Cement News tagged under: corporate
INC produces record 0.484Mt of clinker in 201925 March 2020, Published under Cement NewsParaguay’s Industria Nacional del Cemento (INC) produced 0.484Mt of clinker in 2019, the highest output reported since the fuel conversion project at the Vallemí plant and is among the top 10 recorded since the start of the state company, said INC President, Ernesto Benítez. Mr Benítez said the company is showing signs of recovery, reaching an average dispatch rate of 12m bags of cement in 2019. He added the company plans to regularise output to 50,000 bags/day. He added that the indus... |
Carthage Cement increases capital with TND206m25 March 2020, Published under Cement NewsTunisia’s Carthage Cement has closed its capital increase with a value of TND206m (US$70.9m), about 77 per cent of its initial sum (TND268.5m), according to ilBoursa. The operation has been hailed a success by the news service under the current conditions. The capital increase was carried out with Bourse MAC SA as intermediary and served to rebalance the company’s financial structure and lower its debt. The company’s capital now stands at TND343.6m. |
Sephaku Holdings reappoints executive director25 March 2020, Published under Cement NewsSouth Africa’s Sephaku Holdings has announced that Kenneth Capes has been re-appointed as an executive director and CEO of Métier Mixed Concrete Proprietary Ltd, with effect from 1 April 2020. Mr Capes’ experience spans the manufacture of ready-mixed concrete to quarrying. He first joined the company’s board as an executive director in 2013, as part of the founding owners of Métier following its acquisition in the first quarter of 2013. “The board welcomes the appointment of Kenneth as an... |
Fancesa shuts down production due to COVID-1924 March 2020, Published under Cement NewsBolivia-based cement producer Fábrica Nacional de Cemento SA (Fancesa) has halted its cement production due to the presence of the coronavirus in the country. The information was confirmed by the Head of Communications at Fancesa, Gonzalo Ibáñez, who said that compliance with the national provision for total quarantine also implies the cessation of the marketing units in Sucre and Santa Cruz, despite the fact that in the latter city there is a significant cement inventory. "In order to gu... |
China Shanshui Cement records 20% revenue increase24 March 2020, Published under Cement NewsChina Shanshui Cement Group has announced a 20.2 per cent YoY rise in operating revenue to CNY21.48bn (US$3.02bn) for 2019, against CNY17.87bn in 2018. Net profit also increased 24.2 per cent to CNY4.69bn from CNY3.78bn. Sales from the company’s cement segment contributed the largest amount to the results, advancing 31.1 per cent YoY to CNY17.18bn from CNY13.1bn in 2018. |
Udaipur Cement of India shuts plant due to Coronavirus epidemic24 March 2020, Published under Cement NewsUdaipur Cement Works Ltd (UCWL) of India has informed Bombay Stock Exchange (BSE) on 23 March that operations of the company's plant at Udaipur have been temporarily closed untill further notice as per the directions of the State Government and as safety measure against spread of the COVID-19 virus. A bourse filing of company adds that decision on resuming operations will depend on further directions of the Government. Udaipur Cement Works Limited, (formerly known as JK Udaipur Udyog L... |
Fauji Cement's chairman resigns24 March 2020, Published under Cement NewsFauji Cement Co Ltd (FCCL) has informed Pakistan Stock Exchange (PSX) that Lt Gen Syed Tariq Nadeem Gilani, (Retd) has resigned from his position as director and chairman of FCCL Board with effect from 20 March 2020. The name of new incumbent will be intimated shortly, says a company bourse filling. |
Shree Cement to shut all production facilities in Rajasthan24 March 2020, Published under Cement NewsIndia’s Shree Cement has announced that it is undertaking measures to shut down all of its Rajasthan-based plants until 31 March 2020, or further notice, according to a statement. The news follows the Government of Rajasthan issuing a direction for the closure of all production facilities in the state to control the community transmission stage of COVID-19. |
Al Jouf Cement returns to profit24 March 2020, Published under Cement NewsSaudi-based Al Jouf Cement has reported a net profit after zakat and tax of SAR5.3m (US$1.41m) in 2019 when compared with a loss of SAR39.5m in 2018. The company saw sales rise to SAR169.8m in 2019 from SAR137.7m in the previous year. In addition, the cost of sales as well as general and marketing expenses was down. |
Dalmia Bharat announces share buy-back scheme24 March 2020, Published under Cement NewsThe board of India’s Dalmia Bharat Ltd has approved a proposal to buy back shares worth up to INR5bn (US$65.79m). It intends to buy no more than 71,42,857 shares at a maximum price of INR700 per unit. The shares will be purchased from the open market through the National Stock Exchange of India and BSE Ltd, according to a statement. |