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Cementos Molins profit falls by 77% to Euro10.1m in 2013 05 March 2014
Spain: Cementos Molins has reported 77% fall year-on-year in its profit in 2013 to Euro10.1m. The company blamed the decline in profit to a lack of one-off items on its balance sheet. Revenue fell by 9.4% to Euro832m and earnings before interest, tax, depreciation and amortisation (EBITDA) fell by 18.3% to Euro158m.
Kazakhstan: Karcement JSC, a subsidiary of Steppe Cement, has successfully completed the commissioning of its new dry-process Line 5. The new kiln line will increase Steppe Cement's total cement production capacity by 1.5Mt/yr.
Ministry of Industry and Information Technology sets timetable to eliminate out-dated cement production capacity 05 March 2014
China: The Ministry of Industry and Information Technology (MIIT) has set a timetable for eliminating out-dated cement plants. The MIIT has requested that local governments in China work out structural adjustment plans for the cement industry before the end of March 2014 and propose detailed treatment measures towards on-going and finished contravening cement projects before the end of June 2014, according to the Xinhua Chinese news agency.
Hebei province has been asked to cut its cement production capacity by 60Mt/yr by 2017. Jiangsu province is to cut its production capacity by 10Mt/yr and Jiangxi province must cut its capacity by 5Mt/yr. The MIIT expects that cement production utilisation will be improved to over 75% by the end 2017 after the cement industry follows its measures. Emissions of dust and nitrogen oxide will be cut by more than 40% and the cement industry's average profit margin should be no less than the manufacturing industry's average.
Lafarge to build cement depot in east Zambia 05 March 2014
Zambia: Lafarge Zambia is building a cement depot in Chipata District, Eastern Province with an investment of US$0.7m. The depot will have a storage capacity of 3000t. Emmanuel Rigaux, managing director of Lafarge Zambia, said that Lafarge had decided to build the depot due to high demand for cement. However, he added that this new storage capacity would not be enough for the whole province and that the company would increase its number of warehouses depending on demand.
Moroccan King launches Ivory Coast cement packing plant 05 March 2014
Ivory Coast: King Mohammed VI of Morocco, with Ivorian Prime Minister Daniel Kablan Duncan, has launched a Euro12m cement packing plant in Abidjan. The plant has a bag production capacity of 80Mt/yr that can be extended to 160Mt/yr. The Africa-Cote d'Ivoire Cement company plant (CIMAF-Cote d'Ivoire), a subsidiary of Addoha Moroccan group, will supply bags for the group's cement projects in Cote d'Ivoire, Guinea Conakry, Cameroon, Burkina Faso, Gabon, Congo-Brazzaville, Niger and Mali.
As part of the delegation the Moroccan King and Duncan also visited a 0.5Mt/yr Addoha clinker plant in Abidjan. This unit has been operational since July 2013 and it imports clinker from the Addoha-subsidiary Ciment Atlas (CIMAT), which has two cement plants in Morocco.