Cement News tagged under: corporate
Raysut Cement records 27% revenue increase in 201814 January 2019, Published under Cement NewsOman’s Raysut Cement Co has announced its unaudited consolidated results for 2018, recording a 26.6 per cent YoY rise in revenue to OMR90.98m (US$236.6m) from OMR71.9m last year. However, the company noted a 28.5 per cent fall in profit after tax to OMR4.16m, compared with OMR5.81m of the year-ago period. |
Ghielmimport appoints new sales and marketing director14 January 2019, Published under Cement NewsSwiss building materials specialists, Ghielmimport, active in the Ticino Canton in particular, has appointed a new sales and marketing director, Paolo Maggi. The appointment of Mr Maggi is part of the company's growth strategy, according to a company press release. Paolo Maggi, a graduate in aeronautical engineering has gained experience since 1990 in strategic positions of general management in the field of cement, concrete and construction machinery, in Italy, USA, Germany and The Neth... |
Steppe Cement sees revenue up 32% in 201811 January 2019, Published under Cement NewsSteppe Cement Ltd reported 2018 revenue of KZT28.34bn (US$75.4m), up 32 per cent YoY. The Kazakhstan cement producer had cement volumes of 1.7Mt, a rise of six per cent while the average cement price rose by 25 per cent YoY to KZT16,480/t. Steppe Cement's market share increased to 17.5 per cent, while the company's exports rose by 50 per cent to 146,000t. Despite this positive set of results, cement consumption in Kazakhstan fell by four per cent to 8.8Mt last year. |
Plibrico forms new European distribution partnership11 January 2019, Published under Cement NewsRefractory supplier Plibrico Co has entered a new distribution partnership with the Pli Group Europe GmbH, a Vienna-based refractory distributor. Under the new alliance, Pli Group Europe GmbH will provide full-service distribution of Plibrico's Plio ® brand refractories in Austria, France, Germany, Switzerland, Italy, Hungary, Czech Republic, Slovakia, Slovenia, Croatia, Serbia and Bulgaria. |
Lafarge Zimbabwe appoints new CEO11 January 2019, Published under Cement NewsLafarge Zimbabwe has appointed a new CEO to lead the company as it fights to maintain its market share following a rise in imports and increasing competition from domestic rivals. Kaziwe Siame Kaulule will replace Amal Naiel, who left Lafarge Zimbabwe “to pursue other personal interests” after being in charge of the company for five years. Mr Kaulule, who is from Zambia, joins Lafarge Zimbabwe from Lafarge Holcim in the UK, where he was general manager for retail and has previously serve... |
Nassef Sawiris reduces stake in LafargeHolcim10 January 2019, Published under Cement NewsOne of LafargeHolcim’s biggest shareholders, Nassef Sawiris, reduced his stake in the company by nearly 1.6m shares in December 2018. The shares had a value of over CHF66m (US$67.5m), according to a report by Handelszeitung. Mr Sawiris now holds just under 21m shares in the company, representing just over three per cent. He was once the third-largest shareholder behind Thomas Schmidheiny and Belgium’s Groupe Bruxelles Lambert (GBL). |
BBMG to sell 7 cement companies to Jidong Cement10 January 2019, Published under Cement NewsBBMG Corp has announced that it will sell the entire equity interests in seven cement companies to China’s Jidong Cement for a total consideration of CNY1.54bn (US$227.06m). BBMG and Jidong have also agreed to contribute CNY1bn to the registered capital of their joint venture, BBMG Jidong Cement (Tangshan) Co Ltd. According to a statement, the agreements are to resolve issues of competition between the two companies. |
FLSmidth sells bulk material handling business10 January 2019, Published under Cement NewsFLSmidth has reached an agreement to sell its bulk material handling business to Rainbow Heavy Machineries. The transaction has been structured as a sale of certain assets. As a result of the transaction, FLSmidth will exit the non-mining bulk material handling business. The main part of FLSmidth's non-mining related bulk material handling business is delivered out of Wadgassen GmbH in Germany. The non-mining bulk handling business has been for sale ... |
FLSmidth wins equipment order in Paraguay09 January 2019, Published under Cement NewsFLSmidth has won a contract worth over DKK350m (US$53.59m) to deliver equipment for a greenfield cement plant in Paraguay. The facility will have a capacity of 2500tpd and mainly supply cement to its local market. The contract involves designing and engineering the production line, alongside the delivery of energy-efficient equipment for the entire line, from crushing to packing. Meanwhile, the customer will be in charge of the civil design and construction of the project. Plant start-up i... |
Chhatak Cement plans modernisation project09 January 2019, Published under Cement NewsBangladesh's Chhatak Cement Co Ltd has announced plans to modernise its facility and convert it from wet process to dry process. The company has begun to prepare a development project proposal, with a schedule to implement the upgrades by 2021. According to company officials, Chhatak Cement has incurred an accumulated loss of over BDT3.63bn (US$43.25m) between FY13-14 and FY17-18 mainly due to its outdated machinery resulting in loss of production capacity. The plant is currently operating... |