Corporate

19 December 2014

KHD appoints Daniel Uttelbach to the Management Board

Daniel Uttelbach has been appointed to the Management Board of KHD Humboldt Wedag International AG effective 1 January 2015. As executive vice president he will be in charge of Sales & Technology for the Group. Prior to his appointment to the Management Board, Mr Uttelbach worked as V...

19 December 2014

UltraTech reportedly in talks to buy further Jaiprakash units

UltraTech Cement is in talks to acquire Jaiprakash Associates Ltd's cement plants in central and southern India, people with knowledge of the matter have told local press. The company is discussing the purchase of c...

18 December 2014

Peru's Gloria Group acquires control of Soboce, Bolivia

Peruvian conglomerate Gloria Group has acquired an outstanding 51.35 per cent stake in Bolivia's largest cement producer Sociedad Boliviana de Cemento (Soboce) for US$300m. Gloria previously held a 47 per cent stake...

17 December 2014

Dangote expects first cement from new Cameroon works in January

The first bagged output from Dangote Cement’s Douala plant in Cameroon is expected to reach the market in the first week of January 2015, according project director Baba Abdullahi. “We will start production next w...

18 December 2014

Sibirsky unit receives clearance to increase Iskitimtsement stake

Russia’s Federal Antimonopoly Service has allowed Sibirsky Cement unit Topkinsky Cement to increase its stake in Iskitimtsement to 49.9 per cent from 24.97 per cent, Sibirsky Cement said in a statement on Tuesday. I...

18 December 2014

EU clears Lafarge and Holcim merger, subject to asset disposals

Lafarge and Holcim have received clearance from the European Commission (EC) for their proposed tie-up, marking a key milestone in the merger process. The decision is conditional upon the divestment of select Lafarge...

16 December 2014

South Valley Cement 9M14 net profit up 10.5% YoY

Giza-based South Valley Cement Co's net profit for the first nine months of 2014 rose by 10.5 per cent YoY to EGP100.58m (US$14m). Net profit for the corresponding period of 2013 stood at EGP91m, the company said i...

16 December 2014

Graymont to acquire lime assets from Holcim New Zealand

Graymont, the Canadian lime business, has agreed to buy McDonalds Lime from Holcim New Zealand and New Zealand Steel for an undisclosed sum. An agreement has also been reached for Graymont to acquire Taylor's Lime as...

16 December 2014

Hope Construction Materials introduces TomTom Telematic to fleet

Hope Construction Materials, the UK’s leading independent supplier of construction materials, is introducing TomTom Telematics technology to their 400-strong fleet to improve sustainability and customer service.   In...

18 December 2014

LSR to sell Slantsy cement plant to Eurocement

LSR Group is selling its Slantsy plant in the Leningrad region of Russia to the country’s leading cement producer, Eurocement Group. The parties have signed preliminary sales agreement with Eurocement having obtained...

15 December 2014

CRH announces clay and concrete disposals

CRH has said that it has reached agreement to dispose of its clay and concrete businesses in the UK and its clay business in the US to funds managed by Bain Capital Europe LLP for an enterprise value of GBP414m (EUR5...

15 December 2014

Cementos Cosmos increases Toral clinker output 6%

Cementos Cosmos’ Toral de los Vados cement works in Spain increased clinker production by six per cent this year to 670,000t. Some 185,000t of the plant’s output has been exported, including 35,000t to Brazil, 44,...

15 December 2014

PPC receives 17 nominations for non-executive director positions

PPC has received a total of 17 nominations for non-executive director positions on the reconstituted and expanded board by the 8 December 2014 closing date for nominations, Kevin Odendaal, PPC's international busines...

12 December 2014

Peru: Pacasmayo Piura to come online in July 2015

Cementos Pacasmayo has invested US$190m in its new Piura plant, Peru, and civil works have been almost completed. “The new plant is a project that we have started more than two-and-a-half years ago. The works, whi...

12 December 2014

Three potential candidates for PPC chief executive role

PPC is considering Darryll Castle as one of three candidates to become CEO of South Africa's biggest cement maker, a person familiar with the matter told Bloomberg. Castle, former chief executive of commodity trade...

11 December 2014

Ash Grove announces new Chanute plant manager

Ash Grove Cement Company announced Alan C Finch as the new plant manager of its Chanute works in Kansas, USA, effective immediately. “We are pleased that Alan will assume the leadership role of our Chanute plant. Th...