Cement News tagged under: corporate
Germany: HeidelbergCement applies for new Vohenbronnen quarry permit17 June 2016, Published under Cement NewsHeidelbergCement has applied for a new, long-term mining permit for the Vohenbronnen quarry. The current authorisation expires in 2020, the company announced. The Schelklingen cement plant extracts raw materials from the Vohenbronnen quarry, which is located just 3km away, situated in the districts of Schelklingen, Schmiechen, Pappelau and Ringingen. The raw material is then transported on a 2km-long conveyor belt directly into the cement plant. The Schelklingen cement plant needs 2Mta t... |
Thailand: Asia Cement wants mine issue resolved17 June 2016, Published under Cement NewsAsia Cement Plc has set up talks with the Industry Ministry to try to resolve its revoked licence to operate a limestone mine, reports the Bangkok Post. Asia Cement was granted a licence to operate a limestone mine in Nakhon Si Thammarat province in 1997, expecting the mine would help increase its cement production to meet rising demand in the south. However, in 2015, the Ministry of Natural Resources and Environment's Forestry Department issued an order announcing the area was a con... |
Vietnam Construction Material Co launches Dong Nai plant17 June 2016, Published under Cement NewsVietnam Construction Material Company (VCM) has inaugurated a new cement plant in the northern province of Dong Nai, reports Vietnam News Brief. VCM also has a clinker production plant in Van Hoa commune in Tuyen Hoa district in the central province of Quang Binh, with a capacity of 5000tpd and five cement grinding stations in the southern region. VCM currently sell over 200,000t of clinker and 40,000t of cement with StarCemt brand each month. The company's cement products are currently ... |
Market analysts upgrade outlook for Cemex shares17 June 2016, Published under Cement NewsCemex SAB de CV was upgraded by analysts at Scotiabank from a "sector perform" rating to an "outperform" rating in a note issued to investors on Thursday, The Fly reports. However, shares of Cemex SAB de CV traded down 2.12 per cent during trading on Thursday, hitting US$6.01. The stock had a trading volume of 1,815,899 shares. Cemex has a 52-week low of US$3.50 and a 52-week high of US$9.40. The company has a market capitalisation of US$63.41bn and a PE ratio of 375.62. The firm has a 50... |
Eurocement eyes Denmark and Britain markets16 June 2016, Published under Cement News“Contracts in Denmark and Britain are forthcoming,” according to Eurocement’s CEO, Mikhail Skorokhod, as the company expands its global reach. Since the end of 2016, the Russian cement producer has been exporting increasing volumes to Finland and the Baltic states. “In Finland our share has already reached five per cent of the market, and in our view, that is a very good result," he said in an interview with PwC. “The devaluation of the ruble creates opportunities to expand exports.” ... |
China Shanshui’s Liaocheng unit ‘illegally occupied’16 June 2016, Published under Cement NewsIn a fresh twist in the ongoing troubles of China Shanshui Cement Group, the company has announced that a unit of its subsidiary, Liaocheng Shanshui Cement, has been ‘illegally occupied’ by 200 unidentified people, Bloomberg reports. According to a statement to the Hong Kong stock exchange, the firm claims that the occupation was carried out on the orders of former chairman Zhang Bin and founder Zhang Caikui. China Shanshui has been struggling to assert its control over Shandong Shansh... |
Holcim gets approval for extension Eclépens quarry15 June 2016, Published under Cement NewsHolcim has received approval to extend the quarry at the Eclépens cement works in Switzerland. The company exploits the La Birette quarry in the Mormont hills, Vaud canton. The extension will allow the cement maker to increase its production capacity and enable production to continue until 2029. |
India: KCP plans to double capacity at Muktyala plant15 June 2016, Published under Cement NewsSpeaking in an interview on CNBC-TV18, GN Murty, CFO of KCP has set out his company’s plans to expand its Muktyala integrated plant from 1.8Mta to 3.5Mta at a cost of INR4bn (US$60m). The new unit will come on-stream in 2018, bringing KCP’s capacity up to 4.4Mta. Three quarters of the cost of the new plant will be financed from borrowing, with the balance raised from KCP internally. |
Nigeria: Dangote appoints non-executive director15 June 2016, Published under Cement NewsDangote Cement PLC, Africa’s largest cement producer, announces the appointment of Dorothy Udeme Ufot, SAN, as an independent non-executive director. Mrs Ufot has more than 26 years’ experience in commercial litigation at trial and appellate levels, having been admitted to the Nigerian Bar in 1989 and then admitted to the Inner Bar as a Senior Advocate of Nigeria (SAN) in April 2009. She also qualified as a Chartered Arbitrator at the Chartered Institute of Arbitrators, London, in 2003. ... |
India: Parth Jindal appointed MD of JSW Cement15 June 2016, Published under Cement NewsParth Jindal, son of the chairman of the JSW Group, has been appointed as managing director of its cement business, JSW Cement, the Hindu’s Business Line reports. He will take up his appointment in July. The Hindu reports that Mr Jindal, who has worked as an economic analyst for JSW Steel, has already taken an interest in the cement business, persuading the group to invest INR8bn (US$120m) to build a grinding unit at a new integrated steel plant. |