Cement News tagged under: corporate
Ambuja Cement to support cement activities with RMC and aggregate acquisitions15 July 2019, Published under Cement NewsLafargeHolcim-owned Ambuja Cement is looking to acquire capacity in ready-mix concrete (RMC) and aggregates business to fuel growth, according to The Business Standard, citing a company official. Analysts see the move as a step towards being a building materials company and not solely a cement maker. “Globally, cement giants have looked at developing a building materials image and not just as a cement manufacturer and the focus of Ambuja (Holcim Group) appears to be on similar lines. The fo... |
Rimco Investments increases share ownership in Suez Cement12 July 2019, Published under Cement NewsRimco Investments has purchased around 474,000 shares in Suez Cement (HeidelbergCement Group) raising its shareholding from 8.85 to 9.11 per cent. The total value of the deal was EGP3.79m (US$228,000) at an average price of EGP8/share. The Suez Cement Co includes the plants of Suez, Kattameya, Tourah and Helwan in Egypt. |
Asia Cement Corp's Taroko mining rights repealed12 July 2019, Published under Cement NewsThe Taipei High Administrative Court has repealed Asia Cement Corp’s (ACC) right to operate a cement mine located in Taroko National Park, Taiwan. This decision upheld an appeal from Taroko residents and falls against a Ministry of Economic Affairs (MOEA) decision to grant a 20-year extension of mining rights until 2037. After the extension of mining rights was granted in November 2016, Taroko residents responded by filing a lawsuit against the MOEA and ACC. The court ruled for the reside... |
NCLT approves Dalmia's acquisition of Murli Industries with conditions11 July 2019, Published under Cement NewsIndia’s Dalmia Cement (Bharat) has received approval from National Company Law Tribunal (NCLT) Mumbai regarding its offer to save Murli Industries from liquidation. However, the assembly has outlined certain conditions for the deal. The liquidation value of Murli’s assets is INR2.31bn (US$33.6m) while Dalmia has offered INR4.02bn for the acquisition of its 3Mta cement manufacturing business in Maharashtra. The offer will see banks receive INR3.8bn out of the INR27.83bn due, according to Th... |
Holcim Philippines completes Davao expansion11 July 2019, Published under Cement NewsHolcim Philippines has completed its 0.7Mta expansion project at its Davao facility, which has been undertaken to support the strong construction activity in Mindanao, according to a press release. "Our company is determined to continue supporting the development of Davao and the rest of Mindanao. These initiatives strengthen our ability to contribute to the progress of the region at this time of robust growth," said John Stull, CEO. The expansion involved the activation of a finish mill... |
INC launches new cement11 July 2019, Published under Cement NewsParaguay’s Industria Nacional del Cemento (INC) has launched a new Portland cement, type CP II-C40, produced exclusively for structural work. Due to its high strength it is recommended for structures where the demoulding time is fundamental for the works, rotation of formwork and progress of the schedule. With increased resistance to humidity, the concrete produced with this cement is more workable, which results in easier placement and compaction, thus increasing its durability. As it is... |
Indocement prepared to make plant acquisition in 201910 July 2019, Published under Cement NewsIndocement Tunggal Prakarsa has noted that it is ready to make a cement plant acquisition this year if the opportunity arises. "Indocement is in a position that is ready to make an acquisition if there is indeed a cement manufacturer with a strategic location that will be sold," said Antonius Marcos, director and corporate secretary. Mr Marcos explained that by acquiring a strategic cement plant, it could create a positive synergy and will continue to consider all opportunities availa... |
Steppe Cement records 6% rise in volumes for 1H1910 July 2019, Published under Cement NewsKazakhstan’s Steppe Cement has sold 780,315t of cement in the first half of 2019, an increase of six per cent YoY from 738,228t in the year-ago period. The revenue from the sale of cement has surged 34 per cent to KZT14bn (US$36.6m) from KZT10.5bn. The average price of its cement, excluding VAT, rose to KZT18,042/t, compared with KZT14,276/t in the 1H18. The company’s local market share increased slightly to 17 per cent from 16 per cent. The overall cement market in the country contracte... |
LafargeHolcim launches the 'Plants of Tomorrow'10 July 2019, Published under Cement NewsLafargeHolcim has launched its 'Plants of Tomorrow' project for its application of Industry 4.0 to its cement business over the next four years. The multinational aims to eventually apply the technology to its network of more than 270 integrated cement plants and grinding stations across 50 countries. LafargeHolcim predicts that its 'Plants of Tomorrow' certified operation will show 15-20 per cent operational efficiency gains compared to the conventional plant. The company will use automati... |
Chinese cement companies expect significant rise in 1H net profit10 July 2019, Published under Cement NewsHuaxin Cement has forecast a rise in net profit between 46-56 per cent YoY from CNY2.1bn (US$305m) in the first half of 2019 when compared with the 1H18, according to Reuters. Tangshan Jidong Cement is expecting its first-half net profit to rise between 57.8-63.2 per cent from CNY918.92m in the 1H18. |