Cement News tagged under: corporate
Najran Cement resumes production at 6500tpd line25 June 2019, Published under Cement NewsSaudi Arabia’s Najran Cement has temporarily suspended operations of its second production line. However, it will resume production at its 6500tpd third line from 1 July due to a decrease in its clinker inventory, according to Reuters. The change in production lines is also expected to increase operational efficiency and decrease fixed costs in the FY19 by SAR5.7m (US$1.52m). |
LafargeHolcim Côte d'Ivoire starts e-commerce orders25 June 2019, Published under Cement NewsLafargeHolcim Côte d'Ivoire and e-commerce site Jumia have come together to offer the Ciment Bélier brand of cement online from Friday, 21 June 2019. "This online store is intended exclusively for individuals and small entrepreneurs who wish to have a better quality and cost control of their construction work," said Xavier Saint Martin Tillet, LafargeHolcim Côte d'Ivoire CEO. "This partnership makes life easier for all our customers who want to work without having to move to buy their cem... |
CRH announces Board change25 June 2019, Published under Cement NewsCRH has announced that announces that Non-Executive Director Bill Teuber intends resign from the CRH Board with immediate effect for personal reasons. Commenting on the news, CRH Chairman, Nicky Hartery said, "On behalf of the Board I would like to thank Bill for his commitment to CRH, and in particular for his service as Chairman of the Audit Committee. We wish him every success in the future." |
Padeswood to host open day to celebrate 70th birthday25 June 2019, Published under Cement NewsPadeswood is celebrating its 70-year history wth an open day for members of the public on Saturday, 29 June 2019. The Hanson UK (HeidelbergCement Group) factory near Mold, Wales, will be raising funds for The Wales Air Ambulance and Action for Children, North Wales. The plant is currently undergoing a GBP24m modernisation programme to enhance cement capacity, including three new cement silos to expand rail deliveries to Hanson's depots in London, Bristol, and Glasgow. "The upgrade includes... |
Xuan Khiem Group seeks approval for new 2.3Mta plant24 June 2019, Published under Cement NewsVietnam’s Xuan Khiem Group is seeking approval from the prime minister to build a new 2.3Mta facility in Hoa Binh province at an investment of VND4.99trn (US$214.16m), according to Vietnam News. The Xuan Son project is scheduled to complete in 2020, with the plant expected to cover 38ha of land in Yen Thuy district. At the end of last year, the company signed a Memorandum of Understanding with the People’s Committee of Hoa Binh to build the plant. |
International Cement fails to receive SGX acquisition approval24 June 2019, Published under Cement NewsInternational Cement Group (ICG) has failed to receive approval from the Singapore Exchange (SGX) for the complete acquisition of Schwenk Namibia , valued at US$104.4m, according to Business Standard. The exchange has stated that the acquisition does not satisfy a requirement for the target business to be profitable. SGX also noted that ICG does not have sufficient cash resources to fund the acquisition and possibly intends to obtain significant external loans from financial institutions ... |
Lafarge Africa narrows loss to NGN8.8bn in 201821 June 2019, Published under Cement NewsLafarge Africa reported a NGN8.8bn (US$24.4m) loss in 2018, compared with NGN34.39bn in the previous year. The company’s audited results have been released, showing revenue of NGN308bn, up from NGN299bn in 2017. Finance costs increased to NGN45.973bn from NGN43.217bn, while loss before tax reached at NGN19.508bn. A tax credit of NGN10.707bn reduced the loss after tax to NGN8.802bn. Lafarge will sell its entire stock of issued share capital in Lafarge South Afria Holding Ltd to Caricement ... |
Livetouch International seeks production increase21 June 2019, Published under Cement NewsZimbabwean cement producer Livetouch International, part of Diamond Cement, plans to increase its cement capacity utilisation rate from the current 45 per cent. The Redcliff-based company has a 0.5Mta plant but has been operating at low capacity rates due to a shortage of raw materials, according to The Herald. The company’s CEO, Don Wang, said the company had been relying on competitors such as PPC for the supply of limestone. “We have, however, put measures to make sure that we capacit... |
VICEM reports 5% rise in 1H sales20 June 2019, Published under Cement NewsState-owned Vietnam Cement Industry Corp (VICEM), the country’s leading cement producer, is estimated to have sold 14.98Mt of cement and clinker in the first half of 2019, representing a five per cent YoY increase. The total includes 13.1Mt of cement, up 11.4 per cent YoY, and 1.87Mt of clinker, a 25 per cent YoY drop. In the 1H19 VICEM’s pretax profit is estimated to have surged 62.3 per cent YoY to VND1.66trn (US$71.2m) on a revenue of VND17.64trn, up 4.3 per cent YoY, according to Vie... |
Cemento Inka expects to start Pisco construction in August20 June 2019, Published under Cement NewsPeru-based Cemento Inka plans to start the civil works for its new 0.7Mta grinding plant in Pisco in August. The US$20m project is expected to take 12 months to complete with commissioning due in the 2H20, according to the company’s Director and Marketing Manager, Carlos Alberto Choy. Output from the plant will be sold in the markets of Ayacucho and Apurímac. The company is reportedly also in talks with quarry owners in southern Peru to supply them with limestone. Cemento Inka currently ... |