Cement News tagged under: corporate
Big Asian producers in the frame for Holcim Philippines acquisition28 March 2019, Published under Cement NewsChina's Anhui Conch Cement Co and Japan's Taiheiyo Cement Corp have been invited to the next round of bidding for LafargeHolcim's Holcim Philippines Inc, along with Eagle Cement Corp. Shares of Holcim Philippines have risen more than 50 per cent since January 2019, giving the cement maker a US$1.3bn market value, says Bloomberg. Holcim Philippines has also attracted interest from China Resources Cement Holdings Ltd and Hongshi Group Co, reports Bloomberg. Meanwhile, Holcim Philippines In... |
ACC Ltd's cement sales rise to 28.37Mt in 201828 March 2019, Published under Cement NewsAt ACC Ltd's (LafargeHolcim group) 83rd Annual General Meeting, Neeraj Akhoury, managing director and CEO, said the company's cement sales had increased eight per cent to 28.37Mt in 2018. Mr Akhoury added that despite facing multiple rising costs of coal, fuel, petcoke and diesel the company registered robust revenue and volume growth across all four quarters of 2018. Cement sales rose by over 2Mt on 2017 and the premium product range grew by 36 per cent. ACC Ltd's consolidated EBITDA gr... |
New slag cement grinding unit to be set up in Houston28 March 2019, Published under Cement NewsCharah ® Solutions Inc has announced that it will use its patented grinding technology in a new facility to grind granulated blast furnace slag (GBFS) for supplementary cementitious materials. The unit will be located at Watco's Greens Port Industrial Terminal (GPIT) on the Houston ship channel and is expected to be operational in the 3Q19. "As one of the leading fly ash sales and marketing companies in the country, we are excited to open this facility that will increase access to high-qu... |
Bolivia’s Potosí plant construction 2/3 completed28 March 2019, Published under Cement NewsConstruction work on the US$241m state-owned cement plant in Chiutara, Potosí, has been 66 per cent completed, according to Bolivian President, Evo Morales. The cement works is currently being built by a consortium formed by Spain-based Imasa and Valoriza (Sacyr group) and Germany’s Polysius. The consortium was contracted by the Bolivian government in 2017 to build the 1.3Mta plant in 36 months. Mr Morales added that the government approved a decree so that the roads built in the country ... |
New finish mill commissioned at Oro Grande plant27 March 2019, Published under Cement NewsCalPortland has commissioned a new cement grinding mill and distribution system at its cement plant in Oro Grande (CA), USA. The development brings an additional 64 per cent in total production capacity directly to the Oro Grande plant. The project is the culmination of the partial plant modernisation programme that was originally completed in 2008, prior to the acquisition of the facility by CalPortland. The project began in January 2018 and was constructed by general contractor Thysse... |
Cemex Ventures teams up with TEFKEN Ventures in construction27 March 2019, Published under Cement NewsCemex Ventures Corporate Capital Unit has signed a collaboration agreement with T EFKEN Ventures, a Turkish industrial conglomerate working in the construction, agriculture, manufacturing and real estate sectors. The businesses will develop synergies between them to innovate the construction industry. The two investment funds will work to invest in new technologies and innovative solutions to drive the revolution of the construction industry on a global basis. Agendas and events will be co... |
Meghna Cement on track for mid-2019 VRM start-up27 March 2019, Published under Cement NewsMeghna Cement Mills Ltd says that its expansion project is likely to complete in the mid-2019. The company signed a contract with FLSmidth in 2017 to import equipment for installing a second vertical roller mill (VRM) to increase its capacity to 2Mta at the cement producer's Mongla plant in Bangladesh. The contract for the VRM has been valued at US$15.7m, according to the 2018 company annual report. In separate news earlier this month, the company informed Dhaka Stock Exchange that its ... |
Arabian Cement posts 24% revenue increase in 201826 March 2019, Published under Cement NewsEgypt-based Arabian Cement Co, a subsidiary of Spain’s Grupo Bertolin, posted a 23.6 per cent YoY increase in revenue to EUR168m in 2018. Meanwhile, net profit also advanced 7.4 per cent to EUR11.9m for the year. The results show that, despite a depreciation in the Egyptian pound, Arabian Cement has remained profitable. It distributed over EUR10m in dividends in 2018. |
Cementos Argos dispatched 16Mt of cement in 201825 March 2019, Published under Cement NewsCementos Argos has released its financial figures and strategic milestones of 2018 during the shareholders' annual meeting. Cementos Argos reported a consolidated EBITDA of COP1.54bn (US$491.7m) and a growth of eight per cent. The company dispatched 16Mt of cement and 10.3Mm 3 of concrete generating income of COP8.4bn. Net income was COP178.563m in 2018. Regional summaries US cement dispatches in 2018 amounted to 5.7Mt, while concrete dispatches reached 7Mm 3 . This raised US$1.5bn inco... |
Cement Hranice records 10% sales rise in 201825 March 2019, Published under Cement NewsCzech Republic-based Cement Hranice (Buzzi Unicem group) saw its sales rise 10 per cent YoY in 2018 to CZK1.697bn (US$74.59m). Profit increased 15 per cent to CZK513m, compared with CZK443m of the previous year. "A positive contribution to the increase in sales came mainly from the boom of construction in the Czech Republic and from higher supplies to Poland," said Roman Michalcik, board member. The majority of its cement output was sold domestically, generating CZK1.229bn, while exports... |