Cement News tagged under: corporate
Raysut Cement 1H loss widens15 July 2024, Published under Cement NewsOman-based Raysut Cement posted a total revenue of OMR31.6m (US$82.1m) in the first half of 2024, representing a 5.7 per cent decline when compared with OMR33.5m in the year-ago period. The group’s loss widened to OMR4.7m from OMR1.7m in the 1H23. |
Votorantim's Edealina plant to double cement capacity12 July 2024, Published under Cement NewsVotorantim Cimentos has announced an investment of BRL200m (US$36.8m) in the expansion of its Edealina cement plant, in the state of Goiás, Brazil. The modernisation project will add 1Mta to the current cement capacity. The project consists of the construction of a new grinding line that will double production capacity to 2Mta. The project is expected to be completed in the 2H25. The expansion of the Edealina plant is part of a comprehensive BRL5bn investment programme for the next f... |
Mbeya Cement Co Ltd appoints a new CEO12 July 2024, Published under Cement NewsMbeya Cement Co Ltd , a member of Amsons Group and building materials manufacturer, under the 'Tembo Cement' brand has appointed Dr Mohamed Ismail Elsaidy as its new CEO and member of the Executive Committee. Dr Elsaidy brings 25 years of multinational experience in heavy industry manufacturing and business management to the company. His appointment represents the company’s continued commitment to growth and value creation. |
Bamburi Cement receives acquisition deal11 July 2024, Published under Cement NewsAmsons Group, Tanzania's leading manufacturing and energy giant, has offered to acquire a 100 per cent share in Bamburi Cement of Kenya in a proposed US$180m deal. The offer has been made by the Amsons Industries (k) Ltd subsidiary to buy the shares at KES65 (US$0.51)/share. The cash offer represents a 42.39 per cent premium share price as of the closing of NSE trade in 9 July 2024. Bamburi Cement is currently majority owned by Holcim (58 per cent) and listed on the Nairobi Secur... |
Ras Al Khaimah White Cement becomes a subsidiary of UltraTech Cement Middle East11 July 2024, Published under Cement NewsFollowing UltraTech Cement Middle East Investments Ltd' s (UCMEIL) partial cash offer for acquiring shares (25 per cent) of Ras Al Khaimah Co for White Cement (RAKW) and Construction Materials PSC in May 2024, a shareholders' meeting was held on 9 July and the final allotment of shares in the name of UCMEIL was announced on 10 July. Together with the existing shareholding in RAKW ( UltraTech Group ), UCMEIL's aggregate shareholding in RAKW was increased to 54.39 per cent. Therefore, RA... |
Command Alkon acquires Marcotte Systems11 July 2024, Published under Cement NewsCommand Alkon has acquired Marcotte Systems, a technology leader providing best-in-class software solutions for producing and delivering concrete. This strategic acquisition includes all Marcotte’s products and reinforces Command Alkon’s dedication to supplying the ready-mix/concrete, aggregates and asphalt technology industry with global software solutions. “Joining forces with Command Alkon marks a significant milestone, not only for our company, but for the heavy building materials in... |
Nigerian House of Representatives threatens to issue arrest warrants for Dangote10 July 2024, Published under Cement NewsA committee from Nigeria’s House of Representatives, investigating the hike in cement prices, has warned it will issue arrest warrants for Dangote Cement’s management after executives failed to honour an invitation. Chaired by Jonathan Gaza, the House Committee on Solid Minerals issued the threat on 9 July during a National Assembly hearing after the company failed to show up. Gaza stated that the committee would give Dangote Cement another opportunity to comply before taking further action.... |
Bengal Cement appoints new COO09 July 2024, Published under Cement NewsBangladesh-based Bengal Cement has appointed Dr Khandker Ataur Rahman Rifat as its chief operating officer (COO). The new COO has 29 years of experience in the industry. "He has selflessly enriched Hyundai Cement, Cemex Cement, Meghna Group, Lafarge-Holcim Bangladesh, Aman Cement, and Metrocem Group with his versatile qualities, experience, knowledge and wisdom," the press release added. Dr Rahman Rifat completed his Master’s degrees at the University of Dhaka, followed by an MBA and P... |
Holcim acquires Mark Desmedt to accelerate circular construction08 July 2024, Published under Cement NewsHolcim has completed the acquisition of Mark Desmedt in Belgium, advancing circular construction in Europe in line with its target to recycle 10Mta of construction demolition materials. Mark Desmedt recycles more than 500,000tpa of construction demolition materials and is strategically located to serve Belgium’s two largest metropolitan areas, Brussels and Antwerp. Miljan Gutovic, CEO, Holcim: “With the Mark Desmedt team, we are accelerating our vision to drive circular construction in... |
Trinidad Cement changes two executive managers08 July 2024, Published under Cement NewsTrinidad Cement Ltd has announced two changes to its executive management team. The Cemex subsidiary's General Manager, Guillermo Rojo de Diego, will be replaced by Cemex Commercial VP, Gonzalo Rueda Castillo. Roberto Adrian Villarreal Villarreal will take over from Gustavo Alejandro Ruiz Silva as group strategic planning manager. Mr Rojo was appointed general manager in 2019 and will help Mr Rueda transition into the role. Mr Castillo, who has over 25 years' experience in the company, w... |