CemNet Newsroom reported on 14th May 2018 that Ugandan cement producers will have to change their products to supply the new Standard Gauge Railway (SGR) project. Talks between SGR and cement manufacturers in Uganda only managed to convert Hima Cement (LafargeHolcim group) to change configuration to...
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Whitehopleman
CemNet Newsroom reports on 9th May that Loma Negra's adjusted EBITDA advanced 40.6 per cent YoY! Apparently "volume and revenue growth principally driven by continued momentum in public infrastructure and private construction in Argentina reflecting ongoing economic growth". Loma Negra are long-sta...
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Whitehopleman
Sad to read on CemNet Newsroom on 8th May 2018 that Southern Province Cement Co has reported a 2.9 per cent YoY decrease in net profits in the 1Q18. However, only a 2.9% reduction perhaps suggests that the market decline in Saudi Arabia is bottoming out. Many people in the industry will be hoping so...
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Whitehopleman
On 25th April we could read on CemNet Newsroom that Green Island Cement (Yunfu), a subsidiary of Cheung Kong Infrastructure Holdings has acquired a cement grinding station and three quay berths in Yun Fu city in Guangdong province. Clinker produced by Green Island Cement in Hong Kong will be deliver...
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Whitehopleman
Also good to read on CemNet Newsroom on 25th April 2018 that Dangote Cement's revenue was up 16% to NGN242.1bn (US$672m) in the first quarter of 2018. It seems that lost of Whitehopleman's former cement industry clients are doing well. Let's hope it prompts the need for some more benchmarking and p...
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Whitehopleman
Good to read on CemNet Newsroom on 25th April that Grupo Cementos de Chihuahua (GCC) quintupled net income in the 1st quarter of 2018 to US$11.3m from US$1.7m in the first quarter of 2017. That will take some maintaining! GCC used to be a vert good customer of Whitehopleman, although not since the f...
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Whitehopleman
A shortage of cement at distribution points is expected to continue in Rwanda, while retail prices will remain high until regional manufacturers resume production at the end of April 2018, according to CemNet Newsroom on 9th April 2018. The maintenance of Cimerwa factory is expected to continue for...
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Whitehopleman
On 9th April CemNet Newsroom informed us that PPC is in talks with China National Materials Co (Sinoma), about selling a stake in their DR Congo operation, PPC Barnet. There is an oversupply of cement in sub-Saharan Africa's largest country, and PPC is in talks with China National Materials Co (Sino...
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Whitehopleman
Interesting to read on CemNet Newsroom on 6th April that Qassim Cement Co has received a one-year export licence from Saudi Arabia’s Ministry of Commerce and Investment. Whitehopleman has a long association with Qassim Cement stretching back more than 15 years. Whitehopleman is intrigued how exporti...
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Whitehopleman
On 6th April 2018 CemNet Newsroom reported that cement prices in Uganda have increased by UGX5000-11,000 (US$1.35-2.98) within a month, sparking a country-wide crisis in the building sector. Pader District, some 411km from the capital Kampala, reported the highest price at UGX50,000 for a 50kg bag o...