Cement News tagged: Corporate
India: Shree Cement plans eastern expansion
Shree Cement Ltd is setting its sights on the eastern Indian market by establishing a grinding units in the states of Odisha and West Bengal, according to local press reports. The company is reportedly in the process of identifying land for the two plants, each with a capacity of 2Mta. "We have already started despatches in West Bengal and Odisha in a small way. We would like to captu...
Colombia: Argos 3Q15 profits jump 63% YoY
Cementos Argos has announced a 63 per cent hike in profits for 3Q15. Revenues are up 35 per cent while EBITDA saw a 41 per cent advance. Dispatches were up to a record 3.8Mt, a 15 per cent rise. For the nine-month period ended September, total cement sales reach 10.7Mt, reflecting an increase of 14 per cent when compared with 9M14. Argos concrete sales, which were particularly successful in th...
Malaysia: Lafarge Malaysia buys local Holcim company
Lafarge Malaysia Bhd has bought Holcim (M) Sdn Bhd from PT Holcim Indonesia in a deal worth MYR325.5m (US$75.5m). Lafarge Malaysia Bhd now becomes part of the LafargeHolcim Group, the biggest materials firm globally. According to Lafarge, this newly-combined unit of Lafarge and Holcim Malaysia provides the most comprehensive network of facilities and widespread solutions in Malaysia. The jo...
US Cement’s new Brady plant moves closer to Brady City Council approval
US Cement is another step closer to building its new cement works in McCulloch County, Brady, Texas. The Brady City Council has authorised two proposed sales tax rebate incentives for a proposed cement plant that would be built in McCulloch County. The city sales tax rebate economic development incentive for the proposed plant would not exceed US$297,000 over nine years, or up to US$33,000 ...
Algeria: Beni Saf acquires three quarries
Société des Cements de Beni Saf has acquired three quarries to supply its second production line. The Dhayet Smaâ quarry has an estimated limestone reserve of 78.66Mt. In addition, the clay deposits of Koudiet El Tine (24.3Mt) and El Ancer will also supply the 2Mta cement line. The cement producer has acquired the quarries, which cover an area of 370ha, for a record DZD1.005bn (US$9.3m). ...
LafargeHolcim 3Q15 results expected to reflect headwinds
LafargeHolcim is due to report 3Q15 earnings on Wednesday, Analysts at Davy Stockbrokers said weak 3Q from the building materials giant will not surprise an already cautious market as many of the company’s key end-markets have deteriorated further with little expected in terms of recovery. "Weaker demand and overcapacity are intensifying price pressure at a difficult time for the group. Merg...
Morocco: Anouar Invest starts construction on second cement works
Moroccan holding company Anouar Invest announced the start of construction of a new cement works at Laâyoune. Located in Foum El Oued, the new Cimsud plant represents an investment of MAD300m (US$29.98m) and will have a capacity of 0.5Mta. The unit is expected to come online in July 2017. Anouar Invest has also launched work on a 2.2Mta cement plant in Settat, via its subsidiary Atlantic C...
New brand identity for Thyssenkrupp
To reflect changes within its organisation over recent years, Thyssenkrupp yesterday announced the launch of a unified global brand, reflecting transformation of the Germany-based technology company to a diversified industrial group. “We are a different company today. We have become more diversified and as a result more stable,” says Dr Heinrich Hiesinger, CEO of Thyssenkrupp. Communication...
HeidelbergCement reportedly considering Uzbekistan investment
Uzstroymaterialy JSC and HeidelbergCement have started the active phase of negotiations for the acquisition of 35.9 per cent of shares of Uzbekistan cement producer Kyzylkumcement JSC, the company told Trend News Agency. In early November, the parties signed a memorandum of intent to acquire shares of the cement plant, according to the joint-stock company. “Currently, we define all the condi...
CRH reiterates 2015 guidance
CRH reported that its third-quarter trading environment benefitted from continued positive momentum in the Americas where overall economic recovery is driving construction demand. The backdrop in Europe continues to be mixed but stable. Cumulative sales from continuing operations amounted to EUR15.5bn the nine months to the end of September, an increase of 16 per cent compared with the corr...
Cimpor hit by the weakness in Brazil
Cimpor's nine month turnover declined by 1.2 per cent to EUR1,927.9m and the EBITDA came off by 14.2 per cent to EUR395.1m as cement deliveries in Brazil, Egypt and South Africa fell by 15.8 per cent, 13.8 per cent and 7.7 per cent respectively. Argentina, on the other hand, improved shipments by 9.3 per cent. The trading profit (EBIT) came down by 22.7 per cent to EUR248.5m and the net fin...
Claudius Peters' ETA Cooler® exceeds 13,000tpd in China
Launched in 2004 by Claudius Peters Projects GmbH, the ETA Cooler® has reached a new capacity milestone as a model with a capacity of over 13,000tpd went into production earlier this year in China. Over the last decade or so the company has progressively offered the market increasingly higher capacity models, now reaching 13,000tpd – currently the world's highest capacity cement line producti...
China Shanshui Cement top shareholder to fund bond redemption
China Shanshui Cement's top shareholder, Tianrui Group, said it will provide funds to the cash-strapped firm to redeem a US$500m global bond, Reuters reports. "Tianrui Group shall cause Shanshui Cement to have sufficient funds in order to support the redemption of such 2020 Notes as required," China Tianrui Group said in a notice to the Hong Kong Stock Exchange late on Tuesday. China Sh...
Lafarge Malaysia net profit boosted by cement revenue
Lafarge Malaysia Bhd, the country's largest cement manufacturer, recorded a 28.9 per cent increase in net profit to MYR70.65m (US$16.30m) for the third quarter ended 30 September 2015 from MYR54.81m, mainly due to higher sales from the cement segment, improved plant performance, and higher foreign exchange (forex) gains. Revenue for 3QFY15 rose slightly to MYR670.88m from MYR664.63m in 3QFY14...
UK: Breedon to acquire Hope Construction Materials
Breedon Aggregates of Leicestershire, UK, has agreed to acquire Hope Construction Materials for GBP336m (US$510.94m). Hope Construction Materials, is a major producer of cement, concrete and aggregates in the UK with more than 160 operational sites. In 2014 Hope sold 1.6Mt of cement, 4.7Mt of aggregates and 2.2Mm 3 of concrete, generating revenue of GBP273.5m and profit before tax of GBP18.7m...
SCC Asean expansion on track
Thailand's largest cement producer Siam Cement Co (SCC) said it is on course to bring 6.3Mta of new cement capacity online in its key target markets of Cambodia, Indonesia, Myanmar and Laos between 2015-17. In an update on its strategy for its cement & building materials unit, reported on by SCB Securities in The Nation (Thailand), SCC said the investment programme is expected to not only pro...