Cement News tagged under: corporate
Ambuja Cements seeks production start from 20 April20 April 2020, Published under Cement NewsLafargeHolcim subsidiary Ambuja Cements plans to start production in phases at its plants across India from 20 April and is seeking government approval. The company had suspended operations on 23 March due to the coronavirus pandemic. The company is taking steps to adhere to the standard operating procedure for social distancing mandated by the government in the new guidelines issued by the government on 15 April, it said in a regulatory filing. "The company is seeking necessary permissio... |
Eagle Materials sells non-core concrete and aggregates assets20 April 2020, Published under Cement NewsEagle Materials Inc announced it has sold its Western Aggregates and Mathews Ready Mix operations for US$93.5m to Teichert, a California-based construction company. Western Aggregates vested-rights-to-mine covers 3900 acres and includes over 900Mt of aggregates. Mathews Ready Mix assets include three concrete batch plant locations and 26 trucks. Michael Haack, Eagle Materials president and CEO, said: “This transaction represents the sale of non-core assets on the heavy-side of our com... |
DG Khan resumes operations at Khairpur20 April 2020, Published under Cement NewsPakistan-based DG Khan Cement Co has resumed production at its Khairpur cement plant in Chakwal, said the company in a statement to the Pakistani Stock Exchange on Friday. Operations have been resumed as a result of the relaxation of the lockdown for the construction industry. |
Carthage Cement sees 1Q turnover up 6%17 April 2020, Published under Cement NewsTunisia’s Carthage Cement reported a six per cent rise in turnover to TND63.617m (US$22m) in the 1Q20 when compared with TND59.771m in the equivalent period of 2019. The company also announced it suspended production and sales of aggregates, clinker and ready-mix concrete from 20 March to reduce the spread of the coronavirus. The first quarter also included a technical shutdown for the annual maintenance campaign of the kiln line. As a result, clinker out put reached 145,815t on 31 March 2... |
JK Lakshmi Cement seeks government approval to resume its Indian production17 April 2020, Published under Cement NewsJK Lakshmi Cement has informed Indian Stock Exchanges on 16 April that the company is seeking necessary approvals from the relevant state government authorities to resume operations at its various plant locations. The company is also closely monitoring the situation and will take requisite steps in accordance with the directions issued by central and state government, from time to time. The company has put in place the required safety measures for the workers and employees at the plants in... |
Siam City to wind down production at Saraburi17 April 2020, Published under Cement NewsThailand’s Siam City Cement will begin to close its Saraburi plant from 1 May as cement demand falls due to the COVID-19 pandemic, according to The Nation: Thailand. The company has reportedly seen a reduced amount of orders and therefore will wind down production and labour at Factory 1 from 1 May. However, it is expected to move employees to other plants or allow them to leave by mutual consent. |
LafargeHolcim to propose new board members at AGM17 April 2020, Published under Cement NewsLafargeHolcim is expected to request shareholder approval for two new board members at its annual general meeting on 12 May 2020. Dr Philippe Block and Kim Fausing would add experience from academia and the building industry, according to a press release. Dr Block has served on the Academic Committee of the LafargeHolcim Foundation for Sustainable Construction since 2014. Mr Fausing is the president and CEO of the Danish Danfoss Group. Aside from Paul Desmarais Jr, all other existing boar... |
Five Pakistan cement producers to release 3Q results amid coronavirus pandemic17 April 2020, Published under Cement NewsPakistan's leading cement companies are scheduled to announce on 23 April their financial results for the 3QFY19-20 ended 30 March 2020. Analysts anticipate mixed results, carrying some negative reflection of mitigation efforts to stop the spread of the coronavirus in the country. During this accounting period, the pandemic started to spread and the government enforced lockdown to control it in all provinces, aiming social distancing. This later triggered the closure of some cement plants... |
Top management changes at Fauji Cement in Pakistan17 April 2020, Published under Cement NewsFauji Cement Company Ltd (FCCL) has made top important changes in management, earlier this week, according to formal bourse filling to the Pakistan Stock Exchange (PSX). Waqar Ahmed Malik has been appointed as director and chairman of FCCL with effect from 9 April 2020, in place of Lt Gen Syed Tariq Nadeem Gilani, (Retd). It addition, with effect from 9 April 2020, the company board will be joined by Lt Gen Muhammad Ahsan Mahmoud, (Retd) as CEO, MD and executive director. Non-executive ... |
Lafarge Africa PLC returns to profit in 201916 April 2020, Published under Cement NewsLafarge Africa PLC has reported revenues of NGN213bn (US$551.5m) for the year ended 31 December 2019 as against NGN218bn in 2018. Operating expenses fell from NGN29.89m to NGN23.42m. Financing costs also declined from NGN41.6bn to NGN20.2bn. The company ended 2019 with a profit after tax of NGN15.5bn compared with a loss of NGN8.1m in 2018. Lafarge Africa also reduced its debt from NGN208bn in 2018 to NGN52.6bn in 2019, while total equity jumped from NGN135bn to NGN345bn in 2019. Speak... |