Cement News tagged under: corporate
Hanson UK warned over Cement Data Order breach30 November 2020, Published under Cement NewsHanson (HeidelbergCement group) has been warned by the Competition and Markets Authority (CMA) for inadvertently releasing sensiitve market information when it made a payment to its trade association, the Mineral Products Association. Sharing information about the cement volumes produced in the last year contravenes the Cement Data Order of 2016, which protects the industry from anti-competitive collusion. Alistair Thompson, CMA director for remedies, business and financial analysis,... |
YTL Corp posts 18% rise in revenue27 November 2020, Published under Cement NewsMalaysia’s YTL Corp has posted an 18.2 per cent MoM increase in revenue to MYR4.2bn (US$1.03bn) for the third quarter of 2020, compared with MYR3.5bn in the 2Q20. Pre-tax profit also improved to MYR136.8m from a loss of MYR135.5m in the previous quarter. The sequential improvement in performance was mainly driven by its cement and utilities segments. |
Carbon8 makes new appointment to the Board27 November 2020, Published under Cement NewsCarbon8 Systems has appointed Paul Collins to the Board of Directors. Carbon8 is a UK-based company that invented and owns a process that combines industrial waste and residues with captured CO₂ emissions to produce high-value construction aggregate. Paul joins Carbon8 Systems after 12 years at BWB Group, the multi-disciplinary engineering and environmental consultancy. His arrival at Carbon8 Systems, to drive the company’s financial evolution, coincides with the company’s first commer... |
Tokyo Cement (Lanka) announces expansion plans26 November 2020, Published under Cement NewsSri Lanka’s Tokyo Cement Co (Lanka) has recently entered into an investment agreement with the country’s Board of Investment for a plant expansion project. The company is expected to expand its plant in Trincomalee by 1Mta with an investment of US$12m. The company has an 18-month plan to increase production, which is expected to reinforce the company's readiness to cater to the future demand growth from the local construction industry. |
thyssenkrupp invests in Reno service centre26 November 2020, Published under Cement Newsthyssenkrupp Industrial Solutions (USA) Inc is investing in a new service centre in Reno, Nevada, to bring field service expertise, machining, fabrication and refurbishment capabilities closer to its cement and mining industry customers in North America and particularly in the western US. The new service centre will provide 994m 2 (10,700ft 2 ) of workshop space and will enable the company to provide local expertise with faster response and deliveries, strengthening thyssenkrupp Industri... |
CRH posts 2% rise in EBITDA for 9M2025 November 2020, Published under Cement NewsCRH has reported a three per cent like-for-like (LfL) decrease in its sales to US$20.6bn for the nine-month period to the end of September 2020, maintaining the level of sales decline reported at the half-year stage. Despite the lower sales, EBITDA for the period was US$3.4bn, up two per cent on a LfL basis. This reflected a continued focus on cost rationalisation and mitigating actions to minimise the financial impacts of lower sales caused by the pandemic. The group reported US$65m of non... |
JSW Cement delays IPO plans25 November 2020, Published under Cement NewsIndia’s JSW Cement has pushed back its plans for an initial public offering (IPO) to December 2022, as a result of the slowdown and disruption caused by COVID-19. The company had already generated a plan to expand its combined cement capacity to 25Mta by 2023 at an investment of INR36bn (US$486.86m). "In 2019, the sector had degrowth, in 2020 COVID hit us. Now December 2022 is a logical timeline for us for the IPO," said Parth Jindal, managing director. |
Clinker dispatches via Paraguay River return25 November 2020, Published under Cement NewsCement production is expected to recover from this week as clinker supply via the Paraguay River is returning to normal this week, reports Hoy. This will enable Industria Nacional del Cemento to increase cement production to more than 30,000 bags/day as the company’s clinker supply is more efficient. "Clinker production moves through the river and the land efficiency is not the same," said Ernesto Benítez, INC president, mentioning that production is more significant using river transport. |
Holcim Philippines to streamline corporate structure24 November 2020, Published under Cement NewsThe board of Holcim Philippines Inc (HPI) has approved the merger of three majority-owned subsidiaries (Bulkcem Philippines Inc, Mabini Grinding Mill Corp and Holcim Philippines Manufacturing Corp) into the company to streamline corporate structure. The company is now expected to hold a special stockholders’ meeting on 15 January 2021 for the approval of the transaction. Bulkcem Philippines currently leases its Iloilo bulk terminal to HPI, while Mabini Grinding Mill Corp leases its gri... |
Tourah Portland Cement reports 10% decline in net sales24 November 2020, Published under Cement NewsEgypt’s Tourah Portland Cement has reported a net loss of EGP56.7m (US$3.62m) in the third quarter of 2020, compared to a net loss of EGP55.3m in the year-ago period. Net sales declined 9.8 per cent YoY to EGP13.8m from EGP15.3m in the 3Q19. |