Cement News tagged: Corporate
Shree Cement to acquire 93% stake in Union Cement
Shree Cement Ltd announced on Thursday that it had agreed to acquire a 92.83 per cent stake in Union Cement Co PSC, for an enterprise value of US$305.24m, according to the Hindustan Times. The deal will increase Shree Cement’s capacity to 33.3Mta from 29.3Mta, and is expected to be concluded within nine months. Shree Cement has the option to take full control of the company’s shares, said ...
Fishermen affected by Myanmar cement plant operations
Mawlamyine Cement plant has been on the receiving end of anger from local fishermen who claim that the plant is destroying their livelihood. Mariana Container Lines (MCL) has been transporting coal and raw materials for cement production along the Attrayan River, which has caused problems for the fisherman as they have been forced to wait for the vessels to pass before they can fish. The iss...
Cemex to restructure Puerto Rico operations
Following its significant fall in domestic cement sales, Cemex Puerto Rico has announced changes to its operations effective this month. While the company did not disclose further details about the number of dismissals, it aims to protect the highest number of jobs possible. The cement producer will also modify operations at its Ponce works, which will operate as a grinding unit. Ce...
Beumer launches new product to Indian market
Beumer India Pvt Ltd launched its new cement packing machine to the Indian market at an event held at the company’s production facility in Gurgaon last month. The machine was unveiled by Dr Detlev Rose, chief sales officer, Beumer Group. The Beumer fillpac® R is a rotary packer designed with improved weighing accuracy, auto-correction and auto-changeover features, according to the company. T...
Big Boss Cement launched in Manila
A new cement business, Big Boss Cement Inc, was launched in Manila, Philippines, on Thursday, according to ABS-CBN News. The company plans to use lahar or other volcanic debris to produce cement, since the process requires less heat than conventional raw materials and therefore, will reduce CO 2 emissions. The chairman of Big Boss Cement, Henry Sy Jr, also serves as chairman of SM Prime Hol...
Attock Cement commissions new 1.2Mta line
Attock Cement Pakistan Ltd (ACPL) has started operations at its new 1.2Mta production line at Hub, Balochistan. The line brings the total capacity of the plant to 10,000tpd and represents and investment of US$130m, according to Dawn. The construction work was completed within 22 months with the help of Pakistani engineers. Alongside this project, the company also plans to install a 15MW WH...
Hurtado Vicuña on the verge of completing required divestment
Grupo Hurtado Vicuña is expected to be soon completing the divestment of a part of Cementos Bicentenario (BSA) assets, one of the main conditions imposed by Chile’s Fiscalia Nacional Economica (FNE) and its anti-competition authority, TDLC, in terms of the company’s acquisition of Cementos Polpaico shares. Certain sources suggest that offers have been received for the BSA assets and that du...
Vicem sees 3% rise in cement and clinker sales
State-owned Vietnam Cement Industry Corp (Vicem) reported sales of 26.6Mt of cement and clinker in 2017, representing a YoY increase of three per cent. Of the total, 23.6Mt were delivered to the domestic market, up four per cent YoY and a further 3Mt were exported. However, the company saw a five per cent fall in revenues to VND34.16tn when compared with the previous year. The cement pr...
Universal Cement Corp sees 14% revenue drop in December
Universal Cement Corp, Taiwan, has reported a 13.8 per cent YoY fall in December revenues to TWD399.796m (US$13.5m ) from TWD463.842m in December 2016, according to the Taiwan Stock Exchange. For the full year, revenues declined 4.7 per cent from TWD4.622bn in 2016 to TWD4.405bn in 2017.
Contractor wins LKR1m worth of Insee Sanstha cement
The grand prize of the ‘Athek Barata Cementhi’ campaign by Insee Cement has been won by a contractor based in Meerigama, Sri Lanka. Chandika Rajapakshahas has received the prize of LKR1m (US$6,501) worth of Insee Sanstha cement in a competition designed to reward loyal customers, reports the Daily Mirror. Alongside this, 45 other winners received LKR50,000 worth of Insee Sanstha cement in a da...
Multiple promotions for Lehigh Cement's Mitchell staff
HeidelbergCement-owned Lehigh Cement Co announced multiple promotions in key management positions. Quentin McGahey, former plant manager at the Mitchell cement plant in Indiana, is now Vice President, Cement Operations Northeast, based in Allentown (PA). McGahey joined Lehigh Cement Company in 2016 and has more than 22 years of experience in mining and cement manufacturing. McGahey also ser...
New 7500tpd line planned for Haripur
Pakistan Army's affiliated department Frontier Works Organization (FWO) plans to set up 7500tpd production line at Bandi Muneem, Haripur KPK, Pakistan. The organisation added that the department is in the process to appoint a consultant to render consultancy services for the proposed project. FWO is a major civil engineering construction company of Pakistan, which is expected to us...
Hsing Ta Cement reports 24% revenue rise in 2017
Taiwan-based Hsing Ta Cement has reported a 13.1 per cent rise in December revenues to TWD581.701m (US$19.64m) from TWD514.449m, according to the Taiwan Stock Exchange. For the full year, revenues increased 23.7 per cent from TWD4.346bn in 2016 to TWD5.376bn in 2017.
GICA announces production record for 2017
Algeria’s Groupe Industriel des Ciments d’Algérie (GICA) announced a production record of 13,950,660t in 2017. This reflects an 11 per cent rise in output when compared with 12,604,0045t reported in 2016. The sharp increase in production was attributed to the commissioning of the second line at Aïn El Kebira (Sétif) in 1Q17. GICA is expected to increase its production capacity to 20Mta ...
Dalmia Bharat Cement launches new product
Dalmia Bharat Cement has launched a new product, Dalmia DSP. The new cement is a premium-quality slag cement designed for the Dhalai process. It has been formulated for life-long stability and features a best-in-class one-day (+15MPa) and 28-day (+56MPa) strength, according to the Dalmia Cement website. To promote this new product, the company released a new advertising campaign featuring a...
Lafarge completes Holcim shares acquisition
Lafarge Surma Cement Ltd (LSCL) has completed the required documents to transfer the shares of Holcim Bangladesh Ltd (HBL) to LafargeHolcim Bangladesh Ltd. The step was part of the acquisition of HBL at a price set by the Bangladesh Bank, which announced a price of BDT5.05bn (US$60.8m) on 24 December 2017.