Cement News tagged under: corporate
Vicat advances in India and Kazakhstan06 February 2013, Published under Cement NewsVicat's turnover increased by 1.2 per cent in 2012 to €2292.2m, which becomes an underlying decline of 0.2 per cent on a like-for-like basis. Turnover in cement was ahead by 1.6 per cent to €1155.7m, while aggregates and concrete sales were ahead by one per cent to €826.1m. Other activities saw turnover edge ahead by 0.2 per cent to €310.5m. Cement accounted for 52.3 per cent of turnover, very marginally higher than the 52.1 per cent in the previous year. The concrete and aggregate... |
Cemex expected to narrow fourth-quarter loss06 February 2013, Published under Cement NewsCemex is expected to narrow its net loss in the fourth-quarter of 2012 from a year earlier, helped by improved performance in its main US market and cost reduction. A Reuters poll showed six analysts on average forecast that Cemex lost US$47m in the October-December period, compared with a net loss of US$146m in the same period of 2011. Analysts' forecasts ranged from earnings of US$77m to a loss of US$134m. |
UltraTech Cement plans to raise US$100m from IFC06 February 2013, Published under Cement NewsUltraTech Cement plans to raise approximately US$100m from the International Finance Corporation (IFC) to support its US$297m expansion in Chhattisgarh. According to local media, the company plans to increase clinker production capacity at its integrated plant in Chhattisgarh, eastern India. The report added that the IFC has already started working with the company to identify resource efficiency opportunities for diminishing the company’s carbon footprint. Moreover, the IFC is also l... |
Lafarge Pakistan appoints new CEO06 February 2013, Published under Cement NewsLafarge Pakistan Cement has appointed Amr Ali Reda as its new Chief Executive Officer (CEO) for a term of three years, the company informed the Pakistan Stock Exchange. The changes at the top were made through an extraordinary general meeting of shareholders on 21 January 2013. Mr Reda has held many senior positions in various multinational companies. Prior to joining Lafarge Pakistan, he was the regional business controller of Lafarge Middle East and Pakistan and has served as a membe... |
Northern Region Cement stocks soar on day one of trading, Saudi Arabia06 February 2013, Published under Cement NewsSaudi-Arabia based cement producer Northern Region Cement tripled on its first day of trading in Riyadh, Bloomberg reports. The stock soared to SAR30 at the close in the Saudi capital from the initial public offering of SAR10 each, according to data compiled by Bloomberg. About 234 million shares were traded, comprising more than half of the volume traded on the benchmark Tadawul All Share Index yesterday. Northern Region is the 13th cement company to sell shares in the kingdom after N... |
Cimpor05 February 2013, Published under Cement NewsAs a result of the new ownership structure of Cimpor, Cimpor do Brasil and InterCement Brasil are being merged to create a single subsidiary with a capacity of 14Mta, or 37 per cent of the re-structured Cimpor total global capacity. |
HeidelbergCement05 February 2013, Published under Cement NewsHeidelbergCement India has completed the expansion of its Jhansi grinding centre in Uttar Pradesh from 0.8Mta to 2.7Mta. An increase in the clinker capacity at the Damoh works in Madhya Pradesh from 1.2Mta to 3.1Mta is to follow within a couple of months. |
Lafarge05 February 2013, Published under Cement NewsLafarge Tarmac, the joint venture in the United Kingdom created by Lafarge and Anglo American, with Cyrille Ragoucy as managing director, became effective on 7 January. Lafarge is bringing its two Mexican cement plants with a combined capacity of close to 1Mta into a joint venture with Elementia, which is contributing its new 1Mta cement works under construction in central Mexico. Lafarge will hold a 47 per cent equity interest and treat it as an equity affiliate, while it will be fully c... |
Holcim05 February 2013, Published under Cement NewsHolcim is to cease clinker production at the Dannes works, near Boulogne in the north of France, by September. The wet-process plant has a clinker capacity of 0.3Mta. Cement grinding is set to continue, with clinker being brought in from the dry-process Lumbres works some 50 km away. This will allow for the continued employment of 15 workers, out of a present total of 84, to be maintained at Dannes, which has a grinding capacity of 0.4Mta. Overall, Holcim is looking to reduce clinker capa... |
UK construction contracts for the third month05 February 2013, Published under Cement NewsUK construction output fell for a third consecutive month in January, according to a survey from the Chartered Institute of Purchasing and Supply (CIPS). January was the first month since last summer in which none of the three construction sub-sectors monitored by CIPS achieved growth. The civil engineering sub-sector suffering its first drop in activity since August. Housebuilding activity continued to fall, and commercial property construction stagnated in January,. CIPS' seasonally-a... |