Cement News tagged under: corporate
My Home Industries considers 50% capacity expansion13 June 2018, Published under Cement NewsIndia-based My Home Industries is considering a capacity expansion of up to 50 per cent over the next four years, according to the Business Line. The company has announced that its awaiting clearance from the board for the expansion, which would see it increase capacity to 15Mta from 10Mta. "Investment and location for expansion will be decided when we finalise the plans. We have the opportunity to expand in our existing locations also," said Vijay Vardhan Rao, marketing president, My Home... |
Anhui Tongling Conch temporarily suspends three production lines13 June 2018, Published under Cement NewsAnhui Tongling Conch Cement Co Ltd was required to suspend operations of a cargo pier in late May, according to a notice jointly issued by the Tongling Environmental Protection Bureau and Tongling Port and Shipping (Local Maritime) Bureau, China. Since the pier is an important channel for the shipping of cement and clinker products as well as the delivery of raw coal to the company’s cement plant, its suspension has resulted in a temporary halt at three of Tongling Conch’s clinker lines. Th... |
Carmen Díaz appointed new commercial director LafargeHolcim España13 June 2018, Published under Cement NewsLafargeHolcim has appointed Carmen Díaz as new commercial director for its subsidiary in Spain. Ms Díaz, formerly general manager of LafargeHolcim’s digital venture ReadySet Mix, will succeed Simón Kronenberg, who has been given new responsibilities in LafargeHolcim, Switzerland. Following an Chemical Engineering degree at the University of Ovieda and an MBA, she entered the company in 2002 to carry out various roles in Spain. As commercial director and member of the managing board of L... |
Sagar Cements commissions capacity expansion13 June 2018, Published under Cement NewsIndia's Sagar Cements Ltd has commissioned a capacity expansion at its grinding unit in Anakapally district, Andhra Pradesh, raising capacity to 1.5Mta from 0.3Mta. While the expansion scheduled to become operational by 31 December 2018, the facility was commissioned ahead of time on 10 June. |
HeidelbergCement updates financial targets and strategic priorities12 June 2018, Published under Cement NewsHeidelbergCement presented its Vision 2020, updating financial targets and strategic priorities for the three-year period starting 2018 at its Capital Markets Day 2018 in Bergamo, Italy. The group aims to increase free cash flow generation to around EUR6bn during this period, driven by further efficiency gains and potential market upsides as well as a reduction in financial costs and disciplined capex spending, said the company in a statement. HeidelbergCement expects to benefit from mark... |
Shree Cement budgets for United Cement acquisition12 June 2018, Published under Cement NewsShree Cement plans a capital expenditure of INR35,000m (US$519.1m) in the current financial year including INR20,000m on the completion of the deal to acquire UAE-based United Cement Co PSC. The management of Shree Cement, led by managing director HM Bangur, has historically avoided taking over existing capacity because it is of the view that it can set up plants ground up at a much lower cost, reported Livemint. Shree will spend at least INR15,000m in the current financial year to acquire... |
China Resources Cement plans share sale12 June 2018, Published under Cement NewsChina Resources Cement Holdings Ltd has announced that it plans to sell HKD4.19bn (US$533.98m) of new shares to its controlling shareholder, CRH Ltd, to raise capital for business development, repay debt and for working capital. CRH will the buy the new shares following its sale of the same amount of existing shares at the same price to third-party investors. The shareholding of CRH and its associates in China Resources Cement will fall to 68.7 per cent from 73.5 per cent upon completion o... |
Suhar Cement to add new grinding capacity12 June 2018, Published under Cement NewsSuhar Cement is expected to start its new cement grinding operation later this year. The new facility, featuring a cement mill with a capacity of around 240tph. The project is being developed as partnership with Sohar Cement (holding 70 per cent of the equity) and UAE-based Fujairah Cement Co (owning the balance 30 per cent of the equity) at Suhar Industrial Estate in northeastern Oman. This would be Oman's third cement mill after Oman Cement and Raysut Cement. The new Suhar cement plant... |
Colacem completes Maddaloni Cement acquisition12 June 2018, Published under Cement NewsColacem SpA acquired on 1 June 2018 the entire share capital of Maddaloni Cement Srl, owner of a 0.3Mta cement manufacturing plant based in Maddaloni (CE), from Cementir Italia SpA (HeidelbergCement group). The transaction, which has been successfully finalised by the directors of the Colacem Board, will increase the domestic market share held by Colacem. "This step demonstrates our trust in the potential of our country and in the role cement will play as an indispensable product today... |
Cemex raises cement price 5% in Mexico12 June 2018, Published under Cement NewsCemex has increased the price of cement in Mexico by five per cent last week, making it the second price rise by the company this year. The increase applies to national sales of bagged cement. The increase applies from 4 June and the company has said the price is part of its programme to supply “value over volume” and to set “realistic cement prices. In January the company carried out a 10-12 per cent increase in prices for both bagged and bulk cement as well as raising prices for read... |