Cement News tagged under: corporate
Lafarge Moldova appoints new director14 March 2014, Published under Cement NewsNicolas Valdinoci has been announced as the new director of Lafarge Moldova, replacing Louis de Sambucy who is moving to Lafarge Algeria. Mr Valdinoci has been at Lafarge since 2007. For three years he worked in the company’s department of strategy and in 2010 he became the financial director of the concrete and aggregates division of Lafarge Algeria. In 2012, he was appointed the deputy director of sales at Lafarge Algeria. Lafarge holds a 95.31 per cent stake in Lafarge Ciment (Moldova).... |
Algeria: Lafarge joint venture awarded project permits13 March 2014, Published under Cement NewsCILAS Biskra, the cement joint venture between Lafarge (49 per cent stake) and Algerian businessman Souakri, is one step closer to the construction of its new plant. The project received all necessary approvals, said Luc Callebat, CEO of Lafarge Algeria. The works is expected to produce 2.7Mta when it comes on-stream in mid-2015. However, the completion of a second production line will see this figure rise to 6Mta. The plant will be the third co-owned by Lafarge, which holds a 49 per ... |
Gansu Qilianshan full-year profit surges13 March 2014, Published under Cement NewsGansu Qilianshan Cement Group Co Ltd earned a net profit of CNY465m (US$75.8m) in 2013, a YoY surge of 167.77 per cent, the company announced in a statement. Meanwhile, operating revenue grew 36.83 per cent YoY to CNY5.81bn. |
Xuan Thanh gets nod to expand capacity, Vietnam13 March 2014, Published under Cement NewsVietnam Prime Minister Nguyen Tan Dung has approved a proposal from the Ministry of Construction to expand capacity of the Xuan Thanh cement plant in the northern province of Ha Nam to 4.5Mta from the current 2.3Mta. The PM asked the ministry to review the planning of the cement industry and remove low-capacity cement projects from planning and report to the government in June. The government leader earlier added Xuan Thanh cement plant in Ha Nam province to the list of projects slated ... |
Xinjiang Tianshan net profit declines13 March 2014, Published under Cement NewsXinjiang Tianshan Cement Co Ltd reported a net profit of CNY280m (US$45.62m) in 2013, a YoY fall of 12.08 per cent, the company announced on 12 March. Meanwhile, operating revenue grew 2.75 per cent YoY to CNY7.91bn. |
Lafarge reportedly attracting bids for Pakistan unit12 March 2014, Published under Cement NewsLafarge is reportedly attracting bids for its Pakistan unit, with the country's leading producer, Lucky Cement, said to be among companies competing for the assets. Potential acquirers have submitted bids to Lafarge, according to reports by Bloomberg who cited a source familiar with the matter. Lafarge Pakistan Cement operates a 2.05Mta plant in the Punjab province. |
Vicat: full-year turnover eases11 March 2014, Published under Cement NewsTurnover at Vicat eased by 0.3 per cent in 2013 to EUR2286m and EBITDA came off by 2.4 per cent to EUR427m, while at unchanged parameters they would have risen by 2.9 per cent and 0.3 per cent respectively. The trading profit emerged 3.7 per cent lower at EUR234m. The net financial charge rose by 31.2 per cent as the debt of the Indian subsidiaries Vicat Sagar and Gulbarga Power was no longer being capitalised. After an increase in the effective tax charge from 29.1 per cent to 32.4 per c... |
Jaypee reportedly in talks to sell Panipat grinding unit11 March 2014, Published under Cement NewsHolcim, via its ACC arm, is in preliminary acquire the Jaypee Group’s grinding unit in Panipat, Haryana state, two sources familiar with the situation told the Economic Times of India. The move would expand Holcim’s presence in the north of the country. ACC has a cement plant in nearby Himachal Pradesh, and if JP’s grinding unit is absorbed it would be “beneficial logistically and even in terms of costs,” the ET quoted one source as saying. A domestic player based in the north of the count... |
China Resources net profit increases 43.6% in 201310 March 2014, Published under Cement NewsChina Resources Cement Holdings Ltd earned a net profit of CNY3.34bn (US$544m) in 2013, a YoY increase of 43.6 per cent, the company announced on Friday. Meanwhile, operating revenue grew 15.8 per cent YoY to CNY29.34bn. The Hong Kong-based cement producer attributes the upward trend in performance to decreasing manufacturing costs and coal prices. |
Chettinad Cement in acquisition talks - report10 March 2014, Published under Cement NewsChettinad Cement is to acquire Anjani Portland Cement, according to local press reports. Citing sources familiar with the situation, Business Line India reported that the deal is expected to be formalised soon. The acquisition would give Chettinad Cement a company a significant presence in the Andhra Pradesh market. Anjani Cements has over 1.2Mta capacity in its two plants in Nalgonda district of Andhra Pradesh. It also has plans to establish a greenfield unit in Karnataka. |