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Vietnamese cement sales to rise in 2024
Vietnam: Financial management company SSI Securities Corporation says that it expects Vietnam’s cement consumption to ‘bottom out’ in the first quarter of 2024, before recovering ‘gradually’ throughout the rest of the year. Việt Nam News has reported that the anticipated recovery is the outcome of intensified investments in infrastructure by the Vietnamese government, beginning in late 2023. The cement sector also anticipates growing demand from export markets, including Australia, the US, Africa and South and Central America, as it lowers its reliance on exporting to China. Challenges persist in the form of protective measures or stricter standards in other markets, including the Philippines and Europe. /Global Cement
UAECEMENT.COM - Feb, 3,2024

Azerbaijan grows its cement production by 4.6% in 2023
Azerbaijan: Cement production in Azerbaijan increased by 4.6% year-on-year to 3.73Mt in 2023, data from the State Statistics Committee has shown. Clinker production rose even more sharply, by 37%, to 3.87Mt. BNI IntelliNews has reported growth of 32% year-on-year in the overall value of building materials in 2023, to US$694m. /Global Cement
UAECEMENT.COM - Jan, 27,2024

Yamama Cement to expand Riyadh cement plant
Saudi Arabia: Yamama Cement has hired China National Building Material subsidiary Sinoma Overseas Development to build a new 12,500t/day production line at its Riyadh cement plant. The China-based supplier will handle engineering, procurement and construction. The supplier is already engaged in relocating a 10,000t/day line from Yamama Cement s previous plant to the Riyadh plant. Once both lines are operational, the new plant will command a clinker capacity of 8.2Mt/yr. Sinoma Overseas Development general manager Yang Lei re-emphasised the company s commitment to leveraging its technical strengths in both of its on-going projects with Yamama Cement. /Global Cement
UAECEMENT.COM - Jan, 22,2024

Arabian Cement Company quantifies costs impacts of fuel price rise
Saudi Arabia: Arabian Cement Company has estimated that its production costs will rise by 14% after Saudi Aramco raised its fuel prices. In an addendum to a previous announcement published on the Saudi Exchange on 4 January 2024, the producer said that it will explore cost reduction strategies throughout the coming financial period. /Global Cement
UAECEMENT.COM - Jan, 17,2024

Oman Cement Company raises sales and profit in 2023
Oman: Oman Cement Company recorded sales of US$189m in 2023, up by 4% year-on-year from US$181m in 2022, Reuters has reported. The company’s net profit also grew during the year, by 16% to US$15.1m from US$13m. /Global Cement
UAECEMENT.COM - Jan, 17,2024

New Gas pipeline built at Najaf cement plant in Iraq
Iraq: A 1200m dry gas pipeline feeding the Najaf cement plant has been commissioned. The project was the first external assignment carried out by the Oil Pipelines Company, according to the National Iraqi News Agency. The plant is operated by the Southern Cement Company. /Global Cement
UAECEMENT.COM - Jan, 02,2024

Holcim Azerbaijan to build cement terminal in Jabrayil in 2024
Azerbaijan: Holcim Azerbaijan plans to build a 2000t-capacity cement terminal in the Araz Valley Economic Zone in Jabrayil. AzerNews has reported that Holcim Azerbaijan will build the terminal in phases, commencing in 2024. The producer’s offering in the local market includes its ECOPlanet Inshaatchi and ECOPlanet Optimal reduced-CO2 cements. In a later phase, it will install a dry adhesive and ready-mix concrete batching plant at the facility. Planned investments at the site total US$2m. Commercial director Sergiu Stoicov said "We aim to bring new methods to help the construction industry build sustainably. Through Inshaatchi and Optimal, we are taking a step in the race for CO2 reduction and the use of alternative raw materials. Holcim Azerbaijan is the first company in the Caucasus to offer green cement.” Azerbaijan produced 3.42Mt of cement throughout the first 11 months of 2023. This represents a 4.1% year-on-year rise from 11-month 2022 levels. Meanwhile, clinker production rose by 10% year-on-year to 3.51Mt. /Global Cement
UAECEMENT.COM - Dec, 20,2023

Adbri updates market on Kwinana grinding plant expansion
Australia: Adbri says that the cost and timing of its on-going expansion of its Kwinana grinding plant in Western Australia remain on track. To date, the producer has invested US$161m in the expansion, towards a projected cost of US$385-420m. In an accompanying trading update, Adbri said that it expects its full-year earnings before interest, taxation, depreciation and amortisation (EBITDA) to be US$208 -212m in 2023, ‘moderately’ above its previous outlook. In 2022, its earnings before interest and taxation (EBIT) amounted to US$106m. The company has forecast total capital expenditure investments for 2023 of US$208-215m. It previously expected to invest US$221-235m during 2023. /Global Cement
UAECEMENT.COM - Dec, 16,2023

Bamburi Cement and Cementia Holding to sell Hima Cement for US$15m
Uganda: Holcim subsidiaries Bamburi Cement and Cementia Holding have negotiated a price of US$120m for Hima Cement with buyer Sarrai Group. Business Daily News has reported that the price is 14% higher than the company’s previous valuation. The parties said that the agreed price takes into consideration ‘multiple factors,’ including Hima Cement’s performance in 2022 and forecast performance for 2023./Global Cement
UAECEMENT.COM - Dec, 11,2023

Tanzania Railways Corporation plans US$5.6bn railway line
Tanzania: Tanzania Railways Corporation has announced plans to build a 1000km railway across the south of the country, between Lake Nyasa and the Indian Ocean. Business News Africa has reported that the railway will serve Dangote Cement’s local operations, as well as businesses in other industries. The project will cost US$5.6bn, of which Tanzania Railways Corporation has already secured US$2.2bn in potential private investments. /Global Cement
UAECEMENT.COM - Dec, 6,2023

Fauji Cement commissions Shadan Lund cement plant
Pakistan: Fauji Cement inaugurated its Shadan Lund cement plant in Dera Ghazi Khan on 30 November 2023. The Pakistan Observer newspaper has reported that the plant has a capacity of 2.37Mt/yr and brings Fauji Cement s capacity to 10.6Mt/yr. /Global Cement
UAECEMENT.COM - Dec, 2,2023

Amouda Cement preparing to launch oil well cement production line
Algeria: Amouda Cement is preparing to launch an oil well cement production line at its plant at El Beïda in Laghouat province. L Expression newspaper reports that the product will be targeted at oil and gas companies in the southern region of the country, particularly those near to the RN 1 highway. /Global Cement
UAECEMENT.COM - Nov, 27,2023

Northern Region Cement Company to build 1.32Mt/yr cement line in Iraq
Iraq: Saudi Arabia-based Northern Region Cement Company has hired Germany-based KHD to build a 1.32Mt/yr cement line in Iraq. Reuters has reported the value of the contract as US$139m. The supplier said that the project will last for 16 months from its date of commencement. /Global Cement
UAECEMENT.COM - Nov, 12,2023

JK Lakshmi Cement reports second-quarter rise in sales in 2024 financial year
India: JK Lakshmi Cement recorded sales of US$189m during the second quarter of the 2024 financial year (FY2024), up by 15% year-on-year. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 33% to US$26.1m, while its profit grew by 43% to US$5.4m. /Global Cement
UAECEMENT.COM - Nov, 5,2023

Gansu Qilianshan Cement to issue shares
China: China National Building Material (CNBM) says that its subsidiary Gansu Qilianshan Cement has issued shares. Reuters has reported that CNBM stated the reason for the issuance is ‘asset acquisition’ as part of the group’s on-going restructuring. /Global Cement
UAECEMENT.COM - Nov, 1,2023

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