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The latest cement news



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Impasse in Limerick

Irish Cement’s plans to cofire alternative fuels at its Mungret cement plant have met with stiff local opposition. Local journalist, Nick Rabbitts, explains why.

Polaris receives a second take-over bid

Vulcan Materials take-over of Polaris Materials is now in doubt, after receiving a higher bid from an unnamed US building materials company.

 

CRH scoops up Ash Grove Cement

Irish building materials giant, CRH, is to buy US cement market, Ash Grove Cement, in a deal worth US$3.5 billion, in the latest in a spate of acquisitions within the sector.

Cimpor reports lower volumes in 1H17

Adverse markets in Brazil, Egypt and Mozambique more than offset positive news from Portugal, Argentina and Paraguay, bringing down Cimpor’s year-on-year volumes in 1H17.

 

RHI confirms a number of divestments

Global refractories company, RHI, has confirmed a number of divestments as part of its deal to buy Brazilian rival, Magnesita.

HeidelbergCement buys Cementir Italia

HeidelbergCement is to expand its presence within the Italian cement industry, buying the Italian cement and concrete operations of Cementir Holding.


More cement news updates

 
 

CalPortland's Mark Rock receives safety award

Mark Rock, Senior Vice President of Risk Management at CalPortland, has been awarded this year’s James M. Christie Safety & Health Professional of the year by the US National Stone, Sand & Gravel Association.

 
 
 
 
 
 

Train loadout completed in Ouagadougou

Intercem has completed a new train unloading station at Ouagadougou for Cimfaso, part of Cim Metal Group, in connection with a new cement grinding plant.

 
 
 

Dangote emerges as bidder for PPC

Dangote Cement has launched a rival takeover offer for South African cement maker, PPC, opening up a potential bidding war with Afrisam.

 
 
 

Ohlsson appointed MD of Cementa

Magnus Ohlsson has been appointed the Managing Director of Swedish cement maker and HeidelbergCement subsidiary, Cementa.

 
 
 

 

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Cement production softens on weak housing sector

Cement production in the first quarter of the Indian financial year (1QFY17) stood at 72.67 million t, according to a recent report from CARE Ratings, a fall of 3.9% on the same period a year before. The softer market conditions followed low activity in the real estate and housing sectors, which typically account for two-thirds of cement consumption.

The real estate sector has been hit by the implementation of the Real Estate (Regulatory and Development) Act (RERA), under which states are required to establish a new regulatory authority to deal with the real estate sector.

“The newly implemented act, along with regulations and compliances, is making developers cautions,” CARE Ratings said. As a result, the company expects soft market conditions in the real estate and housing sectors to continue “as clarity on RERA implementation would continue to evolve” over the next few quarters.

As a result of the weakness in the real estate sector, as well as higher government spending, infrastructure will account for a higher proportion of India’s cement production, reaching 15% during the current financial year.

“Road and public infrastructure development is expected to push demand for cement in the two coming quarters,” CARE Ratings said.

Looking ahead, the ratings agency expects cement production to start to recover in 3QFY17, as activity in the real estate and housing sectors picks up. Meanwhile, Smart City and national highway projects will fuel demand in the infrastructure sector.

“Implementation in the first batch of 20 Smart Cities has already taken off in stages,” CARE Ratings concluded, “For the remaining 40 Smart Cities chosen in September 2016, we expect the project implementation to begin in 3QFY17, which should drive demand for cement.”

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