Cement News tagged under: Italcementi Group
West China Cement Ltd: new appointments03 February 2023, Published under Cement NewsDr Ma Weiping has resigned as executive director and chief executive officer of West China Cement Ltd , effective from 2 February 2023. According to the company, Dr Ma has chosen to leave “to devote more time to his other personal endeavours”. The board thanks Dr Ma for his valuable contributions to the company during his time at West China Cement Ltd. Effective immediately, Cao Jianshun has been appointed executive director and chief executive officer. Mr Cao has extensive experience i... |
Italy: strike planned over Heidelberg/Italcementi merger04 April 2016, Published under Cement NewsA strike with national demonstration has been announced for Friday, 29 April 2016 to protest about the possible job cuts for Italcementi workers over the proposed merger with HeidelbergCement Group. The strike was announced by the national coordination of RSU group meeting in Rome. Opponents claim that there is the possibility of up to 2300 jobs in Italy being at risk if the merger is completed. "It's been months but, unfortunately, we have no news from the government about what is happeni... |
Italcementi disposes of WCC stake21 September 2015, Published under Cement NewsItalcementi Group, via its affiliate CimFra (China) Ltd SAS, has disposed of its 5.24 per cent stake in West China Cement (WCC) for an upfront consideration of HKD341m, equivalent to approximately EUR38.5m, subject to later adjustments through a derivative contract with Credit Agricole CIB. The disposal of the minority WCC stake has no impact on EBITDA generation capacity at group level, Italcementi said in a statement on Friday. |
Egypt: Suez Cement sees 3% fall in 1Q15 revenues01 May 2015, Published under Cement NewsSuez Cement Group of Companies (SCGC), part of the Italcementi Group, saw revenues decline three per cent in the first three months of the year versus the same period of 2014. EBITDA for the quarter also fell by 49 per cent, mainly due to rising fuel prices resulting in a sharp 66 per cent drop in net profit. Unforeseen pressures on the construction sector as a whole were said to have depressed overall demand for cement products and, coupled with higher energy costs, this negatively impac... |
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