Cement News tagged under: corporate
FCT named in the top 100 South Australian companies09 December 2015, Published under Cement NewsFCT has announced that it has been named by Australian InDaily SA Business Index in the top 100 South Australian companies. “With their bursts of hot, red flames pumping out at the edge of cricket grounds to the sound of fast and loud music, FCT International has become a regular contributor to the atmosphere at major sporting events," according to the Business Index. The company is now a world leader in combustion engineering and currently consists of three businesses: FCT Combu... |
India: Jaypee Group may sell remainder of cement business08 December 2015, Published under Cement NewsIndia-based Jaypee Group is to offload the remainder of its cement business with disposals expected to be concluded by March, Business Standard (India) reported citing sources familiar with the deal. The proceeds will be used by Jaiprakash Associates to retire a part of its ~INR61,285 crore debt held in 2014-15, down from ~INR72,599 crore in 2013-14. Jaiprakash Associates had earlier sold two cement units in Gujarat and Madhya Pradesh to UltraTech Cement. It also sold its stake in the B... |
Polish monthly cement production up 3.1%08 December 2015, Published under Cement NewsCement production in Poland decreased by 3.1 per cent YoY to 1.22Mt in November, while sales rose by 3.6 per cent to 1.24Mt, Poland's Cement Producer Association said in a statement. Year-to-date production grew 0.6 per cent YoY to 14.65Mt. Meanwhile sales over the period rose by 1.1 per cent to 14.95Mt. |
Promoters of the Udaipur Cement Works to sell 13.64 per cent stake08 December 2015, Published under Cement NewsThe promoters of the Udaipur Cement Works, including JK Lakshmi Cement Ltd, will sell their combined stake of 13.64 per cent in the company. The promoters of Udaipur Cement Works will sell the stake through the offer for sale (OFS) route today. "The floor price offered under the sale shall be INR10 per share of Udaipur Cement Works Ltd," the promoters told the Bombay Stock Exchange. "JK Lakshmi Cement, Florence Investech and JK Paper, part of the promoter group of Udaipur Cements Works, in... |
Shanshui subsidiary alleges Tianrui takeover of unit was illegal08 December 2015, Published under Cement NewsTianrui Group's move to take full control over a unit of Shanshui Cement is facing challenges, Dow Jones reported. Shandong Shanshui Cement Group said in a statement on 'Chinamoney' that Shanshui Cement board's removal of management and directors from Shandong Shanshui was illegal as this required government approval. Chinamoney is an official site affiliated with the central bank, and is used by companies to post announcements about bonds. Tianrui, the largest shareholder of Shanshui Cem... |
Cyprus: change in VCW ownership structure08 December 2015, Published under Cement NewsThe Archbishopric of Cyprus purchased 12.84m shares of Vassiliko Cement Works (VCW) from the Hellenic Mining public company at EUR1.20/share. The total value of shares bought adds up to EUR15.4m. The transaction resulted in a change over the voting rights of the participating companies. Hellenic Mining voting rights in Vassiliko Cements, a subsidiary of the Cyprus Cement Public Company (CCPC), were reduced down to zero from 17.85 per cent whereas the Archbishopric of Cyprus increased its v... |
LH appoints Caroline Hempstead as Head of Comms, Public Affairs and Sustainable Development08 December 2015, Published under Cement NewsCaroline Hempstead has been appointed as Head of Communication, Public Affairs and Sustainable Development of LafargeHolcim effective 1 December 2015, reporting to CEO Eric Olsen. Since 2007, Caroline has been responsible for the global Corporate Affairs team at pharmaceutical company AstraZeneca, where she also chaired the Sustainability Council. Prior to joining AstraZeneca, Caroline spent 10 years in the oil industry at Royal Dutch Shell managing the reputation of Shell's global downstr... |
West China Cement becomes the 6th Chinese company to join the CSI07 December 2015, Published under Cement NewsWest China Cement Ltd (WCC) has become the sixth Chinese company to join the Cement Sustainability Initiative (CSI). WCC is the leading cement producer in Shaanxi Province, China, with its headquarters in Xi'an, a key gateway to the western region of China. In recent years, WCC has acted as a consolidator of cement assets in Shaanxi province and has also expanded production into both Xinjiang and Guizhou Provinces in western China. The group has a current annual capacity of 29.2Mta of cem... |
China: Anhui Conch Cement chairman retires07 December 2015, Published under Cement NewsAnhui Conch Cement Co said Friday chairman Guo Wensan is resigning as he has reached the retirement age. The Hong Kong-listed company said Vice Chairman Wang Jianchao will assume the chairman's duties until a new chairman is elected by the board. |
François Pétry takes helm of Aggregate Industries, UK04 December 2015, Published under Cement NewsAggregate Industries, part of the LafargeHolcim group, has appointed François Pétry as its chief executive officer, effective 1 December 2015. Pétry joins from his current role as CEO of LafargeHolcim Romania. He has a strong background in quarrying having held the role of General Manager for Aggregates in Holcim France since 2008 and prior to that, held senior roles in infrastructure, construction and waste industries in France. Commenting on his appointment as CEO, Mr Pétry said: "I’m ... |