Cement News tagged under: corporate
Richard Curtis retires as CMS Group MD02 January 2018, Published under Cement NewsRichard Curtis has retired from his position as Group Managing Director of Malaysian cement producer, Cahya Mata Sarawak Bhd (CMS) as of 1 January 2018. He will remain on the Board of CMS as non-independent non-executive director. Y A M Tan Sri Dato' Seri Syed Anwar Jamalullail, CMSB’s Group Chairman, said: "On behalf of everyone at CMS, I would like to thank Dato' Richard for his stewardship and commitment to the company for over 11 years. Dato' Richard’s legacy will be his pioneering lead... |
Carthage Cement sale attracts foreign investors29 December 2017, Published under Cement NewsSale of a majority stake in Carthage Cement (Tunisia) has attracted a high level of interest from international investors. A block of shares, representing 50.52 per cent stake in the company, was offered for sale by the Tunisian government and a fellow shareholder by public tender on 15 December, 2017. At least six foreign investors have so far entered the pre-qualification round, and expressions of interest will be accepted up to 16 February, 2018. Pre-qualified candidates will be notifi... |
Monarch Cement appoints new president29 December 2017, Published under Cement NewsKent Webber has been appointed president of Monarch Cement Company, Kansas (USA). Webber has been with Monarch since 2013, first as the company’s subsidiary operations manager at Kansas Building Products in Wichita, and most recently as its executive vice president. He succeeds Walter Wulf, who earlier this month resigned as president. Wulf will continue his role as board chairman. The Monarch Cement Company serves Arkansas, Iowa, Kansas, Missouri, Nebraska, and Oklahoma from its Humbold... |
Cementos Molins reduces price for LafargeHolcim Bangladesh to US$62m28 December 2017, Published under Cement NewsCementos Molins (Spain) has reduced the purchase price for LafargeHolcim Bangladesh to US$62m, compared to the US$117m originally announced in December 2016 for 100 per cent of the company, which owns three cement grinding units in the Asian country. The acquisition relates to the ongoing restructuring of Lafarge and Holcim assets in Bangladesh following the LafargeHolcim merger. Cementos Molins was previously a joint venture partner in Bangladesh with Lafarge. |
St Marys Cement halts production at Dixon plant22 December 2017, Published under Cement NewsSt Marys Cement has suspended operations at its plant in Dixon, Illinois, reports SaukValley. The plant currently employs 62 workers and the decision is expected to result in 41 job losses. The plant will stop manufacturing cement but continue the grinding process until the inventory is fully depleted, which is likely to be next summer. The decision arrived after the plant was noted to be at a transportation disadvantage. The company’s five other cement plants are ideally located to take ... |
Paraguay’s INC to launch new cement22 December 2017, Published under Cement NewsIndustrial Nacional de Cemento (INC) of Paraguay will launch a new type of high-strength cement, CP II - C40 in February in the domestic market, according to INC President, Jorge Méndez. "With this new product we seek to gain other niches within the local market and thus also have presence with our brand," said Mr Méndez. At present, the company produces three types of Portland cement: CP II C-32, CP IV -32 and CP II F-32. |
Dalmia Bharat to acquire Murli Industries21 December 2017, Published under Cement NewsDalmia Bharat is set to acquire the bankrupt Murli Industries, according to The Economic Times. The deal represents an investment of close to INR4bn (US$62.4m) by Dalmia. The company will also cancel almost the entire equity of Murli Industries. Dalmia won the bid on Wednesday, despite Gajanan Oil submitting a higher cash offer. Including interest and fines, Murli Industries had accumulated INR17bn in debt. Murli has an integrated cement plant with a capacity of 3Mta. |
Bärtschi retires from CRH board21 December 2017, Published under Cement NewsCRH plc has announced that Ernst Bärtschi has retired from the CRH Board with effect from 20 December 2017. CRH Chairman, Nicky Hartery, said, "On behalf of the Board I would like to thank Ernst for his commitment and service to CRH over the last six years, and wish him every success in the future." |
Jidong Cement awards Mechel coal contract21 December 2017, Published under Cement NewsChinese cement producer Jidong Cement has awarded a 3Mt coal supply contract to Russian mining company Mechel. "Over the year Mechel will supply up to 3Mt of steam coal mined at LLC Elgaugol's Elga Open Pit Mine and JSC Yakutugol's Neryungrinsky Open Pit Mine,” said the Russian mining company in a statement. The Elga coal complex is one of the world’s largest untapped deposits with coal reserves of around 2.2bnt in Yakutia. The Neryungrinsky mine is one of three in the company’s 197.5Mt Y... |
Cementa applies for 30-year limestone quarry extension20 December 2017, Published under Cement NewsHeidelbergCement-owned Cementa has submitted an application to continue its limestone extraction operations at Degerhamn. The application covers 15Mt of limestone in the next 30 years and Cementa has conducted extensive investigations into the potential impact of the operations on the area’s water supply and surrounding natural resources. "It only turns out to be a marginal impact on the groundwater around the tents and hence no lowering of water levels in any individual wells," said... |