Cement News tagged under: corporate
UltraTech Cement commissions Phase I of Bara grinding unit24 January 2020, Published under Cement NewsUltraTech Cement has announced that the Phase I commissioning of its 2Mta grinding unit in Bara, Uttar Pradesh, India. Once fully commissioned, the total capacity of this unit will be 4 Mta. |
Dangote Cement receives approval for share buyback23 January 2020, Published under Cement NewsNigeria’s Dangote Cement has received shareholder approval to complete a share buyback scheme within 12 months. Under the plans, 1.7bn out of a total of 17.04bn ordinary shares will be repurchased. Aliko Dangote, Dangote's chairman, has confirmed the scheme will be funded out of the profits of the company. He also noted that a number of shares under the programme are required to be cancelled in accordance with Securities and Exchange Commission and Nigerian Stock Exchange rules. As a res... |
Attock Cement reports 41% growth in profit during 1HY19-2023 January 2020, Published under Cement NewsOn 21 January 2020, Attock Cement Pakistan Ltd (ACPL) announced its 1HFY19-20 financial results (for the period ended 31 December 2019). According to a notification by Attock Cement to the Pakistan Stock Exchange (PSX), the company's consolidated profits after tax increased to PKR1.15bn (US$7.44m) during this period, from PKR816m earned in corresponding period of FY18. This translates an increase of 41.3 per cent on YoY basis, which was possible due to a sales increase to PKR12.45bn from P... |
MPA makes management appointments23 January 2020, Published under Cement NewsAs part of the Mineral Products Association (MPA)’s 10th year anniversary in 2019 and in support of its vision for 2025, the association has been strengthening its team and is pleased to announce the following appointments. • Chris Leese, former vice president at Cemex UK, joins as Director of UK Concrete and Special Adviser Health & Safety. UK Concrete is a new campaigning vehicle that will be launched in the coming weeks to promote and defend the concrete industry with a focus on non-tec... |
LafargeHolcim Bangladesh Ltd targets becoming a complete building material solutions provider22 January 2020, Published under Cement NewsAs LafargeHolcim Bangladesh has successfully completed its amalgamation with Holcim Cement (Bangladesh) Ltd last year, Rajesh Surana, CEO of LafargeHolcim Bangladesh Ltd, said the company is now working to transform the integrated company as a building material solutions provider from a cement company. "The integration of two most premium and globally-reputed companies has lots of synergies and benefits, so it plans to build on strengths of both the companies and provide the customers with ... |
Hoffmann Green meets targets and reaffirms future22 January 2020, Published under Cement NewsFrance-based Hoffmann Green has announced that it met its low-carbon cement production and sales target of 1000t during 2019, following the opening of its first production site in Vendée. "These 1000t of low-carbon cement represent a first major milestone in our industrial and commercial development. This marks the beginning of a real paradigm shift in the construction sector for building tomorrow's sustainable cities. Encouraged by this success, in 2020 and subsequent years, we will focus... |
Dewan Cement of Pakistan to elect seven directors22 January 2020, Published under Cement NewsDewan Cement Ltd (DCL) has informed Pakistan Stock Exchange (PSX) on 20 January about the election of seven directors of the company for a three-year period. Company Secretary, Mohammad Hanif German, stated in a notification to PSX that the election will be carried out in the forthcoming Extra Ordinary General Meeting of the company, scheduled to be held on 27 January 2020. The new directors are expected to be Haroon Iqbal, Syed Muhammad Anwar, Waseem-ul-Haque Ansari, Ishtiaq Ahmed, Muh... |
Cemex UK agrees bulk distribution contract with Turners21 January 2020, Published under Cement NewsCemex UK has agreed to see Turners operating 20 bulk tankers in the UK to help the cement producer better meet demand and add flexibility to its haulage operation. David Hart, Cemex's supply chain director for UK & France, commented: "We are always looking for ways to improve our logistics operation, and this partnership with Turners will create new flexibility in our service, thanks to their large fleet of safe and efficient HGVs. "Turners boast considerable industry experience and we hav... |
Jiangxi Wannianqing Cement projects profit increase for 201921 January 2020, Published under Cement NewsChina’s Jiangxi Wannianqing Cement has projected its net profit to rise from CNY1.1bn (US$160.26m) to between CNY1.28-1.5bn for 2019. The company has attributed the profit increase to the structural reforms of the cement industry and steady growth in demand for the region where it is based. This has resulted in the advancement of the company’s cement sales and product prices. |
Baudouin Nizet appointed head of McInnis21 January 2020, Published under Cement NewsThe Board of McInnis Cement has appointed Baudouin Nizet as president and CEO of McInnis Cement, succeeding Jean Moreau, who held the post in an interim capacity since 2018. Mr Nizet was senior vice-president at Stuart Olson Building Group but previously served as senior vice-president, Québec and Atlantic region at Holcim (Canada) in Montréal and in Toronto as president and CEO, spanning the transition to CRH Canada. The Board also named Alex Wojciechowski as COO. He has more than 30 ye... |