Cement News tagged under: corporate
HeidelbergCement on path to consolidate Italian market05 January 2018, Published under Cement NewsHeidelbergCement's acquisition of Cementir Italy via its Italcementi subsidiary will make HeidelbergCement the Italian leader with a combined market share of around 38 per cent, ahead of Buzzi Unicem with 22.5 per cent, according to CIM-CIC Market Solutions. The research house also reports that the antitrust authority analysed the combined positions of the two entities (Italcementi and Cementir Italia) in eight commercial regions: Arquata (AL), Cagnano, Maddaloni, Spoletto, Tarante, Tar... |
Summits appoint a new COO05 January 2018, Published under Cement NewsKarl H Watson Jr has been appointed Executive Vice President and Chief Operating Officer of Summit Materials,Inc, succeeding Douglas C Rauh. Tom Hill, CEO of Summit, stated: "We are very pleased to have Karl join Summit. I have known him for years and his depth and breadth of experience in our industry will add impactful leadership to our already strong team. I am confident that Karl will make a great partner as we strengthen Summit for our next phase of growth." Mr Watson said: "I am... |
Lafarge Malaysia to step up cost and efficiency drive04 January 2018, Published under Cement NewsFollowing its MYR135m net loss for 9MFY17, Lafarge Malaysia confirmed it will pursue ongoing strategic initiatives to achieve profitability in the near term, according to Focus Malaysia. The company expects to optimise its costs as it plans to source petcoke directly from the Middle East, which is forecast to lead to savings of 5-10 per cent. The current modernisation project at its Rawang works is also expected to contribute to the cement producer’s drive to optimise its assets as it... |
Domicem appoints new CEO04 January 2018, Published under Cement NewsColacem-owned Domicem has appointed Adriano Brunetti as its new CEO as part of the company’s drive to transform into a sustainable cement producer in the Dominican Republic. Mr Brunetti has worked for more than 25 years in Grupo Financo. Sergio Nin Maura, commercial director at Domicem, commented on the appointment: "The appointment of our new director represents a very important step for the entity, since we entrust him with the task of carrying on his shoulders the heaviest burden to ac... |
Italcementi completes Cementir Italia acquisition03 January 2018, Published under Cement NewsHeidelbergCement subsidiary Italcementi has completed the acquisition of Cementir Italia. All conditions for the closing of the transaction have been fulfilled following the approval by the Italian competition authority. "With the acquisition of Cementir Italia we significantly improve our nationwide presence in Italy," explains Dr Bernd Scheifele, chairman of the Managing Board of HeidelbergCement. "For Italcementi, the acquisition is a unique opportunity to grow and consolidate its posi... |
CRH completes US distribution operation divestment03 January 2018, Published under Cement NewsCRH plc reached an agreement to divest its Americas Distribution business for a total cash consideration of US$2.63bn on 24 August 2017, and the company has announced today that this transaction is now complete. The company said the price achieved from the sale of its US distribution operation to Beacon Roofing Supply represents 16 times earnings before interest, tax, depreciation and amortisation. A note by Dublin-based brokers Davy said in August that CRH’s disposal of its US distributio... |
Timothy Kuebler becomes country manager of Giant03 January 2018, Published under Cement NewsTimothy Kuebler has joined Elementia as the country manager of Giant, reporting to the cement division. Mr Kuebler has more than 30 years of experience in the cement industry. His previous position was as senior vice president for Titan (cement and aggregates). Additionally, Mr Kuebler has worked for Lehigh Cement Company as vice president of sales and marketing in the USA and Canada and he has collaborated with Builders Concrete and Titan Florida Materials companies where he served as vi... |
Jammu and Kashmir Cement's Samba plant still not fully operational03 January 2018, Published under Cement NewsJammu and Kashmir Cements Ltd's (JKCL) Samba grinding and packaging unit, which was commissioned in September 2015, is still not fully operational. Output was recorded at just five per cent of its performance guarantee during a recent test, claims the Daily Excelsior. Initial construction of the 300tpd factory, which was overseen by India-based Ashoka Gears on a turnkey basis, was completed two years later the planned opening January 2013, resulting in a corporate loss of INR1600m (US$25.... |
Construction at Maple Leaf Cement Factory Ltd site put on hold02 January 2018, Published under Cement NewsMaple Leaf Cement Factory Limited (MLCF) has announced that construction work on a 7300tpd capacity expansion has been put on hold, following an order issued by the Environmental Protection Agency (EPA), Government of Punjab. MLCF has stated that it met all statutory obligations before commencing construction, and has therefore filed a writ petition to Lahore High Court. The dry-process clinker production line was supplied by FLSmidth in an effort to raise capacity to 18000tpd at the si... |
Dangote Cement Nepal is denied mining licence02 January 2018, Published under Cement NewsDangote Cement Nepal Pvt Ltd has lost its attempt to win an open bid for a mining licence in Nepal. It has been technically disqualified for the detailed exploration of three limestone mines, after its proposal lacked details about the experienced hands needed for such work. However, Dangote group General Manager, Hikmat Thapa, said: “We are saddened by news that we are disqualified technically.” The Investment Board Nepal (IBN) had approved the investment in 2013 following an assessment... |