Cement News tagged under: corporate
INSEE Cement appoints new CEO06 January 2023, Published under Cement NewsSri Lanka’s INSEE Cement has appointed Jan Kunigk as its new chief executive officer, effective from 1 January 2023. Mr Kunigk replaces Nandana Ekanayake, who is retiring from the role of CEO but will continue as chairman of the company. Mr Kunigk has previously held the positions of executive vice president at INSEE, as well as commercial director, responsible for marketing, sales, products and solutions, innovation and external affairs. Prior to joining INSEE Cement, he worked at Hol... |
Unacem acquires Termochilca05 January 2023, Published under Cement NewsPeruvian cement and concrete producer Unacem , through its subsidiary Celepsa, has bought electricity generator Termochilca. Termochilca operates the US$300m, 300MW combined cycle thermal power plant in Santo Domingo, Chilca. The completion of the acquisition is subject to the receipt and acceptance of certain conditions and signature of legal documents. Upon completion, further information will be available to investors. |
Bangladesh and Saudi Arabian JV cement plant in doubt04 January 2023, Published under Cement NewsState-owned Bangladesh Chemical Industries Corp (BCIC) has threatened to withdraw from a Saudi-Bangladesh joint venture under which a cement factory is to be built in Sylhet's Chhatak borough, Bangladesh. In a recent letter to the Ministry of Industries, BCIC has sought the pull out of the joint venture as it found irregularities, cost escalation and anomalies by their counterpart. The deal for the joint venture between the two countries was signed during Prime Minister Sheikh Hasina'... |
Ambuja Cements forms shipping subsidiary04 January 2023, Published under Cement NewsAmbuja Cements has formed a new, wholly-owned subsidiary called Ambuja Shipping Services Ltd (ASSL). The company has been incorporated by Ambuja Cements for the business of operating ships, the company said in regulatory filing. The company has acquired 100 per cent shareholding in ASSL and the cost of the acquisition is INR10m (US$120,800), reports Mint. ASSL is incorporated in India and was registered with the Registrar of Companies, Gujarat at Ahmedabad on 3 January 2023. The new sub... |
Lucky Cement chairman passes away04 January 2023, Published under Cement NewsThe chairman of Pakistan’s largest cement producer, Lucky Cement Ltd, Muhammed Yunus Tabba, died on 2 January 2023 peacefully, according to a family announcement of the company through local media. Lucky Cement is one of Pakistan’s largest producers and leading exporters of quality cement. The company’s total production capacity (including northern and southern plants) has increased to 15.3Mta from the previous figure of 12.15Mta. Last month, in a regulatory filing, GM Finance and Compa... |
Yura achieves 3Mt sales milestone03 January 2023, Published under Cement NewsPeru-based Cemento Yura SA has reached the 3Mt sales mark for the first time in its 56-year history, reports Asocem, the country’s cement association. The company attributes its success to its staff and customers as well as strategic partners such as Rationalización Empresarial Raciemsa, Concretos Supermix and Cal y Cement Sur – all part of Yura’s parent company, Grupo Gloria . “At Yura we are very proud to dispatch 3Mt because those three million tons have turned into many millions of d... |
Mukul Agarwal raises stake in Sanghi Industries03 January 2023, Published under Cement NewsInvestor Mukul Agarwal has increased his stake in Sanghi Industries from 1.34 per cent in the September 2022 quarter to 1.97 per cent in the December quarter, reports The Economic Times. According to 5paisa, Mukual Agrawal’s investment style is “largely aggressive, hawking for multibaggers that are capable of astronomical returns.” His investment portfolio includes IMFL (Indian Made Foreign Liquor Co), PDS Multinationals (a leading consumer goods design, product development, sourcing, v... |
Attock Cement seeks a supply of minerals03 January 2023, Published under Cement NewsAttock Cement Pakistan Ltd has planned to outsource raw materials for its cement plant at Hub Choki in the Balochistan province from January 2023 to June 2023. The company asked the minerals suppliers to send the best quotation for the supply of 50,000t of gypsum and 75,000t of iron ore during this period. Bids are due on 10 January 2023. The company started commercial production in 1988 with a plant capacity of 2000tpd of clinker (approximately 0.6Mta). Through a series of expansions, ... |
Cookstown Cement rebranded as Cemcor03 January 2023, Published under Cement NewsThe Cookstown cement plant acquired in January 2022 by LCC Group and David Millar for GBP56m has been rebranded to Cemcor following significant investment from its new ownership. The Cookstown plant, originally known as Lafarge Cement Ireland, was acquired by Cookstown Cement from its parent company, the Switzerland-headquartered construction materials giant Holcim. Since then Cookstown Cement has been led and co-owned by David Millar, a former executive with Lafarge, who has 38 years o... |
Sancti Spíritus cement plant restarts02 January 2023, Published under Cement NewsAfter a seven-month hiatus, the Siguaney cement plant, in Sancti Spíritus, Cuba, has restarted production. The repair of its kiln with imported refractory bricks, has now been completed. The recommissioning of the kiln at Siguaney has enabled the production of clinker, key in supplying the local market with cement and opening up possibilities for supply across a wider area and eventually, cement exports. However, for now, there is a cement shortage despite growing emigration. In 2022 build... |