Cement News tagged under: corporate
NCL Industries reports 13% growth in output in 3QFY18-1907 January 2019, Published under Cement NewsIndia-based NCL Industries has reported a 13 per cent YoY increase in cement production to 552,000t in the third quarter of FY18-19, up from 490,000t in the year-ago period. Cement deliveries advanced by 18 per cent to 555,000t in the 3QFY18-19 from 471,000t in the 3QFY17-18, according to Accord Fintech. In addition, the company’s cement boards production and dispatches increased by three and four per cent, respectively to 17,631t and 16,713t, respectively during the 3QFY18-19. |
Sanghi Industries signs MoU for plant expansion04 January 2019, Published under Cement NewsIndia’s Sanghi Industries Ltd has announced plans to expand its existing cement plant in Sanghipuram, Kutch, to 8.6Mta from 4Mta. The project is expected to be completed at an investment of INR15bn (US$214.78m) and generate employment for around 350 people. The company's Chairman and Managing Director, Ravi Sanghi, has signed a Memorandum of Understanding with the Principal Secretary of Industries and Mines, M K Das, to advance the project. The project is likely to commence by 2020, accor... |
Malbaza Ciment begins operation of new plant04 January 2019, Published under Cement NewsNiger's Malbaza Ciment Co has begun operation at its new 0.65Mta plant, which produced its first tonne of cement on 28 December 2018. "The Ministry of Industry is pleased to inform the nation that Malbaza Ciment Campany (MCC SA), formerly SNC Nigerien cement company, has started operation of its new cement plant, thus becoming the first private industrial complex in Niger," said Malam Zaneidou Amirou, the country’s minister for industry. Malbaza Ciment is expected to supply 80 per cent o... |
Lafarge Cement UK adds Rapid Cement to its product range04 January 2019, Published under Cement NewsLafarge Cement UK (Aggregate Industries group part of LafargeHolcim) has introduced Rapid Cement to its packaged range of cements. The Portland cement product contains calcium aluminate for rapid hardening to enable fast-setting and low shrinkage which is ideal for screeds and renders for wall and floor surface preparation, prior to installing tiles. The product is suitable for dry and wet installations, including swimming pools, and has a setting time of one hour. It is available in 25kg b... |
Kiln break in McInnis Cement adds 1-2 weeks to production stop03 January 2019, Published under Cement NewsReports of a major kiln break at McInnis Cement’s Port-Daniel plant have indicated that the plant will see a production stop of 6-7 weeks. However, the company has said that a production stop for maintenance purposes was already scheduled and the break adds only 1-2 weeks to the initial plan. The break occurred on Thursday but the company has refused to confirm the exact nature of the damaged and the expected cost of repairs remains unknown. "It adds one to two weeks to our already planned... |
Ghori Cement is back in government control03 January 2019, Published under Cement NewsAfghanistan's government has taken back control of the Ghori Cement Factory. The Afghan Investment Co that was running the plant was held in violation of the law and decisions of the high economic council and the Ministry of Mines and Petroleum (MOMP) has ordered the company to hand over the plant. MOMP said the plant has the capacity to produce only 420t of cement and that the private company also violated its commitment to invest on a third plant. Afghan Investment Co officials have sai... |
Holcim Philippines amends its Articles of Incorporation03 January 2019, Published under Cement NewsThe Securities and Exchange Commission has given Holcim Philippines Inc (LafargeHolcim group) approval to amend its Articles of Incorporation to provide technical support for ready-mix cement plants. "The amendment will enable Holcim Philippines to provide technical support to ready-mix (RMX) plants and contractors on various quality control, optimisation, solutions development and skills upgrade," said Holcim Philippines. The change in the company's secondary purpose will not effect its c... |
New Chairman and Vice Chairman appointments at Saudi Cement02 January 2019, Published under Cement NewsSaudi Cement's Board of Directors have appointed Khalid bin Abdulrahman Saleh Al-Rajhi as a Chairman of the board and Muhammad bin Abdul Karim Al-Khariji as a Vice Chairman in a bourse filing. |
Bidders for ARM urged to formalise bids by end of January02 January 2019, Published under Cement NewsARM Cement's administrators, PriceWaterhouse Coopers have completed a transaction timetable that will see bidders need to make their bids for the stricken Kenyan Cement producer by the end of January 2019. ARM Cement is reported to be KES10.2bn (US$100.1m) in debt, said Business Daily. ARM's creditors will review the terms of the best offer, negotiate with the investor and complete the transaction. |
CRH completes third phase of share buyback31 December 2018, Published under Cement NewsCRH has completed the third phase of its share buyback programme . Between 27 November and 21 December 2018, 4.1m ordinary shares were repurchased on the London Stock Exchange, bringing total cash returned to shareholders under the ongoing EUR1bn share buyback programme to EUR800m. The company also announced that it has entered into arrangements with UBS AG, London Branch (“UBS”) to repurchase ordinary shares on CRH’s behalf for a maximum consideration of EUR... |