Cement News tagged under: corporate
Germany: Refratechnik appoints new managing director15 June 2016, Published under Cement NewsMr Wolfgang Tabbert, managing director of Refratechnik Cement GmbH, has handed over his duties to his colleague Dr Stefan Puntke, whose field of activities will now be handled by Dr Christian Meyre. Wolfgang Tabbert has worked for the company for more than 30 years, five of them as sales manager, and 13 years as managing director. To ensure a smooth transfer and termination of his activities, he will continue to act as consultant for Refratechnik Cement for a while. Refratechnik Holding... |
PPC sees six-month revenues and volumes flat14 June 2016, Published under Cement NewsIn its trading figures for the six months to 31 March 2016, PPC saw its operating profits fall by three per cent to ZAR733m (US$48m). Revenues were flat at ZAR4501m (US$294m), down one per cent on the same period in 2015. Likewise, volume sales were down one per cent overall, although in South Africa volumes rose by one per cent. Despite higher volumes, revenues in South Africa fell due to lower prices, while in the rest of Africa revenues rose by six per cent to ZAR1367m (US$89m). This f... |
Holcim Romania launches new products14 June 2016, Published under Cement NewsHolcim Romania has launched a new range of bagged cement products designed to meet the needs of the country’s construction sector. The new range of Holcim products delivered in bags comprises: Structo Plus 20/40kg, Structo 40kg, Extra Dur 52 40kg and Tenco 40kg. Sofiane Benmaghnia, CEO Holcim Romania, said: “Our focus on customers and desire to build sustainable partnerships prompts us into constantly innovating. We want to see our solutions put in place, in more resistant, durable and... |
Vietnam Building Materials opens new plant in Dong Nai province14 June 2016, Published under Cement NewsVietnam Building Materials (VCM) has officially opened a cement factory for its StarCemt brand in the Bien Hoa Industrial Zone, Dong Nai province. The company's cement products are currently distributed to more than 900 customers through shops and distributors from Binh Thuan to Ca Mau. VCM also has a clinker production plant in Van Hoa, Tuyen Hoa district, province Quang Binh, with a capacity of 5000tpd and a cement grinding plant in the south. The StarCemt brand was established on... |
LafargeHolcim plans further asset sales13 June 2016, Published under Cement NewsIt has been revealed that LafargeHolcim is under pressure to find further synergies for the newly-formed cement major. LafargeHolcim was created by a EUR41bn merger last year but is stepping up its post-deal disposal programme with planned asset sales in an another nine countries, claims the Financial Times. Eric Olsen, LafargeHolcim's chief executive, has been prompted by investors to boost the group's performance, which has been hit by severe global pricing pressures and weak economic gr... |
Semen Indonesia to sell 49% stake in unit13 June 2016, Published under Cement NewsIndonesia's largest cement producer, Semen Indonesia, plans to sell a 49 per cent stake in one of its units to help fund the company's future expansion, according to Investor Daily quoting the firm’s Finance Director, Darmawan Junaidi. The strategic investor will hold the stake for a limited period, tentatively 10 years. However, which subsidiary's stake will be sold remains currently undisclosed. Semen Indonesia has four subsidiaries – PT Semen Gresik, PT Semen Padang, PT Semen Tonasa and... |
USA: Exshaw modernisation produces first clinker10 June 2016, Published under Cement NewsThe Lafarge plant at Exshaw celebrated a key accomplishment as groundwork continues for the next chapter in the cement plant's 100-plus-year history. The Exshaw expansion is currently the biggest global investment Lafarge is undertaking, and now the cement company is able to see the rewards of its expensive expansion come to life. First clinker was achieved at the multi-hundred million-dollar plant expansion from the newly-established Kiln 6. “What we achieved (on May 22) was a major... |
Bolivia: Fancesa seek new transport solution10 June 2016, Published under Cement NewsFancesa will study a project for its own road transport company put forward by the Chuquisaca government. The firm is in the middle of a dispute with local unionised truck drivers who anticipate that the new business unit will be a total failure. Fancesa has reportedly received an offer from Volvo that could provide at least 100 trucks immediately. |
Indian producers line up for LafargeHolcim's Sri Lankan operations10 June 2016, Published under Cement NewsA shortlist of potential buyers in the sale of LafargeHolcim's Sri Lankan operations have been named as Dalmia Bharat, Shree Cements along with Ramco after an initial round of screening. The global cement major is divesting its business in Sri Lanka as part of a global portfolio realignment. With an estimated 2.3Mta grinding capacity and a 1.8Mta clinker capacity, it currently controls 40 per cent of the 6Mta Lankan market, said analysts tracking the sector. To put it in perspective, the ... |
Fabrizio Donegá new CEO of Cementos Moctezuma10 June 2016, Published under Cement NewsFabrizio Donegá has been appointed as new CEO of Cementos Montezuma following the retirement of Pedro Carranza Andersen after 21 years of service with the company. The appointment was formally approved by the Board of the Cementos Molins subsidiary on 3 October 2016. Mr Donegá has extensive experience in the cement industry in key positions at Ciments du Maroc, Vassiliko Cement Works, Shymkentcement and Italcementi. |