Cement News tagged: Corporate
Hsing Ta Cement posts 14% increase in revenue
Taiwan’s Hsing Ta Cement has seen its revenue in June 2021 fall 19.5 per cent YoY to TWD492m (US$17.54n) from TWD611.25m. In the January-June period, revenue improved 13.6 per cent YoY to TWD3.69bn from TWD3.26bn.
Universal Cement records 12% rise in revenue
Taiwan’s Universal Cement has posted a 10.2 per cent YoY decline in June revenue to TWD407.13bn (US$14.5m) from TWD453.56m in the year-ago period. In the first six months of the year, revenue advanced 12.1 per cent to TWD2.91bn from TWD2.59bn.
Beumer Maschinenfabrik appoints new managing director
Dr Jörn Fontius, Beumer Maschinenfabrik's new Managing Director Beumer Maschinenfabrik GmbH & Co KG has appointed Dr Jörn Fontius as its new managing director. He succeeds Norbert Stemich, who after eight years in this position is now focussing on the activities in the Product Business area. Dr Jörn Fontius was appointed to his position in May 2021. In 2013 Dr Fontius joined...
NCL Industries announces 52% rise in production
India’s NCL Industries has announced a 52 per cent YoY increase in cement production to 706,370t in the first quarter of FY21-22. Cement dispatches were also up 44 per cent to 698,498t compared to the year-ago period. The company’s cement board production rose 37 per cent to 17,196t and dispatches climbed 32 per cent to 10,634t.
ECEBOL reaches 80% capacity utilisation since restart
Three weeks after its restart, Empresa Püblica Productiva Cementos de Bolivia (ECEBOL) has achieved a capacity utilisation rate of 80 per cent, according to Bolivian President, Luis Arce. “Only three weeks after its reactivation, our Bolivian Cement Company is producing at 80% of its capacity, selling the product to La Paz, Oruro and Cochabamba. With this industry we generate 230 direct jobs...
La Union plant receives ISO Certifications
The Holcim Philippines La Union plant has successfully secured the latest ISO certification for occupational health and safety management systems, and is being recertified for high standards of quality and environmental management. Holcim La Union was certified for ISO 45001: 2018 for Occupational Health and Safety Management System and recertified for ISO 9001: 2015 (Quality Management ...
Cemento Rocafuerte opens Belize's first cement plant
Cemento Rocafuerto, a subsidiary of Guatemala-based Cemento Progreso, has opened Belize’s first cement plant at Mile 34 of the George Price Highway, near the capital Belmopan, in the presence of the country’s Prime Minister, John Briceño. The 10ha plant represents an investment of US$8m and provides employment to 28 Belizeans. The plant uses European technology that meets modern environmental ...
Holcim acquires southern German building materials company
Holcim has reached an agreement to acquire Heinrich Teufel GmbH & Co KG, a regional player in aggregates and ready-mix concrete in southern Germany. The company's Region Head EMEA, Miljan Gutovic, said: "The acquisition of Heinrich Teufel will strengthen our footprint in southern Germany in aggregates and ready-mixed concrete. We were especially impressed by their shared commitment...
Steppe Cement sees sales volume rise 10%
Kazakhstan’s Steppe Cement has seen its cement sales volumes rise 10 per cent YoY to 840,661t in the first half of 2021, compared to 764,752t in the first six months of last year. Turnover also advanced 22 per cent YoY to KZT16,657m (US$38.87m) from KZT13,677m. The average ex-factory cement price in the 1H21 was KZT16,571/t against KZT14,727/t. The cement market in the country showed 25 per...
Belarusian Cement Plant reports 7% production increase
Belarusian Cement Plant has reported a 7.3 per cent YoY rise in production to 710,000t of cement in the first five months of 2021. The volume of production in actual prices rose 14.2 per cent to BYN115.9m (US$45.39m) during the period. The company reported BYN7m in sales profit in January-May 2021, with half of this amount made in May alone.
Jammu and Kashmir Cement awaits closure
The government of Jammu and Kashmir are close to winding up J&K Cement Ltd. This is the only government-owned cement manufacturing plant in Jammu and Kashmir, India. Officials informed that majority of the employees of J&K Cement Ltd have been put “on deputation” to some departments after the corporation was unable to generate revenue to clear its salary bills. "The JKCL is almost closed...
JK Cement launches new brand identity
JK Cement has launched a contemporary and forward-looking corporate brand identity. The new avatar of JK Cement was officially unveiled at a virtual event by Dr Raghavpat Singhania, managing director, JK Cement, Madhavrishna Singhania, deputy managing director and chief executive officer, JK Cement, and AK Saraogi, deputy managing director and chief finance officer, JK Cement. "Our new ...
BUA rewards employees with NGN2bn bonuses after record year
Abdul Samad Rabiu, the largest shareholder and Chairman of BUA Cement Plc, Nigeria, has announced a share bonus gift from his pool of shares for employees of the company worth about NGN2bn (USD4.87m). Rabiu said the bonus pool was in recognition of the workers’ efforts to keep the company profitable despite the pandemic and predictions of a tough year. In a statement, the company explained t...
JK Cement aims for 10% revenue growth in FY22
India’s JK Cement is targeting up to 10 per cent revenue growth in the FY21-22, due to a push for more infrastructure projects and pent-up demand, according to The Mint. Alongside these growth projections, the company is looking to complete its Panna expansion project in 2022, which was delayed due to the pandemic. The project is expected to take the company to a capacity of 20Mta, with furt...
Lhoist North America starts up new lime kin
Lhoist North America and Maerz Ofenbau AG have started up a new lime kiln in Montevallo, USA. The Maerz R4S type PFR kiln has a nominal production rate of 600tpd of soft-burned lime. Lhoist North America is also expanding its dolomitic quicklime production at Marble Falls, Texas, as well as a new lime kiln at its New Braunfels, Texas facility.
Umm Al Qura Cement appoints chairman
Saudi Arabia’s Umm Al Qura Cement Co has appointed Abdullah Abdulaziz Suleiman Alabdulatif as its chairman. The board also appointed Saud Mahamed Ali Al Sabhan as vice-chairman, according to a bourse filing. The board also approved the formation of the Remuneration and Nominations committees, the appointment of representatives before the Capital Market Authority and the Saudi Stock Exchange...