Cement News tagged under: corporate
New 7500tpd line planned for Haripur09 January 2018, Published under Cement NewsPakistan Army's affiliated department Frontier Works Organization (FWO) plans to set up 7500tpd production line at Bandi Muneem, Haripur KPK, Pakistan. The organisation added that the department is in the process to appoint a consultant to render consultancy services for the proposed project. FWO is a major civil engineering construction company of Pakistan, which is expected to use the output of the plant for its own use and for distribution in the local market. Pakistan's ... |
Hsing Ta Cement reports 24% revenue rise in 201709 January 2018, Published under Cement NewsTaiwan-based Hsing Ta Cement has reported a 13.1 per cent rise in December revenues to TWD581.701m (US$19.64m) from TWD514.449m, according to the Taiwan Stock Exchange. For the full year, revenues increased 23.7 per cent from TWD4.346bn in 2016 to TWD5.376bn in 2017. |
GICA announces production record for 201709 January 2018, Published under Cement NewsAlgeria’s Groupe Industriel des Ciments d’Algérie (GICA) announced a production record of 13,950,660t in 2017. This reflects an 11 per cent rise in output when compared with 12,604,0045t reported in 2016. The sharp increase in production was attributed to the commissioning of the second line at Aïn El Kebira (Sétif) in 1Q17. GICA is expected to increase its production capacity to 20Mta by 2020. Total Algerian production capacity is forecast at 40.6Mta in 2020, including 11.1Mta instal... |
Dalmia Bharat Cement launches new product09 January 2018, Published under Cement NewsDalmia Bharat Cement has launched a new product, Dalmia DSP. The new cement is a premium-quality slag cement designed for the Dhalai process. It has been formulated for life-long stability and features a best-in-class one-day (+15MPa) and 28-day (+56MPa) strength, according to the Dalmia Cement website. To promote this new product, the company released a new advertising campaign featuring a humanoid robot. The campaign has been designed to make the science of the cement industry more ende... |
Lafarge completes Holcim shares acquisition09 January 2018, Published under Cement NewsLafarge Surma Cement Ltd (LSCL) has completed the required documents to transfer the shares of Holcim Bangladesh Ltd (HBL) to LafargeHolcim Bangladesh Ltd. The step was part of the acquisition of HBL at a price set by the Bangladesh Bank, which announced a price of BDT5.05bn (US$60.8m) on 24 December 2017. |
McInnis Cement could be up for sale08 January 2018, Published under Cement NewsA Canadian pension fund has hired advisers to explore the possible sale or partial sale of McInnis Cement, reports Bloomberg. Caisse de Depot et Placement du Québec and its partners have hired advisers to explore options to sell part or all of McInnis Cement. McInnis Cement project was the first new cement plant to serve eastern Canada and New England in more than 50 years when it opened last year. McInnis Cement has a deep-water marine terminal next to the 2.2Mta Port-Daniel-Gascons... |
Sagar Cement sees 65% sales increase08 January 2018, Published under Cement NewsSagar Cement (SCL) saw a 65 per cent rise in sales in December 2017 as the India-based company reported sales of 254,348Mt, compared with the year-ago period. The advance in sales volumes was from a low base, formed in December 2016 on the back of demonetisation. In addition, a robust offtake in key markets such as Andhra Pradesh and Telangana, which account for 45 per cent of the company’s sales, have offset muted demand from other states such as Karnataka, Kerala, Maharashtra and Tamil ... |
Cemex Colombia to pay SIC fine, object via litigation08 January 2018, Published under Cement NewsCemex Colombia announced that it proceeds to pay the value of the fine imposed by the country's Superintendency of Industry and Commerce (SIC) in September 2013, amounting to the sum of US$25.3m. The investigation is in line with Resolution 81391 of 11 December 2017 which saw the SIC fine Cemex Colombia, along with Cementos Argos and Holcim Colombia) and to six individuals for price fixing of grey cement in the national market. The company decided not to file an appeal for reversal ag... |
Deadline for bidding on Binani Cement extended08 January 2018, Published under Cement NewsThe deadline for bidding on Binani Cement, which is currently undergoing the bankruptcy process, has been extended until 15 January 2018, reports DNA India. The Rajasthan-based company has attracted a large number of bids and is taking potential investors to visit its plant in Dubai. The company owes banks approximately INR40bn (US$631m) with the total amount owed to lenders reaching about INR70bn. Although, due to the heightened interest in the company, banks are expecting to achieve ov... |
Lafarge Africa to sell SA unit?05 January 2018, Published under Cement NewsLafarge Africa could put up its South African unit for sale, according to analysts at Exotix Capital. Proceeds of the sale could then be used to strategically shore up and stabilise the company’s Nigerian business, kickstarting the region’s merger and acquisition activity. The South African cement sector has become increasingly competitive while in the rest of Africa, PPC, Lafarge, Dangote, Bamburi and Twiga Cement are seen consolidating their markets. In addition, Chinese investors have ... |