Cement News tagged under: corporate
Cruz Azul to invest US$300m in plants15 December 2016, Published under Cement NewsAs part of its plant modernisation programme, Mexico’s Cruz Azul plans to spend US$300m in upgrading its four plants in the next four years. Cooperativa La Cruz Azul President, Guillermo Álvarez, said half of the sum would be spent in the next two years with the remainder earmarked for 2019-20. “We will make the investment in a gradual manner in each two-year period to prevent decapitalisation of the company,” he said. The company’s oldest cement lines will be updated with latest-gene... |
Lafarge Surma Cement acquires Holcim Bangladesh15 December 2016, Published under Cement NewsThe Board of Lafarge Surma Cement Ltd has approved the acquisition of 100 per cent shares of Holcim Bangladesh from LafargeHolcim Group. The transaction is subject to approval by the shareholders of Lafarge Surma as well as other regulatory and customary approvals in Bangladesh, according to a company statement. Following the completion of the transaction, the company will own the only clinker production facility in Bangladesh and four grinding plants across the country. "This synergy w... |
Beat Werder new Head of Media Relations of LafargeHolcim15 December 2016, Published under Cement NewsLafargeHolcim has appointed Beat Werder as new Head of Media Relations. He will assume his new role from March 2017 onwards and report directly to Caroline Hempstead, Group Head Communications, Public Affairs & Sustainable Development. Mr Werder previously held the position of Head of the State Secretariat for International Financial Questions (SIF) in Berne. Prior to that, he had been the communication head of the advertising publisher Publigroupe in Lausanne and he had also worked as a ... |
Oman: Raysut Cement CEO quits15 December 2016, Published under Cement NewsRaysut Cement Company announced yesterday that its CEO, Salem bin Alawi Mohammed Baabood, has resigned. The Board of Directors accepted Mr Baabood’s resignation at a meeting on Tuesday. Mohammed Ahmed Aideed is to assume the functions and duties of group CEO until a new CEO is appointed. |
Eric Olsen to chair Cement Sustainability Initiative in 201714 December 2016, Published under Cement NewsLafargeHolcim Chief Executive Eric Olsen has been appointed as chairman of the Cement Sustainability Initiative (CSI) for 2017. Mr Olsen’s appointment was confirmed at the CSI’s annual CEOs meeting this week. The CSI is part of the World Business Council for Sustainable Development and is made up of nine core members and 15 other participating members, drawn from the world’s largest cement firms. “It is an honour for me to be chairing this important industry organisation in the coming ... |
Pakistan: Fecto Cement joins race for Dewan assets14 December 2016, Published under Cement NewsFecto Cement has announced that it intends to enter a bid for Dewan Cement’s North plant, a 1.134Mta facility located in Hattar. Earlier this month, Lucky Cement indicated that it would put in a bid for the Hattar plant, while The News reports that a Chinese firm is also in the process of carrying out a due diligence investigation. In a trading update released to the Pakistan Stock Exchange, Fecto Cement said that sales revenues for the first quarter of FY2017 were up by 16.3 per cent to ... |
Bahrain: APICorp acquires 30% Falcon Cement stake13 December 2016, Published under Cement NewsMultilateral development bank Arab Petroleum Investments Corp (APICorp) announced it acquired a 30 per cent stake in Bahrain’s Falcon Cement Co (FCC), one of the largest cement producers in Bahrain. FCC has a current capacity of 1000tpd and is well on its way to more than double its production capacity to 2400tpd by 2017. The cement company is expected to capitalise on a series of major industrial and infrastructure projects that are fuelling the kingdom’s construction industry. The US... |
Medcem Cameroon to officially open 16 Dec13 December 2016, Published under Cement NewsMedcem Cameroon, owned by the Turkey-based Eren Holdings, will officially open its Douala plant on Friday, 16 December. With a production capacity of 0.6Mta, the cement plant represents an investment of XAF13bn (US$21m). The first cement was produced in October 2015. Medcem Cameroon is the third cement company to have launched on the domestic market in three years and the fourth cement producer in the country, joining LafargeHolcim subsidiary Cimencam, Dangote Cement and CIMAF. As ... |
Tanzania: workshop looks to attract more women to the cement sector12 December 2016, Published under Cement NewsTanga Cement PLC Communications and External Affairs Manager, Mtanga Noor, said women can be industry leaders in the cement sector. She was speaking in regard to the Tanzania Women Chamber of Commerce (TWCC) workshop on the role of women in the fifth-phase government industrialisation drive campaign that was held recently in Dar es Salaam. Ms Mtanga said that they spent TZS8m (US$3666) to sponsor the workshop but they want to see women integrating in brick making or producing as path in... |
Camargo Correa in talks to sell stake in Argentinian cement assets09 December 2016, Published under Cement NewsReuters reports that an anonymous source has disclosed that Brazilian engineering firm Camargo Correa has opened talks with a view to selling a 40 per cent stake in its Argentinian cement firm, Loma Negra Cia Industrial. Camargo Correa has raised US$2.5bn this year from asset sales, and has been examining the feasibility of selling all or part of its stake in Loma Negra and Brazil’s InterCement for the past two years. Sources close to the company said that Camargo Correa had previously... |