Cement News tagged under: corporate
Cim Ivoire starts up new plant03 October 2018, Published under Cement NewsCim Metal-owned Cim Ivoire has started production at its Abidjan grinding plant in Côte d’Ivoire. The 8650tpd grinding unit, which features a vertical roller mill, is the largest plant in the country and is expected to provide the cement producer with long-term logistical benefits. The project was carried out by Intercem Engineering, who also supplied the plant’s clinker and cement silos, packing plant and truck loading station. To transport the raw materials from the new Eco Hopper to the... |
Gharibwal Cement records 34% fall in net profit03 October 2018, Published under Cement NewsPakistan’s Gharibwal Cement Ltd has announced a 33.9 per cent YoY drop in net profit for the FY18 ended 30 June, falling to PKR1.509bn (US$12.2m) from PKR2.283bn. Despite this, sales increased 2.3 per cent to PKR11.48bn from PKR11.22bn. Distribution costs rose 19.7 per cent YoY to PKR383m against PKR320m of the previous year, while administrative expenses decreased 3.7 per cent to PKR2.6m from PKR2.7m. |
Haver & Boecker enters joint venture in South Africa03 October 2018, Published under Cement NewsHaver & Boecker has entered into a joint venture with South Africa’s Portland Packaging (Pty) Ltd, marking the first time a global, full-line packaging company has domestically manufactured products for the African market, according to a press release. “Bringing together the ingenuity and dedication of both of our manufacturing teams will be a huge benefit for Africa,” said Florian Festge, managing director, Haver & Boecker. “Customers will have nearly immediate access to packaging machi... |
EBRD sells its stake in Holcim Azerbaijan02 October 2018, Published under Cement NewsThe European Bank for Reconstruction and Development (EBRD) has sold its 10 per cent stake in Holcim Azerbaijan to LafargeHolcim. Therefore, the company’s share in Holcim Azerbaijan has now risen from 66 to 76 per cent. EBRD had owned the shares from 2007 and refused to increase its stake in the company to 20 per cent in August 2017, according to AzerNews. Holcim Azerbaijan, formerly Garadagh Cement, operates 1.7Mta of capacity and accounts for 40 per cent of the cement market in the coun... |
Guinée Industries Cement starts expanded works02 October 2018, Published under Cement NewsGuinée Industries Cement announced the official start of its upgraded cement production facility on 29 September 2018. The modernised works has increased its capacity from 0.7Mta to 1.4Mta. "I think today is a big sigh of relief and great comfort for our group. Because our vision is to facilitate the supply of major infrastructure projects in the country in quality product. Today, with this doubling of our production capacity from 700,000t to 1,400,000t, I think this goal we have set ourse... |
Buzzi Unicem announces share purchase02 October 2018, Published under Cement NewsFollowing the commencement of its share buyback scheme, Buzzi Unicem has announced that it acquired 244,100 ordinary shares in the 24-28 September period. The company purchased the shares for a total consideration of EUR4.495m (US$5.2m) at an average price of EUR18.41. As of 28 September, the company now holds 297,600 ordinary shares and 29,290 saving shares, equal to 0.16 per cent of the issued share capital. |
CRH appoints two non-executive directors01 October 2018, Published under Cement NewsCRH has announced the appointment of Mary Rhinehart and Siobhan Talbot as non-executive directors of the board. Ms Rhinehart and Ms Talbot will join the company with effect from 1 October and 1 December, respectively. Ms Rhinehart is chairman, chief executive officer and president of Johns Manville Corp, a Berkshire Hathaway company, which is a leading global manufacturer of premium-quality building products and engineered specialty materials. Ms Talbot is group managing director of Glanb... |
Longleaf Packaging begins constructing its first plant01 October 2018, Published under Cement NewsLongleaf Packaging has broken ground on its first cement packaging and distribution facility at Orangeburg, South Carolina, USA. The company is investing around US$6m and is projected to create 28 new jobs at the 28-acre site over the next five years. The plant will package and distribute bagged, pre-blended and dry-mix products, with production expected to commence in the 4Q18. Alongside Portland cement, the product line will include mortar mix, concrete mix and sand mix. "We feel very ... |
GCCA appoints Andrew Minson to executive team01 October 2018, Published under Cement NewsThe Global Cement and Concrete Association (GCCA) has announced the appointment of Dr Andrew Minson as Concrete and Sustainable Construction Director. Dr Minson joins the GCCA from the UK-based Mineral Products Association and will take up the role in January 2019. Dr Minson will lead the GCCA’s work in promoting the sustainability value of concrete in the future of construction, according to a press release. "I am delighted to be taking on this role at the GCCA, working in a sector which ... |
Cementos Fortaleza begins construction of cement mill28 September 2018, Published under Cement NewsMexico’s Cementos Fortaleza, part of Elementia, has begun the construction of a new 0.25Mta cement mill in Merida, Yucatan. The plant represents an investment of US$30m and will occupy a 7ha area, including space for a production area, two warehouses and a general services unit. The plant is expected to contribute to the growth of the construction sector in Yucatan, which recorded a 19 per cent expansion in the 3Q18. |