Cement News tagged under: corporate
CMS sees 3Q profit rise30 November 2017, Published under Cement NewsMalaysia's Cahya Mata Sarawak Bhd (CMS) reported 3Q17 consolidated revenues of MYR347.968m (US$85.12m), down 2.3 per cent from MYR356.06m in 3Q16. Profit before tax edged up from MYR94.744m in 3Q16 to MYR95.58m one year later while profit attributable to ordinary equity holders of the parent company rose 5.7 per cent YoY from MYR58.715m to MYR62.04m. The group attributed the improvement in profit to lower production costs in the cement division. In its outlook, CMS expected the operat... |
Savannah Cement trained 10,000 masons in the past five years30 November 2017, Published under Cement NewsSavannah Cement have renewed a joint commitment with the National Construction Authority (NCA) to improve construction standards in Kenya, according to Capital Business. The cement company will continue to provide training and development opportunities to those workers seeking NCA accreditation in the building and construction sector. Over the last five years, Savannah Cement have trained 10,000 masons. "Recently, the two organisations agreed to have all masons trained by Savannah Cement i... |
Confidence Cement to commission new plant end-December29 November 2017, Published under Cement NewsConfidence Cement will commission its new cement plant in Bangladesh at the end of December, doubling the company’s total cement capacity to 4500tpd. The new works will help to meet the country’s increasing cement demand, which is expected to surpass the 25Mt mark in 2018, according to The Global Cement Report, 12th Edition. Bangladesh aspires to become a middle-income country by 2021 and sustained growth in recent years has seen its infrastructure deficit widen. Through the Seventh ... |
Cienfuegos continues supply to hurricane-affected areas29 November 2017, Published under Cement NewsDespite undertaking one of the largest maintenance campaigns of the past 16 years, the Cemento Cienfuegos’ plant in Cienfuegos, Cuba, will continue to deliver cement to areas affected by hurricanes. The repairs total a value of more than CUP3m and, having started on 8 November, are scheduled to be completed in mid-December. After 15 December shipments in line with national demand will resume. Benito Lôpez Touriño, head of dispatches at the plant, said that the company has sufficient c... |
Frederic Guimbal appointed CEO of Holcim Azerbaijan OJSC29 November 2017, Published under Cement NewsFrederic Guimbal has been appointed CEO of Holcim Azerbaijan OJSC, according to the company’s website. Mr Guimbal replaces Rossen Papazov in this role, effective from the start of October 2017. Frederic Guimbal previously worked as the managing director of Holcim India. Holcim Azerbaijan has approximately 40 per cent of the cement market share in the country, according to Trend News Agency. |
Chile's Briones family hikes Bío Bío stake28 November 2017, Published under Cement NewsThe Briones family has decided to acquire a further 13.1 per cent stake in Cementos Bío Bío SA from Votorantim for more than CLP29bn (US$45.5m), according to Chilean daily La Tercera. This purchase would bring the Briones stake to 39.52 per cent, making it the largest shareholder in the Chilean cement producer, followed by a 19.03 per cent stake held by other members of the Briones family. Citing informed sources, La Tercera reported that Votorantim had approached the Chilean business... |
Cemento Polpaico sees CLP-2.28bn loss in 9M1728 November 2017, Published under Cement NewsChile’s Cemento Polpaico has reported a loss of CLP-2.281bn (US$3.58m) in the January-September 2017 period. This compares with a profit of CLP4.1534bn in the year-ago period. In terms of revenues, the company reported a figure of CLP96.337bn, down 11.4 per cent when compared with CLP108.67bn in 9M16. |
Cement plant accused of using journalists to improve image28 November 2017, Published under Cement NewsA cement plant is alleged to have used images of visiting journalists in promotional material, apparently in an attempt to bolster its public image, according to the Myanmar Times. A billboard was placed outside Mawlamyine Cement Ltd's factory featuring an image of the journalists with the caption, ‘The local reporters are visiting our company as observers’. Although monthly environmental impact assessment reports are submitted by the local government, three protests have been staged ... |
Joey Ghose new CEO of Raysut Cement28 November 2017, Published under Cement NewsOman’s Raysut Cement Co has appointed Joey Ghose as new CEO of the company, effective 2017, reports the company in a filing to the Muscat Securities Market. It is expected Mr Ghose will bring his extensive experience in the cement industry to bear as he addresses the challenges faced by the company. Changes to the income tax law in Oman resulted in a 60 per cent fall in 9M17 profit for the producer and local market competition and tough export markets have contributed to lower sales volum... |
Al Jouf Cement Company to export 72,000tpa to Jordan28 November 2017, Published under Cement NewsAl Jouf Cement Company signed a sales and marketing contract with the Saudi Industrial Export Company (SIEC) on Sunday, according to a statement released on Tadawul. This follows the signing of a memorandum of understanding back in October. The agreement will see 72,000tpa of cement exported to Jordan. The financial impact of this contract will be announced in 1Q18. |