Cement News tagged under: corporate

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Sephaku Cement reports 25% fall in net profits

28 June 2018, Published under Cement News

Sephaku Cement (Dangote group) reported a 35 per cent slump in net profit to ZAR44m (US$31.7m) on a one per cent decline in revenue to ZAR831m for the year to end-March. "We experienced a challenging operating year as competition in the ready-mix concrete segment intensified characterised by lower volumes and marginal improvement in pricing," Sephaku CEO, Lelau Mohuba, said in the results statement. "The scenario was much more positive on the cement front with improved industry annual pric...

Nigeria's CCNN and Kalambaina Cement to merge

28 June 2018, Published under Cement News

The Board of Directors of Nigeria’s Cement Co of Northern Nigeria (CCNN) and owners of the 0.5Mta Sokoto cement plant have announced that it has informed the Nigerian Stock Exchange of its proposed merger with BUA-owned Kalambaina Cement Co Ltd, owned and operators of the 1.5Mta Kalambaina plant in Sokoto state, Nigeria. CCNN's Managing Director, Ibrahim Aminu, said the proposed merger would improve the competitiveness of CCNN in its home market and also enable it utilise the more modern p...

Pioneer Cement raises grinding capacity

28 June 2018, Published under Cement News

Pioneer Cement, located at Khushab, in Punjab province has increased its cement grinding capacity to 0.8Mta. Company Secretary, Waqar Naeem, notified the stock exchange on Wednesday that Pioneer Cement had raised its grinding capacity to 345tph. According to Sherman Securities' Research Analyst Saqib Hussain, the capacity increase of 0.8Mta will help the company improve its revenue and profit. The extra grinding capacity was delayed and was originally scheduled to come on-stream in Decembe...

Fauji Cement appoints new Company Secretary

28 June 2018, Published under Cement News

Fauji Cement Company Ltd (FCCL) informed Pakistan Stock Exchange (PSX) that it has appointed Brig Riaz Ahmed Gondal as Company Secretary with effect from 27 June 2018, in place of Brig Ch Zafar Iqbal (Retd). The company plant is located at Fateh Jang in Punjab, Pakistan. The clinker capacity stands at 3.27Mt while  cement capacity is at 3.433Mt.

Cementir sets out plans in the run-up to 2020

27 June 2018, Published under Cement News

In the company's 2018-20 business plan, Francesco Caltagirone Jr, chairman and CEO of Cementir, vowed to generate more value for shareholders, presenting his vision for the next two years. Cementir's revenue is expected to grow by 5.5 per cent between 2017 and 2020, with a target set at EUR1.34bn in 2020. EBITDA is expected to rise by 6.6 per cent to EUR270m from EUR223m in 2017. To improve profitability and efficiency in all areas, the company would continues its drive to rationalise pro...

RHI Magnesita undertakes major investment in China

27 June 2018, Published under Cement News

Refractory specialist RHI Magnesita will invest EUR20m in its dolomite plant in Chizhou, Anhui province in China. The step is part of a decisive response to address global pressures in the supply of raw materials to the refractory industry and rapidly provide additional volumes to its worldwide customers, said the company in a statement. The Chizhou site includes an extensive dolomite mine and raw material production as well as facilities for the production of high-quality dolomite-bas...

Lucky receives power plant financing

27 June 2018, Published under Cement News

Lucky Cement has received financing approval for its power plant at Deh Ghangiaro, Bin Qasim, Karachi. Lucky Electrical Power Co Ltd, a subsidiary of Lucky Cement, applied for the finance to build a 660MW supercritical coal-based power project to supply power to the national grid. The project cost is estimated at US$885m, financed through a debt-to-equity ratio of 75:25. Commercial operation is scheduled to start in March 20121.

China Shanshui Cement Group posts CNY14.92bn turnover

26 June 2018, Published under Cement News

China Shanshui Cement Group has posted a turnover of CNY14.92bn for FY17. The figure represents a 32.2 per cent advance when compared with FY16, when the company’s turnover reached CNY11.28bn. Attributable profit for the period reached CNY767.9m, from a loss CNY738.3m in FY16.

New kiln line at Burglengenfeld plant online

25 June 2018, Published under Cement News

After two years of intense work, first clinker was received on schedule at HeidelbergCement’s Burglengenfeld cement works in Germany in April 2018. IKN was awarded a contract for engineering, supply and installation to upgrade the pyroprocessing line to 4000tpd – from raw meal feeding to clinker discharge. The contract included integration engineering, supply and installation of add-on components for the raw meal grinding plant. The upgraded kiln line features state-of-the-art technology ...

Huaxin Cement Narayani to build US$140m plant

25 June 2018, Published under Cement News

Nepal’s Investment Board (IBN) has signed a project investment agreement with Huaxin Cement Narayani to establish a US$140m cement plant in Nepal. Following the deal signed by IBN’s CEO, Maha Prasad Adkhikari, and Xu Gang, vice-president of Huaxin Cement Co, in the presence of Prime Minister, KP Sharma Oli, the joint venture company will build a 3000tpd cement works in Dhading, Nepal. The agreement includes protection for the foreign investor in Nepal and the provision that, despite the c...