Cement News tagged under: corporate
Malaysia: Lafarge Malaysia buys local Holcim company23 November 2015, Published under Cement NewsLafarge Malaysia Bhd has bought Holcim (M) Sdn Bhd from PT Holcim Indonesia in a deal worth MYR325.5m (US$75.5m). Lafarge Malaysia Bhd now becomes part of the LafargeHolcim Group, the biggest materials firm globally. According to Lafarge, this newly-combined unit of Lafarge and Holcim Malaysia provides the most comprehensive network of facilities and widespread solutions in Malaysia. The joint entity grows the firm's standing as the preferred partner with technical expertise, support and ... |
US Cement’s new Brady plant moves closer to Brady City Council approval23 November 2015, Published under Cement NewsUS Cement is another step closer to building its new cement works in McCulloch County, Brady, Texas. The Brady City Council has authorised two proposed sales tax rebate incentives for a proposed cement plant that would be built in McCulloch County. The city sales tax rebate economic development incentive for the proposed plant would not exceed US$297,000 over nine years, or up to US$33,000 per year. The Brady Economic Development Corp incentive would be a one-time payment of US$250,00... |
Algeria: Beni Saf acquires three quarries23 November 2015, Published under Cement NewsSociété des Cements de Beni Saf has acquired three quarries to supply its second production line. The Dhayet Smaâ quarry has an estimated limestone reserve of 78.66Mt. In addition, the clay deposits of Koudiet El Tine (24.3Mt) and El Ancer will also supply the 2Mta cement line. The cement producer has acquired the quarries, which cover an area of 370ha, for a record DZD1.005bn (US$9.3m). Exploration work will be carried by CETIM, the Centre for Study and Technology Service of the Constr... |
LafargeHolcim 3Q15 results expected to reflect headwinds23 November 2015, Published under Cement NewsLafargeHolcim is due to report 3Q15 earnings on Wednesday, Analysts at Davy Stockbrokers said weak 3Q from the building materials giant will not surprise an already cautious market as many of the company’s key end-markets have deteriorated further with little expected in terms of recovery. "Weaker demand and overcapacity are intensifying price pressure at a difficult time for the group. Merging the world's two largest cement producers was never going to be easy, and macro headwinds make th... |
Morocco: Anouar Invest starts construction on second cement works20 November 2015, Published under Cement NewsMoroccan holding company Anouar Invest announced the start of construction of a new cement works at Laâyoune. Located in Foum El Oued, the new Cimsud plant represents an investment of MAD300m (US$29.98m) and will have a capacity of 0.5Mta. The unit is expected to come online in July 2017. Anouar Invest has also launched work on a 2.2Mta cement plant in Settat, via its subsidiary Atlantic Ciment. The MAD3bn facility is scheduled to enter production at the end of 2018. |
New brand identity for Thyssenkrupp20 November 2015, Published under Cement NewsTo reflect changes within its organisation over recent years, Thyssenkrupp yesterday announced the launch of a unified global brand, reflecting transformation of the Germany-based technology company to a diversified industrial group. “We are a different company today. We have become more diversified and as a result more stable,” says Dr Heinrich Hiesinger, CEO of Thyssenkrupp. Communications chief, Alexander Wilke, adds: “However, we are not yet perceived everywhere as the high-performanc... |
HeidelbergCement reportedly considering Uzbekistan investment20 November 2015, Published under Cement NewsUzstroymaterialy JSC and HeidelbergCement have started the active phase of negotiations for the acquisition of 35.9 per cent of shares of Uzbekistan cement producer Kyzylkumcement JSC, the company told Trend News Agency. In early November, the parties signed a memorandum of intent to acquire shares of the cement plant, according to the joint-stock company. “Currently, we define all the conditions for the strategic investor to enter the number of shareholders of the JSC, namely the cost of ... |
CRH reiterates 2015 guidance19 November 2015, Published under Cement NewsCRH reported that its third-quarter trading environment benefitted from continued positive momentum in the Americas where overall economic recovery is driving construction demand. The backdrop in Europe continues to be mixed but stable. Cumulative sales from continuing operations amounted to EUR15.5bn the nine months to the end of September, an increase of 16 per cent compared with the corresponding period in 2014. EBITDA from continuing operations was EUR1.5bn, an increase of 34 per cen... |
Cimpor hit by the weakness in Brazil19 November 2015, Published under Cement NewsCimpor's nine month turnover declined by 1.2 per cent to EUR1,927.9m and the EBITDA came off by 14.2 per cent to EUR395.1m as cement deliveries in Brazil, Egypt and South Africa fell by 15.8 per cent, 13.8 per cent and 7.7 per cent respectively. Argentina, on the other hand, improved shipments by 9.3 per cent. The trading profit (EBIT) came down by 22.7 per cent to EUR248.5m and the net financial charges declined by 4.6 per cent to EUR274m, to give a pre-tax loss of EUR25.5m compared with... |
Claudius Peters' ETA Cooler® exceeds 13,000tpd in China19 November 2015, Published under Cement NewsLaunched in 2004 by Claudius Peters Projects GmbH, the ETA Cooler® has reached a new capacity milestone as a model with a capacity of over 13,000tpd went into production earlier this year in China. Over the last decade or so the company has progressively offered the market increasingly higher capacity models, now reaching 13,000tpd – currently the world's highest capacity cement line production. Even higher capacity is feasible, the company states. Reiner Frühling, managing director of Cla... |