Cement News tagged under: corporate
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... |
Profit of Attock Cement falls in 6MFY1922 January 2019, Published under Cement NewsAttock Cement Pakistan Ltd (ACPL) has announced earnings of PKR816.79m (US$5.8m) for the half year ended December 2018, a fall of 29 per cent YoY, as compared to PKR1.152bn earned in the same period last year. Company net sales increased by to PKR10.63bn from PKR7.36bn during this period. Distribution cost of PKR749.39m were incurred against PKR279.18m in the same period last year. The administrative expenses stood at PKR252.11m compared to PKR241.74m incurred in the same period last y... |
MI Cement to set up new 8400tpd line21 January 2019, Published under Cement NewsBangladesh’s MI Cement Factory Ltd has announced that it will set up its sixth cement unit in Muktagachha, Munshiganj, at a cost of BDT6bn (US$71.54m). The new line is expected to have a capacity of 8400tpd and enter commercial operation by 2021. Upon completion, the company’s total capacity will rise 76 per cent to 19,400tpd from 11,000tpd. The decision to expand was taken after the company’s board of directors was encouraged by a growing demand for its cement, according to a company offic... |
Holcim Mexico expects to invest up to US$50m in 201921 January 2019, Published under Cement NewsHolcim Mexico announced its plans to invest US$30-50m in improving its operating efficiency and distribution network of its cement and concrete plants. "We have a network of over a thousand points of sale in Latin America and in Mexico we are also developing that part of a very long-term plan and a plan for Holcim's vision in Latin America," said Rodolfo Montero, CEO of Holcim. Mexico, in the event. "We also want to improve the efficiency of production, we are very concerned about the envi... |
Burnpur Cement reports 61% revenue increase18 January 2019, Published under Cement NewsIndia’s Burnpur Cement has reported a standalone net loss of INR38.6m (US$542,446) during the third quarter of FY18-19 ended 31 December, widening from INR33.4m a year earlier. However, net revenue rose 60.8 per cent YoY to INR235.5m compared with INR146.5m of the 3QFY17-18. Operating profit fell 1.9 per cent to INR10.2m in the quarter, with the operating profit margin contracting 38.8 per cent YoY. Meanwhile, operating expenses surged by 65.4 per cent in the third quarter to INR225.3m fr... |