Kerala
  • GCW378
01 November 2018

Indocement operating income down so far in 2018

Indonesia: Indocement’s sales revenue rose by 2% year-on-year to US$713m in the first nine months of 2018 from US$696m in the same period in 2017. However, its operating income fell by nearly a third to US$35m from US$97m. The subsidiary of Germany’s HeidlebergCement reported that its cost of sales rose in the reporting period.

Published in Global Cement News
Tagged under
  • Indonesia
  • Indocement
  • HeidelbergCement
  • Results
  • GCW378
01 November 2018

Saudi Cement’s sales fall by 5.8% to US$217m so far in 2018

Saudi Arabia: Saudi Cement’s sales revenue fell by 5.8% to US$217m in the first nine months of 2018 from US$231m in the same period in 2017. Its net profit after tax decreased by 20% to US$73.5m from US$92.2m. The cement producer has blamed falling sales, rising costs and an increase in Islamic finance charges for its declining profits.

Published in Global Cement News
Tagged under
  • Saudi Arabia
  • Results
  • Saudi Cement Co
  • GCW378
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