Cement News tagged under: corporate
Sri Lanka: 'Vijaya' brand of cement launched30 January 2017, Published under Cement NewsOliver Impex (Pvt) Ltd launched its latest brand of cement to the construction market in Sri Lanka at a special event attended by key stakeholders from the construction industry and distributors from around the island. The cement will be marketed under the name “Vijaya Cement”, which is a high-quality product which is SLS 107 certified and with strength class of 42.5 N, said the company. Mohamed Saly Mohamed Faris, director of Oliver Impex (Private) Ltd, said,"Our main aim is not to... |
Pakistan: Attock Cement net profit of US$13.1m30 January 2017, Published under Cement NewsAttock Cement Ltd has announced a net profit of PKR1.378bn (US$13.1m), translating into the earnings/share (EPS) of PKR12.03 for the half-year ended 31 December 2016, which is 19 per cent higher than the profits of PKR1.152bn, and the EPS of PKR10.07 announced during the same period of the last year. The surge in profitability can be attributed to higher sales, which stood at PKR7.228bn for the period under review as compared to the sales of PKR6.396bn during the same period of the last ye... |
Saudi Arabia: new chairman for Tabuk Cement30 January 2017, Published under Cement NewsSaeed bin Saeed Obaid is appointed as the new chairman of Tabuk Cement, Saudi Arabia. He will succeed Khalid Bin Saleh Al-Shathry. Tabuk Cement said at its ordinary general meeting elected on Thursday, 26 January, the new board members for a three-year period. |
Lucky Cement sees half-year profits rise 12.5% to US$67m27 January 2017, Published under Cement NewsLucky Cement has announced that its profits rose by 12.5 per cent YoY in the last six months of 2016 to PKR7bn (US$67m). In a statement to the Pakistan Stock Exchange, Lucky revealed that it had sold 3.5Mt of cement and 235,000t of clinker during the first six months of FY17. Cement sales improved over the previous year by 5.4 per cent, while no clinker sales at all took place in the corresponding period in FY16. Cement production also rose to 3.5Mt, up six per cent on FY16, while clin... |
New Zealand: Golden Bay Cement is still going strong after 100 years27 January 2017, Published under Cement NewsGolden Bay Cement's Portland plant clocked over 100 years of buiness last year, when it also celebrated a new 6000t storage silo, ship loading facility upgrades and its workers recently spoke about its importance in the community. The plant began in December 1916 but can trace its roots back to 1884 when Nathaniel Wilson founded the Wilson Portland Concrete Co. Three generations of the Wilson family also worked there. Among them was Raki Harding, whose father and grandfather had also ... |
Malaysia: Borneo Oil signs US$18m limestone deposit deal27 January 2017, Published under Cement NewsAccording to reports in the Star newspaper, Borneo Oil has signed a 30-year deal enabling it to mine marble and limestone in Lahad Datu, Borneo. In an announcement to the Malaysian stock exchange, Borneo oil revealed it had paid MYR80m (US$18m) for the right to mine reserves estimated at 24.5Mt. The company declared that it is now positioned to become “a substantial player in the supply of high-grade limestone resources”, and noted that Sabah state – in which the quarries are situated ... |
Qatar National Cement reports a 14% increase in 4Q profit27 January 2017, Published under Cement NewsQatar National Cement reported a profit rise of 14.4 per cent YoY to QAR119.62m (US$32.8m) in 4Q16 from QAR104.6m in 4Q15. Full-year 2016 profits increased 2.5 per cent YoY to QAR475.1m from QAR463.55m. |
SCG predicts Thai cement consumption will recover in 201726 January 2017, Published under Cement NewsDespite a disappointing performance in 2016, Siam Cement Group believes that demand in the Thai market will recover in 2017, reaching some 40Mt, the Bangkok Post reports. In figures released for the fourth quarter of 2016, SCG revealed that domestic demand fell three per cent YoY. For 2016 as a whole, demand fell by two per cent. The company also saw a decline in exports, shipping 2.6Mt of cement and 1.1Mt of clinker in 2016. In the previous year, the corresponding figures were 3.6Mt a... |
Cemex and GCC announce offering to sell 23% stake in GCC26 January 2017, Published under Cement NewsCemex, SAB de CV and Grupo Cementos de Chihuahua, SAB de CV (GCC) announced that they will commence offerings that are expected to include an aggregate of up to 76,483,332 shares of common stock of GCC, currently owned by Cemex at a price range of between MXN95.00 to 115.00/share, Cemex currently directly owns 23 per cent of the outstanding share capital of GCC and, additionally, a minority interest in CAMCEM, an entity which owns a majority interest in GCC as a result of GCC’s previously... |
Saudi Arabia: Yamama Cement mothballs five clinker lines26 January 2017, Published under Cement NewsIn an announcement to the Saudi Arabian stock exchange, Yamama Cement has said that it will temporarily close five clinker production lines with a combined capacity of 5600tpd. The company said that current market market conditions had led to a rise in clinker stocks throughout the sector in Saudi Arabia and for this reason the firm had decided to suspend production at its oldest facilities. |