Cement News tagged: Corporate
Carthage Cement sale attracts foreign investors
Sale of a majority stake in Carthage Cement (Tunisia) has attracted a high level of interest from international investors. A block of shares, representing 50.52 per cent stake in the company, was offered for sale by the Tunisian government and a fellow shareholder by public tender on 15 December, 2017. At least six foreign investors have so far entered the pre-qualification round, and expre...
Monarch Cement appoints new president
Kent Webber has been appointed president of Monarch Cement Company, Kansas (USA). Webber has been with Monarch since 2013, first as the company’s subsidiary operations manager at Kansas Building Products in Wichita, and most recently as its executive vice president. He succeeds Walter Wulf, who earlier this month resigned as president. Wulf will continue his role as board chairman. The Mon...
Cementos Molins reduces price for LafargeHolcim Bangladesh to US$62m
Cementos Molins (Spain) has reduced the purchase price for LafargeHolcim Bangladesh to US$62m, compared to the US$117m originally announced in December 2016 for 100 per cent of the company, which owns three cement grinding units in the Asian country. The acquisition relates to the ongoing restructuring of Lafarge and Holcim assets in Bangladesh following the LafargeHolcim merger. Cementos Mol...
St Marys Cement halts production at Dixon plant
St Marys Cement has suspended operations at its plant in Dixon, Illinois, reports SaukValley. The plant currently employs 62 workers and the decision is expected to result in 41 job losses. The plant will stop manufacturing cement but continue the grinding process until the inventory is fully depleted, which is likely to be next summer. The decision arrived after the plant was noted to be a...
Paraguay’s INC to launch new cement
Industrial Nacional de Cemento (INC) of Paraguay will launch a new type of high-strength cement, CP II - C40 in February in the domestic market, according to INC President, Jorge Méndez. "With this new product we seek to gain other niches within the local market and thus also have presence with our brand," said Mr Méndez. At present, the company produces three types of Portland cement: C...
Dalmia Bharat to acquire Murli Industries
Dalmia Bharat is set to acquire the bankrupt Murli Industries, according to The Economic Times. The deal represents an investment of close to INR4bn (US$62.4m) by Dalmia. The company will also cancel almost the entire equity of Murli Industries. Dalmia won the bid on Wednesday, despite Gajanan Oil submitting a higher cash offer. Including interest and fines, Murli Industries had accumulate...
Bärtschi retires from CRH board
CRH plc has announced that Ernst Bärtschi has retired from the CRH Board with effect from 20 December 2017. CRH Chairman, Nicky Hartery, said, "On behalf of the Board I would like to thank Ernst for his commitment and service to CRH over the last six years, and wish him every success in the future."
Jidong Cement awards Mechel coal contract
Chinese cement producer Jidong Cement has awarded a 3Mt coal supply contract to Russian mining company Mechel. "Over the year Mechel will supply up to 3Mt of steam coal mined at LLC Elgaugol's Elga Open Pit Mine and JSC Yakutugol's Neryungrinsky Open Pit Mine,” said the Russian mining company in a statement. The Elga coal complex is one of the world’s largest untapped deposits with coal res...
Cementa applies for 30-year limestone quarry extension
HeidelbergCement-owned Cementa has submitted an application to continue its limestone extraction operations at Degerhamn. The application covers 15Mt of limestone in the next 30 years and Cementa has conducted extensive investigations into the potential impact of the operations on the area’s water supply and surrounding natural resources. "It only turns out to be a marginal impact on t...
Lipetskcement brings new logistics facility online
Lipetskcement, part of the Eurocement Group, has launched a new RUB600m (US$10.4m) production and logistics facility for packing, palletising and shipping of cement. The investment enables Lipetskcement to ship up to 10,000tpd of cement. The company has increased its loading rate of bulk cement trucks by more than five times. In the packing section, the bagging rate has more than doubled to...
Siam Cement Group plans to diversify products
Siam Cement Group (SCG) plans to diversify its products next year, according to the Jakarta Post. The company hopes to become more competitive in the market by applying technology and innovation to its products. “We want to compete by [introducing] more products and services,” said Nantapong Chantrakul, SCG country director for Indonesia. SCG has recently supplied construction materials...
Penna Cement Industries Ltd orders Loesche VRM
Penna Cement Industries Ltd has ordered a Loesche VRM for its plant in Boyareddypalli, Andhra Pradesh.The four-roller mill will grind petcoke with a throughput capacity of 52tph. The order will be fulfilled by Loesche at the beginning of next year. Penna Cement Industries has a total production capacity of 7Mta and is primarily active in the southern and western regions of India. The company...
UltraTech Cement receives award at NCCBM
UltraTech Cement received an award at the National Council for Cement and Building Materials (NCCBM) award ceremony on 8 December 2017. The Indian cement producer's Kotpuli Cement Works received the ‘Best Thermal Energy Performance for 2016-17’ award within the ‘Energy Efficiency’ category. Alongside this, the company’s Vikram Cement Works received second place within the ‘Quality Excellen...
UNTHA expands distribution in Japan
Shredding specialist UNTHA continues to expand in Asia, following the agreement of a new distribution partnership with Sun Earth, a leading technology provider in Japan's waste management industry. UNTHA’s Austrian manufactured shredding technology wil now be supplied to a number of sophisticated waste and alternative fuel production facilities throughout Japan. "We want to offer our cu...
Saurashtra Cement shuts down kiln for annual maintenance
Indian cement producer Saurashtra Cement has scheduled to start its annual kiln maintenance at its plant in Ranavav, Gujarat, from 8 January 2018. The process is expected to take around 20 days. However, cement grinding and dispatch departments will remain operational and no impact on sales volumes is anticipated.
Monarch Cement names Kent A Webber new president
Monarch Cement’s board of directors has appointed Kent A Webber as new president of the board. He succeeds Walter H Wulf Jr, who will remain as chairman of the board and director at the cement producer. He will share day-to-day decisions with Mr Webber and gradually transfer responsibilities to him. Kent A Webber started at Monarch Cement in January 2013, as subsidiary operations manager...