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Wagners’ profit down following row with Boral

20 August 2019

Australia: Wagners’ net profit fell by 49% year-on-year to US$8.66m in its financial year to 30 June 2019 from US$16.8m in the same period in 2018. It blamed lower cement sales volumes on a dispute with Boral and a delay in large infrastructure projects. It suspended its supply of cement to Boral in March 2019 when the latter company said it had found cheaper cement from a ‘long established’ supplier in South East Queensland. Wagners sales revenue grew by 2.3% to US$161m from US$157m.

Published in Global Cement News
Tagged under
  • Australia
  • Wagners
  • Results
  • Boral
  • GCW419

South Korean cement producers reduce coal ash imports from Japan

20 August 2019

South Korea: The Korea Cement Association (KCA) says its members will increase the use of coal ash from local thermal power plants or source alternative raw materials from domestic clay mines. The decision follows a trade dispute between South Korea and Japan, according to the Aju Business Daily newspaper.

The Environment Ministry started to tighten rules concerning the import of coal ashes from Japan in August 2019 citing fears of radioactive and heavy metal contamination. Importers are now required to submit an authorised radioactive inspection report and the analysis of heavy metal components. The KCA said its members use 3.15Mt/yr of coal ash and 1.28Mt/yr is imported from Japan.

Published in Global Cement News
Tagged under
  • South Korea
  • Coal ash
  • Korea Cement Association
  • Import
  • Japan
  • Government
  • clay
  • GCW419

Power Cement shuts down old production lines

20 August 2019

Pakistan: Power Cement has shutdown the older production lines at its integrated Nooriabad plant due to falling demand and prices. Chairman Nasim Beg said that the old lines were shut because they were ‘inefficient’ and not competitive under present conditions, according to Bloomberg. The plant had a production capacity of around 3150t/day from its older lines. In July 2019 it completed the installation of a new 2.46Mt/yr clinker line supplied by Denmark’s FLSmidth.

Published in Global Cement News
Tagged under
  • Pakistan
  • Power Cement
  • Plant
  • Shutdown
  • FLSmidth
  • GCW419

Gebr. Pfeiffer opens new subsidiary in Russia

20 August 2019

Russia: Germany’s Gebr. Pfeiffer has opened a new subsidiary called ‘Gebr. Pfeiffer GUS’ based in Moscow. The company is led by General Director Alex Nickel and it offers new machinery as well as after sales for customers based in the Commonwealth of Independent States (CIS) region. Nickel is joined by Sales Director Svetlana Tarasova and Service Manager Alexander Zolotarev. The parent company holds long links with the region with machine and equipment sales to countries including Russia, Ukraine, Kazakhstan, Belarus and Uzbekistan.

Published in Global Cement News
Tagged under
  • Russia
  • Gebr Pfeiffer
  • subsidiary
  • Commonwealth of Independent States
  • Germany
  • GCW419

Allied Minerals completes upgrade at Pell City refractories plant

20 August 2019

US: Allied Minerals has completed a US$11m upgrade to its Pell City plant in Alabama. The refractories manufacturer has been working on the project since mid-2018. The company originally operated two sites in Alabama at Anniston and Pell City. After it purchased Riverside Refractories in 2017 it decided to focus on the Pell City unit.

Published in Global Cement News
Tagged under
  • US
  • Allied Mineral Products
  • Refractory
  • Plant
  • Alabama
  • Riverside Refractories
  • GCW419
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