Cement News tagged: Corporate
Najran Cement resumes production at 6500tpd line
Saudi Arabia’s Najran Cement has temporarily suspended operations of its second production line. However, it will resume production at its 6500tpd third line from 1 July due to a decrease in its clinker inventory, according to Reuters. The change in production lines is also expected to increase operational efficiency and decrease fixed costs in the FY19 by SAR5.7m (US$1.52m).
LafargeHolcim Côte d'Ivoire starts e-commerce orders
LafargeHolcim Côte d'Ivoire and e-commerce site Jumia have come together to offer the Ciment Bélier brand of cement online from Friday, 21 June 2019. "This online store is intended exclusively for individuals and small entrepreneurs who wish to have a better quality and cost control of their construction work," said Xavier Saint Martin Tillet, LafargeHolcim Côte d'Ivoire CEO. "This partners...
CRH announces Board change
CRH has announced that announces that Non-Executive Director Bill Teuber intends resign from the CRH Board with immediate effect for personal reasons. Commenting on the news, CRH Chairman, Nicky Hartery said, "On behalf of the Board I would like to thank Bill for his commitment to CRH, and in particular for his service as Chairman of the Audit Committee. We wish him every success in the futu...
Padeswood to host open day to celebrate 70th birthday
Padeswood is celebrating its 70-year history wth an open day for members of the public on Saturday, 29 June 2019. The Hanson UK (HeidelbergCement Group) factory near Mold, Wales, will be raising funds for The Wales Air Ambulance and Action for Children, North Wales. The plant is currently undergoing a GBP24m modernisation programme to enhance cement capacity, including three new cement silos ...
Xuan Khiem Group seeks approval for new 2.3Mta plant
Vietnam’s Xuan Khiem Group is seeking approval from the prime minister to build a new 2.3Mta facility in Hoa Binh province at an investment of VND4.99trn (US$214.16m), according to Vietnam News. The Xuan Son project is scheduled to complete in 2020, with the plant expected to cover 38ha of land in Yen Thuy district. At the end of last year, the company signed a Memorandum of Understanding wit...
International Cement fails to receive SGX acquisition approval
International Cement Group (ICG) has failed to receive approval from the Singapore Exchange (SGX) for the complete acquisition of Schwenk Namibia , valued at US$104.4m, according to Business Standard. The exchange has stated that the acquisition does not satisfy a requirement for the target business to be profitable. SGX also noted that ICG does not have sufficient cash resources to fund th...
Lafarge Africa narrows loss to NGN8.8bn in 2018
Lafarge Africa reported a NGN8.8bn (US$24.4m) loss in 2018, compared with NGN34.39bn in the previous year. The company’s audited results have been released, showing revenue of NGN308bn, up from NGN299bn in 2017. Finance costs increased to NGN45.973bn from NGN43.217bn, while loss before tax reached at NGN19.508bn. A tax credit of NGN10.707bn reduced the loss after tax to NGN8.802bn. Lafarge ...
Livetouch International seeks production increase
Zimbabwean cement producer Livetouch International, part of Diamond Cement, plans to increase its cement capacity utilisation rate from the current 45 per cent. The Redcliff-based company has a 0.5Mta plant but has been operating at low capacity rates due to a shortage of raw materials, according to The Herald. The company’s CEO, Don Wang, said the company had been relying on competitors s...
VICEM reports 5% rise in 1H sales
State-owned Vietnam Cement Industry Corp (VICEM), the country’s leading cement producer, is estimated to have sold 14.98Mt of cement and clinker in the first half of 2019, representing a five per cent YoY increase. The total includes 13.1Mt of cement, up 11.4 per cent YoY, and 1.87Mt of clinker, a 25 per cent YoY drop. In the 1H19 VICEM’s pretax profit is estimated to have surged 62.3 per ...
Cemento Inka expects to start Pisco construction in August
Peru-based Cemento Inka plans to start the civil works for its new 0.7Mta grinding plant in Pisco in August. The US$20m project is expected to take 12 months to complete with commissioning due in the 2H20, according to the company’s Director and Marketing Manager, Carlos Alberto Choy. Output from the plant will be sold in the markets of Ayacucho and Apurímac. The company is reportedly also ...
Bulgaria’s Zlatna Panega swings to BGN2.7m net profit
Titan-owned Zlatna Panega Cement reported a non-consolidated net profit of BGN2.7m (US$1.6m) in 2018, a significantly-improved result when compared with the non-consolidated net loss of BGN-6.8m the previous year. The Bulgaria-based cement producer saw its sales revenue increase 8.6 per cent to BGN90.5m from BGN83.3m in 2017 on the back of a 17.1 per cent YoY rise in cement sales from BGN63....
New US$400m cement plant in Jizzakh, Uzbekistan
UTD Cement, a joint venture of two Germany-based companies and a private investor, will build a US$400m cement plant in Farishky district, Jizzakh, Uzbekistan. Construction of the new 4Mta works will take place in 2019-21 on a 74ha plot. The plant will provide employment for 1500 people. In terms of output, plans are for the production of 0.98Mt of M500 cement, 1.22Mt of M600 cement, 0.94M...
Cimburkina inaugurates second mill at Kossodo
Cimburkina, part of HeidelbergCement, inaugurated its second grinding unit on 18 June at its Kossodo plant in Ouagadougou, under the patronage of Prime Minister Christophe Joseph Marie Dabiré and Burkina Faso’s Head of State, Mogho Naba Baongo. The ceremony took place in the presence of the country’s Minister of Commerce, Industry and Handicrafts, harouna Kaboré. The project includes a 150tp...
Vicem Hoang Mai to build 3Mta plant in Nghe An
Vicem Hoang Mai Cement JSC plans to build a 3Mta cement plant in Vietnam’s central province of Nghe An. Covering 60ha in the Hoang Mai 2 Industrial Zone, the project represents an investment of VND6.67trn (US$286m) and is expected to create 500 local jobs. During a meeting in May, the chairman of the provincial People's Committee, Thai Thanh Quy, granted approval in principle for the inves...
Eagle Cement faces Malabuyoc plant delay
Eagle Cement Corp said the opening of its cement plant in Malabuyoc in Cebu, Philippines, will be delayed following issues in receiving the required permits for its construction. Eagle Cement President and CEO, John Paul L Ang, said the opening of its fourth cement line will be postponed by more than six months from its original end-2020 commissioning date. "Despite the setback, we are stil...
Tourah Cement halts production due to oversupply
Egyptian cement producer Tourah Cement, owned by Heidelberg Cement, has suspended production as a result of oversupply in its domestic market. The company is considering liquidation. “Estimated cement consumption during 2019 will end at around 50Mt while total capacity of all competitors stands above 85Mt,” Tourah Managing Director, Jose Maria Magrina, said in a letter to employees last week...