Cement News tagged under: corporate
BBMG Corp expects increase in 2Q net profit14 July 2017, Published under Cement NewsBBMG Corp said it expects to record a net profit attributable to shareholders of between CNY1825m (US$269m) and CNY1900m for the six months ended 30 June 2017, as compared to the net profit of about CNY1821m for the same period last year. With the significant increase in the unit prices for cement and clinker in the first half of 2017 compared with the same period of last year, the profit for the cement segment increased significantly YoY, the company said. |
Raysut to hold EGM on Oman Portuguese Cement Products sale14 July 2017, Published under Cement NewsRaysut Cement has invited its shareholders to attend an extraordinary general meeting (EGM) to discuss and approve the sale of Raysut Cement’s entire share in Oman Portuguese Cement to Opal Development Co LLC. The EGM will be held on 25 July, Salalah-based Raysut Cement said in a filing to the Muscat Securities Market on Wednesday. Raysut is reportedly planning to sell its entire stake in Oman Portuguese Cement Products Co to Opal Development Co LLC, according to the Muscat Daily. Ra... |
Aggregate Industries appoint new MD of Aggregates division14 July 2017, Published under Cement NewsAggregate Industries, part of the LafargeHolcim Group, has appointed Mike Pearce as the Managing Director of its Aggregates division, as the company looks to cement its position as the UK’s leading construction materials supplier. Mr Pearce has held senior commercial and operational roles in Aggregate Industries since first joining in 1986, and moves into the role from his previous position as Commercial Director, which he has held since July 2015. As Managing Director for Aggregates he wi... |
FLSmidth to acquire part of Sandvik Mining Systems13 July 2017, Published under Cement NewsFLSmidth has reached an agreement to acquire a part of Sandvik Mining Systems. This includes continuous surface mining and minerals handling technologies and competences that will strengthen the Group's core minerals business, FLSmidth said in a statement. "The pending acquisition enables FLSmidth to improve productivity for its customers by closing a gap and cover a wider range of the full mining value chain – from the primary crushing point in the mining pit and the transport from mine t... |
Algeria’s GICA to produce 20Mta of cement by 2019-2013 July 2017, Published under Cement NewsAlgeria’s Groupe Industriel des Ciments d’Algérie (GICA) will increase its production to 20Mta by 2019-20, said company spokesperson Azzeddine Asfirane. The increase in output will be possible due to the expansion of the company’s cement works at Chlef, Ain El Kebira and Zahana and the commissioning of two new cement works at Sigus (Oum El Bouaghi) and Béchar. Ain El Kebira, which entered service last February, is expected to ramp up to its full 3Mta capacity by February 2018 while Ch... |
Scan Togo Awandjelo works to be inaugurated13 July 2017, Published under Cement NewsScan Togo’s new works at Awandjélo in Togo’s Kara region will be inaugurated on 15 July, according to local news reports. The HeidelbergCement-owned works represents an investment of US$15m and is expected to produce 0.2Mta of cement. |
TCC International issues positive profit alert12 July 2017, Published under Cement NewsTCC International Holdings Ltd said it expects to swing to a profit for the first half of this year compared to a loss for the corresponding period of 2016. The Hong Kong-listed cement products manufacturer said an increase in product prices has helped earnings through the first half. It did not specify the expected profit for the January-June 2017 period. In the 1H16, TCC International posted a loss of HKD156.1m (US$20m). |
Fancesa to modernise Cal Orck’o packing section12 July 2017, Published under Cement NewsFabrica Nacional de Cemento SA (Fancesa) has received four proposals for the modernisation of its packing department at its Cal Orck’o plant, Bolivia. Haver & Boecker, FL Smidth Ventomatic, Claudius Peters Inc and Beumer Latinoamérica all responded to the call for tender to supply equipment for a new cement silo, a rotary packer with automatic bag applicator and a mechanised truck loading system. |
LafargeHolcim Laâyoune grinding unit enters operation12 July 2017, Published under Cement NewsLafargeHolcim Maroc has completed the construction of its 0.2Mta grinding unit in Laâyoune, according to the company’s management board. Meanwhile, work has started on the building of a new 1.7Mta cement works in Souss. Equipment for the plant has been ordered from Germany-based thyssenkrupp Industrial Solutions. |
Robson Handling Technology names new chairman11 July 2017, Published under Cement NewsJulie Kenny, chairman of Robson Handling Technology Robson Handling Technology announced yesterday the appointment of Julie Kenny CBE as chairman who takes the reins from outgoing chairman, Bill Speirs. Jeff Hudson, CEO of Robson, welcomed Julie stating, “To attract someone of Julie’s calibre is testament to the strength and potential of Robson in its markets. With a CBE to her name, along with being the Vitalise Businesswoman of the Year in 2013 and PWC Private Businesswoman... |