Cement News tagged under: corporate
Confidence Cement re-elects managing director31 December 2018, Published under Cement NewsBangladesh’s Confidence Cement Ltd announced a 35 per cent dividend (15 per cent cash and 20 per cent bonus) for its shareholders for the year ended 30 June, 2018 . Furthermore , Zahir Uddin Ahmed was re-elected as managing director of the company for a period of three years with effect from 1 February 2018. Rupam Kishor Barua and Salman Karim, directors who retire by rotation, were also re-elected. |
Emami Group to demerge solar power assets from Emami Cement27 December 2018, Published under Cement NewsThe Emami Group (India) is demerging its solar power assets from Emami Cement, consolidating the renewable energy assets under Emami Power, which controls 300MW aggregate capacity. The demerger of the solar power business of the cement company comprises a 10MW plant located at Gujarat Solar Park in Patan and a 3MW plant located at Perunali in Tamil Nadu. Emami Cement will now concentrate solely on its core business. |
Fancesa lowers prices for Christmas21 December 2018, Published under Cement NewsFancesa’s 2018 Christmas campaign has seen the company lower its cement prices to BOB42/bag (US$6.07/bag) from BOB46 in Sucre, Bolivia. The company expects to meet its target of 90,200t of monthly cement sales in December, after record sales in November 2018 helped the company exceed its target by five per cent. |
Siberian Cement invests to develop units in 201920 December 2018, Published under Cement NewsRussia’s Siberian Cement has announced plans to invest RUB4.52bn (US$67.86m) to develop its production units in 2019. The funds, double the amount allocated in 2018, will be used for environmental measures, production renovation, automation of the process control system, technical renovation and logistics development, according to Kommersant-Sibir. The company’s Krasnoyarsk facility will see an RUB311m investment to construct a single 130m chimney for its kilns. The project is expected to b... |
Emami Group to demerge solar assets from cement company20 December 2018, Published under Cement NewsIndia’s Emami Group has received National Company Law Tribunal (NCLT) approval to demerge its solar power assets from its cement company. The assets will be consolidated under Emami Power, which will allow Emami Cement to focus solely on its core business. "Proposed demerger is being undertaken with a view to consolidate the power production business in Emami Power while allowing our company to focus on its cement manufacturing operations," stated Emami Cement in July, before approval was r... |
CCNN reports 43% revenue increase for 9M1819 December 2018, Published under Cement NewsNigeria’s CCNN has reported a 43.2 per cent YoY increase in revenue for the nine months ended 30 September 2018, rising to NGN19.57bn (US$53.9m) from NGN13.63bn in the year-ago period. Profit after tax rose 97 per cent to NGN4.01bn from NGN2.04bn. In the 3Q18 revenue advanced 46.3 per cent to NGN7.49bn, compared with NGN5.12bn seen in the 3Q17. Post-tax profit was up 39.7 per cent YoY at NGN1.41bn from NGN1.01bn. |
FANCESA finishes silo base at Cal’Orck’o plant19 December 2018, Published under Cement NewsBolivia’s FANCESA reported it finished constructing the base of the clinker silo at its new cement plant in Cal Orck’o. The base is 45m in diameter and 2m thick and will serve as the foundation of a 35m-high structure. The construction was carried out by the cement plant’s staff and Concretec and required 70h of labour. |
LafargeHolcim advances Legal and HR to Executive Committee19 December 2018, Published under Cement NewsLafargeHolcim has promoted its Legal and Human Resources (HR) functions to its Executive Committee to strengthen its agile management focus, while its Corporate Growth and Performance function will be organised into three centres of excellence. As a result of the changes, Feliciano González Muñoz, who leads HR, and Keith Carr, who heads up Legal and Compliance are appointed as members of the executive committee. Urs Bleisch will support the transition of Corporate Growth and Excellence a... |
Cementos Melón to invest in new capacity18 December 2018, Published under Cement NewsChile-based Cementos Melón has announced that it will open a new cement facility in Punta Arenas in the first half of 2020. The first stage of construction will see an investment of US$30m, with an expected capacity of 0.5Mta. "To date, Cementos Melon has customers to whom it supplies bagged cement, distributed by sea from its other plants in the country. Here in the area [Magellanes] we have 10 clients and we hope that being here with our new plant we will add hundreds," said Jorge Eugen... |
Eurocement to begin producing white cement18 December 2018, Published under Cement NewsRussia's Eurocement Group has announced plans to launch white cement production at its Zhigulyovsk Building Materials plant in Samara Region. "Today, the demand for white cements in Russia is largely satisfied with shipments from abroad. The launch of production at our enterprise is an important step in import substitution. The plant in the Samara region will produce about 300,000tpa of white cement, which will allow consumers to reduce costs. At the same time, customers will get cement w... |