Cement News tagged under: corporate
Suez Cement receives approval to delist from EGX31 December 2020, Published under Cement NewsThe Egyptian Exchange’s (EGX) listing committee has approved the voluntary delisting of Suez Cement Group from the EGX, according to a disclosure. Suez Cement's capital amounts to EGP909.28m (US$57.74m) distributed on more than 181.8m shares. The company purchased the shares of dissenting shareholders at EGP7.50 each. |
Reel International acquires FLSmidth Hamburg31 December 2020, Published under Cement NewsFrance’s Reel International, which specialises in industrial lifting equipment, has announced the acquisition of FLSmidth Hamburg GmbH. FLSmidth Hamburg, operating under the Möller brand, installs and maintains complex handling equipment for the energy, cement and aluminium industries. The company will be integrated into the French group on 1 January 2021, and will operate as Reel Möller GmbH. |
Angarskiy Cement Co begins work to improve energy supply31 December 2020, Published under Cement NewsRussia’s Angarskiy Cement Co, part of Siberian Cement Co, has begun works to improve its energy supply. As such, it has started the construction of a 335m cable overpass from its Tsemzavod substation to a transformer substation. The construction of the cable overpass is necessary for the restoration of the transformer substation, as its electrical equipment has reached end of life. The main part of the project is expected to be completed in February 2021 and commercial operation is schedul... |
Mfamosing plant is presented with MANCAP product quality certificates30 December 2020, Published under Cement NewsThe Standards Organisation of Nigeria (SON) has presented the Mandatory Conformity Assessment Programme (MANCAP) product quality certificates to Lafarge Africa Plc, Nigeria's operations. The presentation comes after products from the company's Mfamosing plant satisfactorily met confirmatory and standardisation requirements set by SON. While presenting the certificates, Mallam Farouk A Salim, Director General of SON, said: "Lafarge products at the Mfamosing plant were awarded the ... |
UltraTech Cement to raise US$135.8m in private placement29 December 2020, Published under Cement NewsUltraTech Cement Ltd, India's largest manufacturer and distributor of cement and cement-related products, has announced it will raise INR10bn (US$135.80m) in a private placement of unsecured redeemable non-convertible debentures (NCDs). UltraTech is considering a proposal to raise funds by issuance of 10,000 rated, listed, non-convertible, redeemable, unsecured NCDs of INR10,00,000 each. |
Dalmia adds 2.3Mta to Bengal capacity28 December 2020, Published under Cement NewsDalmia Cement (Bharat) Ltd has expanded its capacity in Bengal, India, by 2.3Mta to 4Mta. The expansion represents an investment of INR3.6bn (US$48.9m). The company expects pent-up demand from infrastructure projects and affordable housing following business disruption due to the COVID-19 pandemic. Therefore, it is also adding 2.3Mta of brownfield capacity in Odisha and revamp the operations of Murli Industries in Maharashtra to add 3Mta. “Today we are at around 29Mta approximately and w... |
Al Karama announces prequalifiers for Carthage Cement24 December 2020, Published under Cement NewsAl Karama Holding has published the list of prequalified candidates in the sale of the majority stake of Tunisia-based Carthage Cement. It includes domestic companies such as Madja Tunisia SA, Les Ciments Artificiels Tunisiens SA and Société des Ciments de Gabès SA as well as overseas cement producers such as SECIL (Portugal), Cemolins International SLU (Spain), and the consortium of M Boureima Ouedraogo (Burkina Faso) and Petrolcem srl (Italy). Al Karama Holding launched a call for expr... |
FLSmidth enters fabric filter technology agreement with Simatek24 December 2020, Published under Cement NewsFLSmidth has agreed to sell its fabric filter technology, a non-core business of FLSmidth's advanced filter technology (AFT) to Denmark-based industrial filter producer, Simatek A/S. Under the agreement, Simatek will supply FLSmidth with fabrick filters while FLSmidth will become a supplier of filter bags and filter cages to Simatek. Through the transaction, FLSmidth will retain its core AFT operations, which continue to be key in delivering the company's MissionZero strategy while Simate... |
Dangote Cement set to begin share repurchase scheme22 December 2020, Published under Cement NewsNigeria’s Dangote Cement is planning to begin a share buyback programme, starting with a first tranche of 85.2m shares or 0.5 per cent of the total in issue. The purchase is set to take place on 30 December. It is Nigeria’s first company to undertake a share buyback, as previous attempts failed due to fears that the process may be abused. The repurchase plans are not expected to exceed 10 per cent of its issued capital. The shares being purchased will be held as treasury shares and could... |
Breedon trading exceeds expectations21 December 2020, Published under Cement NewsBreedon, a leading construction materials group in Great Britain and Ireland, today issued an update on recent trading. The Group’s recent trading update, published on 18 November 2020, noted continuation of positive trading into the fourth quarter. Since then, the company said performance has continued to exceed expectations across the group, with revenues in November ahead of the prior year, on a like-for-like basis. "This strong trading performance has continued into December, in part... |