Cement News tagged under: corporate
Pioneer Cement records 4% fall in revenue04 October 2019, Published under Cement NewsPakistan’s Pioneer Cement has reported a 3.8 per cent fall in revenue to PKR9.73bn (US$62.07m) in the FY19, compared with PKR10.12bn in the year-ago period. Operating profit declined 30.9 per cent YoY to PKR1.59bn from PKR2.3bn, while profit after tax slipped 51.9 per cent to PKR790m. |
ECEBOL sells BOB35m since start-up04 October 2019, Published under Cement NewsBolivia’s new ECEBOL unit has sold BOB35m (US$5m) of cement since its recent start-up. The company produces IP-40 cement and since August has launched the product in Santa Cruz, Cochabamba, La Paz and Oruro. The plant currently operates at 60 per cent of its cement capacity, which is expected to be ramped up to 100 per cent next year. “At the moment we have sold cement to a value to BOB35m, and we run at a capacity of 50-60 per cent,” according to Patricia Ballivián, general manager of ... |
Reliance Logistics acquires 92% of Sama Cement's share capital04 October 2019, Published under Cement NewsReliance Logistics Co has acquired 3.68m stocks of Egypt’s Sama Cement, representing 92 per cent of the company’s share capital. Sama Cement owns 6.8 per cent of Sinai cement, with Reliance Logistics reporting that its indirect and direct stakes in the latter have now reached 17.4 per cent. |
Bataan terminal to open before year-end03 October 2019, Published under Cement NewsPhinma Corp subsidiary Philcement Corp has stated that its PHP800m (US$15.4m) cement terminal in Bataan will be opened before the end of the year. Phinma is using Philcement as its vehicle for its cement industry comeback in a move to contribute significantly to the growing demand for reliable and quality cement and construction materials in the Philippines. Philcement President and Chief Executive Officer, Eduardo Sahagun, said the new terminal, "will be a meaningful part of Phinma’s... |
Pakistan cement players profits tumble in FY1903 October 2019, Published under Cement NewsThe major cement firms reported fall in profit during FY19, says a report of Spectrum Securities Ltd. The research house report made on the review of eight top companies: DG Khan Cement, Fauji Cement, Cherat Cement, Maple Leaf Cement, Bestway Cement, Khoat Cement, Attock Cement and Fectc Cement. The report added that during FY19, net income of the cement sector posted a considerable decline caused by fragile country's economy, higher interest rate and end of tax benefits. It was pointed ou... |
LafargeHolcim’s Bélier cement now available via Jumia03 October 2019, Published under Cement NewsLafargeHolcim’s Bélier cement is now available in Côte d’Ivoire on Jumia, the Nigeria-based E-commerce company. LafargeHolcim opened its online shop on the platform three months ago in addition to more than 200 points of sale through its Binastore franchises. "Individuals can now proceed with their purchase by mobile money, credit card or cash on delivery," says the cement producer. |
Hoffmann Green launches IPO02 October 2019, Published under Cement NewsHoffmann Green Cement Technologies (HGCT) is launching its initial public offering (IPO) 2 October. The company plans to raise around EUR50m on the Euronext Growth market. HGCT’s cement production process reduces CO 2 emissions by 80 per cent due to a modification of the composition of the cement that eliminates the need for clinker, according to the company. The France-based cement producer aims to increase its cement capacity by a factor of 11 to 0.55Mta by 2024. The IPO will provide ... |
Illinois Cement prepares to expand quarry operations02 October 2019, Published under Cement NewsIllinois Cement (Eagle Materials Inc) will soon start work on a new road to bypass an area a quarter of a mile west of its current quarry location on East Third Road in La Salle, USA, where it intends to start blasting a new quarry. After five public meetings in a month at the end of last year, Illinois Cement was granted its requests by the city of La Salle for annexation, special use permits, zoning and road plans to mine new land in Dimmick Township. Illinois Cement's existing quarry lie... |
Ohorongo Cement plans to reduce bulk road transport02 October 2019, Published under Cement NewsNamibia-based Ohorongo Cement has extended its partnership with Transnamib to reduce its use of road transport in the moving of bulk materials around the country. Transnamib has seen the construction of a multi-faceted private siding with two independent sections designed for in- and outbound shipments at Ohorongo Cement’s plant near Otavi. Ohorongo Cement and Transnamib entered into a public-private partnership with the establishment of their Ondangwa depot, in which Ohorongo investe... |
Lafarge Zambia Plc had to raise prices to stay afloat02 October 2019, Published under Cement NewsLafarge Zambia's CEO, Jimmy Khan, has spoken out about the crippling overcapacity in Zambia's cement market. Mr Khan said Zambia's cement consumption stands at around 2.2Mt compared to a production of about 5Mt. Mr Khan told President Lungu at State House in Lusaka yesterday that his company recently hiked cement price by 25 per cent to stay in business. Mr Khan said his firm made losses of about ZMW43m (US$3.3m) due to many players coming in the sector and that management saw it fit to inc... |