Cement News tagged under: corporate
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Cement has incurred an accumulated loss of over BDT3.63bn (US$43.25m) between FY13-14 and FY17-18 mainly due to its outdated machinery resulting in loss of production capacity.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... |
Udayapur Cement's general manager moves to oil sector09 January 2019, Published under Cement NewsSurendra Prasad Paudel, resigned his post of general manager of Udayapur Cement on Monday to become the head of the government's Nepal Oil Corporation (NOC), the country's sole petroleum supplier. Mr Paudel had become Udayapur Cement's general manager in February 2018 and the state-owned cement factory earned a profit of NPR250m (US$2.2m) in the last fiscal year. Apart from increasing the production volume, he was also credited for clearing almost all of the liabilities that the factory owe... |
Tabuk Cement appoints new general manager09 January 2019, Published under Cement NewsSaudi cement producer Tabuk Cement has appointed a new general manager as of 6 January 2019. Ali Al-Qahtani will succeed Ali Mohmiha Al Asmari, according to a statement to the Tadawul, the Saudi stock exchange. In January-September 2018, the company reported net losses of SAR66.49m, compared with January-September 2017 when net losses reached SAR2.23m. |
Thatta Cement Co director resigns09 January 2019, Published under Cement NewsThatta Cement Co Ltd has informed the Pakistani stock exchange that Shahzad Sabir resigned as Director from the Board of Directors with effect from 7 January 2019. |
VICEM targets further growth in 201908 January 2019, Published under Cement NewsVietnam Cement industry Corp (VICEM) has reported a 10 per cent YoY increase in revenue to VND37trn (US$1.59bn) for 2018. The company also saw an 11 per cent rise in pretax profit to VND2.8trn. VICEM expects to push this even further by reaching a revenue of VND40trn in 2019. According to Bùi Hồng Minh, general director of VICEM, pretax profit is expected to hit VND3.2trn in the year ahead. To achieve these goals, the company will produce and consume 31Mt of coal. It will also invest in ... |
Star Cement announces plant expansion08 January 2019, Published under Cement NewsIndia’s Star Cement has announced a brownfield expansion at its grinding unit in Jalpaiguri district, West Bengal. Already the largest manufacturer in the northeast of the country, this project will expand the plant’s capacity from 1.6Mta to 2Mta. Once the company receives environmental clearance, work on the INR4.43bn (US$63.26m) plans is expected to begin by June 2019. |
Iraqi Cement signs contract for new 6000tpd line07 January 2019, Published under Cement NewsChengdu Design & Research Institute of Building Materials Industry, wholly-owned subsidiary of Sinoma International Engineering, has signed an EPC contract to deliver a clinker production line for Iraqi Cement. The new line will be constructed in Samawah in Iraq's southern Al Muthanna province at an estimated cost of US$246m. The agreement will see the company take charge of mine design, supply of mining equipment and build the complete 6000tpd production line, from crushing raw materials... |
Semen Baturaja records 24% sales increase07 January 2019, Published under Cement NewsIndonesia’s PT Semen Baturaja (SMBR) has recorded a 24 per cent YoY increase in sales to 2.17Mt in 2018, compared to 1.76Mt of the previous year. Jobi Triananda Hasjim, company president, noted that it surpassed the average growth of the country’s industry by five per cent in 2018. "The growth of SMBR sales volume this year is one of the highest in the industry sector," said Mr Hasjim. In December 2018, the company’s cement sales surged 22 per cent to 220,737t compared to the year-ago per... |
Rostsement reports RUB20,000 net profit for 201807 January 2019, Published under Cement NewsRostsement saw its revenues increase by 25.6 per cent to RUB49.79m (US$738,982) in 2017 when compared with 2016, when the company reported revenues of RUB39.63m. The Russia-based cement producer turned a net loss of RUB2.26m in 2016 to a profit of RUB20,000 by the end of 2018, according to Info-RL. Cost of goods sold increased by 18.51 per cent to RUB49.09m from RUB41.42m in 2016. Gross profit reached RUB704,000, a considerable improvement on the previous year’s loss of RUB1.79m. Rostsem... |
New 3Mta line planned for BUA's Kalambaina Cement07 January 2019, Published under Cement NewsNigeria’s BUA Group has signed another contract with CBMI for the construction of a new 3Mta line at Kalambaina Cement in Sokoto State. The announcement comes soon after a merger between Kalambaina Cement and the Cement Company of Northern Nigeria (CCNN) was given approval last month. Furthermore, the project arrives on the back of the completion of BUA’s 3Mta Obu Cement Line 2 around 90 days ago and the commissioning of its 1.5Mta first line at Kalambaina Cement just seven months ago. A... |