Cement News tagged: Corporate
Cemtech Industries Cameroon seeks permit in Port of Kribi
Cemtech Industries Cameroon is a new cement producer among the interested industrial parties looking to settle in the logistics zone of the autonomous Port of Kribi (PAK), which began operations in 2018 in southern Cameroon. To date, 31 temporary permits of occupation in the logistics zone have been issued for the cumulative area of 1,239,151ha.
LafargeHolcim US appoints Mountain Region manager
LafargeHolcim has appointed Woodrow "Chance" Allen general manager for the Mountain Region for the US Aggregates and Construction Materials (ACM) organisation. Mr Allen has extensive experience in lean manufacturing and managing large-scale businesses. "Chance brings a valuable perspective of the US aggregates and construction materials industry," said Jay M Moreau, CEO, US ACM. "His experien...
CIMAF Ghana Ltd extends its product range
CIMAF Ghana Ltd has announced the introduction of newly-improved cement grade, 42.5R B-L, to its line of products. "This is not just an addition, but a much-needed grade to give users every needed grade for every stage within the construction ladder of any project, with the same hallmark of quality to make sure that consumers get the best out of the standard within every grade bracket," said...
Dewan Cement makes changes in top management
Dewan Cement Ltd (DCL) has informed Pakistan Stock Exchange (PSX) about changes in top management. Company Secretary, Muhammad Hanif Germany stated in a bourse filing that Haroon Iqbal, Syed Muhammad Anwar, Ghazanfar Baber Siddiqi, Waseem-ul-Haque Ansari, Ishtiaq Ahmed, Muhammad Baqar Jafferi and Aziz ul-Haque have elected as the directors of the company. The new appointments have taken plac...
SCG sees 14% revenue increase from Cambodian operations
Thailand's Siam Cement Group has reported a 13.9 per cent YoY increase in sales revenue from its Cambodian operations in 2019, rising to US$451m from US$396m in the previous year. In the final quarter of 2019, sales advanced 17 per cent YoY to US$114m, driven by its cement and construction materials business, according to a press release. "Cambodia's economy continued to achieve robust gro...
JK Cement commissions 2.5Mta of grinding capacity
India's JK Cement has announced the successful commissioning of 1Mta of grey cement grinding capacity in Mangrol, Rajasthan, and 1.5Mta of the same in Aligarh, Uttar Pradesh. The company began commercial dispatches from the units on Monday, 3 February. Elsewhere, it has noted that the 0.7Mta split grinding unit project in Balasinor, Gujarat, is in an advanced stage of completion.
Lucky Cement wins International Corporate Social Responsibility Award
Lucky Cement Ltd received the International Corporate Social Responsibility Award in the category of "Green Environmental Stewardship", organised by The Professionals Network (TPN), at the 9th CSR Summit and Awards held on 30 Jan 2020 at a local hotel in Karachi, Pakistan. Lucky Cement Ltd received this prestigious award in recognition of its efforts to control carbon emissions into the atmo...
Hail Cement reports profit rise in 2019
Saudi cement producer Hail Cement has posted a net profit after zakat and tax of SAR59.7m (US$15.9m) in 2019 following a loss of SAR25m in 2018. The company increased its sales from SAR196m in 2018 to SAR274.4m in 2019.
Raysut Cement plans to acquire 75% stake in LafargeHolcim Maldives
Oman’s Raysut Cement Co has reportedly begun discussions to acquire a 75 per cent stake in LafargeHolcim Maldives. The board has approved the move in principle and the company is in talks to acquire the stake from Switzerland-based Cementia AG.
National Cement Co of Alabama breaks ground
National Cement Co of Alabama (Vicat group), has broken ground on its US$250m expansion of the plant in the Saint Clair County town of Ragland, USA. The expansion project is built adjacent to the company's existing plant on Highway 144. The expansion, expected to be completed by 2022, and the biggest economic project in a seven-county region of central Alabama. It is by far the town's biggest...
Qassim Cement sees net profit treble in 2019
Saudi Arabia-based Qassim Cement Co reported a 83.7 per cent increase in revenue to SAR781.9m (US$208.5m) in 2019 from SAR425.7m in 2018. The company net profit after zakat and tax nearly trebled to SAR360.7m in 2019. In 2018 it was SAR120.8m. The company attributes the improvements to a rise in sales and an increase in average selling price.
Cemex's Lloseta cement plant to become an aggregates facility
Cemex's closed cement plant in Lloseta, in Mallorca, Spain, has been passed by the Balearic Environment Commission to be adapted into an aggregates plant. Proposals for the site had been invited in May 2019, when the government made the site a Strategic Industrial Project. The best option has been to keep the Can Negret quarry operating and to grant approval for a new aggregates plant on the ...
Dominik von Achten appointed new chairman of HeidelbergCement
Dr Dominik von Achten becomes the new chairman of the Managing Board of HeidelbergCement on 1 February 2020. Dr Dominik von Achten, 54, will take over the chairmanship of the Managing Board of HeidelbergCement. He has been Deputy Chairman of the Managing Board since 2015, and succeeds Dr Bernd Scheifele, 61, who will step down from the role of chairman on 31 January 2020 after his third term ...
Tokyo Cement Co (Lanka) Ltd sees revenues fall in 4Q19
Tokyo Cement Co (Lanka) Ltd earned profits of LKR257m (US$1.42m) in the December quarter. Revenues fell 13 per cent to LKR8.2bn in the quarter, but cost of sales fell at a faster 23 per cent to LKR6bn, helping grow gross profits 32 per cent to LKR2.2bn. In addition, distribution expense grew 18 per cent to LKR1.05bn. Sri Lanka has cut value added tax on cement, but also tightened price contro...
Revati Cement plans 3Mta unit in Madhya Pradesh
India’s Revati Cement has announced plans to set up a greenfield integrated cement plant in Satna, Madhya Pradesh. The project is expected to have a cement and clinker capacity of 3Mta and 2.5Mta, respectively, while also using a 45MW captive power plant. The company is reportedly awaiting environmental clearance for the project.
Wonder Cement launches new grinding unit
India’s Wonder Cement has launched operations at its new 2Mta grinding unit in Bhadnawar, Madhya Pradesh. This plant will be followed by the commissioning of another grinding unit in Jhajjar, Haryana, later this year, with both projects representing a total investment of INR8bn (US$112.09m). The clinker for the plant will be supplied from the company’s production facility in Nimbahera, Rajas...