Cement News tagged under: corporate
Dangote Ghana’s biggest taxpayer of 201620 January 2017, Published under Cement NewsThe Ghana Revenue Authority has recognised Dangote Cement as being the single largest taxpaying entity in the country, Business Ghana reports. The firm paid taxes and duties totalling GHS150m (US$35.5m) over the past year. “The payment of our taxes demonstrates our commitment to making a significant contribution to the growth of Ghana’s economy. We are looking at continuing this feat in future by expanding our operations to meet the needs of our customers in the country and creating mo... |
Najran 4Q16 profit falls 73%20 January 2017, Published under Cement NewsNajran Cement reported a fall in profits of 72.55 per cent to SAR14.76m (US$3.93m) in 4Q16 from SAR53.73m in 4Q15. The company attributed the lower profit to reduced sales volumes due to slowing construction activity and an increase in energy prices. Najran Cement's full-year profits reached SAR124.81m, down 51.2 per cent from SAR255.62m reported in 2015. |
Semen Indonesia halts Rembang construction20 January 2017, Published under Cement NewsSemen Indonesia has halted the construction of its plant in Rembang, Central Java, following the provincial government's revocation of the plant's environmental licence on 16 January. The company said it has complied with the government ruling despite having completed nearly 99 per cent of the plant. It is taking steps to submit certain required documents, such as an environmental impact analysis, required to obtain a new environmental licence. |
Pakistan: Pioneer Cement inaugurates WHR unit at Chenki plant20 January 2017, Published under Cement NewsPioneer Cement has marked the formal coming into operation of the new waste heat recovery plant at its Chenki plant by celebrating the firm’s environmental credentials. Writing in the Business Recorder, Pioneer notes that the facility’s conversion to coal has increased emissions, but that this has been countered by greater efficiency. “I take this opportunity to convey my appreciation and gratitude to the entire Project team for their untiring efforts in completion of project in record... |
Maple Leaf Cement to raise cement capacity20 January 2017, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCF) was in the news this week when FLSmidth announced it had secured an EPC contract for a new 7300tpd third line at Daud Khel in Iskanderabad, Mianwali, Pakistan, which will be completed before the end of 2018. The brownfield project is an expansion that is estimated to cost PKR20bn (US$190.8m) and will take grey cement capacity at the factory up to 18,000tpd, the equivalent of around 5.9Mta. Started in 1956, MLCF was established in northern Pakistan as ... |
Uganda: Hima Cement to launch US$40m grinding unit19 January 2017, Published under Cement NewsLafargeHolcim-owned Hima Cement is set to launch its grinding unit in Tororo this week, according to a company sources. The new 1Mta grinding plant is located at Nyakesia, Rubongi, and will boosts Hima Cement’s production capacity to 1.9Mta. In an earlier statement, Hima Cement Country CEO, Daniel Pettersson, said that the aim of building the grinding station is to meet the increasing demand for cement and concrete not only within Uganda but the regional market as well.” Uganda is ... |
South Africa: PPC to fund Slurry Kiln 9 project from B-BBEE deal19 January 2017, Published under Cement NewsJSE-listed cement maker PPC says it has started structuring its new broad-based black economic empowerment (B-BBEE) agreement, after it had concluded subscription agreements of another B-BBEE deal, from which the firm received ZAR1bn (US$73.7m). Sibonginkosi Nyanga, an analyst at Momentum SP Reid Securities, said the introduction of the new B-BBEE codes meant that companies had to relook at their empowerment deals. “The issue of the changing of the codes meant most companies, especia... |
Saudi Arabia: Northern Cement profits down 57% in 4Q1619 January 2017, Published under Cement NewsNorthern Region Cement Co reported a 57.3% YoY decline in profits in the fourth quarter of 2016, according to the company's filing to the Saudi Stock Exchange (Tadawul). Profits reached SAR16.91m (US$4.51m), down from SAR39.62m in 4Q15 and -43.8 per cent when compared with the 3Q16. The decline is attributed to lower sales due to intense competition, lower selling prices and reduces volumes. Weaker demand and lower prices have also affected annual results as Northern Cement saw it... |
LafargeHolcim's Olsen welcomes US infrastructure pledge18 January 2017, Published under Cement NewsEric Olsen, CEO of LafargeHolcim, has welcomed President-elect Donald Trump’s commitment to increasing infrastructure spending in the United States, CNBC reports. "We've believed for many years the US needs a significant boost in infrastructure, if you look at the status of bridges, roads... core infrastructure in the US needs real investment and we're heartened to see that that's coming", Mr Olsen said. "Infrastructure payments typically pays off 2.5 times for what you do. You need to... |
Colombia: OHL Industrial to build new Ecocementos plant18 January 2017, Published under Cement NewsSpanish construction firm OHL Industrial is to build a new 1.35Mta cement plant in Sonson, Colombia, at a cost of EUR224.6m (US$240m), Construction Index reports. The integrated plant has been commissioned by Ecocementos, a joint venture between Colombia’s Corona and Spain’s Cementos Molins. Equipment for the facility will be supplied by FLSmidth . |