Cement News tagged under: corporate
Bangladesh: BCIC plans new Chhatak mill as cement demand rises08 September 2016, Published under Cement NewsBangladesh Chemical Industries Corp (BCIC), a unit of Bangladesh Ministry of Industries, is implementing a new cement mill project as the company converts its wet-process line at Chhatak Cement Company Ltd (CCCL) to dry-process. The project is estimated to take three years to complete through international tender. The factory is located in the district of Sunamgonj in northeastern Bangladesh and uses imported limestone from Megalaya, India. The plant currently has clinker and cement... |
India: Sagar Cements sales down 13.7% for 1HFY16-1708 September 2016, Published under Cement NewsSagar Cements has released its sales and production figures for the period to August 2016, reports Accord Fintech. These show that sales at the company fell by 13.73 per cent to 0.665Mt in the period April-August 2016 when compared to those of a year earlier. Production also declined, but less severely, being down by 1.52 per cent to 0.66Mt. In the month of August alone, sales were down 22.56 per cent to 0.108Mt, while production dropped to 0.102Mt, a fall of 11.21 per cent. Sagar C... |
Vietnam: Xuan Thanh Cement orders Loesche mills07 September 2016, Published under Cement NewsLoesche has won an order to supply two cement mills for a new line at Xuan Thanh Cement’s plant in Hà Nam in northern Vietnam. Xuan Thanh announced in March 2014 that it had secured government approval for its plans to expand its existing facilities at the plant to a capacity of 4.5Mta. The new mills will enable the company to realise this goal. The agreement will see Loesche supply two LM 56.3+3 CS cement mills a number of other components, including fresh material supply, the product... |
Consolidated Gold Holdings enters JV to acquire plant07 September 2016, Published under Cement NewsConsolidated Gold Holdings announced it has entered into a preliminary agreement to form a joint venture with a major Asian industrial and mining group to supply and distribute cement throughout the Philippines and Indonesia. The joint venture will include the acquisition of an existing 1Mta cement plant in the Philippines, which will be used to grind and process clinker imported from China and Vietnam. Product will then be shipped to the Northern Sulawesi Province in Indonesia for packag... |
Hong Kong: TCC International increases its shareholding in TCC07 September 2016, Published under Cement NewsTCC International Holdings Ltd (TCCI) declared that Chia Hsin Pacific Ltd under Chia Hsin Cement Corporation plans to sell off 3030m common shares in TCC to TCC International Ltd for HKD 2.2 per share or HKD667m in total. Payment will start on 8 September, after which TCCI will raise its shareholding in TCC from 56.92 per cent to 63.05 per cent, while Chia Hsin Pacific will then hold less than 10 per cent in TCC. |
Côte d'Ivoire: name change for Socimat07 September 2016, Published under Cement NewsLa Société ivoirienne de ciments et matériaux (Socimat) is changing its name to LafargeHolcim Côte d’Ivoire. “Resolutely committed to continuous satisfaction of its customers and partners, Socimat begins an important and decisive turning point in its 64-year history,” the company said in a statement. |
Fabrizio Pedetto appointed new Colacem general director07 September 2016, Published under Cement NewsFabrizio Pedetto has been appointed as the new general director for Colacem with responsibility for the Italian, Albanian and Spain markets. |
Ecocem invests EUR30m in new JV plant06 September 2016, Published under Cement NewsIreland’s Ecocem has invested EUR30m into a new production plant in the north of France as part of a joint venture with ArcelorMittal, the world’s largest steel company. The joint venture, in which Ecocem holds a 70 per cent stake, will increase the company’s capacity from 1.4Mta to 2Mta. The high-performance, low-carbon cement will be delivered to markets in the north of France and the UK. The step is the latest in Ecocem’s expansion from the UK. Earlier Ecocem built an import termin... |
PPC increase revenue and volumes in 3QFY15-1606 September 2016, Published under Cement NewsPPC reported a nine per cent YoY rise in quarterly sales revenue, commenting that sales revenue in South Africa increased two per cent and volumes by at least nine per cent in the company's 3QFY15-16. However, revenue outside of South Africa was even stronger, growing 19 per cent as a result of significant volume growth, newly commissioned plants in Rwanda and gains made through currency translations. CEO of PPC, Daryll Castle said, “the group's revenue has improved by six per cent suppor... |
India: Malabar Cement MD arrested over concessions to dealers06 September 2016, Published under Cement NewsMalabar Cement managing director K Padmakumar has been arrested in a corruption case. Raids were carried out by the authorities on 1 September 2016 at Malabar cement office at Valayar and at Padmakumar’s official residence. They also had examined the residence of Malabar Cement's Deputy Manager, Venugopal at Valayar, reports Kaumudi Online. The arrest was based on the complaints that Padmakumar allowed illegal concessions to cement dealers in Kozhikode, Malappuram and Thrissur and by thi... |