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FLSmidth adjusts guidance for 2019
FLSmidth has revised its financial guidance for the full-year 2019.Revenue is now expected to be in the range of DKK 20 - 21 billion (previously expected to be in the higher end of the DKK 19 - 21 billion range).The EBITA margin is now expected to be around 8% (previously expected to be in the lower end of the 9 - 10% range).Return on capital employed is now expected to be 10 - 12% (previously 12 - 14%).In connection with the 2019 half-year results, FLSmidth specified that it expected the full-year EBITA margin to be in the lower end of the range of 9 - 10% due to "a different development in business mix".Despite good momentum in service order intake and a solid performance in Cement, we now expect an EBITA margin of around 8% for the year. The changes are based primarily on lower than expected margin in parts of our Mining capital business, but we also continue to see a more unfavourable business mix for the year. The changed EBITA margin guidance further takes into consideration expected costs related to business improvement initiatives to be announced later in the year.FLSmidth Group CEO, Thomas Schulz, comments: "We see good momentum in the service business, but parts of our Mining capital business are not delivering the planned margin. We have reviewed the project portfolio to ensure a better link between planned and executed margin going forward. A contributing factor has been the weakening business environment which has delayed customer decisions and added costs as it has been difficult to ensure satisfactory progress on some projects. At the same time, we experience that it is becoming increasingly difficult for miners to obtain licenses for new projects.Later in the year, we will inform about mitigating initiatives to improve business performance, which will include an acceleration of ongoing efforts to improve business performance."We will publish our Q3 interim report on 29 October 2019./World Cement
UAECEMENT.COM - OCT ,16,2019

Argentine cement consumption falls by 6% to 8.5Mt so far in 2019
Argentina: Data from the Association of Portland Cement Manufacturers (AFCP) shows that cement consumption fell by 6% year-on-year to 8.5Mt in the first nine months of 2019 from 9Mt in the same period in 2018. Local despatches dropped by 5% to 8.5Mt to 8.9Mt, although exports rose slightly.
UAECEMENT.COM - OCT ,12,2019

Raysut Cement to start building 2Mt/yr plant in Georgia
Georgia: Oman s Raysut Cement is set to start building a new 2Mt/yr integrated cement plant near Tbilisi with an investment of US$200m. Raysut Cement s subsidiary Pioneer Cement is managing the project. It owns a concession to a limestone mine in the country that will be used to support the proposed plant. Construction work at the site is scheduled to start in mid-November 2019. /Global Cement
UAECEMENT.COM - OCT ,09,2019

Dangote Cement targets African cement production capacity of 62Mt/yr
Nigeria: Aliko Dangote, the chairman of Dangote Cement, plans to increase his company s cement production capacity in Africa by 29% to 62Mt/yr. It aims to add 6Mt/yr in Nigeria in 2020 to support exports to grinding plants in Cameroon and West Africa, according to Bloomberg. The cement producer previously said it had a production capacity of 45.6Mt/yr in 2018 from operations in 10 countries. /GlobalCement
UAECEMENT.COM - OCT ,03,2019

Global white cement market to value over US$9.8 billion by 2026
According to FutureWise Market Research, the global white cement market size expansion is steered by rapid growth, especially in the Asia Pacific civil industry. This is similar to portland cement barring its white colour. The raw materials used for preparing white cement contains iron oxide and manganese oxide in low amounts, which gets the product its white colour. While manufacturing white cement, it is necessary to provide special attention to kiln fuels like coal to prevent contamination that would lead to the loss of its whiteness. The product is mostly used for aesthetic civil projects and decorative works. Furthermore, they are used in pigment conjunction to create bright coloured concrete and mortar. Properties such as high strength, superior performance and colour consistency will be some of the important factors responsible for the global white cement market growth over the forecast period. However, the white cement market growth may be impeded by soaring white cement costs when compared to its regular counterparts. This can be credited to the high costs of energy required during the manufacturing of the product. Utilisation of substitutes like plastic materials for construction activities may further restrain the global white cement market growth over the forecast period. Asia Pacific region showcases growth potential The global white cement market will be proliferated by the progressive steps undertaken in the construction industry, particularly in emerging nations. Nations like India, Indonesia, China, Thailand, Brazil, etc. are witnessing rapid growths in the civil sector in their respective countries. Increase in income levels and employment, population rise, rapid urbanisation, and economic development have stimulated the demand for housing in these developing nations. This has resulted in the augmentation of their corresponding construction industry sectors over the last 10 years, thus aiding the global white cement market growth. The commercial segment is projected to proliferate with the fastest white cement market growth rate over the forecast period. White cement that is used for constriction commercial infrastructure assists builders in saving energy and offers heat resistance, thus helping the market growth due to a rising demand from European nations, and it is predicted to increase in the next 10 years due to the initiation of many commercial infrastructure projects like construction of the Tesla Gigafactory in Sweden, which is worth US$4.2 billion. Among the types of white cement, the white portland cement led the market in 2017, due to an increase in white portland cement usage coupled with white aggregates in order to produce white concrete for decorative work and construction projects. Additionally, white portland cement blends with unnatural pigments to produce mortars and concretes that are brightly coloured. /World Cement
UAECEMENT.COM - Sep ,28,2019

Siemens presents digitalisation study to the Egyptian Ministry of Industry
Egypt: Siemens has submitted an integrated survey of the digitalisation potential of various industries in four zones to the Ministry of Industry (MoI) with a view to improving the competitiveness of the country s products. Daily News Egypt has reported that the Germany-based technology company has already signed contracts for the supply of digital efficiency solutions with El Ameria Cement and Lafarge Egypt. It is also negotiating with Misr Beni Suef for the installation of thermal emission measuring units at its 3.5Mt/yr integrated cement plant in Beni Suef, Maadi. /Global Cement
UAECEMENT.COM - Sep ,28,2019

New grinding plant in Mali
Mali: Ciments et Matériaux du Mali has revealed plans for a 0.5Mt/yr grinding plant in the Kati commune. Agence Ecolfin has reported that the plant, to be supplied by the nearby Sonityeni quarry, will employ 150 Malians and contribute to Mali s cement self-sufficiency.’ Construction of the US$33.6m facility is set to begin in October 2019. /Global Cement
UAECEMENT.COM - Sep ,08,2019

Raysut Cement announces US$30m grinding plant plans
Oman: Raysut Cement is planning the construction of a 1Mt/yr grinding plant in the port town of Duqm. The project has a cost of US$30m, with work set to begin on 19 September 2019. Oman Cement has been building a 1.8Mt/yr integrated cement production plant at Duqm since December 2018. The new grinding plant is Raysut Cement’s first development project since it received US$50.7m in funding from the Omani Bank Nizwa. /GlobalCement
UAECEMENT.COM - Sep ,05,2019

Uzbekistan imports 32% more cement year-on-year in the first half 2019
Uzbekistan: Uzbekistan s cement imports totalled US$105.6m over the six months to 30 June 2019, up by 32.3% from 2018. Chinese investment in Uzbek domestic cement production saw two cement plants of 1.2Mt/yr and 2.4Mt/yr capacity enter development in 2018. Huaxin Cement s Zafarabad plant is expected to become operational in December 2019, with Gansu Hengya Cement s Kattakurgan plant also due to enter operation in the coming months. /globalcement
UAECEMENT.COM - Sep ,02,2019

Suez Cement adds to list of loss-making Egyptian producers
Egypt: Suez Cement made a loss during the first half of 2019. Its net loss reached US$17.7m over the six month period, from a profit of US$14.4m in the first six months of 2018. The company generated US$199m in revenue during the first six months of 2019, compared to US$238m a year earlier. /Global Cement
UAECEMENT.COM - Aug ,18,2019

Domestic operations drag on Dangote Cement’s sales in first half of 2019
Nigeria: Dangote Cement s sale revenue fell by 3% year-on-year to US$1.30bn in the first half of 2019 from US$1.34bn in the same period in 2018. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) dropped by 11.4% to US$605m from US$683m. Cement sales volumes decreased slightly to 12.3Mt. Revenue, earnings and sales volumes all fell in Nigeria but only earnings fell for its operations outside of the country. “Group sales volumes were only slightly down on last year and this was a solid performance against the impact of delayed elections and increased competition from new capacity in Nigeria, as well as operational and economic challenges in key territories such as Ethiopia and South Africa. However, we saw a stronger performance from Tanzania, which is now running on gas turbines, and also from Senegal, where our sales volumes are more than 100% of our rated capacity,” said Joe Makoju, the group chief executive officer of Dangote Cement. /GlobalCement
UAECEMENT.COM - Aug ,01,2019

Australia construction industry to regain growth momentum
According to GlobalData, Australia s construction industry, which is currently facing a troubled period, is set to regain growth momentum from 2020. This is on the back of major infrastructure development programmes and projects. GlobalData s report Construction in Australia – Key Trends and Opportunities by State and Territory to 2023, reveals that Australia s construction industry s output value, measured at constant 2017 US dollar exchange rates, declined from US$171.6 billion in 2017, to US$165.3 billion in 2018, reflecting a sharp drop in activity in the oil and gas sector as major projects were completed. According to the report, the industry is expected to remain weak in 2019, contracting by 2.4% in real terms, an outturn that partly reflects a lull in activity in the construction of major energy projects, but also a downturn in the residential sector. Highlighting the gloomy outlook for the residential sector, the total number of dwelling units approved in the country decreased by 22% y/y in the first four months of 2019, according to the Australian Bureau of Statistics, following declines of 5.8% in 2018 and 4% in 2017. However, the industry s output value in real terms is expected to rise at a compound annual growth rate of 2.14% over the forecast period (2019 – 2023), compared to -1.59% during the review period (2014 – 2018). “Residential construction accounted for 36% of the Australian construction industry s total value in 2018,” said Danny Richards, Construction Analyst at GlobalData. “The residential sector has been expanding rapidly in recent years, but the consequent oversupply of residential buildings, as well as tighter lending conditions, will hamper the sector in the coming years, and by 2023 it will account for less than 32% of the industry s total value. “Australia s construction industry will regain growth momentum from 2020. The improvement will be driven by investments in transport infrastructure, with the government planning to invest US$58.9 billion to develop the country s transport infrastructure by 2027 – 2028. Commercial and industrial projects and an improvement in consumer and investor confidence will also provide support, offsetting the downturn in residential construction.” /WorldCement
UAECEMENT.COM - Jul ,29 ,2019

Amubja Cement cuts costs to grow earnings in first half of 2019
India: Ambuja Cement s net sales increased by 5% year-on-year to US$834m in the first half of 2019 from US$824m in the same period in 2018. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 3% to US$168m from US$164m. However, its sales volumes of cement dropped by 3% to 12.2Mt from 12.6Mt. Bimlendra Jha, the managing Director and chief executive officer (CEO) of the subsidiary of LafargeHolcim, said that the company managed to optimise its logistics, raw material and fixed costs.
UAECEMENT.COM - Jul ,27 ,2019

ACC counteracts modest cement sales with earnings boost in first half of 2019
India: ACC s net sales grew by 8% year-on-year to US$1.15bn in the first half of 2019 from US$1.06bn in the same period in 2018. Its operating earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 18% to US$191m from US$162m. Its cement sales volumes rose by 2% to 14.7Mt from 14.4Mt and its ready-mixed concrete (RMX) sales volumes jumped by 15% to 1.79Mm3 from 1.56Mm3. “I am pleased that EBITDA improved significantly on account of better realisations, operational efficiencies and supply chain efficiency improvement. Despite subdued cement demand, our strong customer relationships, loyal channel network and range of innovative products have helped us deliver a robust quarter,” said Neeraj Akhoury, the managing director and chief executive officer (CEO) of ACC. He added that the company s concrete business grew strongly due to eight new RMX plants it added in the second quarter. Altogether the company operates 82 operational. /Global Cement
UAECEMENT.COM - Jul ,22 ,2019

UltraTech Cement to complete merger with Century Cement by September 2019
India: UltraTech Cement plans to complete its merger with Century Cement by September 2019. Chairman Kumar Mangalam Birla said the company has approval from shareholders, the Competition Commission and stock exchanges, according to the Mint newspaper. However, it still needs permission from the National Company Law Tribunal (NCLT). The merger, which was first announced in May 2018, is a long running reorganisation of assets belonging to the Birla family. Once complete it is expected to give UltraTech Cement dominance in all regional markets with the addition of 13.4Mt/yr of production capacity in Madhya Pradesh, Chhattisgarh and Maharashtra.
UAECEMENT.COM - Jul ,20 ,2019


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