Cement News tagged under: corporate
Cemex USA acquires Texas quarry13 September 2018, Published under Cement NewsCemex USA has purchased a limestone quarry in Chico, 45 miles northwest of Fort Worth in Texas, from Blue Star Materials II. Cemex will use the reserves which are expected to last another 25 years to supply aggregates for roads, bridges, commercial buildings, housing and other building projects in the state of Texas. The quarry covers 122ha. "The Dallas-Fort Worth area is expected to grow exponentially over the next 30 years," Cemex USA Regional President-Texas and New Mexico, Joel Galass... |
Vicem sees Jan-Aug sales up 12% YoY12 September 2018, Published under Cement NewsState-owned Vietnam Cement Industry Corp (Vicem) reported cement and clinker sales of 18.88Mt in the first eight months of this year. This represents an increase of 11.5 per cent when compared with 8M17. Clinker production from the company’s cement plants also increased by six per cent to 13.43Mt while in terms of cement, output rose 6.3 per cent to 15.24Mt. In August alone, clinker and cement sales were up 28.3 per cent YoY to 2.57Mt, of which 2.06Mt was exported. Clinker output increas... |
Egypt's National Cement Co goes into liquidation12 September 2018, Published under Cement NewsEgypt's Ministry of Public Sector has announced that the National Cement Co (NCC) has fallen into liquidation. NCC's kiln lines had been shutdown since 31 May 2018. Minister Hisham Tawfik announced that the company had lost EGP900bn (US$50bn) in the past year. The factory is also heavily in debt, owing EGP4.4bn to the Egyptian Natural Gas Holding Co and EGP700m to the Egyptian Electricity Co. In the most recent financial year, the company's losses were the highest among all pu... |
Tanga Cement reduces loss12 September 2018, Published under Cement NewsTanga Cement reported a net loss after tax of TZS1.8bn (US$ 788,135) for the first half of 2018, a marked improvement of its business results when compared to 1H17 when losses reached TZS14.6bn. The company’s operating profit for the six-month period reached TZS6.7bn, an advance when compared with the TZS4.3bn operating loss for the equivalent period in 2017. “Our interim half year results will be published in the coming two weeks….They will show you a clear picture of how our turnaroun... |
Saudi cement sales drop 26% in August12 September 2018, Published under Cement NewsSaudi-based cement companies reported a decrease in sales of around 26 per cent in August to 2.76Mt from 3.7Mt in August 2017, according to data from Al Yamama Cement. The producer also reported a YoY fall in total output of 27.7 per cent YoY to 2.74Mt in August. Cement stocks were slightly lower by 0.6 per cent to 1.16Mt. While Southern Cement led sales at 463,000t, it noted a 1.7 per cent YoY drop from 471,000t in August of the year before. Saudi Cement followed with 355,000t, down eight... |
Helwan Cement to sell white cement plant11 September 2018, Published under Cement NewsEgypt’s Suez Cement has announced that its subsidiary, Helwan Cement Co, has entered into an agreement with Emaar Industries to sell its 1Mta white cement plant in Minya Governorate. The transaction is expected to take place after the facility is de-merged from Helwan Cement. The sale is part of the company’s restructuring strategy to improve its financial position. |
Votorantim España appoints Alan Svaiter as new CEO11 September 2018, Published under Cement NewsVotorantim España has named Alan Svaiter as its new CEO, replacing Jorge Wagner, who has taken up the post of CEO of Votorantim Cimentos Europe, Asia and Africa. Mr Svaiter will oversee a 500-head strong business that includes four cement plants, two grinding units, 29 concrete plants, eight sand quarries and a mortar plant. Mr Svaiter, a Brazilian national, has been part of Votorantim since 2008 and after managing cement logistics for two years, he was appointed director of Engemix, Votora... |
New president for Paraguay’s INC11 September 2018, Published under Cement NewsJavier María Rodríguez Ferrer-Cajigal has been elected as new president of Paraguay’s state-owned Industria Nacional del Cemento. He succeeds César Antonio Bogado Ortiz, who resigned from the role last week. |
Taiwanese producers record positive August results10 September 2018, Published under Cement NewsTaiwan’s Asia Cement Corp has reported a 31.7 per cent YoY increase in revenue to TWD7.18bn (US$232.9m) for August 2018, alongside a 34.6 per cent rise in Jan-Aug revenue to TWD53.21bn. Elsewhere in the country, Taiwan Cement Corp noted a 54 per cent YoY surge in August revenue to TWD10.7bn from TWD6.95bn. In the Jan-Aug period, revenue reached TWD79.22bn from TWD60.88bn. Furthermore, Hsing Ta Cement saw August revenue up 22.8 per cent to TWD598.64m and Jan-Aug revenue advance 24.9 per ... |
Ohorongo Cement opens 5MW solar plant10 September 2018, Published under Cement NewsNamibia’s Ohorongo Cement officially inaugurated its 5MW solar photovoltaic plant this week at the company’s head offices near Otavi, Otjozondjuba region, Namibia. Minister of Mines and Energy, Tom Alweendo delivered the keynote address. The Minister said solar power has grown exponentially in Namibia since the inception of the Renewable Energy Feed-In Tariff programme in 2014 that its contribution to the grid has resulted in further studies by NamPower and the Electricity Control Board (E... |