Cement News tagged under: corporate
Battambang Conch Cement inaugurates plant in Cambodia01 June 2018, Published under Cement NewsThe Battambang Conch Cement Co Ltd inaugurated its US$230m plant in Battambang province, Cambodia, on Thursday. The facility was constructed within 18 months and is expected to have a total production capacity of 5000tpd, according to the Phnom Penh Post. "Our cement factory, together with others in the industry, can supply the market’s needs and compete with imported cement on quality and price," said Vinh Hour, company CEO. While cement currently costs US$90/t, Mr Hour was optimist... |
Tokyo Cement suffers LKR285m loss01 June 2018, Published under Cement NewsSri Lanka's Tokyo Cement Co (Lanka) Plc has reported a LKR285m (US$1.79m) loss in the March 2018 quarter compared with a profit of LKR911m a year ago. Group sales fell two per cent to LKR8.8bn over the period, according to interim accounts filed with the stock exchange. In the year to 31 March 2018, Tokyo Cement made a net profit of LKR2.27bn although sales were down one per cent to LKR36bn. |
Caribbean Cement signs two loan agreements with Cemex España01 June 2018, Published under Cement NewsCaribbean Cement Co Ltd has signed two loan agreements valued at US$102m with Cemex España, which will be used for the repurchase of assets at its Rockfort facility. The loans will be mainly used to acquire kiln five and mill five, according to The Gleaner. The assets will be acquired from the company’s immediate parent, Trinidad Cement Ltd. "The remainder, if any, will be used for general corporate purposes," said Caribbean Cement in a market filing. Cemex SAB de CV, parent of Cemex Espa... |
Attock Cement seeks gypsum/laterite supplier01 June 2018, Published under Cement NewsAttock Cement Pakistan Ltd (ACPL) has invited a tender for the bulk supply of gypsum and laterite in 2018-19. According to the company announcement, offers are invited for the supply of approximately 120,000t of gypsum and 120,000t of laterite between July 2018-June 2019 at its cement plant located at Hub Chowki, Lasbela, Balochistan. Bids are due on 21 June 2018. Sales review 9MFY18 In the first nine months of the 2017-18 financial year, the company's overall cement dispatches of comp... |
Lafarge Czech Republic plans to invest CZK100m in upgrades31 May 2018, Published under Cement NewsLafarge Czech Republic has announced that it plans to invest CZK100m (US$4.54m) in plant upgrades. Half of the total amount has already been used in the reconstruction of the chimney flue gas filter into a more modern version which is 20 times more efficient, according to the press release. The company also plans to invest CZK40m in technology for storing, handling and dispensing alternative fuels into the clinker firing system. Furthermore, the cement plant is expected to improve noise em... |
National Cement Co makes net loss of EGP744m before tax31 May 2018, Published under Cement NewsNational Cement Co of Egypt recorded a net loss of EGP744m (US$41.5m) before taxes during the first nine months of fiscal year 2017-18, compared to a loss of EGP615.6m in fiscal year 2016-17. The company's financial indicators showed a total loss of EGP486.1m during the same period of the current fiscal year, compared to EGP422.9m in the nine months of the previous year. The company attributed the loss to production difficulties and the poor condition of the kiln. Meanwhile, the A... |
Dangote Cement begins new Management Trainee Programme31 May 2018, Published under Cement NewsDangote Cement Plc has begun the training of its newly-hired managers, who were inaugurated at the weekend at the Dangote Academy Ikeja, Lagos. They are being trained under a new scheme, the Management Trainees Programme (MTP). The Group Managing Director of Dangote Cement Plc, Joseph Makoju, said the management scheme was "to sustain our exponential growth, competitiveness and market leadership". "We are committed to attract top talents into our business for our current and future business... |
Orient Cement terminates agreement with Jaypee Group firms31 May 2018, Published under Cement NewsIndia’s Orient Cement has terminated the agreement to acquire two assets, Bhilai Jaypee Cement Ltd and the Nigrie cement grinding unit, from Jaypee Group firms for a total investment of INR19.46bn (US$288.23m), according to the Hindu Business Line. Orient Cement had signed a share purchase agreement (SPA) with Jaiprakash Associates Ltd (JAL) for 74 per cent equity shares of Bhilai Jaypee Cement. Furthermore, the company had signed a business transfer agreement (BTA) with Jaiprakash Power V... |
Meghna Group joins WCA31 May 2018, Published under Cement NewsThe World Cement Association (WCA) welcomes Meghna Group of Industries, Unique Cement Industries Ltd, to its international membership. The company is one of Bangladesh's biggest conglomerates and will join as a Corporate Member. The association now boasts a network of 66 members and representatives that cover 36 countries. "We are delighted that an important player in the rapidly expanding Bangladeshi cement industry is joining our global network," said Norman Greig, WCA secretary general.... |
CRH to create new global Building Products division31 May 2018, Published under Cement NewsCRH plc will establish a new global Building Products division from 1 January 2019, bringing together its Europe Lightside, Europe Distribution and Americas Products divisions. Under the leadership of Keith Haas (currently President, Americas Products), this new platform will operate alongside our Americas Materials and Europe Materials divisions, leveraging CRH's scale and network opportunities across the company's global products businesses, CRH stated. David Dillon (currently President... |