Cement News tagged under: corporate
Beni Suef Cement reports modest revenue increase in 2Q1904 September 2019, Published under Cement NewsEgypt's Misr Beni Suef Cement saw a one per cent YoY increase in revenue to EGP454m (US$27.4m) in the 2Q19, supported by increased sales despite the Ramadan and Eid holidays. However, net profit was down 82 per cent YoY to EGP16m. The company may consider new investment opportunities worth up to EGP1bn during the coming period, as the company looks to benefit from a cash balance of over EGP1bn, according to Daily News Egypt. Meanwhile, it has reportedly reduced its production rate in acco... |
Raysut Cement to install 1Mta grinding unit in Oman04 September 2019, Published under Cement NewsThe board of Oman’s Raysut Cement Co has approved a plan to install a new grinding unit in Duqm, in the central-eastern part of the country. The 1Mta project is expected to represent an investment of US$30m, with work on the plant scheduled to begin later this month. |
Cemex Holdings Philippines receives approval for rights issue04 September 2019, Published under Cement NewsCemex Holdings Philippines has received board approval for a share sale to existing investors, with a final issue size up to the value of US$250m. The increase in authorised capital stock, followed by an equity deal, is reportedly the best option to improve its capital structure, provide balance sheet flexibility and fund the ongoing expansion of its Solid Cement plant in Antipolo, Rizal, according to the Philippine Inquirer. |
Najran Cement has reappointed its chairman04 September 2019, Published under Cement NewsSaudi Arabia's Najran Cement Co has reappointed Mohammed bin Manaa Aballala (non-executive member) as its chairman. Salah bin Yassin Allaf (independent member) was named as deputy chairman, while Abdulsalam Abdullah Aldriabi was reappointed as CEO. |
Caribbean Cement Co exports clinker to Haiti for the first time03 September 2019, Published under Cement NewsJamaica’s Caribbean Cement Co has exported clinker to Haiti for the first time, according to the Jamaica Observer. The 7500t shipment became possible due to excess production at the company’s plant in Kingston. The operations of the plant have been upgraded over the past four years with an investment of JMD4bn (US$162m) in capital expenditure and JMD500m in training, health and safety, and improving the plant's environment. The company has already exported 14,300t of clinker to Trinidad ... |
Akhangarancement records 29% production increase in 7M1903 September 2019, Published under Cement NewsUzbekistan’s Akhangarancement has recorded a 29 per cent YoY increase in production for the first seven months of 2019, reaching 1.1Mt of cement. The company also shipped 34 per cent more products to customers. In July alone, 190,349t of cement was shipped, the company’s best result since 2013. The growth in production and shipping indicators was also felt in the quarry of the plant, which mined over 1Mt of limestone between January-July 2019. |
Breedon appoints Clive Watson to its board03 September 2019, Published under Cement NewsUK-based Breedon Group has announced the appointment of Clive Watson to its board as an independent non-executive director of the company. Mr Watson was previously the group financial director of Spectris and is still currently serving as a non-executive director of DiscoverIE Group. According to a press release, he holds 35,000 ordinary shares (0.002 per cent of total voting rights) in the company. |
KHD becomes a member of the WCA03 September 2019, Published under Cement NewsGermany’s KHD Humboldt Wedag International AG (KHD) has joined the World Cement Association (WCA) as an Associate Corporate Member. "In a globalised world, we can only tackle the big challenges facing the cement industry, like climate change, together, so it’s great to be working alongside an organisation as respected as KHD," said Vincent Lefebvre, chairman of the WCA. With its range of clean technology solutions, KHD provides energy-efficient and environmentally-friendly products for the... |
Attock Cement's grinding unit starts production in Iraq02 September 2019, Published under Cement NewsAttock Cement Pakistan Limited (ACPL) has informed the Pakistan Stock Exchange (PSX) that commercial production from its newly constructed 0.9Mta cement grinding unit in Basra, Iraq, commenced on 1 September. ACPL has succeeded in exporting a huge quality of clinker and cement both in bags and bulk to UAE, South Africa, Iraq, Sri Lanka and many other countries. In addition, the company also produces low-alkali cement. It is a member company of Pharaon Commercial Investment Group, pre... |
Zhejiang Shangfeng to acquire majority stake in cement producer02 September 2019, Published under Cement NewsChina’s Zhejiang Shangfeng Building Materials Co is set to acquire a 65 per cent stake in Ningxia Mingfeng Mengcheng Building Materials Co, a producer of general Portland cement, clinker and special cement. The total value of the deal is CNY196.65m (US$27.76m). After completion, Ningxia Mingfeng is expected to become a holding subsidiary of Zhejiang Shangfeng. The acquisition will reportedly allow Zhejiang Shangfeng to increase the scale of the industry, enrich the product structure and enh... |