Cement News tagged under: corporate
Cemex and Buzzi Unicem complete Kosmos Cement sale to Eagle Materials Inc09 March 2020, Published under Cement NewsCemex has divested its 75 per cent share in its partnership with Buzzi Unicem of Kosmos Cement in Louisville, Kentucky, USA, to Eagle Materials Inc. The divestment is for an aggregate amount of US$665m, of which Cemex will receive approximately US$499m. Meanwhile, Buzzi Unicem has sold its 25 per cent share in Kosmos Cement to Eagle Materials Inc. The deal includes the divestment of the Louisville cement plant and seven terminals and raw material reserves. |
LafargeHolcim Bangladesh profits grow in 201909 March 2020, Published under Cement NewsLafargeHolcim Bangladesh has posted profit after tax of BDT1.737bn (US$16.24m) in 2019 as compared to BDT1.115bn in 2018. This represents a growth of 56 per cent in profit after tax YoY, says the cpmany. The company recorded a growth of seven per cent in sales during 2019, which rose to BDT17.840bn from BDT16.632bn during this period. The company also declared 10 per cent cash dividend for 2019, which is the same as in the previous four years, as the cement maker continues to hold steady ... |
Ecocem Group appoints new MD for Ireland09 March 2020, Published under Cement NewsThe Ecocem Group have made a strategic internal appointment of Susan McGarry as managing director of Ecocem Ireland. A chartered engineer Susan has worked for Ecocem for close to nine years in a variety of roles, the most recent of which was European sustainability manager. "Working across the Ecocem Group for 9 years has giving me the confidence and the ability to take on this challenge. The Ecocem Group is at a crucial point in its development and I intend to make sure Ireland plays a ce... |
Holcim El Salvador sets record production figures in 201906 March 2020, Published under Cement NewsHolcim El Salvador produced over 1.2Mt of cement and 710,000Mm 3 of concrete in 2019, representing record production figures, and plans to maintain this positive performance in 2020. The company also co-processed around 26,000t of waste in 2019, up from 20,000t in the previous year. Elsewhere, Holcim is also considering reopening its Maya cement plant, which was closed in 2008 due to low domestic demand. These plans would require an investment of US$20m. In the meantime, the company is ... |
Dyckerhoff Cement Ukraine sees 414% surge in profit06 March 2020, Published under Cement NewsDyckerhoff Cement Ukraine has reported a 414.2 per cent surge in profit to UAH814.27m (US$32.7m) for 2019, against UAH158.36m in the previous year, according to the Ukrainian News Agency. The company’s total assets as of the end of 2019 also increased by 8.7 per cent YoY to UAH2.65bn. |
Sagar Cements records 8% YoY fall in production06 March 2020, Published under Cement NewsIndia’s Sagar Cements has seen its standalone cement production fall 7.9 per cent to 207,860t in February 2020, compared to 225,751t in the year-ago period. Consolidated cement production was also down 3.6 per cent YoY to 287,833t from 298,540t. The company's standalone cement sales for the month declined 2.6 per cent YoY to 212,002t from 217,540t in February 2019. However, consolidated cement sales increased 2.4 per cent YoY to 294,518t from 287,512t. |
MGI Group of Bangladesh sets up nine industrial units, including cement06 March 2020, Published under Cement NewsMeghna Group of Industries (MGI), a leading Bangladeshi business group inaugurated last week nine newly-built industrial units, including cement plants, at its economic zone in the Narayanganj district, Dhaka of Bangladesh. A group announcement said, "We are much obliged to the distinguished guests, patrons and well-wishers for their unconditional support to our cause." The Finance Minister of Bangladesh, A H M Mustafa Kamal, was the chief guest of the inauguration programme. Minister of Co... |
Lafarge Cement appoints new Cauldon Works manager06 March 2020, Published under Cement NewsLafarge Cement UK (Aggregate Industries - LafargeHolcim group) has appointed Stuart Hutching as the new manager of its Cauldon cement plant in Staffordshire, UK. With more than 20 years of experience within the cement industry, Mr Hutchings will be responsible for the plant, which produces approximately 1Mta of cement and employs around 150 staff. Mr Hutchings said: "Cauldon is a world-class operation and it is great to see LafargeHolcim recognise this and invest further to ensure it conti... |
Caribbean Cement Co inaugurates new packing equipment05 March 2020, Published under Cement NewsJamaica's Caribbean Cement Co has inaugurated a new palletising machine at its Rockfort plant to reduce manual packing. The FLSmidth Ventomatic Polimat palletiser is one of two new packing machines acquired by the company and while one machine is already up and running, the commissioning of the second is already underway. "Our production capacity, as of today, with only this new palletiser, is now more than 100 per cent of the total Jamaican market. We are able to, right now before instal... |
Good indicators for cement industry in Pakistan05 March 2020, Published under Cement NewsThe Pakistan government's intentions to lower the mark-up rates, encouraging cement dispatch data, a decrease in inflation figures and significant growing provincial export data have altogether renewed the investors' confidence in cement sector scripts at Pakistan Stock Exchange (PSX). Presently, Pakistan's central bank SBP Policy Rate is 13.25 per cent per annum, making borrowing too expensive for manufacturers in the country. The cement industry, along with other stakeholders of manufac... |