Cement News tagged under: corporate
IMIDRO chairman resigns12 October 2018, Published under Cement NewsMehdi Karbasian, the chairman of the Iran Mines and Mining Industries Development and Renovation Organisation (IMIDRO), has resigned. Fars news agency reported that Kabasian resigned his post after new legislation on retired employees was ratified by the country. Ardeshir Sa'ad Mohammadi, deputy of IMIDRO, becomes the temporary new chairman of the organisation. IMIDRO operates eight major companies and 55 subsidiaries with activities in cement, steel and minerals. |
Lucky Cement re-appoints top directors12 October 2018, Published under Cement NewsIrfan Chawala, CFO of Lucky Cement, has informed Pakistan's Stock Exchange of the re-appointment of top executives of the company. The Board of Directors has re-appointed Muhammad Yunus Tabba as the Chairman of the Board of Directors for another term of three years, while Muhammad Ali Tabba is also re-appointed, as CEO for three years. Other company directors are Muhammad Sohail Tabba, Jawed Yunus Tabba and Mariam Tabba Khan, which have been appointed as non-executive directors as well a... |
Cementos Bío Bío sells Peruvian subsidiary11 October 2018, Published under Cement NewsChile’s Cementos Bío Bío has sold its Peruvian subsidiary, Cementos Portland, in a transaction valued close to US$14m, according to La Tercera. The departure means that it will no longer be participating in a project with Brazil’s Votorantim Cimentos to construct a plant in Lima, which has reportedly faced a number of difficulties concerning market rivals. A further two projects that the company had planned in Peru, one concerning cement and the other lime, will remain unfulfilled after th... |
Tamil Nadu Cements completes construction of new plant11 October 2018, Published under Cement NewsIndia’s Tamil Nadu Cements Corp Ltd has completed the erection of a 1Mta plant in Ariyalur, with 95 per cent of the total work now completed. The new facility represents an investment of INR7.5bn (US$101m) and will be the company’s second plant in the region. "The new plant will be a game changer on various aspects. The fully-automated plant is designed to produce 1Mt of cement a year. It will start commercial production in January or February," said Mr Balasubramaniam, managing director ... |
Dangote to push ahead with London IPO10 October 2018, Published under Cement NewsDangote Cement Chairman and CEO, Aliko Dangote, says Bank of America Merrill Lynch and Standard Chartered Bank could be among the banks to organise Dangote Cement’s London public listing in 2019. Speaking at the Financial Times Africa summit, Dangote added the listing would go ahead in 2019 after the Nigerian elections, but he could not provide a date. Edwin Devakumar, group executive director at Dangote Industries Ltd, said in an interview in Lagos earlier this year: “We are working on ... |
Hsing Ta Cement's revenue up 33% in September09 October 2018, Published under Cement NewsTaiwanese cement manufacturer Hsing Ta Cement has recorded a 32.6 per cent YoY surge in revenue for September 2018, rising to TWD690.78m (US$22.30m) from TWD521.03m. In the first nine months of 2018, the company has seen a 26 per cent increase in revenue to TWD4.71bn, compared with TWD3.74bn of the year-ago period. |
NCL Industries reports 32% production increase09 October 2018, Published under Cement NewsIndia’s NCL Industries has announced strong results in the Jul-Sept 2018 period. Cement production increased 32 per cent YoY to 0.48Mt, while dispatches similarly rose 31 per cent to 0.48Mt. Elsewhere, the company’s production of its cement particle boards advanced 19 per cent YoY to 16,458t. Dispatches of the product increased seven per cent to 16,728t. |
Dewan Cement's net profit falls to PKR902m09 October 2018, Published under Cement NewsDewan Cement Limited (DCL) has announced that its net profit declined to PKR902m (US$7.33m) in financial year 2018 from PKR1.30bn earned in the same period last year. It shows profit dropped by 30.9 per cent, despite increase in net sale to PKR13.47bn from PKR12.85bn during this period. The company incurred a distribution cost of PKR206m against PKR261m incurred in the same period last year. The administrative expenses increased to PKR688m from PKR684m in previous fiscal year. The com... |
Hoffmann Green Cement Technologies develops low metakaolin-based cement09 October 2018, Published under Cement NewsHoffmann Green Cement Technologies (HGCT) is completing the construction of a 50,000t pilot plant in Bournezeau, Vendée, France. The new works will produce cement using flashed metakaolin, reducing CO 2 emissions to 200-250kg/t produced, according to the company. "We use flashed metakaolin, clay flashed at 750˚C for five seconds, the clay is rendered in a metastable state, between the raw state and the burnt state. This clay powder is then activated. We also worked on clay powder, gypsum... |
Sino-Zimbabwe's output to be severely reduced by power cuts09 October 2018, Published under Cement NewsSino-Zimbabwe Cement Co will not produce the amount of cement it had planned to during October because of the scheduled power cuts by ZESA. ZESA is carrying out maintenance work on its 88kv Sherwood-Mvuma feeder station which supplies the Sino-Zimbabwe cement plant with its power. The maintenance work is expected to cause interruptions for the entire month of October. The cement plant is expected to be without power for two days every week during the month of October. |