Cement News tagged: Corporate
New 1.8Mta cement plant for Cambodia
Battambang Conch Cement Co, a joint venture between Hong Kong-based Conch International Holding and local firm Battambang KT Cement Co, is expected to break ground next month in Rattanak Mondul district. The US$230m cement plant project is due for commissioning in December 2017 and bring an extra 1.8Mta of cement production capacity online in northwestern Cambodia. The company has applied f...
Germany: HeidelbergCement applies for new Vohenbronnen quarry permit
HeidelbergCement has applied for a new, long-term mining permit for the Vohenbronnen quarry. The current authorisation expires in 2020, the company announced. The Schelklingen cement plant extracts raw materials from the Vohenbronnen quarry, which is located just 3km away, situated in the districts of Schelklingen, Schmiechen, Pappelau and Ringingen. The raw material is then transported on a...
Thailand: Asia Cement wants mine issue resolved
Asia Cement Plc has set up talks with the Industry Ministry to try to resolve its revoked licence to operate a limestone mine, reports the Bangkok Post. Asia Cement was granted a licence to operate a limestone mine in Nakhon Si Thammarat province in 1997, expecting the mine would help increase its cement production to meet rising demand in the south. However, in 2015, the Ministry of Na...
Vietnam Construction Material Co launches Dong Nai plant
Vietnam Construction Material Company (VCM) has inaugurated a new cement plant in the northern province of Dong Nai, reports Vietnam News Brief. VCM also has a clinker production plant in Van Hoa commune in Tuyen Hoa district in the central province of Quang Binh, with a capacity of 5000tpd and five cement grinding stations in the southern region. VCM currently sell over 200,000t of clinke...
Market analysts upgrade outlook for Cemex shares
Cemex SAB de CV was upgraded by analysts at Scotiabank from a "sector perform" rating to an "outperform" rating in a note issued to investors on Thursday, The Fly reports. However, shares of Cemex SAB de CV traded down 2.12 per cent during trading on Thursday, hitting US$6.01. The stock had a trading volume of 1,815,899 shares. Cemex has a 52-week low of US$3.50 and a 52-week high of US$9.4...
Eurocement eyes Denmark and Britain markets
“Contracts in Denmark and Britain are forthcoming,” according to Eurocement’s CEO, Mikhail Skorokhod, as the company expands its global reach. Since the end of 2016, the Russian cement producer has been exporting increasing volumes to Finland and the Baltic states. “In Finland our share has already reached five per cent of the market, and in our view, that is a very good result," he said i...
China Shanshui’s Liaocheng unit ‘illegally occupied’
In a fresh twist in the ongoing troubles of China Shanshui Cement Group, the company has announced that a unit of its subsidiary, Liaocheng Shanshui Cement, has been ‘illegally occupied’ by 200 unidentified people, Bloomberg reports. According to a statement to the Hong Kong stock exchange, the firm claims that the occupation was carried out on the orders of former chairman Zhang Bin and fo...
Holcim gets approval for extension Eclépens quarry
Holcim has received approval to extend the quarry at the Eclépens cement works in Switzerland. The company exploits the La Birette quarry in the Mormont hills, Vaud canton. The extension will allow the cement maker to increase its production capacity and enable production to continue until 2029.
India: KCP plans to double capacity at Muktyala plant
Speaking in an interview on CNBC-TV18, GN Murty, CFO of KCP has set out his company’s plans to expand its Muktyala integrated plant from 1.8Mta to 3.5Mta at a cost of INR4bn (US$60m). The new unit will come on-stream in 2018, bringing KCP’s capacity up to 4.4Mta. Three quarters of the cost of the new plant will be financed from borrowing, with the balance raised from KCP internally.
Nigeria: Dangote appoints non-executive director
Dangote Cement PLC, Africa’s largest cement producer, announces the appointment of Dorothy Udeme Ufot, SAN, as an independent non-executive director. Mrs Ufot has more than 26 years’ experience in commercial litigation at trial and appellate levels, having been admitted to the Nigerian Bar in 1989 and then admitted to the Inner Bar as a Senior Advocate of Nigeria (SAN) in April 2009. She als...
India: Parth Jindal appointed MD of JSW Cement
Parth Jindal, son of the chairman of the JSW Group, has been appointed as managing director of its cement business, JSW Cement, the Hindu’s Business Line reports. He will take up his appointment in July. The Hindu reports that Mr Jindal, who has worked as an economic analyst for JSW Steel, has already taken an interest in the cement business, persuading the group to invest INR8bn (US$120m) ...
Germany: Refratechnik appoints new managing director
Mr Wolfgang Tabbert, managing director of Refratechnik Cement GmbH, has handed over his duties to his colleague Dr Stefan Puntke, whose field of activities will now be handled by Dr Christian Meyre. Wolfgang Tabbert has worked for the company for more than 30 years, five of them as sales manager, and 13 years as managing director. To ensure a smooth transfer and termination of his activities...
PPC sees six-month revenues and volumes flat
In its trading figures for the six months to 31 March 2016, PPC saw its operating profits fall by three per cent to ZAR733m (US$48m). Revenues were flat at ZAR4501m (US$294m), down one per cent on the same period in 2015. Likewise, volume sales were down one per cent overall, although in South Africa volumes rose by one per cent. Despite higher volumes, revenues in South Africa fell due to ...
Holcim Romania launches new products
Holcim Romania has launched a new range of bagged cement products designed to meet the needs of the country’s construction sector. The new range of Holcim products delivered in bags comprises: Structo Plus 20/40kg, Structo 40kg, Extra Dur 52 40kg and Tenco 40kg. Sofiane Benmaghnia, CEO Holcim Romania, said: “Our focus on customers and desire to build sustainable partnerships prompts us i...
Vietnam Building Materials opens new plant in Dong Nai province
Vietnam Building Materials (VCM) has officially opened a cement factory for its StarCemt brand in the Bien Hoa Industrial Zone, Dong Nai province. The company's cement products are currently distributed to more than 900 customers through shops and distributors from Binh Thuan to Ca Mau. VCM also has a clinker production plant in Van Hoa, Tuyen Hoa district, province Quang Binh, with a capa...
LafargeHolcim plans further asset sales
It has been revealed that LafargeHolcim is under pressure to find further synergies for the newly-formed cement major. LafargeHolcim was created by a EUR41bn merger last year but is stepping up its post-deal disposal programme with planned asset sales in an another nine countries, claims the Financial Times. Eric Olsen, LafargeHolcim's chief executive, has been prompted by investors to boost...