Cement News tagged: Corporate
Domicem celebrates sustainable growth in 2018
Domicem highlighted its sustainable growth in 2018 as the company’s Managing Director, Adriano Brunetti looked back on the year during the company’s Christmas dinner. "I would like to remind you that in this year we have achieved important goals such as the construction of a photovoltaic energy park, whose work started at the end of 2017 and which we recently inaugurated," Mr Brunetti said. ...
No reprieve for National Cement Company
Hisham Tawfik, Egypt's Minister of Public Business Sector, confirmed that the state-run National Cement Company (NCC) of Egypt will be shut down. NCC had closed after the public business sector ministry confirmed the difficulty of reforming the company's financial condition as it required investments of EGP1.5bn (US$873.5m). The cement producer's workers have been compensated with 180 per ce...
Binani Cement changes name following acquisition
Binani Cement has announced that it will be changing its name to UltraTech Nathdwara Cement Ltd, following the company’s acquisition by UltraTech on 20 November. UltraTech Cement’s capacity in the northern region will be enhanced to 24Mta, with the producer expected to become one of the strongest in the market.
Ambuja Cement announces greenfield investment and CEO resignation
The Board of Directors of Ambuja Cements Ltd (LafargeHolcim group) has approved an initial investment of INR3,900m (US$54.1m) for the first phase of the 1.7Mta greenfield clinker line project at Marwar Mundwa in the State of Rajasthan, India. The Board of Directors of the company has also approved an additional clinker capacity of 1.4Mta (taking the total clinker capacity to 3.1Mta), additi...
APO Cement resumes operation of kiln lines
APO Cement (Cemex) has resumed operation of its two kilns at its cement plant in the Philippines, two weeks after they were closed due to the unavailability of raw materials. The manufacturer will therefore reinstate the employees who were temporarily suspended, according to BusinessWorld. In addition, the company will no longer close its terminal in Davao City.
Holcim Philippines contracts Huaxin for US$245m project
China’s Huaxin Cement has announced that it has been contracted to build and renovate cement production lines and supporting facilities for Holcim Philippines. The US$245m engineering, procurement and construction contract is expected to be fulfilled over a two-year period. It will see Huaxin build a 6000tpd production line, renovate an existing 3000tpd line and erect a 7MW waste heat power g...
Fauji Cement Company appoints directors
Fauji Cement Company Ltd (FCCL) has informed Pakistan Stock Exchange (PSX) that it has appointed a new Chairman, Chief Executive Officer/Managing Director and Directors during 10th Extra Ordinary General Meeting on 29th November 2018. The new board now consists of the following directors with effect from 13 December 2018. Lt Gen Syed Tariq Nadeem Gilani, HI(M), (Retd) Chairman Lt Gen Muh...
ACC announces INR30bn expansion plans
The board of India's ACC has approved a proposal for setting up an integrated greenfield project at Ametha, Madhya Pradesh, with a clinker capacity of 3Mta and cement of 1Mta. The plans also include the "expansion of the existing grinding unit in Tikaria, Uttar Pradesh and a third grinding unit also in Uttar Pradesh," said the company in a press release. The board has also approved a further...
Caribbean Cement secures loan to pay US$ debt
Jamaica's Caribbean Cement Co Ltd and its mining subsidiary have secured a five-year JMD3bn (US$23.53m) loan from National Commercial Bank Jamaica to pay back a US dollar debt. The amount will be repaid in Jamaican dollars at a rate of 7.45 per cent per annum. The company also has stated that some of the funds will be used for general corporate purposes, according to The Gleaner. Its mining ...
Fives FCB opens sales office in USA
Fives strengthens its global presence as it opens a new Cement and Minerals sales office in the USA. Through this new office, the company will improve the ways in which it addresses the requirements of the US market, and promote FCB technologies and services for the cement and minerals industries in terms of equipment, systems, revamping and complete line projects.
Graeme Bride appointed as plant manager of Tarmac's Aberthaw facility
UK-based Tarmac has appointed a new plant manager, Graeme Bride, at its facility in Aberthaw, south Wales. Mr Bride has 19 years of cement plant management experience from time spent in Nigeria and the Philippines. In his most recent role he was health and safety director at Lafarge Africa. "I am looking forward to working across departments to ensure we continue to drive performance to me...
Bamburi Cement forecasts profit drop of 25% in 2018
Bamburi Cement (LafargeHolcim group) has given a profit warning of earnings likely to drop by 25 per cent in 2018 following difficult market conditions and escalating international energy prices in Kenya and Uganda. "The company wishes to inform the shareholders and potential investors that, based on the preliminary assessment of the unaudited consolidated management accounts, the 2018 full-y...
JSW Cement to look at inorganic growth
India's JSW Cement has announced that it will be looking at inorganic expansion to reach its target of increasing capacity to 20Mta by 2020. The ongoing bad-loan resolution process has opened up opportunities to acquire cement assets in India. The company views the assets of debt-laden companies to have a strong potential to grow, while enabling swift scaling and optimisation of these capaci...
Oman Cement's Board gives go ahead for Duqum plant
Oman Cement company has informed Muscat Securities Market on 6 December that its Board of Directors has agreed to go ahead with setting up of a new integrated cement plant in Duqum area, in central-eastern Oman. According to company notification, the plant will have a clinker capacity of 5000tpd and envisages an investment of about US$212m. The project implementation process is being final...
Mahendra Singhi appointed as president of CMA
CEO of Dalmia Cement (Bharat), Mahendra Singhi, has been appointed as the new president of India’s Cement Manufacturers Association (CMA). Mr Singhi will take over the position from the outgoing Shailendra Chouksey. "India is on the cusp of great growth and infrastructure development. The Indian cement industry is at a significant moment of its history and I look forward to leading the associ...
Bamburi Cement issues profit warning for 2018
Kenya’s Bamburi Cement has issued a profit warning for the financial year ended December 2018, with investors expecting the company's lowest earnings in 10 years, according to Business Daily. "The Board of Directors (the "Board") of the Company wishes to inform the shareholders of the Company and potential investors that, based on the preliminary assessment on the unaudited consolidated man...