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Vicat releases nine-month sales report

06 November 2019

France: Vicat has sold Euro2.06bn-worth of cement in the nine months to 30 September 2019, up by 5.7% year-on-year from Euro1.95bn in the corresponding period of 2018. Its cement section’s sales lagged behind concrete and aggregates, with a rise of 4.5% to Euro991m from Euro948m in the nine months to 30 September 2018. “The Group’s strategy of raising prices is paying off in almost all operating regions, while energy costs fell,” said Vicat Group Chairman and CEO Guy Sidos. He expects exchange rate gains to pay dividends in the final quarter, notably in Turkey.

Published in Global Cement News
Tagged under
  • France
  • VICAT
  • Results
  • GCW430

Fire breaks out at Cemex Rugby plant

06 November 2019

UK: A fire broke out at Cemex’s 1.8Mt/yr integrated Rugby plant at 02:00 on 6 November 2019. BBC News has reported that operations were unaffected and none of the plant’s 180 employees injured by the fire, which was caused by a mechanical malfunction in a machine belt conveying raw materials. The fire spread over three floors of the plant’s preheater tower.

Published in Global Cement News
Tagged under
  • UK
  • Cemex
  • Plant
  • Fire
  • GCW430

Siam Cement Group plans multi-industry innovation hub with Chinese Academy of Sciences

06 November 2019

Thailand: Siam Cement Group (SCG) has announced its involvement in the establishment of an innovation hub at the National Science and Development Agency in Pathum Thai. The Bangkok Post has reported that the development will cost US$14.3m. SCG’s partner for the project is the Chinese Academy of Sciences, a 100-site, 70,000-member body established under the Chinese Government’s Belt and Road foreign investment Initiative. When operational, it will market new products, initially consisting of petrochemicals, energy storage and batteries and smart cities.

High-value-added products and services made up 39% of SCG’s total sales in 2018 of US$15.7bn (US$6.11). It spent US$0.15bn on research and innovation over the period, around 1.0% of total revenue.

Published in Global Cement News
Tagged under
  • Thailand
  • Siam Cement
  • China
  • GCW430

Abia Cement company signs memorandum of understanding with investors for 2.0Mt/yr integrated plant

05 November 2019

Nigeria: Abia Cement, Russian-based Drobmash and Energomotor and Czech-based PSP Engineering signed a memorandum of understanding for construction of a 2.0Mt/yr integrated cement plant in Abia province at the first Russia-Africa Summit on 2 November 2019. The latter companies will supply equipment to the development, while Abia cement will receive an export loan from Russia’s Roseximbank.

Published in Global Cement News
Tagged under
  • Nigeria
  • Abia Cement
  • Russia
  • Drobmash
  • Energomotor
  • Czech Republic
  • PSP Engineering
  • Plant
  • Investment
  • GCW430

Tamil Nadu Cement upgrades Ariyalur cement plant’s integrated capacity to 1.7Mt/yr

05 November 2019

India: Tamil Nadu Cement has constructed a second 1.0Mt/yr production line at its 0.7Mt/yr Ariyalur cement plant, bringing its total capacity to 1.7Mt/yr. Projects Today has reported that Tamil Nadu Cement, which also operates a 0.4Mt/yr integrated cement plant in Alangulam, will employ 250 at the second line, the development of which will cost US$115m. In the 12 months to 31 March 2019, Tamil Nadu Cement sold 74% of cement produced at its plants (0.4Mt) to the Rural Development Agency and other government departments at lower than market rate.

Published in Global Cement News
Tagged under
  • India
  • Tamil Nadu Cement
  • Plant
  • Upgrade
  • Government
  • Sales
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