Cement News tagged under: corporate
Kaspi Cement opens new 1Mta production line12 February 2019, Published under Cement NewsHeidelbergCement Georgia reports that they have carried out the full modernisation of the Kaspi Cement plant and have opened a new 1Mta production line. Preparatory works for the plant's modernisation project were launched in September 2016, with a US$100m investment in the project. The project was implemented with support from the Georgian Co-Investment Fund and Honeywell Partners. Within the project, a high-standard filtration system and special equipment for continuous emission control ... |
QNCC meets demand after commissioning new plant12 February 2019, Published under Cement NewsQatar National Cement Co (QNCC) has succeeded in meeting demand levels in the country following the company’s 5000tpd Plant 5 entering operation, according to Salem bin Butti al Naimi, chairman and MD. "The company is supporting the massive construction boom in Qatar by meeting 100 percent market demand for all types of cement and washed sand successfully from the company’s own production maintaining the high quality standards, and at a reasonable price for all products," said Mr Naimi in ... |
JK Lakshmi Cement reports 72% profit growth12 February 2019, Published under Cement NewsIndia's JK Lakshmi Cement has recorded a 71.7 per cent increase in standalone net profit to INR147.5m (US$2.07m) for the third quarter ended 31 December, compared with INR85.9m of the year-ago period. Its total income during the 3QFY18-19 was up 11.3 per cent YoY to INR9.487bn from INR8.52bn. The company also reported nine per cent volume growth in the period. However, total expenses rose 10.7 per cent YoY to INR9.29bn from INR8.39bn. "The company has been facing pressure of increased pet... |
ARM and EAPC risk sanctions due to royalty arrears12 February 2019, Published under Cement NewsAthi River Mining (ARM) and East African Portland Cement (EAPC) are risking their operating licence following an audit report of companies in the cement sector that are in royalty arrears with the Kenyan state, according to a report by Agence Ecofin. A taskforce report recommended to the Ministry of Mines that the granting of such licences be tied to the payment of royalties or cement levy. It also wants payment records to be used as one of the licensing conditions. “To enhance royalty or ... |
Orient Cement reports INR137m loss in 3QFY18-1912 February 2019, Published under Cement NewsOrient Cement has reported its financial results for the third quarter of the FY18-19, ended 31 December 2018. Total income rose by 11.9 per cent to INR5.748bn (US$80.7m) in the 3QFY18-19 when compared with INR5.135bn in the year-ago period. When compared with INR5.632bn in the 2QFY17-18, sales rose 2.1 per cent. The India-based cement producer reported a smaller net loss of INR137m in the 3QFY18-19 than in the 2QFY18-19 when the net loss reached INR167.4m. However, YoY losses dropped by... |
HeidelbergCement reportedly considers selling Ukrainian assets11 February 2019, Published under Cement NewsHeidelbergCement is reportedly considering the sale of its assets in Ukraine, according to Interfax-Ukraine. "HeidelbergCement is selling its assets in Ukraine. The deal is to be held in March-April of this year. The buyer will be the Ukrainian investment group Concorde Capital," said a source for the news agency. HeidelbergCement Ukraine owns three plants in the country – Kryvyi Rih, Kamyanske and Amvrosiyivka. As yet, the company has not commented on the alleged sale. |
Fujairah sees stable revenues but profit slip in 201811 February 2019, Published under Cement NewsFujairah Cement Industries reported largely stable revenues in 2018 at AED614.559m (US$167.3m) when compared with AED620.825m in 2017. Net operating profits were down 18 per cent to AED118.384m from AED143.498m from the previous year. For the fourth quarter of 2018, the company saw a three per cent decline in total operating revenues to AED151.893m when compared with the 4Q17 when revenues reached AED156.538m. Net operating profit during the quarter fell by 23 per cent YoY to AED28.518m. |
Holcim Indonesia becomes PT Solusi Bangun Indonesia11 February 2019, Published under Cement NewsHolcim Indonesia has changed its name to PT Solusi Bangun Indonesia (Solution to Build Indonesia) following its takeover by PT Semen Indonesia. An Extraordinary General Meeting of Shareholders (EGM) of PT Holcim Indonesia Tbk, held on 11 February 2019, approved the company name change. In addition, two subsidiaries of PT Holcim Beton and PT Lafarge Cement Indonesia were renamed PT Concrete Building Solutions and PT Solusi Andalas Building, respectively. Semen Indonesia had acquired an 80.... |
FLSmidth acquires IMP Automation Group11 February 2019, Published under Cement NewsFLSmidth has acquired IMP Automation to increase its portfolio of automated laboratory solutions. IMP is the global leader in automated laboratory solutions for the mining industry and has a strong foothold in Australia and South Africa. "In FLSmidth we have found a partner with the right global sales network to take us to the next level. For years, we have combined profound laboratory process knowledge with automation skills and developed novel and innovative solutions. I am very excited ... |
Schenck Process to hold first public demonstration of e-nizing®11 February 2019, Published under Cement NewsSchenck Process will publically demonstrating its new e-nizing.io ® platform from 25- 28 February at the Mobile World Congress in Barcelona, Spain. e-nizing.io ® is a newly-founded daughter company of Schenck Process and provides a solution to visualise, analyse and predict the status of all machines, no matter if they are manufactured by Schenck Process or by other equipment manufacturers. The platform sets limits for data points and enables actions to be triggered when limits are reache... |