Cement News tagged under: corporate
Shree Cement commissions 2.5Mta of grinding capacity28 June 2019, Published under Cement NewsIndia’s Shree Cement has commenced commercial production at its new 2.5Mta grinding unit in Seraikela-Kharsawan district, Jharkhand. The fresh capacity is one of a number of new grinding projects that the company set out to commission by 2020. Last month, it also announced plans to add 3Mta of capacity to its unit in Pune . |
Peter Donkersloot to resign from Caribbean Cement28 June 2019, Published under Cement NewsPeter Donkersloot Ponce, general manager of Caribbean Cement Co (TCL Group), has announced that he will resign his post effective from 31 July. The position will be filled by Yago Castro Izaguirre, the current general manager of Arawak Cement Co (also TCL Group) in Barbados. Mr Donkersloot was appointed general manager of Caribbean Cement in 2016, under his leadership the company has received approval for a new limestone quarry and gypsum quarry expansion. The company also saw a 237 per c... |
UltraTech and private equity firms in talks to buy Emami Cement assets28 June 2019, Published under Cement NewsEmami Group is reportedly holding talks with UltraTech Cement and private equity firms KKR and Temasek Holding to sell assets from its cement business, Emami Cement, which is valued at INR50bn (US$725.4m). The Kolkata-based company is looking to reduce debt and concentrate on its core business. The group is still deciding on whether to fully exit the cement business or simply reduce its stake by disposing of some of its assets, according to the Economic Times. Meanwhile, its cement business... |
Cemenco rewards distributors at awards night28 June 2019, Published under Cement NewsCemenco has rewarded its distributors in Liberia at an awards ceremony held in Freeport, Monrovia. The ceremony included awards for 20 distributors for their performance in 2018, with silver, gold and platinum categories. Cemencon is currently supporting President George Manneh Weah's Pro-Poor Agenda for Development and Prosperity in Liberia project. The company operates a 0.45Mta grinding plant out of Freeport, Liberia. |
Sephaku Cement set to increase prices this month27 June 2019, Published under Cement NewsSouth Africa’s Sephaku Cement (Dangote Cement) is expected to pay between ZAR35m-40m (US$2.4-2.8m) each year following the introduction of a new carbon tax on 1 June. "The associate will apply the tax on its products based on the proportion of clinker per ton, which translates to between 1.5 per cent and 2.5 per cent price increases on lower-strength and high-strength cement, respectively," said Sephaku Holdings, 36 per cent owner of Sephaku Cement, in a statement. The company will incre... |
PPC announces new CEO and delays annual results presentation27 June 2019, Published under Cement NewsSouth Africa’s PPC has appointed Roland van Wijnen as its new CEO after a search that began in November 2018 when Johan Claassen announced he would be retiring from the role. "We are pleased to have secured Roland, a Dutch national, whose listed company experience and exposure to international global best practice will broaden the management practices of PPC. He has a detailed knowledge of the cement sector. He is up-to-speed with our strategic imperatives and will advance the process with... |
Kaeser Kompressoren celebrates 100 years27 June 2019, Published under Cement NewsKaeser Kompressoren celebrates its centenary this year. Established in 1919 as a machine workshop in Coburg by Carl Kaeser Sr, the company has developed into a compressor manufacturer and provider of compressed air system solutions with a global presence in over 100 countries. Key milestones include the inclusion of reciprocating compressors to its product range in 1948, followed by the development of Kaeser's rotary screw compressors with Sigma Profile rotors in the early 1970s, the start... |
PPC to consider buying remaining stake in Cimerwa26 June 2019, Published under Cement NewsCimerwa's main shareholder, Pretoria Portland Cement Co (PPC), is considering buying the shares in Cimerwa that are currently held by the Rwandan government and minority shareholders. The government has set a deadline of 5 July for investors to bid for its stake in Cimerwa. The Rwandan government hold a 16.54 per cent share in the cement producer and PPC owns 51 per cent of the company, while the Rwanda Social Security Board (20.24 per cent), Rwanda Investment Group (11.45 per cent) and S... |
Cemex increases cement exports from its Mexican plants26 June 2019, Published under Cement NewsIn 2018 Cemex advanced its share of cement exports from its Mexican plants to six per cent. In terms of destination of these shipments, around 63 per cent of Cemex’s total cement exports from Mexico were delivered to the USA, a further one per cent to Costa Rica and the balance to the rest of the Latin American region, including the Caribbean. The company sold 10.2Mt of cement and clinker in 2018 with 5.7Mt exported from its operations in Spain, Croatia, Mexico, Germany, Lithuania, Domin... |
Power Cement to become second-largest producer in southern Pakistan26 June 2019, Published under Cement NewsPower Cement Ltd has informed the Pakistan Stock Exchange (PSX) that it has completed the procurement and installation of plant and equipment of the two expansion projects at its plant site in Nooriabad Industrial Area, Kalo Kohar District, Jamshoroo, Sindh province, Pakistan. It includes a 7700tpd 'clinker production plant' and 8500tpd 'cement production and dispatch plant', says a letter signed by Tahir Iqbal Company Secretary to PSX on 25 June. Both plants were procured from the ceme... |