Colombia: Cement production fell by 3.3% year-on-year to 2.9Mt in the first quarter of 2018 from 3Mt in the same period in 2017. Local despatches fell by 5.45 to 2.84Mt from 3Mt, according to data from the National Administrative Department of Statistics (DANE).
Cement Hranice cement sales rise on exports in 2017
Czech Republic: Cement Hranice’s cement sales rose by nearly 9% year-on-year in 2017 due to despatches to fellow subsidiaries of Buzzi Unicem in the Czech Republic and Slovakia. Its overall sales rose by 6.3% to Euro61.5m from Euro57.9m, according to the Czech News Agency. Board member Roman Michalcik said that the local construction sector had grown in 2017 due to good weather towards the end of the period and large local infrastructure projects.
ArcelorMittal to increase stake in Ecocem France
France: ArcelorMittal plans to increase its stake in Ecocem France to 49% from 30% by the end of May 2018. The transaction is subject to the approval of the Irish Competition Authority. The French subsidiary of Ireland’s Ecocem was set up in 2007 by ArcelorMittal and Ecocem Materials.
Ecocem produces slag cement from ground granulated blast furnace slag. Ecocem France operates a 0.7Mt/yr grinding plant at Fos-sur-Mer near to an ArcelorMittal plant. It plans to open a second 0.7Mt/yr grinding plant at Dunkirk in May 2018. The new plant is intended to target western and northern France as well as export markets in the UK and Belgium.
Lucky Cement’s earnings under pressure from fuel prices
Pakistan: Lucky Cement’s earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 21.6% year-on-year to US$114m in the nine month of its financial year to the end of March 2018 from US$145m in the same period in 2016. It noted that its cost of sales rose by 16.9% due to rising coal and other fuel prices. Its gross revenue rose by 7.1% to US$439m from US$410m. Cement production rose by 11.1% to 5.79Mt from 5.2Mt.
The cement producer added that it is expanding production at its Pezu plant by 2.6Mt/yr due to delays with its expansion plans elsewhere in the north of the country. Approvals from the government have been secured. The US$152m upgrade project is scheduled to be completed by the fourth quarter of 2019. It is also building a US$109m integrated cement plant at Samawah in Iraq. The joint-venture project with a local partner will have a cement production capacity of 1.2Mt/yr when operational. Commercial production is currently scheduled for end of 2019.
