Cement News tagged under: corporate
Eastern Province Cement reports 35% fall in net profit20 March 2019, Published under Cement NewsSaudi Arabia’s Eastern Province Cement Co has reported a 34.6 per cent YoY profit decline after zakat and tax, falling to SAR70m (US$18.66m) from SAR107m of 2017. The company attributed the decrease to a drop in sales of cement, precast concrete and higher zakat provisions, according to a statement to the country’s stock exchange. In the 4Q18 profit surged 225 per cent YoY to SAR26m, compared to SAR8m of the previous year. |
DG Khan to invest in hotel business20 March 2019, Published under Cement NewsDG Khan Cement has informed Pakistan Stock Exchange(PSX) that an extra ordinary general meeting of board of directors is scheduled to be held on 17 April to transact some special business pertain to invest in Nishat Hotels and Properties Ltd. According to a bourse filing of the company, to consider and if deem fit, the company be and is hereby authorised to further invest upto PKR200m (US$1.43m) from time to time in Nishat Hotel. The company top officials are being empowered in this regard. |
Procurement process begins for new Deshbandhu Group plant19 March 2019, Published under Cement NewsBangladesh-based Deshbandhu Group and Guangdong Power Engineering Co Ltd are now seeking project finance for their proposed 1500tpd cement plant near Dhaka. The new facility requires a total investment of US$90m. Guangdong Power Engineering has secured half of this sum from one of China’s domestic development banks, according to Inside International Industrials. Guangdong Power Engineering will be responsible for design, procurement, construction, installation and testing, according to th... |
Holcim Azerbaijan celebrates 70-year history19 March 2019, Published under Cement NewsHolcim Garadagh cement plant (LafargeHolcim group) has held a jubilee event to mark its 70-year history in Azerbaijan. Holcim Azerbaijan welcomed guests and gave speeches about the company's recently implemented works, its policy, values and future plans. "Holcim Azerbaijan which has been pioneering lots of novelties in the course of all these 70 years, will keep its contribution to the production of high-quality products for projects that will have a positive impact on the country's econo... |
Libya Cement Co launches EUR200m investment programme18 March 2019, Published under Cement NewsLibya Cement Co (CC) has announced an investment programme of EUR200m to be carried out over the next five years to increase its cement capacity. The investment will cover a mixture of new and upgraded facilities that will raise the company's production capacity by more than 50 per cent from around 2Mta to over 3Mta of cement. Financing for the project is close to being in place, the LCC says, with the Central Bank of Libya (CBL), major banks and funds, and other interested parties having b... |
China Tianrui full-year profit 21% up in 201818 March 2019, Published under Cement NewsChina Tianrui Group Cement reported a 21 per cent increase in profits to CNY1.21bn in 2018 when compared with CNY1bn the previous year. The company’s revenues were up 19.5 per cent from CNY8.42bn in 2017 to CNY10.06bn in 2018. |
East African Portland Cement lose Athi River land decision15 March 2019, Published under Cement NewsEast African Portland Cement (EAPC) has lost to a government decision on ownership of a plot of land in Athi River, Kenya. State-owned Kenya Railways plan to construct a container terminus on the land, despite EAPC and local residents, known as the Aimi Ma Lukenya Society, having also claimed to own the disputed land. Speaking at Kibini hill in Kajiado East last week, Trade Cabinet Secretary Peter Munya confirmed that there is a deal for the land to be sold to Kenya Railways. "We have ... |
Suez Cement reports impact of wastewater flood15 March 2019, Published under Cement NewsSuez Cement has announced that its Kattameya plant has been seriously affected by the collapse of a soil barrier around one of the wastewater ponds of a treatment station that serves New Cairo. The incident resulted in the flooding of 1.5Mm 3 of treated wastewater, which has damaged part of the plant's limestone belt by removing it from its base. Furthermore, power cables were cut, light posts damaged and an asphalt road was demolished as it sank in the water. In a statement to the Egypti... |
Cementos Progreso tests new San Gabriel plant15 March 2019, Published under Cement NewsGuatamala-based Cementos Progreso has completed its investment of GTQ3.85bn (US$501m) at its San Gabriel plant in San Juan Sacatepequez. Tests were launched in 2018 and are expected to continue in the next few months before the 4500tpd plant enters commercial operation. Initially output will be sold in the domestic market, but in the longer term, Cementos Progreso expects to export some of the production volume. |
Former INC president to head Cementos Concepción15 March 2019, Published under Cement NewsThe former president of Paraguayan state-run cement producer Industria Nacional del Cemento, Jorge Mendez, will be leading the new cement company Cementos Concepción, according to Esmerk Latin American News. The new 1Mta cement plant , announced earlier this week, is expected to come online in 2021. Equipment for the facility will be supplied by Denmark-based FLSmidth. When operational, the unit will produce two types of cement – for small and large construction projects. |