Cement News tagged under: corporate
Cementos Pacasmayo announces 13% revenue increase in 1Q1825 April 2018, Published under Cement NewsCementos Pacasmayo SAA has announced a 12.8 per cent YoY increase in revenue in the first quarter of the year, rising to PEN315.3m (US$97.58m) from PEN279.5m. The positive result has been partially attributed to a 7.8 per cent increase in sales volume of cement, concrete and blocks. The company also recorded a 37.3 per cent surge in net income to PEN29.8m. Cement EBITDA advanced 13 per cent to PEN94.7m, while the EBITDA margin of the sector remained consistent at 30 per cent. “Pacasmayo... |
McInnis Cement can transport more cement by rail25 April 2018, Published under Cement NewsThe number of rail wagons transported by McInnis Cement across the Cascapedia bridges in Richmond may be increased, according to Radio Gaspésie. A recent review of the ultrasonic structure has shown that the bearing capacity of the bridges is higher than was estimated. The Canadian Department of Transport will allow McInnis Cement to increase the number of wagons that can cross from 10 to 25 per week. Although CAD100m (US$78m) investment was announced to overhaul the railway system al... |
Grinding plant and quay berths acquired by CK Infrastructure Holdings25 April 2018, Published under Cement NewsCheung Kong Infrastructure Holdings has acquired a cement grinding station and three quay berths in Yun Fu city in Guangdong province, China, at CNY180m (US$28.5m). The agreement was made for the purchase with Chuang Dong Chemical Ltd. The facility covers an area of 68,000m 2 and it has cement grinding capacity of 1Mta. The three berths handle an average 3Mta, CKI said. CKI;s subsidiary Green Island Cement (Yunfu) will own the new assets and clinker produced by Green Island Cement in Hong ... |
Breedon appoint deputy chairman25 April 2018, Published under Cement NewsBreedon Group plc, the UK's largest independent construction materials group, has appointed Amit Bhatia as non-executive deputy chairman, with immediate effect. Amit joined Breedon’s Board as a non-executive director in August 2016, following the group's acquisition of Hope Construction Materials Ltd. Amitis a Director of Abicad Holding Ltd, a shareholder in Breedon, and Vice Chairman of Queens Park Rangers FC. |
Carthage Cement records 25% revenue increase24 April 2018, Published under Cement NewsTunisia’s Carthage Cement Co has posted a 25 per cent YoY increase in revenue for the 1Q18, according to the African Manager. This result was achieved despite a halt in production from 15 March for a month, due to a dispute between the subcontracting company (NLS) and a group of workers. Elsewhere, the company's clinker production increased 126 per cent YoY during the period. This has been attributed to the realisation of its first clinker export contract, which it expects to execute by t... |
Gharibwal Cement's profit falls in 9MFY1824 April 2018, Published under Cement NewsPakistan's Gharibwal Cement reported a net profit fall in 9MFY18 ended March 2018 to PKR1bn (US$8.6bn) from PKR1.70bn, (US$9.22m) earned in the same period of last financial year. Net sales increased to PKR8.51bn from PKR8.37bn during this period. GCL incurred a distribution cost of PKR17.5m against PKR20m in year ago period. The administrative expenses stood at PKR276m compared to PKR243m in nine months of last year. The company has a cement production capacity of 2.1Mta in Punjab. |
ArcelorMittal increases Ecocem stake24 April 2018, Published under Cement NewsSteelmaker ArcelorMittal has increased its shareholding in Ecocem France. By the end of May, ArcelorMittal will hold a 49 per cent stake in the cement company, compared to 30 per cent to date. The joint venture Ecocem France was created in 2007 by ArcelorMittal and the Irish group Ecocem Materials to develop the production of granulated blast furnace slag (GGBS), a by-product of steel manufacture by ArcelorMittal in France. Ecocem France currently operates a 0.7Mta ground slag productio... |
Holcim Philippines appoints John Stull as CEO24 April 2018, Published under Cement NewsHolcim Philippines has appointed John Stull, the former chief of LafargeHolcim’s US cement operations, as its new president and CEO with immediate effect. Mr Stull will be replacing Sapna Sood, who recently resigned from her role, according to the company. "I am delighted to join Holcim Philippines at this exciting but challenging time. As the market adapts and becomes faster paced, the company needs to be well positioned to play a key role in the future development of the country with in... |
Dangote announces CEO and Board appointments24 April 2018, Published under Cement NewsJoe Makoju has been appointed Dangote Cement's Group Chief Executive, having taken on the role in an acting capacity at the beginning of the year. He has worked in several world-class corporations including Shell, BP, Blue Circle (UK) and WAPCO. Cherie Blair and Sir Michael (Mick) Davis have been appointed to the Board of Dangote Cement as Independent Non-Executive Directors. Cherie Blair CBE, QC, is a leading international lawyer, arbitrator and mediator, a former judge and a committed ca... |
Arabian Cement announces net loss in 1Q1824 April 2018, Published under Cement NewsArabian Cement has announced a 106 per cent YoY decline in net profit for the first quarter of the year, falling from SAR100.7m (US$26.85m) to a loss of SAR6.1m, according to Reuters. The Saudi Arabian cement company also recorded a 26.6 per cent fall in net sales to SAR199.7m, compared with SAR272.1m of the year-ago period. |