Cement News tagged under: corporate

RSS feed

Bamburi Cement suspends plans to switch to solar power

18 December 2017, Published under Cement News

Bamburi Cement has put its plans to switch to solar power on hold, reports Standard Digital. The high cost of the project has left the company to resort to other methods to reduce its rising energy expenses, such as using waste tyres for fuel.  Bamburi Cement spends KES2.4bn (US$23.2m) annually on electricity to run its two plants in Mombasa and Nairobi. These figures make it the second-highest consumer of electricity in Kenya. To reduce that power usage by a significant factor, the compa...

LafargeHolcim plans PLN150m investment in Kujawy

18 December 2017, Published under Cement News

LafargeHolcim intends to invest PLN150m (US$42m) in alternative fuel-related projects in its Cementownia Kujawy cement works in Poland. The company will modify the clinker line to burn alternative fuels and improve product quality. The investment will also include the construction of new cement loading terminals and the launch of a fully-automated laboratory.

Uzbekistan’s Kuvasaycement sees 3% revenue increase

18 December 2017, Published under Cement News

Kuvaysaycement JSC saw its revenues increase by 3.4 per cent in the first nine months of 2017 to UZS236.7bn. However, the company saw its cost of production increase by 7.5 per ent to UZS93.5bn during the period. EBITDA fell by 34.1 per cent to UZS81bn. Kuvaysaycement produces sulphate-resistant Portland cement SSPTS 400 D20, Portland cement with mineral additive PC 400 D20 as well as Portland cement for the production of asbestos cement products.

Cemex receives environmental approval for Solid Cement expansion

18 December 2017, Published under Cement News

Ceemex has been given the all clear from the Department of Environment and Natural Resources (DENR) for the its proposed expansion of its cement plant the Antipolo City, Rizal, Philippines. The Solid Cement Corp (SCC) plant will be expanded by 1.5Mta, doubling cement capacity at the facility with the new line. Cemex Holdings Philippines (CHP) signed a contract with CBMI Construction Co Ltd to commence the first phase of SCC's expansion project in Antipolo City in May 2017.

Invesa to consolidate Bío Bío majority

18 December 2017, Published under Cement News

Chile’s Inversiones y Desarollos (Invesa) officially launched a public offer to acquire 54,208,259 shares in Cementos Bío Bío. In November Invesa acquired a 13.1 per cent stake in the cement producer from Brazil-based Votorantim for around US$46m, increasing its total share to 39.51 per cent. Taking into account the shares held by other Invesa businesses, the group would raise its stake in Cementos Bío Bío to 79.48 per cent. Including the public offer, Invesa will have spent a tot...

LafargeHolcim to change management structure

15 December 2017, Published under Cement News

LafargeHolcim has announced that its 30 largest country organisations will now report to its Executive Committee and that its global business functions will be merged under one leadership, to create a more agile management system. Therefore the Executive Committee at the company will be reduced to nine members, resulting in several new appointments. The appointments will become effective from 1 January 2018. Europe Marcel Cobuz will become Head Region Europe and a member of the Executiv...

DG Khan victim of fake news social media story

15 December 2017, Published under Cement News

DG Khan Cement Co Ltd asks for an investigation into fake news item that alleged it was selling company shares in a cement plant to Anhui Conch. The Pakistan cement producer informed Pakistan Stock Exchange (PSX) that a letter titled "material information" stating permission of due diligence to Anhui Conch Cement Co Ltd, China for acquiring 40 per cent shares of DG Khan Cement Co Ltd was a fabricated document circulated on social media/WhatsApp.  DG Khan Cement has neither issued any ...

HeidelbergCement to sell calcium silicate unit business

15 December 2017, Published under Cement News

HeidelbergCement has signed an agreement with H+H International A/S and its subsidiary H+H Deutschland GmbH to sell its calcium silicate unit business (HDKS), according to a press release. The transaction has a value of about EUR110m (US$129.6m) and is expected to be completed within the 1Q18. "HDKS has a strong market position in the North-East and South-West of Germany as well as in Switzerland, but the focus of its product portfolio on calcium silicate units is outside the core busines...

LafargeHolcim withdraws from further talks with PPC

14 December 2017, Published under Cement News

LafargeHolcim has ended talks with South Africa’s PPC about a potential deal, said the Swiss cement producer in a brief statement. The step comes only a day after Canada’s Fairfax Africa Investments Proprietary Ltd pulled out its attempt to buy 23 per cent of the South African cement producer and a week after CRH exits talks with PPC.

GCC reports record 11M cement sales

14 December 2017, Published under Cement News

Grupo Cementos de Chihuahua SAB de CV (GCC) reports total cement sales volumes for the company reached almost 4Mt for the January-November period, a new record for the company. GCC's total cement sales volumes increased 18.2 per cent in the first 11 months of 2017, after strong cement sales in October and November in the USA. GCC's Chief Executive Officer, Enrique Escalante, said: "GCC reached record cement sales volumes as a result of strong demand and high level of backlog in our co...