Weekly cement news highlights: 3 – 7 August 2015

Cement news round-up 3 – 7 August 2015

Construction

• A new study from the Freedonia Group, Construction Outlook in China, indicates Chinese construction expenditures will rise 7.8% annually.
• Bestway Cement signs MoU with NUST Institute of Civil Engineering for research and development on innovative cement solutions for construction in Pakistan.
• Norway’s construction industry will keep developing over the next five years with investment in transport infrastructure playing a key part, according to a recent report by Timetric’s Construction Intelligence Center.
• The Markit/CIPS report shows that construction slowed in July after the impressive performance in June.
• A Timetric Construction Intelligence Centre report shows that Asia-Pacific will invest over US$2.86 trillion in road and railway projects in the near future.

Quarterly results

• Indian cement company Shree Cement has reported a 62% drop in net profit for the quarter ending 30 June.
• Prism Cement, India, reported a net loss of Rs.8.04 crore for the quarter ending 30 June.
• French cement manufacturer Vicat has reported its results for the January – June period.
• Summit Materials, a vertically integrated construction materials producer, saw growth of 12.5% in net revenue for 2Q15.
• Buzzi Unicem has reported its 1H15 financial results, including a 1.6% increase in cement sales.
• The Mineral Products Association has announced sales volume increases for aggregates and ready mixed concrete in 2Q15 and 1H15.

Developments and projects

• Dangote Cement has commissioned a new cement plant in Zambia and plans to double capacity, according to reports.
• Hope designed HOPEFlow Rail concrete, which has been used in the Winchburgh Tunnel between Glasgow and Edinburgh for the first time.
• With the acquisition of the UK businesses from Lafarge, CRH has launched Tarmac, bringing together the Tarmac name with the Blue Circle logo.

  Not to be missed …

  • The US Environmental Protection Agency is set to introduce new regulations that will impact several industries in the US, including cement.
  • Sean Fitzgerald, Motorola Solutions, explains the use of high-capacity digital two-way radio systems at the UK’s largest cement plant to ensure communication between workers and enhance site team safety.
  • Imran Akram, IA Cement, UK, details the creation of the world’s undisputed global market leader in cement

Read the article online at: https://www.worldcement.com/asia-pacific-rim/07082015/weekly-cement-news-highlights-3-7-august-2015-290/