Cement News: Corporate

17 January 2017

Arabian Cement profits down 84% in 4Q16

Arabian Cement Company have reported an 84.36 per cent YoY fall in net profit in the 4Q16, according to a bourse filing. Profits reached SAR24m (US$6.4m) in 4Q16 compared to SAR153.5m in the corresponding period of the previous year. A decrease in gross profit by SAR125m was a resul...

17 January 2017

USA: TAKRAF acquires bulk handling company

Global mining and bulk material handling equipment supplier, TAKRAF, has acquired the assets of FMC Technologies' Material Handling Systems (FMC MHS) business unit based in Lansdale, Pennsylvania, USA. For over 10...

17 January 2017

Canada: McInnis Cement plant nears completion

The new Port Daniel-Gascons cement plant of McInnis Cement, Canada, was completed for nearly 90 per cent in December, according to company reports. "The completion of the construction of the cement plant and the d...

17 January 2017

Saudi Arabia: Hail Cement Q4 profits decline 21%

Hail Cement Company (HCC) reported a 20.99 per cent decrease in net profit for the 4Q16. HCC achieved SAR23.67m (US$6.31m) net profit in the quarter, falling from SAR29.95m in the 4Q15. Profits fell by 7.95 per ce...

Brazil: Magnesita installs SAP global management system 16 January 2017

Brazil: Magnesita installs SAP global management system

Magnesita has adopted SAP ERP to unify business management in 17 countries in which it operates. The Brazilian refractory company has 27 facilities in 17 countries on four continents, and has just completed the ins...

16 January 2017

Oman: Raysut Cement net profits rise in 2016

Raysut Cement has reported a 1.02 per cent growth in net profits of OMR21.17m (US$54.98m) for 2016, against OMR20.95m reached in 2015. Total revenue of the company fell by 2.2 per cent to OMR92.59m in 2016, from OM...

Ethiopia: Mugher Cement switches to coal 16 January 2017

Ethiopia: Mugher Cement switches to coal

The Mugher cement project has replaced heavy fuel oil with coal at its 5000tpd plant. "The replacement was crucial to increase quality, reduce production delay and supply energy on a regular basis," said Project M...

13 January 2017

Kazakhstan: Steppe Cement FY16 results

Steppe Cement Ltd recorded revenue for the year ended 31 December 2016 of KZT17.94bn (US$54.01m), representing an eight per cent drop YoY from KZT19.53bn recorded last year. A sales volume of 1,570,140t of cement ...

13 January 2017

Medcem Cameroon’s local shareholder outlines plans

The Cameroonian part-owner of the country’s newest cement producer, Medcem, has spoken of the ambitions behind his partnership with Turkish investors, Business Cameroon reports. Emmanuel Peughouia is the owner of ...

12 January 2017

India: Andani Group to construct new 10Mta clinker plant

Adani Group Chairman, Gautam Adani, has announced that Adani Cementation (ACL) will be the name of a new company to set up a 10Mta clinker plant with an investment of INR55,000m (US$809.1m). Adani Enterprises has a...

12 January 2017

Kenya: Savannah Cement resumes operations

Savannah Cement has reopened operations after temporary closure over the Christmas season to undergo major renovation. “We have decided that going forward we will be doing annual maintenance of the plant during the...

12 January 2017

India: Anjani Portland Cement commissions power plant

According to reports in the Hindu, Anjani Portland Cement has commissioned a 16MW captive coal-fired power plant at its cement unit in Telangana. 

12 January 2017

India: JSW Cement takes 37% stake in Shiva Cement

JSW Cement has bought out the promoters of Odisha-based Shiva Cement, acquiring 37.15 per cent of the latter’s equity, the Economic Times reports. "The share purchase agreement has been executed with JSW Cement Lt...

11 January 2017

India: JSW Cement acquiring controlling stake in Shiva Cement

JSW Cement Ltd is to buy the entire promoter holding in cement maker Shiva Cement Ltd and launch an open offer to acquire another 32 per cent from the company's public equity shareholders. Odisha-based Shiva Cemen...

11 January 2017

LafargeHolcim supplied 30 concrete types to Elbphilharmonie

LafargeHolcim will see the completion of new Elbphilharmonie concert facilities in Hamburg, Germany, today. The cement producer delivered some 30 different types of concrete to meet the architects’ aesthetic and tech...

10 January 2017

India: Burnpur Cement blames demonetisation for repayment failures

Burnpur Cement has declared its inability to repay bank loans on Saturday due to demonetisation as its repayments had turned “irregular” with lenders because of “depressed” market conditions. Located in eastern Ind...