Cement News tagged: Corporate
Cemex Latam Holdings inaugurates Guatemala expansion
Cemex Latam Holdings has inaugurated its expanded Arizona cement works in Guatemala. The project represents an investment of US$3.7m and will enable the plant to increase its production by 10 per cent to 0.545Mta. In addition, the plant’s bagging facilities have been upgraded from 65tph to 95tph. Jaime Muguiro, managing director of Cemex Latam Holdings, said that Guatemala has become a ...
Lafarge-Algérie's Oggaz plant ups output 10%
Lafarge-Algérie's Oggaz cement plant increased its cement output by 10 per cent in the last quarter to meet the country’s growing cement demand, according to plant manager, Jean-Louis Sibiede. In the past three months, the works produced 0.953Mt, including 0.844Mt of grey cement. The company converted part of the plant’s white cement production lines to produce grey cement to meet growin...
Semen Indonesia approves 2016 cash dividends
State-owned cement manufacturer Semen Indonesia will distribute cash dividends worth IDR304.92/share from its 2016 fiscal year. The total dividends that will be distributed amount to IDR1.8trn, or the equivalent of 40 per cent of the company’s 2016 net profit of IDR4.52trn. Rizkan Chandra, president director of Semen Indonesia, said the dividend plan was approved by the company’s sharehol...
New Zimbabwe plant begins production
Chinese company Livetouch Investments, has started production at its 400,000tpa capacity plant in Redcliff, Zimbabwe. Construction of the plant is part of Phase One of the company’s project. Managing director and co-shareholder Dongning Wang told The Herald Business (Zimbabwe) that the plant had started operations at 70 per cent of its capacity on a trial basis. The plant uses slag from...
Cemex requests new authorisation to increase capacity in Colombia
Cemex Latam Holdings has announced it will present a new application for an environmental permit which would enable the Mexico-based cement producer to increase capacity at its Maceo plant in Antioquia, Colombia. The plant, which represents an investment of US$340m, is authorised to produce 0.25Mta at present. Earlier the company had applied to raise plant capacity to 0.95Mta, but the reque...
India: Udaipur Cement Works starts commercial production
Udaipur Cement Works has completed its rehabilitation programme at its Udaipur cement works and started commercial production at the integrated works on 31 March 2017. The plant has commenced clinker and cement dispatches since.
Semen Indonesia appoints former intelligence chief Sutiyoso
PT Semen Indonesia has appointed former Jakarta governor and State Intelligence Agency (BIN) director, Sutiyoso, its president commissioner. Sutiyoso served as BIN chief under President Joko Widodo’s administration and previously led the Indonesian Justice and Unity Party (PKPI). The appointment comes at a time of public protest against the building of the company’s new factory in Rem...
Cemex publishes report on environmental and social achievements in 2016
Cemex has published its first integrated report , covering 2016. The report brings together the information that the company had in published in separate annual and sustainability reports in previous years. The integrated report thus covers both Cemex’s financial performance for 2016, which the firm had already released in February , and its work in other areas, including its efforts to i...
Taiwan: Chia Hsin Cement sees 11% revenue rise, pretax profit drop
Chia Hsin Cement Corp of Taiwan reported an 11 per cent rise in revenues to TWD3.14bn (US$103.3m) in 2016 when compared with TWD2.83bn in 2015. However, pretax profits dipped 59.4 per cent from TWD194.9m in 2015 to TWD79.2m the following year. Net profits reached TWD24.89m.
LafargeHolcim opens Construction Development Lab in Morocco
LafargeHolcim has opened a new Construction Development Lab (CDL) in the Moroccan city of Casablanca. The laboratory, the firm’s eighth, joins those in Algeria, Argentina, China, France, India, Malaysia and Mexico and will specialise in developing construction solutions adapted to the particular needs of the local and wider African markets. The CDL will employ 50 engineers, architects an...
Sika opens new cement plant in Coatzacoalcos
Sika announced the opening of a new mortar cement factory in Coatzacoalcos, Veracruz, Mexico. The new plant will also start production of concrete additives previously owned by the company in Villahermosa, Tabasco, according to a company statement. "The new production site in Coatzacoalcos will strengthen our position in one of Mexico's four major business centres,” said José Luis Vázquez, ...
InterCement for sale?
Once again, there is speculation that Camargo Corrêa, the Brazilian conglomerate, is seeking to dispose of InterCement, its subsidiary and controlling shareholder of Cimpor SGPS. In mid-2015 the indebted Camargo Corrêa, which derives 42 per cent of its revenues from InterCement, had looked to sell a stake in the subsidiary, and more recently new suitors have emerged. To reduce its net debt...
India: ACC Cement announces capex plan of INR6bn for 2017
ACC Cement have announced a capital expenditure plan of INR6bn (US$92.4m) for the coming financial year, CEO and Managing Director, Neeraj Akhoury, said at the company's annual general meeting. Mr Akhoury said the outlay will be used for various projects. The company reported a profit of INR6.04bn for the year ending 31 December 2016, up from INR5.87bn in 2015 and registering a growth in pr...
Pakistan: Gharibwal Cement to site new plant in Haripur
In an announcement to the Pakistan Stock Exchange, Gharibwal Cement has said that has been awarded a licence to prospect for limestone in Haripur district with a view to establishing a new cement plant. On 29 March Gharibwal was among 14 firms that were given permission by the government of Khyber Pakhtunkhwa to establish a new cement plants in the province. Today’s announcement indicates t...
Gornozavodsktsement FY16 net profit down to RUB370.8m
Gornozavodsktsement reported a -9.9 per cent drop in revenues to RUB3.65bn (US$64.7m) in FY16 vs RUB4.05bn in FY15, according to Russian accounting standards. FY16 net profit fell -45.4 per cent YoY from RUB679.3m to RUB370.8m.
Canada: McInnis's transport network progresses
McInnis Cement is actively developing its distribution network that will support the delivery of cement to its customers. Commercial operations are scheduled to begin this spring. "As the work continues with the intensity required to start our plant operations on time, our team is working extremely hard to complete the final pieces of the puzzle for both logistics and distribution," said Mc...