Cement News tagged under: corporate
Eagle Materials launches strategic review22 April 2019, Published under Cement NewsEagle Materials Inc, USA, has launched a strategic review of its portfolio of businesses, including heavy materials, light materials, and oil and gas proppants. The review will be conducted by its Board of Directors and management team, with the support of independent financial advisors. “As part of the portfolio review, the Company will carefully consider the full range of options focused on enhancing the value creation potential of Eagle, including separating the businesses and evaluatin... |
Fauji Cement profits surge 15%22 April 2019, Published under Cement NewsFauji Cement Company Ltd (FCCL), Pakistan, posted earnings of PKR2.4bn (USD16.99m), up by 15 per cent YoY for the nine months ended March 31 in FY2019. Net sales declined by 1.07 per cent to PKR15.64bn, from PKR15.81bn, primarily owing to drop in local dispatches. Over the period, distribution costs fell by 4 per cent to PKR183m, but administration expenses increased by 8 per cent to PKR 295m. |
MI Cement to raise debt for Bangladeshi grinding unit19 April 2019, Published under Cement NewsMI Cement Factory Ltd is expected to raise foreign currency loans from HSBC and Standard Chartered Bank to finance its sixth line at its West Mukterpur, Munshiganj district of Bangladesh, according to the company’s Senior General Manager, Mozharul Islam. The US$70m project will add 8400tpd of grinding capacity to the site’s current capacity of 19,400tpd. Commercial production at the new unit is scheduled to start in January 2021. |
Semen Indonesia Group and SBI see 47% rise in February sales19 April 2019, Published under Cement NewsSemen Indonesia Group and PT Solusi Bangun Indonesia (SBI) have posted sales of 3.095Mt in February 2019, a significant increase of 47 per cent YoY when compared with a sales volume of 2.106Mt noted in February 2018. Semen Indonesia reported a 7.4 per cent YoY advance in its sales volume to 2.157Mt in February 2019. Of this total, the company supplied 1.856Mt to the domestic market, up 1.2 per cent when compared with 1.835Mt in February 2018. Around 300,772t was exported, representing a 7... |
Wacker opens competence centre for cement and concrete in Shanghai19 April 2019, Published under Cement NewsChemical company Wacker has opened a new competence centre for cement and concrete applications in Shanghai. The laboratory will develop silicone products that improve the properties of and longevity of cement and concrete in a sustainable way, with a particular focus on performance-enhancing silicone additives. "The new centre of excellence in Shanghai will help our clients face these challenges and capitalise on the opportunities they bring," said Paul Lindblad, president of Wacker Great... |
Ecebol's Oruro cement plant produces first cement18 April 2019, Published under Cement NewsOn 15 April 2019, Empresa Publica Productiva Cementos de Bolivia's ( Ecebol) Oruro cement plant produced its first cement, according to schedule. In the following weeks the plant will carry out the performance tests and it is estimated is that by the end of May the Final Acceptance Certificate will be received. The consortium ThyssenKrupp Polysius-Imasa Ingeniería y Proyectos-Sacyr Industrial have engineered, supplied and erected the 3000tpd plant at 4.040m above sea level. Some 4.6m wor... |
LafargeHolcim to appoint three new Board Members at AGM18 April 2019, Published under Cement NewsLafargeHolcim's Board of Directors are to propose the appointment of three new Members of the Board at the Annual General Meeting (AGM) on 15 May, following the resignation of two Board members. The nominees for the new positions are Colin Hall, Naina Lal Kidwai and Claudia Sender Ramirez. Nassef Sawiris and Gérard Lamarche have decided not to stand for re-election to the Board at the AGM. As the Head of Investments of Groupe Bruxelles Lambert, a major shareholder of LafargeHolcim, Colin H... |
Aalborg Portland posts record turnover in 201817 April 2019, Published under Cement NewsDenmark-based Aalborg Portland has recorded a five per cent rise in turnover to DKK8.90bn (US$1.37bn) in 2018, compared with DKK8.5bn in 2017, which is the company’s highest-ever turnover. The improvement is due to large acquisitions in Belgium and the US, which with satisfactory returns have been able to compensate for stagnation in construction activity in the Nordic region. "We are proud that in 2018 we have delivered both the highest turnover and the best result in the Group's history... |
Maple Leaf Cement set to begin production at new 7300tpd line17 April 2019, Published under Cement NewsPakistan’s Maple Leaf Cement has announced that it expects to start commercial production of clinker from its new 7300tpd line in Iskandarabad, Punjab province, next week. "After successful phase-wise commissioning test of installed equipment, the plant is in a trial run state," the company stated in a filing to the stock exchange. "Commercial production from new line of 7300tpd is expected to commence next week." The brownfield expansion is forecast to take total production at the plant ... |
Power Cement expansion runs smoothly17 April 2019, Published under Cement NewsPower Cement of Pakistan has released a progress report on the implementation of the Nooriabad expansion project for the quarter ended 31 March 2019. In view of the ongoing progress, a new date for trial production would be announced soon, according to a company official. The original expected date for trial production was June this year. Power Cement is implementing an ambitious expansion plan to install a new line of 7700tpd at the company's existing site Nooriabad Industrial Area, Kal... |