Corporate

21 July 2016

Ghana: Pozzolana Cement to make redundancies?

Management at Pozzolana Ghana Ltd is considering redundancies or the temporary shutting down of the company following power outages. According to Collins Opoku Gyan, production manager, the company cannot afford to continue paying salaries at a time when no profits are being made. “...

19 July 2016

United Kingdom: fire at Cemex’s South Ferriby plant

Cemex’s South Ferriby works in Lincolnshire was hit by fire on Sunday, according to reports in the local press. The fire, which began due to a fuel leak, spread to cables, pipework and a disused control room withi...

18 July 2016

CCPC seeks Supreme Court decision on Irish Cement

The Competition and Consumer Protection Commission (CCPC) will directly appeal to the Supreme Court a High Court decision r estraining it from using certain material seized during a dawn raid of CRH subsidiary Irish ...

18 July 2016

Pakistan: Lucky Cement highlights its social impact

The largest Pakistani cement manufacturer, Lucky Cement, has highlighted the contribution its operations have made to their locality and the country’s economy reports the Daily Times. Lucky Cement has pointed out ...

15 July 2016

Cemex amortises US$353m debt

Mexican cement maker Cemex has amortised a US$352.95m debt that was due to expire in 2022, as part of its refinancing strategy to lower costs, reports Reuters. Cemex, which has been selling assets to cut debt, ann...

15 July 2016

Kazakhstan: Steppe Cement sees 6% rise in 1H16 sales

Steppe Cement Ltd sold 761,771t of cement for KZT8190m (US$23,970.4) during the first half of the year, a rose six per cent compared with 717,654t of cement for KZT8277m a year earlier. Average price for the current...

14 July 2016

UK: Hope Cement launches bagged product range

Hope Construction Materials have officially unveiled its new high-performance bagged cement products, which, for the first time, are all available in the company’s own packaging, as ICR reported in its March 2016 iss...

14 July 2016

Spain: FCC refinances Portland Valderrivas debt

In the restructuring of the group, Spain’s FCC plans to refinance the syndicated debt of Cementos Portland Valderrivas (CPV), in which it owns a 77.9 per cent stake. Funds from FCC’s capital increase will be used to ...

14 July 2016

Oman: Raysut Cement 2Q16 profits fall 2%

Raysut Cement Company (RCC) reported a decline by two per cent in its second-quarter profits, according to a bourse statement. Profits reached OMR4.8m in 2Q16, compared to OMR4.9m (US$12.72m) in 2Q15. Moreover, net ...

15 July 2016

Oman Cement’s 1H16 profits up 25%

Oman Cement has announced its profits are up by a quarter YoY for the 1H2016. In the first six months of the year, the company made a profit of OMR6.8m (US$17.7m), Muscat Daily reports. Total revenue was up by 15 per...

13 July 2016

Ghana: Dangote creates 5000 jobs

To improve the access and availability of cement across the country, Dangote Cement Ghana has acquired 1000 new trucks for the distribution of cement into all parts of Ghana. These new trucks have opened up opportuni...

13 July 2016

Michael Höllermann and Johan P Cnossen appointed to thyssenkrupp Industrial Solutions Management Board

Michael Höllermann and Johan P Cnossen will form part of thyssenkrupp Industrial Solutions’ management board from 1 August 2016. Michael Höllermann will be appointed Chief Human Resources Officer following his posi...

12 July 2016

China: Jinyuan Cement to raise CNY1.36bn in private share placement

Jinyuan Cement plans to raise up to CNY1.36bn (US$204m) in private placement of shares to fund a company acquisition, projects and repay bank loans. In June Jinyuan Cement bought a 51 per cent stake in a Jiangsu-b...

12 July 2016

UAE firm bids for Holcim Lanka Ltd

Dubai-based Onyx Group owned by Sri Lankan businessman, Nandana Lokuwithana, is said to have joined bidders in the process to buy Holcim Lanka Ltd, according to Business Standard. There are six leading bidders for...

15 July 2016

Algeria: CILAS clinker line successfully commissioned

Algeria's CILAS saw the successful start-up of its new clinker production line with the ignition of the kiln on 10 July 2016, 11 days ahead of schedule, in the presence of Didier Michel, representing CILAS' parent co...

15 July 2016

India: Nirma to acquire Lafarge India for US$1.4bn

LafargeHolcim has announced that it has reached agreement with Nirma Group for the sale of Lafarge India. The deal - valued at US$1.4bn - will see Nirma acquire assets that include 11Mta of grinding capacity and seve...