Cement News tagged under: corporate
Akhangarancement records production increase in May15 June 2018, Published under Cement NewsUzbekistan-based Akhangarancement has announced an increase in cement production for May 2018. The producer recorded a 2.7 per cent YoY increase to 175,024t in May, according to Uzbekistan Daily. The volume of clinker production also increased by 838t to 130,060t for the period. Plant maintenance which began in November 2017 was also successfully completed in May, including repairs to the rotary kilns and cement and raw mills by company personnel. |
Akkord plans to increase production at Gazakh plant15 June 2018, Published under Cement NewsAzerbaijan's Akkord Industry Construction Investment Corp OJSC plans to increase production at its Gazakh plant by a third, according to Trend News. "Major part of the cement plant's products comes to the domestic market, and is exported to Georgia," said a source within the company. "We aim to expand the sales. In this regard, an investment plan has been drawn up jointly with a German company. The project provides for increasing the plant's production capacity from 1Mt to 1.3Mt of pro... |
Hrazdan Cement restarts production under Russian ownership15 June 2018, Published under Cement NewsArmenia's Hrazdan Cement Corp is operating again and has been bought by GM Holding, which is under Russian ownership. Zhoghovurd (People) newspaper, reports that GM Holding is owned by Arsen Mikaelyan, chairman of Armbusinessbank CJSC board, which belongs to billionaire Vitaly Grigoryants, born in Karabakh, who lives in Russia. According to the newspaper, after the purchase-sale transaction investments were made in December 2017, the Armenian cement plant has started operating. Hr... |
GCC acquires Trident Cement, sells OK and AR ready-mix operations15 June 2018, Published under Cement NewsMeixcan cement producer Grupo Cementos de Chihuahua (GCC) received regulatory approval for the purchase of the 0.315Mta Trident cement plant in Three Forks, Montana, USA, from CRH, as well as the sale of its ready-mix concrete operations and transportation assets in Oklahoma and Arkansas. Following the transaction GCC owns eight cement plants in the US and Mexico, with a total production capacity of 5.4Mta. In addition, the company expects to commission the expansion of its cement plant in... |
Council pulls out of Holcim Westport purchase15 June 2018, Published under Cement NewsThe Buller District Council has reneged on a US$5m plan to buy Holcim cement assets and land on the West Coast. The assets include a water supply and treatment plant, a quarry, land, silos and a packing plant in Westport, Cape Foulwind and Tauranga Bay, New Zealand. Westport lost over 100 jobs when the company closed its cement works in 2016, after 58 years of operation. Mayor Garry Howard said the council had been in negotiations for more than a year on the more than US$5m deal. "We h... |
Dangote sells 0.332Mt of cement in Cameroon in 1Q1815 June 2018, Published under Cement NewsDangote has sold 0.332Mt of cement from its 1.5Mta cement plant in Douala, Cameroon, in the first quarter of 2018 according to the Nigeria-based cement producer. The company attributes its sales to increased brand awareness, additional sales outlets and improved marketing strategies. Dangote Cement estimates its 1Q market share at 44 per cent, slightly up when compared with the 1Q17. Total cement demand in Cameroon stood at 0.76Mt in 1Q18, according to the company. Infrastructure proje... |
Sino-Zimbabwe Cement announces plan to build homes15 June 2018, Published under Cement NewsSino-Zimbabwe Cement Co (SZCC) plans to construct 300 houses at its Indiva Farm facility, Gweru, Zimbabwe. The company stated that the housing project will depend on the completion of a brick and tile plant which is also being constructed near the plant, according to Nehanda Radio. "We want to construct staff houses for our employees but our focus is to ensure that we cut costs by taking advantage of the products we produce at the company. For instance, we want to ensure that we complete th... |
Titan releases its 2017 Annual report14 June 2018, Published under Cement NewsTitan Group has released its 2017 Annual Report online . The report highlights the financial performance of the group that had a turnover of EUR1505.8m, EBITDA of EUR273.4m, profit after taxed of EUR42.7m and capital expenditure of EUR122.6m. "This stable performance reflects our ability to capitalise on the opportunities offered by the continuing growth in the US market and to minimise the impact of adverse developments in Egypt and Greece," said Titan Group CEO, Dimitri Papalexopoulos. ... |
Lucky Cement charts further growth after releasing 9MFY18 results13 June 2018, Published under Cement NewsLucky Cement is optimistic about future growth for the company, and will rely on exports and its overseas operations to boost sales . The Pakistani cement company achieved an overall growth of 5.6 per cent with total sales volume of 5.84Mt during the current nine months (9MFY18) as compared to 5.53Mt sold in same period last year. While local cement sales volume registered a growth of 16.9 per cent (north 19.7 per cent and south 13.7 per cent) to reach 5.04Mt, as compared to 4.31Mt durin... |
JSW Cement inaugurates railway siding for Salboni plant13 June 2018, Published under Cement NewsJSW Cement has inaugurated a 6.5km railway siding to transport inbound and outbound cargo for its 2.4Mta facility in Salboni, West Bengal. "In cement business, logistics accounts for 30-35 per cent of the cement cost and to be cost effective we are continuously working on various levers to reduce this cost. This railway siding is a step in this direction," said Parth Jindal, managing director, JSW Cement. The railway siding will improve the availability of raw material at the plant and wi... |