Cement News tagged under: corporate
Dalmia Cement announces CFO resignation15 October 2020, Published under Cement NewsIndia’s Dalmia Cement (Bharat) has announced the resignation of Jayesh Nagindas Doshi from the position of whole-time director and chief financial officer. The board has approved to relieve Jayesh Doshi from the closure of business hours on 31 October 2020. |
Premier Cement sets date for production at new units14 October 2020, Published under Cement NewsBangladesh’s Premier Cement is yet to begin production at two of its new manufacturing units despite being fully-prepared in March, as a few key foreign experts and employees could not return to Bangladesh due to the COVID-19 pandemic. "We could not start production within the stipulated time due to the absence of some technical experts and workers from China and Denmark," said Mohammed Amirul Haque, managing director. After operating on a trial basis for a month, the units were schedu... |
Raysut Cement acquires 75% stake in Maldives terminal14 October 2020, Published under Cement NewsOman’s Raysut Cement Co has announced that its has acquired a 75 per cent stake in LafargeHolcim’s cement terminal at Thilafushi Island in the Maldives. As a result, it has formed a new joint venture, Raysut Maldives Cement Pvt Ltd. The new entity, with the State Trading Organisation (STO) of Maldives owning 25 per cent, has plans to expand the terminal's capacity from 75,000tpa to over 200,000tpa. The terminal will be owned and operated by the RCC-STO joint venture entity. "The Maldiv... |
Cemex secures green financing14 October 2020, Published under Cement NewsCemex SA de CV has closed the amendment process under its facilities agreement, dated 19 July 2017. Cemex is extending US$1.1bn of term loan maturities by three years from 2022-25 and approximately US$1.1bn of commitments under the revolving credit agreement by one year from 2022 to 2023. Cemex is also prepaying US$530m corresponding to the July 2021 amortisation under the facilities agreement to institutions participating in the extension. The Mexican company will renominate US$313m of ... |
Buzzi Unicem proposes mandatory conversion of saving shares into ordinary shares12 October 2020, Published under Cement NewsBuzzi Unicem has announced its intention to convert savings shares into ordinary shares to streamline and simplifying the capital structure of Buzzi Unicem SpA, as well as at reducing corporate obligations and costs associated with the existence of different categories of shares. The Board of Directors of Buzzi Unicem SpA resolved to submit the proposal to shareholders for the mandatory conversion of savings shares into ordinary shares (the 'Conversion'), on the basis of a conversion rati... |
Taiwanese manufacturers report 9M20 results12 October 2020, Published under Cement NewsTaiwan Cement Corp has seen a 3.7 per cent YoY fall in September revenue to TWD9.75bn (US$340.96m) from TWD10.12bn in the same month last year. In the first nine months of 2020, revenue declined 6.1 per cent to TWD82.25bn from TWD87.56bn. Elsewhere, Lucky Cement saw its September revenue advance 21.9 per cent YoY to TWD380.77m from TWD312.44m in the year-ago period. In the 9M20, revenue climbed 26.3 per cent YoY to TWD3.36bn from TWD2.66bn. |
Hoffmann Green Cement signs supply contract with Cemex12 October 2020, Published under Cement NewsHoffmann Green Cement Technologies has signed a three-year contract with Cemex France to supply low-carbon and clinker-free cements on the ready-mix market. For the Ile-de-France and Aquitaine regions, Hoffmann Green will supply Cemex with the low-carbon cement resulting from its H-UKR and H-EVA technologies, enabling CO 2 emissions to be divided by five compared with the use of traditional cement. "The signing of this structuring contract with Cemex France today enables us to achieve... |
MI Cement Factory postpones expansion plan12 October 2020, Published under Cement NewsThe MI Cement Factory Ld (MICFL) in Bangladesh informed the Dhaka Stock Exchange (DSE) on 11 October that the Board of Directors of the company, have approved the postponement of setting up the sixth cement unit in central Bangladesh. They cited as reason the severe negative impact of COVID-19 on the Bangladeshi cement industry. Earlier in January 2019, the company announced its plan to expand its daily production capacity by 76 per cent to 19,400t with the introduction of the sixth m... |
Gebr Pfeiffer's Indian subsidiary celebrates 20th anniversary12 October 2020, Published under Cement NewsOn 26 September 2020, the oldest of Gebr Pfeiffer's seven international subsidiaries celebrated its 20th anniversary. Employees of Gebr Pfeiffer (India) Private Ltd, based in Noida, near New Delhi, met at 11 am local time in a virtual meeting to celebrate the foundation. The ceremony started with some video speeches. First of all, Mathias Dülfer, Chairman of the Gebr Pfeiffer parent company, reviewed the success story of the subsidiary. This was followed by a video message from his fell... |
Nuvoco celebrates 'International Day of the Girl Child'12 October 2020, Published under Cement NewsNuvoco Cement celebrated 'International Day Of Girl Child' on 11 October 2020. Nuvoco's commitment towards women empowerment and contribution to the life of adolescent girls was reaffirmed by Mr Joydeep Chatterjee, Nuvoco Vistas Corp’s Chief Projects & Corporate Affairs Officer. Mr Joydeep Chatterjee said: "Guided by one of its core values, care, Nuvoco has worked at making a responsible and sustainable contribution to society. One such cause is offering girls and women the opportunit... |