Cement News tagged under: corporate
Carthage Cement revenues up 37% in 201824 January 2019, Published under Cement NewsCarthage Cement reported a turnover of TND237.2m (US$79.6m) in 2018, an increase of 37 per cent when compared with a turnover of TND173m in 2017. Clinker output rose by 13 per cent YoY in 2018. Revenues from clinker exports reached TND47m in 2018, representing 20 per cent of the Tunisia-based company’s overall sales and more than off-setting the loss of cement exports due to Algerian government restrictions. In addition, the cement producer was also able to shave off three per cent of its... |
Republic Cement to commission two new cement mills in 201924 January 2019, Published under Cement NewsPhilippines-based Republic Cement Services Inc (RCSI) plans to commission two finish mills this year, adding 2Mta to its 7Mta current capacity. The investment is estimated to have cost in the region of US$20m for each finish mill. "This year we will increase our grinding capacity and at the end of this year, we will commission two new finish mills which will somehow give an output of a bit more 50 million bags," said Nabil Francis, president, RCSI. "At the end of this year the total cap... |
Ghacem targets 3Mta cement production in 201924 January 2019, Published under Cement NewsGhacem says it is working to reach a production of 3Mta in 2019. The Ghanian manufacturer expects to distribute 60 million bags of cement this year, up by four million on 2018, according to Morten Gade, Ghacem's managing director. The entrance into the market by two new manufacturers last year changed the market dynamics, resulting in Ghacem’s to alter its marketing strategy. "When the market dynamics change, you have to change too so we changed our marketing efforts, we did things differe... |
Shree Cement records 21% revenue increase23 January 2019, Published under Cement NewsIndia's Shree Cement has announced that its net profit fell 10 per cent YoY in the third quarter of FY18-19 ended 31 December, declining to INR3.01bn (US$42.28m) from INR3.33bn of the year-ago period. However, the company’s revenue advanced 21 per cent to INR27.81bn compared with INR23.02bn of the 3QFY17-18. EBITDA grew 25 per cent YoY to INR7.1bn from INR5.7bn, while the operating margin saw a slight increase to 25.6 per cent from 24.7 per cent of the same quarter last year. Shree Cement... |
Raysut Cement begins operation of new digital solutions23 January 2019, Published under Cement NewsOman’s Raysut Cement Co (RCC) has begun operation of its new SAP ERP suites after five months of implementation. The SAP S/4 HANA and SAP SuccessFactors suites will help boost efficiency at the company. "Digital transformation at RCC is an ongoing agenda and the deployment of the SAP modules is a beginning," said Joey Ghose, CEO. The new SAP S/4HANA will assist the company to increase efficiency levels in business processes, while SAP SuccessFactors is a human capital management tool. "B... |
EAPCC denies reports of potential acquisition22 January 2019, Published under Cement NewsKenya’s East African Portland Cement Co (EAPCC) has denied recent reports that it was in early-stage talks with LafargeHolcim about a potential acquisition. "It has never featured in any board discussions," said the company’s head of financial management, Stephen Nthei, in an interview with Bloomberg. "I don’t think it’s a considerable move given the current shareholding structure." Lafarge currently holds a 41.7 per cent stake in EAPCC. However, the majority shareholders are the Kenyan g... |
Sinoma Energy to supply Athi River plant22 January 2019, Published under Cement NewsChina’s Sinoma Energy Conservation has signed a KES25.5bn (US$251m) deal to power Devki Group’s Athi River cement plant and its Mombasa-based raw steel processor. Sinoma announced in regulatory filings last week that the kiln waste-heat project at the new Athi River plant and the other to power the steel plant in Kilifi will be built over a period of 20 months to produce a combined 53.5MW. |
FLSmidth transports largest-ever WPV gear unit to Bangladesh22 January 2019, Published under Cement NewsFLSmidth MAAG Gear began transporting the largest WPV gear unit ever, with a weight of 215t, from Hamburg harbour towards Bangladesh last week. Due to its substantial weight, a heavy lifting vessel equipped with two cranes of 1500t lifting capacity is delivering the product. The conventional gear unit with design power of 9200kW will drive an OK 71-6 slag mill for a cement plant in Bangladesh. It represents another milestone in the design and manufacturing of gear units for very large vert... |
Captive power plant commissioned for Samawa Cement22 January 2019, Published under Cement NewsSix MAN Energy Solutions 18V32/40 engines have been commissioned at Samawa Cement, Iraq. The power engines will produce 54MW of electrical energy to power the cement plant owned by Kairat Al Abar Iraqi Co (KAAI). MAN Energy Solutions supplied the engines to CGGC-UN Power Co Ltd ( China Gezhouba Group Cooperation) which will operate teh captive power plant. The engines will run on heavy fuel oil (HFO). The overall EPC contract for the cement plant is being carried out by Sinoma (Suzhou)... |
Vicat closes acquisition of Ciplan22 January 2019, Published under Cement NewsVicat Group has announced the closure of its Ciplan acquisition and now holds a 64.7 per cent stake in the company. The deal was structured through a reserved capital increase of EUR295m, with the proceeds used to settle a vast majority of Ciplan’s existing debt, according to a press release. "With this acquisition, Vicat pursues its targeted external growth and geographical diversification strategy, through the incursion into a new emerging market benefitting from strong growth perspe... |