Cement News tagged under: corporate
Power Cement expects real estate to increase sales08 October 2018, Published under Cement NewsWhile other southern cement producers have been wary of a slowdown, Power Cement Ltd (PCL), owned by the Arif Habib Group, has a need for expansion. "The Power Cement plant will start production on full capacity in June 2019 and it will produce 7700tpd of clinker and 9600tpd of cement," said Kashif Habib, the company's CEO. PCL, formerly Al-Abbas Cement, has developed its business through the construction of high-rise buildings and housing in Kerachi, Hyderabad, Thatta, Kotri and outher so... |
Sagar Cements records 27% production increase in September08 October 2018, Published under Cement NewsIndia’s Sagar Cements has reported that its consolidated cement production increased 27.2 per cent in September 2018, rising to 256,507Mt from 201,690Mt. Furthermore, consolidated cement sales advanced 21.8 per cent to 249,882Mt, compared with 205,097Mt of the year-ago period. |
ECEBOL’s Oruro works to open in February08 October 2018, Published under Cement NewsThe new 1.5Mta cement plant currently under construction by ECEBOL in Caracollo, Oruro, Bolivia is expected to open in February 2019, according to Oruro Governor, Victor Hugo Vasquez. Representing an investment of more than US$306m, the plant is reportedly 98 per cent complete. |
Sagarmatha Cement accused of underpayment08 October 2018, Published under Cement NewsSagamartha Cement in Dang, Nepal, has been receiving complaints from workers that reported being paid NPR400/day (US$3.36), instead of the minimum wage of NPR517/day (US$4.34). "Middle persons are exploiting the workers labour with the support of the industry," said Bharat Bhattarai, a worker interviewed by Setopati. Workers have also not received contracts of employment and the 200-strong workforce have warned of strike action if the minimum wage is not guaranteed. |
Vicat Group acquires major stake in Ciplan05 October 2018, Published under Cement NewsFrance’s Vicat Group has announced the acquisition of a major stake in Brazil’s Cimento Planalto (Ciplan). The transaction represents a reserved capital increase of EUR290m for a stake of approximately 65 per cent, with the closing of the deal subject to the fulfilment of certain conditions. Proceeds of the agreement will be used to settle a vast majority of Ciplans’ existing debt. The company operates a 3.2Mta cement plant in Brasilia, alongside nine ready-mix facilities and five aggrega... |
HeidelbergCement applies for Atlas quarry expansion05 October 2018, Published under Cement NewsHeidelbergCement has applied for an expansion to its Atlas quarry to enable the company to extract more raw materials for its Paderborn cement works in southern Germany. The application covers an area of 9ha to be added to the current 29ha exploitation permit. The 420 x 220m area runs continuous with the existing quarry and is expected to be quarried to a depth of 55m, around 5m above the water table, according to the company. |
CIMAF sees 42% rise in cement sales in 1H1804 October 2018, Published under Cement NewsCIMAF reported a 42 per cent rise in cement sales to 184,723t in Gabon during the first half of 2018, according to the Economic and Fiscal Policy unit of Gabon’s Economics Ministry. In January-June 2017, sales reached 130,077t. The company’s production volumes increased 37.7 per cent in the six-month period to 178,518t, up from 129,596t in 6M17. As a results, revenues were up 36.6 per cent YoY to XAF13.029bn (US$22.8m) in 6M18 from XAF9.537bn in the year-ago period. Gabon suspended cemen... |
LafargeHolcim modernises terminal in West Virginia04 October 2018, Published under Cement NewsLafargeHolcim has completed the modernisation of its cement terminal in Weirton (WV), USA, which had previously remained inactive for 10 years. The site will now be used to store and distribute speciality well cements for the oil and gas industry in the Appalachian region, according to a press release. "We have made a significant investment in the Weirton terminal in direct response to the growing needs of our energy industry customers. Demand for access to our oil well cement has increas... |
Lafarge (Mauritius) raises price of Baobab cement04 October 2018, Published under Cement NewsThe price of a 25kg bag of Baobab cement increased by MUR1-4 (US¢2.9-11.6) on 1 October 2018. Lafarge (Mauritius), which produces the cement, has reviewed the price of its Baobab range as a result of “increasing international raw material prices since the start of the year.” Bagged Baobab CEM II 42.5 now costs MUR115, up from MUR114, while Baobab Lakaz CEM II 32.5 cement is sold at MUR110/25kg bag, representing a 3.8 per cent increase from MUR106 before the price rise. However, Baobab 6 MC ... |
Chryso acquires Chemtec Admixtures in Ireland04 October 2018, Published under Cement NewsChryso has announced that it has expanded its admixture business in Ireland with the acquisition of Chemtec Admixtures Ltd, which will provide a unique offering on the growing construction market in the country, according to a press release. Chemtec Admixtures has operated as the exclusive distributor of the company for over 13 years in Ireland, providing admixtures for concrete, demoulding oils and waterproofing agents, mainly to precast manufacturers. "The acquisition of Chemtec Admixtur... |