Cement News tagged under: corporate
Vietnam: second phase of Song Lam cement plant starts next month25 May 2016, Published under Cement NewsHoang Phat Vissai Group, one of the biggest cement groups in Vietnam, will start construction of the second phase of Song Lam cement plant with an investment of VND9.5trn ($422.22m) in Vietnam’s central province of Nghe An in June. The second phase with 6000tpd of clinker will be developed in the 2016-20 period. Song Lam Cement Plant is located in Bai Son commune and was transformed from the Do Luong cement plant. The plant has a capacity of 18,000tpd of clinker and is being developed ... |
Australia: Adelaide Brighton sales boost25 May 2016, Published under Cement NewsAdelaide Brighton expects improved sales in several of its key products largely due to demand from east coast markets. Martin Brydon, Adelaide Brighton chief executive, said at the company’s annual meeting that the firm expects significant growth in the sales of pre-mixed concrete and aggregates in 2016 as a result of stronger east coast markets. However, Mr Brydon went on to say that 2016 sales volumes of cement and clinker are expected to be similar or slightly less than those in ... |
India: Prism Cement 4QFY16 profits fall 95% YoY25 May 2016, Published under Cement NewsPrism Cement’s net profits for the quarter to 31 March 2016 fell to just INR30m (US$445,000), down 95.2 per cent YoY, reports India Infoline. Net revenues at the company rose by 4.1 per cent YoY to INR15.9bn (US$236m), while profit margins were estimated at 6.3 per cent. Indian producers have struggled over the past year as low prices have hit profits even as volume sales have risen. |
Brazil: LafargeHolcim opens new production line in Barroso24 May 2016, Published under Cement NewsLafargeHolcim has begun production at a new line in its Barroso plant in the state of Minas Gerais, Brazil. The new line raises the plant's capacity to 3.6Mta. Equipment includes the world's largest vertical cement mill, with 450tph production capacity as well as a Horomill for raw material grinding with low power consumption, and a fully-automated quality control laboratory. The new line will allow the reduction of total costs per tonne of cement by around 25 per cent from 2014 to 2017. ... |
Creditors seek to sell Hyundai Cement stake24 May 2016, Published under Cement NewsCreditors of Hyundai Cement seek to sell their majority stake in the South Korean cement producer as early as July, according to local news reports. State-run Korea Development Bank (KDB), the largest stakeholder of Hyundai Cement with a 27.94 per cent stake, and other creditor banks including KEB Hana Bank hold a combined 95 per cent stake. The speeding up of the sales process comes as uncertainties over the cement maker’s payment guarantee in the Pi City development project have bee... |
China: West China Cement to agree to Anhui Conch ownership24 May 2016, Published under Cement NewsYesterday, shares in West China Cement rose nearly six per cent on news that a sufficient majority of option-holders had agreed to an acquisition by largest listed Chinese peer, Anhui Conch Cement, reports the Australian Financial Review. The deal should have the government's blessing as further consolidation is needed in the sector. Last week, the State Council reiterated its desire for a more concentrated industry. It wants the top 10 players to control three-fifths of capacity by 2020. ... |
LafargeHolcim appoints head of organisation and Algeria CEO24 May 2016, Published under Cement NewsLafargeHolcim has appointmented Caroline Luscombe as the group’s new head of organisation and human resources and member of the executive committee from 1 July 2016, based in Zurich. Caroline will take over responsibility for organisation and human resources from Jean-Jacques Gauthier, chief integration officer – organisation and human resources, who will be taking up a post as country CEO Algeria. Caroline Luscombe joins LafargeHolcim from Syngenta where she has been head of human resourc... |
France: Daniel Group to buy Lafarge quarries24 May 2016, Published under Cement NewsDaniel Group is to buy three assets of Lafarge in France. The Baudreix-Mirepeix site comprises a 200,000tpa alluvial gravel quarry and a concrete plant. The agreement will also include the acquisition of the 350,000tpa Louvie-Juzon, an open pit limestone quarry, as well as a further concrete plant. These purchases add to the offer of the construction material specialist, which aims to broaden its customer base. With these acquisitions, the Daniel group owns 19 sites, reports Aggregate Resea... |
Indonesia: PT Semen Baturaja acquires syndicated plant loan23 May 2016, Published under Cement NewsSemen Baturaja plans an IDR3.32trn (US$245m) unit in Baturaja, Ogan Komering Ulu, South Sumatra and to carry this project the company has sought a loan from PT Bank Negara Indonesia and PT Bank Pembangunan Daerah Sumatera Selatan dan Bangka Belitung, or Bank Sumsel Babel. IDR1.4trn will come from Bank Negara and the remaining IDR100bn will be leant by Bank Sumsel Babel. The new plant, which is expected to start operations next year, will have a production capacity of 1.85Mta. It will b... |
Lafarge Africa appoints new group managing director23 May 2016, Published under Cement NewsLafarge Africa Plc has announced the appointment of Michel Puchercos as its new group managing director/CEO. A French national, Mr Puchercos has worked in South Korea, Kenya, Uganda, Tanzania and France and speaks various languages including French, English, Korean, Spanish and Swahili. He started his career in 1982 at the French Ministry of Agriculture, where he was head of two departments. He left the ministry after seven years to other companies as general manager and executive vic... |