Cement News tagged under: corporate
Bangladesh Cement Manufacturers Association appoints new president08 May 2019, Published under Cement NewsBangladesh Cement Manufacturers Association (BCMA) has elected Muhammad Alamgir Kabir, managing director of Crown Cement as its new president for the next two years, according to BDNews24. Muhammad Shahidullah, managing director of Metorcem Cement Ltd and chairman of Metrocem Group, and Zahir Uddin Ahmed, managing director of Confidence Cement, have also been elected the first and second vice-president, respectively. The other members of the new committee are Treasurer Faizur Rahman Baku... |
Vicat sees strong French volumes07 May 2019, Published under Cement NewsVicat's first-quarter turnover showed 4.7 per cent improvement to EUR600m, which represents an underlying advance of just 0.3 per cent at constant parameters and exchange rates. The cement turnover also grew by 4.7 per cent to EUR302m, as cement shipments declined by four per cent to 5Mt. Before inter-sector eliminations, the cement turnover amounted to EUR353m, a 3.3 per cent improvement. The turnover in concrete and aggregates was 6.7 per cent ahead at EUR229m, which represents an underlyi... |
Eagle Cement Corp achieve PHP1.59bn net profit in 1Q1907 May 2019, Published under Cement NewsEagle Cement Corp reported a net profit of PHP1.59bn (US$30.6m) in 1Q19. This was a rise of 49 per cent YoY driven by a double-digit growth in sales volumes and higher cement selling prices. Eagle Cement's net sales in the first quarter amounted to PHP5.37bn, up by 34 per cent in the same period last year, the company told the Philippine Stock Exchange. The "strong domestic demand driven by private consumption," the report said. Net income margin improved to 30 per cent from around... |
Uzbekistan proposes to cancel import benefits07 May 2019, Published under Cement NewsThe Ministry of Investment and Foreign Trade of Uzbekistan has proposed to abolish cement import benefits, which were introduced in January 2018. The government suggested that the abolition of the benefits will lead to more efficient production of building materials, create a competitive market and increase domestic production, according to Esmerk CIS News. Uzbekistan’s leading supplier of imported cement is Kazakhstan, which in November supplied 1500t of cement. As of April 2019, ceme... |
Najran Cement Co posts 159% rise in net profit07 May 2019, Published under Cement NewsSaudi Cement producer Najran Cement Co reported a 159 per cent increase in net profits (after zakat and tax) to SAR6m (US$1.6m) in the 1Q19 when compared with the 1Q18, when it reported a loss of SAR10.2m. Sales revenues reached 106.5m in the first three months of 2019, up from SAR97m in the year-ago period. Total profits reached SAR22.6m, an considerable improvement when compared with the SAR9.7m reported in the 1Q18. The improved results have been attributed to an increase in sales volu... |
Maadesh Cements plans cement grinding unit in Tamil Nadu07 May 2019, Published under Cement NewsIndia-based Maadesh Cements is planning the two-phase construction of a 300tpd cement grinding unit in Kattur village, Vellore district, Tamil Nadu. The first phase will see the building of a 100tpd plant. To build the works the company has acquired a 1.57ha plot of land and estimates the project cost at INR50m (US$721,175). To produce OPC and PPC cement, Maadesh Cements will install a 20tph ball mil and draw 600kVA of power from the state grid. Quotations for the equipment have been rec... |
Itacamba Cement launches US$95.6m notes offering07 May 2019, Published under Cement NewsItacamba Cemento of Bolivia has announced a US$95.6m notes offering on the Bolivian stock exchange. The company is a subsidiary of Cementos Molins and Votorantim Cementos of Spain and Brazil, respectively. Previsión AFP Bolivia acted as initial purchasers on the offering. Itacamba Cementos is headquartered in Santa Cruz and has a cement capacity of approximately 1Mta with a grinding plant in Puerto Quijarro and an integrated plant in Yacuces. |
FLSmidth reports strong order intake in 1Q1903 May 2019, Published under Cement NewsTwo large cement orders from Paraguay and Vietnam supported Denmark-based equipment manufacturer FLSmidth’s order intake in the 1Q19. The order backlog expanded to DKK17.8bn (US$2.66bn), the highest level since 2013 and up from DKK13.9bn at the same time last year. "Our order intake and order backlog demonstrate our competitive strength. Each new order is the result of a customer's careful selection of us to deliver and install mission critical equipment or to provide important services to... |
Nesher Cement considering Haifa closure03 May 2019, Published under Cement NewsIsraeli cement producer is looking at closing its Haifa plant and moving jobs to Turkey, according to Globes. Last year the company dismissed 40 employees and is reportedly considering further lay-offs and reductions in its activity through Israel, including shutting down its Haifa works. The company’s profit declined sharply last year. In addition, the domestic cement industry is expected to continue to be challenged by large-scale cheap cement imports from Turkey. Imported cement acc... |
UltraTech clinker grinding project to start in October03 May 2019, Published under Cement NewsUltraTech Cement is preparing to set up a 3Mta clinker grinding unit in Cuttack district, Odisha, India. The INR5.59bn project,which will be funded through a bank loan, will be located on a 36.4ha site. It is expected to provide employment to 120 people. The company has received environmental clearance for the project, which is expected to start by October 2019. |