Cement News tagged under: Weekly Newsletter
JSW Cement to look at inorganic growth11 December 2018, Published under Cement NewsIndia's JSW Cement has announced that it will be looking at inorganic expansion to reach its target of increasing capacity to 20Mta by 2020. The ongoing bad-loan resolution process has opened up opportunities to acquire cement assets in India. The company views the assets of debt-laden companies to have a strong potential to grow, while enabling swift scaling and optimisation of these capacities, according to a statement. "The company views the improving economic growth scenario, continu... |
Holcim Süddeutschland plans glass waste use as ARM10 December 2018, Published under Cement NewsHolcim Süddeutschland plans to use glass waste as alternative raw material in the production of cement at its cement plant in Dotternhausen, Germany. The cement producer has submitted an application to the local Tübingen for the storage of 625t of glass at the facility. The space will be created in the warehouse that currently stores roofing boards. The glass waste, which will come from a waste glass processing plant in Bad Wurzach, will be used to substitute clay and will be used at a m... |
Irish Cement fined EUR4000 for dust spill10 December 2018, Published under Cement NewsIrish Cement has been fined EUR4000 for breaching terms of its industrial emissions licence, when thick “glue-like” dust spilled from its Co Limerick plant, resulting in damage to nearby homes, gardens and cars. The company pleaded guilty at Limerick District Court to one count of breaching the terms of its licence at the Castlemungret works on 3 December 2017. After the company had unsuccessfully attempted to clear a build-up of dust in the kiln, a significant amount of it leaked into t... |
LafargeHolcim Bangladesh amalgamates subsidiary06 December 2018, Published under Cement NewsLafargeHolcim Bangladesh Ltd (LHBL) informed Dhaka Stock Exchange on 2 December that the Board of Directors has decided to amalgamate of the company with its subsidiary Holcim Cement (Bangladesh) Ltd (HCBL). The amalgamation is subject to requisite approval of the banks and other creditors to the company, approval of the shareholders and finally, sanction of the Honourable High Court Division of the Supreme Court of Bangladesh. LHBL has acquired 100 per cent shares of HCBL for a conside... |
Argentine cement market contracts 18% in Nov 201805 December 2018, Published under Cement NewsArgentina’s cement consumption fell 17.8 per cent to 970,248t in November 2018 when compared with 1.18Mt in November 2017. When compared with the previous month, the decline was 6.7 per cent, according to the country’s cement association, AFCP. In addition, Argentine cement producers saw their exports slip by 13.3 per cent YoY to 10,208t in November 2018. Output from Argentine cement plants fell 16.6 per cent YoY and 6.5 per cent MoM to 980,226t. Of this, 970,058t was delivered to customer... |
Unacem shareholders to discuss merger with Inversiones Andino04 December 2018, Published under Cement NewsPeru-based Unacem reported that its general meeting of shareholders will evaluate the proposal between the company and the Investment and Administration Trade Union, Inversiones Andino and Inmobilaria Pronto. The cement company explained that the main objective of the merger is to consolidate in Unacem the knowledge, strategies, experiences, specialisations, rights and other assets developed and managed by the three societies that would be absorbed. It also seeks to extinguish the contract... |
Holcim Philippines to raise capacity to 13Mta by 202003 December 2018, Published under Cement NewsHolcim Philippines (LafargeHolcim group) is investing US$300m to raise its cement capacity in the country by 30 per cent to 13Mta by 2020. Holcim Philippines informed the Philippine stock exchange that will upgrade its facilities in Bulacan and Misamis Oriental with the installation of new and efficient kilns and mills and waste heat recovery systems as part of its cost focus. "Our company believes in the sustained development of the Philippines. This investment is proof of our confidence... |
Illinois Cement Co one step closer to new limestone quarry03 December 2018, Published under Cement NewsLa Salle City Council, Illinois, USA, will consider petitions by Illinois Cement Co for rezoning and special use permits to mine limestone on 12 parcels in Dimmick Township following a recommendation by La Salle Planning Commission. The cement producer wants to close its quarry and begin mining new land in the one-square section, moving west for 10-20 years and then north for another 20 years, restoring mined land as it progresses. Restoration such as that taken place in the Little Vermil... |
Kalambaina Cement to merge with CCNN30 November 2018, Published under Cement NewsBUA Group’s Kalambaina Cement Co has announced it received shareholder approval for a merger with the Cement Company of Northern Nigeria (CCNN). Abdul Samad Rabiu, chairman of the company, has stated that the deal would involve a high technical and complex infusion of the two companies. "This deal signposts shareholder confidence in the value proposition of the CCNN-Kalambaina merger and we are certain that the new entity can compete effectively in the cement industry in Nigeria whilst main... |
LafargeHolcim's Capital Markets Day 201829 November 2018, Published under Cement NewsLafargeHolcim presented a full overview of its 'Strategy 2022 – Building for Growth' programme at its Capital Markets Day held at the Belfry Hotel and Resort, Birmingham, UK, yesterday. Jan Jenisch, LafargeHolcim CEO, said, "Our performance in 2018 shows that execution of 'Strategy 2022 – Building for Growth' is at full speed. We have simplified the organisation and are ahead of target with our SG&A savings programme. With the recent divestment of our Indonesia operations we reached a major... |