Cement News tagged under: Weekly Newsletter
Sanghi inaugurates Kutch grinding plant, India13 July 2015, Published under Cement NewsSanghi Industries' new 1.2Mta grinding plant was inaugurated on Friday by Gujarat Chief Minister, Anandiben Patel, in the western Indian state's Kutch district. The new unit lifts Sanghi's cement production capacity from 2.9Mta to 4.1Mta. Ravi Sanghi, chairman and managing director, said during the ceremony: “Inauguration of the grinding unit by the Gujarat Chief Minister is a testimony to the fact that Sanghi Industries Ltd is considered as one of the leading corporate which has contribut... |
China: Hubei ETS compliance deadline postponed13 July 2015, Published under Cement NewsChinese cement firms under Hubei's carbon market will be forced to spend millions of yuan to meet targets as authorities rejected pleas for leniency, but they now have more time to do so after the postponement of Friday's deadline, Reuters reports citing traders. Initially the 138 companies covered by the Hubei scheme, a third of which are cement firms, were supposed to hand over permits by 31 May 2015. The deadline was extended to 10 July, but 27 companies had still not got enough permits ... |
LH merger: final results of public exchange offer10 July 2015, Published under Cement NewsFrance's Financial Market Authority published the final results of the public exchange offer initiated by Holcim Ltd for the shares of Lafarge SA. Following the settlement-delivery of the offer expected to occur on 10 July 2015, Holcim Ltd will hold 252,230,673 Lafarge SA shares representing 87.46 per cent of the share capital and at least 83.94 per cent of the voting rights of Lafarge SA based on the total number of shares outstanding as of 8 July 2015. In accordance with the AMF general ... |
Holcim: Fontana steps down, changes in Executive Committee10 July 2015, Published under Cement NewsHolcim confirmed today that in connection with the successful public exchange offer and the expected closing of the merger with Lafarge, Bernard Fontana will step down from his position as CEO of Holcim Ltd with the completion of the merger. He will also resign from all mandates in all Holcim Group entities. Mr Fontana said: "It has been a pleasure and honour to work with remarkable and passionate people throughout the past years at Holcim. I wish the new company LafargeHolcim and the enti... |
CEMBUREAU calls for 'truly Circular Economy'10 July 2015, Published under Cement NewsCEMBUREAU has taken note of the European Parliament’s adoption of its ‘Own Initiative Report on Resource Efficiency: moving towards a circular economy’. The European cement association has said that it welcomes the Parliament’s support for a sustainable supply of materials from European sources, as well as the call for legal certainty and long term predictability. In addition, it also recognise that a variety of voluntary resource-efficiency indicators which take into consideration the three... |
South Africa’s 1Q15 sales climb09 July 2015, Published under Cement NewsSouth Africa’s cement sales rose to 2.87Mt in the first quarter of 2015, according to the report released by the country’s leading producer, PPC, on behalf of the country’s eight major cement manufacturers on Wednesday. The increase is attributed to demand from smaller players making up for the slump in the building sector led by bigger companies, analysts said. With the order books of the major firms not looking healthy, the jump in cement sales could be the result of smaller companies suc... |
Pakistan closes FY14-15 with 3.5% sales rise08 July 2015, Published under Cement NewsPakistan cement sales increased by 3.5 per cent in FY14-15 as strong domestic construction and housing activity boosted dispatches, according to Topline Securities. Total sales during the year amounted to 35.4Mta, the Express Tribune reported yesterday. The rise is attributed to an "increase in the private sector expenditure on construction and housing," the newspaper quoted Topline Securities analyst Nabeel Khursheed as saying. Higher government infrastructure spending and improved securi... |
ADOCEM anticipates further consumption gains07 July 2015, Published under Cement NewsADOCEM, the cement producers’ association of the Dominican Republic, forecast cement demand in the country to rise seven per cent in 2015. The national cement association this week elected a new board for the 2015-17 term, presided over by Gabriel Ballestas, director general of Argos Dominicana. Mr Ballestas underlined the importance of the cement industry’s contribution to the development of the country and in particular, the building of affordable housing. ”The development of affordable... |
S&P downgrades PPC on increasing debt07 July 2015, Published under Cement NewsStandard & Poor's Ratings Services (S&P) has lowered its long-term South Africa national scale rating on heavy building materials producer PPC Ltd to 'zaA' from 'zaA+'. At the same time, it affirmed the 'zaA-2' short-term South Africa national scale rating on PPC. S&P said it expects PPC’s net financial debt to increase materially over the near-term due to its increased capital expenditure on expansiory projects in the Sub Saharan region. The company’s strategy is to grow its Sub-saharan ac... |
Cementos Molins appoints new CEO06 July 2015, Published under Cement NewsCements Molins has appointed a new CEO, Julio Rodríguez. Mr Rodríguez worked formerly at Schneider Electric and is since 1 July the first CEO outside the Molins family. He is expected to continue the overseas expansion of Cementos Molins. "If there is something we should do, it is to continue the growth plan. With new ideas, new investments, we'll see where, but with the growth plan." Despite the pick-up in its home market of Spain, Cementos Molins is centring its investment in Latin Americ... |