Cement News tagged under: corporate
Lafarge Canada Inc appoints new Eastern Canada CEO03 April 2019, Published under Cement NewsLafarge Canada Inc (LafargeHolcim group) has appointed David Redfern as CEO of its Eastern Canada operations. Previously Product Line General Manager for Western Canada Aggregates and the Greater Vancouver area, David joined LafargeHolcim in 1999 and has held numerous roles of increasing responsibility throughout Canada and France. "David’s success in our Vancouver market has been focused on commercial growth and operational excellence" said René Thibault, LafargeHolcim Group Executive Com... |
CRH completes fourth phase of share buyback02 April 2019, Published under Cement NewsCRH plc has completed the fourth phase of its share buyback programme, returning a further EUR200m of cash to shareholders, according to a press release. Between 2 January and 29 March 2019, 7.6m ordinary shares were repurchased on the London Stock Exchange and Euronext Dublin at an average discount of 0.6 per cent to the volume weighted average price over the period. This now brings total cash returned to shareholders under the programme to approximately EUR1bn over the last 12 months... |
Government promises not kept for Hongshi Shivam Cement02 April 2019, Published under Cement NewsNepal's Government has come up short in respect to keeping its word on infrastructure and energy promises to the Chinese Hongshi Shivam Cement Co, according to a report in the Nepali Times. The Nepalese government signed a foreign direct investment (FDI) deal with the cement producer in 2017 to help establish its cement plant with a local partner. However, the government failed to build the road to the plant and erect a transmission line. Hongshi Shivam Cement constructed its own dirt tra... |
Ambuja Cement launches 'Ambuja Plus Cool Walls'02 April 2019, Published under Cement NewsAmbuja Cements Ltd (LafargeHolcim group) has launched 'Ambuja Plus Cool Walls' for Individual Home Builders (IHB) in Thane district, India. The product ensures maintenance of a 5°C temperature difference indoors, no matter how hot or cold the external temperature is. Developed by Ambuja’s in-house team, the product embeds 'Heat Barrier' technology to keep indoors warm during the winter and cool during the summer. Deepak Mehra, chief marketing officer of Ambuja Cement, said: "Since our ince... |
ENCI halts clinker production01 April 2019, Published under Cement NewsENCI, based in The Netherlands, has shut down its kiln after 91 years of operation. The event, which was carried out in the night of 29 March 2019, was low-key. The plant’s limestone quarry in Sint-Pietersberg, South Limburg, will now be a home to rare insects. Until 2018 the cement producer quarried limestone for the works’ kiln line. However, on 1 January 2020, the 120h site will pass to the management of Natuurmonumenten. |
Penna Cement enters freight LTTC with South Central Railway01 April 2019, Published under Cement NewsIndia-based Penna Cement Industries signed a long-term tariff contract (LTTC) with South Central Railway (SCR) to transport freight at a fixed rate. The five-year scheme will provide long-term stability and certainty in freight tariff rates to Penna Cement. According to the terms of the LTTC, freight rates will remain fixed for one year and if the customer exceeds the previous year’s freight contribution, it will unlock discounts. "It is a growth-linked incentive wherein, higher the freigh... |
Xuan Thanh Cement orders new line from FLSmidth29 March 2019, Published under Cement NewsXuan Thanh Cement has awarded FLSmidth with a DKK550m (US$82.6m) contract for a new brownfield production line at its facility in Ha Nam province, Vietnam. FLSmidth will design and engineer the new clinker production line and deliver equipment for the entire process from crushing to clinker silo. The order is due to be completed by the end of 2020, and once operational the production line will have a capacity of 12,500tpd. In 2015, Xuan Thanh Cement placed a similar order for a product... |
Buzzi Unicem reports EBITDA rose by nearly 14% in 201829 March 2019, Published under Cement NewsBuzzi Unicem released its consolidated financial statement for 2018, reporting that EBITDA rose by 13.6 per cent in 2018 to EUR577m, up by EUR69m on 2017. Net debt increased to EUR891m rising by EUR28m after investments of EUR444m, of which EUR31m were for expansion projects, EUR45m for the acquisition of Seibel & Sohne in Germany and EUR161m for the strategic agreement with Grupo Ricardo Brennand in Brazil. In 2018 the group sold 27.9Mt of cement , up 4.3 per cent on 2017 and 12.1Mm 3 ... |
Grupo Argos to invest COP2.6trn in subsidiaries in 201929 March 2019, Published under Cement NewsColombia’s Grupo Argos, parent company of Cementos Argos, has stated that it plans to invest around COP2.6trn (US$816m) in its cement, energy and construction subsidiaries this year. Cementos Argos, Celsia and Odinsa will be the focus of the spending, made possible by the increase in net profits for the group in 2018. "In the coming years we'll continue to be a relevant player in the infrastructure of the country and the continent," said Grupo Argos CEO, Jorge Mario Velasquez. |
Bulacan plant wins tax incentives for new kiln line29 March 2019, Published under Cement NewsHolcim Philippines has secured tax incentives for its new kiln line in Bulacan province. The Board of Investments approved the company's application to register as a new cement producer for its Bulacan Line 3 project which will raise the cement capacity of the company to 2.478Mta. The tax incentives include income tax holidays of up to six years from commercial operations for pioneer companies and four years for non-pioneer firms. The Bulacan Line 3 project is part of a US$300m investment ... |