Cement News tagged under: corporate
PT Semen Indonesia president confident Rembang plant will receive permit15 February 2017, Published under Cement NewsPT Semen Indonesia's President Director, Rizkan Chandra, is confident that Central Java Governor Ganjar Pranowo will issue an environmental permit for the construction of the company's cement plant in Rembang, Central Java province. Earlier on 16 January, Ganjar revoked PT Semen Indonesia’s environmental permit required for plant construction, production and development. The governor had told Semen Indonesia to revise its environmental impact analysis (amdal) and environmental monitori... |
USA: Ecocem's Vallejo mill project hits City Hall opposition15 February 2017, Published under Cement NewsA US local authority has formally opposed Ecocem’s plans for a EUR45m mill project in Vallejo. Orcem Americas, a subsidiary of Irish cement firm Ecocem, wants to construct a grinding mill close to San Francisco, on the site of an old flour mill on Vallejo’s waterfront, but residents fear its environmental impact. Vallejo City Hall has called on the local planning commission to deny permission for Orcem’s proposals for a grinding unit and a nearby deepwater terminal by releasing a 45-page r... |
HeidelbergCement releases 4Q16 and 2016 results14 February 2017, Published under Cement NewsHeidelbergCement saw its cement volumes rise by 50 per cent YoY to 30.8Mt from 20.5Mt in the 4Q16, according to a company statement. Aggregates sales volumes recorded an increase of 16 per cent YoY to 73.3Mt (previous year: 63.3Mt). They include the shipments of Italcementi in France, Italy, Spain, Greece, Morocco and North America. In the 4Q16 total ready-mixed concrete deliveries rose also due to consolidation effects by 27 per cent to 12.1Mm 3 (previous year: 9.6Mm 3 ). Grou... |
Cementir's preliminary 2016 results total EUR1027.6m14 February 2017, Published under Cement NewsCementir's Board of Directors reported its preliminary consolidated results for 2016, which saw group sales and services reach EUR1027.6m, up compared to EUR969m in 2015. This includes the change in the scope of consolidation relating to the acquisition of Sacci and Compagnie des Ciments Belges (CCB), which contributed an additional EUR60.5m. Specifically, the revenues of Cementir Sacci, included as of 29 July 2016, amounted to EUR 21.8m, while the revenues of the CCB group, included as o... |
Thailand: Siam City Cement profit down 14.5 %14 February 2017, Published under Cement NewsSiam City Cement (SCC) reported a 2016 net profit of THB3.9bn (US$111.45m), down 14.5 per cent YoY due to difficult trading conditions in Thailand. One-time costs of THB304m associated with acquisitions offset by favourable coal prices, electricity tariff rates and the sale of its stake in Holcim Cement (Bangladesh) Ltd also contributed to the profit drop. Siva Mahasandana, CEO of SCC, said the company's strategy to expand the business through key investments in Thailand and nearby reg... |
PCC and AfriSam in merger talks13 February 2017, Published under Cement NewsPPC is in merger talks with its nearest competitor, AfriSam Group, seeking to overcome valuation disagreements that prevented the completion of previous tie-up efforts, according to Reuters. AfriSam first proposed the merger in 2014, when infighting between the PPC board and its former CEO has put downward pressure on PPC’s share price. However, shares in PPC have performed significantly better, increasing by a third this year to date. The cement producer is valued at about ZAR11bn (US... |
USA: Cemex Fairborn plant and terminal is sold to Eagle Materials13 February 2017, Published under Cement NewsCemex has announced that one of its subsidiaries in the US has closed the divestment of its Fairborn (OH) cement plant and cement terminal in Columbus (OH) to a subsidiary of Eagle Materials Inc for around US$400m. The proceeds obtained from this transaction will be used mainly for debt reduction and for general corporate purposes. Bank of America Merrill Lynch acted as financial advisor to Cemex in this transaction. |
ANCAP to shed 200 jobs during its restructuring13 February 2017, Published under Cement NewsWhile ANCAP is expected to hold onto its three cement units, the restructuring of the company will see the dismissal of 200 personnel. Staff have received the “commitment” from the company’s general manager, Ignacio Horvath, and the Portland Division Manager, Fernando Acuña, that the plants of Paysandú and Minas as well as the Manga distribution centre will remain open. In the past decade the Uruguayan cement producer has reported losses of US$200m. |
Bolivia: President opens 2000tpd Itacamba plant13 February 2017, Published under Cement NewsPresident Evo Morales of Bolivia opened the first integrated cement plant in Itacamba at the weekend, in the department of Santa Cruz. Following an investment of US$220m, the Itacamba Cimento SA 2000tpd cement plant in Yacuses has started commercial production to reduce the country's reliance on imports. The works will guarantee the supply of cement for projects in Santa Cruz and Beni, with plans to expand deliveries to Tarija. Gebr Pfeiffer provided a MPS 3750 B raw mill for this project.... |
Uzbekistan: President visits cement plant construction site13 February 2017, Published under Cement NewsPresident Shavkat Mirziyoyev visited the site of the new Almalyk mining-metallurgical complex JSC cement plant that is being built in Sherobod district on Frida,y 10 February 2017. The cement plant, which will be built at the territory of 'Vandob' village of this district, at a cost of US$212.8m is expected to produce 1.5Mta of cement. With commissioning of the enterprise, over a thousand new jobs will be created. The main portion of the production will be directed towards meeting the domes... |