Cement News tagged under: corporate
Arabian Cement expects start Rabigh mills for 4Q2230 December 2021, Published under Cement NewsWhile completion of the new cement mills at Arabian Cement Co’s Rabigh plant in Saudi Arabia has reached 99.5 per cent, the project’s contractor, CNBM, has not been able to enter the country to resume work on the project, said Arabian Cement Co in a statement to the Saudi stock exchange. Resumption of work will be possible following the approval of relevant government agencies in China for the project team’s travel requirements. As a result, the expected date of commercial operations will ... |
Cemex to sell Costa Rica and El Salvador operations to Cementos Progreso30 December 2021, Published under Cement NewsMexico-based Cemex has signed an agreement for the sale of its operations in Costa Rica and El Salvador with Guatemala’s Cementos Progeso Holdings, for the amount of US$335m, to be completed in the first quarter of 2022. The assets up for sale include an integrated cement plant, a grinding station, seven concrete plants, an aggregates quarry and a distribution centre in Costa Rica as well as a distribution centre in El Salvador. The disposal of the operations are in line with Cemex’s str... |
Kohat Cement establishes a letter of credit for Punjab plant30 December 2021, Published under Cement NewsKohat Cement Co Ltd (KOHC) has informed Pakistan Stock Exchange (PSX) that the company has established a letter of credit for the import of plant and equipment for the pyro-process optimisation of its 6700tpd grey cement production line at Khushab in Punjab. On 17 February 2021, the company approved, subject to all regulatory approvals, setting up of 7800- 10,000tpd cement plant (along with 8-10MW waste heat recovery and 25MW coal-fired power plants), in Khushab. The estimated cost of ... |
Natal Portland Cement secures five-year loan27 December 2021, Published under Cement NewsAs part of Natal Portland Cement’s (NPC) strategy to enhance its capital structure and investments opportunities, company CEO and Chairman, Matias Cardell has announced the approval of a five-year loan by Standard Bank totalling ZAR500m (US$32.1m). “This transaction shows recognition from the largest South African bank on NPC’s solid results and our ability to generate sustainable cash flows," added Mr Cardell. “Thanks to the turnaround process we began in 2019, we have shown that man... |
Lafarge Cement Zimbabwe Ltd appoint new CEO27 December 2021, Published under Cement NewsLafarge Cement Zimbabwe Ltd (Holcim group) has appointed Mr Geoffrey Ndugwa as the new CEO. Prior to his appointment, Mr Ndugwa was the CEO of Lafarge Malawi between December 2019-November 2021. He has 17 years of cement industry experience working in various capacities across Africa, including Director for Bamburi Group in Kenya, General Manager of Innovation and Marketing for Lafarge WAPCO Nigeria Plc, General Manager of Bamburi Special Projects Ltd in Kenya, Head of Business Support at... |
InterCement sees light at the end of the tunnel24 December 2021, Published under Cement NewsFollowing InterCement Participações’s financial and management adjustment measures of the last two years, the cement producer is set to return to the markets in a leaner, healthier way. Between 2015-2018 the company, like other industry players, was hit in Brazil by falling cement demand and weighed down by high debts. “Many difficult decisions were made, but they made a lot of sense for the company,” Flávio Mendes Aidar, CEO of InterCement Participações, told Brazil-based business newsp... |
Holcim set to acquire Malarkey Roofing Products24 December 2021, Published under Cement NewsHolcim has signed an agreement to acquire Malarkey Roofing Products, a leading company in the US residential roofing market with projected 2022 net sales of US$600m and EBITDA of US$120m. Malarkey is complementary to Firestone Building Products’ leadership in the commercial segment, positioning Holcim as a full roofing provider. Malarkey’s strong brand recognition is driven by its leadership in innovation and sustainability with a highly circular business model, according to a press relea... |
Cementos Molins acquires Pretersa Prenavisa23 December 2021, Published under Cement NewsThrough its subsidiary Precon, Cementos Molins has acquired 100 per cent of precast concrete company Pretersa Prenavisa, owned by the European investment group Kartesia. The acquisition will support Cementos Molins’ growth in the precast concrete markets of Spain, Portugal and France and improve its product range of sustainable solutions in the construction sector. Founded more than 30 years ago, Pretersa Prenavisa is specialised in the engineering, design, manufacture, and assembly of pre... |
Eduardo Sánchez takes over management of Unacem Peru23 December 2021, Published under Cement NewsEduardo Sánchez Verdejo has taken over the general management of Unacem Peru. At the same time, Mr Sánchez will continue to fulfill the role of Corporate Industrial Vice President of Unacem Group, a role he has been performing since February 2021. He has more than 25 years of experience in the cement industry. In addition to his long career at Unacem, Mr Sánchez has been alternative fuels manager at Lafarge Ecocem, as well as production, optimisation and quality manager at Lafarge’s Montcad... |
Oman Cement invites bid for Line 4 project22 December 2021, Published under Cement NewsOman Cement has invited bids for a contract to expand the capacity of its plant in Rusayl. The company’s CEO, Salim al Hajri, noted that planned expansion includes the construction of a new line (Line 4) with a capacity of 10,000tpd of cement. In addition, the existing Line 3 would be upgraded to 5000tpd from the current 4000tpd. The expansion is expected to meet domestic demand and reduce import dependence. |