Cement News tagged under: corporate
Pakistan's Popular Group acquires Dadabhoy Cement13 December 2019, Published under Cement NewsPopular Group of Pakistan has officially announced the purchase of a private-sector cement manufacturing facility in Sindh province of Pakistan. The announcement says, "It is hereby notified for the information of general public that Dadabhoy Cement Factory has been purchased by Popular Group, and now its name has been changed to Popular Cement Industries (Pvt) Ltd." Popular Cement Industries will start its cement production soon, the announcement concludes. The company's plant in Dadu ... |
Maple Leaf to elect new directors13 December 2019, Published under Cement NewsMaple Leaf Cement Factory Ltd has announced that an Extraordinary General Meeting of the members of will be held on Tuesday, 31 December 2019 in Lahore, to elect eight directors of the company, as fixed by the Board of Directors, in accordance with the provisions of Section 159 of the 2017 Companies Act for a term of three years commencing 31 December 2019 in place of the retiring directors. The directors expected to retire from the board are: Tariq Sayeed Saigal, Sayeed Tariq Saigol, Tauf... |
Ghacem to raise cement prices11 December 2019, Published under Cement NewsGhacem has announced that the price of its bagged products will increase from Wednesday, 11 December, on the back of an increased cost of production. "Management wishes to inform customers that our cost of production has increased significantly due to the depreciation of the Ghana cedi against the major international currencies, increased utility tariffs, and fuel and port duties among others," said Nana Phillip Archer, commercial director for the Ghana-based company. "In view of this, w... |
Power Cement starts new production lines11 December 2019, Published under Cement NewsPower Cement Ltd (PCL) has informed Pakistan Stock Exchange (PSX) that its new 7700tpd clinker production plant has started producing clinker from 10 December, says a notification sent by Company Secretary, Tahir Iqbal. PCL has been in process of installation of its two plants, namely a 7700tpd 'clinker production plant' and an 8800tpd 'cement production and dispatch plant' – increasing its capacities to 10,700tpd of clinker and 12,100tpd of cement, respectively. With this installation, PC... |
Universal Cement Corp sees 17% rise in revenue10 December 2019, Published under Cement NewsTaiwan’s Universal Cement Corp has seen a 17 per cent YoY surge in November revenue to TWD493.4m (US$16.19m) from TWD421.8m in the same period of 2018. In the first 11 months of 2019, revenue increased 5.4 per cent YoY to TWD4.55bn against TWD4.32bn of January-November 2018. |
Taiwan Cement Corp records modest decline in revenue10 December 2019, Published under Cement NewsTaiwan Cement Corp has posted a revenue of TWD11.678bn (US$383m) for November 2019, a modest decline of 0.9 per cent from TWD11.784bn from the corresponding period of last year. Between January-November this year, the company has seen revenue decrease 2.4 per cent YoY to TWD110.45bn from TWD113.2bn of the 11M18. |
ENCI announces shutdown in 202010 December 2019, Published under Cement NewsThe Board of HeidelbergCement-owned ENCI in Maastricht, The Netherlands, has informed its employees regarding the closure of the factory next year, according to Het Belang Van Limburg. A precise date of closure has not been disclosed, but as a result, 50 employees will be dismissed. In recent years, the plant has been gradually shutting down its operations. In July 2018 quarrying activities were halted and in March 2019 clinker production ceased. To date the company was supplied with clin... |
Asia Cement Corp records 5% YoY revenue increase10 December 2019, Published under Cement NewsTaiwan’s Asia Cement Corp has recorded a 4.9 per cent increase in November 2019 revenue to TWD8bn (US$262.5m), compared with TWD7.626bn in the year-ago period. In the first 11 months of the year, revenue climbed 6.6 per cent YoY to TWD81.23bn from TWD76.2bn. |
SOTACIB reopens after labour dispute10 December 2019, Published under Cement NewsTunisian white cement producer SOTACIB will restart its activities on 10 December, following three months of shutdown, confirmed the Governor of Kairouan, Mohamed Bourguiba. The suspension of activities was due to protests and disputes between the administrative and trade union parties. An agreement was signed between the Regional Labour Union, the Regional Union of Industry and Commerce, the Regional Labour Inspector and representatives of the base union. |
Holcim Argentina appoints Christian Dedeu as CEO10 December 2019, Published under Cement NewsHolcim Argentina will have a new CEO from January 2020. The company named Christian Dedeu, the first Argentinian to be appointed in the top job. Christian holds an economics degree from Universidad del Salvador as well as an MBA from the Universidad Austral. He has been employed by LafargeHolcim since 2007 and has served in various commercial, marketing and retail roles in Argentina and Costa Rica. “I feel very happy and proud to lead the Holcim Argentina team and continue betting on the... |