Cement News tagged under: corporate
South Korea: Hyundai Cement auction set to raise KRW600bn09 December 2016, Published under Cement NewsThe auction of Hyundai Cement, preliminary bidding of which is scheduled for 16 December, is set to attract bids from multiple prospective buyers, with the assets expected to fetch up to KRW600bn (US$515m), reports Korea’s Pulse. Hyundai Cement currently supplies seven per cent of the domestic market, and the company’s location in the country’s interior makes it particularly attractive to Korea’s coastal cement producers, Ssangyong Cement Industrial Co, Tongyang Cement & Energy Co, and La... |
Pakistan: Lucky Cement considers buying Hattar plant and investing in Iraq09 December 2016, Published under Cement NewsLucky Cement has announced that it has begun the due diligence process for the purchase of Dewan Cement’s 1.134Mta Hattar plant and that separately it would look to expand its grinding plant in Basra, Iraq, according to Pakistan’s The News. Lucky’s corporate strategy calls for an expansion of its business into northern Pakistan, for which the Hattar plant – located around 25km from Islamabad – is well suited. The Basra plant, which Lucky holds as a joint-venture with an Iraqi partner, ... |
Cemex targets TCL acquisition09 December 2016, Published under Cement NewsThis week Cemex launched a bid to acquire Trinidad Cement Co Ltd (TCL) via its subsidiary Sierra Trading, which would consolidate the strength of Cemex in the region, while providing investment for the Caribbean cement sector. The interest in TCL by Cemex is long held and the Mexican multinational already has 39.5 per cent of the shareholding in TCL group via Sierra Trading. Cemex now aims to acquire up to 132,616.942 ordinary shares in TCL for TTD4.50 per share, which if successful, tog... |
Taiwan Cement plans to increase exports to China08 December 2016, Published under Cement NewsThe Taiwan Cement Corporation has said that it expects to ship 1.1Mt of cement to China in the first quarter of 2017, an increase of two per cent on its performance in 1Q16, the Taipei Times reports. In an earnings statement covering the first nine months of 2016, Taiwan Cement saw its profit increase by 13.7 per cent to TWD4.5bn (US$141m), driven by rising prices and a fall in the cost of coal. The company’s exports to China reached 3.9Mt in the first three quarters of 2016, up 10 per... |
India: panel discusses Khrew cement plant modernisation07 December 2016, Published under Cement NewsThe Committee on Public Undertakings of the Legislative Assembly met to discuss a modernisation project for the upgrade of Jammu and Kashmir Cements Ltd's Khrew cement plant. The committee held discussions regarding the finances and working results, non-finalisation of annual accounts, manufacturing process and operational performance, production performance of the Khrew cement factory, mining of limestone and the performance of new cement plants and old cement plants working in the... |
Philippines: Cement firms win environmental and mining safety awards07 December 2016, Published under Cement NewsApo Cement Corporation has won awards for safety and environmental standards at the Presidential Mine Safety and Environment Conference organised by the Philippine Mine Safety and Environment Association, the Manila Bulletin reports. The Cemex Philippines subsidiary received the Presidential Mineral Industry Environment Award (Platinum) for Mineral Processing and was declared winner for the Safest Mines Award in the Cement Plant category, with Taiheiyo Cement Philippines taking second pla... |
Pakistan: FCCL calls board meeting to approve waste heat project07 December 2016, Published under Cement NewsFauji Cement Company Ltd (FCCL) has informed the Pakistan Stock Exchange that a special Board of Directors of the company will be held on 9 December 2016 to discuss and approve the waste heat recovery power plant (WHRPP) for Line 1, and Wärtsilä's captive power plant at Jhang Bahtar, district Attock, Pakistan. FCCL plans to install 9MW WHRPP at its 3700tpd cement plant and a 16MW Wärtsilä power plant. |
Hazemag appoints new Vice President07 December 2016, Published under Cement NewsHazemag have appointed Erik Bach to the position of Vice President of Minerals Processing, effective as of 1 January 2017. Mr Bach has previously held positions at FLSmidth, where he was ranked in the top 100 of management. Mr Bach intends to focus on the technology leadership for established products, the consistent completion of the product portfolio and the expansion of the company’s markets. |
Côte d'Ivoire: Anyama grinding unit nears completion06 December 2016, Published under Cement NewsOumar Tembely, the director and resident head of mission of the West African Development Bank (BOAD) in Côte d'Ivoire, led a delegation on Saturday to see the progress being made in its investment of Diamond Cement's new grinding station, located 40km from Abidjan, on the road leading to Adzopé. The construction of the Anyama plant started in January 2015. Currently, the rate of completion of work is estimated at 85 per cent. The end of the construction, which currently employs around 2... |
Tanzania: Tanga Cement wins finance award06 December 2016, Published under Cement NewsTanga Cement Co Ltd (TCCL) has won the award for the best presented financial statement for 2015 from the National Board of Accountants and Auditors (NBAA). The NBAA award seeks to promote integrated reporting through enhanced accountability, transparency and integrity in compliance with appropriate financial reporting framework. The awards are presented annually by the board to various public and private institutions and companies which have consistently maintained the required financia... |