Cement News tagged under: corporate
Fauji Cement Company appoints directors13 December 2018, Published under Cement NewsFauji Cement Company Ltd (FCCL) has informed Pakistan Stock Exchange (PSX) that it has appointed a new Chairman, Chief Executive Officer/Managing Director and Directors during 10th Extra Ordinary General Meeting on 29th November 2018. The new board now consists of the following directors with effect from 13 December 2018. Lt Gen Syed Tariq Nadeem Gilani, HI(M), (Retd) Chairman Lt Gen Muhammad Ahsan Mahmood, HI(M), (Retd) CEO/MD Dr Nadeem Inayat Non Executive Director Maj Gen Tahi... |
ACC announces INR30bn expansion plans12 December 2018, Published under Cement NewsThe board of India's ACC has approved a proposal for setting up an integrated greenfield project at Ametha, Madhya Pradesh, with a clinker capacity of 3Mta and cement of 1Mta. The plans also include the "expansion of the existing grinding unit in Tikaria, Uttar Pradesh and a third grinding unit also in Uttar Pradesh," said the company in a press release. The board has also approved a further 1.1Mta grinding project at its existing plant in Sindri. Meanwhile, the company will fund the expan... |
Caribbean Cement secures loan to pay US$ debt12 December 2018, Published under Cement NewsJamaica's Caribbean Cement Co Ltd and its mining subsidiary have secured a five-year JMD3bn (US$23.53m) loan from National Commercial Bank Jamaica to pay back a US dollar debt. The amount will be repaid in Jamaican dollars at a rate of 7.45 per cent per annum. The company also has stated that some of the funds will be used for general corporate purposes, according to The Gleaner. Its mining subsidiary, Jamaica Gypsum and Quarries Ltd, a borrowing partner of the loan, is also about to expan... |
Fives FCB opens sales office in USA12 December 2018, Published under Cement NewsFives strengthens its global presence as it opens a new Cement and Minerals sales office in the USA. Through this new office, the company will improve the ways in which it addresses the requirements of the US market, and promote FCB technologies and services for the cement and minerals industries in terms of equipment, systems, revamping and complete line projects. |
Graeme Bride appointed as plant manager of Tarmac's Aberthaw facility12 December 2018, Published under Cement NewsUK-based Tarmac has appointed a new plant manager, Graeme Bride, at its facility in Aberthaw, south Wales. Mr Bride has 19 years of cement plant management experience from time spent in Nigeria and the Philippines. In his most recent role he was health and safety director at Lafarge Africa. "I am looking forward to working across departments to ensure we continue to drive performance to meet market challenges whilst enhancing our activity within the local community, " said Mr Bride. Gr... |
Bamburi Cement forecasts profit drop of 25% in 201811 December 2018, Published under Cement NewsBamburi Cement (LafargeHolcim group) has given a profit warning of earnings likely to drop by 25 per cent in 2018 following difficult market conditions and escalating international energy prices in Kenya and Uganda. "The company wishes to inform the shareholders and potential investors that, based on the preliminary assessment of the unaudited consolidated management accounts, the 2018 full-year earnings of the Group are expected to decrease by more than 25 per cent, compared with the year ... |
JSW Cement to look at inorganic growth11 December 2018, Published under Cement NewsIndia's JSW Cement has announced that it will be looking at inorganic expansion to reach its target of increasing capacity to 20Mta by 2020. The ongoing bad-loan resolution process has opened up opportunities to acquire cement assets in India. The company views the assets of debt-laden companies to have a strong potential to grow, while enabling swift scaling and optimisation of these capacities, according to a statement. "The company views the improving economic growth scenario, continu... |
Oman Cement's Board gives go ahead for Duqum plant07 December 2018, Published under Cement NewsOman Cement company has informed Muscat Securities Market on 6 December that its Board of Directors has agreed to go ahead with setting up of a new integrated cement plant in Duqum area, in central-eastern Oman. According to company notification, the plant will have a clinker capacity of 5000tpd and envisages an investment of about US$212m. The project implementation process is being finalised by company and shareholders will be kept informed of the progress of the project in due course.... |
Mahendra Singhi appointed as president of CMA07 December 2018, Published under Cement NewsCEO of Dalmia Cement (Bharat), Mahendra Singhi, has been appointed as the new president of India’s Cement Manufacturers Association (CMA). Mr Singhi will take over the position from the outgoing Shailendra Chouksey. "India is on the cusp of great growth and infrastructure development. The Indian cement industry is at a significant moment of its history and I look forward to leading the association towards a sustainable global future," said Mr Singhi. |
Bamburi Cement issues profit warning for 201807 December 2018, Published under Cement NewsKenya’s Bamburi Cement has issued a profit warning for the financial year ended December 2018, with investors expecting the company's lowest earnings in 10 years, according to Business Daily. "The Board of Directors (the "Board") of the Company wishes to inform the shareholders of the Company and potential investors that, based on the preliminary assessment on the unaudited consolidated management accounts, the 2018 full year earnings of the Group are expected to decrease by more than 25 ... |