Cement News tagged: Corporate
Cbb inaugurates new 0.2Mta Arica plant
Cbb (formerly known as Cementos Bío Bío) has inaugurated its new 0.2Mta cement plant in Arica, northern Chile in the presence of Chile’s Minister of Economy, José Ramón Valente. The project represents an investment of US$16m and is the company’s fifth production unit – in addition to plants in Antofagasta, San Antonio, Teno and Talcahuano. In addition to the kiln line, it includes 1100m2 of ...
Cimencam inaugurates 0.5Mta grinding plant
President Paul Biya of Cameroon inaugurates the Nomayos grinding plant On Tuesday this week, Cimencam (LafargeHolcim group) officially inaugurated the new Nomayos cement plant. The ceremony was carried out under the patronage of his Excellency Paul Biya, President of the Republic of Cameroon. The grinding plant has a capacity of 0.5Mta and was constructed by CBMI of China. Acc...
Investment in Ugandan cement plant at risk due to land acquisition challenges
Uganda is at risk of losing a US$250m cement plant investment to Kenya due to challenges associated with land acquisition in the country, according to Hima Cement’s Managing Director, Nicolas George. Mr George said Hima Cement’s parent company LafargeHolcim took a decision to invest US$250m in Uganda, Kenya, Tanzania, Zambia and Zimbabwe. “We have been wondering where to invest money and Uga...
Cemex launches Cemex Go Development Center
Cemex has introduced its Cemex Go Development Center, a digital platform to enable users to connect with different entities in the industry, accelerate their evolution, and promote new business models, while reducing costs and accelerating time for the development of new digital capabilities of each of its customers. Cemex Go Development Center facilities connectivity of Cemex Processes with ...
Votorantim on course to diversify and make new investments
Votorantim SA's CEO, João Miranda, says the company is preparing to further diversify its portfolio after reaching its leverage ratio goal in 2018. The group is seeking investments in areas such as infrastructure and commercial properties in Brazil, as well as cement or building materials makers in developed countries. "The group is not in a rush to invest, but it seeks assets to ensure a ste...
Cemex Latvia changes name to Schwenk Latvija
Following its recent acquisition by Germany-based Schwenk, Cemex Latvia will change its name to Schwenk Latvija, according to reports by the LETA news agency. Cemex generated a turnover of EUR86.92m in Latvia in 2018, an increase of 11.3 per cent from 2017. Annual profit amounted to EUR5.95m, compared to a loss in the previous year. The company sold over 1Mt of cement in 2018, of which 70 pe...
Metso Brazil starts celebrating its centenary
The Brazilian Metso operation (Metso Brazil) is celebrating this June the historic mark of 100 years of activities in the country. The company is conducting a series of events throughout the year, beginning with Metso units in the locations where it operates and concluding with the company's book launch about the company's history in November. "It is a privilege for each of us to look at the...
Vicem reacts to electricity price increase by upping cement prices
Cement prices are on the up in Vietnam following the 8.4 per cent hike in electricity prices from 20 March. Vietnam Cement Industry Corporation (Vicem) has reacted by raising its cement price by VND30,000/t (US$11.29/t). Don Tien Trinh, Vicem But Son's general director, said the price of coal has also risen by between 2.3 and 5.8 per cent depending on the type of coal. Cong Thanh Cement JSC ...
Anhui Conch first to benefit from higher cement prices
Cement supply has dropped in China after the crackdown on polluting industries. This has encouraged price increases and higher profits for cement manufacturers. Anhui Conch reported an 88.1 per cent jump in its net profits in 2018 to CNY29.8bn (US$4.43bn). The company's total revenue of CNY128.4bn increased by 70.5 per cent on its 2017 performance. Anhui Conch's profits equalled 25 per cent o...
Colacem acquires Cemitaly's Spoleto facility
Italy’s Colacem has announced the acquisition of Cemitaly’s 0.7Mta Spoleto cement plant for an undisclosed sum. Cemitaly was unveiled as the new branding of Cementir Italia in 2018, after it was acquired by the Italcementi Group earlier in the year. "We are confident that the cement sector will have a significant role in the near future," said Colacem in a statement. "In our country there's ...
Tokyo Cement Co (Lanka) Plc is established
Sri Lanka’s Tokyo Cement Co (Lanka) PLC board of directors have completed the amalgamation of Tokyo Super Cement Co Lanka (Pvt) Ltd, a fully-owned subsidiary company, with Tokyo Cement Co (Lanka) PLC (TCCL). The name of the amalgamated company is now Tokyo Cement Coy (Lanka) PLC. All Tokyo Super Cement Co Lanka (Pvt) Ltd shares representing the stated capital of the company will be cancelled ...
PT Semen Indonesia sees 10% revenue rise in 2018
PT Semen Indonesia increased revenues by 10.3 per cent YoY to IDR30.688trn in 2018 from IDR27,814trn in 2017. The company’s consolidated sales volume reached 33.153Mt, including the sales from Thang Long Cement in Vietnam. Export sales from its Indonesian production base advanced 68.7 per cent to 3.157Mt when compared with 1.871Mt in 2017. The Indonesian cement producer saw its cost of reve...
Lafarge Canada Inc appoints new Eastern Canada CEO
Lafarge Canada Inc (LafargeHolcim group) has appointed David Redfern as CEO of its Eastern Canada operations. Previously Product Line General Manager for Western Canada Aggregates and the Greater Vancouver area, David joined LafargeHolcim in 1999 and has held numerous roles of increasing responsibility throughout Canada and France. "David’s success in our Vancouver market has been focused on...
CRH completes fourth phase of share buyback
CRH plc has completed the fourth phase of its share buyback programme, returning a further EUR200m of cash to shareholders, according to a press release. Between 2 January and 29 March 2019, 7.6m ordinary shares were repurchased on the London Stock Exchange and Euronext Dublin at an average discount of 0.6 per cent to the volume weighted average price over the period. This now brings tot...
Government promises not kept for Hongshi Shivam Cement
Nepal's Government has come up short in respect to keeping its word on infrastructure and energy promises to the Chinese Hongshi Shivam Cement Co, according to a report in the Nepali Times. The Nepalese government signed a foreign direct investment (FDI) deal with the cement producer in 2017 to help establish its cement plant with a local partner. However, the government failed to build the r...
Ambuja Cement launches 'Ambuja Plus Cool Walls'
Ambuja Cements Ltd (LafargeHolcim group) has launched 'Ambuja Plus Cool Walls' for Individual Home Builders (IHB) in Thane district, India. The product ensures maintenance of a 5°C temperature difference indoors, no matter how hot or cold the external temperature is. Developed by Ambuja’s in-house team, the product embeds 'Heat Barrier' technology to keep indoors warm during the winter and co...