Cement News tagged under: corporate
Tudela Veguin opens new El Musel terminal27 November 2019, Published under Cement NewsCementos Tudela Veguin has inaugurated its new terminal at El Musel, Gijón, Spain. The new terminal will enable the company to receive and store cement in a 4500m 2 warehouse. Bulk and bagged product from the facilities of Masaveu Industria will be handled at the terminal. The terminal facilities also include a 1250m berth for ships with a 23dwt draught. This is an investment of EUR5.5m that "will allow our cement activity to be more ecologically sustainable, energy efficient and more eco... |
LafargeHolcim plans EUR10m investment in Kujawy27 November 2019, Published under Cement NewsLafargeHolcim will be investing EUR10m in its Kujawy cement plant in Poland. The company will be launched a new product on the market as well as increase the use of alternative fuels (AFs) at the works. At present Cementownia Kujawy’s AF rate is between 80-85 per cent, or around 190,000t, but Lafarge plans to increase this to 90 per cent by 2021. To date Lafarge has invested around EUR100m in the Kujawy cement works, which produces approximately 2Mta of cement. |
Confidence Power Bogra starts commercial production27 November 2019, Published under Cement NewsThe Confidence Power Bogra Ltd has informed Dhaka Stock Exchange two days ago that the Board of Directors has agreed with the decision taken in the Board of Directors of Confidence Power Holdings Ltd, an associate of Confidence Cement Ltd, having 41 per cent stake in its equity capital, that upon successful testing and commissioning the Confidence Power Bogra Ltd, a 99 per cent subsidiary of Confidence Power Holdings Ltd, has started commercial operation of its HFO based. The net 113MW pow... |
Metrocem appoint new Chief Marketing Officer27 November 2019, Published under Cement NewsKhandker Ataur Rahman Rifat has joined as group chief marketing officer (CMO) of Metrocem of Bangladesh. According to company updates, he has 25 years of experience in the cement industry. Mr Rifat previously worked as a key figure in Aman Cement Mills Ltd as CMO (July, 2016 to November, 2019), Holcim Cement as GM (January, 2015 to April, 2016), Unique Cement Ltd as Sr GM (2003 to 2014), Cemex Cement (BD) Ltd as ASM (November, 2000 to October, 2003) and Hyundai Cement Ltd (February, 1995-... |
CRH forecasts record 2019 earnings26 November 2019, Published under Cement NewsIreland-based building materials major CRH predicts that its full-year earnings will expand by 23 per cent to reach a record EUR4.15bn. The trading outlook follows the company's announcement of its January-September 2019 results. Group sales rose nine per cent YoY to EUR21.8bn in the 9M19. There was a six per cent YoY increase in sales by its Europe Materials division, while Americas Materials sales advanced by four per cent YoY. Building products sales were up three per cent when compared... |
PIBT shows consistent performance in 1QFY19-2026 November 2019, Published under Cement NewsPakistan International Bulk Terminal Ltd (PIBT) has handled 2.191Mt cargo, for the quarter ended 30 September 2019, against 2.14Mt in the same period last year, depicting consistent performance in handling import of coal for cement and other industries. PIBTL earned a net profit of PKR479.14m (US$3m) against a loss of PKR105m during this accounting period. The company's Board of Directors reiterated its commitment to efficiently operate Pakistan's first state-of-the-art mechanised bulk c... |
Carthage Cement reports TND76m net loss25 November 2019, Published under Cement NewsTunisian cement producer Carthage Cement Co announced a loss of TND76m (US$26.7m) for the year ended 31 December 2018, compared to a loss of TND69m in the previous year. The company managed to reduce its operating deficit by nearly TND4m, the net financial charges rose from TND49.4m in 2017 to TND65m at the end of December 2018. Operating expenses increased 32 per cent YoY to 262.9m as consumable purchases rose. Personnel changes remained almost unchanged at TND28.5m. |
Oman Cement appoints new CFO25 November 2019, Published under Cement NewsOman Cement Co has appointed Fatick Hussain Al Balushi as the company’s CFO. Mr Al Balushi has more than 15 years of experience in the oil, gas and petrochemical industries and was associated with Oman Oil Co before his appointment at Oman Cement Co. He also worked as finance manager for Oman Oil Co’s Salalah Methanol Co. He is an alumnus of Sultan Qaboos University and University of Leicester. |
Dangote Cameroon sees 6% sales drop in 9M1922 November 2019, Published under Cement NewsIn the first nine months of 2019, Dangote Cameroon reported a decrease in its domestic performance with sales down six per cent. "Our 1.5Mta clinker mill in Douala sold about 866,000t of cement in the first nine months of 2019, down six per cent from 920,000t sold in the same period in 2018. We estimate that our market share was 40 per cent during the period," said the group. The decline in performance has been attributed by the company due to persistent security problems in the northwes... |
Cemex reportedly looks to sell stake in Louisville plant22 November 2019, Published under Cement NewsCemex is reportedly looking for a buyer for its controlling interest in the Kosmos cement plant in Louisville, Kentucky, USA. The company is working with Bank of America Corp and Citigroup Inc on the sale of its 75 per cent stake, said the unnamed sources for El Financiero. The remaining stake in the company is owned by Buzzi Unicem. The sources also noted that no definitive decisions have been made and the deliberations may not lead to a transaction. |