Cement News tagged: Corporate
Matsiloje Portland Cement could reopen by year end
Matsiloje Portland Cement (MPC), one of only two homegrown cement producers in Botswana, is considering a return to production by the end of the year following its closure in 2018. Managing Director, Rachit Josh, told BusinessWeek the company was ‘very optimistic’ it could resume operations and was currently in talks with a reputable investor with a view of entering into a partnership to...
Mangalam Cement sees 57% rise in sales
India’s Mangalam Cement has reported a 57.1 per cent rise in sales to INR3.55bn (US$47.52m) in the quarter ending June 2021, compared to INR2.26bn in the year-ago period. Net profit also increased 189.4 per cent YoY to INR399.4m from INR138m in the corresponding period of the previous fiscal.
Shree Cement to open 3Mta Pune grinding plant in September
Shree Cement's 3Mta clinker grinding unit at Patas, Pune district in Maharashstra, India, is now expected to be completed soon with commercial production to commence in September, according to company official. The western Indian expansion, which sits on a 26.6ha plot, had been delayed due to the impact of the COVID-19 pandemic and right-of-way issues. The project, which represents an inves...
Yanbu Cement posts 23% rise in revenue
Saudi Arabia’s Yanbu Cement Co has reported a 11.1 per cent YoY fall in net profit to SAR115.23m (US$30.73m) in the first half of 2021, compared to SAR129.56m in the year-ago period. Revenue advanced 23 per cent YoY to SAR535.09m from SAR434.33m in the 1H20. In the second quarter of the year, net profit increased 12 per cent YoY to SAR41.83m while revenue climbed 54.6 per cent to SAR242.69m ...
Mikhaylov Construction Materials Plant completes Eurocement acquisition
Sberbank has closed a deal to sell parent company Eurocement Group's shares and debt to OOO Mikhailovsky Kombinat Stroitelnykh Materialov (Mikhaylov Construction Materials Plant), which won the auction organised on the Russian Action house’s electronic platform. The transaction was valued at RUB161bn US$2.214bn). The deal will have a positive impact on the group’s financial performance ...
Oman Cement posts 5% decline in net profit
Oman Cement has posted a 4.8 per cent decline in net profit to OMR2m (US$5.2m) in the first half of 2021, compared to OMR2.1m in the year-ago period. Total revenue fell 9.1 per cent YoY to OMR24m from OMR26.4m in the 1H20.
Raysut Cement sees net loss contract in 1H21
Oman’s Raysut Cement Co has seen its net loss after tax contract to OMR3.2m (US$8.3m) in the first half of 2021, compared to OMR10.9m in the same period of last year. Total revenue remained largely consistent YoY at OMR45m from OMR44.8m in the 1H20.
Cimencam appoints new executive board chairman
Cameroon’s former Minister of Mining, Jacques-Yves Mbélé Ndoé has been appointed chairman of the Cimencam’s executive board and as a result, is also the representative of the country’s President in the company’s executive board. He succeeds Pierre Moukoko Mbonjo as of 13 July 2021. After his training in Dakar, Senegal, Mr Mbélé Ndoé joined the Cameroon government from 7 December 1997 until 2...
Lafarge Cement Zimbabwe to double cement capacity in 2022
Lafarge Cement Zimbabwe (Holcim group) plans to double its cement milling capacity upon completion of the installation of a new vertical roller mill (VRM) in 2022. "The supply contract was signed in August 2020 and the manufacturing of the plant commenced the following month. Civil works for the VRM have since started and the expected completion date for the project is February 2022," Lafar...
Tangshan Jidong sees cement and clinker sales rise 14%
China’s Tangshan Jidong Cement expects its net profit to rise 20-30 per cent YoY to CNY1.2-1.3bn (US$185-200m) in the first half of 2021, compared to CNY1bn in the year-ago period. The company has attributed the rise in profit to an increase in cement and clinker sales, continued strengthening of cost control and a decline in expenses. Its consolidated sales of cement and clinker advanced 14...
Dangote acquires 20,000 vehicles to improve distribution
Nigeria’s Dangote Cement has acquired 20,000 additional vehicles to improve the distribution of its products across the country. The vehicles, made up of trucks, trailers and tippers, represent an investment of US$150m. "These assets would meet the expected increase in demand for transportation of cement to every part of the country and create employment for over 4000 people in Nigeria," sai...
Aumund takes over KoWey after-sales service
Aumund Fördertechnik GmbH has taken over the after-sales service from KoWey (Germany) and from KCT Engineering (India) on all machinery, including original spare parts and retrofits, respectively conversions with regard to the bucket elevators and conveying systems supplied worldwide. Aumund says its P REMAS ® Services for preventive and predictive maintenance are highly recommended wor...
Cemex completes Buñol cement plant sale
Cemex has announced that it has successfully closed the previously announced sale of its white cement business, including its Buñol cement plant in Spain, to Çimsa Çimento Sanayi Ve Ticaret AS, for a total consideration of approximately US$155m. Cemex will retain its white cement assets, business activities and investments in Mexico and the United States, as these are not part of the announ...
Newberry plant sets two new records
Argos has announced that in June 2021 its Newberry plant in Florida, USA, smashed two previous records. It produced 140,421t, beating the previous record set in June 2019 (127,800t) by nearly 20,000t. Because of this increase in production, the plant was also able to ship 128,728t of product to customers and its ready-mix plants, beating the previous record of 120,900t, set in 2019, by more...
Holcim launches its new group identity
Holcim has launched its new group identity uniting all its market brands behind its purpose to build progress for people and the planet. Jan Jenisch, CEO at Holcim, said: "Today marks a milestone for our company in our transformation to become the global leader in innovative and sustainable solutions. Our world is changing in many ways, with population growth, urbanisation and the climat...
Dangote Cement considers Mtwara expansion
Dangote Cement is reportedly considering an expansion of its Mtwara plant in Tanzania, as the domestic cement market expands. "We have come a long way and right now we are doing one production line and as volume increases and the market develops, the expansion of the existing plant may take place. This is because we have been well received in the market," said Abdullahi Baba, general manager ...