Cement News tagged under: corporate
Quinn Industrial Holdings records positive 201712 April 2018, Published under Cement NewsQuinn Industrial Holdings (QIH) has recorded a 7.4 per cent YoY increase in turnover to EUR209m for the full-year 2017 period. EBITDA saw a significant improvement of 31 per cent, from EUR18.2m to EUR23.9m. The positive results have been partly attributed to a strong performance from Quinn Building Products, which benefitted from the ongoing building recovery in the ROI and stronger exports to the UK via its new cement export hub at Warrenpoint, according to a press release. Liam McCa... |
Cemex Go is launched in the UK12 April 2018, Published under Cement NewsCemex UK has introduced the first fully-digital customer integration platform onto the UK construction and building market this week, which it claims will revolutionise the way in which the industry does business. Cemex Go uses the latest digital-industrial technology available through desktops and mobile devices to allow customers to place orders, track shipments, manage invoices and make payments for Cemex's building products including bagged and bulk cement, ready-mixed concrete and agg... |
Dan Harrington to Head Cementir North America12 April 2018, Published under Cement NewsDaniel Harrington will be heading up Cementir Holding’s Region North America following the company’s acquisition of Lehigh White Company. The newly-formed Region North America consists of the North American cement production and distribution operations of Lehigh White Ceemnt and the group’s existing US concrete products company, Vianini Pice Inc. Mr Harrington previously served as President and CEO of Lehigh Hanson North America where he guided the building materials giant through 201... |
Lafarge Africa records sales increase in 201711 April 2018, Published under Cement NewsA NGN33bn (US$105m) write-down on Lafarge Africa’s operations in South Africa and Nigeria resulted in a wider loss for 2017, according to Reuters. The one-off impairment charge resulted in a pretax loss of NGN34.03bn, a 32.9 per cent fall from the loss of the previous year. However, the company’s chief financial officer, Bruno Bayet, said that he expected 2018 to bring growth and that Lafarge Africa’s sales rose 36 per cent last year. "The operations in Nigeria are still very robust and w... |
FiCo Tay Ninh Cement to begin constructing second line11 April 2018, Published under Cement NewsFiCo Tay Ninh Cement JSC (TAFiCO) will commence construction of the second line at its plant in Tanh Hoa, Tay Ninh province, on 15 April. The project represents a total investment of VND4800bn (US$210.6m) and will use European equipment. The kiln has been designed with a 4000tpd clinker capacity, which can be upgraded to 5000tpd in the future. The project is scheduled for completion in 2020. |
Dangote lured by coal reserves in Zimbabwe11 April 2018, Published under Cement NewsNigerian billionaire Aliko Dangote has renewed interest in pursuing his US$1.5bn investment in Zimbabwe, according to Naija 247 News. An advance team of geologists have been sent to Zimbabwe for 10 days to locate and survey potential coal deposits. The delegation is expected to meet President Mnangagwa and Mines and Mining Development Minister, Winston Chitando. Dangote is importing coal from Zimbabwe for its cement industry needs. Dangote Industries local representative, Josie Mahach... |
OJSC Holcim (Azerbaijan) records net profit in 201710 April 2018, Published under Cement NewsOJSC Holcim (Azerbaijan) returned to profit within the full-year 2017 period, recording a net profit of AZN1.7m (US$1m). The proceeds from cement sales increased 37.1 per cent YoY, to AZN107m from AZN77.9m. Furthermore, the operating profit of the company tripled to AZN15.8m, according to Turan Information Agency. The shareholders have not decided on the profit distribution. As of 1 January 2018, the company has AZN87.8m of undistributed profit. |
Zambia to receive new 1Mta cement plant10 April 2018, Published under Cement NewsWeye Construction Materials Ltd (WCM) plans to establish cement and quarry in Chilanga district, Zambia, at a cost of US$45m. The new plant will have a cement capacity of 1Mta, while teh limestone quarry is expected to have a lifespan of more than 20 years, according to an environmental impact assessment (EIA) report submitted to Zambia Environmental Management Agency (ZEMA) by WCM. WCM is ready to implement the proposed project as soon as all the approval requirements are met with ZEMA an... |
PPC considers expansion and possible sell-off in DR Congo09 April 2018, Published under Cement NewsPPC Ltd's Chief Executive Officer, Johann Claassen, has vowed to boost liquidity and extend debt maturity and he's eyeing future expansion for the company in east and west Africa. New investment would follow a ZAR12bn (US$995m) outlay on five plants in the past five years, which took PPC into countries such as Ethiopia and the Democratic Republic of Congo. All are now in operation and generating cash, said Mr Claassen, allowing the company to consider new facilities. "We had to ste... |
Qassim Cement receives export licence06 April 2018, Published under Cement NewsQassim Cement Co has received a one-year export licence from Saudi Arabia’s Ministry of Commerce and Investment, said the company in a bourse filing. Saudi Arabia cancelled cement export duties from 1 February 2018. In March Yanbu Cement announced it will begin cement and clinker exports this month following the agreement to export 1Mt of clinker and 0.5Mt of cement. |