Cement News tagged under: corporate
Mikhaylov Construction Materials Plant completes Eurocement acquisition16 July 2021, Published under Cement NewsSberbank has closed a deal to sell parent company Eurocement Group's shares and debt to OOO Mikhailovsky Kombinat Stroitelnykh Materialov (Mikhaylov Construction Materials Plant), which won the auction organised on the Russian Action house’s electronic platform. The transaction was valued at RUB161bn US$2.214bn). The deal will have a positive impact on the group’s financial performance and will be reflected in Sber Group's IFRS Report for 3Q21. |
Oman Cement posts 5% decline in net profit15 July 2021, Published under Cement NewsOman Cement has posted a 4.8 per cent decline in net profit to OMR2m (US$5.2m) in the first half of 2021, compared to OMR2.1m in the year-ago period. Total revenue fell 9.1 per cent YoY to OMR24m from OMR26.4m in the 1H20. |
Raysut Cement sees net loss contract in 1H2115 July 2021, Published under Cement NewsOman’s Raysut Cement Co has seen its net loss after tax contract to OMR3.2m (US$8.3m) in the first half of 2021, compared to OMR10.9m in the same period of last year. Total revenue remained largely consistent YoY at OMR45m from OMR44.8m in the 1H20. |
Cimencam appoints new executive board chairman15 July 2021, Published under Cement NewsCameroon’s former Minister of Mining, Jacques-Yves Mbélé Ndoé has been appointed chairman of the Cimencam’s executive board and as a result, is also the representative of the country’s President in the company’s executive board. He succeeds Pierre Moukoko Mbonjo as of 13 July 2021. After his training in Dakar, Senegal, Mr Mbélé Ndoé joined the Cameroon government from 7 December 1997 until 24 August 2002. His appointment comes days after Minister of Trade, Luc Magloire Mbarga Atangana’s ... |
Lafarge Cement Zimbabwe to double cement capacity in 202214 July 2021, Published under Cement NewsLafarge Cement Zimbabwe (Holcim group) plans to double its cement milling capacity upon completion of the installation of a new vertical roller mill (VRM) in 2022. "The supply contract was signed in August 2020 and the manufacturing of the plant commenced the following month. Civil works for the VRM have since started and the expected completion date for the project is February 2022," Lafarge Cement Zimbabwe stated. The mill installation will be the last phase of a US$25m investment pl... |
Tangshan Jidong sees cement and clinker sales rise 14%14 July 2021, Published under Cement NewsChina’s Tangshan Jidong Cement expects its net profit to rise 20-30 per cent YoY to CNY1.2-1.3bn (US$185-200m) in the first half of 2021, compared to CNY1bn in the year-ago period. The company has attributed the rise in profit to an increase in cement and clinker sales, continued strengthening of cost control and a decline in expenses. Its consolidated sales of cement and clinker advanced 14 per cent to around 48Mt. |
Dangote acquires 20,000 vehicles to improve distribution13 July 2021, Published under Cement NewsNigeria’s Dangote Cement has acquired 20,000 additional vehicles to improve the distribution of its products across the country. The vehicles, made up of trucks, trailers and tippers, represent an investment of US$150m. "These assets would meet the expected increase in demand for transportation of cement to every part of the country and create employment for over 4000 people in Nigeria," said Dangote spokesperson Tony Chiejine. "We have acquired the new trucks in line with our new expan... |
Aumund takes over KoWey after-sales service13 July 2021, Published under Cement NewsAumund Fördertechnik GmbH has taken over the after-sales service from KoWey (Germany) and from KCT Engineering (India) on all machinery, including original spare parts and retrofits, respectively conversions with regard to the bucket elevators and conveying systems supplied worldwide. Aumund says its P REMAS ® Services for preventive and predictive maintenance are highly recommended worldwide for all installed KoWey machines to check the conditions and to suggest the corresponding mai... |
Cemex completes Buñol cement plant sale12 July 2021, Published under Cement NewsCemex has announced that it has successfully closed the previously announced sale of its white cement business, including its Buñol cement plant in Spain, to Çimsa Çimento Sanayi Ve Ticaret AS, for a total consideration of approximately US$155m. Cemex will retain its white cement assets, business activities and investments in Mexico and the United States, as these are not part of the announced divestment. Proceeds from this divestment will be used primarily to fund the company’s bolt-o... |
Newberry plant sets two new records12 July 2021, Published under Cement NewsArgos has announced that in June 2021 its Newberry plant in Florida, USA, smashed two previous records. It produced 140,421t, beating the previous record set in June 2019 (127,800t) by nearly 20,000t. Because of this increase in production, the plant was also able to ship 128,728t of product to customers and its ready-mix plants, beating the previous record of 120,900t, set in 2019, by more than 7000t. "Everyone at the Newberry plant is excited and proud to see these records being set. W... |