Cement News tagged under: corporate
Expansion plans of Fauji Cement are underway12 November 2018, Published under Cement NewsFauji Cement Company Limited (FCCL) has informed Pakistan Stock Exchange (PSX) that the 10th Extraordinary General Meeting (EOGM) of FCCL will be held in Islamabad on 29 November 2018 to obtain approval for a greenfield project, elect company directors for a period of three years from 13 December 2018 to 12 December 2021and other business. According to annual report for the year 2018, the company is planning to establish an additional plant and necessary preparation in this regard are u... |
India Cements reports 94% YoY drop in net profit12 November 2018, Published under Cement NewsIndia Cements posted a net profit of INR14.3m for the 2QFY18-19, ended 30 September 2018. This represents a 94 per cent fall when compared with a net profit of INR23.67m in the same quarter of the previous year. However, total income rose by 9.1 per cent at INR13.908bn in the second quarter of the 2018-19 financial year. In 2QFY17-18, total income reached INR12.749bn. |
Jagdamba Cement accelerates cement expansion12 November 2018, Published under Cement NewsNepal's cement industry has stepped up construction of its new production units with Jagdamba Cement planning to build on its current market share as it expands its production capacity. In addition to its existing cement plant in Lumbini corridor, Jagdamba Cement is setting up a further unit in the eastern part of Bhairahawa, representing an investment of NPR3bn (US$42.6m). The new plant will produce 1500tpd of cement, according to the company. Around 400 new jobs will also be created. "I... |
ASEC extends O&M contract at Al-Minya Cement to 202112 November 2018, Published under Cement NewsASEC, the leading cement operator in Africa and the Middle East, announced today the renewal of its technical management agreement with Al-Minya Cement Company for a new term until 2021. The state of-the-art plant, located in Upper Egypt, has an installed clinker capacity of 1.95Mta. Since the commencement of operation in 2013, ASEC has been entrusted with the full technical management of the plant including plant management, operation, maintenance and optimisation. It is worth noting that ... |
Cementir benefits from the consolidation of US activities09 November 2018, Published under Cement NewsCementir's turnover for the first nine months of 2018 rose by 4.8 per cent to a restated EUR893.18m thanks to the full consolidation of Lehigh White Cement from the second quarter of this year and a higher Asia-Pacific turnover, but the eastern Mediterranean contribution was lower. EBITDA improved by 5.2 per cent to EUR163m and the trading was ahead by 6.2 per cent to EUR106.4m. After a net financial profit of EUR32.4m compared with a charge of EUR10.8m, the pretax profit jumped by 107.5 per... |
Aliko Dangote has targeted Kenyan producer believed to be ARM09 November 2018, Published under Cement NewsDangote Cement is understood to be in talks to buy the troubled Kenyan cement maker ARM. This follows an interview of Aliko Dangote by Bloomberg News in which he said: "There is a company which... has operations in Tanzania, Kenya and Rwanda and we are talking to the company to see if we can take it over," said Mr Dangote. ARM was not named in the discussion, but it is the only cement producer operating in the three markets that were mentioned. ARM has integrated cement plants in Kalol... |
Loma Negra reports 47% 3Q revenue growth09 November 2018, Published under Cement NewsArgentina-based Loma Negra has posted a net revenue of ARS6.131m (US$192m), up 47.2 per cent YoY in the third quarter of 2018. The company has attributed the increase to growth in its cement, masonry and lime business in Paraguay and its concrete operations in Argentina. In Argentina the company’s cement, masonry and lime reported a 41.5 per cent increase in net revenues due to a favourable pricing environment. In terms of consolidated adjusted EBITDA, gains of 69 per cent were made YoY ... |
Taiwan Cement Corp sees 40% revenue hike in October09 November 2018, Published under Cement NewsTaiwan Cement Corp reported a 40.1 per cent surge in revenues in October to TWD11.753bn (US$381.9m) from TWD8.388bn in October 2017. Revenues advanced by 31.1 per cent to TWD101.411bn in the first 10 months of 2018 when compared with January-October 2017 revenues of TWD77.339bn. |
Lucky Cement sees 16% YoY rise in October revenues09 November 2018, Published under Cement NewsTaiwan-based Lucky Cement posted a 15.6 per cent YoY increase in revenues to TWD300.24m (US$9.6m) in October 2018 from TWD259.826m in the year-ago period. Revenues fell by 3.2 per cent to TWD2.761bn between January-October 2018 from TWD2.853bn in 10M17. |
BUA Cement announces completion Okpella plant09 November 2018, Published under Cement NewsBUA Cement has announced the completion of its new 3Mta cement plant in Okpella, Edo state, Nigeria. Its output is expected to be delivered to the southern and southeastern Nigerian markets, enabling the company to gain a stronger foothold in these areas. The Okpella facility will be able to be fuelled with gas and heavy oils. The company is expected to announce a date for the formal inauguration of the works, of which the completion comes less than six months after the inauguration of ... |