Cement News tagged under: Corporate
HASLE Refractories appoints BoD chairman10 January 2023, Published under Cement NewsCarsten Riisberg Lund has been announced as the new chairman of the board of directors (BoD) at HASLE Refractories A/S, Denmark. Mr Lund has undertaken more than 35 years of service in the cement sector. His previous position was as president of FLSmidth’s Global Cement Business. Mr Lund has decided to withdraw from operational leadership and focus on helping companies achieve their growth and sustainability ambitions through BoD work. HASLE looks forward to benefitting from his vast exp... |
Fortera appoints new chief financial officer10 January 2023, Published under Cement NewsScott Healy has been appointed as Fortera’s new chief financial officer. The addition of a senior leader from the financial energy sector to the Fortera team will hone strategy and promote the various value streams present in the portfolio of CO 2 reduction solutions available from Fortera, said the company. Mr Healy brings to Fortera a proven history of successfully completing complex, finance and strategic transactions in clean energy, including over US$4bn in mergers, acquisitions and... |
American Gypsum announces new president10 January 2023, Published under Cement NewsSteven L Wentzel has announced that he is retiring as president of American Gypsum Co LLC, an indirect wholly-owned subsidiary of Eagle Materials Inc , effective from 1 June 2023. Mr Wentzel has been with the company for 28 years and served as president for the last three. Succeeding him will be Eric M Cribbs, the company’s current executive vice president of concrete and aggregates, advanced cementitious materials, logistics, and procurement and materials, a role he has held since Janua... |
VICEM records 30% drop in profit in 202209 January 2023, Published under Cement NewsVietnam’s VICEM has reported profits of VND1.53trn (US$63.9m) in 2022, down 30 per cent YoY. Revenue, meanwhile, advanced 17 per cent to VND39.45trn over the same period, reports VN Express. Last year saw total sales of 27.5Mt, marking a 6.7 per cent decline YoY, driven by a fall in exports. Costs in 2022 increased by VND4trn on the back of rising raw material prices. Although VICEM did increase cement prices, that was insufficient to prevent the sharp fall in profits. It has set a reve... |
Jaiprakesh Associates defaults on loans09 January 2023, Published under Cement NewsJaiprakesh Associates has defaulted on INR40,590m (US$492.9m) of loans from various lenders, according to The Times of India. The company, which has a total debt of INR290,900m, needs to make payments in respect of fund-based working capital, non-fund-based working capital, term loans and foreign currency convertible bonds. In its exchange filing, the company said that in terms of the restructuring plan of its total debt, INR116,890m was to be discharged against the sale of identified cem... |
Fancesa suspends deliveries to Santa Cruz09 January 2023, Published under Cement NewsBolivian cement producer Fábrica Nacional de Cemento SA (Fancesa) has suspended deliveries to Santa Cruz due to blockades and mobilisations following the arrest of Governor Luis Fernando Camacho, according to Correo del Sur. The conflict, which has seen clashes with police and blockages, has severely challenged the company’s ability to supply cement to the local market. "Given the permanent blockades and mobilisations that prevent the normal transit of motorised vehicles, bound for Santa... |
Colacem's L'Orignal plant could see fresh environmental objections09 January 2023, Published under Cement NewsColacem’s Canadian cement plant could face further objections. Victor Bonspille, the Grand Chief of the Mohawk Council of Kanesatake, near Oka, Québec, wants the federal and Ontario governments to reconsider plans by Colacem to build a new cement plant near L’Orignal and for more consultation. On 19 December 2022, Mr Bonspille wrote to the federal Minister of the Environment and Climate Change Steven Guilbeault, who, had rejected Action Champlain’s request for a federal Impact Assessmen... |
Ambuja Cements forms new subsidiary, ARL06 January 2023, Published under Cement NewsIndia’s Ambuja Cements has incorporated Ambuja Resources (ARL), a new wholly-owned subsidiary for the manufacture of cement and allied products, alternate fuel and power generation. ARL was incorporated on 5 January 2023 and is registered with the Registrar of Companies, Gujarat, Ahmedabad. The new subsidiary is yet to commence operations, reports Business Standard. |
Holcim extends French footprint with acquisition06 January 2023, Published under Cement NewsDesigned to broaden its footprint across France, Holcim has acquired Chrono Chape, one of France’s leading independent providers of on-site self-levelling screeds. Operating an innovative fleet of batching trucks that can mix and apply screeds directly at the customer’s job site, Chrono Chape controls the quantities of materials required for each operation with meticulous precision, delivering zero-waste service, according to the company, which has reported double-digit growth in recent ye... |
Sangwon Cement to increase production in 202306 January 2023, Published under Cement NewsThe workers of the Sangwon Cement complex in North Korea are making innovations in cement production and implementing the decisions of the Sixth Plenary Meeting of the Eighth Central Committee of the Workers’ Party of Korea. On the basis of successes and experience gained last year, the cement plant has proactively conducted the organisational and political work to improve the main burner flame efficiency and to increased production in 2023. Precalciner improvements are also increas... |