Cement News tagged under: corporate
LafargeHolcim makes changes to Board of Directors09 April 2021, Published under Cement NewsLafargeHolcim has announced changes on its Board of Directors. Oscar Fanjul has decided to step down as Vice-Chairman after serving on the Board of LafargeHolcim since 2015 and Jan Jenisch is being appointed as a member of the Board of Directors in addition to his CEO role. Beat Hess, chairman of the Board, said: "On behalf of the entire Board of Directors, I sincerely thank Oscar for his invaluable contributions since joining the Board of LafargeHolcim in 2015. He played an instrumental ... |
ECEBOL signs contract for natural gas supply08 April 2021, Published under Cement NewsECEBOL's new plant in Potosí, Bolivia, is expected to be supplied with natural gas by Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) through an 8km pipeline that will connect YPFB’s Transporte system with the cement factory. ECEBOL and YPFB signed a contract guaranteeing the supply of 11.9MMcf of natural gas per day, which will be used to produce cement and clinker that will supply national and international demand. "We have been making progress with the connections to the differen... |
Maple Leaf Cement Factory increases clinker capacity07 April 2021, Published under Cement NewsPakistan’s Maple Leaf Cement Factory has expanded clinker capacity at Line 3 of its Iskandarabad plant in Punjab. The brownfield project has boosted the line’s capacity by 500tpd to 7800tpd. As a result, the company’s total grey clinker capacity has now reached 18,500tpd from 18,000tpd previously. This is in advance of the 7000tpd Line 4 project, which was announced last month. |
St Marys Cement Bowmanville plant is to install a new wet scrubber07 April 2021, Published under Cement NewsThe commissioning of a new wet scrubber at St Marys Cement plant in Bowmanville is expected to result in a significant decrease in emissions. This is the first wet scrubber installed at a cement plant in Canada. The water injection technology washes out and scrubs pollutants from the outlet airstream of the plant. St Marys Cement Plant Operations Manager, Jim Storey, stated: "This US$25m investment in technology to improve the plant's environmental performance has proven to be effe... |
Dewan Cement appoints new director07 April 2021, Published under Cement NewsPakistan’s Dewan Cement has appointed Nida Jamil as a director of the company, with effect from 5 April 2021. Ms Jamil has been appointed in place of Waseem-ul-Haque Ansari, according to a company statement. |
South Valley Cement sees net loss narrow in 202006 April 2021, Published under Cement NewsEgypt’s South Valley Cement Co has recorded a net loss of EGP250.59m (US$15.97m) in 2020, narrowing from an EGP316.34m loss seen in the previous year. The company’s sales declined 20.3 per cent YoY to EGP350.21m from EGP439.26m in 2019. |
Kolos sees 17% profit drop in 202006 April 2021, Published under Cement NewsMauritius-based Kolos saw its profits fall by 17.4 per cent to MUR145m (US$3.57) from MUR175.6m in 2019. The company’s income declined from MUR1.4bn to MUR1.3bn. The drop in profit and income was the result of the lockdown due to the COVID-19 pandemic as well as the rising cost of raw materials as the rupee weakened. However, the company stated that “despite the difficult operating environment, the company showed tremendous resilience and demonstrated its ability to ensure continuous sup... |
BUA Cement sees 19% rise in profit01 April 2021, Published under Cement NewsNigeria’s BUA Cement has reported a 19.4 per cent rise in profit after tax to NGN72.3bn (US$189.5m) for 2020, compared to NGN60.6bn in the previous year. Revenue also advanced 19.3 per cent YoY to NGN209.4bn from NGN175.5bn. The company has attributed the positive results to its successful business continuity plan, alongside a growing market acceptance of BUA’s product offerings. |
PPC postpones its ZAR750m rights issue01 April 2021, Published under Cement NewsPPC Ltd, South Africa's biggest cement maker, held off on a planned rights issue of about ZAR750m (US$640m) following a sales boost and advancing talks on the disposal of its lime business. PPC has negotiated with lenders to postpone the share sale for at least six months, said CEO Roland van Wijnen. The group saw double-digit cement-revenue growth in its home market from the middle of last year, enabling it to meet interest payments, he said. PPC will also gain additional clarity o... |
LafargeHolcim closes Firestone Building Products acquisition01 April 2021, Published under Cement NewsHolcim Participations (US) Inc (LafargeHolcim) has successfully completed the acquisition of Firestone Building Products, following all regulatory approvals. Jan Jenisch, LafargeHolcim CEO said: “I warmly welcome the Firestone Building Products team into the LafargeHolcim family. Together, we will lead this iconic company’s next era of growth to become the global leader in flat roofing systems. Taylor Cole, Firestone Building Products President, said: “Today opens an exciti... |