Cement News tagged under: corporate
GCC to invest US$90m in US plant10 September 2015, Published under Cement NewsGrupo Cementos de Chihuahua (GCC) will invest up to US$90m in the next two years to increase capacity at one of its three US plants, while assessing further acquisition opportunities, according to Luis Carlos Arias, finance director of GCC. The investment will enable GCC to nearly double capacity at its South Dakota works. The facility currently has a production capacity of 0.7Mta, which is expected to increase to 1.2Mta upon completion of the project. GCC has a global production capa... |
Vicat launches new range of high performance cements10 September 2015, Published under Cement NewsVicat is launching a new range of “ultra-performing” cements: Alpenatup, Ultimatup, Smartup and Promptup. The latest additions to the Vicat product range are particularly suited to the construction, public works and civil engineering markets, according to the company. "We wanted to give this range of ultra-high performance cements an easily-understood name as well as a colour code that is consistent and simple, integrating it in our existing ranges. The technical expertise of the Vicat Grou... |
Pakistan's August sales buoyed by domestic dispatches09 September 2015, Published under Cement NewsPakistan cement dispatches rose by 10.24 per cent in August 2015 to 3.061Mt despite a 31 per cent drop in exports. According to the data released by All Pakistan Cement Manufacturers Association (APCMA), domestic sales during August 2015 increased by 28 per cent to 2.494Mt from 1.94Mt a year earlier. Dispatches from the North Zone were up by 22.8 per cent YoY to 2.024Mt (August 2014: 1.648Mt), while in the South Zone sales increased to 0.47Mt from 0.3Mt in the same month of the previous y... |
Essroc Italcementi Group announces new CEO09 September 2015, Published under Cement NewsThe Italcementi Group has appointed Alex Car as the president and CEO of its Essroc North American operations. Car previously served as Essroc senior vice president of cement sales and marketing and general manager of construction materials. “I am honoured to be appointed as Essroc’s CEO,” Mr Car said. “It is a privilege to be part of an organization that delivers high-quality products and innovative solutions to the construction industry. I am committed to empowering Essroc’s talented team... |
Lucky Cement full-year profit advances, Pakistan09 September 2015, Published under Cement NewsLucky Cement Ltd reported net profit of PKR12.43bn (US$119m) for the year ended 30 June 2015, representing a 9.6 per cent YoY increase. Revenue advanced by 3.9 per cent to PKR44.76bn compared to PKR43.08bn a year earlier. The increase was mainly attributed to higher sales local volumes which rose by seven per cent YoY to 4.42Mt. However, exports declined by 4.5 per cent to 2.37Mt compared with 2.48Mt during the year before. On a consolidated basis, Lucky Cement reported net profit of P... |
Cementos Argos launches brand in Puerto Rico09 September 2015, Published under Cement NewsColombia-based cement producer Cementos Argos has completed its entry into the Puerto Rican cement market by launching its brand locally. The company is importing cement through a terminal, of which it assumed leadership since 1 May 2015. “Through this new receipt, storage and distribution terminal, we are making all of our experience, knowledge and innovation available to the local market. All of these elements together, in combination with our personalised technical advice and industrial ... |
LafargeHolcim offer to pay down €1.75bn debt08 September 2015, Published under Cement NewsLafargeHolcim announced that they have offered to pay down EUR1.75bn worth bonds (average cost of 5.8 per cent) with an expiration date of 15 September. JP Morgan believe this should lower the annual interest cost by CHF423m and help the group in attaining a lower cost of debt. It further believes the company has the ability to further lower gross debt following the disposal of assets to CRH for EUR6.5bn. |
Buzzi Unicem to build new Texas rail terminal, USA08 September 2015, Published under Cement NewsBuzzi Unicem USA is to construct a US$7m rail terminal in northwest Temple, Texas, officials announced Friday. The terminal will use at least 1000 rail cars each year for cement distribution. As part of the project, Buzzi Unicem USA will add a rail spur, a secondary rail line that will branch off from the main rail line in Temple. “Temple is the ideal location for our company because it is a business-friendly city in the middle of one of our largest target markets,” Richard A. Sutter, t... |
CRH appoints Group Finance Director08 September 2015, Published under Cement NewsCRH announced yesterday the appointment of Senan Murphy as Group Finance Director with effect from 4 January 2016. Senan will succeed Maeve Carton who will become Group Transformation Director as previously announced. Both will be members of the Group Board. Senan (46), is a Chartered Accountant and holds a Bachelor of Commerce degree from University College Dublin. He has over 25 years’ experience in international business across financial services, banking and renewable energy. Senan wil... |
Umm Al Qura Cement signs deal with CNBM International Engineering08 September 2015, Published under Cement NewsUmm Al Qura Cement has signed an agreement with CNBM International Engineering to operate a cement production line, the company said in a bourse statement on Monday. The SAR32m (US$8.5m) agreement covers the experimental operational period and first year of operation. The deal will be financed from the company’s cash sources. |