Cement News tagged: Corporate
TCC International issues positive profit alert
TCC International Holdings Ltd said it expects to swing to a profit for the first half of this year compared to a loss for the corresponding period of 2016. The Hong Kong-listed cement products manufacturer said an increase in product prices has helped earnings through the first half. It did not specify the expected profit for the January-June 2017 period. In the 1H16, TCC International poste...
Fancesa to modernise Cal Orck’o packing section
Fabrica Nacional de Cemento SA (Fancesa) has received four proposals for the modernisation of its packing department at its Cal Orck’o plant, Bolivia. Haver & Boecker, FL Smidth Ventomatic, Claudius Peters Inc and Beumer Latinoamérica all responded to the call for tender to supply equipment for a new cement silo, a rotary packer with automatic bag applicator and a mechanised truck loading s...
LafargeHolcim Laâyoune grinding unit enters operation
LafargeHolcim Maroc has completed the construction of its 0.2Mta grinding unit in Laâyoune, according to the company’s management board. Meanwhile, work has started on the building of a new 1.7Mta cement works in Souss. Equipment for the plant has been ordered from Germany-based thyssenkrupp Industrial Solutions.
Robson Handling Technology names new chairman
Julie Kenny, chairman of Robson Handling Technology Robson Handling Technology announced yesterday the appointment of Julie Kenny CBE as chairman who takes the reins from outgoing chairman, Bill Speirs. Jeff Hudson, CEO of Robson, welcomed Julie stating, “To attract someone of Julie’s calibre is testament to the strength and potential of Robson in its markets. With a CBE to her...
Bío Bío to stop clinker production at Talcahuano
Cementos Bío Bío announced it will cease to produce clinker at its Talcahuano plant in Chile and instead import clinker from Asia. The decision was taken following several attempts to improve profitability at the works and deliver a competitive product. The closure of the plant’s clinker production department is expected to lead to some 40 redundancies, according to Santiago-based news ser...
South Valley Cement Co 1Q profit drops
Egypt-based South Valley Cement Co on Sunday posted a 53 per cent YoY drop in profits for the first quarter of 2017, according to a bourse statement. The company achieved profits of EGP20.1m (US$1.12m) in the three months ended March, compared to EGP42.85m in the corresponding period of 2016. Cement sales increased to EGP261.55m in the quarter under review from EGP254.80m a year earlier,...
Penden Cement gear box failure sees output falter
Cement production at Penden Cement Authority Ltd (PCAL) in Gomtu, Samtse, Bhutan, was affected last month as a gearbox in one of the two coal mills broke down. The gearbox failed on 21 April. While in-house repairs were carried out, enabling the plant to resume operations after four days, further issues occurred on 16 May and to date PCAL has been unable to repair the gearbox. The plant’s m...
Shengli and Kaifa resign from Anhui Conch
Qi Shengli, supervisor and chairman of the supervisory committee of Anhui Conch, has tendered his resignation from the company, according to a statement released on 30 June. His resignation will become effective upon the appointment of a new supervisor, the Chinese cement producer noted. In addition, Yang Kaifa has resigned as company secretary of Anhui Conch, effective 28 June 2017. Chiu P...
Moody's assigns first-time Ba3 and Aaa.ng ratings to Dangote Cement
Moody’s has assigned a first-time Ba3 Local Currency Corporate Family Rating (CFR), Ba3-PD Probability of Default Rating and Aaa.ng National Scale Rating (NSR) to Dangote Cement Plc (DCP). The outlook on the ratings is stable. "Dangote Cement Plc’s Ba3 local currency corporate family rating, one-notch above the Government of Nigeria’s own rating, reflects the company’s strong standalone cred...
Ashaka Cement confirms delisting from NSE
Ashaka Cement Plc has formally notified its shareholders and the general public of its delisting from the Nigerian Stock Exchange (NSE). In a statement issued on Tuesday signed by company secretary, Zainab Silas-Umaru, the firm said the delisting takes effect immediately. According to the statement “Application for the voluntary delisting of Ashaka Cement was approved on May 25, 2017 by ...
Sika names new regional manager for EMEA
Ivo Schädler will assume responsibility for the Europe, Middle East and Africa (EMEA) region and will join Sika's Group Management. He succeeds Paul Schuler, who was appointed Chief Executive Officer in May. Both commenced their new roles on 1 July 2017. Mr Schädler (51) began his career at Sika in 1997. He held various management positions at the Swiss national subsidiary before becoming G...
Fiji's Pacific Cement plant back online
Fiji-based Pacific Cement Ltd's cement plant is back online, according to Sowani Tuidrola, the company’s CEO. The facility was shut down in late April due to a major breakdown, resulting in cement shortage in the country. "Due to pending replacement of a major component, the mill is operating at a lower capacity at 60 per cent until end of July 2017," Mr Tuidrola said in a statement yesterd...
BOAD grants CIMAF Burkina Faso finance
The West African Development Bank (BOAD) has granted XOF6bn (US$10.3m) to Morocco’s Cimenteries de l'Afrique Burkina Faso (CIMAF) for the partial financing of the import of raw materials for cement production. Following the commissioning of a plant in Ouagadougo in 2015, CIMAF is building a 0.7Mta grinding plant in Bobo-Dioulasso, reflecting an investment of XOF20bn. The first cement is ex...
Sinoma anticipates substantial rise in interim net profit
China National Materials Company (Sinoma) said it expects the net profit attributable to the shareholders of the parent company for the six months ended 30 June 2017 to record a substantial increase as compared to the same period of last year. Such expected growth is mainly attributable to the increase in the prices and sales volume of cement. Its interim results announcement is expected to b...
Cemex finalises Pacific Northwest Materials divestment
Cemex SAB de CV has completed the divestment of its Pacific Northwest Materials Business through one of its US subsidiaries to Cadman Materials Inc, part of HeidelbergCement-owned Lehigh Hanson Inc. Pacific Northwest Materials Business includes seven aggregate quarries, five ready-mix concrete plants and three asphalt operations in Oregan adn Washington, USA. The company generated about US$...
Cementa and Vattenfall focus on zero emissions
Cementa and Vattenfall of Sweden are conducting a pilot study on electrified cement production to achieve zero CO2 emissions by 2030, representing a five per cent reduction in Sweden’s total emissions. Cement production that is electrified and supplied by a climate smart Swedish energy system is the future vision in the CemZero collaborative project. "Electrification within the indus...