Cement News tagged under: corporate
Holcim Argentina appoints Carlos Espina as new CEO19 May 2017, Published under Cement NewsMr Espina has been the LafargeHolcim’s senior vice president of research and development since 2012 and based in the group’s Research Centre in Lyon, France. Holder of a degree in Mining Engineering, Metallurgy and Materials Sciences of the University of Oviedo, Spain and an MBA of the European School of Management Development (EUDEM), he was CEO of Arcelor Méditerranée before moving to LafargeHolcim. |
Hume 1Q hit by lower prices, higher operating expenses18 May 2017, Published under Cement NewsFor the three months to the end of March 2017, Malaysia-based Hume Industries recorded revenue of MYR158.5m (US$36.7m), up 8.2 per cent on the recorded MYR145.5m a year earlier. Profit before tax saw a sharp decline to MYR1m from MYR15.9m in the same period of the previous year, which the company attributed to lower selling prices and higher operating expenses for the construction materials business. Going forward, the group expects the outlook to remain challenging in view of weakening de... |
Dispute between Lafarge Cement Jordan and employees resolved17 May 2017, Published under Cement NewsThe dispute between Lafarge Cement Jordan and its employees ended on Monday evening after negotiations led by the Labour Ministry, The Jordan Times reports. The company’s employees undertook several days of work stoppage to demand better working conditions before the ministry intervened to mediate between the association representing the workers and Lafarge company management. Under the settlement, employees will sign a collective work contract and resume work as normal, while an annua... |
Qalaa Holdings completes sale of ASEC Ciment Algérie17 May 2017, Published under Cement NewsQalaa Holdings announced that its subsidiaries ASEC Cement and ASEC Cement Djelfa Offshore have completed the sale of 100 per cent of ASEC Ciment Algérie (ACA) to an Algerian investor at a deal value equivalent to US$60m. The sellers are currently complying with government requirements to repatriate the proceeds from Algeria. Qalaa held an effective (indirect) 37 per cent ownership stake in ACA , which has a licence to build a 3Mta cement plant in the city of Djelfa, Algeria. The sale ... |
China Tianrui Group Cement appoints executive director17 May 2017, Published under Cement NewsChina Tianrui Group Cement Co Ltd announced that Ding Jifeng has been appointed as an executive director of the company, effective 15 May 2017. |
Lafarge Africa to seek shareholders approval17 May 2017, Published under Cement NewsLafarge Africa is to seek shareholders’ approval for a NGN140bn (US$443m) rights issue during its 58th Annual General Meeting to be held on 7 June 2017, the company has informed the Nigerian Stock Exchange. Also on the AGM agenda is a proposal to shareholders to approve the merger of subsidiary Unicem into Lafarge Africa. The proposals, according to the company, will strengthen its balance sheet and capital structure by reducing foreign currency exposure and optimising the Lafarge Afric... |
Semen Indonesia plans to raise IDR3tn from bond sale16 May 2017, Published under Cement NewsSemen Indonesia has announced a plan to raise IDR3trn (US$225.6m) from a bond sale to refinance debt of its subsidiary PT Semen Tonasa and increase working capital, according to local press reports. The bond, with a five-year tenure and eight per cent to 8.8 per cent annual coupon rate, is the first tranche of its planned bond issuance under the shelf registered scheme totalling IDR8trn in the next few years. "With the optimism that the economy will be better in 2018, we have decided t... |
Cementarnica Usje quarterly profit down 35%16 May 2017, Published under Cement NewsMacedonia's sole cement producer, Cementarnica Usje, said its net profit fell 35 per cent YoY to MKD110.8m (US$1.97m) in the first quarter of 2017. The company's operating revenue declined six per cent to MKD747.5m, whereas operating costs decreased four per cent to MKD562.9m. Cementarnica Usje AD Skopje, owned by Greece-based Titan Cement Co SA via its subsidiary Titan Cement Netherlands BV, operates a single 1.4Mta integrated cement works in Usje, some 20km northeast of the capital, Sk... |
Raysut receives offer for its share in Oman Portuguese Cement Products16 May 2017, Published under Cement NewsRaysut Cement has received an offer for its share in Oman Portuguese Cement Products from a local company, the producer disclosed in a filing to the Muscat Securities Market on Monday. As part of a diversification strategy, in 2001 Raysut moved into ready-mix concrete and other cement products through its 50 per cent ownership in Oman Portuguese Cement. "We would like to inform our shareholders that Raysut Cement Co SAOG has received an offer from one of the local companies to buy the sh... |
China Resources Cement expects significant increase in 1H attributable profit16 May 2017, Published under Cement NewsChina Resources Cement said it expects he Group's profit attributable to the owners for the six months ended 30 June 2017 to significantly increase as compared with that of the corresponding period in 2016. The expected growth was primarily attributable to the higher selling prices of cement products during the period, ET Net News Agency reports. The average selling price of the group's cement products was HKD291.40 (US$37.40) from January to April 2017, as compared with HKD229.70 for th... |