Cement News tagged under: corporate
Cemex stock falls over Brexit fears28 June 2016, Published under Cement NewsCemex saw a further day of losses at the Mexican Stock Exchange (BMV). Since Friday, its shares have fallen 14.74 per cent following the announcement of the UK’s departure from the EU. On Monday, shares fell 5.6 per cent to close at a price of MXN10.61 (US$0.56)/share. The fall is attributed to the potential impact of Brexit on the company’s UK operations following the surprise result of the referendum held on Thursday, explained Marco Medina, analyst at Grupo Financiero Ve por Mas. He ad... |
CRH reported to carry out due diligence on HeidelbergCement's US assets28 June 2016, Published under Cement NewsIreland-based building materials giant CRH is reportedly among bidders for the US assets put up for sale by HeidelbergCement to appease competition authorities over its Italcementi acquisition. CRH and US company Summit Materials are among bidders chosen to carry out due diligence for US$600m of US assets, according to Bloomberg. In April CRH’s CEO Albert Manifold had already indicated that the group was interested in the Germany-based cement producer. |
Cemex celebrates Panama Canal expansion inauguration28 June 2016, Published under Cement NewsAs the Panama Canal expansion was successfully inaugurated on Sunday, Cemex celebrated along with other suppliers and local dignitaries. The company supplied close to 1Mt of specially-developed cement for the project. “CEMEX congratulates the Government, the Panama Canal Authorities, and especially the Panamanian people for the key role they played in this iconic project, which will change the dynamics of global trade and economy,” said Fernando A. Gonzalez, CEO of CEMEX. “Our ability to... |
South Korea: Sungshin shares down27 June 2016, Published under Cement NewsSouth Korean company Sungshin Cement has been ranked in the bottom quartile of BSS News Bites South Korean performers for the past year. The company’s performance saw it placed 1519/1756 in the ranking, a percentile ranking of 13. Sungshin shares were also down 35.3 per cent for the year ended 27 June 2016. After climbing from KRW2920 (US$2.47) five years ago to KRW15,300 (US$12.95) one year ago, share price stood at KRW9900 (US$8.38) for this last year. |
Egypt: Suez Cement ranked bottom27 June 2016, Published under Cement NewsEgyptian company Suez Cement has ranked in the bottom quartile of the country’s performers for the year just passed. The company’s performance saw it ranked 144/144 in the BSS News Bites ranking for Egypt, a percentile ranking of zero. Alongside this low ranking, Suez Cement’s shares also fell 66.8 per cent for the year ended 26 June 2016. Five years ago share price stood at EGP38.75 and fell over the next two years to EGP21.00. Two years ago the company saw its share price rise again to ... |
Holcim Indonesia in lower quartile27 June 2016, Published under Cement NewsHolcim Indonesia has ranked in the lower quartile of Indonesian performers for the past year. The company was ranked 274/325 in the BSS News Bites ranking of Indonesian performers in the past year. Shares for the company fell by 32.4 per cent for the year ended 27 June 2016. Revenue growth for Holcim Indonesia had seen a downward trend for the years 2011 to 2013. In 2011 revenue growth stood at 26.2 per cent, falling to just 7.5 per cent in 2013. However, in 2014 it saw a slight climb, re... |
Cementos Argos completes Panama Canal shipments27 June 2016, Published under Cement NewsCementos Argos completed the shipment of 1.1Mt of cement in May to the Panama Canal expansion project. Around 760,000t of Type II cement and 340,000t of pozzolan-based product were delivered. The Latin American cement major worked over a year in the development of a product that met the specific technical characteristics - durability, sulphate resistance and low hydration heat - required by the project. Special clinker was then produced at its Cartagena works in Colombia before further pr... |
Russia: CNBM to buy shares in Eurocement27 June 2016, Published under Cement NewsChina National Building Materials Group Corporation (CNBM) plans to become a shareholder of Russian cement producer Eurocement Group, the latter company said in a statement Monday. The companies signed an agreement on cooperation in production of construction materials. “The Chinese corporation plans to enter the shareholder equity of Eurocement Group in order to implement the investment projects we have announced,” the Russian company said. The companies agreed to upgrade Eurocement’s ... |
Pakistan: Environment agency orders two plant closures24 June 2016, Published under Cement NewsPakistan’s Environmental Protection Agency (EPA) has ordered two cement plants to close for filing to install measures to control dust emissions, according to reports in the local press. The plants affected belong to Dewan Cement and Kohat Cement. A spokesperson for the EPA said that both companies had been told to act to curb dust pollution but not done so to date. Dewan Cement’s Hattar plant had been given an eight-month grace period to install German-built dust mitigation technology, ... |
Nepal: Hongshi-Shivam plant faces possible delays24 June 2016, Published under Cement NewsHongshi-Shivam Cement’s plans to build a 2Mta cement plant in Nawalparasi in southern Nepal have run into problems over the amount of land needed for the project, Xinhua reports. Under Nepali law, government ministers must approve land sales above eight hectares, while Hongshi-Shivam has said it requires 40ha to build the plant. A director at Hongshi-Shivam, Satish More, said: "The Land Reform Ministry has sent the proposal of clearing our company to hold more lands to the cabinet. We are... |