Cement News tagged under: Corporate
Lawrence Masha resigns as Tanga Cement board chairman02 January 2023, Published under Cement NewsLawrence Masha has left the board of Tanga Cement Co Ltd. In a statement to the Dar es Salaam Stock Exchange, the company said:”Shareholders are advised that Tanga Cement PLC announced today that the Chairman of the Board, Mr.Lawrence Masha, resigned from his position with effect from December 15, 2022, having spent nine years on the Board of the Company, to be able to commit to a new opportunity.” The resignation follows its failed takeover by Scancem International, subsidiary of Heidel... |
INC Paraguay requires US$20m for operating capital29 December 2022, Published under Cement NewsThe president of Industria Nacional del Cemento (INC), Ernesto Benítez, said that the state-owned company needs an injection of about US$20m operating capital to ensure sufficient cash flow to allow it to make purchases of supplies including fuel and raw materials, according to a report by Noticias Financieras. "This money will be used to buy fuel at a much more competitive price and of course to maintain the flow of raw material purchases in an efficient manner," he explained. In sp... |
Permanente quarry permit still under review29 December 2022, Published under Cement NewsThe Santa Clara County Board of Supervisors voted unanimously this month to start a process to consider revoking or amending Lehigh Southwest Cement Company’s use permit. The decision comes roughly a month after the company announced it would permanently shut down its cement kiln at its 3510-acre Permanente Quarry and cement plant. Lehigh is the only cement manufacturer in the Bay Area. It currently operates as a cement distribution location. “Any concerns related to a public nuisance or ... |
Shares in India Cements fall due to CCI investigation28 December 2022, Published under Cement NewsShares in India Cements fell by almost five per cent to INR208 (US$2.51) on 23 December 2022 after officials from the Competition Commission of India (CCI) visited the company's office in Chennai to conduct a search. According to India Cements, “Certain officials of Competition Commission of India visited our office in Chennai at around 11:30am and are conducting a search to find out if any irregularities concerning Competition Commission have occurred.” “We clarify that we have not in... |
Work begins on Ramco Cement's expansion28 December 2022, Published under Cement NewsWork has reportedly begun on the second production line at Ramco Cement ’s grinding plant in Haridaspur , Jaipur District, Odisha, India. The US$16m expansion project will increase capacity at the plant from 0.9Mta to 1.8Mta. The company received environmental clearance for the new line in May 2022 and expects the project to be completed in the 1QFY25. |
Hetauda Cement Factory reopens28 December 2022, Published under Cement NewsNepal’s Hetauda Cement Factory has reopened after closing for around one month due to the breakdown of its pre-filter fan and electric motor. The plant produces 12,000-16,000 bags of cement each day, supplying Kathmandu, Pokhara, Bhairahawa, Dhangadhi, Nepalgunj and Biratnagar. Local residents had reportedly complained about cement dust affecting their health, according to Khabarhub. The problem has now been resolved, said Basanta Raj Pandey, general manager of the plant. |
Shinagawa Refractories agrees Brazilian refractory deal28 December 2022, Published under Cement NewsShinagawa Refractories Co Ltd (Shinagawa) has agreed with Saint-Gobain SA to complete the acquisition of the Brazilian Refractories business and the Alumina-based Wear-Resistant Ceramics business in the United States from Saint-Gobain SA on 29 December 2022. The acquisition of the Brazilian Refractories Business represents a natural extension of Shinagawa’s longstanding collaboration with Saint-Gobain in Brazil, whereby Shinagawa has been supplying technology for the manufacture of iron and... |
ZSE halts all share trading in Lafarge Cement Zimbabwe23 December 2022, Published under Cement NewsThe Zimbabwe Stock Exchange Ltd (ZSE) has implemented a securities halt in the trading of shares in Lafarge Cement Zimbabwe Ltd . The halt is effective from 23 December 2022 until further notice. According to ZSE, “Following the execution of a sale and purchase agreement between Associated International Cement Limited and Fossil Mines (Pvt) Ltd for a 76.45 per cent shareholding in Lafarge, there have been material developments in the sphere of activity of Lafarge. The full impact of t... |
CR Cement opens new 10Mta aggregates line23 December 2022, Published under Cement NewsProduction has begun at the new aggregates line of China Resources Cement ’s (CR Cement) subsidiary Guangxi Runhan New Materials in Guangxi Province, China. It marks the third large-scale aggregates project by CR Cement in Guangxi in the last two months following those in Shangsi and Tianyang. The 10Mta line, located in Nanning, officially commenced production on 21 December 2022 and marks an investment of CNY1.3bn (US$186m). Construction began in May 2022. The company says that the pro... |
Lucky Cement becomes the largest cement producer in Pakistan23 December 2022, Published under Cement NewsLucky Cement Ltd informed Pakistan Stock Exchange (PSX) on 22 December that construction and installation work concerning the brownfield expansion of the additional line of 3.15Mta at its manufacturing site at Pezu , Khyber Pakhtunkhwa (KPK), has been completed within the planned project timelines. In a regulatory filing, GM Finance and Company Secretary, Faisal Mahmood, said the new line is operational and clinker production commenced on 22 December 2022. The company’s total producti... |