Cement News tagged under: corporate
Cruz Azul partially closes Tula plant07 February 2018, Published under Cement NewsCruz Azul is partially closing its Tula plant in Hidalgo, Mexico, as it lacks current environmental authorisation for the operation of its plant. Staff of the Federal Procuracy for Environmental Protection (Profepa) carried out an inspection of the plant and when verifying documents, it was found that the plant did not have a current authorisation of the Environmental and Natural Resources Secretariat (Semarnat). As a precautionary measure the construction and operation of Raw Mill No... |
PPC records sales growth06 February 2018, Published under Cement NewsPPC reported that it has seen its sales volume grow by over 20 per cent YoY in Rwanda and Zimbabwe, for the nine-month period ended 31 December 2017. Assisted by stable pricing and a positive export performance, volumes increased by 20-30 per cent YoY in Rwanda. Similarly, its Zimbabwean operations registered an uptake of 30-40 per cent when compared to the year-ago period. However, PPC estimates that overall cement demand in South Africa declined by 3-4 per cent in the full-year 2017. ... |
Lafarge to invest millions in Val d’Azergues plant06 February 2018, Published under Cement NewsLafarge announced that it will invest several million euros in upgrading its Val d’Azergues plant, France, over the next three years. During the winter technical shutdown, the plant will carry out several maintenance procedures, particularly on the kiln’s bag filter. It will also renovate the preheater and is reported to be changing its cooler. In addition, the company seeks to improve the environmental performance of the site. The Val d’Azergues plant produces sulphate-resistant ceme... |
JK Cement reports 10% increase in net profit05 February 2018, Published under Cement NewsJK Cement has reported a 9.77 per cent YoY increase in net profit for the quarter ending 31 December 2017. This translates to a total of INR7.2bn (US$112.2m), compared to INR6.64bn seen in the year-ago period. Net revenue grew by 26.84 per cent in the 3QFY18, finishing at INR112bn (3QFY17: INR88.7bn). However, the company’s operating expenses also rose 29.24 per cent in the Oct-Dec 2017 quarter to INR95.5bn, when compared with INR73.9bn of the previous year’s quarter. Elsewhere, JK Ce... |
Danish investors and FLSmidth buy into Power Cement05 February 2018, Published under Cement NewsA joint venture of foreign investors IFU (Danish Investment Fund for Developing Countries), IIP (IFU Investment Partners) and FLSmidth have reportedly purchased over 100m shares in Power Cement Ltd (PCL) and its undertaking, situated at DehKaloKohar, Nooriabad Industrial Estate, District Dadu (Sindh), Pakistan. PCL has informed the Pakistan Stock Exchange (PSX) last week that that the subscription amount (in euros) has been received against 104,658,670 ordinary shares by way of allotmen... |
Cimburkina lays first stone of second Kossodo mill05 February 2018, Published under Cement NewsHeidelbergCement-owned Cimburkina has officially laid the first stone of its second mill at its Kossodo plant in Ouagadougou, Burkina Faso, on 1 February. The 150tph mill will lift capacity at the site to 2Mta and represents an investment of XOF15bn (US$28.5m). The project will also see the construction of a 2000t silo and a new bagging line. |
Sharjah Cement FY17 net profit up 2%05 February 2018, Published under Cement NewsSharjah Cement saw net profit edge up 1.6 per cent to AED65m (US$17.7m) in 2017 from AED64m a year ago, according to Reuters. Revenues of the UAE cement producer rose 6.2 per cent from AED612m in 2016 to AED650m last year. |
New Honduras plant for Cementos Argos02 February 2018, Published under Cement NewsCementos Argos has announced plans to build a new cement plant in Choloma, Honduras. The new grinding centre, with a production capacity of 0.44Mta, is expected to be commissioned by the end of the year. "We chose this location because it is an industrial municipality and that facilitates the arrival of new investments," said Gustavo Uribe, general manager of Argos Honduras. Cementos Argos plans to invest around HNL500m (US$21.2m) and boost production capacity by 30 ... |
Dewan Cement to sell controlling shares of two plants01 February 2018, Published under Cement NewsDewan Cement Ltd is reportedly in talks with Karachi-based Mega Conglomerate Ltd to sell its controlling shares in two plants based in Dhabeji, Sindh and Hattar Industrial Estate, Khyber Pakhtunkhwa. The two facilities have a combined capacity of 2.89Mta. BMA Capital has been appointed as the manager of the deal, overseeing the acquisition of 87.5 per cent of total shares from Dewan Cement. While 75 per cent of the controlling shares will be from major shareholders, the remainder will b... |
Confidence Cement plans new Palash plant01 February 2018, Published under Cement NewsConfidence Cement Ltd (CCL) has informed Dhaka Stock Exchange (DSE) on 31 Janusary that its Board of Directors has decided to invest a second cement plant with a capacity of 5000tpd to be named as Confidence Cement Dhaka Ltd and will be located at Palash, Narshingdi, Dhaka. Confidence Cement will have 50 per cent shareholding in Confidence Cement Dhaka Ltd and rest by other investors. The Company has also informed that the Board of Directors have agreed to invest in the new Power Plan... |