Cement News tagged: Corporate
Holcim Mexico expects to invest up to US$50m in 2019
Holcim Mexico announced its plans to invest US$30-50m in improving its operating efficiency and distribution network of its cement and concrete plants. "We have a network of over a thousand points of sale in Latin America and in Mexico we are also developing that part of a very long-term plan and a plan for Holcim's vision in Latin America," said Rodolfo Montero, CEO of Holcim. Mexico, in th...
Burnpur Cement reports 61% revenue increase
India’s Burnpur Cement has reported a standalone net loss of INR38.6m (US$542,446) during the third quarter of FY18-19 ended 31 December, widening from INR33.4m a year earlier. However, net revenue rose 60.8 per cent YoY to INR235.5m compared with INR146.5m of the 3QFY17-18. Operating profit fell 1.9 per cent to INR10.2m in the quarter, with the operating profit margin contracting 38.8 per c...
Har Tuv Cement plant to face closure?
Har Tuv Cement Ltd is reported to face the closure of its cement plant near Beit Shemesh, Israel. Reduced exports and an increase in competition in the local market due to Turkish and Greek cement imports were quoted by Israel Valley by as the main reasons for the challenges faced by the cement works. Har Tuv Cement Ltd operates a 1Mta integrated cement works. Until 2015 it was owned by ma...
Charah Solutions opens factory for fly ash and SCMs
Charah ® Solutions, a leading provider of environmental and maintenance services to the power generation industry, has opened its first facility using new patented technologies for grinding granulated blastfurnace slag (GGBS) to create supplementary cementitious materials (SCMs). Charah Solutions aims to serve customers in markets where the supply of fly ash or other SCMs is limited. The new...
ACC announces new solar project for Egyptian plant
Arabian Cement Co (ACC), in collaboration with Solarize Egypt, has announced a new solar energy project at its Suez plant. The EGP90m (US$5.02m) plans will be financed through the Qatar National Bank, while the European Bank for Reconstruction and Development will provide a grant and technical support. According to Sergio Alcantarilla, CEO of ACC, the project will enter operation in the 2Q19...
Potential investors in Carthage Cement seek improved conditions
The call for tenders for the sale of 50.52 per cent of Tunisia-based Carthage Cement attracted several investors, of which five prequalified and were asked to submit their financial offers by 7 December 2018. However, despite their clear interest, they were unable to submit a financial offer for acquisition, according to African Manager. While these investors have reiterated in writing the...
Vicat Egypt to invest in Sinai Cement
Vicat Egypt is expected to invest up to EUR30m in Sinai Cement Co to meet the demand of the local and regional market. Tamer Magdy, CEO, Vicat Egypt, made the announcement during an event celebrating the 15th anniversary of the company’s presence in the Egyptian market. Vicat acquired Sinai Cement, based near El Arish, in 2003. The Egyptian economy has the potential to recover as it is moving...
Cemex changes management structure
Cemex has announced a series of changes to its management structure which will come into force on 1 February 2019. Juan Romero Torres, current president of Cemex Mexico, has been appointed executive vice president of Global Commercial Development. This new role aims to capitalise on the progress that the company has achieved in its Customer Centricity strategy and provide it with a formal stru...
Hanson UK appoints district sales managers for packed products
Hanson UK (HeidelbergCement group) has appointed three district sales managers for its packed products business to improve customer service. Affy Matthew, Louisa Heron and Simon Cowling will report to Andrew Simpson, national commercial director – packed products, and will work with merchants to build partnerships and help maximise sales and profits. "Our three new packed products DSMs will...
HeidelbergCement updates on portfolio optimisation
HeidelbergCement has reported that it closed the divestment of its 50 per cent share in Ciment Québec and its minority participation in Syria in December 2018. In addition, a former cement plant area in the Cairo metropolitan area, Egypt, has been auctioned and the divestment of its Ukrainian business has been signed. The closure of both the latter transactions is expected to occur in 2019. ...
JK Lakshmi to upgrade logistics
India’s JK Lakshmi Cement has contracted FarEye, a digital logistics company, to maintain its distribution network and increase predictive visibility. "On our wide distribution network handling volumes around 800,000tpm, pilferage and back/forward loading are some of the key operational challenges that we face. We believe that gaining better visibility into our vast network of multiple plant...
Maple Leaf Factory's new line more than 60% complete
Maple Leaf Cement Factory Ltd is making progress on its expansion project. The company is setting up an additional 7300tpd dry-process clinker production line as a brownfield expansion at the company's existing site in Iskandarabad, Mianwali, Punjab, increasing grey cement capacity to 18,000tpd. FLSmidth won an EPC contract for the project. The total project is now estimated at a revised co...
Bashundhara Group to supply major infrastructure projects
Bangladesh's Bashundhara Group has been selected as the cement supplier for the country's first Metro Rail project and the construction of Kalna Bridge over Madhumati River in Gopalganj. Abdul Monem Ltd is the contractor for both projects. Bashundhara will provide 150,000t of cement for the Metro Rail project and 50,000t for the 690m-long Kalna Bridge. "Bashundhara and Abdul Monem Group are...
Raysut Cement records 27% revenue increase in 2018
Oman’s Raysut Cement Co has announced its unaudited consolidated results for 2018, recording a 26.6 per cent YoY rise in revenue to OMR90.98m (US$236.6m) from OMR71.9m last year. However, the company noted a 28.5 per cent fall in profit after tax to OMR4.16m, compared with OMR5.81m of the year-ago period.
Ghielmimport appoints new sales and marketing director
Swiss building materials specialists, Ghielmimport, active in the Ticino Canton in particular, has appointed a new sales and marketing director, Paolo Maggi. The appointment of Mr Maggi is part of the company's growth strategy, according to a company press release. Paolo Maggi, a graduate in aeronautical engineering has gained experience since 1990 in strategic positions of general managem...
Steppe Cement sees revenue up 32% in 2018
Steppe Cement Ltd reported 2018 revenue of KZT28.34bn (US$75.4m), up 32 per cent YoY. The Kazakhstan cement producer had cement volumes of 1.7Mt, a rise of six per cent while the average cement price rose by 25 per cent YoY to KZT16,480/t. Steppe Cement's market share increased to 17.5 per cent, while the company's exports rose by 50 per cent to 146,000t. Despite this positive set of resu...