Cement News tagged under: corporate
Dangote to list in London in 2019?09 July 2018, Published under Cement NewsDangote Cement is considering carrying out its long-planned listing of shares in London after the Nigerian presidential and parliamentary elections on 16 February 2019 and state government elections in March as it intends to expand through acquisitions, according to a report in Business Day. "We are working on it and we’ll look at it in 2019," Edwin Devakumar, group executive director at Dangote Industries, said. "We have grown to this extent mostly via greenfield investments. To grow muc... |
PSP Engineering announces 38% sales increase in 201709 July 2018, Published under Cement NewsPSP Engineering, a major Czech turnkey supplier, has announced a 38 per cent YoY rise in sales to CZK616m (US$28m) in 2017. The company’s profit surged 192.5 per cent to CZK11.7m, compared to CZK4m of the previous year, according to its annual report. Sales of equipment for cement plants and crushing and grinding machinery contributed 27 and 26 per cent, respectively. Sales in the Hungarian market advanced six per cent YoY, accounting for 16 per cent of PSP’s turnover, said Mykola Narevy... |
ICR interviews thyssenkrupp's Frank Ruoss06 July 2018, Published under Cement NewsIn the July issue of ICR, equipment specialists throughout the cement sector reflect on their achievements in the past three decades and look to what the cement industry can expect from them going forward. In this interview, ICR speaks with Frank Ruoss, CEO of Cement Technologies, thyssenkrupp Industrial Solutions. ICR What is thyssenkrupp/Polysius’ single most significant achievement? Frank Ruoss (FR) In the late 1920s our company developed a process called ‘lepol’ which revolution... |
LafargeHolcim reviewing sale of Indonesian assets06 July 2018, Published under Cement NewsLafargeHolcim (Switzerland) is considering the sale of its Indonesian subsidiary, Holcim Indonesia, for a total consideration of US$2bn, according to Bloomberg and local reports. The Indonesian cement market has suffered from overcapacity and price pressure in recent years, placing pressure on profit margins. Nevertheless, the long-term potential of the market and Holcim Indonesia’s strong market position make this a significant and surprising move. Potential buyers include China’s major... |
LafargeHolcim wins contract from Highways England06 July 2018, Published under Cement NewsLafargeHolcim has won a GBP500m (US$661m) contract from Highways England to supply cement bound works and asphalt over the next four years for a regional investment programme, according to the producer. The company's UK subsidiary, Aggregate Industries, will supply the materials for the project. Aggregate Industries had already been chosen to provide surfacing work for the country’s largest road improvement project earlier this year. |
Dangote forecast to increase market share in sub-Saharan Africa06 July 2018, Published under Cement NewsThe removal of tariffs and non-tariff barriers under the African Continental Free Trade Area (AfCFTA) will help Dangote Cement Plc’s expansion plans in sub-Saharan Africa and increase its consumption to 275Mt across 16 countries by 2030, according to a projection released by the Nigeria Office for Trade Negotiations. The Dangote Group has also forecast a 27.1 per cent market share in sub-Saharan Africa in 2018, with this expected to reach 59.4 per cent by 2030. According to the report, sub... |
ICR interviews Cementir's Francesco Caltagirone Jr05 July 2018, Published under Cement NewsIn the July issue of ICR, cement associations and producers reflect on the past three decades, highlight the industry’s achievements and look at the way ahead as climate change and other challenges drive changes in the industry. In this interview, ICR speaks with Francesco Caltagirone Jr, chairman & CEO, Cementir Holding SpA. ICR How has your company evolved over the last 30 years and what has changed most, at a plant or company level, over that period? Francesco Caltagirone Jr (FC) C... |
Martin Marietta acquires CRH America's divested asset04 July 2018, Published under Cement NewsUS-based Martin Marietta Materials has acquired CRH America’s Mallard Sand & Gravel business, which will add approximately 30Mt of aggregates to the company’s reserves. CRH was required to divest these assets as part of its acquisition of Ash Grove Cement Co. Furthermore, Martin Marietta has sold two aggregate quarries to resolve competition issues with respect to its recent acquisition of Bluegrass Materials Co, according to AggNet. "We’re pleased to conclude the DoJ’s Hart-Scott-Rod... |
Dangote to issue shares as part of its NGN150bn Commercial Paper Programme04 July 2018, Published under Cement NewsDangote Cement Plc has announced the issuance of NGN50bn (US$13.9m) series 1 and 2 notes under its NGN150bn Commercial Paper Programme, announced on 27 June 2018. The series 1 and 2 notes will be listed on Nigeria's FMDQ OTC Securities Exchange on 19 July 2018. Funds raised in the Commercial Paper (CP) Programme will be used for capital expenditure, working capital and general corporate purposes. Joe Makoju, Group CEO, said: "This landmark transaction is the largest-ever Commercial P... |
LafargeHolcim acquires leading Texan ready-mix concrete company04 July 2018, Published under Cement NewsLafargeHolcim has acquired Tarrant Concrete, a leading providing of ready-mix concrete in the Dallas/Fort-Worth area in Texas, USA. Jan Jenisch, CEO of LafargeHolcim: “The acquisition of Tarrant Concrete follows our Strategy 2022 – ‘Building for Growth’ by capturing growth opportunities in our most attractive markets. By being highly complementary to our existing business, Tarrant Concrete will allow us to expand our ability to serve customers in a high growth area of Texas. I very much we... |