Corporate

22 May 2015

TMEIC to supply MV drive systems for McInnis Cement, Canada

TMEIC announces an order from ThyssenKrupp Industrial Solutions (USA) Inc to supply MV Drive Systems for McInnis Cement. The TMEIC Dura-Bilt5i MV series of medium-voltage drives have been selected for the forthcoming Canadian greenfield plant. The new 6000tpd plant is currently unde...

22 May 2015

China Tianrui Group Cement Co to issue CNY500m unsecured short term bills

China Tianrui Group Cement Co, a leading clinker and cement producer in Henan and Liaoning provinces, has announced that it will issue CNY500m (US$80.7m) unsecured short-term bills with a maturity of 366 days on the ...

21 May 2015

Lafarge Malaysia first-quarter pretax profit rises, construction outlook 'positive'

Lafarge Malaysia Bhd's pretax profit for the first quarter to the end of March 2015 rose to MYR99.36m (US$27.6m) from MYR97.19m in the same quarter of last year. Revenue advanced by three per cent to MYR696.09m ver...

21 May 2015

Jaiprakash reportedly in talks to sell Bhilai unit to UltraTech

Jaypee Group company Jaiprakash Associates is in talks with UltraTech Cement to sell its 2.2Mta cement plant in Bhilai, Chhattisgarh state, Business Standard report suggests. The Bhilai plant is a joint venture bet...

21 May 2015

Holcim Indonesia seeks IDR2.5trn loans for refinancing

Holcim Indonesia is looking for IDR2.5trn (US$189.59m) in loans to refinance its maturing debts and wants to replace foreign-denominated debt to ease the currency burden, according to reports in the Jakara Post. K...

21 May 2015

Cementos Portland names non-executive president, Spain

Spanish cement maker Cementos Portland has appointed Alicia Alcocer Koplowitz as a non-executive president, the company said in a filing with stock market regulator CNMV. Alicia Alcocer Koplowitz is the daughter of ...

21 May 2015

CMS Bhd 1Q pretax profit up 44%, Malaysia

Sarawak-based Cahya Mata Sarawak Bhd (CMSB) reported a 44 per cent rise in pretax profit for the first quarter of 2015 to MYR95.01m, driven by its Construction & Materials Trading, Cement and Construction & Road Main...

21 May 2015

Lafarge and Holcim reorganise group functions

Lafarge and Holcim are each preparing the reorganisation of group functions in the context of their proposed merger. Holcim’s proposed new organisation would result in a net reduction of approximately 120 jobs in H...

21 May 2015

Weaker Brazil markets depress Cimpor's profits

Cimpor has reported a first quarter turnover 7.4 per cent higher at EUR636.6m but the EBITDA declined by 7.2 per cent to EUR123.4m. The trading profit (EBIT) was 17.6 per cent lower at EUR74m. The net financial charg...

19 May 2015

PPC's first-half revenue lifted by higher Zimbabwe, Botswana and Rwanda volumes

PPC’s group cement sales volumes rose by five per cent above last year's figure, with strong demand growth in its African businesses offsetting lower demand in the core South African business. PPC’s revenue incr...

19 May 2015

Kaspar EA Wenger is designated chairman of the Board of Holcim (Schweiz) AG

In the framework of the progressing merger between Holcim and Lafarge, Kaspar EA Wenger will become designated chairman of the Board of Holcim (Schweiz) AG, effective 30 June 2015, and hand over his responsibilities ...

19 May 2015

Jaiprakash gets shareholder go-ahead to sell to units to UltraTech

Jaiprakash Associates Ltd has received shareholder approval to sell two cement units in Madhya Pradesh to UltraTech Cement Ltd, the company said in a notice to the stock exchanges. In December, Jaiprakash Associates...

21 May 2015

Dangote revenues boosted by new capacities

Dangote Cement reported a double-digit rise in first-quarter revenue, boosted by contributions from its new factories in Africa. Group cement sales volumes rose by 3.4 per cent compared to the same quarter of 2014,...

18 May 2015

Algeria: Lafarge-Souakri plant operational in August

Lafarge Algeria an Souakri’s joint venture, the 2.7Mta Biskra cement works, is expected to deliver its first bag of cement in August 2015, according to Eric Meuriot, head of Lafarge Algeria. Full production is schedu...

21 May 2015

TCL restructures debt, names new CEO

Trinidad Cement Ltd (TCL) has repaid all its previous lenders, company chairman, Wilfred Espinet, announced alongside Nigel Edwards and new chief executive, Jose Luis Seijo. Espinet said shareholders were updated ...

15 May 2015

Cemex to double capacity at Luzon cement plant, Philippines

Cemex announced yesterday that it is undertaking a new US$300m investment in the Philippines involving the construction of a new 1.5Mta line at is Solid Plant in Luzon. The investment will double the capacity of the ...