Cement News tagged under: corporate
Dangote raises cement price23 December 2014, Published under Cement NewsReversing a November price cut, Dangote Cement increased the price of its product to NGN2200/50kg bag. The new VAT-exclusive prices will see distributors pay NGN1645-1655/bag for ex-works orders and NGN1745 for orders delivered from the Ibese plant. Ex-works prices from Isolo hovered around the NGN1700 mark, according to one local source. The changes, which were not formally announced by the cement producer, are effective 15 December 2014 and distributors have said that the rapid reversal... |
Swiss CemIn West acquires 96.6% of Ivano-Frankivskcement23 December 2014, Published under Cement NewsSwitzerland-based CemIn West SA has bought a 96.6 per cent in Ukraine’s Ivano-Frankivskcement, according to the target company. The majority holding was bought from Cyprus-based Permixo Ltd, Basmaren Enterprises Ltd and Prenters Engineering Ltd, which sold their respective stakes of 36.98%, 20.76% and 13.3% in the Yamnitsa-based entity. Ivano-Frankivskcement closed 2013 with a net profit of UAH130.3m (US$8.2m). |
Kenya: new appointments at EAPCC23 December 2014, Published under Cement NewsFormer Capital Markets Authority (CMA) chairman, Kung’ Gatabaki, has joined the East African Portland Cement (EAPCC) board as one of two new directors nominated by the global conglomerate Lafarge, stepping into the shoes of former Kenya Airways CEO, Titus Naikuni, who held the position for eight years. Prof Sarone ole Sena, the chairman of the Eldoret University Council, has also joined the EAPCC board. The two new directors were appointed in a special board meeting. Mr Gatabaki, who serve... |
Dangote Cement23 December 2014, Published under Cement NewsDangote’s Nigerian cement plants in Gboko, Ibese and Obajana have all received certification for ISO 9001 Quality Management System, ISO 14001 Environmental Management System and BS OHSAS 18001 Occupational Health and Safety Management System by the Standard Organisation of Nigeria (SON). According to Dangote, the company and its subsidiaries would “continue to put in place policies that would enhance its compliance with regulatory issues as leaders in their respective industries”. Meanwhi... |
HeidelbergCement sells Stockholm property23 December 2014, Published under Cement NewsAs part of its asset structure optimisation, HeidelbergCement is selling its property at Lövholmen, Stockholm, Sweden, to enable residential development. The company currently operates a cement terminal at the location, which it plans to move to an industrial zone at Värtan, Stockholm. The agreed minimum price of the property is around EUR115m and the deal is subject to several conditions, including the adoption of development plans for both areas. It is expected to be finalised in late 2... |
CRH announces non-executive board appointment22 December 2014, Published under Cement NewsThe Board of CRH plc is pleased to announce the co-option to the Board, with effect from 1 January 2015, of Patrick J Kennedy as a non-executive director. Mr Kennedy (61), an Irish citizen, retired in 2014 as chairman of the Executive Board of Directors of SHV Holdings (SHV), a large family-owned Dutch multinational company with a diverse portfolio of businesses, including the production and distribution of energy, the provision of industrial services, heavy lifting and transport solutions,... |
SCIC plans to divest in Sai Son Cement holding22 December 2014, Published under Cement NewsState Capital Investment Corporation (SCIC), the Vietnamese government’s investment arm, plans to sell its entire 3.2 million shares, equal to 16.44 per cent stake of Sai Son Cement JSC (SCJ). The initial price is set at VND14,300 ($0.67) each, 40.2 per cent higher than its market price of VND10,200/share on Monday, but below SCJ’s book value of VND14,650 as of 30 September. SCIC has divested from Nghe An Bus Station JSC (NBS), Cuu Long Pharmaceutical JSC (DCL), Dien Quang JSC (DQC), Ag... |
KHD appoints Daniel Uttelbach to the Management Board19 December 2014, Published under Cement NewsDaniel Uttelbach has been appointed to the Management Board of KHD Humboldt Wedag International AG effective 1 January 2015. As executive vice president he will be in charge of Sales & Technology for the Group. Prior to his appointment to the Management Board, Mr Uttelbach worked as Vice President Sales & Technology. Previously, he was Vice President Account Management and has thus been leading KHD’s global sales activities for the last several years. "His excellent understanding of the g... |
UltraTech reportedly in talks to buy further Jaiprakash units19 December 2014, Published under Cement NewsUltraTech Cement is in talks to acquire Jaiprakash Associates Ltd's cement plants in central and southern India, people with knowledge of the matter have told local press. The company is discussing the purchase of cement plants in the Indian states of Uttar Pradesh, Madhya Pradesh and Andhra Pradesh, the sources told Mint News. Last year, UltraTech purchased Jaiprakash’s cement plant in Gujarat which has a capacity of 4.8Mt. |
CRH increases investment war chest19 December 2014, Published under Cement NewsCRH’s recent disposal announced this week is being viewed as positive for further development as it keeps in line with the company's efforts to streamline its portfolio and provides additional financial flexibility for acquisitions. On Tuesday CRH announced it had reached an agreement to dispose of its clay and concrete businesses in the UK and its clay business in the US. The move had been expected for a while with CRH said to be dissatisfied with the structural returns in the brick bu... |