Cement News tagged under: corporate
Gebr Pfeiffer commissions Osho grinding mill25 September 2018, Published under Cement NewsGebr Pfeiffer has erected and commissioned an MVR grinding plant at Port Elizabeth, Eastern Cape, South Africa, for Osho Cement in just four months. Osho Cement is a joint venture with HeidelbergCement. The MVR 37750 C-4 mill was ordered in 2017 and is the first MVR mill in South Africa. The new mill will grind clinker at 110tph to a Blaine fineness of 3500cm 2 /g and 80tph of blastfurnace cement (CEM III-A) to 4500cm 2/ g according to Blaine. The mill also has an SLS 3750BC high-ef... |
Unacem seeks loans of up to US$490m25 September 2018, Published under Cement NewsUnion Andina de Cementos SAA (UNACEM) plans to start talks with banks for up to US$490m in loans to refinance existing US$-denominated debt and other corporate purposes. The company is seeking US$50m from Citibank, US$45m from Banco Santander and local currency credit facilities for up to US$100m from Banco de Credito del Peru and Scotia Bank Peru, the Peruvian cement producer said in a recent stock exchange announcement. UNACEM posted a YoY flat consolidated EBITDA of PEN290m (US$87.5m)... |
Oman Cement unveils new brand identity25 September 2018, Published under Cement NewsOman Cement Co unveiled a new brand identity and logo to convey its strong brand value proposition that is synonymous with quality, strength and reliability. The new brand identity was launched at a function held under the auspices of H E Qais Mohammad al Yusuf, chairman of Oman Chamber of Commerce and Industry. The event was attended by Dr Abdullah bin Abbas bin Ahmed, chairman of OCC, Eng Salem bin Abdulah al Hajri, chief executive officer of OCC, other top-level officials of the company... |
Nuvoco Vistas appoints new MD25 September 2018, Published under Cement NewsIndia’s Nuvoco Vistas Corp Ltd has announced the appointment of Jayakumar Krishnaswamy as its managing director with immediate effect. Mr Krishnaswamy will be responsible for the company’s three business divisions of cement, ready-mix and aggregates. Mr Krishnaswamy had previously worked as the managing director of AkzoNobel India, a paints and coating manufacturing company, and was responsible for its operations in Sri Lanka, Bangladesh, Nepal and Bhutan, according to a press release. |
Kigali Cement plant to go under auction24 September 2018, Published under Cement NewsKigali Cement plant will again go under the auction hammer tomorrow, Tuesday, when owner Athi River Mining Cement Ltd (ARM) looks to see the plant meet its valuation. Located in Gitikinyoni area of Nyarugenge district of Rwanda, the grinding plant has a cement capacity of 0.1Mta. Bidders failed to meet the valuation of the plant in the previous auction. "The only bid RWF100m (US$113m) and it was rejected because it was far lower then the 70 per cent of the RWF1.27m, the market value of the... |
Vicat Group appoints Hugues Chomel as CFO24 September 2018, Published under Cement NewsFrance’s Vicat Group has announced the appointment of Hugues Chomel as CFO, replacing Jean-Pierre Souchet, deputy CEO, who will now be serving as an advisor to the chairman and CEO. Mr Chomel joined the company in 2004 and has been the deputy CFO since 2013, having previously worked for Schneider Electric, Alstom and Deloitte. |
Ciments du Maroc reports 1H turnover down 4%24 September 2018, Published under Cement NewsCiments du Maroc posted a 1H18 turnover of MAD1.94bn, a 4.2 per cent decrease when compared with the same period in 2016. The sales volume of the company and its subsidiary Indusaha fell 2.6 per cent with domestic demand 2.9 per cent over the period. The gross operating surplus was MAD1bn, up 9.3 per cent as operating performance improved. Operating income rose faster than EBITDA (+12.5 per cent) to MAD739m. Net profit was down 5.1 per cent to MAD573m. |
FANCESA increases freight charges24 September 2018, Published under Cement NewsFrom 1 October new freight charges will come into effect at Bolivia’s Fábrica Nacional de Cemento (FANCESA) as it currently prepares individual contracts for carriers. Fo example, freight to Santa Cruz will cost BOB13/bag with the company expected to publish the costs of further markets in the following days. |
Cemex Holding Philippines denies ownership in landslide area24 September 2018, Published under Cement NewsCemex Holding Philippines (CHP) reported to the stock exchange that it has no equity stake in APO Land & Quarry Corp (ALQC) after a landslide killed at least 22 people and left several people unaccounted for in the area on 20 September. Cemex is coordinating with ALQC after the recent downpour caused a landslide in Sito Sindulan, Barangay Tina-an, Naga City, Cebu. While ALQC is a raw material supplier of APO Cement Corp (Cemex group), CHP does not own any direct of indirect stak... |
Vicat is looking at Brazil21 September 2018, Published under Cement NewsVicat has confirmed that it is in conversations with Ciplan, Cemento Planalto SA, which could lead to an investment in the Brazilian group. The privately-owned Ciplan was established in 1968 and is active in cement, mortar, concrete and aggregates and has around 1100 employees. No further information was disclosed by Vicat. |