Cement News tagged under: corporate
Al Tasnim Cement opens ready-mix plant in Oman14 October 2019, Published under Cement NewsAl Tasnim Cement Products Division has launched its new ready-mix plant in Duqm, Al-Wusta, Oman. The plant is situated in the industrial Special Economic Zone and will produce durable concrete. This new ready-mix factory has an installed capacity of 425m 3 /h, and is suported by three batching plants in Duqm and one onsite batching plant in RaMakaz. Pankaj Zaveri, director at Al Tasnim Cements Products, said, "Al Tasnim Group the leading supplier of Ready Mixed Concrete in the Sultanate of... |
Sharjah Cement elects new chairman14 October 2019, Published under Cement NewsUAE-based Sharjah Cement has elected Othman Mohammed Sharif Abdullah as its new chairman and board member, according to a bourse statement on Sunday. The election was made during the company’s board meeting on Saturday, 12 October 2019. |
Premier Cement Mills Ltd has new CEO14 October 2019, Published under Cement NewsTarique Kamal has recently joined Premier Cement Mills Ltd of Bangadesh as chief operating officer (COO) effective from 1 October 2019. He was previously head of sales and distribution at Arla Foods Bangladesh, according to a company statement. He also worked at British American Tobacco Bangladesh. He obtained his bachelor's and master's degrees from the Institute of Business Administration under the University of Dhaka. Premier Cement Mills Ltd started its commercial production on 12 M... |
Carthage Cement adopts financial restructuring plan11 October 2019, Published under Cement NewsTunisian cement producer Carthage Cement has presented its 2019-23 business plan. In terms of financial restructuring Carthage Cement will carry out a capital increase of TND223,774,733 and see its share capital rise to TND395,909,146. The share issue price is TND1.20 (TND1 nominal value and TND 0.20 issue premium) and a parity of 13 new shares for 10 old shares. The financial restructuring will also include a cash contribution of TND153,729,552 with the balance by conversion of receivables.... |
PPC's CFO to step down at the end of the month11 October 2019, Published under Cement NewsSouth Africa’s PPC has announced that its Chief Financial Officer, Tryphosa Ramano, will step down on 31 October after eight years at the company. Ms Ramano has agreed to take on a consultancy role with PPC to ensure continuity. Ronel van Dijk has been appointed as interim CFO and as an executive director. The news follows Roland van Wijnen taking over as CEO of PPC at the start of this month. |
Fauji Cement appoints new non-executive director11 October 2019, Published under Cement NewsPakistan’s Fauji Cement Co Ltd has announced the appointment of Wasim Sadiq as non-executive director of the company, with effect from 1 October 2019. Mr Sadiq has replaced Muhammed Amir Khan in this role, according to the company’s statement to the stock exchange. |
Loma Negra to shut Sierras Bayas plant10 October 2019, Published under Cement NewsArgentine cement producer Loma Negra has announced it will close its Sierras Bayas plant, the oldest cement production facility in the country. The plant, which is a century old, operated as a grinding and dispatch facility since 2001, when a domestic downturn in the market led to the shutdown of its kiln. While two years ago, Sierras Bayas employed 100 workers, now there are only 22 left, in addition to 23 that supply services to the works. Sierras Bayas provided employment to around 1800... |
Cemex UK is fined GBP1m for workers death10 October 2019, Published under Cement NewsCemex UK has been fined GBP1m by Livingston Sheriff Court after its West Calder block plant breached two sections of the Health and Safety at Work Act that led to the death of a member of staff. James Brownline, 64, died after being struck by a piece of machinery while carrying out maintenance on a conveyor belt at the plant in West Lothian. The Health and Safety Executive (HSE) report said Mr Brownline was struck by a "centring machine lifting mast." The machine was used to centre the br... |
Lehigh Hanson to break ground on US$600m Mitchell project09 October 2019, Published under Cement NewsUS-based Lehigh Hanson Inc is set to break ground this week on its US$600m expansion and modernisation project at its plant in Mitchell, Indiana. The plans were first announced in July last year and are expected to take four years, according to Inside Indiana Business. It will be the company’s largest expansion and modernisation project in north America and is expected to create 50 jobs. |
Jidong Cement to acquire 49% stake in Beijing BBMG Mangrove09 October 2019, Published under Cement NewsChina’s BBMG Corp is set to sell its entire 49 per cent stake in Beijing BBMG Mangrove to Jidong Cement for CNY1.72bn (US$241m). Jidong Cement is expected to fund the acquisition of the waste management company in an all-cash deal, according to a statement by BBMG. The proceeds from the divestment will be used to meet BBMG’s working capital requirements. |