Cement News tagged under: corporate
Paraguay: INC continues operations during kiln repair06 July 2015, Published under Cement NewsIndustria Nacional de Cemento announced that it has sufficient clinker stock to continue operations for more than 30 days following technical issues at its kiln in Vallemi. It expects repairs to be completed on Wednesday. At present, INC produces over 55,000 bags of cement per day and over the past six months has dispatched 6.5m bags, up 14 per cent YoY and 30 per cent when compared with 2013. |
Yanbu 2Q earnings rise to SAR246m06 July 2015, Published under Cement NewsSaudi producer Yanbu Cement Co (YCC) posted SAR246m (US$66m) in net earnings for the second quarter of 2015, rising 2.07 per cent compared with SAR241m in the same period a year earlier. The six-month earnings rose 1.57 per cent YoY from SAR446m to SAR453m. |
CRH facing €32m Swiss fine06 July 2015, Published under Cement NewsCRH is facing a €32m a fine from the Swiss Competition Commission (Comco) following an investigation into the bathroom fixtures and fittings industry. In a statement released on Friday CRH confirmed that Comco is imposing a CHF80m fine on the Association of Swiss Wholesalers of the Sanitary Industry, including a fine of approximately CHF34m (€32m) on CRH plc. The basis of the competition watchdog’s findings is expected to be available in four months, at which time CRH has the option to ... |
UltraTech Cement non-executive director resigns06 July 2015, Published under Cement NewsUltraTech Cement Ltd has informed the Bombay Stock Exchange that Adesh Gupta, non-executive director has resigned from the Board of the Company with effect from 30 June 2015. |
Verkhnebakanskiy Cement Works board elects chairman06 July 2015, Published under Cement NewsThe Board of Directors of Russia-based Verkhnebakanskiy Cement Works on 1 July 2015 elected Lev Kvetnoy as chairman of the Board. |
CTP Sinto America receives Holcim (US) order03 July 2015, Published under Cement NewsCTP Sinto America entered into a contract with Holcim (US) Inc to supply air pollution control equipment for reduction of emissions from one of the cement kilns at its Midlothian facility. In this project, exhaust gases from the main baghouse and coal mill baghouse are combined and sent to the new system and then directed to the existing wet scrubber. The project scope includes supply and installation of a CTP Model AutoTherm6-4200 designed to handle 420,000Nm3/h of gas, and duct modifica... |
West China Cement issues first-half profit warning02 July 2015, Published under Cement NewsWest China Cement Ltd said Wednesday it expects to record a "significant decrease" in net profit for the six months ended June compared with a year ago. The Hong Kong-listed cement producer said the anticipated decline is mainly attributed to the low average selling price of cement over the past 12 months. The company also said it was unable to maintain "reasonable selling prices and healthy margins" in the southern part of the Shaanxi region. West China cement recorded a net profit of C... |
Sika acquires full control of Buzzi joint venture02 July 2015, Published under Cement NewsSika AG acquired the remaining shares of the Italian-based Addiment Italia from its joint venture partner Buzzi Unicem. The company is active in the production and sale of concrete admixtures and cement grinding aids. The transaction will strengthen Sika's production set up in Italy and increase its market presence. Addiment Italia generated sales of EUR14m in 2014. Addiment Italia has a history of over 25 years of experience in the construction market offering a broad range of concrete ad... |
Magnesita and ACIS announce agreement for global cement greenfield projects02 July 2015, Published under Cement NewsMagnesita Refratários SA, a publicly-traded Brazilian corporation dedicated to mining, production and sales of refractory materials and industrial minerals, announced an agreement with ACIS, a cement maintenance and operations service company based in China and Saudi Arabia. Under the agreement ACIS will expand its service offering with Magnesita’s refractory products in support of global cement greenfield projects. ACIS and Magnesita will target Chinese cement Original Equipment Manufact... |
Fitch upgrades TCL's IDRs to 'B-'; Outlook Stable01 July 2015, Published under Cement NewsFitch Ratings has upgraded the Foreign and Local currency Issuer Default Ratings (IDRs) of Trinidad Cement Ltd (TCL) to 'B-' from 'D' and assigned an expected rating to the company's proposed senior secured term loan of 'B-(EXP)/RR4'. The rating Outlook is Stable The upgrade reflects the restructuring steps TCL has taken under the increased ownership, support and strategic guidance from Cemex (Cemex; 'B+'/Stable Outlook) following the default on its bank loans in September 2014. Fitch exp... |