Cement News tagged: Corporate
BUA seeks President's support to end mining rights squabble
Nigerian conglomerate BUA group has asked Nigeria's President, Muhammadu Buhari, to intervene in its argument with Dangote group over limestone mining rights. BUA's Chairman, Abdulsamad Rabiu, said Dangote group was undermining security around his plant in southwest Edo state, a region with limestone. Dangote's cement operation is in the central state of Kogi. The mines ministry said BUA gr...
Bamburi Cement launches seasonal driver improvement programme
Bamburi Cement has begun a pre-Christmas campaign to improve driver safety. Over 1200 drivers and 1,000 bodaboda operators are set to benefit from the training that will be offered during the campaign. The campaign's caravan was waved off from the company's Mombasa plant based in Bamburi on Tuesday, and will stop at identified locations in the coastal city before proceeding to Mariakani, Voi...
Paraguay’s INC announces record sales in November
Industria Nacional del Cemento (INC) announced record sales of 1.2m bags in November 2017. Jorge Méndez, president of the Paraguayan cement producer, said the company sold 1,249,065 bags of Cemento Vallemi, a sign that the market is returning to growth. He added that the company successfully switched from fuel oil to petcoke to fire its kiln, which has enabled the company to generate si...
JK Cement plans expansion spree
JK Cement is planning to almost double its grey cement capacity to 18Mta in four years with brownfield and greenfield expansions. The company is embarking on a brownfield expansion of 3.5Mta at its Mangrol facility in Rajasthan. This involves capital expenditure of about INR15,000m (US$232.8m). Work at Mangrol is expected to start by end FY17-18 and commissioning is expected by end of 2019,...
Elementia restructures debt with new seven-year loan
Elementia, SAB de CV has announced that it obtained a loan from Citi Banamex for MXN925m (US$49.6m) over a seven-year term, with payments beginning in the first half of 2020, given its two-year grace period. The financial restructuring is part of its strategy to strengthen its balance sheet and maintain its profitable growth. The loan successfully concludes the company's commitment, as anno...
Taiwan Cement Corp increase shipment prices
Taiwan Cement Corp are to raise product prices for shipments to Guangdong and Guangxi provinces by CNY20 (US$3)/t to CNY360, as reported by Taipei Times. The increase in price will be effective from Saturday. The price change is demonstrative of the strong demand in Southern China and subsequent shortage of cement. Beijing’s stricter environmental regulations have also led to some cement pro...
Cementos Bío Bío seeks improvement with innovation index
Cementos Bio Bío (CBB) of Chile has begin a collaborative project with Innspiral, the first accelerator of corporate innovation in Chile and Latin America. The aim is to engender innovation on a corporate level using an innovation intensity index. The cement company will formalise the measurement of its innovation performance, using an Innovation Intensity Index (i3), created by Innspiral....
Dangote Cement to begin selling products on Jumia
Dangote Cement will begin selling its products on the e-commerce platform, Jumia. This is an attempt establish a secure platform for customers to purchase products, thereby avoiding fake vendors who claim to be selling Dangote products at a cheaper price, according to The Nation. "A bag of cement on the platform is only NGN2500 and it includes the cost of freighting and offloading to the w...
Fujian Cement to buy limestone mining rights
China-based Fujian Cement plans to buy mining rights of a 0.2Mta limestone mine and a 0.03Mta cement siliceous material ore mine from Shunchang Lugunshan Limestone Mine and Shunchang Wuli Ting, respectively. The transaction amount is CNY52.9m (US$8m) with an actual payment of CNY32.8m, according to Reuters. The limestone mine is understood to cover an area of 0.3605km2 with rights valid unti...
Lafarge Africa to cut debt by US$270m
Lafarge Africa will use some of the funds raised by a NGN131.6bn (US$415m) rights issue to cut debt by US$270m, as reported by Reuters. The company inherited US$507m in shareholder loans and US$88m of third-party foreign currency debt when it acquired UNICEM in 2015. This debt would expose Lafarge Africa to a foreign currency loss due to the sharp fall in value of the naira. However, the ri...
PPC plans Western Cape mega plant
PPC is planning to build a new large-capacity plant in the Western Cape, South Africa. The company is expected to make a formal announcement about the new works next year, according to Business Report. Johan Claassen, interim CEO of PPC, said the company had decided to carry out a feasibility study on a larger-than-previously planned facility at its Riebeeck works. The environmental imp...
Cemento Melon sees 57% 3Q profit drop
Cemento Melon, Chile, reported a 56.8 per cent drop YoY in profits to CLP5bn in 3Q17. Sales have fallen 13.6 per cent to CLP136.5bn when compared with the year-ago period, when revenues reached CLP108.669m. The cement producer has attributed the decrease to a contraction in the construction market. The company, which is owned by the Peru-based Brescia Group, said the fall in sales has b...
CMS sees 3Q profit rise
Malaysia's Cahya Mata Sarawak Bhd (CMS) reported 3Q17 consolidated revenues of MYR347.968m (US$85.12m), down 2.3 per cent from MYR356.06m in 3Q16. Profit before tax edged up from MYR94.744m in 3Q16 to MYR95.58m one year later while profit attributable to ordinary equity holders of the parent company rose 5.7 per cent YoY from MYR58.715m to MYR62.04m. The group attributed the improvement in ...
Savannah Cement trained 10,000 masons in the past five years
Savannah Cement have renewed a joint commitment with the National Construction Authority (NCA) to improve construction standards in Kenya, according to Capital Business. The cement company will continue to provide training and development opportunities to those workers seeking NCA accreditation in the building and construction sector. Over the last five years, Savannah Cement have trained 10,0...
Confidence Cement to commission new plant end-December
Confidence Cement will commission its new cement plant in Bangladesh at the end of December, doubling the company’s total cement capacity to 4500tpd. The new works will help to meet the country’s increasing cement demand, which is expected to surpass the 25Mt mark in 2018, according to The Global Cement Report, 12th Edition. Bangladesh aspires to become a middle-income country by 2021 ...
Cienfuegos continues supply to hurricane-affected areas
Despite undertaking one of the largest maintenance campaigns of the past 16 years, the Cemento Cienfuegos’ plant in Cienfuegos, Cuba, will continue to deliver cement to areas affected by hurricanes. The repairs total a value of more than CUP3m and, having started on 8 November, are scheduled to be completed in mid-December. After 15 December shipments in line with national demand will resum...