Cement News tagged under: corporate
Taiwan's producers see fall in November revenue10 December 2020, Published under Cement NewsTaiwan Cement Corp has reported a 6.8 per cent YoY decline in revenue for November to TWD10.89bn (US$385.81m) from TWD11.68bn in the year-ago period. In the January-November period, revenue fell 6.4 per cent YoY to TWD103.4bn. Elsewhere in the country, Asia Cement Corp’s revenue was down one per cent to TWD7.92bn from TWD8bn in November 2019. In the first 11 months of the year, revenue fell 13.9 per cent YoY to TWD69.9bn from TWD81.2bn. Hsing Ta Cement also posted a 17.4 per cent dip i... |
CCI starts investigation into Ambuja and ACC10 December 2020, Published under Cement NewsThe Competition Commission of India (CCI) has initiated an investigation against ACC and Ambuja Cements and other cement companies in the country regarding alleged anti-competitive behaviour, according to regulatory filings. "ACC is of the firm view that it has acted and continues to act in compliance with competition laws and we are fully cooperating with the investigation and providing all necessary information to the authorities. ACC has a long-standing commitment to fair competition as... |
Punjab government approves five cement plants09 December 2020, Published under Cement NewsThe Punjab Chief Minister Sardar Usman Buzdar has approved setting up five new cement plants by the private sector in Punjab province, Pakistan, at an estimated investment of PKR150bn-200bn (US$0.935bn-1.246bn). The winners' names are yet to be disclosed officially, but the market believes approval was given to Lucky Cement, DG Khan, PIOC, Kohat Cement and Fauji Cement Ltd. Earlier, the cement industry in Pakistan expects double-digit growth in demand of 12-14 per cent for the current fis... |
Veolia signs contract to co-process wind turbine blades09 December 2020, Published under Cement NewsGE Renewable Energy has signed a multi-year agreement with Veolia North America (VNA) to recycle blades removed from its US-based onshore wind turbines during upgrades and repowering efforts. VNA is expected to process the blades for use as a raw material and fuel for cement production. Similar recycling processes in Europe have been proven to be effective at a commercial scale. As a part of the agreement, the blades will be shredded at VNA’s processing facility in Missouri and then used... |
Lucky Cement reports 16% rise in November revenue09 December 2020, Published under Cement NewsTaiwan’s Lucky Cement has reported a 16.3 per cent YoY increase in revenue for November 2020, rising to TWD402.13m (US$14.24m) from TWD345.87m in November 2019. In the January-November 2020 period, revenue climbed 23.5 per cent YoY to TWD4.14bn from TWD3.35bn. |
PPC sees EBITDA rise 15% in 1H2008 December 2020, Published under Cement NewsSouth Africa-based PPC has seen its group revenue edge up one per cent to ZAR5.01bn (US$331.1m) in the half-year period ending 30 September 2020, compared to ZAR4.95bn in the 1H19. The rise has been attributed to robust cement sales after COVID-19 restrictions were eased. Group EBITDA increased 15 per cent YoY to ZAR996m from ZAR868m, with an EBITDA margin of 19.9 per cent. Operating profit also rose 77 per cent to ZAR610m against ZAR344m in the year-ago period. However, profit after tax f... |
Scheuch subsidiaries make senior management appointments08 December 2020, Published under Cement NewsTwo Scheuch subsidiaries make senior management appointments, while Scheuch USA Inc announces its new President Camcorp (Scheuch), a manufacturer of high-performing air pollution control and pneumatic conveying equipment, has appointed Dan Bruyn as chief operating officer from 16 November 2020. Dan Bruyn will be responsible for engineering, manufacturing, project management and administration. Mr Bruyn has 25 years of successful operational experience as a leader in manufacturing envi... |
Loma Negra forced to stop kilns in Olavarría07 December 2020, Published under Cement NewsA conflict between Argentina’s mining workers' union and Minerar, a key supplier of raw material, has forced Loma Negra to halt its two kilns in Olavarría. If the issue continues, cement dispatches are expected to be interrupted in the coming days. The disruption comes within days of the country’s government announcing the decision to monitor the supply of building materials, to ensure the flow to private and public works. Loma Negra is carrying out an US$350m expansion project at its ... |
UltraTech Cement announces 12.8Mta capacity expansion04 December 2020, Published under Cement NewsUltraTech Cement’s (Aditya Birla Group Cement) Board of Directors have approved an increase of cement capacity by 12.8Mta with a mix of brownfield and greenfield expansions. The additional capacity will be created in the fast-growing markets of the eastern, central and northern regions of India. Kumar Mangalam Birla, chairman of the Aditya Birla Group, said: "This significant investment in a core infrastructure sector will accelerate the wheels of economic activity and aid the kickstar... |
Birla Corp to raise INR1.5bn through NCDs04 December 2020, Published under Cement NewsIndia’s Birla Corp is set to raise around INR1.5bn (US$20.3m) through secured unlisted redeemable non-convertible debentures (NCDs). As such, the company has approved the allotment of 1500 NCDs worth INR10,00,000 each, on a private placement basis. |