Cement News tagged under: corporate
Rizmy Rishard becomes director Siam City (Lanka) Ltd05 September 2018, Published under Cement NewsSiam City Cement (Lanka) Ltd has announced the appointment of Rizmy Rishard as an Independent Director, to its Board, effective from July 2018. Mr Rishard brings with him extensive experience in business transformation, having played a local and global role in multinational and local conglomerates during his career spanning 25 years. Mr Rizmy is a Chartered Management Accountant and a Chartered Marketer with a strong affiliation to Human Resource Management. He received his executive educa... |
Shah Cement wins 'Superbrands' award05 September 2018, Published under Cement NewsShah Cement Industries Ltd of Bangladesh has won the 'Superbrands award 2018', in a award recipient's ceremony of Superbrands Bangladesh for 2018-20, held at Radisson Blu Dhaka Water Garden on 1 September. The company said, "leadership in Bangladesh cement market for over a decade, consistent product quality and superior service for customer confidence has taken Shah Cement to a new height." After winning the 'Best Brand Award' in cement category on every occasion, Shah Cement is the re... |
GCCA expands to 16 members05 September 2018, Published under Cement NewsThe Global Cement and Concrete Association (GCCA) expanded to 16 members last month, adding companies from Europe, South America and Asia. Buzzi Unicem, Cementos Argos, Cementos Pacasmayo, Çimsa Çimento, SCG Cement and Titan Cement were all welcomed to the association which launched earlier this year. Furthermore, the US-based Portland Cement Association has joined the GCCA as an affiliate. "We are delighted to welcome further cement and concrete companies and like-minded organisations t... |
SOBOCE to invest further in El Puente04 September 2018, Published under Cement NewsBolivia’s Sociedad Boliviana de Cemento SA (SOBOCE) is expanding the production capacity at its El Puente cement plant to meet the current and future cement demand in Tarija. The modernisation of the works represents an investment of BOB49m (US$7.1m) to date and started with the installation of a new crusher, pre homogenisation, raw material storage and transport as well as a new 10MW electrical substation. The cement producer will invest a further BOB25m in new bagging and dispatch s... |
Nepal's banks loan US$140.5m to Hongshi Shivam Cement04 September 2018, Published under Cement NewsHongshi Shivam Cement of Nepal has been supported by a consortium of five of Nepal's commercial banks who have approved credit of US$140.48m to the 6000tpd Nepal-China joint venture. The joint venture required the loan to conclude financial closure of the new cement plant that begun trial production earlier this year. The banks involved include NMB Bank, Nepal Investment Bank, Prabhu Bank, Everest Bank and Nepal SBI Bank. The project has already received approval to inject foreign direct i... |
Cimentos de Maiaia signs coal deal with Vale04 September 2018, Published under Cement NewsMozambique’s Cimentos de Maiaia has awarded Brazilian mining giant Vale the contract for its coal supply. The initial deal is for 600tpa of thermal coal from Vale’s mines in the western Mozambican province of Tete. “Every quarter we will take about 200t, and after a year of this contract we shall increase our capacity to use coal from Vale”, said the managing director of Cimentos de Maiaia, Chunjie Gou. The cement producer’s plant in Nacala Special Economic Zone was inaugurated three m... |
Emisa to stop cement production04 September 2018, Published under Cement NewsEmisa will cease to produce cement at its Oruro works, Bolivia. The company’s mills date from 1946 and are no longer able to compete effectively with newer plants. The company will focus on cement distribution in Oruro instead. Local workers were offered jobs in other plants, accept voluntary retirement or a redundancy package. |
East African Portland Cement pleads for more time03 September 2018, Published under Cement NewsSimon Peter Ole Nkeri, managing director of East African Portland Cement (EAPC), has urged the courts and creditors to give the company time, while it trims staff levels and sells 14,000 acres of land to the newly-established Special Economy Zones Authority (SPEZA). "All we are saying to the court is we need time to sort issues out and sell some assets. Creditors are also knocking on our doors, but we have a plan," said Mr Nkeri. EAPC needs to take urgent measures to return to pr... |
Cemento Polpaico sees CLP4bn net profit in 1H1803 September 2018, Published under Cement NewsChilean cement producer Cemento Polpaico reported a 32.2 per cent increase in revenues to CLP82.114bn (US$120,143m) in 1H18 from CLP62.118bn. The company has attributed the higher operating revenues mainly to an increase in cement and concrete sales volumes, driven by an uptick in economic activity during the first six months of 2018, compared with 1H17. However, distribution costs went up from CLP13.3bn to CLP17.7bn as a new law of manual handling loads affected working practices. ... |
Lack of foreign currency affects Zimbabwe's plants03 September 2018, Published under Cement NewsZimbabwe's foreign currency shortage is impacting on the operational efficiency of its cement plants. While Sino-Zimbabwe Cement Co is able to source 85 per cent of its raw material needs from local sources, the remaining materials are imported, requiring foreign currency. In addition, the company needs to buy spare parts from Europe and core services such as the paper bags for packaging cement from Tanzania and Zambia. Wang Yong, Sino-Zimbabwe's managing director, said the company wa... |