Cement News tagged under: corporate
Penna Cement plans expansion Gudipadu limestone mining to raise cement output11 December 2017, Published under Cement NewsIndian cement producer Penna Cement is planning an expansion of the Gudipadu limestone mining project at the Gudipadu and Kundanakota, Anantapur district, Andhra Pradesh. The project will see mining operations increase from 2.3Mta to 5.3Mta and is currently awaiting environmental clearance.The estimated cost of the project is INR50m (US$ 777,276) and the mining lease area is 392.63ha. Estimated mineable reserves are 88.403Mt, which will be mined in fully mechanised opencast operations ... |
Wagners' share price rises 25% on first day11 December 2017, Published under Cement NewsWagners had a successful opening day on the Australian Securities Exchange with shares rising by 25 per cent, according to SBS News. The new listing now has a market value of AUD549m (US$412m). Wagners is the largest independent cement manufacturer and supplier in southeast Queensland, with approximately one third of the market. The company has 450 domestic and international customers. |
Former LafargeHolcim CEO placed under formal investigation08 December 2017, Published under Cement NewsThe former chief executive of Franco-Swiss cement group LafargeHolcim Ltd, Eric Olsen, was placed under formal investigation on Thursday as part of an inquiry into the group's activities in Syria, a source with the prosecutor's office told Reuters. Olsen resigned as LafargeHolcim's CEO in April 2017, after the company admitted it had paid armed groups to keep a cement plant operating in Syria. Three other individuals were put under formal investigation last week and two others – one of whi... |
Huaxin Cement plans US$140m works in Nepal08 December 2017, Published under Cement NewsChinese cement producer Huaxin Cement is planning a new US$140m cement facility in Nepal having started talks with authorities and setting out a project investment agreement (PIA) for the factory. "We have already started informal talks with the Chinese company on signing of the PIA," said a highly-placed source at the Investment Board Nepal (IBN). "The formal negotiations on PIA will begin after the Chinese investor pays a pre-negotiation and agreement execution fee of 0.2 per cent of the... |
Taiwan's Hsing Ta reports revenues up 53% in November08 December 2017, Published under Cement NewsHsing Ta Cement Co Ltd reported a 52.6 per cent rise in revenues to TWD673.172m in November 2017 from TWD441.025m in the year-ago period. For the first 11 months of 2017, the company’s revenues increased 41.8 per cent YoY from TWD3.832bn to TWD4.794bn. |
Apollo Asia invests in Steppe Cement08 December 2017, Published under Cement NewsApollo Asia Fund Ltd has acquired 11.2m shares, representing 5.13 per cent of the issued share capital of Steppe Cement Ltd, which produces construction materials in Kazakhstan. Steppe said it was "pleased" to have the new significant shareholder, which is managed by Apollo Investment Management. Shares in Steppe Cement were down 0.3 per cent at GBP0.2094 on Friday. |
NCB announces greenest cement company08 December 2017, Published under Cement NewsDalmia Bharat won the title of world's greenest cement company from the National Awards from National Council for Cement and Building Materials (NCB) for 2015-16 and 2016-17, winning across six categories. On receiving the award, Mahendra Singhi, Group CEO of Dalmia Bharat Cement, said: "We are honoured to receive this prestigious award from NCB. We are extremely delighted to be acknowledged for our efforts in making a greener environment. On behalf of the Dalmia family, I thank you for thi... |
CRH exits PPC talks but LafargeHolcim discussions continue07 December 2017, Published under Cement NewsIrish cement producer CRH has decided to pull out of the process to bid for rival PPC, the South African company said on Thursday. Last month, CRH made an undisclosed cash bid for PPC and had been given time for due diligence and to submit an updated bid, but CRH has now opted to drop its interest in PPC. "CRH has decided not to submit an updated expression of interest and therefore considers it appropriate to withdraw from the Independent Board’s process," PPC said in a statement. In... |
BUA seeks President's support to end mining rights squabble07 December 2017, Published under Cement NewsNigerian conglomerate BUA group has asked Nigeria's President, Muhammadu Buhari, to intervene in its argument with Dangote group over limestone mining rights. BUA's Chairman, Abdulsamad Rabiu, said Dangote group was undermining security around his plant in southwest Edo state, a region with limestone. Dangote's cement operation is in the central state of Kogi. The mines ministry said BUA group does not have a mining lease for the disputed site, which is the subject of a legal case, and it... |
Bamburi Cement launches seasonal driver improvement programme07 December 2017, Published under Cement NewsBamburi Cement has begun a pre-Christmas campaign to improve driver safety. Over 1200 drivers and 1,000 bodaboda operators are set to benefit from the training that will be offered during the campaign. The campaign's caravan was waved off from the company's Mombasa plant based in Bamburi on Tuesday, and will stop at identified locations in the coastal city before proceeding to Mariakani, Voi, Mtito Andei, Makindu, Sultan Hamud, Salama, Masimba, Machakos Junction, Athi River (Mlolongo) and ... |