Cement News tagged under: corporate
SAMSON Materials Handling appoints new MD09 July 2015, Published under Cement NewsSAMSON Materials Handling, part of the AUMUND Group, has appointed Malcolm Youll as its new managing director. Mr Youll will be based at the SAMSON office in Cambridgeshire, UK. Mr Youll brings vast international experience of the capital equipment industry and complex engineered solutions having worked for CNH, CAT and Cargotec, SAMSON said in a statement. His wide range of experience in the field of Mining and Ports & Terminals will expand the SAMSON Materials Handling activities in the v... |
Torre Reforma: a concrete giant in Mexico City09 July 2015, Published under Cement NewsEven before its official inauguration in late 2015, Torre Reforma, designed by the Mexican architect Benjamín Romano from LBR&A Arquitectos, is already an architectural icon in Mexico. At 807ft and 57 levels, this emblematic corporate building is the tallest in Mexico City. Characterised by both its slimness and strength, the walls that serve as the backbone of the tower were built with Cemex Fortis. The high-strength properties of this concrete allow it to bear the weight of the slabs, wh... |
Holcim's public exchange offer for shares of Lafarge completed successfully08 July 2015, Published under Cement NewsThe public exchange offer made by Holcim Ltd for Lafarge SA has been successful, bringing the merger of the world's two largest cement majors close to completion. The French market watchdog, Autorité des marchés financiers (AMF), said as of 7 July 2015, a total of 252,230,673 shares representing 87.46 per cent of Lafarge's share capital, and at least 81.47 per cent of voting rights of Lafarge SA, has been offered by shareholders fulfilling the conditions for the merger to go ahead. The succ... |
Conch reduces shareholding in two producers08 July 2015, Published under Cement NewsAnhui Conch Cement has sold its shares in Xinjiang Qingsong Building Materials and Chemicals Group and Tangshan Jidong Cement Co in the April-June 2015 period, according to Reuters. The disposals amounted to a net profit of US$217m, the report added. |
CG signs global supply agreement for electrical motors with Lafarge08 July 2015, Published under Cement NewsAvantha Group company CG has signed a global supply agreement with cement major Lafarge for electrical motors. "We are extremely pleased to have entered into this agreement and have CG as a preferred partner for Large Motors. CG’s ability to provide flexible designs, high quality and cost effective solutions were key factors that Lafarge considered while making this decision," said Michel Edmont, Senior Vice President - International Sourcing, Lafarge Cement. For decades,CG has been provi... |
Cementos Argos begins to pay 2014 dividends08 July 2015, Published under Cement NewsColombian cement company Cementos Argos has started paying shareholder dividends corresponding to its 2014 to profits. Common stock shareholders will receive COP44.5/share. Those with preferential shares will receive COP57.75/share. Before 2015 ends, the firm will release dividend payments of COP253.30bn (US$96.06m), from a profit of of COP291.8bn achieved in 2014. Last year's profits were 59 per cent higher than those recorded in 2013. Cementos Argos recorded sales of over COP5trn in 2... |
S&P downgrades PPC on increasing debt07 July 2015, Published under Cement NewsStandard & Poor's Ratings Services (S&P) has lowered its long-term South Africa national scale rating on heavy building materials producer PPC Ltd to 'zaA' from 'zaA+'. At the same time, it affirmed the 'zaA-2' short-term South Africa national scale rating on PPC. S&P said it expects PPC’s net financial debt to increase materially over the near-term due to its increased capital expenditure on expansiory projects in the Sub Saharan region. The company’s strategy is to grow its Sub-saharan ac... |
Graymont finalises Holcim NZ lime acquisitions07 July 2015, Published under Cement NewsGraymont has finalised the previously-announced acquisition of two New Zealand-based producers, McDonald’s Lime and Taylor’s Lime from Holcim. “Completion of this acquisition represents a milestone in terms of extending Graymont’s reach beyond North America to serve new customers in select global markets,” stated Graymont President and Chief Executive Officer, Stéphane Godin. “We have great confidence in the long-term growth prospects of the New Zealand economy and the region.” Gl... |
Cementos Molins appoints new CEO06 July 2015, Published under Cement NewsCements Molins has appointed a new CEO, Julio Rodríguez. Mr Rodríguez worked formerly at Schneider Electric and is since 1 July the first CEO outside the Molins family. He is expected to continue the overseas expansion of Cementos Molins. "If there is something we should do, it is to continue the growth plan. With new ideas, new investments, we'll see where, but with the growth plan." Despite the pick-up in its home market of Spain, Cementos Molins is centring its investment in Latin Americ... |
Semen Baturaja sales up by a quarter06 July 2015, Published under Cement NewsIndonesia's state-owned cement producer PT Semen Baturaja Tbk has posted sales of over 600,000t so far this year, up 25 per cent from the same period last year, Reuters reported citing an article in the Investor Daily Several projects kicking off in South Sumatra contributed to the sales, which have reached only 38 per cent of this year's target of 1.75Mt, the paper reported Zulfikri Subri, Semen Baturaja corporate secretary, as saying. |