Cement News tagged: Corporate
FLSmidth acquires IMP Automation Group
FLSmidth has acquired IMP Automation to increase its portfolio of automated laboratory solutions. IMP is the global leader in automated laboratory solutions for the mining industry and has a strong foothold in Australia and South Africa. "In FLSmidth we have found a partner with the right global sales network to take us to the next level. For years, we have combined profound laboratory proce...
Schenck Process to hold first public demonstration of e-nizing®
Schenck Process will publically demonstrating its new e-nizing.io ® platform from 25- 28 February at the Mobile World Congress in Barcelona, Spain. e-nizing.io ® is a newly-founded daughter company of Schenck Process and provides a solution to visualise, analyse and predict the status of all machines, no matter if they are manufactured by Schenck Process or by other equipment manufacturers....
LafargeHolcim appoints new CEO of US Aggregates and Construction Materials business
LafargeHolcim has announced the appointment of Jay Moreau as the new CEO of its US Aggregates and Construction Materials business. Mr Moreau joins the company from Martin Marietta, where he most recently served as senior vice president of Operations Services. "Jay has a proven track record in this industry, and his expertise and strong focus on commercial growth and operational excellence wi...
Vecoplan opens branch in Poland
To provide its Polish customers with even better customer care, Vecoplan, which specialises in machines and plants that crush, convey and process primary and secondary raw materials in the production and recycling cycle, has opened a branch in Warsaw, Poland. The Vecoplan Polska sp z o o team includes Maciej Kamola, who is responsible for the destruction of paper, documents and data, in-hou...
Cemex profits benefit from a lower minorities charge
Cemex' turnover improved by 1.7 per cent in 2018 to US$148,374.6m, while EBITDA eased by 0.6 per cent to US$1557.9m and trading profit fell by 6.9 per cent to US$1420.9m. However, the net interest charge dropped by 37.8 per cent to US$635.6m, as borrowings were reduced, giving a pretax profit 11 per cent higher at US$805.3m. The tax charge was 7.4 per cent after the previous year’s exceptional...
Dalmia Cement plans new 2.5Mta project
India’s Dalmia Cement (Bharat) has announced plans to set up a new facility at Jamuna village in Satna district of Madhya Pradesh. The project is worth an estimated INR18.75bn (US$263.16m), and is expected to produce 3Mta of clinker and 2.5Mta of cement. The plans also include the construction of a 15MW WHR plant alongside the main unit. While the company is waiting environmental clearance, w...
Cemex Latam net sales fall 7% in 4Q18
Cemex LatAm Holdings (CLH) announced consolidated net sales of US$260m in 4Q18, a fall of seven per cent on the US$278m achieved in 4Q17. Operating EBITDA reached US$39m during 4Q18, down 24 per cent YoY. Consolidated cement volumes for the 4Q18 amounted to 1,679,000t, no change from 4Q17. Consolidated grey cement volumes registered 1,489,000t in 4Q18, marginally up from 1,485,000t in 4Q17....
Udayapur Cement faces power issues
Nepal’s Udayapur Cement Industries Ltd (UCIL) is currently facing a crisis regarding consistent power outages, with as many as six reported in a single day. On 31 January the company reported that it produced 104t of clinker compared to its 800tpd capacity. The power cuts have also resulted in damage to the gears of the cement packing equipment, as a result operations came to a halt for six ...
Buzzi Unicem's cement volumes rise 4.3% in FY18
Buzzi Unicem's financial year 2018 results saw cement volumes at 27.9Mt, up 4.3 per cent from 26.8Mt in FY17. Ready-mix concrete volumes reached 11.8Mm 3 , down 3.6 per cent from 12.3Mm 3 in FY17. Consolidated net sales equalled EUR2873m (EUR2806m in 2017), up 2.4 per cent and up 3.2 per cent like-for-like. Group net debt at the end of 2018 amounts to EUR891m, up EUR28m compared to EUR863...
SCG Cambodia's revenues rise 15% on strong construction actvity
SCG Cambodia, a subsidiary of the Siam Cement Group, yesterday announced that revenue from sales in 2018 grew by 15 per cent, rising to US$396m. Revenue from sales in 4Q18 reached US$96m, SCG Cambodia said. Cambodia Constructors Association General Manager, Chiv Sivpheng, said demand for construction materials has been rising annually as the kingdom's construction industry grows. With increas...
Huaxin Cement announces new Uzbekistan project
Huaxin Cement has announced that it will construct a new cement plant in Uzbekistan, with government approval already received. The company has set up a new venture, Huaxin Cement Jizzakh, for the implementation of the 1.2Mta facility. The plans will see the plant built in Zafarobod, Jizzakh, at an investment cost of US$150m, with the company expecting to spend US$78m to purchase equipment. ...
Caisse de Dépôt et Placement to keep stake in McInnis
Caisse de Dépôt et Placement no longer intends to sell its interest in Ciment McInnis’ cement plant in Port-Daniel, Gaspésie, Canada. "We are convinced of the potential of this company. We are comfortable with this investment. We have work to do, but it's true for all our investments, "said Caisse CEO, Michael Sabia. The Caisse commissioned a consulting firm last year to study several scena...
Birla Corp announces results and starts constructing new facility
India’s Birla Corp Ltd reported a INR270m (US$3.76m) net profit for the third quarter ending 31 December 2018, up from a INR220m net loss of the previous year’s period. The growth was recorded despite an increase in the cost of petcoke and coal. Furthermore, the company’s net sales rose 12 per cent to INR15.57bn in the 3QFY8-19, compared to INR13.88bn of the year-ago period. The company al...
ACC sees 8% rise in cement deliveries in 2018
The Indian LafargeHolcim subsidiary ACC Ltd has reported an 8.4 per cent increase in cement deliveries for 2018 to 28.44Mt, while in the fourth quarter the advance was of a similar magnitude to 7.5Mt. The turnover advanced by 12.1 per cent to INR144.77bn (EUR1774m) while EBITDA were up by 10.8 per cent to INR29.12bn (EUR260m) but the pretax profit rose by 20.6 per cent to INR15.8bn (EUR194m) a...
Boral releases revised FY19 guidance
Boral Ltd announced that it expects net profits after tax for 1HFY19 to be around AUD200m (US$142.6m) and EBITDA to be approximately AUD483m. Excluding the impact of lower earnings due to the sale of Denver Construction Materials (in July 2018) and Texas Block (in November 2018), EBITDA for the 1HFY19 is expected to be broadly steady. EBITDA growth from Boral North America is likely to be off...
Cevian Capital announces stake in CRH
Europe's largest activist investor, Cevian Capital, has announced that it has built up a stake in CRH to become its second-biggest individual investor. "The group has many strong positions in attractive markets and we are convinced that CRH's assets could become significantly more valuable," Christer Gardell, managing partner of Cevian, disclosed to Reuters. The exact size of Cevian’s hold...