Cement News tagged under: corporate
Anhui Conch02 July 2013, Published under Cement NewsFurther details have been released on the US$17bn dam project involving Anhui Conch and the state-owned China Power Investment Corporation. The dams, which are being built in Indonesia’s North Kalimantan province on the island of Borneo, are part of a hydropower plant project designed to generate 7000MW of electricity by 2015. Work is due to begin in January 2014, subject to a feasibility study and environmental assessment impact study. In the first week of June, JPMorgan Chase & Co sold ... |
CRH: acquisition and investment update, Ireland02 July 2013, Published under Cement NewsIrish building materials major CRH plc announced it has undertaken 17 acquisition and investment initiatives during the first half of 2013. These transactions, together with the acquisition of Cementos Lemona in Spain (acquired as part of the Uniland asset swap announced in February) and net deferred consideration payments, bring development spend for the first half of 2013 to approximately €470m. Proceeds to date from divestments and disposals, including the Uniland swap, amount to approxim... |
Cementos Bío Bío appoints new CEO, Chile28 June 2013, Published under Cement NewsChilean cement firm Cementos Bío Bío has appointed Iñaki Otegui as CEO effective 1 August 2013, the company said in a filing to local securities and insurance regulator. Otegui replaces Jorge Matus, who resigned after 39 years with the cement producer. Cementos Bío Bío is Chile's largest cement producer with four integrated plants at Curicó, Antofagasta, Talcahuano and San Antonio and a total cement capacity of 3.28Mta. |
CRH plc announces non-executive board member, Ireland28 June 2013, Published under Cement NewsThe Board of CRH plc announced the co-option to the Board, with effect from 1 July 2013, of Mr Donald A McGovern, Jr as a non-executive director. Mr McGovern (62), a United States citizen, is currently Vice Chairman, Global Assurance at PricewaterhouseCoopers (PwC), a position he has held since July 2008. Mr McGovern will retire from PwC on 30 June 2013, following a 39 year career with the firm, during which time he directed the US firm's services for a number of large public company clie... |
Thailand: Siam Cement may raise sales target, core businesses strong27 June 2013, Published under Cement NewsThailand's top industrial conglomerate, Siam Cement Plc, is considering raising its 2013 sales growth target due to a strong first-half performance in its core cement businesses, petrochemicals and paper, its chief executive said. Both domestic and foreign markets have shown higher-than-expected growth so far this year, Kan Trakulhoon told reporters on the sidelines of a seminar. The company was also in talks to acquire a paper packaging plant in Indonesia and planned to conclude details a... |
Dominican Republic cement association names new president20 June 2013, Published under Cement NewsThe Dominican cement producers association, Adocem, has appointed Carlos González, as president for 2013-14. Mr González is also president of Cemex in the country. "We must always remember that the cement industry has had a highly successful development and has corresponded with the goals of the progress of the country, thanks to the vision of great local entrepreneurs and foreign investors who, through their efforts and commitment to Dominican Republic, our country can now have one of the ... |
Votorantim Cimentos reschedules IPO, Brazil19 June 2013, Published under Cement NewsVotorantim Cimentos SA has postponed its US$4.8bn initial public offering until later this year, after cancelling plans to launch the deal this week. On Wednesday, Brazil's largest cement producer confirmed it has ditched plans to launch the IPO, but said it will bring the deal back to market later this year on 11 September 2013. A source close to the situation had previously said that controlling shareholder Votorantim Participações was unwilling to sell its stock of Votorantim Ci... |
Texas Industries announces new chairman of the board, USA19 June 2013, Published under Cement NewsTexas Industries, Inc announced that its Board of Directors has named Tom Ransdell as its Chairman of the Board following the untimely death of Bob Rogers on 11 June 2013. Mr Rogers was the son of the founder of TXI, Ralph Rogers, and was CEO of the company from 1970 until 2004 when he retired. From 2004 until June 11, 2013 he served as Chairman of the Board of TXI. "His foresight to encourage and nurture innovation, creativity and employee empowerment laid a strong foundation that will a... |
Cementos Molins buys Cemex’ Sant Feliu works18 June 2013, Published under Cement NewsCementos Molins has reached an agreement with Cemex to buy the latter’s Sant Feliu de Llobregat cement plant near Barcelona. The Sant Feliu works has been out of action for months due to the downturn in the Spanish cement market. However, for now, Cementos Molins does not expect the reactivation of the plant any time soon. The main interest for the plant stems from its market, which will enable to run the Sant Vicenç dels Horts works at a better utilisation rate. At present San Vicen... |
Holcim to sell its operations in New Caledonia18 June 2013, Published under Cement NewsHolcim will sell its operations in New Caledonia (Holcim Nouvelle Calédonie SA) to Tokuyama Corporation of Japan for an undisclosed amount. Holcim Nouvelle Calédonie SA, which runs a 200,000tpa grinding plant, has always been “slightly isolated from the rest of the group’s assets,” the company said in statement, making this divestment a strategically viable solution. Tokuyama will acquire 74.1 per cent of issued ordinary shares owned by Holcim (Outre-Mer) SAS. The transaction is schedule... |