Cement News tagged: Corporate
Eurocement eyes Denmark and Britain markets
“Contracts in Denmark and Britain are forthcoming,” according to Eurocement’s CEO, Mikhail Skorokhod, as the company expands its global reach. Since the end of 2016, the Russian cement producer has been exporting increasing volumes to Finland and the Baltic states. “In Finland our share has already reached five per cent of the market, and in our view, that is a very good result," he said i...
China Shanshui’s Liaocheng unit ‘illegally occupied’
In a fresh twist in the ongoing troubles of China Shanshui Cement Group, the company has announced that a unit of its subsidiary, Liaocheng Shanshui Cement, has been ‘illegally occupied’ by 200 unidentified people, Bloomberg reports. According to a statement to the Hong Kong stock exchange, the firm claims that the occupation was carried out on the orders of former chairman Zhang Bin and fo...
Holcim gets approval for extension Eclépens quarry
Holcim has received approval to extend the quarry at the Eclépens cement works in Switzerland. The company exploits the La Birette quarry in the Mormont hills, Vaud canton. The extension will allow the cement maker to increase its production capacity and enable production to continue until 2029.
India: KCP plans to double capacity at Muktyala plant
Speaking in an interview on CNBC-TV18, GN Murty, CFO of KCP has set out his company’s plans to expand its Muktyala integrated plant from 1.8Mta to 3.5Mta at a cost of INR4bn (US$60m). The new unit will come on-stream in 2018, bringing KCP’s capacity up to 4.4Mta. Three quarters of the cost of the new plant will be financed from borrowing, with the balance raised from KCP internally.
Nigeria: Dangote appoints non-executive director
Dangote Cement PLC, Africa’s largest cement producer, announces the appointment of Dorothy Udeme Ufot, SAN, as an independent non-executive director. Mrs Ufot has more than 26 years’ experience in commercial litigation at trial and appellate levels, having been admitted to the Nigerian Bar in 1989 and then admitted to the Inner Bar as a Senior Advocate of Nigeria (SAN) in April 2009. She als...
India: Parth Jindal appointed MD of JSW Cement
Parth Jindal, son of the chairman of the JSW Group, has been appointed as managing director of its cement business, JSW Cement, the Hindu’s Business Line reports. He will take up his appointment in July. The Hindu reports that Mr Jindal, who has worked as an economic analyst for JSW Steel, has already taken an interest in the cement business, persuading the group to invest INR8bn (US$120m) ...
Germany: Refratechnik appoints new managing director
Mr Wolfgang Tabbert, managing director of Refratechnik Cement GmbH, has handed over his duties to his colleague Dr Stefan Puntke, whose field of activities will now be handled by Dr Christian Meyre. Wolfgang Tabbert has worked for the company for more than 30 years, five of them as sales manager, and 13 years as managing director. To ensure a smooth transfer and termination of his activities...
PPC sees six-month revenues and volumes flat
In its trading figures for the six months to 31 March 2016, PPC saw its operating profits fall by three per cent to ZAR733m (US$48m). Revenues were flat at ZAR4501m (US$294m), down one per cent on the same period in 2015. Likewise, volume sales were down one per cent overall, although in South Africa volumes rose by one per cent. Despite higher volumes, revenues in South Africa fell due to ...
Holcim Romania launches new products
Holcim Romania has launched a new range of bagged cement products designed to meet the needs of the country’s construction sector. The new range of Holcim products delivered in bags comprises: Structo Plus 20/40kg, Structo 40kg, Extra Dur 52 40kg and Tenco 40kg. Sofiane Benmaghnia, CEO Holcim Romania, said: “Our focus on customers and desire to build sustainable partnerships prompts us i...
Vietnam Building Materials opens new plant in Dong Nai province
Vietnam Building Materials (VCM) has officially opened a cement factory for its StarCemt brand in the Bien Hoa Industrial Zone, Dong Nai province. The company's cement products are currently distributed to more than 900 customers through shops and distributors from Binh Thuan to Ca Mau. VCM also has a clinker production plant in Van Hoa, Tuyen Hoa district, province Quang Binh, with a capa...
LafargeHolcim plans further asset sales
It has been revealed that LafargeHolcim is under pressure to find further synergies for the newly-formed cement major. LafargeHolcim was created by a EUR41bn merger last year but is stepping up its post-deal disposal programme with planned asset sales in an another nine countries, claims the Financial Times. Eric Olsen, LafargeHolcim's chief executive, has been prompted by investors to boost...
Semen Indonesia to sell 49% stake in unit
Indonesia's largest cement producer, Semen Indonesia, plans to sell a 49 per cent stake in one of its units to help fund the company's future expansion, according to Investor Daily quoting the firm’s Finance Director, Darmawan Junaidi. The strategic investor will hold the stake for a limited period, tentatively 10 years. However, which subsidiary's stake will be sold remains currently undisc...
USA: Exshaw modernisation produces first clinker
The Lafarge plant at Exshaw celebrated a key accomplishment as groundwork continues for the next chapter in the cement plant's 100-plus-year history. The Exshaw expansion is currently the biggest global investment Lafarge is undertaking, and now the cement company is able to see the rewards of its expensive expansion come to life. First clinker was achieved at the multi-hundred million-d...
Bolivia: Fancesa seek new transport solution
Fancesa will study a project for its own road transport company put forward by the Chuquisaca government. The firm is in the middle of a dispute with local unionised truck drivers who anticipate that the new business unit will be a total failure. Fancesa has reportedly received an offer from Volvo that could provide at least 100 trucks immediately.
Indian producers line up for LafargeHolcim's Sri Lankan operations
A shortlist of potential buyers in the sale of LafargeHolcim's Sri Lankan operations have been named as Dalmia Bharat, Shree Cements along with Ramco after an initial round of screening. The global cement major is divesting its business in Sri Lanka as part of a global portfolio realignment. With an estimated 2.3Mta grinding capacity and a 1.8Mta clinker capacity, it currently controls 40 p...
Fabrizio Donegá new CEO of Cementos Moctezuma
Fabrizio Donegá has been appointed as new CEO of Cementos Montezuma following the retirement of Pedro Carranza Andersen after 21 years of service with the company. The appointment was formally approved by the Board of the Cementos Molins subsidiary on 3 October 2016. Mr Donegá has extensive experience in the cement industry in key positions at Ciments du Maroc, Vassiliko Cement Works, Shym...