Cement News tagged under: corporate
ARM Cement expected to sell shares in Mafikeng Cement10 April 2019, Published under Cement NewsARM Cement is expected to sell its 70 per cent stake in South African subsidiary Mafikeng Cement (Pty) Ltd. PriceWaterhouseCoopers, which is administering ARM Cement, has started preparations to dispose of the stake in Mafikeng Cement for KES300m (US$2.974m). The Mafikeng plant was to be established with a cement capacity of 1Mta and ARM Cement invested KES75m in the company to buy a controlling stake in 2010. The project includes mining rights to limestone reserves in the northwest of Sout... |
HeidelbergCement makes further progress with portfolio optimisation09 April 2019, Published under Cement NewsHeidelbergCement’s subsidiary Italcementi has signed contracts with Buzzi Unicem and Colacem regarding the disposals of cement plants in the northern and central region of Italy. The involved parties agreed not to disclose details of the transactions for the time being. “These divestments are part of our action plan to accelerate our portfolio optimisation,” said Dr Scheifele, chairman of the Managing Board of HeidelbergCement. “We are well on our way to reach our target of EUR1.5bn of d... |
Sika sees successful start to the year09 April 2019, Published under Cement NewsSika has reported a successful start to 2019 business year, reporting a new sales record of CHF1644.8m (EUR1462m) in the first quarter. This equates to an increase of 7.1 per cent in local currencies. A negative currency effect (-1.3 per cent ) led to robust sales growth in Swiss francs of 5.8 per cent . Paul Schuler, Chief Executive Officer: “In a commercially challenging environment we have delivered sales growth of 7.1 per cent, which represents a strong start to the new business... |
Indocement anticipates conservative sales growth09 April 2019, Published under Cement NewsIndocement Tunggal Prakarsa is targeting a conservative sales growth of four per cent this year to IDR15.8trn (US$1.1bn) on the back of a slowdown in domestic cement consumption, president director Christian Kartawijaya has said. Mr Kartawijaya predicts demand for cement to pick up in the second half of 2019, after the country's presidential election to be held this month, he told the Jakarta Post. The HeidelbergCement group company believes cement consumption will be driven by government ... |
Lafarge Malaysia expects subdued demand, higher prices09 April 2019, Published under Cement NewsLafarge Malaysia expects subdued domestic cement demand to continue in 2019 but prices are anticipated to increase due to higher production costs. A report in the Edge Financial Daily states that the recovery in the property market will take longer as the oversupply overhang and affordability issue continues to plague the industry. The potential revival of the East Coast Rail Link (ECRL) project is positive for the group as it had secured a cement supply contract previously, the report ad... |
Cemex Holding Philippines plans SRO08 April 2019, Published under Cement NewsCemex Holdings Philippines Inc plans to increase its capital stock by more than triple to raise finds through a potential stocks rights offering (SRO). "Cemex Holdings became one of the most actively-traded stock (last week) after it disclosed its plan to increase its authorised capital to enable itself to raise finds via SROs or other fund-raising option," said Jervin S de Celis of Timson Securities. Cemex is aiming to raise up to US$250m to improve its capital structure, provide flexibil... |
HCT appoints new CEO after Emir Adigüzel steps down08 April 2019, Published under Cement NewsHeidelbergCement Trading (HCT) has made management changes following the departures of CEO Emir Adigüzel, and Deputy CEO and General Director Kerim Erben. Emir Adigüzel joined the group in 1989 and became COO HCT in 1996. After the integration of the ITC trading arm Interbulk in 2016, he took over the extended responsibility as CEO HCT. During Emir Adigüzel’s leadership, HCT has expanded from a small trading arm of HeidelbergCement with a turnover of EUR25m in 1996 to one of the leading i... |
Cementos Argos supplies concrete for Caribbean’s largest effluent treatment plant08 April 2019, Published under Cement NewsColombia-based Cementos Argos has supplied 22,978m 3 of concrete for the Mirador Norte-La Zurza wastewater treatment plant, the largest in the Caribbean, according to Dominicano Ahora. The 1.2m 3 /s treatment plant, which is being built by Incatema Consulting and under supervision of the Santo Domingo Aqueduct and Sewer Corp, will benefit half-a-million people in the National District and Santo Domingo province, Dominican Republic. "At Argos, we are inspired to know that through our pr... |
Cbb inaugurates new 0.2Mta Arica plant05 April 2019, Published under Cement NewsCbb (formerly known as Cementos Bío Bío) has inaugurated its new 0.2Mta cement plant in Arica, northern Chile in the presence of Chile’s Minister of Economy, José Ramón Valente. The project represents an investment of US$16m and is the company’s fifth production unit – in addition to plants in Antofagasta, San Antonio, Teno and Talcahuano. In addition to the kiln line, it includes 1100m2 of green areas. While some of the output will be delivered to the local market, the company has also ... |
Cimencam inaugurates 0.5Mta grinding plant05 April 2019, Published under Cement NewsPresident Paul Biya of Cameroon inaugurates the Nomayos grinding plant On Tuesday this week, Cimencam (LafargeHolcim group) officially inaugurated the new Nomayos cement plant. The ceremony was carried out under the patronage of his Excellency Paul Biya, President of the Republic of Cameroon. The grinding plant has a capacity of 0.5Mta and was constructed by CBMI of China. According to Benoît Galichet, CEO of Cimencam, this new production unit is the first step in the transf... |