Cement News tagged under: corporate
Case dropped against LafargeHolcim's mining in East Khasi hills21 September 2018, Published under Cement NewsThe Meghalya High Court dismissed a public interest litigation (PIL) against LafargeHolcim as being 'totally without merit' and 'tainted with ill design' against the company's mining of limestone in the land bordering Nongtrai and Shella, India, near the Bangladesh border. While the PIL had been pending since 2007, the Shella Action Committee (SAC) could not produce one land owner who was affected, after the land was transferred, sold or leased out in favour of Lafarge. The SAC had filed ... |
PT Semen Indonesia reports 4% rise in August sales20 September 2018, Published under Cement NewsPT Semen Indonesia reports its cement sales in August 2018 amounted to 20.67Mt, a rise of four per cent compared to 19.88Mt in August 2017. Domestic sales totalled 16.93Mt while exports reached 1.99Mt for the month. PT Semen Indonesia's Director of Marketing and Supply Chain, Adi Munandir, said, " We no longer see that Sement Indonesia consist of three cement companies in Indonesia that are separated." By consolidating the brands customers no longer see PT Semen Gresik and PT Semen Padang... |
PSK to construct new plant in Russia20 September 2018, Published under Cement NewsRussia's Pervaya Stroitelnaya Kompaniya (PSK) has announced plans to construct a cement plant at the Borisovsky deposit in Petrovsky, Tambov region. PSK had previously purchased assets from Tambov-Cement Co, which owned the licence to develop the deposit and build the same facility. Infrastructure preparation is expected to begin in 2019, with the processing lines to be launched in 2025. The final capacity of the plant is anticipated to exceed 1.2Mta, while total investment in the project ... |
Kohat Cement's full-year profits fall 16%20 September 2018, Published under Cement NewsKohat Cement Company Ltd (KCCL) has informed the Pakistan Stock Exchange (PSX) on 19 September that its full-year net profit for 2018 was down by 16 per cent to PKR2.98bn (US$24.1m) YoY. The company's local and export sales also contracted by one per cent to PKR13.43bn. The market attributes fall in profit to a 21 per cent YoY rise in coal prices with an average rupee depreciation of five per cent during this period and a 50 per cent rise in fuel oil prices. KCCL incurred selling and dis... |
South Ferriby Kiln 2 to start production in November20 September 2018, Published under Cement NewsCemex plans to start up its second kiln at the South Ferriby plant in north Lincolnshire, UK, in November 2018. Initially installed in 1973, the kiln has a capacity of 1000tpd and has seen significant investment over the year to ensure compliance with environmental legislation. A recent modernisation programme has seen the renewal of electrical infrastructure, control system and instrumentation. The kiln was the first to achieve 100 per cent substitution of fossil fuels with alternative ... |
Maple Leaf Cement profit down 4%19 September 2018, Published under Cement NewsPakistan’s Maple Leaf Cement has reported a 4.2 per cent YoY fall in its profit after tax for the year ended 30 June 2018. Profit for the period came in at PKR4.572bn (US$37.1m) with earnings per share of PKR7.92. Sales for the year improved by 7.5 per cent to reach PKR25.684bn, compared to PKR23.885bn in the year-ago period. However, the cost of sales surged by 25 per cent YoY due to rising coal prices. Gross profit was down 21 per cent YoY, according to Reuters. The company declared an int... |
Cemex would have investment grade until 202019 September 2018, Published under Cement NewsThe strategy to reduce the leverage level would allow Cemex to recover its investment grade in the first part of 2020, according to Citibanamex projections. "We expect the company to end 2018 and 2019 with a net debt/EBITDA ratio of 3.8 and 3.1 times, respectively. For the first half of 2020 the indicator would reach 3.0 times, excluding the sale of assets,” explains an analysis of the financial institution. However, the sale of assets would accelerate the process to obtain the investme... |
Dangote launches Blocmaster Cement19 September 2018, Published under Cement NewsDangote has unveiled its new BlocMaster Cement, describing it as extra strong and ideal for block moulding in Nigeria. According to Joe Makoju, group managing director at Dangote Cement, the new product is the result of years of deep research, adding that it had been tested and approved by builders throughout Nigeria. Strong and affordable, BlocMaster is also rapid setting making it particularly useful during the rainy season. “This is a new era. This is a new quality. This is a product of r... |
Steppe Cement posts 22% turnover increase in 1H1818 September 2018, Published under Cement NewsKazakhstan’s Steppe Cement recorded a 22 per cent increase in consolidated turnover to US$32.8m for the 1H18 period. Profit after tax rose to US$200,000 in the period, up from a US$300,000 loss in the 1H17. The company also noted that production across all facilities in Kazakhstan advanced by 14 per cent to 4.8Mt in the first half of the year. While the construction industry remains strong in the western and southern regions of the country, the momentum of production is not expected to be ... |
Buzzi Unicem begins share buyback scheme18 September 2018, Published under Cement NewsItaly’s Buzzi Unicem has announced the commencement of a share buyback programme, with the company able to repurchase up to 7m ordinary and saving shares. The plans are intended to provide the company with an instrument for liquidity investment, according to a press release. The programme will be completed within 18 months from the date at which authorisation was received on 10 May 2018 at the shareholders' meeting. The company currently owns 50,000 ordinary shares and 29,290 saving shares... |