Global Cement News

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.

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.

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.

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.

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.