Cement News tagged under: corporate
Hanson UK starts graduate recruitment drive22 August 2018, Published under Cement NewsHanson UK is looking to recruit graduates of science technology, engineering and mathematics (STEM) by offering starting salaries of GBP25,000 (US$32,190) rising to GBP50,000 in five years under a structured graduate trainee programme. The cement company aims to challenge new recruits by teaching them different areas of the business over a period of two to three years. Graduates could enjoy working in Germany at Hanson's parent company HeidelbergCement as well at plants in the UK, including... |
Vicat announces expansion plans in India21 August 2018, Published under Cement NewsAt the inauguration of a 1.2Mt bulk cement terminal in Mumbai, France-based Vicat Group announced that it has invested INR3bn (US$43m) this year on capacity expansions in southern and eastern India. "We have already invested INR3bn this year. Our expansion plan includes setting up of 1.2Mt of bulk cement terminal at Kalamboli in Mumbai and second line of 2.75Mta capacity in existing Kalburgi cement plant and establishing a grinding unit of 1.7Mta capacity at Vizag in Andhra Pradesh to expa... |
Almalyk MMC commissions 1.5Mta plant21 August 2018, Published under Cement NewsUzbekistan's Almalyk Mining and Metallurgical Combine (MMC) has commissioned its 1.5Mta Sherabad cement plant based in Vandob, Surkhandarya. The US$212.8m project was carried out by DAL Teknik Makina on a turnkey basis. The cement produced will be fundamental to meet the demand in the Kashkadarya and Surkhandarya regions, while Almalyk MMC also plans to export cement in the future. |
Dangote doubles output at its Tanzanian factory21 August 2018, Published under Cement NewsDangote Cement has doubled its cement production in Dar es Salaam in response to Tanzania's cement shortage, which has resulted in higher cement prices. Routine maintenance at some factories has meant lower production and retail cement prices have risen from TZS12,000 (US$5.25) per 50kg bag to TZS22,000 (US$9.63) in recent weeks, reports The Citizen. Dangote Cement's Country Manager, Mr Jagat Rathee said the company has increased its output from 2500tpd to 5000tpd of cement. "We were s... |
Bestway Cement records profits of PKR13.157bn21 August 2018, Published under Cement NewsBestway Cement Ltd (BCL) has recorded a profit of PKR13.157bn (US$107.2m), down by one per cent YoY, in the fiscal year ended 30 June 2018. According to financial results received by Pakistan Stock Exchange (PSX) on 17 August 2018, the company announced an interim cash dividend of PKR0.3/share. No bonus or right shares were announced. The company's net sales increased to PKR77.11bn from PKR71.44bn in the same period a year ago. It incurred a distribution cost of PKR1.62bn against PKR1.5... |
ARM Cement placed under administration20 August 2018, Published under Cement NewsKenyan cement producer ARM Cement Ltd has been placed under administration. Commercial banks took control of the cement producer in a bid to recover the KES15bn (US$14.9m) owed to them. Nigeria-headquartered UBA Bank was appointed joint administrators from PricewaterhouseCoopers (PwC) on Friday. Muniu Thoiti and George Weru of PwC took over the management of the cement maker on Friday. Mr Weru said the main task is to take control of the firm after which they will conduct an in-depth anal... |
Wonder Cement to commission grinding unit20 August 2018, Published under Cement NewsIndia’s Wonder Cement is ready to start operations at its 2Mta clinker grinding unit in Dhule, Maharashtra, according to The Hindu. The plant represents an investment of INR4.5bn (US$64.54m) by the company. "The Dhule plant, which will commence operations on Monday, will distribute cement mainly across Maharashtra, while a minimal quantity would be supplied to Madhya Pradesh. The plant will supply mainly to North Maharashtra and Thane, Mumbai and Pune," said Managing Director, JC Toshniwal.... |
Cemento Fortaleza starts operations in Costa Rica20 August 2018, Published under Cement NewsPlycem-owned Cemento Fortaleza will move from being a distributor of cement in Costa Rica to a local producer. The company recently commissioned a new cement plant in Esparza, Puntarenas. The US$17m project includes German production technology and was built on a 50,000m 3 plot. The new plant will directly and indirectly employ more than 200 people. |
Saurashtra announces rise in 3Q sales but drop in 3Q profit20 August 2018, Published under Cement NewsSaurashtra Cement reported a 78.4 per cent decline in its net profit to INR49.3m (US$706,959) in the quarter ended June 2018 from INR228.2m in the year-ago period. Sales advanced 20.8 per cent to INR1.68m in the April-June 2018 period. In April-June 2017 sales reached INR1.391bn. |
Wilfred Murungi retires from ARM Cement20 August 2018, Published under Cement NewsKenyan billionaire Wilfred Murungi has parted ways with ARM Cement Ltd, ending his 24 years of tenure as a director at the cement producer. "I wish to inform all shareholders that after 24 years period serving as a director of ARM Cement PLC, and briefly as Board Chair, I will officially be retiring effective 13 August 2018," Murungi said in his announcement. "In the period I have served in the Board, I have seen the Company experience tremendous growth from a small plant producing 200 ... |