Cement News tagged under: corporate
Cemex to invest US$7m in San Pedro de Macoris09 March 2015, Published under Cement NewsCemex is investing DOP315m (US$7m) in a new packing and palletising line at its San Pedro de Macoris plant, Dominican Republic, to increase capacity and cover market demand for the next five years. In addition, the company will also carry out an upgrade to one of the works’ mills. This will allow the company to increase output and ensure a greater continuity of operation. Cemex is also investing MXN256.5m in 50 concrete mixing trucks. |
PPC Zimbabwe on course for 2016 mill commissioning09 March 2015, Published under Cement NewsPPC Zimbabwe Ltd is expected to commission its new cement mill at its plant in Harare next year, an official has said. "We are spending about $75m on our Harare mill this year and we are expecting to commission it in the first quarter of 2016," PPC Zimbabwe managing director Njombo Lekula told AllAfrica news. Mr Lekula said that the company was also investing over $6m dollars on their Bulawayo and Colleen Bawn plants aimed at improving production. "We will be spending about $6.4m for our ... |
New appointments at Cemex09 March 2015, Published under Cement NewsMartin Langvad has been appointed as vice president of cement operations and technology (northern Europe). Mr Langvad has worked for Cemex for 19 years and has more than 30 years of experience in the cement industry. With the reorganisation of Cemex in Germany, he has taken over responsibility for cement production in the UK and will continue to be the head of the Northern Europe cement operations. Philip Baynes-Clarke has taken over responsibility as plant director at the Rugby cement plan... |
Lafarge increases stake in Unicem09 March 2015, Published under Cement NewsLafarge Africa Plc has notified the Nigerian Stock Exchange that Nigerian Cement Holdings BV (NCH), a 50 per cent affiliate of Lafarge Africa, has completed the acquisition of a 15 per cent stake in Unicem from FMN Cement Industries Limited, a wholly owned subsidiary of Flour Mills of Nigeria Plc . NCH had a 70 per cent share interest in Unicem and following the acquisition, has now increased its stake to 85 per cent. A further 15 per cent tranche is expected to be acquired by NCH on or... |
Qassim Cement approves dividend, Saudi Arabia09 March 2015, Published under Cement NewsSaudi cement producer Qassim Cement Co (QCC) approved at a general meeting on Sunday a cash dividend payment of SAR270m (US$72m), or SAR 3 per share, for the second half of 2014. The total dividend for 2014 stands at SAR6/share, or SAR540m, as QCC has already paid a dividend of SAR270m for the first half of 2014. The company booked a net profit of SAR563.6m for the 12 months to December 2014, a decrease from SAR585m a year earlier. |
Italcementi improves margins06 March 2015, Published under Cement NewsItalcementi's 2014 turnover declined by a further 1.8 per cent to EUR4155.6m but the underlying EBITDA did improve by 3.2 per cent to EUR649.1m. The depreciation charge declined by 3.1 per cent to EUR408.3m and impairment charges dropped by a further 70.9 per cent to EUR9.2m and the trading profit advanced by a further 42.3 per cent to EUR226.7m. Net financial charges rose by 14.3 per cent to EUR136.5m while the contribution from associates rose by 57.1 per cent to EUR11.7m to give a pre-... |
HeidelbergCement inaugurates 0.7Mta CimBurkina works06 March 2015, Published under Cement NewsHeidelbergCement has started production at its 0.7Mta CimBurkina grinding plant in Kossodo, Burkina Faso. The EUR42m grinding facility will be supplied with clinker from HeidelbergCement’s new 1.5Mta plant in Tabligbo, Togo, currently under implementation. This Cimburkina plant is a partnership with two local businesses. The latest addition to the Burkina production base sees three cement producers in the country. India-based Diamond Cement is market leader with a 60 per cent share while M... |
Peru: Unacem reports rise in 4Q14 income05 March 2015, Published under Cement NewsPeruvian cement producer Unacem saw revenues increase 13.2 per cent to PEN516.5m (US$167m) in the last quarter of 2014 when compared with 4Q13. EBITDA rose 52.5 per cent thanks to clinker exports and despite higher fuel costs. Net profit increased 179.9 per cent YoY to PEN138.4m. The company’s deliveries advanced 4.4 per cent YoY to 1.504Mt with the domestic market expanding 3.6 per cent over the period. The output of Atocongo’s Kiln 1 and 2 pushed total Unacem production to 1.635Mt, up ... |
Bestway Cement first-half profit up 5% YoY05 March 2015, Published under Cement NewsBestway Cement of Pakistan has posted a five per cent rise in half-year net profit to PKR3.94bn compared to PKR3.75bn (US$36.8m) in the comparative period of the previous fiscal . The second quarter (October-December 2014) proved better for the company as it earned PRK2.34bn, up 12.5 per cent YoY. Bestway Cement has three plants in the north of the country (one in Chakwal and two in Hattar) and a current production capacity of 5.9Mta. In July 2014, however, Bestway secured the purchase of... |
Votorantim’s volumes slightly lower but prices improve04 March 2015, Published under Cement NewsVotorantim Industrial generated a turnover 6.9 per cent higher at BRL28,059m (€8660m) while the EBITDA rose by 31.9 per cent to BRL7105m (€2193m). Votorantim Cimentos contributed 46.5 per cent of the turnover and 50 per cent of EBITDA in 2014, with metals being the second largest contributor accounting for 32.9 per cent of turnover and 30.7 per cent of EBITDA, with steel and the mining operations in Peru accounting for the remainder. Group capital expenditure was 3.7 per cent higher at ... |