Cement News tagged under: corporate
ANCAP has stocks for four days23 April 2018, Published under Cement NewsThe cement plant owned by ANCAP in Minas, Uruguay, has only four days of stocks left, reports Esmerk Latin American News. Production was halted in February by the union on grounds that there was insufficient personnel on the ground. ANCAP’s cement division generated a loss of US$12.3m in 2017, down from a loss of US$27m the previous year. Although ANCAP still holds on to an important market share in Uruguay, it is facing growing competition from Cementos Artigas and imported cement. T... |
Prism Cement changes name to Prism Johnson23 April 2018, Published under Cement NewsIndia’s Prism Cement Ltd has changed its name to Prism Johnson Ltd, effective from 18 April 2018. ''To dispel the perception that Prism Cement Limited […] is only a cement company, the name of the company has been changed to Prism Johnson. Prism Johnson is one of India's leading integrated building materials company and the new name reflects the product range and magnitude of operations of the company,'' said Vijay Aggarwal, managing director of the company. |
ACC announces 19% net profit increase in 1Q1820 April 2018, Published under Cement NewsIndia's ACC has announced a 19 per cent YoY increase in net profit to INR2.5bn (US$38m) for the 1Q18. The company has attributed this positive performance to increased volumes and net sales, despite rising costs, according to The Economic Times. EBITDA rose 18 per cent to INR4.92bn, while net sales surged 14 per cent to INR35.57bn. "A rise in energy slag prices adversely impacted operating costs during the current quarter as compared to the same quarter a year ago," said the company in a... |
Cementir appoint Board of Directors for 2018-2020 April 2018, Published under Cement NewsCementir's recent shareholders' meeting appointed the Board of Directors for the three-year period 2018-20. Francesco Caltagirone (Chairman), Alessandro Caltagirone, Azzurra Caltagirone, Edoardo Caltagirone, Saverio Caltagirone, Carlo Carlevaris, Fabio Corsico, Mario Delfini, Veronica De Romanis, Paolo Di Benedetto, Chiara Mancini, Roberta Neri, were elected from the majority slate submitted by Calt 2004 Srl, owner of 30.078 per cent of the company's share capital. Adriana Lamberto Florist... |
LafargeHolcim appoints new Head of HR20 April 2018, Published under Cement NewsLafargeHolcim has appointed Feliciano González Muñoz as the new Head of Human Resources, effective from 1 May 2018. Mr Muñoz will succeed Caroline Luscombe, who has decided to pursue opportunities outside of the company, according to the press release. The Head of HR will not be a member of the executive committee, bringing it down to eight members. Mr Muñoz is currently HR Director for the Europe sector of the business, and has worked within LafargeHolcim for over 11 years. Felician... |
UltraTech commissions new plant in Manawar19 April 2018, Published under Cement NewsUltraTech has commissioned its greenfield facility in Manawar, Madhya Pradesh, with a 2.5Mta clinker capacity. The plant has reached this stage in under a year, which is record time for a plant of this capacity, according to the press release. The kiln is designed for multi-fuel and alternative fuel usage. Alongside the kiln, the company has commissioned a 1.75Mta grinding unit and an auto-loading facility. The new plant is located in southwest Madhya Pradesh, with no other manufacturing u... |
Qassim Cement records fall in net profit for 1Q1819 April 2018, Published under Cement NewsSaudi Arabia’s Qassim Cement Co has announced a 28.7 per cent YoY fall in net profit for the 1Q18, decreasing to SAR57.2m (US$15.25m) from SAR80.2m. Total sales of the company dropped 22.6 per cent to SAR147.9m, compared with SAR191.1m of the year-ago period. Elsewhere, EFG Hermes has forecast that Arabian Cement Co will post a SAR57.6m net profit for the first quarter of 2018. While Eastern Province Cement Co has been predicted to record a SAR32.27m net profit, according to the investment ... |
Fauji Cement Pakistan profits increase in 3QFY1818 April 2018, Published under Cement NewsFauji Cement Company Ltd (FCCL) saw a 28 per cent YoY increase in net profit to PKR854m (US$7.3m) in 3QFY18 from PKR669m, earned in same quarter last year, according the company's filing to the Pakistan Stock Exchange (PSX). Revenues remained flat at PKR5.6bn, as lower retention prices diluted the impact of growth of 11 per cent in local dispatches and 99 per cent YoY in exports. However, cost of sales came down significantly by nine per cent YoY, due to a reduction in clinker purchases af... |
Phinma Corp will bring panamax vessels to Mariveles Terminal18 April 2018, Published under Cement NewsThe Phinma group will invest PHP500-700m (US$9.5-13.4m) on its Bataan cement terminal in Philippines. The Mariveles cement terminal will be ideal for large panamax vessels and is set from completion in May 2019. "In the meantime, we're already beginning to import," said Phinma Corporation president and CEO, Ramon Del Rosario Jr. "I think we already brought in the first four shipments of two million bags." The aim is to supply only the domestic market at this stage. "Initially, that's ... |
Pakistan's Popular Group has reportedly purchased Dadabhoy Cement18 April 2018, Published under Cement NewsPakistan’s Popular Group of Industries has reportedly purchased Dadabhoy Cement Industries Ltd. The company’s plant in Dadu District, Sindh Province, has been closed for several years following the alleged default of local financial institutions. Although the sale is yet to be made public, local news reports suggest that Popular Group has started refurbishing the plant. Dadabhoy Cement had previously announced that it was in negotiation with potential buyers in its 2017 annual report. Follo... |