Cement News tagged: Corporate
Cementos Argos reopening Colombian plants
Cementos Argos announced it will be partially reopening its operations in Colombia to supply the public works that were given the go-ahead by Decree 531 of April 2020. The Rioclaro works in Antioquia as well as a limited number of concrete plants will open, in line with health and safety guidance defined by the authorities, according to Valora Analitik. "The company is ready to scale up its ...
Gujarat Sidhee Cement resumes cement production
India’s Gujarat Sidhee Cement started up the production of cement again yesterday, in compliance with permission received from the government. The company will comply with directives being issued by the central and state government, as well as local administration, for the safety and wellbeing of its workers. However, the overall impact of the coronavirus upon the company's operations is di...
Lehigh Cement releases 54 employees at Glen Falls plant
Lehigh Cement has laid off 54 of its 90 employees at its Glen Falls plant, New York state, USA, in the wake of a construction slowdown attributed to the spread of COVID-19. The company plans to discontinue most of its cement production at its Glens Falls plant, as well as operations at its quarry in Moreau, said David Dreyer, the plant manager. "The layoffs are expected to be temporary and w...
Steppe Cement 1Q20 cement sales fall by 11%
In the 1Q20 Steppe Cement Ltd sold 235,896t of cement for KZT4003m (US$9.4m) compared to 266,393t in the 1Q19, a decline of 11 per cent. Kazakhstan's cement market increased in 1Q20 by 15 per cent over the corresponding period of the previous year. The company maintained pricing over volumes in the 1Q20 but saw its market share decrease to 13.3 per cent from 17.4 per cent in the 1Q19. The...
Eagle Materials appoints new board member
USA-based Eagle Materials has appointed Mary Ricciardello to its board of directors. Ms Ricciardello’s previous experience includes seven years on the board of US Concrete. “We are extremely pleased to have Mary join our board. Mary is a proven leader and will be a great complement to the strong leaders on our board today. The addition of Mary to the board is also timely in that it provides...
Titan publishes its 2019 annual report
Titan has published its 2019 annual report outlining the group's financial, environmental and social performance. While Titan delivered another solid financial performance and made good progress on its 2020 environmental and social targets, responding to climate change and the digital revolution, the coronavirus broke out during the writing of the report. TITAN has mobilised to take measu...
Akhangarancement completes kiln housing installation
Eurocement has completed the installation of the rotary kiln housing at its 3Mta Akhangarancement project in Uzbekistan, according to a press release. Internal and external welding work was carried out on parts of the kiln body, bandages and support rollers, while the main and auxiliary drives were also installed. The rotary kiln is equipped with high-tech sensors, scanners, gas analysers a...
Eagle Materials supplies business update amid COVID-19 uncertainty
US-based Eagle Materials has announced that it intends to continue operations as an essential business and deliver products to its customers, since its primary manufacturing facilities span across the country’s heartland in areas where construction has generally been deemed essential by government authorities. Although market conditions for the company’s construction materials have reportedl...
Schwenk Zement acquires 100% shares of Celitement GmbH
Schwenk Zement KG has taken over all shares of the previous fellow shareholders (including the Karlsruhe Institute of Technology) in Celitement GmbH and this has been backdated to 1 January 2020. From having been a Schwenk-affiliated company, Celitement GmbH became a full subsidiary of the well-established building materials group from Ulm. Celitement GmbH was founded in February 2009 and...
Pakistan's goverment to recover foreign loan funds from Galadari Cement
Pakistan's government on 8 April decided to recover a foreign funding loan from a local cement plant that has been under construction for a long time in Balochistan province. According to a government statement, Adviser to the Prime Minister on Finance and Revenue, Dr Abdul Hafeez Shaikh, on the summary moved by the Economic Affairs Division (EAD) for the recovery of foreign currency loans f...
Société de Ciment de Bizerte halts cement sales
Tunisia’s Société de Ciments de Bizerte announced a temporary stop to cement sales until 19 April. The company said it had not seen a single case of coronavirus in its employees but would halt sales as a precaution. Government-owned Société de Ciment de Bizerte operates a 1.5Mta plant on the northern Tunisian coast.
Shah Cement distributes food items to construction workers and families
Shah Cement Industries Ltd of Bangladesh has taken an initiative to provide food items and handwash to construction workers and their families considering that many workers have become jobless during the coronavirus situation, says a press release. The cement company had selected 80 points across the country to distribute the items and since 30 March, a total of 10,000 construction workers ha...
Cemex asks employees to defer 10% of salary
Cemex has asked employees to voluntarily defer payment of 10 per cent of their salaries for three months, according to Reuters. Members of its senior management team have also been requested to give up 15 per cent of their pay for the period starting 1 May. The chairman of the board, CEO and other top executives have already agreed to give up 25 per cent of their salaries and fees over 90 d...
Eagle Cement donates food packs to Bulacan residents
Philippines-based Eagle Cement has donated food packs to the residents of Bulacan, amidst the quarantine period in place due to the COVID-19 pandemic. With the assistance of the armed forces, volunteers and the local government of San Ildefonso, the company distributed thousands of food packs containing rice and canned goods to 20 barangays in San Ildefonso and Dona Remedios Trinidad. Ap...
Dalmia Cement Bharat announces COVID-19 relief plans
India’s Dalmia Cement Bharat has contributed INR20m (US$262,742) to the Odisha relief fund to help support the state’s response to the COVID-19 pandemic. Elsewhere, the company has distributed dry food packets to over 900 families in villages near Biswali, Odisha. Seven days of grocery shopping has been supplied to 650 families in and around Rajgangpur, while the company has also provided a...
Moody's changes Boral's outlook to negative
Moody’s Investor Service has changed its outlook on Australia’s Boral Ltd from stable to negative, while also affirming its Baa2 issue rating. "The change in outlook to negative reflects Moody’s expectation for weak earnings given a significant pull back in housing starts in both the US and Australia. In addition, Moody’s expects certain non-residential construction projects to be delayed o...