Cement News tagged under: corporate
LafargeHolcim acquires Kendall Group26 February 2018, Published under Cement NewsLafargeHolcim has acquired UK-based aggregates and ready-mix concrete manufacturer Kendall Group to expand its operations in the south of England. Kendall will be managed by Aggregate Industries and complement the company’s existing operations in the UK, according to LafargeHolcim. Kendall generated a net revenue of CHF33m (US$35.2m) in 2017 and marks the first deal of the year for LafargeHolcim. |
CMS sees 27% rise in earnings23 February 2018, Published under Cement NewsCahya Mata Sarawak Bhd (CMS), Malaysia, saw its earnings rise 27.2 per cent to MYR215.2m (US$55m) in the financial year ended 31 December 2017 from MYR169.2m in 2016 although earnings in 4Q17 were lower. Earnings related to the company’s four divisions: cement, construction and road maintenance, cosntruction materials and trading, and property development. Total revenues in 2017 increased by 3.6 per cent YOY to MYR1.6bn from MYR1.55bn. CMS also recorded a higher share of profit of MYR... |
Fecto Cement plans greenfield project23 February 2018, Published under Cement NewsPakistan-based Fecto Cement Ltd has announced plans to construct a 6000tpd greenfield plant and a 9MW waste heat recovery (WHR) power plant in Palai, Khyber Pakhtunkhwa. The decision to expand was undertaken following the receipt of an exploration licence for limestone mining and to meet the growth in cement demand. Elsewhere the company modified its Sangjani plant by replacing coal dosing equipment and the motors of both induced draught fans, which increased clinker production to 2760tpd... |
Plans for new Jajpur plant result in protests23 February 2018, Published under Cement NewsRamco Cement Ltd’s plans to establish a new cement plant in Jajpur district, Odisha, India, have resulted in 1500 local villagers organising a protest. The villagers demanded that the project be stopped, according to The Pioneer. "Most of the residents of Haridaspur, Sundaria, Neulaur, Thanual, Arua, Gangdharpur, Palara, Dankari and other villages are poor farmers. They have been eking out their livelihoods by cultivating paddy and other crops. Their paddy fields will be destroyed by the ... |
Jabu Moleketi nominated for PPC chairman23 February 2018, Published under Cement NewsSouth Africa’s PPC has received nominations for Jabu Moleketi for the position of chairman of the board to succeed Peter Nelson as it aims to “strengthen the board with its strategic priorities,” said the company in a statement. Mr Moleketi is currently chairman of Vodacom Group and has served on numerous boards such as the Development Bank of Southern Africa, Brait SE, Remgro, Nedbank Group and MMI Holdings. The company said the nomination will be evaluated and appointments in due co... |
FANCESA considering new mill near Paraguay border22 February 2018, Published under Cement NewsBolivia’s FANCESA is planning a new mill and bagging facility near the border with Paraguay, and is in discussions with an undisclosed Paraguayan company. “From that meeting we will be able to establish a cement grinding and distribution facility 500km from Santa Cruz and 300km from Paraguay,” Eduardo Rivero, FANCESA’s president. The new facility is expected to represent an investment of US$16m, shared between the two companies in the partnership. The other firm will manage the marke... |
Holcim Philippines CEO says policies will help women to get to the top22 February 2018, Published under Cement NewsHolcim Philippines' CEO, Sapna Sood, says that by 2030 she hopes women will account for roughly a third of the company's total number of employees. Ms Sood is calling for greater diversity in the company that is associated mainly with men. On the senior level, Holcim Philippines' workforce is 32 per cent female. "What we're doing in order to enhance the participation of females in the company first of all it's about policies, having the right policies, having the right infrastructure so... |
Limak's 0.7Mta Matola plant inaugurated22 February 2018, Published under Cement NewsMozambican President Filipe Nyusi inaugurated Limak Cement Group’s new cement plant in Matola on 21 February 2018. The new plant has a 0.7Mta capacity and will employ over 140 people, mostly Mozambicans. President Nyusi said he expected the new factory “to contribute to stabilising prices in a scenario of high levels of demand for cement. “This prospect strengthens our conviction that our dream of building national infrastructures using exclusively cement produced in Mozambique ca... |
Bestway Cement announces 13% net profit fall22 February 2018, Published under Cement NewsPakistan’s Bestway Cement Ltd has announced a net profit of PKR6.19bn (US$55.9m) in the 1HFY18 period, representing a 12.8 per cent fall from the year-ago period. The decrease in profit has been attributed to the rising cost of sales. While net sale increased to PKR38.44bn from PKR35.35bn, costs also advanced to PKR16.55bn (1HFY17: PKR14.03bn). The company reported an administrative expense of PKR1.15bn, compared to PKR1.13bn of the 1HFY17. |
LafargeHolcim's Ambuja Cement to build new 3.1Mta Rajasthan plant21 February 2018, Published under Cement NewsLafargeHolcim will strengthen its presence in India with the construction of a new cement plant in Marwar Mundawa, in the state of Rajasthan. The CHF200m (US$213.4m) investment will serve customers in the north, including Delhi. The new plant, which is being set up by the group’s subsidiary Ambuja Cement will have a clinker capacity of 3.1Mta and is due for commissioning in the second half of 2020. Jan Jenisch, group CEO of LafargeHolcim, said: "India is the second-biggest global cement ... |