Cement News tagged: Corporate
Hamma Bouziane achieves 95% production target
GICA-owned Société des Ciments de Hamma Bouziane (SCHB) in Constantine, Algeria, has achieved “up to 95 per cent of its production target” for 2019. "The SCHB has not registered a decline in its activities and its production objectives are met 95 per cent and any delay recorded due to maintenance periods is caught up," said the SCHB President and CEO, Mustapha Kebbous.
Thatta Cement announces new chairman
Pakistan’s Thatta Cement Co Ltd has announced that a new chairman has been appointed. Naheed Memon will succeed Khawaja Muhammad Salman Younis in the role, with effect from 23 September 2019. Elsewhere, the company recently announced a 40 per cent profit decline in the FY19 .
HeidelbergCement Trading appoints new COO
Gulgun Dokuz, currently general director of trading, Asia-Pacific region, has been appointed as chief operations officer (COO) of HeidelbergCement Trading (HCT). Gulgun Dokuz is appointed as the new COO of HeidelbergCement Trading In her new role, effective as of 1 October 2019, Gulgun Dokuz will be responsible for the operational leadership for all trading and shipping activ...
Crown Cement appoints new CEO
Crown Cement Group of Bangladesh has appointed Mukter Hossain Talukder as its new chief executive officer (CEO). Mr Talukder was previously the group's chief operating officer. Talukder also served Aman Group, Rangs Group and Social Marketing Company in key positions. He obtained a master's degree on accounting and information science from the University of Dhaka. He is also a fellow chartere...
Votorantim Cimentos reports positive 2Q net results
Votorantim Cimentos saw its consolidated net revenues from goods sold and services rendered increase 3.7 per cent to BRL5.822bn (US$ 1.403bn) in the first half of 2019 when compared with the 1H18 when net sales reached BRL5.612bn, according to a company statement. However, as cost of goods sold and services rendered was up 5.8 per cent from BRL4.724bn in the 1H18 to BRL4.997bn in January-Ju...
CRH appoints chairman designate and a non-executive director
CRH plc has appointed Richard Boucher as chairman designate on 25 September 2019. The Board has also appointed Johan Karlström as a non-executive director, with effect from 25 September 2019. Mr Boucher will succeed the present chairman, Nicky Hartery, on 1 January 2020. Mr Hartery, who has been chairman since May 2012 and a board member since 2004, will retire as chairman and from the Boar...
Wonder Cement appoints Sanjay Joshi as executive director
India-based Wonder Cement, part of the RK Group, has appointed Sanjay Joshi as executive director. Mr Joshi is a chemical technologist, and an alumnus from IIM Calcutta and second-rank holder from UDCT, University of Mumbai. He has led multiple businesses across industries, including the building materials and paints sectors before joining the cement industry. "A firm believer in leading by...
LafargeHolcim Maroc announces net profit up 9% in 1H19
LafargeHolcim Maroc has reported sales of MAD3.89bn (US$401.4m) in the 1H19, up 0.2 per cent YoY. The company’s operating profit increased 10.6 per cent YoY to MAD1.65bn while net consolidated profit appreciated 8.6 per cent to MAD965m. Return on capital investment reached 11.6 per cent. "Cement volumes are up 2.1 per cent in a market due to low rainfall at the beginning of the year, while ...
Ararat Cement suspends construction of Kapan mill
Armenia’s Ararat Cement has announced that it will be suspending construction of a grinding mill in Kapan, in the southeast of the country. The decision follows public opposition to the plans over the past two years, according to Arm Info. "The board of directors of the multi-group concern, taking into account the opinions of the owner of the concern, Gagnka Tsarukyan, about the need to take...
Dewan Cement posts losses in FY19
Dewan Cement Ltd (DCL) of Pakistan has announced its financial results for FY19 today. DCL incurred a net loss of PKR275m (US$17,608) as compared to profit of PKR902m earned in the same period last year. Apparently, decline in sales and increase in taxes, induced the profit to fall during the reporting period. DCL incurred a lesser distribution cost to PKR139m against PKR156m experienced in ...
LafargeHolcim creates Chief Sustainability Officer position
LafargeHolcim has created its first Chief Sustainability Officer position as part of its executive committee, with Magali Anderson appointed to the role effective from 1 October 2019. "I am very pleased with the appointment of Magali as our first Chief Sustainability Officer. This will accelerate our vision of running our operations with zero harm to people and contributing to a built envir...
Holcim Philippines inaugurates new facilities at Bulacan unit
Holcim Philippines has inaugurated new storage and loading facilities at its plant in Norzagaray, Bulacan, which it hopes will help boost production. The additions include a new warehouse with six loading bays and new packing and loading machines. "This is the third site we are holding inauguration activities at this year as our company continues investments to strengthen our ability to supp...
EAPCC dismisses all top managers
East African Portland Cement Co (EAPCC) has dismissed all of its top managers as part of a restructuring plan that will see the cement producer sell 2000 acres of prime but unused land in Mavoko, Machakos, Kenya, to boost its finances. A total of 136 supervisors and managers were issued with dismissal notices last week although it is expected to rehire some of them on 40 per cent of their pr...
Lafarge Malaysia shareholders vote down RPTs with YTL Cement
Minority shareholders of Lafarge Malaysia have voted down a plan to enter into recurrent related party transactions (RPTs) with YTL Cement, estimated to be worth about MYR3.5bn (US$837.92m). The proposal was rejected by 76 per cent of the shareholders, according to a bourse filing. The RPTs would have allowed Lafarge to deal with YTL on the sale and purchase of clinker, cement and pulverised...
Thatta Cement profit falls by 40% in FY19
Thatta Cement Co Ltd (THCCL) of Pakistan has announced its financial results for FY19. It declared earning of net profit of PKR213m (US$1.36m)(unconsolidated) as compared to PKR356m earned in the same period last year. The company's profit dropped by 40.2 per cent despite increase in sales, which stood at PKR3.468bn compared to PKR2.842bn in the same period last year. The company incurred ...
ARM and East Africa Portland's forced to cease production
Both ARM and East Africa Portland Cement are experiencing major operational challenges that have inhibited their ability to produce any cement. "ARM Cement and East African Portland Cement Company, are currently experiencing some problems that have led to ceasing of production," said Apex Capital. The court battle between Rai Cement and National Cement has stalled the sale of ARM and Stanic ...