Cement News tagged under: corporate
Eagle Cement Corp will pursue expansion plans21 July 2020, Published under Cement NewsEagle Cement Corp will pursue its expansion plans despite the impact of the coronavirus pandemic. Expansion-related capital expenditures will continue while spending for non-critical projects and activities "will be trimmed," said Eagle president and CEO, Paul Ang. "Our strong financial position will allow us to weather this health crisis battering the economy without giving up major components of our expansion plans, which will secure our future growth," Mr Ang said. For this year, Eagl... |
Orient Cement evaluates COVID-19 impact on operations20 July 2020, Published under Cement NewsIndia's Orient Cement Ltd estimates that it lost around 225,000t of cement sales towards the end of the FY19-20 due to the COVID-19 pandemic, which may have an impact of up to INR300m (US$4m) on its EBITDA. However, the company also noted that it doesn't anticipate any challenges in meeting its financial obligations going forwards. |
thyssenkrupp Industrial Solutions relocates Asia Pacific cement business HQ to Vietnam17 July 2020, Published under Cement NewsthyssenKrupp Industrial Solutions has moved is Asian-Pacific headquarters to Hanoi in Vietnam. The company has more than 80 employees in its Vietnam office with further regional offices in Singapore, Indonesia, the Philippines and Thailand. "Considering that Vietnam is the largest market in terms of cement production in our dynamic and growing Asia Pacific region," says Pablo Hofelich, CEO of thyssenKrupp's Cement Technologies. "I am convinced of the success of this strategic move to bundle... |
Holcim Argentina appoints new commercial director17 July 2020, Published under Cement NewsHolcim Argentina has named Victor Mariaca as new commercial director. Mr Mariaca held previously commercial positions within Holcim, including regional commercial manager. He has also led commercial development at Grupo Herdez and Clorox in Mexico. "I am very happy to assume this new position, I hope I can contribute my experience to help the company achieve its objectives in this great country," said Mr Mariaca, who is Mexican and has a degree in Marketing from the Institute of Technolo... |
Argos delivers masks and biosafety kits17 July 2020, Published under Cement NewsArgos has been delivering 23,000 face masks to construction and hardware customers throughout Colombia as well as biosafety kits to business customers. The biosafety kits consist of thermometers and floor charts, for social distancing, and a digital application to monitor health conditions at points of sale to prevent the spread of COVID-19. "At Argos we have the firm intention of being the best allies to our customers," said Tomás Restrepo, vice president of Argos Colombia region. |
Eagle Cement Corp aims to complete Bulacan expansion in 202016 July 2020, Published under Cement NewsPhilippine-based Eagle Cement Corp is now looking to complete its 2Mta Bulacan plant expansion before the year ends, following delays related to the COVID-19 pandemic. "This plant was supposed to have been turned over and commissioned this second quarter of this year. But because of the pandemic, management is committing to deliver this plant by end quarter of this year," said John Paul Ang, Eagle Cement president and CEO. The company’s CFO, Monica Ang, also noted that the company has r... |
Oman Cement sees 9% decline in 1H20 profit16 July 2020, Published under Cement NewsOman Cement Co has reported an 8.7 per cent decline in net profit after tax to OMR2.1m (US$5.46m) for the first half of 2020, compared to OMR2.3m in the 1H19. However, the company’s total revenue edged up 1.1 per cent to OMR26.4m from OMR26.1m. |
Cemex confirms decision to close Ferriby plant15 July 2020, Published under Cement NewsFollowing consultations with employee representatives and Unite the Union, Cemex has confirmed that it will be mothballing its South Ferriby plant in north Lincolnshire, UK. Approximately 110 employees who are currently based at the plant will be affected, with the majority of redundancies said to be taking place in July, according to a statement. However, customers will continue to be supplied from the company’s existing cement network. "Cemex remains committed to the UK and its Europe... |
HeidelbergCement's preliminary 2Q20 results above market expectations15 July 2020, Published under Cement NewsIn the course of preparing the 1H20 financial report of HeidelbergCement AG, the preliminary 2Q20 financial figures deviate from the capital market expectations, which are based on the average value of the estimates available to the company from financial analysts. Therefore, HeidelbergCement is publishing the following preliminary 2Q20 key figures from the half-year financial 2020 report: • Preliminary revenue amounts to EUR4324m in the 2Q20. The capital market expects EUR3907m for this ke... |
Siberian Cement plants increase 1H output 4%15 July 2020, Published under Cement NewsIn the first half of 2020 Siberian Cement (Sibcem) produced 2.2Mt of cement, representing a four per cent YoY increase. Topkinsky Cement’s output rose by one per cent to 1Mt, while Iskitimcement increased its production by eight per cent to 453,800t. Production from Angarskcement was up nine per cent to 288,700t and TimlyuyCement output remained stable at 165,100t. “For the cement industry, however, as for many other industries, the first half of 2020 turned out to be a difficult period. I... |