Cameroon’s Cimencam drops cement price
Cameroon cement company Cimencam, which previously sold its cement higher than any other market player, has reduced its prices to become the least expensive supplier, with a 50kg bag of its cement going for XAF 4,350 (€6.63/US$7.30) in Douala.
This comes after competition on the market has increased with the arrival of two new cement producers in Cameroon, including Dangote Cement Cameroon and Ciment d'Afrique (Cimaf), as well as cement importers such as Fokou, Afrique Construction and Quiferou taking u
Philippines: higher cement sales in first nine months
Cement producers in the Philippines registered a 13.6% year-on-year increase in their collective sales volume from 16.39 million tonnes to 18.28 million tonnes during the nine months ended September 2015 including 6.37 million tonnes (up 18.6%) in July-September 2015 alone.
The Cement Manufacturers Association of the Philippine (CEMAP), which disclosed the information, attributed the sales growth to the recovery of the real estate market and a stable infrastructure spending.
Asia Cement 's net loss of CNY 264mn, January-September 2015
Asia Cement (China) Holdings Corporation reported that the company turned from a net profit of CNY 531 million (€76.36 million/US$84.07 million) during January-to-September 2014 to a net loss attributable to shareholders of CNY 264 million (€37.97 million/US$41.80 million) in the same period of 2015.
Net loss per share stood at CNY 0.168.
The loss resulted from the Renminbi devaluation and a decrease in the selling price of the company's products.
Gross profit was down by to CNY 611 million. Reven
Cimsa to invest US$55mn in Turkish cement factory
Turkish cement company Cimsa is going to invest US$55 million (€49.96 million) in a new factory in Eskisehir, Turkey).
The company plans to produce white and grey cement at the new factory and the investment will start in the last quarter of 2015. The Eskisehir factory is expected to be opened in the first quarter of 2017 and it will have a convertible system to produce grey and white cement.
Grey clinker production capacity will be 1.4 million tonnes and white clinker production will be 415,000tonnes
Indonesia: Work on Indarung VI cement plant on schedule
The managing director of Semen Padang, Benny Wendry confirmed that the development of the Indarung VI cement plant will be completed according to schedule.
The plant will capacity of 3 million tonnes will help to increase Semen Padang's total production capacity to 10.4 million tonnes.
Physical work on the IDR 3.80trillion (€252.07 million/US$277.88 million) plant has reached 65% and it is scheduled to start operations in the last quarter of 2016.
Turnover for Imerys up 8.8% in Q3 2015
In the third-quarter 2015, turnover for the French mineral and roofing group Imerys was up 8.8% (or down 5.6% on a constant perimeter and currency basis) to €1.03 billion.
In the first nine months, turnover was up 10.9% (or down 4.4% on a constant perimeter and currency basis) to €3.08 billion.
Net income group share was up 8.7% to €259.9 million.
Current operating profit was up 9.1% to €409 million.
At 30 September, 2015, the company's net debt stood at €1.6 billion, compared with €870 million
Global construction industry to see annual average growth of 3.9% 2016-20, says new Timetric CIC report
The global construction industry is expected to grow at an average annual rate of 3.9% over 2016-2020, according to a report by Timetric’s Construction Intelligence Center (CIC).
The industry has regained growth momentum worldwide, with expansion accelerating from an annual average of 2.7% a year in real terms in 2011–2013 to 3.1% in 2014. CIC forecasts a further rise to 3.8%% in 2015, and then an average annual increase of 3.9% in 2016–2020.
Based on the CIC’s Global 50, a grouping of the 50 largest
Kenya’s major sand scramble
Construction of new infrastructure in Kenya has created a huge demand for sand and gravel, forcing some consumers and suppliers to look for these materials in areas considered to have environmentally delicate ecosystems. Shem Oirere reports.
The Indian Ocean seabed and riverbanks have become the latest sources of sand and gravel as the inland quarry sources across the country are reportedly getting exhausted because of uncontrolled and unregulated harvesting of this critical construction material. The sc
Caterpillar unveils new 352F excavator
The new Caterpillar 352F hydraulic excavator, with a variable-gauge undercarriage, has a maximum operating weight of 53,300kg and is powered by a Cat C13 ACERT engine meeting EU Stage IV emissions standards and having a net power rating of 317kW.
The pilot-operated hydraulic system has a maximum flow of 770litres/minute, and the 352F features heavy-duty main structures for long-term durability; a spacious operator’s station; simple routine maintenance, and fuel-saving systems that are said to reduce operat
Overall profit of China’s cement industry falls in September
In September 2015, overall profit of the cement industry in China fell about CNY 4.1 billion (€586.23 million/US$645.88 million) to CNY 2.7 billion when compared with September 2014.
According to statistics released by the National Bureau of Statistics, overall profit of the cement industry fell around 65% or CNY 34.9 billion to about CNY 18.4 billion in January-September 2015.
The average monthly profit of the industry for the first nine months of 2015 was reported at CNY 2 billion, nearly one-third
Germany: CDC files legal action against HeidelbergCement
The Belgian Cartel Damage Claims (CDC) is reported to have filed legal action amounting to more than €138 million (US$152.04 million) against the German building materials and cement producer HeidelbergCement at the regional court of Mannheim, Germany.
HeidelbergCement has been accused of “forming a cartel with other companies and enforcing excessive pricing.”
Egypt: Qena to buy shares in ASEC Cement's units for EGP 1bn
Misr Cement (Qena) is likely to acquire shares in ASEC Cement's units for EGP 1 billion (€113.12 million/US$124.53 million).
The deal will close by 20 November 2015.
According to a statement, Qena will buy a 55% stake in ASEC Ready Mix and a 46.5% stake in ASEC Minya Cement.
ASEC Ready Mix produces ready-mix concrete while ASEC Minya Cement produces cement.
Qalaa Holdings and its unit National Development and Trading Company hold a 70% stake in ASEC Cement.
Vietnam’s Beton 6 shares to be delisted from HOSE
Beton 6 of Vietnam will delist its 33 million shares from the Ho Chi Minh City Stock Exchange (HOSE) as part of its business restructuring programme.
The cement producer noted that the delisting will take effect from 27 November 2015, while it intends to re-list its shares on the HOSE on completion of the business restructuring.
China’s Yaowangshan Cement to be 100%-owned by WCC
With a total value of CNY 767 million (€110.3 million/US$121.43 million), a 100% equity interest in China-based cement maker Yaowangshan Cement will be acquired by West China Cement (WCC) from China Jiantou Trust.
The acquisition will be settled in cash. The value comprises of CNY 376 million in shareholders' loans and CNY 392 million of share capital.
PCA announce new senior appointments in Washington D.C office
The US-based Portland Cement Association (PCA) has announced the addition of Rachel Derby to its Washington, D.C. staff. Derby will serve as vice president of government affairs, focusing on legislative relationships and advocacy.
PCA has also revealed that A. Todd Johnston has been promoted to executive vice-president of government affairs, and Collin Long has been promoted to senior director of government affairs.
“We are very pleased to have Rachel join PCA,” said James G. Toscas, PCA president
Semen Baturaja reports sales of IDR 1.03tn
Zulfikri Subli, the company secretary of Semen Baturaja, is reported as saying that the cement producer has reported sales of IDR 1.03 trillion (€67.84 million/US$74.68 million) in the third-quarter of 2015, up 26.44% from the same quarter in 2014.
During the first nine months of 2015, total sales were at 1.087 million tonnes, up 27% from 853,089tonnes in the same period in 2014.
By end 2015, the company is aiming for sales of 1.5-1.75 million tonnes.
The increased sales have been attributed to sa
ARM delays plans for new Kenyan clinker/grinding plant
Plans for a new clinker and grinding plant in Kitui, Kenya are being postponed by the local Athi River Mining (ARM).
Works on the project will begin after the company streamlines its business in Tanzania; increases its EBITDA margins by 2016/17 to 29%, and pays off some debts in US dollars.
The plant was to be built with US$150 million (€136.25 million) under a two-phase capital spending plan during 2017-2020 with stage two to involve $100 million.
Work starts on new SCG’s new Indonesian cement plant
Aree Chavaltcheewingul from Siam Cement Group (SCG) said that the Thai cement producer is to invest to build a cement plant in Sukabumi, West Java.
Work on the US$365 million (€331.55 million) plant, with capacity of 1.8 million tonnes/year, has started.
The Thai cement producer is planning to increase its research and development budget to IDR 2.62 trillion (€172.49 million/US$189.89 million) and IDR 3.245 trillion respectively in 2016 and 2017.
During the third-quarter of 2015, its operations in
Roads of Karelia Expo to take place in Petrozavodsk
On 3-4 December, 2015, Petrozavodsk, Russia, will host the international exhibition Karelian Stone: Roads of Karelia 2015.
Its organisers are the Ministry of Natural Resources of Karelia (North-West) and exhibition agency Euroforum.
The exhibition will feature materials, equipment, mining and road construction machinery and services for the mining and road sector enterprises.
DB Schenker Rail wins UK aggregate transport contracts
Aggregate transport contracts have been awarded to DB Schenker Rail by J Clubb, Brett Aggregates and United Asphalt.
Ash will be transported from West Burton Power Station to East Peckham in County Kent, south-east England, as part of the contract with J Clubb.