Cement News tagged under: corporate
TPI Polene to invest THB3bn to double WtE power plant capacity20 October 2014, Published under Cement NewsTPI Polene, Thailand’s third-largest cement producer intends to spend THB3bn (US$93m) to double the capacity of its waste-to-energy (WtE) power plant in Saraburi to 120MW. Pakkapol Leoprirut, assistant vice-president for finance, said the company's waste-to-energy power plant had been producing 60 MW to serve the cement work. with all new output will also serve the same plant. The new works will come online in 4Q15 and ramp up to full capacity in 1H16. Last year, the company raised i... |
Sagar Cement posts INR2.82 net profit20 October 2014, Published under Cement NewsIndia-based reported a net profit of INR2.82bn in the quarter ended 30 September 2014, compared with a INR115m loss the previous year. The cement maker’s revenues rose by 23.6 per cent to INR1.25 in the July-September quarter. The other income of the cement company included INR3.49bn profit that was realised from the sale of its stake in tthe joint venture with Vicat group. |
Cemex Lloseta completes environmental upgrade17 October 2014, Published under Cement NewsCemex’s 0.804Mta Lloseta plant in Mallorca, Spain, has concluded its US$16m environmental upgrade. The work included noise abatement systems, paving roads for heavy traffic as well as erecting covered raw material and coal storage silos. The plant also raised alternative fuel use from five to 35 per cent and installed more efficient burners, effectively reducing CO2 emissions by 3.8 per cent per tonne of clinker between 2006-14. The company now emits some 80,000t of CO2 less than in 2006. |
Maruxa Suarez is new Lafarge Villaluenga plant director17 October 2014, Published under Cement NewsMaruxa Suarez has been appointed as the new plant director of Lafarge’s Villaluenga de la Sagra works in Toledo, Spain. She replaces Mariano Garcia Hoyos, who was appointed industrial director of Lafarge Malaysia. With degrees in Chemistry from the University of Cordoba and in Biochemistry from the University of Sevilla, Ms Suarez holds a Master in Biotechnology. She has been employed by Lafarge since 2004, where she started in the Environmental Department in Madrid and later in the Vill... |
Matteo Rozzanigo new FYM CEO17 October 2014, Published under Cement NewsMatteo Rozzanigo has been appointed as CEO of FYM, Italcementi’s Spanish subsidiary. He is tasked with positioning the company in a cement market, which is expected to stabilise and recover slowly after a prolonged crisis period. He replaces Mario Domenico Bracci, who held the post for the past three years and will now assume responsibilities for Ciments Maroc. Mr Rozzanigo hold an Industrial Engineering degree from the Polytechnic University of Milan, Italy, and has been with Italcement... |
Holcim and Lafarge to identify non-core assets in India for divestment16 October 2014, Published under Cement NewsHolcim and Lafarge have begun an internal process in India to identify assets which have to be divested to adhere to the requirements of the country’s Competition Commission. Two sources familiar with the matter told The Economic Times of India that: “Both the companies are running processes to understand which are the plants and operations which are not linked to their strategic global plans," says one of the persons quoted above. "These plants and operations will be divested." "The proc... |
Siam Cement 3Q earnings’ outlook16 October 2014, Published under Cement NewsSiam Cement is expected to post a weak net profit for the third quarter of 2014, down 29 per cent YoY and 18 per cent QoQ, according to analysts at SCB Securities. The YoY drop reflects: no extra gain from the revaluation of its investment of THBt1.7bn as in 3Q13, the absence of 3Q13's THB840m inventory gain from its chemical unit and a slight decline in contribution from cement and building materials (lower sales volume) and paper (maintenance shutdown) units. The QoQ fall comes primaril... |
UltraTech to bid for Lafarge Holcim assets?15 October 2014, Published under Cement NewsUltraTech Cement is reportedly eyeing cement assets being put on the block by Holcim and Lafarge ahead of their planned merge Local press have speculated that the Aditya Birla group company is more interested in Holcim and Lafarge's assets in emerging countries, particularly in Latin America. Chairman Kumar Mangalam Birla is leading the bid preparations, a source familiar with the deal told The Times of India. |
Oman Cement nine-month net profit declines15 October 2014, Published under Cement NewsOman Cement Co (OCC) made a net profit of OMR11.4m in the first nine months of 2014, down 8.1 per cent from OMR12.4m in the same period last year, the producer said in a bourse statement on Tuesday. In third quarter alone, the company saw a decline in net profit compared to the same period of last year, according to Reuters calculations. OCC posted a profit after tax of OMR2.3m (US$6m) in the three months to 30 September, versus OMR3.8m in 3Q13, Reuters calculated based on financial stateme... |
Yanbu Cement 3Q profit up 16.4%, Saudi Arabia15 October 2014, Published under Cement NewsSaudi-based Yanbu Cement net earnings grew by 16.43 per cent YoY in the third quarter of 2014 to SAR163m, but declined by 32.37 per cent compared to 2Q14. The company said the third quarter annual increase was was due to the lower cost of sales due on the back of a boost in production and receipt of a clinker import subsidy. The company attributed the QoQ decline to lower sales due to the Ramadan and Eid al-Fitr holiday. Earnings for the first nine months of the year declined by 7.87 pe... |