Cement News tagged under: corporate
Tarmac receives council approval for plant upgrade18 September 2018, Published under Cement NewsUK-based Tarmac has received the approval of East Lothian Council to modernise its facility in Dunbar, Scotland. The plans include the installation of a new grinding station and storage silo. "The proposed mill will replace two existing mills on the site and will be more energy-efficient and quieter than those existing mills," stated the planning officer’s report. Oliver Curtin, plant manager, noted the benefits of the upgrade and how additional permits are still required. "The plans wil... |
RCCPL plans Maharashtra captive and WHR power plants17 September 2018, Published under Cement NewsRCCPL, the Birla Corp subsidiary formerly known as Reliance Cement Co, is planning a 40MW captive and a 10.6MW waste heat recovery-based power plant at Mukutban village, Yavatmal in the Indian state of Maharashtra. The power plants will be part of the plant integrated cement plant on land already acquired by the company. The INR24.5bn (US$338m) investment will be paid through a mix of debt and internal accruals. To date environmental clearance has been received for the project, which is a... |
Siam Cement expect stronger growth in Myanmar in 201917 September 2018, Published under Cement NewsSiam Cement Group (SCG) expects its growth target for 2018 in Myanmar to be affected by inflation and flooding. This is despite seeing cement sales in Mon state rise nine per cent YoY and revenues of US$152m in the 1H18, which were up 14 per cent on 1H17. Surachai Pomjindachote, SCG's Myanmar director, said," For this year, Myanmar is facing floods and inflation, so total growth of the country might fall below target. But in 2019, we foresee higher growth compared to this year's. "Myanmar'... |
Taiwan Cement continues talks with Sanko Holding17 September 2018, Published under Cement NewsTaiwan Cement Corp (TCC) has announced that it and Sanko Holding AS has signed a memorandum of understanding and a confidentiality clause regarding the company’s intention to invest in the Turkish group. Talks about the strategic partnership are expected to continue until a definitive contract is signed. Taiwan Cement has previously noted its interest in the Turkish cement industry, which would be the company’s first move into the European market. |
Kolos Cement released from competition requirements17 September 2018, Published under Cement NewsMauritius-based Gamma Civic Ltd has been released from its commitment set by the Competition Commission of Mauritius (CCM) to have its subsidiary Kolos Cement Ltd, previously known as Holcim (Mauritius), resort to a bidding exercise to buy cement. The company currently operates the largest terminal on the Indian Ocean at 60,000t. Gamma Civic acquired 51 per cent of the company in 2015, and was subsequently required to address any competition issues. The company agreed it would buy cement th... |
Votorantim Cimentos sees 15% rise in 1H turnover14 September 2018, Published under Cement NewsVotorantim Cimentos saw its first-half turnover improve by 14.9 per cent in 1H18 to BRL5738m (US$1365m) when compared with 1H17. The Brazilian producer’s cement sales advanced by 18 per cent YoY to BRL4191m and the aggregates turnover rose by 52.9 per cent to BRL198m.While the turnover in ready-mixed concrete was a more modest 8.7 per cent ahead at BRL1019m, the turnover in other products and services declined by 11.7 per cent to BRL330m. The company’s trading profit came off by 13.2 per ... |
Thatta Cement reports 22% drop in net sales for FY17-1814 September 2018, Published under Cement NewsPakistan’s Thatta Cement has recorded a 22.3 per cent YoY fall in net sales to PKR2.84bn (US$23.03m) for the FY17-18 period, ended 30 June 2018. Operating profit decreased 38.4 per cent to PKR563.2m (FY16-17: PKR913.69m), while net profit slipped 38.7 per cent to PKR356.86m (FY16-17: PKR581.99m). Consolidated net sales saw a minor decline of 0.8 per cent to PKR3.79bn, compared with PKR3.82bn of the FY16-17. Consolidated operating profit was down 10.5 per cent YoY to PKR987.63m. However, ne... |
Cementos Tudela Veguín to construct terminal in Gijón14 September 2018, Published under Cement NewsSpain’s Cementos Tudela Veguín has announced plans to construct a terminal at Gijón port, Asturias, for the reception, storage and loading of cement. The terminal is expected to serve the facilities of the company’s subsidiary, Masaveu Industria, and occupy an area of 14,000m 2 . The project was given permission to proceed by the port authority after the deadline for a 20-day competition process expired. Therefore, the company will become the first to have a long-term concession on the exp... |
CimGabon to build second line13 September 2018, Published under Cement NewsCIMAF expects to launch construction on a second production line at CimGabon's Owendo works, near Libreville, in less than two months. The EUR10m new line will add 0.35Mta of production capacity to the existing plant, taking total capacity at the site to 0.85Mta. Line 2 is scheduled to come online in a year’s time. Last year, the Gabon government suspended cement imports to address fraud, but this led to a market shortage as domestic plants were unable to supply sufficient product to meet... |
CIMAF starts commercial production in Chad13 September 2018, Published under Cement NewsCIMAF has started commercial operations of its Lamadji plant in Chad following a ceremony led by the country’s Minister of Mines and Industrial and Commercial Development, Youssouf Abassalah. Inaugurated on 12 June 2017, the CAF23bn works has a cement capacity of 0.5Mta, with the option to expand to 1Mta. A modest fall in domestic cement prices is expected as the facility enters commercial operation. |