Cement News tagged under: corporate
Cemento Cienfuegos achieves 2019 planned production24 December 2019, Published under Cement NewsCuba’s Cemento Cienfuegos achieved its planned output for 2019 and will continue to produce cement to supply extra volumes to prioritised construction programmes in the country. The plant’s production reached more than 0.696Mt, a few days before the end of the year, despite damage to the plant during the year and reduced energy output due to the intensification of the USblockade, reported ACN, the Cuban news agency. Fol lowing maintenance on a segment of conveyors that feed raw materia... |
Thatta Cement Co appoints Muhammad Aslam Shaikh CEO24 December 2019, Published under Cement NewsPakistani-based Thatta Cement Co Ltd (THCCL) has informed Pakistan Stock Exchange (PSX) that Muhammad Aslam Shaikh is the company’s new CEO with effect from 23 December 2019, replacing Muhammad Taha Hamdani. THCCL has a production capacity of 488,250tpa at its cement plant in Thatta, Sind Province. |
Maple Leaf Cement to elect new directors24 December 2019, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCF) will elect new directors for a three-year term at its Extraordinary General Meeting on 31 December 2019 in Lahore, Pakistan. Eight people have filed with the company as candidates for the directorships. They have been named as Tariq Sayeed Saigol, Taufique Sayeed Saigol, Waleed Tariq Saigol, Danial Taufique Saigol, Jahanara Saigol, Syed Mohsin Raza Naqvi, Shafiq Ahmed Khan and Zulfikar Monnoo. |
Cemex to build terminal in El Musel port23 December 2019, Published under Cement NewsThe Port Authority of Gijón granted Cemex a 30-year concession of 2477.72m 2 of land at the Olano Pier in the port of El Musel, Spain. The Mexico-headquartered cement producer plans to build and operate a port terminal to receive, store and distribute cement and derived products. Plans include the construction of several warehouses, a loading bay and a bagging facility in the next 10 months. As a result, it will compete directly in northern Spain with Tudela Veguín , which recently ope... |
National Cement to invest US$250m in Ragland23 December 2019, Published under Cement NewsVicat-owned National Cement will be installing a new state-of-the-art kiln at its Ragland plant in Alabama, USA. The project represents an investment of US$250m and the project is expected to start the construction in the first quarter of 2020. "We are excited about our kiln project in Ragland. It will ensure that our employees and our Ragland facility can continue to be competitive for years to come by upgrading our plant with the latest technology and equipment," said Spencer Weitman, p... |
Devnya Cement to alter production strategy20 December 2019, Published under Cement NewsBulgaria's government has announced it will terminate the concession contract awarded to Devnya Cement for a quartz sand deposit in the Varna region, upon the company's request. The company has decided to alter its future production strategy due to market conditions and therefore no longer intends to use deposit, according to a government statement. Devnya Cement had won the concession in 2009. In 2018 the company generated revenues of BGN137.3m (US$78.2m) and closed the year with a ne... |
Dandot Cement continues to posts losses20 December 2019, Published under Cement NewsDandot Cement Company Ltd (DNCC) of Pakistan has announced its financial results for the first quarter ended September 2019, yesterday. It incurred a net loss of PKR220m (US$1.42m) as compared to loss of PKR49.4m reported in the same quarter last year. The major factor responsible for this declining trend in company’s profit, was a 63.7 per cent fall in sales to PKR144m from PKR397m in the same period last year. The company incurred a higher distribution cost and lesser administrative ex... |
Huaxin Cement plans share buy-back scheme20 December 2019, Published under Cement NewsChina’s Huaxin Cement has announced its intention to buy back company shares worth around CNY100-125m (US$14.21-17.76m) within the next 12 months. The company also stated its plans to issue offshore bonds worth up to US$500m. |
Tan Thang plant set to begin operations in 202019 December 2019, Published under Cement NewsVietnam’s Tan Thang cement plant is expected to be put into operation in the central province of Nghe An next year, according to Vietnam News. The project represents a total investment of VND4.9trn (US$211.21m). The plant has been equipped with imported production lines from EU and G7 countries, and is expected to be able to produce 2Mta of cement upon commissioning. While no new cement plants have been made operational in the country this year, two more production lines are set to beg... |
Semen Indonesia volumes surge 44% in November18 December 2019, Published under Cement NewsSales volumes of the Semen Indonesia Group, including Thang Long Cement Co (TLCC) and former Holcim subsidiary, PT Solusi Bangun Indonesia (SBI), surged 44.2 per cent in November 2019 to 4.399Mt from 3.05Mt (before the group’s acquisition of SBI and therefore, not included in the group’s consolidated numbers), according to a company statement. Semen Indonesia, excluding TLCC and SBI, improved its sales volumes by 11.8 per cent YoY in November 2019 to 3.18Mt. A rise was particularly noted i... |