27 September 2017
Votorantim Cimentos to sell stake in Suwannee American Cement 27 September 2017
US: Votorantim Cimentos is selling its 50% stake in Suwannee American Cement based in Florida. The sale is intended to focus Votorantim’s portfolio and reduce its debts according to the Valor Econômico newspaper. The effects of Hurricane Irma are expected to increase the selling time. Votorantim operates the 1Mt/yr Suwannee cement plant in Branford with Anderson Columbia. The cement producer supplies markets in Florida and Georgia.
Vietnam cement sales rise by 6% to 59Mt in first nine months of 2017 27 September 2017
Vietnam: The Vietnam Building Material Association estimates cement sales rose by 5% year-on-year to 59Mt in the first nine months of 2017. This represented 74% of its annual target, according to the Việt Nam News newspaper. 45Mt of cement was sold domestically, an increase of 4%, and 14Mt was exported. Cement production capacity is 86Mt/yr but demand is estimated at 60Mt/yr. The country is predicted to face a surplus of 26Mt in 2017, according to the Vietnam Cement Association.
McInnis Cement inaugurates Port-Daniel–Gascons plant 27 September 2017
Canada: McInnis Cement has inaugurated its Port-Daniel–Gascons plant in Quebec. Provincial Prime Minister Philippe Couillard attended the ceremony. First cement at the 2.2Mt/yr plant was produced in June 2017 and the unit has started commercial production since then. Construction at the site started in mid-2014. However, cost overruns saw the government-backed project delayed and then taken over by an investor.
Power cuts hits production at Udayapur Cement plant 27 September 2017
Nepal: Regular power cuts have reduced production at the Udayapur Cement plant since mid-September 2017 leading to a loss of US$190,000. The cement producer says that it was doing ‘good business’ so far in the current financial year, according to the Rastriya Samachar Samiti news agency. The company was established in 1987 and it operates a cement plant at Jaljale in Udayapur. It produces cement under the brand name 'Gaida Cement.'
KEC International announces orders for cement plants 27 September 2017
India: KEC International has secured various orders with a value of up to US$10.7m for structural and civil work on cement plants. The package also includes work on a car factory. The orders have been announced as part of a wider group of orders worth US$156m that are mainly in the power transmission, cable and railway industries.