Global Cement News

China: Dongwu Cement has forecast that its sales revenue will rise by 60% year-on-year to US$56.4m in 2017 from US$35.2m in 2016. It has attributed the boost to increased sales volumes and the price of cement, according to ET News. Its profit is forecast to more than double to US$10.7m from US$2.37m. The cement producer will release its full annual results later in March 2018.

Indonesia: Indocement has inaugurated a 0.5Mt/yr at Palembang in South Sumatra. The terminal has two cement silos and a packaging plant, according to Warta Ekonomi magazine. The new unit will allow the cement producer to sell bulk cement and it is expected to increase its presence in Sumatra.

Georgia: Oman’s Raysut Cement has approved an initial study to consider building a 1Mt/yr cement plant in Georgia. The company’s subsidiary Pioneer Cement Industries Georgia owns a limestone mine with reserves of over 30Mt about 60km from Tiblisi. A final decision on the project is expected to be made by June 2018. Discussions have also commenced with possible partners for both equity participation and engineering, procurement and construction (EPC) contracting.

Egypt: Egypt Petroleum Technology (EGYPTCO) has received bids from US, Canadian and Saudi Arabian companies to finance two oil well cement production projects with a value of US$500m. An agreement is expected to be reached by mid-2018, according to the Egypt News Daily newspaper. The company is seeking to reopen an existing cement production line and build a new plant to produce both specialist cement and additives.

France: Workers at Ciments Calcia’s Airvault cement plant have gone on strike, according to the Ouest-France newspaper. They have taken industrial action in relation to an on-going pay dispute.