Cement News tagged under: corporate
Buzzi Unicem16 January 2014, Published under Cement NewsBuzzi Unicem has decided to increase the capacity of its Maryneal works in Texas from 0.5Mta to 1.09Mta (1.2Mst) and improve its environmental performance. Currently much the smaller of Buzzi Unicem's two Texas cement plants, and dating back to 1951, Maryneal will become similar in capacity to the San Antonio (TX) works. |
Italcementi16 January 2014, Published under Cement NewsShymkentcement, Italcementi's Kazakh subsidiary, has started work on its new 1.2Mta dry-process kiln and the first clinker from the new kiln is expected to be produced towards the middle of 2015. The existing wet capacity will then be closed down and scrapped. The cement milling capacity will remain unchanged at 1.28Mta. |
Cemex16 January 2014, Published under Cement NewsCemex Latvia is optimistic about seeing an improvement in domestic demand during 2014, as growth appears to have been resumed in the construction industry. Weak domestic demand has seen most of Cemex' production being exported in recent years. |
Lafarge16 January 2014, Published under Cement NewsLafarge has agreed the sale of the remaining 20 per cent in the European and Latin American gypsum-related activities to Etex, which had earlier purchased the initial 80 per cent. The completion of this deal, valued at EUR145m, is expected to take place during the month of January. |
Holcim16 January 2014, Published under Cement NewsHolcim New Zealand is building two import terminals at Waitemata near Auckland and at Timaru. Each will have a capacity of 30,000t. The storage facilities at Timaru will be used to serve the South Island. Once the two import terminals are up and running, the Westport cement works will close. Longer term, Holcim has plans for building a new cement works at Weston, near Oamaru. |
Fitch Affirms Cementos Pacasmayo rating16 January 2014, Published under Cement NewsFitch has affirmed ratings of Peruvian cement producer Cementos Pacasmayo. The ratings Outlook is Stable. The following ratings have been affirmed: • Foreign currency Issuer Default Rating (IDR) at 'BBB-' • Local currency IDR at 'BBB-' • US$300m senior unsecured notes at 'BBB-'. Fitch said the ratings reflect the company's solid business position as the only cement producer in Peru's northern region. This position has resulted in high margins, low leverage and solid liquidity. The smal... |
Yamama Cement net profit rises 6.4% YoY16 January 2014, Published under Cement NewsYamama Cement Co of Saudi Arabia said yesterday its net profit for 2013 rose by 6.4 per cent to SAR870m (US$232m), up from SAR818m a year ago. The increase was attributed to a rise in extraordinary gains from the sale of stakes in affiliate companies, Yamama Cement said without giving exact figures. The operating profit declined to SAR829m from SAR863m. |
Conch expects strong rise in 2013 profit15 January 2014, Published under Cement NewsAnhui Conch, the leading cement producer in China by market value, said it expects a 50 per cent rise in net profit attributable to shareholders for 2013. In 2012, the company posted a net profit of CNY6.31bn (US$1.043bn) with basic earnings per share of CNY1.19. According to a statement filed with the Shanghai Stock Exchange, the company said the improved performance in 2013 was due to steady growth in consumption and a reduction in new capacity coming onto the market. Over the ... |
Semen Indonesia eyes further Asian expansion15 January 2014, Published under Cement NewsFollowing the acquisition of a majority stake in Vietnam-based cement producer Thang Long Cement in 2012, Semen Indonesia is now setting its sights on expanding into Bangladesh as well as completing a deal in Myanmar this year. “We will probably acquire grinding mills in Bangladesh [...] but not this year,” Semen Indonesia corporate secretary Agung Wiharto told the Jakarta Post. Wiharto also said that Semen Indonesia is looking to acquire a cement company or establish a joint venture i... |
Lafarge one step closer to completing US refocus10 January 2014, Published under Cement NewsLafarge announces the sale of five aggregates quarries and related assets in Maryland (USA) to Bluegrass Materials for a total enterprise value of US$320m. With these divestments, the group has now largely completed its strategy of refocusing on its core markets in the United States, the cement major said in a statement. Lafarge today operates a network of integrated positions mainly located in the Great Lakes and Mississippi River regions. It US operations consist of nine cement or grind... |