With declining volumes in Cimpor's three most important markets. In Brazil, Argentina and Portugal, the turnover fell by 26.1% in 2016 to EUR1842.8m and EBITDA came off by 32.9% to EUR352.6m.
Lafarge Malaysia Bhd’s (Lafarge) earnings are expected to bounce back in financial year 2017 (FY17F) and FY18F on the back of local cement sales growth as well as contributions from its collaboration with the federal government.
Rising power costs have forced the closure of one of the country’s oldest cement plants as subsidy reforms start to bite.
Arkan announced in December that it would take a series of measures to combat higher gas and electricity prices that were introduced on January 1 this year.
Biskria Ciment has ordered five vertical rollers mills from Loesche. The contract includes two raw cement mills and three clinker mills for the plant at Biskra. With these mills raw cement meal can be ground to a fineness of 12% sieving residue with 90μm at a processing capacity of 500t/hr and the cement clinker to a fineness of 3,400 Blaine. The three new cement clinker mills have already been delivered and commissioning is planned for autumn 2017. The Chinese company CBMI Construction will act as contractor in this enterprise. No value for the order has been disclosed.
Morocco’s cement market contracted 9.9% YoY in February to 1.064Mt from 1.181Mt in February 2016.