Global Cement News

Saudi Arabia: Southern Province Cement’s sales fell by 9.6% year-on-year to US$73m in the first quarter of 2018 from US$80.8m in the same period in 2017. Its net profit fell by 2.9% to US$27.2m from US$28m. It blamed the falling sales and profit on decreased demand.

Spain: The Port of Alicante is undergoing a Euro3m upgrade to build a new dock that can support larger vessels. Once completed the upgrade will allow ships with a length of up to 240m to dock, according to the Diario Informacion newspaper. Previously the port could only support ships of up to 165m. The site processes large volumes of cement and clinker and dust mitigation measures are also being installed.

Philippines: Austria’s Starlinger has installed its 300th conversion line for Ad*Star bags at Sakomoto International Packaging’s plant in Caloocan City near Manila. The ad*starKON line was delivered as part of two sack conversion lines for the client. Sakomoto International Packaging supplies the local cement industry with Ad*Star sacks made of polypropylene fabric.

Afghanistan: The Ministry of Mines & Petroleum plans to re-issue a tender for the Jabal Saraj cement plant. The winning company will have to invest US$170m into the project to build 1Mt/yr plant, according to Tolo News. Previously, a local company won the tendering process to renovate the unit but the High Economic Council has decided to find a company with more industry experience.

South Korea: Tongyang Networks plans to sell its stake in Sampyo Cement for US$12.7m, according to Reuters. The sale covers 3,000,000 shares. Tongyang Cement & Energy changed its name to Sampyo Cement in 2017 following its purchase by Sampyo Corporation in 2015.