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Najran Cement increases sales and profit in first nine months of 2021

02 November 2021

Saudi Arabia: Najran Cement’s sales in the nine-month period which ended on 30 September 2021 were US$117m, up by 1.2% year-on-year from US$116m in the corresponding period of 2020. The company increased its nine-month net profit by 7.5% to US$34.5m from US$32.1m. It said that its cost of sales per tonne and finance expenses both declined.

Published in Global Cement News
Tagged under
  • Najran Cement
  • Results
  • costs
  • GCW530

Nigerian cement sales rise by 30% year-on-year in first nine months of 2021

02 November 2021

Nigeria: Domestic cement sales totalled US$3.46bn in value in the first nine months of 2021, up by 30% year-on-year from US$2.66bn in the corresponding period of 2020. The Punch newspaper has reported that market research company Atlas Portfolios Limited attributed the growth to an increase in federal and state governments’ infrastructure spending. The company added that increased homebuilding following the end of the Covid-19 lockdown generated further demand growth.

Published in Global Cement News
Tagged under
  • Nigeria
  • Infrastructure
  • coronavirus
  • market
  • homebuilding
  • lockdown
  • demand
  • Sales
  • GCW530

Iran’s first-half cement production falls by 9.2% in 2022 financial year

02 November 2021

Iran: Cement companies produced 32.4Mt of cement in the first half of the 2022 financial year, down by 9.2% year-on-year from 35.8Mt in the first half of the 2021 financial year. 62 companies supply cement in the Iranian market. In the 2021 financial year, Iran produced 68.3Mt, exported 11Mt and consumed 65Mt, including imports.

Published in Global Cement News
Tagged under
  • Iran
  • Production
  • Export
  • demand
  • GCW530

Two cement plant projects to bring Fauji Cement’s capacity to 10.5Mt/yr

01 November 2021

Pakistan: Fauji Cement says that two planned cement plant projects will increase its total cement production capacity by 64% to 10.5Mt/yr by mid-2023, from 6.4Mt/yr at present. The producer plans to establish a 2.05Mt/yr cement plant at Dera Ghazi Khan. After its commissioning before mid-2023, the plant’s capacity will more than double to 5.65Mt/yr. Subsidiary Askari Cement is expanding its 2.8Mt/yr Nizampur cement plant’s capacity by 73% to 4.85Mt/yr. The group estimates that the total 4.1Mt/yr-worth of new capacity will increase its national cement market share to 13% from 6.7%. It says that this will make it the second largest cement company active in Northern Pakistan, after Bestway Cement.

Fauji Cement said that it is well positioned for growth. It generated 70% of the power consumed in its operations in 2020 itself.

Published in Global Cement News
Tagged under
  • Pakistan
  • Fauji Cement
  • Askari Cement
  • Bestway Cement
  • Plant
  • Upgrade
  • Capacity
  • Expansion
  • Electricity
  • Power Plant
  • GCW530

Lanwa Sanstha Cement to commission 3Mt/yr Hambantota grinding plant in January 2022

01 November 2021

Sri Lanka: Lanwa Sanstha Cement says that it will commission its Hambantota grinding plant in the Mirijjawila export processing zone of Hambantota International Port in January 2022. The company says that the plant will have a capacity of 3Mt/yr and cost US$80m. The Daily News newspaper has reported that the owner aims to help to counteract the domestic cement shortage.

Chair Nandana Lokuwithana said "One of the highlights of this first-of-its-kind facility in Sri Lanka will be the emphasis on new technology, with all mixing carried out using the latest European technology, while much of the other equipment used throughout the production process has been customised by world-renowned pioneers in innovation with environmental friendliness in mind." He added "Packaging is done using state-of-the-art technology for improved efficiency and minimal wastage."

Once commissioned, the Hambantona plant will produce ordinary Portland cement (OPC), Portland slag cement (PSC), Portland limestone cement (PLC) and blended hydraulic cement (BHC), according to Lanwa Sanstha Cement.

Published in Global Cement News
Tagged under
  • Sri Lanka
  • grinding plant
  • Investment
  • Shortage
  • Lanwa Sanstha Cement
  • Port
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  • Bagging
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