Cement News tagged under: corporate
National Cement to boost production and build new plant09 September 2020, Published under Cement NewsEthiopia’s National Cement (East African Holdings) is currently conducting a study at its plant in Dire Dawa to boost its 3000tpd capacity by 30 per cent. "We are planning to start implementing this plan and start producing 4000t of cement per day within the coming six months," said Buzuayehu Tadele Bizenu, board chairman of East African Holdings. Last year, the company produced over 1.2Mt of cement with most of the cement products sold in the domestic market. East Africa Holdings i... |
CARRILU inaugurates DRC cement plant09 September 2020, Published under Cement NewsThe Minister of Industry of the Democratic Republic of Congo (DRC), Julien Paluka, has officially opened the Carrière de Lualaba (CARRILU) cement works in Kolwezi, Lualaba province, DRC. The company also includes a stake by the China-based Zijin group. The new works is expected to produce 1500tpd of grey cement to serve the local market. In addition, it will provide employment to at least 1000 employees, according to Journal de Kinshasha. "The production of cement on site in Kolwezi, dem... |
Lucky Cement posts 23% rise in August revenue09 September 2020, Published under Cement NewsTaiwan’s Lucky Cement has announced a 22.9 per cent YoY rise in August revenue to TWD366.8m (US$12.5m) from TWD298.5m in the same month of 2019. In the first eight months of 2020, the company posted a 26.9 per cent YoY advance in revenue to TWD2.98bn from TWD2.3bn. |
Fauji Cement announces new director09 September 2020, Published under Cement NewsPakistan’s Fauji Cement Company Ltd has announced the appointment of Imran Moid as a director of the company, with effect from 7 September 2020. Mr Moid will take the place left by the departure of Rehan Laiq. The announcement follows news of the company’s results earlier this week. |
Fauji Cement posts FY2020 loss of PKR59m08 September 2020, Published under Cement NewsFauji Cement Co Ltd declared a loss of PKR59m (US$0.355m) for the year ended 30 June 2020. The company earned PKR2.824bn in the year ended 30 June 2019. “FCCL’s topline witnessed a decline of 27 per cent YoY to PKR3.75bn during 4QFY20 led by weaker retention prices as well as an 11 per cent dip in dispatches to 705,000t (local off-take dwindled by five per cent YoY to 700,000t),” reported Arif Habib Ltd in its analysis. In FY20 the topline suffered a decline of 17 per cent YoY as lower re... |
Cemex España seeks authorisation for Cemex Latam public offering08 September 2020, Published under Cement NewsCemex España has requested the authorisation of the Financial Superintendency of Colombia (SFC) to begin a public offering of every ordinary and outstanding share of Cemex Latam registered in the National Register of Securities and Issuers of Colombia and the Colombian Securities Exchange. The public offering is expected to be addressed to all Cemex Latam shareholders, with the exception of those owned by Cemex España or Cemex Latam. The bid review is estimated to take between 2-4 weeks. ... |
Tourah Cement loss contracts 67% in 1H2007 September 2020, Published under Cement NewsTourah Cement reported a 67 per cent fall in net losses to EGP-151.97m (US$-9.6m) in the 1H20 when compared with EGP461.25m reported in the 1H19, according to Mubasher. However, sales dropped to EGP83.8m between January-June 2020 from EGP473.2m in the year-ago period, according to a bourse disclosure on Sunday. |
Suez Cement consolidated losses increase in 1H2007 September 2020, Published under Cement NewsEgypt-based Suez Cement sales decreased to EGP2.7bn (US$170.9m) during the January-June 2020 period, down from EGP3.3bn in the 1H19. The company’s consolidated financial statements also showed a 99 per cent YoY increase in its net losses to EGP-709.31m in the 1H20, compared to EGP-356.49m. Standalone losses amounted to EGP-463.3m from EGP590.5m in the year-ago period. |
CIMAF Gabon inaugurates second line04 September 2020, Published under Cement NewsCiments d’Afrique (CIMAF) Gabon has inaugurated its second production line at the Owendo plant. The 0.35Mta line will lift the plant’s total capacity to 0.85Mta after an investment of XAF9bn (US$16.3m). It includes a new-generation 50tph crusher and two 500m3 storage silos. To optimise production the company plans a further XAF65bn investment to build a clinker production plant. At present CIMAF Gabon leads Gabon’s cement market. The country has a total annual output of 1.2Mta, double the ... |
Yguazú Cementos recommences output but shortage remains04 September 2020, Published under Cement NewsParaguay-based Yguazú Cementos SA has restarted production and while operating at full capacity, the cement shortage in the Latin American country currently persists. The company does not expect a change in the market situation as it is faced with cost overruns and Portland cement imports. Yguazú Cementos SA reported that it completed the repair of a broken-down transformer, which had caused the plant to halt production. “Our plant is already operating at full capacity. We once again exten... |