Cement News tagged: Corporate
Dominican Republic: Cemex inaugurates San Pedro de Macorís packaging line
Cemex has inaugurated a new packaging and palletising line at its San Pedro de Macorís plant in the Dominican Republic. The new Italian-built facility represents an investment of DOP400m (US$8.5m) will enable the company to increase its capacity by 30 per cent, bringing the plant’s capacity to over 3Mta. "This is the first of several major investments to be made by CEMEX in the Dominica...
Mauricio Doehner new president of Mexico’s cement association
Mauricio Doehner has been appointed as new president of Mexico’s cement association, Cámara Nacional del Cemento (Canacem). He replaces Billy Álvarez of Cruz Azul. The appointment is for one year with the option to re-elect him for a second period. The new president will focus on positioning cement more as an infrastructure option, promoting the use of alternative fuels, transportation effi...
Sri Lanka: INSEE Cement launches INSEE Academy
Siam City Cement (Lanka) Ltd (SCCL) launched the INSEE Academy on 23 March in Colombo, Sri Lanka. The INSEE Academy as an initiative by SCCL to accelerate the growth of 'home grown talent' to take senior roles within Sri Lanka and other group companies. The Academy’s motto is 'Inspire.Instill. Ignite', aims to 'Inspire' employees to be better, 'Instill' values and 'Ignite' a passion for exc...
Nepal: Arghakhanchi Cement introduces moisture-proof packaging.
The Arghakhanchi Cement company has introduced new moisture-proof packaging for its bagged cement, reports myrepublica.com. “We have introduced this new packaging to ensure the standard weight and to keep the cement safe from moisture. We have successfully achieved a new milestone in our commitment by providing high-quality products to dealers, consumers, and constructors which will strengt...
India: Orient and JP deal reportedly in final stages
Orient Cement's plan to acquire certain assets of the Jaypee Group is in the final stages and completion of the deal could be announced shortly, according to local media. Citing sources familiar with the development, 'Moneycontrol' reported today that management of both Orient and the Jaypee Group are due to meet this week to discuss last-minute details of the deal. In October 2016, the ...
Lafarge Zimbabwe returns to full-year profit
Lafarge Zimbabwe returned to full-year profit for the 12 months ending December 2016 as volumes edged ahead and cost savings in operations, plant maintenance and "better" inventory control, as well as a revaluation of plant property and equipment all contributed to the improved performance. The cement maker posted a net profit of ZMD3.1m (US$8565) in 2016 versus a ZMD1.9m loss in the sam...
Cemex Latam Holdings inaugurates Guatemala expansion
Cemex Latam Holdings has inaugurated its expanded Arizona cement works in Guatemala. The project represents an investment of US$3.7m and will enable the plant to increase its production by 10 per cent to 0.545Mta. In addition, the plant’s bagging facilities have been upgraded from 65tph to 95tph. Jaime Muguiro, managing director of Cemex Latam Holdings, said that Guatemala has become a ...
Lafarge-Algérie's Oggaz plant ups output 10%
Lafarge-Algérie's Oggaz cement plant increased its cement output by 10 per cent in the last quarter to meet the country’s growing cement demand, according to plant manager, Jean-Louis Sibiede. In the past three months, the works produced 0.953Mt, including 0.844Mt of grey cement. The company converted part of the plant’s white cement production lines to produce grey cement to meet growin...
Semen Indonesia approves 2016 cash dividends
State-owned cement manufacturer Semen Indonesia will distribute cash dividends worth IDR304.92/share from its 2016 fiscal year. The total dividends that will be distributed amount to IDR1.8trn, or the equivalent of 40 per cent of the company’s 2016 net profit of IDR4.52trn. Rizkan Chandra, president director of Semen Indonesia, said the dividend plan was approved by the company’s sharehol...
New Zimbabwe plant begins production
Chinese company Livetouch Investments, has started production at its 400,000tpa capacity plant in Redcliff, Zimbabwe. Construction of the plant is part of Phase One of the company’s project. Managing director and co-shareholder Dongning Wang told The Herald Business (Zimbabwe) that the plant had started operations at 70 per cent of its capacity on a trial basis. The plant uses slag from...
Cemex requests new authorisation to increase capacity in Colombia
Cemex Latam Holdings has announced it will present a new application for an environmental permit which would enable the Mexico-based cement producer to increase capacity at its Maceo plant in Antioquia, Colombia. The plant, which represents an investment of US$340m, is authorised to produce 0.25Mta at present. Earlier the company had applied to raise plant capacity to 0.95Mta, but the reque...
India: Udaipur Cement Works starts commercial production
Udaipur Cement Works has completed its rehabilitation programme at its Udaipur cement works and started commercial production at the integrated works on 31 March 2017. The plant has commenced clinker and cement dispatches since.
Semen Indonesia appoints former intelligence chief Sutiyoso
PT Semen Indonesia has appointed former Jakarta governor and State Intelligence Agency (BIN) director, Sutiyoso, its president commissioner. Sutiyoso served as BIN chief under President Joko Widodo’s administration and previously led the Indonesian Justice and Unity Party (PKPI). The appointment comes at a time of public protest against the building of the company’s new factory in Rem...
Cemex publishes report on environmental and social achievements in 2016
Cemex has published its first integrated report , covering 2016. The report brings together the information that the company had in published in separate annual and sustainability reports in previous years. The integrated report thus covers both Cemex’s financial performance for 2016, which the firm had already released in February , and its work in other areas, including its efforts to i...
Taiwan: Chia Hsin Cement sees 11% revenue rise, pretax profit drop
Chia Hsin Cement Corp of Taiwan reported an 11 per cent rise in revenues to TWD3.14bn (US$103.3m) in 2016 when compared with TWD2.83bn in 2015. However, pretax profits dipped 59.4 per cent from TWD194.9m in 2015 to TWD79.2m the following year. Net profits reached TWD24.89m.
LafargeHolcim opens Construction Development Lab in Morocco
LafargeHolcim has opened a new Construction Development Lab (CDL) in the Moroccan city of Casablanca. The laboratory, the firm’s eighth, joins those in Algeria, Argentina, China, France, India, Malaysia and Mexico and will specialise in developing construction solutions adapted to the particular needs of the local and wider African markets. The CDL will employ 50 engineers, architects an...