Cement News tagged under: corporate
Steppe Cement sees sales volume rise 10%07 July 2021, Published under Cement NewsKazakhstan’s Steppe Cement has seen its cement sales volumes rise 10 per cent YoY to 840,661t in the first half of 2021, compared to 764,752t in the first six months of last year. Turnover also advanced 22 per cent YoY to KZT16,657m (US$38.87m) from KZT13,677m. The average ex-factory cement price in the 1H21 was KZT16,571/t against KZT14,727/t. The cement market in the country showed 25 per cent growth during the period. Imports represented 5.2 per cent of the local market and exports inc... |
Belarusian Cement Plant reports 7% production increase07 July 2021, Published under Cement NewsBelarusian Cement Plant has reported a 7.3 per cent YoY rise in production to 710,000t of cement in the first five months of 2021. The volume of production in actual prices rose 14.2 per cent to BYN115.9m (US$45.39m) during the period. The company reported BYN7m in sales profit in January-May 2021, with half of this amount made in May alone. |
Jammu and Kashmir Cement awaits closure06 July 2021, Published under Cement NewsThe government of Jammu and Kashmir are close to winding up J&K Cement Ltd. This is the only government-owned cement manufacturing plant in Jammu and Kashmir, India. Officials informed that majority of the employees of J&K Cement Ltd have been put “on deputation” to some departments after the corporation was unable to generate revenue to clear its salary bills. "The JKCL is almost closed, now only an official order is required to wind it up. There is no staff except a few watchmen who ... |
JK Cement launches new brand identity06 July 2021, Published under Cement NewsJK Cement has launched a contemporary and forward-looking corporate brand identity. The new avatar of JK Cement was officially unveiled at a virtual event by Dr Raghavpat Singhania, managing director, JK Cement, Madhavrishna Singhania, deputy managing director and chief executive officer, JK Cement, and AK Saraogi, deputy managing director and chief finance officer, JK Cement. "Our new corporate identity is inspired by Shri Yadupati Singhaniaji’s vision, values and legacy. It is his v... |
BUA rewards employees with NGN2bn bonuses after record year05 July 2021, Published under Cement NewsAbdul Samad Rabiu, the largest shareholder and Chairman of BUA Cement Plc, Nigeria, has announced a share bonus gift from his pool of shares for employees of the company worth about NGN2bn (USD4.87m). Rabiu said the bonus pool was in recognition of the workers’ efforts to keep the company profitable despite the pandemic and predictions of a tough year. In a statement, the company explained that despite the pandemic, BUA Cement remained one of the most profitable companies in Nigeria. It ha... |
JK Cement aims for 10% revenue growth in FY2205 July 2021, Published under Cement NewsIndia’s JK Cement is targeting up to 10 per cent revenue growth in the FY21-22, due to a push for more infrastructure projects and pent-up demand, according to The Mint. Alongside these growth projections, the company is looking to complete its Panna expansion project in 2022, which was delayed due to the pandemic. The project is expected to take the company to a capacity of 20Mta, with further expansions planned to take it to 25Mta over the next five years. |
Lhoist North America starts up new lime kin05 July 2021, Published under Cement NewsLhoist North America and Maerz Ofenbau AG have started up a new lime kiln in Montevallo, USA. The Maerz R4S type PFR kiln has a nominal production rate of 600tpd of soft-burned lime. Lhoist North America is also expanding its dolomitic quicklime production at Marble Falls, Texas, as well as a new lime kiln at its New Braunfels, Texas facility. |
Umm Al Qura Cement appoints chairman05 July 2021, Published under Cement NewsSaudi Arabia’s Umm Al Qura Cement Co has appointed Abdullah Abdulaziz Suleiman Alabdulatif as its chairman. The board also appointed Saud Mahamed Ali Al Sabhan as vice-chairman, according to a bourse filing. The board also approved the formation of the Remuneration and Nominations committees, the appointment of representatives before the Capital Market Authority and the Saudi Stock Exchange (Tadawul). |
CSN confirms acquisition of Elizabeth Cimentos02 July 2021, Published under Cement NewsBrazil’s Companhia Siderúrgica Nacional (CSN), the largest steel company in Brazil and Latin America, has reached an agreement to acquire Elizabeth Cimentos for BRL1.08bn (US$214m). The deal has been made through its subsidiary, CSN Cimentos, and will boost its cement capacity in the northeast of the country by 1.3Mta, bringing it to around 6Mta in total. |
Saudi Cement announces new board member02 July 2021, Published under Cement NewsSaudi Cement Co has announced the resignation of board member Mohammad Sulaiman Balghonaim and the appointment of Mansour Mohammed Balghonaim as a member of the board to complete the term of his predecessor for the remainder of the current term, which ends on 31 December 2021. Mr Balghonaim has around 16 years of experience in banking and currently serves as head of Business Development for Wholesale Banking at the Gulf International Bank. |