Cement News tagged under: corporate
Cementos Argos launch Soluble Smart Pack Cement21 November 2017, Published under Cement NewsCementos Argos SA along with its local partners and distributor National Hardware (Guyana) Ltd launched its latest innovation, Soluble Smart Pack Cement, on Friday. A demonstration of the product was carried out at National Hardware, showing how the cement bag becomes mortar. The aim is to provide more environmentally-friendly ways of disposing of the cement bags. Argos said that: "innovation is the only way to remain competitive in order to offer the best and more efficient solutions t... |
Italy's Antitrust Authority approves Cementir Italia sale20 November 2017, Published under Cement NewsThe Italian Antitrust Authority (AGCM) has approved the sale of Cementir Italia and its subsidiaries Cementir Sacci SpA and Betontir SpA to Italcementi. Following the closing of the transaction, which is expected in the first days of January 2018, Italcementi will be required to adopt certain structural remedies, including the divestiture of some plants and behavioural measures. Italcementi will select the facilities to be divested among those identified by AGCM, which has established pre... |
Karsdorf Cement plant sale to be abandoned20 November 2017, Published under Cement NewsSchwenk KG has abandoned its plans to acquire Opterra’s cement plant in Karsdorf, according to a press release by the Bundeskartellamt (Federal Cartel Office - FCO). The withdrawal of the notification also includes the purchase of the cement plant in Sötenich. "The merger was expected to significantly impede effective competition and would have had to be prohibited. With the acquisition of the plant in Karsdorf Schwenk would have gained a dominant position as a cement manufacturer in the ... |
Than Taw Myat Cement adds second kiln line17 November 2017, Published under Cement NewsThan Taw Myat Company has doubled its production capacity to at its cement plant in Kyaukse township, Mandalay, Myanmar, to 10,000tpd with a second 5000tpd kiln line. The factory, which produces Double Rhinos cement, is now the largest cement production factory in Myanmar. The new production line, which was constructed by China's Sinoma International Engineering, was completed across 15,000 acres of land next to the existing factory. It is equipped with European machinery and technolog... |
Steppe Cement repays bonds17 November 2017, Published under Cement NewsKazakh cement producer Steppe Cement has repaid bonds issued in November 2012, according to StockMarketWire. The bonds totalled KZT1.49bn (US$4.48m) and were paid out of the cash flow of the company. The repayment of the bonds reduced the net debt of Steppe Cement to US$16m. |
Votorantim Cimentos reports stable 3Q revenues but drop in adjusted EBITDA16 November 2017, Published under Cement NewsIn its third-quarter 2017 results announcement Brazil’s Votorantim Group reported a one per cent increase in the net revenues of Votorantim Cimentos to BRL3.208bn (US$968.2m) from BRL3.19bn in 3Q16. Adjusted EBITDA fell 27 per cent YoY to BRL521m in 3Q17 from BRL715m in the year-ago period. The company’s EBITDA margin stood at 16 per cent. Brazilian results were negatively impacted by a BRL134m non-recurring tax adjustment, leading to a fall in adjusted EBITDA of 45.4 per cent YoY, accord... |
Prism Cement sees rise in 2Q17 EBITDA16 November 2017, Published under Cement NewsPrism Cement has posted a 50.4 per cent YoY rise in EBITDA for the 2Q17 period ended 30 September 2017 to INR376m (US$5.78m). The resulting EBITDA margin for the second quarter was 3.2 per cent. The company’s revenue fell 7.7 per cent on a comparable basis to INR11.6bn 2Q17 from INR12.62bn in 2Q16. The first six months of the current financial year has seen Prism report EBITDA of INR1.14bn. In comparison to the same period of the previous year, this is a minor decrease of 5.3 per cent. Si... |
Star Cement announces 90% net profit increase16 November 2017, Published under Cement NewsStar Cement reported a standalone net profit of INR219.9m (US$3.37m) for the 2Q17 period ended 30 September 2017, a 89.9 per cent increase from the INR108m seen in the year-ago period. The revenue for the company fell to INR2.57bn from INR2.89bn in 2Q16. Star Cement reported EBITDA of INR530m for the second quarter of 2017, according to The Economic Times. The cost of expenses decreased to INR2.32bn from INR2.78bn of the corresponding quarter in 2016. In 1H17 the company saw a net profit... |
Luanda cement plant resumes production after HFO shortage16 November 2017, Published under Cement NewsChina International Fund (CIF) has resumed production of its Luanda cement plant after four months of non-acitivity, because of the heavy fuel oil (HFO) shortage in the country. With the resumption of production, the 3.6Mta plant should start distributiong cement again in December or January. The Luanda Refinery stepped to supply HFO directly to CIF and Fábrica de Cimento do Kwanza Sul (FCKS) on 10 November. Several adjustments have been made by the Luanda Refinery to improve the quali... |
Anhui Conch to import drilling rig for 4500tpd plant16 November 2017, Published under Cement NewsAnhui Conch Cement Co expects delivery of an imported hydraulic drilling rig for its cement production project in Shaanxi province by February 2018. The US$1.7m rig will be installed at the limestone mine at the company’s US$61m cement facility in Tongchuan, Shaanxi province. The plant’s production capacity is around 4500tpd and construction is expected to begin in the 1H18. The rig is expected to meet Euro III standards and have a minimum aperture of 140mm. |