Cement News tagged under: corporate
Dirk Hoke appointed CEO of Siemens Large Drives Business Unit03 July 2014, Published under Cement NewsOn July 1, 2014, Dirk Hoke took over as CEO of the Large Drives Business Unit of the Siemens Drive Technologies Division. The 45-year-old graduate engineer joined Siemens in 1996 and started his career at Transportation Systems Division. Subsequently, Hoke held management posts in rail electrification, traction technology and power supplies at Siemens locations in Germany and other countries. After serving for several years as CEO of Siemens’ Cluster Africa and Siemens Morocco, in 2011... |
Votorantim Cimentos02 July 2014, Published under Cement NewsVotorantim Industrial's first-quarter turnover improved by 11.2 per cent to BRL6577m (US$2985m) and the EBITDA jumped by 41 per cent to BRL1528m, but the net income dropped by 96 per cent to BRL8m. Capital expenditure in the period declined 17.7 per cent to BRL465m, with 20 per cent of this being for expansion capital expenditure, of which 79 per cent was in cement. Cement represented 43.1 per cent of turnover and 50 per cent of EBITDA at BRL2835m and BRL765m respectively. The pretax prof... |
Italcementi02 July 2014, Published under Cement NewsItalcementi, through its Moroccan subsidiary Ciments du Maroc, is investing in the construction of a new grinding centre at Jorf Lasfar, some 110km southwest of Casablanca. The new grinding centre will have a cement capacity of 0.45Mta and will use both limestone and fly ash as extenders, as and when required. |
Cemex02 July 2014, Published under Cement NewsCemex is investing around US$22.75m in its Dominican Republic operations, where it trades under the Cementos Titan brand. At the San Pedro de Macorís works, the company plans to generate electricity from waste heat and is currently carrying out an upgrade to the calcination system to reduce the carbon footprint. Furthermore, the bagging efficiency is being increased by 30 per cent and investments are being undertaken in its vehicle fleet. |
Lafarge02 July 2014, Published under Cement NewsLafarge has agreed the sale of Lafarge Cementos in Ecuador to Union Andina de Cemento of Peru for US$553m. The completion date for the sale of this 1.4Mta works has yet to be agreed. This deal follows the sale of the Honduran cement operations to Cementos Argos at around the turn of the year. Lafarge Zimbabwe is looking for a suitable site on which to build a cement works costing US$250m-300m. One limestone deposit has been identified to date and other opportunities are being looked into.... |
Holcim02 July 2014, Published under Cement NewsHuaxin Cement, which is 41.9 per cent controlled by Holcim, has acquired a 40 per cent stake in the Cambodian cement producer Cement Chakrey Ting for US$24m. Cement Chakrey Ting's cement plant was completed last year with technical assistance from Huaxin Cement, becoming the third cement producer in Cambodia. Holcim US is planning to invest US$100m in modernising and increasing capacity at its Ada cement works in Oklahoma, USA. Work is to start in the final quarter of this year and, wh... |
HeidelbergCement looking to shed assets02 July 2014, Published under Cement NewsHeidelbergCement is reportedly looking to sell off its US and British construction materials business this year in a bid to position itself for some assets that may be put on the block as part of the Lafarge Holcim merger, a source with knowledge of the company's plan told Reuters. The German cement major had said it can wait to get the best price for the business in the US and Britain, which makes mainly bricks, concrete pipes and roofing tiles and is worth at least EUR1bn. HeidelbergCem... |
GCR affirms ARM Cement's ratings, outlook Stable30 June 2014, Published under Cement NewsGlobal Credit Ratings (GCR) has today affirmed the national scale ratings assigned to ARM Cement Ltd of A(KE) and A1(KE) in the long term and short term respectively. The outlook is Stable. GCR said the Kenyan cement producer's well-entrenched position in the East African cement industry has been augmented by an aggressive roll-out of capacity in the past five years. With the completion of the Tanga plant in Tanzania later this year, ARM will secure clinker sufficiency in FY14/FY15, which... |
Martin Marietta and TXI confirm agreement with US Department of Justice30 June 2014, Published under Cement NewsMartin Marietta has reached an agreement with the US Department of Justice (DOJ), approved by the district court for the District of Columbia, that resolves all competition issues with respect to Martin Marietta's proposed acquisition of Texas Industries, Inc. Under the terms of the agreement with the DOJ, Martin Marietta will divest its North Troy aggregate quarry in Mill Creek, Oklahoma and its two rail yards located in Dallas and Frisco, Texas. "We appreciate the Department of Justice'... |
PPC26 June 2014, Published under Cement NewsPPC Zimbabwe has seen its cement sales fall by five per cent in the first five months of 2014 due to a slowdown in housebuilding. According to Njombo Lekula, managing director, while in the past few years there has been significant growth in housebuilding in Zimbabwe, the country’s current economic situation has had an impact on activity in that area. This development comes as PPC is due to start construction on a new US$200m cement plant in the northeastern part of Zimbabwe. The company ... |