Cement News tagged under: corporate
Emami Cement looks to expand limestone mining capacity04 June 2019, Published under Cement NewsIndia’s Emami Cement Ltd has announced plans to expand its limestone mining capacity from 5.5Mta to 9Mta at its operations in Kukurdih of Raipur district, Chhattisgarh. The project is expected to be spread over 395ha of land and represent an investment of INR10bn (US$144.35m). While environmental clearance is currently being awaited, work on the expansion is projected to begin by May 2020. |
IMP Automation Group boosts FLSmidth mining portfolio04 June 2019, Published under Cement NewsFollowing the approval of the competition authorities, IMP Automation Group has now officially become a part of FLSmidth. With the acquisition, first announced in February, FLSmidth completes its portfolio of automated laboratory solutions for the mining industry. "With the closing of the deal, we can now start the next phase in our product evolution. The benefits of the joint portfolio are immediately available to our customers, and our pipeline is strong. We are confident that our produc... |
Sri Chakra Cement closes FY18-19 with INR55.9m net loss03 June 2019, Published under Cement NewsSri Chakra Cement reported a net loss of INR35.8m (US$515,506) in the quarter ended March 2019 compared to a net profit of INR16.9m in the year-ago quarter. The company’s sales increased 65.5 per cent to INR498.2m in January-March 2019. In the first three months of 2018 it achieved sales of INR301.1m. For the full FY18-19 a net loss of INR55.9m was reported (FY17-18: net profit of INR1.2m). Sales advanced 1.7 per cent to INR1.882bn in FY18-19, up from INR1.85bn in the previous year. |
Ramco Cements to invest INR35bn in expansion programme31 May 2019, Published under Cement NewsIndia’s Ramco Cements has confirmed plans to invest INR35bn (US$501m) to expand its production capacity from 12Mt to 20Mt by 2020, following the conclusion of the country’s general election. "The uncertainty has ended and stability is back at the centre," said P R Venketrama Raja, chairman and managing director, Ramco Cements. "We expect the new government to focus on major infrastructure projects that will spur growth in the cement sector." The company has already invested INR12bn in upco... |
Eagle Materials to separate heavy and light material businesses31 May 2019, Published under Cement NewsUSA-based Eagle Materials’ board has approved a plan to separate its heavy materials and light materials businesses into two publicly-traded entities. Earlier this month, Sachem Head Capital Management, which disclosed a nine per cent stake in the company in March, reportedly urged the company to separate its cement and wallboard businesses, according to Reuters. Eagle Materials’ heavy materials business will operate as a cement company, while the light materials business will continue to... |
Lafarge Malaysia announces new managing director31 May 2019, Published under Cement NewsLafarge Malaysia has announced the appointment of Michael Yeoh Sock Siong as managing director of the company effective from 31 May. The company stated that he has been repositioned from the previously-announced role of executive director to MD. Members of the Yeoh family, which controls the YTL group, joined the Lafarge Malaysia board two weeks ago after its acquisition by YTL Cement. |
Argos opens packaging plant in Dominica31 May 2019, Published under Cement NewsArgos, a cement company of Grupo Argos, has opened a new packing plant on the island of Dominica in the Caribbean to allow a more reliable and timely supply of cement. The plant's packer has three nozzles and a capacity of more than 1000 bags per hour. The scope of the project includes structural and ergonomic improvements and the replacement of the system's dust collector, which will allow for cleaner and more environmentally-friendly processes, says Argos. Argos has been present in the i... |
Anhui Conch elects Gao Dengbang as chairman to board31 May 2019, Published under Cement NewsChina-based Anhui Conch Cement Co Ltd has elected Gao Dengbang as chairman to the board during its eighth Board of Directors meeting. In addition, Wang Jianchao was appointed vice chairman, while Dai Guoliang retired as independent non-executive director of the company. |
Lafarge Malaysia reduces net loss in 1Q1930 May 2019, Published under Cement NewsLafarge Malaysia successfully reduced its net loss to MYR32.07m (US$7.64m) in the 1Q19, compared with MYR68.73m of the year-ago period. However, revenue saw a minor 1.5 per cent YoY fall to MYR538.7m from MYR546.8m, with the decrease attributed to lower cement sales caused by market conditions. The company noted that key infrastructure projects will help reduce the domestic cement industry’s overcapacity, but market conditions are expected to remain challenging. "There is still healthy ... |
Ultracem plans new Honduran plant30 May 2019, Published under Cement NewsConstruction growth and increased cement demand in Honduras are prompting cement producer Ultracem to make plans for a new cement plant in Cortés in the northwest of the country. At present, the company has invested US$2m and employs 60 people in its current operations. The new plant is expected to push up employment to 100 but an investment amount has not been disclosed. “The short-term plan is to build a production plant that employs a larger number of people and greater investment, we... |