Cement News tagged under: corporate
Paraguay's INC notes 9% rise in sales in October27 November 2017, Published under Cement NewsParaguay’s Industria Nacional del Cemento (INC) has sold 10,876,593 bags of cement in the first 10 months of 2017, a drop of 17.6 per cent YoY, according to the company’s sales department. In October, sales improved by nine per cent YoY from 982,868 bags in October 2016 to 1,075,196 bags in October 2017. Output is estimated to have increased by around 45 per cent and sufficient to cover 75 per cent of the domestic market, according to Jorge Méndez, the company’s president. The hik... |
Anhui Conch to resume Indonesian project with US$240m credit27 November 2017, Published under Cement NewsAnhui Conch Cement has issued guarantees for loans likely to include US$90m facility provided by the company’s Indonesian branch, according to Anhui Conch investor relations. This is in addition to the 10-year US$151.5m loan applied for by its subsidiary Pabrik Semen China Conch from the Export-Import Bank of China (EIBC) in support of the planned resumption of the development of Pabrik Semen China Conch in Inobonto, North Sulawesi. The project, which the Chinese cement producer initiated... |
Oman Cement seeks Brazilian investors for new plant27 November 2017, Published under Cement NewsOman Cement Co (OCC) visited Brazil to seek partners for a new cement plant in Duqm, an industrial and port free trade zone in Oman. The company’s Chairman, Abdullah Abbas Ahmed, visited the Arab Brazilian Chamber of Commerce on Friday. According to Mr Ahmed, the output capacity of the company’s current plant can be expanded, but the idea of the project in Duqm is to build a plant that would operate at a lower cost, use alternative energy sources and that can produce items of higher added-... |
Kohat Cement receives credit for new 7800tpd line27 November 2017, Published under Cement NewsKohat Cement Co Ltd has informed Pakistan Stock Exchange Ltd that a letter of credit for setting up 7800tpd grey cement line has been established. On 6 June 2017 Kohat Cement Co had decided to set up a new 7800tpd cement production line at its existing Kohat plant in Punjab province, along with a waste heat recovery (WHR) power plant. The company currently has a capacity of 2.8Mta of grey cement and 150,000tpa of white cement. The company dispatched 2.08Mt (2016: 2.09Mt) of cement ... |
Holcim Philippines uses cigarettes as fuel27 November 2017, Published under Cement NewsCigarettes seized due to excise tax liability will now be used as a fuel by Holcim Philippines. The 9496 cases of cigarettes worth PHP142.4m (US$2.8m) will be burnt over the course of 15 days, according to SunStar. The Department of Finance has allowed their use as an alternative fuel by Holcim Philippines Davao. "I would like emphasize that this is not the last incineration that will happen. All tobacco products found to have been produced without its manufacturer paying the correspondin... |
Cemex Go - a digital customer platform is launched27 November 2017, Published under Cement NewsCemex has launched a fully-digital customer integration platform called Cemex Go. The platform combines Cemex's industry leadership with cutting-edge digital innovation. Cemex Go is a multi-device providing real-time, detailed information for order placement, live tracking of shipments, and managing invoices and payments for Cemex's main products, including bagged and bulk cement, ready-mix concrete, aggregates, and multi-products. Fernando A Gonzalez, CEO of Cemex, said: "Cemex Go moves ... |
PPC board rejects Fairfax offer24 November 2017, Published under Cement NewsThe board of PPC has advised its shareholders not to accept the offer of Fairfax Africa Investment Pty Ltd to buy a stake in the South African cement producer. The company will continue talks with LafargeHolcim and CRH on the sale. The Takeover Regulation Panel has extended the deadline for the Fairfax offer to 12 December 2017, according to the cement producer’s board. Fairfax has signalled its intention to make an offer to acquire ordinary shares representing ZAR2bn (US$144.1m) of PPC’s... |
Lafarge Africa buys out shareholders of Ashaka Cement24 November 2017, Published under Cement NewsLafarge Africa has bought out the minority shareholders of Ashaka Cement and issued 85.26m shares as part of a share exchange agreement, reports The Nation. The Nigerian cement manufacturer will now become a wholly-owned subsidiary of Lafarge Africa. The voluntary delisting of Ashaka Cement from the Nigerian stock exchange and its subsequent consolidation by Lafarge Africa, will offer shareholders a more diverse revenue stream. Lafarge Africa acquired a majority stake in Ashaka after ... |
PPC 1H17 earnings strong on robust Zimbabwe and Rwanda sales23 November 2017, Published under Cement NewsSouth Africa’s PPC Ltd reported in its inaudited 1H17 accounts a 36 per cent YoY rise in first-half earnings, supported by a strong performance in Zimbabwe and Rwanda. Headline earnings per share increased from ZAR0.14 to ZAR0.19 per share. Group revenue edged up one per cent to ZAR5.188bn from ZAR156m in the comparable year-ago period, while EBITDA advanced four per cent to ZAR1.2bn. Volumes sold increased by two per cent to around 3Mt. Net profit attributable to PPC shareholders increas... |
Dangote Cement inaugurates plant in Rep of Congo23 November 2017, Published under Cement NewsDangote Cement will inaugurate its 1.5Mta cement plant in the Republic of Congo on Thursday. The plant is expected to create approximately 1000 jobs and will become Dangote's 10th fully-operational plant in Africa. The US$500m works produced its first bag of cement on 7 August. Unaudited 3Q results show that the new plant has almost doubled the size of the cement sector in Congo, according to Vanguard. Meanwhile, Dangote Cement saw an increase of 7.5 per cent in pan-African cement sal... |