Cement News tagged under: Corporate
Bestway Group acquires shares in UNBL UK16 July 2024, Published under Cement NewsBestway Group of the UK, which has a stake as a parent company in cement and bank operations in Pakistan, will notice the exchange of shareholding patterns among two banking businesses in Pakistan and Great Britain. According to AHL Research, United Bank Ltd (UBL operation in Pakistan) has finalised the sale of its 55 per cent stake in United National Bank Ltd UK (UNBL UK) to Bestway Group, having obtained all the necessary and stringent regulatory approvals, ensuring the legality and sec... |
Saint-Gobain completes CSR acquisition16 July 2024, Published under Cement NewsSaint-Gobain has completed its acquisition of CSR Ltd (CSR), establishing a strong presence in the Australian construction market. CSR is a leading player in building materials in Australia, consisting principally of building products with AUD1.9bn (US$1.28bn) in sales and an EBITDA margin of around 18 per cent for the fiscal year ending 31 March 2024, with some of Australia’s most trusted and iconic brands. According to Saint-Gobain, the acquisition fits extremely well with the company’s ... |
Cemex supplies NASA bridge project16 July 2024, Published under Cement NewsCemex is supplying concrete for the rebuilding of the NASA Causeway Bridge, which will enhance accessibility along this corridor for transporting rockets to the Kennedy Space Center. The NASA Causeway, originally consisting of twin bascule bridges built in 1964, is being replaced with new twin high-level bridges that will facilitate improved movement for oversized vehicles to launch sites. Cemex is providing over 60,000 cubic yards of high-strength concrete for this project. “We are p... |
Pan-United Corp appoints executive chairman, CEO and director positions16 July 2024, Published under Cement NewsSingapore-listed concrete producer, Pan-United Corp Ltd has appointed May Ng as executive chairman of the Board of Pan-United, and the appointment of Ken Loh as CEO of Pan-United. Both will relinquish their positions as Pan-United's CEO and COO, respectively, and assume their new appointments with immediate effect. Ms Ng succeeds Tay Siew Choon, who retired as a director of Pan-United in April 2024. The Board of Directors thanked and recorded their deepest gratitude and appreciation to Mr... |
Raysut Cement 1H loss widens15 July 2024, Published under Cement NewsOman-based Raysut Cement posted a total revenue of OMR31.6m (US$82.1m) in the first half of 2024, representing a 5.7 per cent decline when compared with OMR33.5m in the year-ago period. The group’s loss widened to OMR4.7m from OMR1.7m in the 1H23. |
Votorantim's Edealina plant to double cement capacity12 July 2024, Published under Cement NewsVotorantim Cimentos has announced an investment of BRL200m (US$36.8m) in the expansion of its Edealina cement plant, in the state of Goiás, Brazil. The modernisation project will add 1Mta to the current cement capacity. The project consists of the construction of a new grinding line that will double production capacity to 2Mta. The project is expected to be completed in the 2H25. The expansion of the Edealina plant is part of a comprehensive BRL5bn investment programme for the next f... |
Mbeya Cement Co Ltd appoints a new CEO12 July 2024, Published under Cement NewsMbeya Cement Co Ltd , a member of Amsons Group and building materials manufacturer, under the 'Tembo Cement' brand has appointed Dr Mohamed Ismail Elsaidy as its new CEO and member of the Executive Committee. Dr Elsaidy brings 25 years of multinational experience in heavy industry manufacturing and business management to the company. His appointment represents the company’s continued commitment to growth and value creation. |
Bamburi Cement receives acquisition deal11 July 2024, Published under Cement NewsAmsons Group, Tanzania's leading manufacturing and energy giant, has offered to acquire a 100 per cent share in Bamburi Cement of Kenya in a proposed US$180m deal. The offer has been made by the Amsons Industries (k) Ltd subsidiary to buy the shares at KES65 (US$0.51)/share. The cash offer represents a 42.39 per cent premium share price as of the closing of NSE trade in 9 July 2024. Bamburi Cement is currently majority owned by Holcim (58 per cent) and listed on the Nairobi Secur... |
Ras Al Khaimah White Cement becomes a subsidiary of UltraTech Cement Middle East11 July 2024, Published under Cement NewsFollowing UltraTech Cement Middle East Investments Ltd' s (UCMEIL) partial cash offer for acquiring shares (25 per cent) of Ras Al Khaimah Co for White Cement (RAKW) and Construction Materials PSC in May 2024, a shareholders' meeting was held on 9 July and the final allotment of shares in the name of UCMEIL was announced on 10 July. Together with the existing shareholding in RAKW ( UltraTech Group ), UCMEIL's aggregate shareholding in RAKW was increased to 54.39 per cent. Therefore, RA... |
Command Alkon acquires Marcotte Systems11 July 2024, Published under Cement NewsCommand Alkon has acquired Marcotte Systems, a technology leader providing best-in-class software solutions for producing and delivering concrete. This strategic acquisition includes all Marcotte’s products and reinforces Command Alkon’s dedication to supplying the ready-mix/concrete, aggregates and asphalt technology industry with global software solutions. “Joining forces with Command Alkon marks a significant milestone, not only for our company, but for the heavy building materials in... |