Cement News tagged: Corporate
Raysut Cement records 8% increase in revenue
Oman’s Raysut Cement Co has announced a 8.2 per cent YoY increase in revenue for the first quarter of the financial year, to OMR21m (US$54.62m) from OMR19.4m. However, total profit attributable to shareholders has fallen 85 per cent to OMR450,149, compared to OMR3.1m of the year-ago period. While sales volumes increased approximately 32 per cent during the period, a lower sales realisation ad...
East African Portland Cement Co to build inland container depot
East African Portland Cement Co wants to establish an inland container depot in Athi River to deliver imported raw materials to its plant via the standard-gauge railway. Managing Director. Simon Peter Ole Nkeri. said the move could ease costs of finished products and make Kenya-made goods affordable in east Africa and competitive on the global stage. "We heavily rely on imported raw mater...
Vicem Hoang Mai Cement receives approval to construct plant
Despite issuing a request to relocate last year, authorities of Vietnam’s Nghe An province have now granted approval for Vicem Hoang Mai Cement JSC to develop its Hoang Mai 2 facility in the area, according to Viet Nam News. Therefore, the company will construct the plant in the originally intended location of Hoang Mai 2 industrial park, Quynh Vinh commune. Once fully operational, the pl...
Coal delay sends NOCIBE cement price high
The ex-works price of cement leaving the Adja-Ouèrè plant of Nouvelle Cimenterie du Bénin (NOCIBE) has jumped from XOF61,880/t (US$116.69/t) to XOF73.780/t, according to Agence Benin Presse. The organisation has attributed the spike to a key coal cargo being held up in the port of Cotonou. The coal is due to be transported to the NOCIBE plant for use in clinker production.
Quinn Industrial Holdings records positive 2017
Quinn Industrial Holdings (QIH) has recorded a 7.4 per cent YoY increase in turnover to EUR209m for the full-year 2017 period. EBITDA saw a significant improvement of 31 per cent, from EUR18.2m to EUR23.9m. The positive results have been partly attributed to a strong performance from Quinn Building Products, which benefitted from the ongoing building recovery in the ROI and stronger exports...
Cemex Go is launched in the UK
Cemex UK has introduced the first fully-digital customer integration platform onto the UK construction and building market this week, which it claims will revolutionise the way in which the industry does business. Cemex Go uses the latest digital-industrial technology available through desktops and mobile devices to allow customers to place orders, track shipments, manage invoices and make p...
Dan Harrington to Head Cementir North America
Daniel Harrington will be heading up Cementir Holding’s Region North America following the company’s acquisition of Lehigh White Company. The newly-formed Region North America consists of the North American cement production and distribution operations of Lehigh White Ceemnt and the group’s existing US concrete products company, Vianini Pice Inc. Mr Harrington previously served as Presi...
Lafarge Africa records sales increase in 2017
A NGN33bn (US$105m) write-down on Lafarge Africa’s operations in South Africa and Nigeria resulted in a wider loss for 2017, according to Reuters. The one-off impairment charge resulted in a pretax loss of NGN34.03bn, a 32.9 per cent fall from the loss of the previous year. However, the company’s chief financial officer, Bruno Bayet, said that he expected 2018 to bring growth and that Lafarge...
FiCo Tay Ninh Cement to begin constructing second line
FiCo Tay Ninh Cement JSC (TAFiCO) will commence construction of the second line at its plant in Tanh Hoa, Tay Ninh province, on 15 April. The project represents a total investment of VND4800bn (US$210.6m) and will use European equipment. The kiln has been designed with a 4000tpd clinker capacity, which can be upgraded to 5000tpd in the future. The project is scheduled for completion in 202...
Dangote lured by coal reserves in Zimbabwe
Nigerian billionaire Aliko Dangote has renewed interest in pursuing his US$1.5bn investment in Zimbabwe, according to Naija 247 News. An advance team of geologists have been sent to Zimbabwe for 10 days to locate and survey potential coal deposits. The delegation is expected to meet President Mnangagwa and Mines and Mining Development Minister, Winston Chitando. Dangote is importing coal f...
OJSC Holcim (Azerbaijan) records net profit in 2017
OJSC Holcim (Azerbaijan) returned to profit within the full-year 2017 period, recording a net profit of AZN1.7m (US$1m). The proceeds from cement sales increased 37.1 per cent YoY, to AZN107m from AZN77.9m. Furthermore, the operating profit of the company tripled to AZN15.8m, according to Turan Information Agency. The shareholders have not decided on the profit distribution. As of 1 Janua...
Zambia to receive new 1Mta cement plant
Weye Construction Materials Ltd (WCM) plans to establish cement and quarry in Chilanga district, Zambia, at a cost of US$45m. The new plant will have a cement capacity of 1Mta, while teh limestone quarry is expected to have a lifespan of more than 20 years, according to an environmental impact assessment (EIA) report submitted to Zambia Environmental Management Agency (ZEMA) by WCM. WCM is r...
PPC considers expansion and possible sell-off in DR Congo
PPC Ltd's Chief Executive Officer, Johann Claassen, has vowed to boost liquidity and extend debt maturity and he's eyeing future expansion for the company in east and west Africa. New investment would follow a ZAR12bn (US$995m) outlay on five plants in the past five years, which took PPC into countries such as Ethiopia and the Democratic Republic of Congo. All are now in operation and gen...
Qassim Cement receives export licence
Qassim Cement Co has received a one-year export licence from Saudi Arabia’s Ministry of Commerce and Investment, said the company in a bourse filing. Saudi Arabia cancelled cement export duties from 1 February 2018. In March Yanbu Cement announced it will begin cement and clinker exports this month following the agreement to export 1Mt of clinker and 0.5Mt of cement.
Power Cement releases update on expansion project
Power Cement Ltd has released a progress report regarding its brownfield expansion project at its facility in Nooriabad, Pakistan, for the quarter ending 31 March 2018. The new 7700tpd line is expected to increase plant capacity to 3.5Mta, making the company the second-largest cement producer in the southern region. The site is positioned close to Sindh province and Karachi, with direct lin...
TCK reports 13% increase in operating revenue
Bosnian cement producer Tvornica Cementa Kakanj (TCK) recorded a 10.2 per cent YoY decrease in net profit for 2017, falling to BAM15.9m (US$10m) from BAM17.7m. However, the company’s operating revenue increased 12.7 per cent to finish at BAM70.2m, according to its annual financial report. Similarly, operating costs rose 13.1 per cent to BAM54.2m (2016: BAM47.1m). TCK is majority-owned b...