Corporate

29 June 2015

Antoine Ducleax new Lafarge Central Europe CEO

Antoine Duclaux is the new CEO of Lafarge Central Europe and heads up the future country cluster of Austria, Czech Republic, Hungary, Slovakia and Slovenia. Until recently, he was Senior Vice President Strategy at Lafarge’s headquarters following earlier appointments as Managing Dire...

29 June 2015

Mexico: Elementia plans to raise about US$290m in IPO

Mexican building materials company Elementia plans to raise about MXN4.5bn (US$290m) in its initial public offering next month. A preliminary prospectus detailed that Elementia plans to offer 201 million shares at a...

29 June 2015

South Africa: Sephaku revenue up 36%

Dangote-backed Sephaku Cement said on Friday that its revenue for the year ended March rose by 36 per cent as EBITDA increased by 39 per cent to ZAR139m (US$10.2m). Operating profit soared 44 per cent to ZAR109m, wit...

29 June 2015

Steppe Cement announces appointment of non-executive director

Steppe Cement Ltd announced the appointment of Xavier Marcel Hervé Blutel - Guilloud de Courbeville to its Board of Directors, with immediate effect, as a non-executive director. Xavier Blutel (60) is currently the ...

26 June 2015

New order for Loesche cement mill in Mexico

Cementos Moctezuma has selected Loesche’s LM 53.3+3 C cement mill, including COPE gearbox, to increase production capacity at its plant in Apazapan, Mexico.  Loesche LM 53.3+3 C The VRM mill will be used...

26 June 2015

Fitch puts China Shanshui Cement ratings on Negative Watch

Fitch Ratings has affirmed China Shanshui Cement Group Limited's (Shanshui) Long-Term Issuer Default Rating (IDR) and senior unsecured ratings of 'B+'. The agency has also put the rating on Negative Watch to reflect ...

26 June 2015

Qalaa Holdings to focus on core subsidiaries, including cement

Qalaa Holdings has signed a set of agreements with Financial Holdings International (FHI), one of Qalaa’s major co-investors, through which Qalaa will acquire from FHI additional stakes in subsidiaries that are co...

25 June 2015

Medcem to invest in 3Mta works in north Colombia

Turkish cement producer Medcem plans to built a 3Mta works in the north of Colombia, according to local press reports. The US$50m plant will be constructed in the Free Economic Zone of Puerto Brisa, near Dibulla in G...

25 June 2015

Fitch revises West China Cement's Outlook to Stable, affirms 'BB-' Ratings

Fitch Ratings has revised West China Cement Limited's (WCC) Outlook from Negative to Stable. Its Long-Term Issuer Default Rating (IDR), senior unsecured and bonds ratings have been affirmed at BB-. The change in Outl...

25 June 2015

Limak Holdings eyes Turkish entry

Turkish conglomerate Limak Holding says it will invest US$150m in a 2Mta cement factory in Mozambique. Limak chairperson, Nihat Ozdemir, said his firm would create least 500 jobs during the first phase of the facto...

25 June 2015

American Starlinger-Sahm Inc moves into new HQ

American Starlinger-Sahm Inc has completed the move into its new North American headquarters. Located in Fountain Inn, South Carolina, the facility consists of a machine exhibition area, spare parts warehouse, and of...

25 June 2015

New managing director at Unicon A/S

Søren Holm Christensen, finance director in the Nordic and Baltic region of Cementir Holding, has been appointed managing director for its subsidiary, Unicon A/S in Denmark, as of 1 September 2015. Søren Holm Christ...

24 June 2015

Cementos Portland in EUR200m capital increase

The shareholders of Spain's Cementos Portland have approved a EUR200m increase in the Spanish cement producer’s capital to strengthen its balance and reduce its debt. Cements Portland will issue new shares at EUR6....

26 June 2015

TCL Group plans delisting

In the midst of a major debt restructuring exercise, Trinidad Cement Ltd (TCL) has announced that it could delist from the Barbados Stock Exchange (BSE), the Eastern Caribbean Securities Exchange (ECSE) and the Guyan...

24 June 2015

Buzzi hosts Missouri delegation at company HQ

At the end of March, Buzzi Unicem hosted a delegation of public officials and entrepreneurs from Missouri, led by state governor Jay Nixon. The governor was accompanied by Mike Downing, director of the Economic Deve...

24 June 2015

Fitch withdraws Societe des Ciments d'Enfidha ratings, Tunisia

Fitch Ratings has affirmed Tunisian building materials group Societe des Ciments d'Enfidha (SCE) National Long-term rating of 'BBB(tun)' with Stable Outlook and National Short-term rating of 'F3(tun)'. However, Fitch...