Cement News tagged under: corporate
BUA Cement formally lists on Nigerian Stock Exchange10 January 2020, Published under Cement NewsNigeria’s BUA Cement has been formally listed on the country’s stock exchange with a market capitalisation of over NGN1.2trn (US$3.32bn). The listing brings a conclusion to the merger process between the BUA-owned entities, Cement Company of Northern Nigeria (CCNN) and Obu Cement Co. The listing has seen BUA Cement become the third-most capitalised stock on the Nigerian Stock Exchange. "We are coming into the market at the beginning of the year and since trading has commenced, we expect t... |
Universal Cement Corp records 5% revenue increase for 201910 January 2020, Published under Cement NewsTaiwan’s Universal Cement Corp has seen its full-year 2019 revenue increase 4.7 per cent YoY to TWD5bn (US$166.91m), compared with TWD4.78bn in 2018. The result comes despite recording a 1.7 per cent YoY fall in revenue for the final month of the year, which decreased to TWD457.6m from TWD465.5m. |
Hsing Ta Cement sees 17% revenue increase in 201910 January 2020, Published under Cement NewsTaiwan’s Hsing Ta Cement has seen its full-year revenue surge 16.7 per cent YoY in 2019, increasing to TWD7.82bn (US$260.8m) from TWD6.7bn in the year-ago period. However, in the month of December 2019 the company saw a slight 2.3 per cent YoY decline in revenue to TWD691.6m. |
Serge Gbotta new CEO LafargeHolcim Côte d’Ivoire10 January 2020, Published under Cement NewsLafargeHolcim Côte d’Ivoire has appointed Serge Gbotta as its new CEO, effective from 1 January 2020. He succeeds Xaivier Saint-Martin-Tillet, who will head up the west Africa group region. Formerly commercial and logistics director at the company, Mr Gbotta is a civil engineer with an MBA degree. "I am delighted with the opportunity given to me to manage LafargeHolcim Côte d'Ivoire and to support it in its next phase of growth,” Mr Gbotta said. |
Saudi Arabia records 22% production increase in December09 January 2020, Published under Cement NewsSaudi Arabian cement sales rose 24.2 per cent YoY in terms of volume in December 2019, while total production increased 21.7 per cent to 4.7Mt from 3.86Mt, according to Mubasher. Cement inventories in the country declined 0.6 per cent YoY to 1.18Mt in the last month of 2019. Southern Province Cement Co recorded the highest volume of sales during the month, totalling around 708,000t, followed by Saudi Cement Co with 586,000t. |
Cimtogo signs US$30m contract with Ayoki09 January 2020, Published under Cement NewsTogo-based cement producer Cimtogo has signed a US$30m contract with Ayoki to extend its cement capacity by 1Mta to 2Mta, reports ActuDaily. The project is expected to generate 200-300 jobs. "With this investment, the HeidelbergCement Group believes in the prospects of the Togolese economy and continues to contribute to its development with the transformation of national resources, as part of the NDP,” said Eric Goulignac, HeidelbergCement’s country manager. The capacity expansion project... |
Cemex set to divest certain UK assets to Breedon Group08 January 2020, Published under Cement NewsUK-based Breedon Group has announced that it has entered into a conditional agreement with Cemex to acquire certain assets and operations in the UK for a total consideration of GBP178m, on a cash and debt free basis. The assets encompass approximately 100 active operations, including 49 ready-mix plants, 28 aggregate quarries, 4 depots, 1 cement terminal, 14 asphalt plants and 4 concrete products operations. The operations are located across six divisions located in Scotland, Wales, north-... |
Sagar Cements sees production fall 3% in December08 January 2020, Published under Cement NewsIndia’s Sagar Cements has reported a 3.3 per cent YoY fall in cement production to 219,776t for December 2019, compared to 227,247t of the year-ago period. Consolidated cement production and purchase for the month stood at 300,138t, down by 7.6 per cent compared to 324,685t in December 2018. However, the company’s standalone cement sales for December 2019 rose 2.3 per cent YoY to 232,556t from 227,304t. Consolidated cement sales declined 4.3 per cent YoY to 312,132t from 326,272t. |
NCL Industries reports 23% production decline08 January 2020, Published under Cement NewsIndia’s NCL Industries has reported a 23 per cent fall in cement production to 423,000t in the 3QFY19-20, compared with 552,000t in the year-ago period. Cement dispatches decreased 22 per cent YoY to 430,000t from 552,000t. The company's production of cement boards rose eight per cent to 19,091t for the quarter ending December 2019, while cement board dispatches slipped 10 per cent to 14,967t. |
Shahrood Cement exports more than 245,000t since March 201908 January 2020, Published under Cement NewsShahrood Cement Co, based in Iran’s Semnan province, has exported more than 245,000t of cement since the start of the current Iranian year (from 21 March 2019), said Behrouz Asvadi, chairman of the province’s Industry, Mine and Trade Organisation. Mr Asvadi noted the company earned US$5.06m from its export activities, adding that the company directly exports its products. The company’s plant has a cement capacity of more than 1.8Mta. |