Cement News tagged: Corporate
BGC Cement acquires land for new depot
BGC Cement is in the final stages of acquiring two industrial lots in West Kalgoorlie, Australia, which will become a major new depot for storage and distribution of cement. Construction of the project was due to begin in 2017, according to the Kalgoorlie Miner. "Having now almost settled our land acquisition, we are confident that development will begin in the second quarter of 2018," said...
LafargeHolcim launches its Growth & Performance Organisation
LafargeHolcim's new Growth & Performance organisation will support the execution of market strategies with the aim to support the growth of profitable businesses, leading in sustainability and operational performance. Miljan Gutovic will lead the Marketing & Innovation department supporting the growth strategy, commercial excellence, ready-mix performance, innovation, and research & develop...
Gujarat Sidhee Cement commissions WHR plant
Gujarat Sidhee Cement has commissioned a 5.5MW waste heat recovery unit at its plant in Sidheegram, with effect from Sunday. Elsewhere, the company reported positive results for the 3Q17, with sales rising 21.2 per cent YoY to finish at INR1.28bn (US$19.78m). Net profit reached INR46.2m, compared to a net loss of INR43.5m seen in the year-ago period.
Gharibwal Cement earns PKR752m in 1HFY17-18
Gharibwal Cement Ltd (GCL) has announced its financial results for the half year ended 31 December 2017. It reported a profit after tax of PKR752m (US$6.7m) compared to PKR1.112bn, a fall of 32 per cent YoY. According to a notification of the company to the Pakistan Stock Exchange (PSX), GCL's sales decreased to PKR5.47bn from PKR5.52bn during this period. It incurred a distribution cost o...
Power Cement announces increase in sales
Power Cement Ltd (PCL) has announced a fall of 18 per cent YoY in profit after tax for the half year ended 31 December 2017. According to a notification to the Pakistan Stock Exchange on 26 February, PCL's sales increased by 1.5 per cent to PKR2.09bn (US$18.85bn) compared to PKR2.06bn, recorded in the corresponding period last year. PCL incurred a distribution cost of PKR67m against PKR54m ...
ACC and Ambuja place merger on hold
ACC Ltd and Ambuja Cements Ltd have placed their proposed merger on hold due to constraints related to the transfer of mines under current laws, reports the Hindustan Times. "The current regime on transfer of mineral concessions is still evolving and does not provide for a merger currently," said a spokesperson for ACC. "Given the challenges of achieving such transfers across 18-20 states,...
Kohat Cement profits fall by 25% in 1HFY17-18
Kohat Cement Co Ltd (KCCL) has announced a fall of 24.9 per cent in profit YoY for the half year ended 31 December 2017. KCCL reported a profit after tax of PKR1.644bn (US$4.6m) compared to PKR2.19bn (US$6m), earned in corresponding period last year. According to a notification of company to Pakistan Stock Exchange (PSX) on 26 February, its sales dropped by four per cent to PKR6.867bn fro...
Duraton Cement distributes its first cement
Asian Fine Cements Ltd has has launched its own flagship brand, Duraton Cement, having invested in a 1.5Mta greenfield cement plant in Rajpura, Punjab, India. Duraton Cement dispatched its first consignment of cement to the local Gurdwara in Rajpura and Mansa Devi Temple in Chandigarh. Following this, it will dispatch its cement to more than 100 dealers across Punjab, Haryana, Chandigarh an...
Birla Corp to increase availability of premium product
Birla Corp is planning to roll-out its premium-brand product, Perfect, across all regions of India apart from the South. The cement is manufactured at Reliance Cement Company’s Maihar plant, which has a strategic logistical advantage, according to India Info Online. Perfect contributed 16.6 per cent to the company’s consolidated turnover in the 3QFY18, which translates to INR2.3bn (US$35.5...
Raysut Cement reports negative results for 2017
Oman-based Raysut Cement Company has reported negative sales revenue and net earnings results due to competition from UAE producers and ongoing socio-economic disturbances in Yemen, according to the Times of Oman. "There has been severe competition across markets, coupled with socio-political disturbances in Yemen. Unabated supply of cement from the UAE due to surplus capacity and price decl...
QNCC to increase capacity in 2H18
Qatar National Cement Company (QNCC) is expected to increase its production capacity by 5500tpd during 2H18, due to the start-up of a new plant later in the year. The company also announced that its total production of OPC and SRC cement decreased to 3.5Mt in the 2017 full-year period, compared to 3.7Mt of the previous year. Similarly, cement sales fell 8.1 per cent YoY to 3.4Mt from 3.7Mt....
AshakaCem to complete 16MW power plant in 2019
Nigeria’s AshakaCem (LafaregHolcim group) is constructing a 16MW power station for completion in early 2019. The NGN11bn (US$30.55m) project began in 2017 and is expected to be completed in January 2019, AshakaCem's Managing Director, Rabiu Abdullah Umar, said at a news conference in Gombe. The power plant is also expected to boost the operational efficiency and tackle the high energy cost ...
Dewan Cement reports 1% profit rise in 1HFY17-18
Dewan Cement Ltd (DCL) has announced its financial results for the half year ended 31 December 2017. It reported a profit after tax of PKR550m (US$4.96m), c ompared to PKR476m (US$4.29m) in the corresponding period last year – representing a growth of 15.5 per cent YoY. According to a notification of company to Pakistan Stock Exchange (PSX), the company's sales increased to PKR6.45bn ...
LafargeHolcim acquires Kendall Group
LafargeHolcim has acquired UK-based aggregates and ready-mix concrete manufacturer Kendall Group to expand its operations in the south of England. Kendall will be managed by Aggregate Industries and complement the company’s existing operations in the UK, according to LafargeHolcim. Kendall generated a net revenue of CHF33m (US$35.2m) in 2017 and marks the first deal of the year for LafargeHol...
CMS sees 27% rise in earnings
Cahya Mata Sarawak Bhd (CMS), Malaysia, saw its earnings rise 27.2 per cent to MYR215.2m (US$55m) in the financial year ended 31 December 2017 from MYR169.2m in 2016 although earnings in 4Q17 were lower. Earnings related to the company’s four divisions: cement, construction and road maintenance, cosntruction materials and trading, and property development. Total revenues in 2017 increased b...
Fecto Cement plans greenfield project
Pakistan-based Fecto Cement Ltd has announced plans to construct a 6000tpd greenfield plant and a 9MW waste heat recovery (WHR) power plant in Palai, Khyber Pakhtunkhwa. The decision to expand was undertaken following the receipt of an exploration licence for limestone mining and to meet the growth in cement demand. Elsewhere the company modified its Sangjani plant by replacing coal dosing ...