Cement News tagged under: corporate
CRH outlook improves with construction activity07 April 2016, Published under Cement NewsStrong American and European construction activity has prompted JP Morgan Cazenove to hike its rating on cement maker CRH. The investment bank upgraded the London-listed group's rating from 'neutral' to 'overweight', as it believes the company's valuation is 'relatively attractive'. A respectable performance from the FY15 results together with a better-than-expected outlook commentary across the sector has encouraged analysts to see a bright future for CRH, which has been rapidly expanding... |
India: UltraTech receives state pollution control board OK for Nagpur07 April 2016, Published under Cement NewsUltraTech Cement Ltd has received approval by the Maharashtra Pollution Control Board to build a 2Mta grinding facility at Nagpur in Maharashtra, India. The clearance, which is valid until October 2020, includes strict conditions relating to the disposal of solid and liquid waste as well as prevention and control of air pollution. The new plant, which is expected to be constructed on a 99ha site, represents an investment of INR3.18bn (US$47.8m). The project includes a 12MW captive pow... |
United States: Ash Grove’s Leamington wins quality control award07 April 2016, Published under Cement NewsAsh Grove Cement Company’s Leamington plant has won an internal award for excellence in quality control. Commenting on the win, Mike Hrizuk, Ash Grove senior vice president in charge of manufacturing, said: “The Quality Award was established to recognise the plant that best implements quality control practices to ensure our customers a consistent, dependable, high-quality product that makes Ash Grove Cement Company the supplier of choice.” The company is using the Plant Technical Info... |
Yanbu Cement Co net profit down 11.1% in 1Q1607 April 2016, Published under Cement NewsYanbu Cement Company posted a 11.11 per cent decline in net profit for the first quarter of 2016, according to a bourse filing sent Wednesday. The cement producer generated SAR184m (US$49m) earnings in the three-month period, down from SAR207m reported in the same quarter a year earlier. Yanbu Cement ascribed the lower profits to a decline in sales volume in addition to a rise in fuel prices. |
HeidelbergCement to sell Italcementi's Belgian operations as part of integration plan06 April 2016, Published under Cement NewsHeidelbergCement has laid out its plans for the restructuring of Italcementi's operations following the former's moves to acquire a 45 per cent stake in the Italian firm last July. These include selling off Italcementi’s entire Belgian operations to address competition concerns. In a press release, HeidelbergCement said that the integration process will see the retention of Italcementi’s Italian operations and brand. The company adds that it expects the acquisition to be finalised by July... |
Ireland: dawn raid on CRH breached CCPC's warrant06 April 2016, Published under Cement NewsA "dawn raid" last year at CRH's Irish Cement plant in Drogheda, by state investigators investigating alleged breaches of competition law, breached the terms of the warrant by seizing the contents of a senior manager's email account. The Irish Times reported that personal correspondence of Seamus Lynch, the head of CRH's businesses in Ireland and Spain, was taken by the Competition and Consumer Protection Commission (CCPC), but the High Court has ruled that this should not have be... |
Afghanistan: Jabal Saraj reopens after 20 years06 April 2016, Published under Cement NewsThe Jabal Saraj cement plant in Afghanistan's Parwan province has resumed production two decades after its operations were halted due to the devastating civil war, which damaged almost all key infrastructure in the country. Wahid Sediqi, provincial governor’s spokesman, said the government has invested more than US$1m to help resume the operations of the factory, which was established in 1958 to produce 100tpd of cement to meet domestic demand. He said the works' capital is around US$2m ... |
Algeria: Beni Saf to install new bag filters "very soon"06 April 2016, Published under Cement NewsBeni Saf cement company is expected to install a new bag filter “very soon”, according to Mokhtar Tanem, director general of the cement plant. The new bag filter contains 39 bags and represents an investment of DZD702.6m (US$6.49m). Nine will be installed at the clinker extraction and storage point, 22 in the shipping area, five at the cement mill and sampling, one at the cooler and one for the raw mill and kiln. "The provisional allocation of the installation of this filter project a... |
Russia: LSR Group appoints members to the board at its AGM06 April 2016, Published under Cement NewsLSR Group has elected its new Board of Directors, consisting of nine members. The new board will now consist of: Aleksandr Vakhmistrov, Olga Sheikina, Evgeny Yatsyshin, Dmitri Gontcharov, Vasily Kostritsa, Andrey Molchanov and the three independent directors - Aleksey Makhnev,Vitaly Podolsky and Alexander Prisyazhnyuk. The AGCM also approved the annual report of OJSC LSR Group for 2015, prepared in accordance with FFMS requirements and annual financial statements 2015 (RAS) and decided to p... |
A TEC Group under new management06 April 2016, Published under Cement NewsFollowing the retirement of Hans Joachim Grieb, the ATEC Group comes under new management in April. Management tasks are being handed over to Wolfgang Hammer and Dr Stefan Kern. Wolfgang Hammer, currently global sales manager, will be the new managing director. Dr Stefan Kern has been appointed his deputy. Presently he is responsible for the markets of northern Europe, eastern Europe and South Africa. |