Cement News tagged under: corporate
LafargeHolcim appoints new CEO of US Aggregates and Construction Materials business11 February 2019, Published under Cement NewsLafargeHolcim has announced the appointment of Jay Moreau as the new CEO of its US Aggregates and Construction Materials business. Mr Moreau joins the company from Martin Marietta, where he most recently served as senior vice president of Operations Services. "Jay has a proven track record in this industry, and his expertise and strong focus on commercial growth and operational excellence will be valued contributions to LafargeHolcim in the US," said René Thibault, group executive committe... |
Vecoplan opens branch in Poland08 February 2019, Published under Cement NewsTo provide its Polish customers with even better customer care, Vecoplan, which specialises in machines and plants that crush, convey and process primary and secondary raw materials in the production and recycling cycle, has opened a branch in Warsaw, Poland. The Vecoplan Polska sp z o o team includes Maciej Kamola, who is responsible for the destruction of paper, documents and data, in-house recycling and post-consumer plastic. Ireneusz Suszyna manages Vecoplan’s domestic and commercial... |
Cemex profits benefit from a lower minorities charge08 February 2019, Published under Cement NewsCemex' turnover improved by 1.7 per cent in 2018 to US$148,374.6m, while EBITDA eased by 0.6 per cent to US$1557.9m and trading profit fell by 6.9 per cent to US$1420.9m. However, the net interest charge dropped by 37.8 per cent to US$635.6m, as borrowings were reduced, giving a pretax profit 11 per cent higher at US$805.3m. The tax charge was 7.4 per cent after the previous year’s exceptionally charge. Minorities fell by 54.6 per cent, giving a net attributable profit 32.6 per cent lower at... |
Dalmia Cement plans new 2.5Mta project08 February 2019, Published under Cement NewsIndia’s Dalmia Cement (Bharat) has announced plans to set up a new facility at Jamuna village in Satna district of Madhya Pradesh. The project is worth an estimated INR18.75bn (US$263.16m), and is expected to produce 3Mta of clinker and 2.5Mta of cement. The plans also include the construction of a 15MW WHR plant alongside the main unit. While the company is waiting environmental clearance, work is expected to commence by September 2019. |
Cemex Latam net sales fall 7% in 4Q1808 February 2019, Published under Cement NewsCemex LatAm Holdings (CLH) announced consolidated net sales of US$260m in 4Q18, a fall of seven per cent on the US$278m achieved in 4Q17. Operating EBITDA reached US$39m during 4Q18, down 24 per cent YoY. Consolidated cement volumes for the 4Q18 amounted to 1,679,000t, no change from 4Q17. Consolidated grey cement volumes registered 1,489,000t in 4Q18, marginally up from 1,485,000t in 4Q17. Ready-mix volumes declined in 4Q18 to 659,000m 3 , down seven per cent from 712,000m 3 in 4Q17. ... |
Udayapur Cement faces power issues08 February 2019, Published under Cement NewsNepal’s Udayapur Cement Industries Ltd (UCIL) is currently facing a crisis regarding consistent power outages, with as many as six reported in a single day. On 31 January the company reported that it produced 104t of clinker compared to its 800tpd capacity. The power cuts have also resulted in damage to the gears of the cement packing equipment, as a result operations came to a halt for six days between 12-19 January. "On a daily basis, there can be anywhere between one to six power cuts... |
Buzzi Unicem's cement volumes rise 4.3% in FY1808 February 2019, Published under Cement NewsBuzzi Unicem's financial year 2018 results saw cement volumes at 27.9Mt, up 4.3 per cent from 26.8Mt in FY17. Ready-mix concrete volumes reached 11.8Mm 3 , down 3.6 per cent from 12.3Mm 3 in FY17. Consolidated net sales equalled EUR2873m (EUR2806m in 2017), up 2.4 per cent and up 3.2 per cent like-for-like. Group net debt at the end of 2018 amounts to EUR891m, up EUR28m compared to EUR863m at the end of 2017. Italy Buzzi Unicem's sales of hydraulic binders and clinker were up 13.3 ... |
SCG Cambodia's revenues rise 15% on strong construction actvity07 February 2019, Published under Cement NewsSCG Cambodia, a subsidiary of the Siam Cement Group, yesterday announced that revenue from sales in 2018 grew by 15 per cent, rising to US$396m. Revenue from sales in 4Q18 reached US$96m, SCG Cambodia said. Cambodia Constructors Association General Manager, Chiv Sivpheng, said demand for construction materials has been rising annually as the kingdom's construction industry grows. With increasing population and urbanisation, Mr Sivpheng said the construction industry is expected to continue ... |
Huaxin Cement announces new Uzbekistan project07 February 2019, Published under Cement NewsHuaxin Cement has announced that it will construct a new cement plant in Uzbekistan, with government approval already received. The company has set up a new venture, Huaxin Cement Jizzakh, for the implementation of the 1.2Mta facility. The plans will see the plant built in Zafarobod, Jizzakh, at an investment cost of US$150m, with the company expecting to spend US$78m to purchase equipment. Commissioning is expected in December 2019, while plans for the first stage of production include ex... |
Caisse de Dépôt et Placement to keep stake in McInnis07 February 2019, Published under Cement NewsCaisse de Dépôt et Placement no longer intends to sell its interest in Ciment McInnis’ cement plant in Port-Daniel, Gaspésie, Canada. "We are convinced of the potential of this company. We are comfortable with this investment. We have work to do, but it's true for all our investments, "said Caisse CEO, Michael Sabia. The Caisse commissioned a consulting firm last year to study several scenarios, including the sale of the CAD1.5bn (US$1.17bn) cement plant. |