Cement News tagged: Corporate
Malbaza Ciment begins operation of new plant
Niger's Malbaza Ciment Co has begun operation at its new 0.65Mta plant, which produced its first tonne of cement on 28 December 2018. "The Ministry of Industry is pleased to inform the nation that Malbaza Ciment Campany (MCC SA), formerly SNC Nigerien cement company, has started operation of its new cement plant, thus becoming the first private industrial complex in Niger," said Malam Zaneid...
Lafarge Cement UK adds Rapid Cement to its product range
Lafarge Cement UK (Aggregate Industries group part of LafargeHolcim) has introduced Rapid Cement to its packaged range of cements. The Portland cement product contains calcium aluminate for rapid hardening to enable fast-setting and low shrinkage which is ideal for screeds and renders for wall and floor surface preparation, prior to installing tiles. The product is suitable for dry and wet in...
Kiln break in McInnis Cement adds 1-2 weeks to production stop
Reports of a major kiln break at McInnis Cement’s Port-Daniel plant have indicated that the plant will see a production stop of 6-7 weeks. However, the company has said that a production stop for maintenance purposes was already scheduled and the break adds only 1-2 weeks to the initial plan. The break occurred on Thursday but the company has refused to confirm the exact nature of the damage...
Ghori Cement is back in government control
Afghanistan's government has taken back control of the Ghori Cement Factory. The Afghan Investment Co that was running the plant was held in violation of the law and decisions of the high economic council and the Ministry of Mines and Petroleum (MOMP) has ordered the company to hand over the plant. MOMP said the plant has the capacity to produce only 420t of cement and that the private compan...
Holcim Philippines amends its Articles of Incorporation
The Securities and Exchange Commission has given Holcim Philippines Inc (LafargeHolcim group) approval to amend its Articles of Incorporation to provide technical support for ready-mix cement plants. "The amendment will enable Holcim Philippines to provide technical support to ready-mix (RMX) plants and contractors on various quality control, optimisation, solutions development and skills upg...
New Chairman and Vice Chairman appointments at Saudi Cement
Saudi Cement's Board of Directors have appointed Khalid bin Abdulrahman Saleh Al-Rajhi as a Chairman of the board and Muhammad bin Abdul Karim Al-Khariji as a Vice Chairman in a bourse filing.
Bidders for ARM urged to formalise bids by end of January
ARM Cement's administrators, PriceWaterhouse Coopers have completed a transaction timetable that will see bidders need to make their bids for the stricken Kenyan Cement producer by the end of January 2019. ARM Cement is reported to be KES10.2bn (US$100.1m) in debt, said Business Daily. ARM's creditors will review the terms of the best offer, negotiate with the investor and complete the transa...
CRH completes third phase of share buyback
CRH has completed the third phase of its share buyback programme . Between 27 November and 21 December 2018, 4.1m ordinary shares were repurchased on the London Stock Exchange, bringing total cash returned to shareholders under the ongoing EUR1bn share buyback programme to EUR800m. The company also announced that it has entered into arrangements with UBS AG, Lo...
Confidence Cement re-elects managing director
Bangladesh’s Confidence Cement Ltd announced a 35 per cent dividend (15 per cent cash and 20 per cent bonus) for its shareholders for the year ended 30 June, 2018 . Furthermore , Zahir Uddin Ahmed was re-elected as managing director of the company for a period of three years with effect from 1 February 2018. Rupam Kishor Barua and Salman Karim, dire...
Emami Group to demerge solar power assets from Emami Cement
The Emami Group (India) is demerging its solar power assets from Emami Cement, consolidating the renewable energy assets under Emami Power, which controls 300MW aggregate capacity. The demerger of the solar power business of the cement company comprises a 10MW plant located at Gujarat Solar Park in Patan and a 3MW plant located at Perunali in Tamil Nadu. Emami Cement will now concentrate sol...
Fancesa lowers prices for Christmas
Fancesa’s 2018 Christmas campaign has seen the company lower its cement prices to BOB42/bag (US$6.07/bag) from BOB46 in Sucre, Bolivia. The company expects to meet its target of 90,200t of monthly cement sales in December, after record sales in November 2018 helped the company exceed its target by five per cent.
Siberian Cement invests to develop units in 2019
Russia’s Siberian Cement has announced plans to invest RUB4.52bn (US$67.86m) to develop its production units in 2019. The funds, double the amount allocated in 2018, will be used for environmental measures, production renovation, automation of the process control system, technical renovation and logistics development, according to Kommersant-Sibir. The company’s Krasnoyarsk facility will see ...
Emami Group to demerge solar assets from cement company
India’s Emami Group has received National Company Law Tribunal (NCLT) approval to demerge its solar power assets from its cement company. The assets will be consolidated under Emami Power, which will allow Emami Cement to focus solely on its core business. "Proposed demerger is being undertaken with a view to consolidate the power production business in Emami Power while allowing our company ...
CCNN reports 43% revenue increase for 9M18
Nigeria’s CCNN has reported a 43.2 per cent YoY increase in revenue for the nine months ended 30 September 2018, rising to NGN19.57bn (US$53.9m) from NGN13.63bn in the year-ago period. Profit after tax rose 97 per cent to NGN4.01bn from NGN2.04bn. In the 3Q18 revenue advanced 46.3 per cent to NGN7.49bn, compared with NGN5.12bn seen in the 3Q17. Post-tax profit was up 39.7 per cent YoY at NG...
FANCESA finishes silo base at Cal’Orck’o plant
Bolivia’s FANCESA reported it finished constructing the base of the clinker silo at its new cement plant in Cal Orck’o. The base is 45m in diameter and 2m thick and will serve as the foundation of a 35m-high structure. The construction was carried out by the cement plant’s staff and Concretec and required 70h of labour.
LafargeHolcim advances Legal and HR to Executive Committee
LafargeHolcim has promoted its Legal and Human Resources (HR) functions to its Executive Committee to strengthen its agile management focus, while its Corporate Growth and Performance function will be organised into three centres of excellence. As a result of the changes, Feliciano González Muñoz, who leads HR, and Keith Carr, who heads up Legal and Compliance are appointed as members of th...