Cement News tagged under: corporate
Molins to start old Sant Vicenç del Horts demolition20 June 2018, Published under Cement NewsCemento Molins will start the demolition of its old plant in Sant Vicenç del Horts, a project which is expected to take around 18 months. The plant, which was built between 1965-1974, was replaced by a new works on an adjacent plot of land in 2010. Once the demolition is complete, it is possible that the owners will expand the current operational factory using the 19,000m 2 area. The project represents an investment of EUR2m. Sources at the company said there is no precedent in Cat... |
Martin Engineering opens new UK facility20 June 2018, Published under Cement NewsBulk handling specialist Martin Engineering has opened a new facility in Mansfield, Nottinghamshire, UK, to offer an improved service to UK and Scandinavian customers. The team at Mansfield will be lead by Aaron Bartram, who has 30 years of experience running major production operations in the heavy building products sector. “The UK and Scandinavia are centres of excellence when it comes to bulk material handling and processing,” said Robert Whetstone, Martin Engineering’s European vice p... |
Thai King increases stake in Siam Cement19 June 2018, Published under Cement NewsThailand’s King Maha Vajiralongkorn Bodindradebayavarangkun has increased his stake in Siam Cement Group from 0.8 per cent to 30.8 per cent, and has become the top shareholder. King Vajiralongkorn took over all of the shares previously controlled by the Crown Property Bureau (CPB), an entity that manages royal assets, according to Nikkei. The transfer will not result in any change to the operations of the company. Alongside Siam Cement, King Vajiralongkorn also assumed control over the CPB... |
US Cement receives key permit for white cement plant19 June 2018, Published under Cement NewsUS Cement LLC has received a draft air permit from the Texas Commission on Environmental Quality for a white cement plant near the town of Brady. Groundbreaking for the 0.5Mta facility, which sits on a limestone deposit of 80Mt, is scheduled for the first half of 2019. Part of Royal White Cement, US Cement expects to invest more than US$200m in the plant, incorporating the latest production technology and environmental control systems. Some 300 workers will be needed during the construct... |
Cemex UK moves to Rugby19 June 2018, Published under Cement NewsCemex UK is moving its headquarters from Thorpe, Surrey, to its offices in Rugby, Warwickshire, to create a new HQ from 1 July 2018, said the company in a statement. The company has had close links with Rugby for nearly 150 years and operates one of the most modern plants in the town. To date the location has provided a regional centre for the company. From 1 July the senior leadership team and all back-office functions such as Taxation, Communications and Human Resources will be based at... |
Mordovcement carries out modernisation plan19 June 2018, Published under Cement NewsMordovcement plant, part of Eurocement, is implementing its modernisation plan to increase the reliability of existing equipment and further automate the productioni process, according to Esmerk Russian News. The cement producer is investing in a new cement milling shop, which will enable the semi-dry plant to produce cement and improve the company’s total performance. |
Belarusian government ready to sell Krasnoselskstroymaterialy18 June 2018, Published under Cement NewsThe Belarusian government is ready to sell Krasnoselskstroymaterialy to CRH for approximately US$200m, according to Deputy Prime Minister, Anatol Kalinin. "The investor does not want to buy the entire stake although we are offering it to purchase 100 per cent of its shares," he said, adding that the sides continued their talks and were bringing their positions closer together. The government is determined to carry out a targeted privatisation, said Mr Kalinin. The cement manufacturer has... |
PPC expects profit increase in FY1818 June 2018, Published under Cement NewsSouth Africa’s PPC expects its net profit attributable to shareholders to increase between 55-65 per cent for the financial year ended 31 March, compared with ZAR93m (US$6.9m) of the previous year. However, the group’s EBITDA from operations is expected to decline by 5-12 per cent YoY. "Group EBITDA has been negatively impacted by costs related to corporate action, restructuring and separation costs, which were communicated previously. Excluding this impact and the fluctuation in exchange... |
Morocco’s APC elects new board18 June 2018, Published under Cement NewsThe Association Professionnelle des Cimentier (APC) of Morocco has appointed Taraga Marouane, chairman of the Board of LafargeHolcim Morocco, as its new chairman. He succeeds Mohamed Chaïbi, who has been co-opted as a director and appointed special advisor to the newly-elected president of the PCA. The general assembly, which was held on 7 June, also appointed Malik Sefrioui as vice-president while the positioni of the treasurer general returns to Brahim Laraqui. Mohamed Boujnaoui has bee... |
CRH receives approval to acquire Ash Grove Cement15 June 2018, Published under Cement NewsCRH Plc has received regulatory approval to acquire Ash Grove Cement Co. The US Federal Trade Commission has issued its consent order, with the US$3.5bn transaction expected to close in June 2018. CRH has agreed to divest assets to secure antitrust approval for the deal. As a result, the company will sell a cement plant and quarry in Montana, sand and gravel pits in Nebraska and four facilities (two limestone quarries and two asphalt plants) in Kansas, according to Reuters. |