Cement News tagged under: corporate
Hima Cement looks at expansion in Rwanda29 January 2019, Published under Cement NewsHima Cement (LafargeHolcim) of Uganda is considering expanding its presence in Rwanda with a sister plant, says Jumoke Adegunle, the company's general manager. The company currently has offices in the Nyacyonga-Jabana sector, Gasabo district, where it also has a warehouse and a ready-mix plant. "Hima cement has been in Rwanda for about 20 years now supplying cement and in the last two years we came into Rwanda more strongly to be a corporate citizens. We pay taxes and we are here in Rwand... |
KJS Cement’s expansion aims for June 2019 completion29 January 2019, Published under Cement NewsIndia-based KJS Cement is implementing an expansion of its clinker and cement capacity located at Amilia Lakhwar village, Satna district, Madhya Pradesh. The plant’s clinker capacity will be lifted from 1.5Mta to 2.2Mta while cement capacity will increase from 2.25Mta to 3.55Mta. The cement plant produces ordinary and pozzolana Portland cements via dry-process technology and the capacity increase will include a 170tph grinding mill and a railway siding to improve logistics. The additional ... |
Qassim Cement reports 52% decline in net profit29 January 2019, Published under Cement NewsSaudi Arabia’s Qassim Cement Co has reported a 52 per cent fall in net profit to SAR120.8m (US$32.21m) in 2018, compared to SAR251.8m of the previous year. Sales for the year also declined 32 per cent YoY to SAR425.7m from SAR625.9m. The net profit results have been attributed to a decrease in sales volume and value, driven by a lower demand of cement and intense competition, according to Reuters. |
LafargeHolcim could seek up to US$2.5bn for its Philippines business28 January 2019, Published under Cement NewsShares of Holcim Philippines have been rising steeply as LafargeHolcim is believed to be considering the sale of its Philippines business unit to further reduce group debt. LafargeHolcim is undergoing a strategic review of its southeast Asian operations following the sale of its Indonesian business. The company could seek a value of US$2.5bn for the assets it holds in the Philippines, according to Bloomberg. LafargeHolcim's CEO, Jan Jenisch, said in May that the company’s southeast Asia bu... |
Akmenes Cementas records 18.9% surge in revenue28 January 2019, Published under Cement NewsLithuania’s Akmenes Cementas saw an 18.9 per cent rise in revenue to EUR67.3m in 2018, compared to EUR56.6m in the previous year. The volume of cement sales also increased 12 per cent YoY to 1.167Mt from 1.041Mt. "The rise in revenue came from the volumes of cement sold. Of course, the prices grew, and our costs also increased. We have a number of challenges, including energy, fuel, and also wages will affect our final result," stated Arturas Zaremba, director general, in an interview wit... |
Cherat Cement Company completes third line28 January 2019, Published under Cement NewsCherat Cement Company Ltd (CCCL) informed Pakistan Stock exchange (PSX) earlier this week that it has successfully installed and commissioned the third production line, which has a cement capacity of 6700tpd of clinker, along with a waste heat recovery plant at its existing location in Nowshera, Khyber Pakhtunkhwa Province. During the period, the company also installed Wärtsilä dual-fuel engines, in anticipation of the availability of gas. Currently a gas pipeline is being laid a... |
Cemento Polpaico reports CLP2.1bn loss in 201828 January 2019, Published under Cement NewsChilean cement producer Cemento Polpaico, in which the Hurtado Vicuña family holds the controlling stake, has reported net losses of CLP2.139bn (US$3.2m) in 2018, exacerbating net losses of CLP1.043bn m noted the previous year. The company revenues increased 23.1 per cent YoY to CLP166.549bn in 2018 from CLP135.326bn in 2017. However, while gross profits increased 29.9 per cent to CLP55.23bn, “Other profits/losses” noted a loss of CLP9.869bn. In addition, the company also faced relatively h... |
Tanzanian mega cement plant construction to begin soon25 January 2019, Published under Cement NewsThe Tanzania Investment Centre (TIC) confirmed that it has supplied Sinoma and Hengya Cement (T) Ltd with the requisite incentives to begin construction of the company's US$1bn greenfield cement plant in Tanga region. Geoffrey Mwambe, TIC executive director said the licence has a three-year period during which implementation must start. The new plant will have a capacity of 7Mta and a power plant to generate 1200MW of energy. "The firm is meant to meet the country's cement demand as well ... |
UltraTech increases net profits to INR92.6m in 3QFY1925 January 2019, Published under Cement NewsUltraTech reported net sales of INR92,580m (US$1.299bn) in 3QFY19 up 19 per cent from INR77,790m in 3QFY19. Profits before interest, depreciation and tax was INR15,480m, up from INR14,940m in the corresponding period a year earlier. The company saw domestic sales volume rise by 15 per cent over 3QFY18, but higher fuel and energy costs, along with rupee depreciation resulted in costs increasing by 11 per cent on 3QFY18. UltraTech has fully integrated the 21.2Mta cement capacity acquired i... |
Qatar National Cement profits rise 6% in 201825 January 2019, Published under Cement NewsIn a filing to the Qatar Stock Exchange, Qatar National Cement reported a 53.4 per cent YoY increase in fourth-quarter profits to QAR129.03m (US$35.4m) and a 6.4 per cent YoY rise to QAR347.83m for the full year of 2018. The company saw profits fall to QAR218.8m in 3Q18 from QAR242.8m in 3Q2017. |