Cement News tagged: Corporate
UK: Hanson reopens GGBS grinding plant
Hanson has re-opened its ground granulated blast furnace slag (GGBS) grinding plant at Teesport Docks in Middlesbrough, UK, creating 20 new jobs. The plant was mothballed during the recession in 2009, but the upturn in construction activity prompted Hanson to reopen the site. The raw material was originally sourced from the nearby steel works, which has now closed. In future it will be import...
India: Ambuja net profit leaps 85% in 4Q16
LafargeHolcim-owned Ambuja Cement reported a 85.2 per cent rise in its consolidated net profit to INR2.057bn (US$30.7m) for the fourth quarter ended 30 December 2016 from INR1.11bn in 4Q15. Ambuja’s total income from operation almost doubled to INR49.362bn in the Oct-Dec quarter from INR23.843bn in the year-ago period, Ambuja said in a BSE filing. "During the year, Holcim India Pvt Ltd ...
Pakistan: Gharibwal Cement's energy-generating conveyor is operational
Gharibwal Cement Ltd informed Pakistan Stock Exchange (PSX) that its downhill conveyor belt project has now started commercial operations. The 3.15km-long conveyor belt can transport 1200tph raw material (crushed limestone, clay, silica, etc) from quarry to the pre-blending yard. said Company Secretary, Muhammad Shamail Javed. It is claimed that this conveyor belt is first of its kind i...
Indonesia: Kupang Cement to start work on new Kupang plant
Kupang Cement Indonesia's third factory in Kupang will soon be realised, according to the Governor of East Nusa Tenggara, Frans Lebu Raya. "The preparation phase has been completed. The groundbreaking ceremony is scheduled to be held on 10 March this year," he informed ANTARA in Kupang, Monday. He further stated that the new IDR2trn (US$1.49bn) plant will have a 1.5Mta cement capacity an...
India: Burnpur Cement to launch new PPC product
Burnpur Cement Ltd has informed BSE that the management has decided to launch new Pozzolan Portland Cement (PPC) from its Patratu plant by the third week of April 2017. After the production of PPC, the capacity utilisation of the plant will be running at 100 per cent and the turnover of the company is forecast to increase.
Paraguay: INC's Vallemi dryer online in March
Paraguay’s Industria Nacional de Cemento (INC) expects to commission the new pozzolana dryer at its Vallemi plant next month. In addition, work on the plant’s fuel conversion is also progressing well, having been completed 80 per cent, according to INC CEO, Jorge Méndez. The investment into the plant will enable it increase production, improve product quality and lower cement prices i...
Kuwait: Gulf Cement Co to produce oil well cement
Gulf Cement Co was granted a permit for the production of oil well cement from the American Petroleum Institute. Gulf Cement reported a 27.1 per cent fall in profits to KWD4.141m (US$13.56m) in FY16 from KWD5.683m in the previous fiscal year.
South Korea: preferred bidders named in US$567m Hyundai deal
Hanil Cement Company and LK Investment Partners have been named as the preferred bidders to acquire Hyundai Cement, reports South Korea's Pulse. The two firms submitted a bid of KRW650bn (US$567m) for an 84.56 per cent stake in Hyundai. The acquisition would make Hanil Cement the largest producer in South Korea, with a market share of more than 30 per cent. The bid values Hyundai at near...
UAE: Arkan’s profits fall by 25% in 2016
Arkan Building Materials has seen its annual profits fall by a quarter to AED75.7m (US$20.6m), according to reports in Construction Week Online. The company, which is the UAE’s single largest cement producer by installed capacity, blamed damage related to heavy rains in March 2016 as the cause of its fall in revenues. Better control of costs saw the firm’s gross profit margins increase t...
Saudi Arabia: Southern Province reports 48% fall in 4Q profits
Southern Province Cement reported a decline of 48 per cent in its profits for the fourth quarter of 2016. Profits in 4Q16 fell to SAR156m (US$41.6m) from SAR300m in 4Q15. Southern Province Cement is part of a trend that sees Saudi cement producers report a considerable drop in sales due to a signficant reduction in construction activity in 2016. Infrastructure spending in Saudi Arabia has ...
Kazakhstan: Rudny cement plant online in 2017
Rudny Cement Factory LLP is scheduled for commissioning in Rudny, Kostanai region, later this year, according to the town’s mayor, Bakytzhan Gayazov. The 0.5Mta plant represents an investment of KZT14.8bn (US$46.4m). The construction of the plant had been put on hold and resumed multiple times since 2010 due to lack of financing.
Saudi Arabia: Najran Cement receives export licence
Najran Cement obtained an export licence from the Saudi Ministry of Commerce and Investment. The licence was received on 15 February 2017 and is valid for one year, according to the company’s statement to the Tadawul, the Saudi stock exchange.
Turkey: Akcansa Çimento sees 1.8% rise in FY16 net profit
Akcansa Çimento reported largely-stable revenues of TRY1.46m (U$398.1m) for 2016, when compared with TRY1.46bn in 2015. FY16 net profit increased to TRY286.4m in 2016, up 1.8 per cent YoY. in 2015, the company recorded a net profit of TRY281.1m.
PPC will strengthen its hand with AfriSam merger
The focus of a potential merger in South Africa between two major cement producers caught the eye this week. PPC and AfriSam already have a significant stake in the country’s cement market and by merging PPC would extend its dominance to control some 60 per cent of domestic sales, if it accepts AfriSam's offer to merge. As recently as November, PPC’s chief executive, Darryll Castle, suggeste...
Boral's Australian cement turnover declines
Boral's turnover for the six months to the end of December declined by 4.6 per cent to AUD2093m (EUR1497m), largely reflecting the transfer of US Bricks to joint venture status and the completion of two LNG projects as well as the decline in Western Australia. EBITDA improved by 3.5 per cent to AUD333m (EUR238m) while the trading profit advanced by 5.5 per cent to AUD211m (EUR151m). After a...
Mixed 1HFY17 results for Pakistani cement producers
The latest series of business results of Pakistani cement producers show a mixed performance during the first half of the 2017 financial year. DG Khan Cement Company DG Khan Cement Company Ltd (DGKC) has announced its 1HFY17 financial result. It reported a profit after tax (PAT) of PKR4.506bn (US$42.9m) during 1HFY17 against a PAT of PKR4.080bn during 1HFY16, up 10 per cent, YoY. In l...