Cement News tagged: Corporate
Hongshi Shivam Pvt Ltd employs local Nepalis for plant development
The development of the Hongshi Shivam Cement Pvt Ltd plant in Nepal has provided employment to more than 1000 Nepalis directly or indirectly, according to My Republica. The plant workers earn a minimum of NPR20,000 (US$194) per month and the company has spent NPR128m on the salary of local workers so far. A portion of the employees are currently building a resettlement site for 26 families ...
Lucky completes 1.3Mta expansion line in Karachi
Lucky Cement has informed the Pakistan Stock Exchange (PSX) on 18 December that construction and installation work for its 1.3Mta brownfield kiln line at its Karachi plant in Sindh province, Pakistan, has been successfully completed on time. A bourse filing of company says: "The new line was made operational with commencement of clinker production on 12 December 2017. With the addition of ...
Holcim Argentina to invest US$120m in Malagueño
Holcim Argentina has announced a US$120m investment to raise cement capacity at its Malagueño plant by 45 per cent. The expansion project includes the reconstruction of a complete clinker line and a new cement mill as well as the refurbishment of the dispatch lines. The implementation of the expansion is expected to start in early 2018. Some 0.73Mta of capacity will be operational by 20...
Bamburi Cement suspends plans to switch to solar power
Bamburi Cement has put its plans to switch to solar power on hold, reports Standard Digital. The high cost of the project has left the company to resort to other methods to reduce its rising energy expenses, such as using waste tyres for fuel. Bamburi Cement spends KES2.4bn (US$23.2m) annually on electricity to run its two plants in Mombasa and Nairobi. These figures make it the second-hig...
LafargeHolcim plans PLN150m investment in Kujawy
LafargeHolcim intends to invest PLN150m (US$42m) in alternative fuel-related projects in its Cementownia Kujawy cement works in Poland. The company will modify the clinker line to burn alternative fuels and improve product quality. The investment will also include the construction of new cement loading terminals and the launch of a fully-automated laboratory.
Uzbekistan’s Kuvasaycement sees 3% revenue increase
Kuvaysaycement JSC saw its revenues increase by 3.4 per cent in the first nine months of 2017 to UZS236.7bn. However, the company saw its cost of production increase by 7.5 per ent to UZS93.5bn during the period. EBITDA fell by 34.1 per cent to UZS81bn. Kuvaysaycement produces sulphate-resistant Portland cement SSPTS 400 D20, Portland cement with mineral additive PC 400 D20 as well as P...
Cemex receives environmental approval for Solid Cement expansion
Ceemex has been given the all clear from the Department of Environment and Natural Resources (DENR) for the its proposed expansion of its cement plant the Antipolo City, Rizal, Philippines. The Solid Cement Corp (SCC) plant will be expanded by 1.5Mta, doubling cement capacity at the facility with the new line. Cemex Holdings Philippines (CHP) signed a contract with CBMI Construction Co...
Invesa to consolidate Bío Bío majority
Chile’s Inversiones y Desarollos (Invesa) officially launched a public offer to acquire 54,208,259 shares in Cementos Bío Bío. In November Invesa acquired a 13.1 per cent stake in the cement producer from Brazil-based Votorantim for around US$46m, increasing its total share to 39.51 per cent. Taking into account the shares held by other Invesa businesses, the group would raise its stake...
LafargeHolcim to change management structure
LafargeHolcim has announced that its 30 largest country organisations will now report to its Executive Committee and that its global business functions will be merged under one leadership, to create a more agile management system. Therefore the Executive Committee at the company will be reduced to nine members, resulting in several new appointments. The appointments will become effective from ...
DG Khan victim of fake news social media story
DG Khan Cement Co Ltd asks for an investigation into fake news item that alleged it was selling company shares in a cement plant to Anhui Conch. The Pakistan cement producer informed Pakistan Stock Exchange (PSX) that a letter titled "material information" stating permission of due diligence to Anhui Conch Cement Co Ltd, China for acquiring 40 per cent shares of DG Khan Cement Co Ltd was a ...
HeidelbergCement to sell calcium silicate unit business
HeidelbergCement has signed an agreement with H+H International A/S and its subsidiary H+H Deutschland GmbH to sell its calcium silicate unit business (HDKS), according to a press release. The transaction has a value of about EUR110m (US$129.6m) and is expected to be completed within the 1Q18. "HDKS has a strong market position in the North-East and South-West of Germany as well as in Switz...
LafargeHolcim withdraws from further talks with PPC
LafargeHolcim has ended talks with South Africa’s PPC about a potential deal, said the Swiss cement producer in a brief statement. The step comes only a day after Canada’s Fairfax Africa Investments Proprietary Ltd pulled out its attempt to buy 23 per cent of the South African cement producer and a week after CRH exits talks with PPC.
GCC reports record 11M cement sales
Grupo Cementos de Chihuahua SAB de CV (GCC) reports total cement sales volumes for the company reached almost 4Mt for the January-November period, a new record for the company. GCC's total cement sales volumes increased 18.2 per cent in the first 11 months of 2017, after strong cement sales in October and November in the USA. GCC's Chief Executive Officer, Enrique Escalante, said: "GCC re...
Loma Negra to invest US$350m in new L'Amali line
InterCement-owned Loma Negra will invest US$350m in a brownfield expansion of its L'Amali plant in Olavarría, Buenos Aires province, Argentina, the company announced in a meeting with the President of Argentina, Mauricio Macri. The investment will boost the company's domestic capacity by 40 per cent. The new production line, which will add 2.7Mta of annual capacity, will consist of a new s...
Fauji Cement announce plans for greenfield project
Fauji Cement Company Ltd (FCCL) has announced plans to set up a greenfield project. The Pakistan-based company currently operates a 3.43Mta cement plant in Jhang Bahtar, Attock District. Fauji Cement achieved 85 per cent capacity utilisation in the first quarter of FY2017-18, an increase from 72 per cent recorded in the year-ago period. The company also reported a rise in local dispatches...
Cementos Argos, Cemex and Holcim fined COP200bn
Colombia has fined Cementos Argos, Cemex and Holcim over COP200bn (US$66m) for fixing prices, according to Reuters. The fine has been applied to the companies and some of its managers. In total, the companies represent 96 per cent of Colombia’s cement market and allegedly agreed to set prices between January 2010 and December 2012. Cement prices in this period increased 29.9 per cent whilst...