Cement News tagged under: corporate
Scheuch announce new Asia MD11 June 2021, Published under Cement NewsMirko Köhler will become Scheuch Asia's managing director in mid-June 2021. He takes over from Jan Eike Graeff, who has successfully managed Scheuch Asia since 2019. German-born Mirko Köhler is currently Asia-Pacific regional manager for a German industrial fire protection company. The introduction of complex European technologies into Asian industrial processes are among his expertise. "Southeast Asia has become my second home after 16 years," says Mr Köhler. "I feel very connected t... |
CSN Cimento is closing in on Brazilian plant acquisition10 June 2021, Published under Cement NewsBrazilian steelmaker CSN is in talks to acquire Cimento Elizabeth for roughly US$250m, the Valor Economico newspaper reports. CSN confirmed the negotiations, without disclosing further detail, according to Reuters. CSN Cimento operates one integrated plant and one grinding unit in Brazil with a total cement capacity of 4.4Mta. The company is also planning a new 3Mta integrated works in Paraná. The Cimento Elizabeth unit is a 1.1Mta integrated cement facility in Alhandra, Par... |
Taiwan's producers see largely positive results in May10 June 2021, Published under Cement NewsTaiwan’s Hsing Ta Cement has posted an 11.3 per cent YoY decline in revenue to TWD627.35m (US$22.65m) in May, compared to TWD706.92m in the year-ago period. However, in January-May 2021 revenue advanced 21.2 per cent to TWD3.21bn from TWD2.64bn in the 5M20. Elsewhere, Universal Cement posted a 32.4 per cent rise in revenue to TWD533.8m from TWD403m in May 2020. Revenue in the first five months of the year also climbed 16.8 per cent to TWD2.5bn from TWD2.14bn. Chia Hsin Cement also saw rev... |
Zambezi Portland Cement allows retail purchases direct from plant09 June 2021, Published under Cement NewsZambia’s Zambezi Portland Cement has allowed the direct retail purchase of cement from its cement plant to reduce price exploitation in the market. The company’s CEO, Gomeli Litana, has said the company has a set price and that it was not interfering in price fixing on the retail market. "As a cement producing company, we do support not only large buyers but small scale consumers, you can come here and buy 100 or 200 bags," he said. |
Lucky Cement sees 6% decline in revenue09 June 2021, Published under Cement NewsTaiwan’s Lucky Cement has seen its revenue stay largely flat at TWD357.04m (US$12.87m) in May 2021, compared to TWD357.16m in the year-ago period. In the January-May period, revenue declined 6.3 per cent YoY to TWD1.75bn from TWD1.87bn in the 5M20. |
Fancesa considers lowering prices09 June 2021, Published under Cement NewsBolivia-based Fancesa is looking to lower prices to improve its sales and is changing its selling practices. "Our cement is the most expensive in the entire national territory," said the Governor Damián Condori after the extraordinary shareholders' meeting that was held yesterday at the company's offices. This does not allow Fancesa to be more competitive, particularly not during the COVID-19 pandemic, he added. “In our city just, El Puente, cement is at BOB41 [US$5.95]. Our cement is at B... |
MI Cement Factory moves forward with expansion plans08 June 2021, Published under Cement NewsBangladesh’s MI Cement Factory has reopened its investment plan worth BDT7.70bn (US$91.74m), which will see it set up its sixth production line at its factory in Munshiganj. The new production line will add 8280tpd to its existing capacity of 11000tpd. The company has postponed the project in October last year, but has reversed the decision following the industry’s recovery from the impacts of the pandemic. |
Vulcan Materials Co to acquire US Concrete08 June 2021, Published under Cement NewsVulcan Materials Co and US Concrete Inc have entered into a definitive merger agreement. Vulcan will acquire all of the issued and outstanding shares of US Concrete common stock for a purchase price of US$74/share in cash, which represents a total equity value of US$1.294bn. The transaction has been unanimously approved by the boards of directors of both companies and is expected to close in the second half of 2021, subject to US Concrete shareholder approval, regulatory clearance, and oth... |
JSW Group links steel and cement for large project businesses08 June 2021, Published under Cement NewsFollowing the successful integration of its retail trade across steel and cement into JSW One in the east, the US$12bn JSW Group and India's largest steel producer will now have a single group interface for all its large project divisions in the steel and cement businesses. The Indian conglomerate has created Aikyam, a technology platform where details can be accessed by the managers of large project divisions from both these businesses to capitalise on the potential opportunities. Aikya... |
Steppe Cement records 14% rise in profit07 June 2021, Published under Cement NewsKazakhstan’s Steppe Cement has posted a net profit of US$11.1m for 2020, up 14.4 per cent YoY from US$9.7m in the previous year. EBITDA also saw a modest increase to US$24.2m from US$23.9m in 2019. However, the company’s cement sales volume decreased 4.1 per cent YoY to 1.65Mt from 1.72Mt. Local sales declined by six per cent, due to milling limitations during two months of the high season, while exports advanced 20 per cent. According to a statement, Steppe Cement operated both lines ... |