Cement News tagged: Corporate
JSW Cement begins work on 1.2Mta grinding unit
India’s JSW Cement has begun construction of a 1.2Mta grinding unit at the Kalinganagar Industrial Complex in Jajpur, Odisha, which will be used for the production of Portland slag cement and GGBS. Petron Engineering Construction won the INR600m (US$8.2m) contract for civil and structural work, while the State Environment Impact Assessment has provided clearance for the project. The unit is ...
Gebr Pfeiffer commissions Osho grinding mill
Gebr Pfeiffer has erected and commissioned an MVR grinding plant at Port Elizabeth, Eastern Cape, South Africa, for Osho Cement in just four months. Osho Cement is a joint venture with HeidelbergCement. The MVR 37750 C-4 mill was ordered in 2017 and is the first MVR mill in South Africa. The new mill will grind clinker at 110tph to a Blaine fineness of 3500cm 2 /g and 80tph of blastfurn...
Unacem seeks loans of up to US$490m
Union Andina de Cementos SAA (UNACEM) plans to start talks with banks for up to US$490m in loans to refinance existing US$-denominated debt and other corporate purposes. The company is seeking US$50m from Citibank, US$45m from Banco Santander and local currency credit facilities for up to US$100m from Banco de Credito del Peru and Scotia Bank Peru, the Peruvian cement producer said in a rece...
Oman Cement unveils new brand identity
Oman Cement Co unveiled a new brand identity and logo to convey its strong brand value proposition that is synonymous with quality, strength and reliability. The new brand identity was launched at a function held under the auspices of H E Qais Mohammad al Yusuf, chairman of Oman Chamber of Commerce and Industry. The event was attended by Dr Abdullah bin Abbas bin Ahmed, chairman of OCC, Eng ...
Nuvoco Vistas appoints new MD
India’s Nuvoco Vistas Corp Ltd has announced the appointment of Jayakumar Krishnaswamy as its managing director with immediate effect. Mr Krishnaswamy will be responsible for the company’s three business divisions of cement, ready-mix and aggregates. Mr Krishnaswamy had previously worked as the managing director of AkzoNobel India, a paints and coating manufacturing company, and was responsi...
Kigali Cement plant to go under auction
Kigali Cement plant will again go under the auction hammer tomorrow, Tuesday, when owner Athi River Mining Cement Ltd (ARM) looks to see the plant meet its valuation. Located in Gitikinyoni area of Nyarugenge district of Rwanda, the grinding plant has a cement capacity of 0.1Mta. Bidders failed to meet the valuation of the plant in the previous auction. "The only bid RWF100m (US$113m) and it...
Vicat Group appoints Hugues Chomel as CFO
France’s Vicat Group has announced the appointment of Hugues Chomel as CFO, replacing Jean-Pierre Souchet, deputy CEO, who will now be serving as an advisor to the chairman and CEO. Mr Chomel joined the company in 2004 and has been the deputy CFO since 2013, having previously worked for Schneider Electric, Alstom and Deloitte.
Ciments du Maroc reports 1H turnover down 4%
Ciments du Maroc posted a 1H18 turnover of MAD1.94bn, a 4.2 per cent decrease when compared with the same period in 2016. The sales volume of the company and its subsidiary Indusaha fell 2.6 per cent with domestic demand 2.9 per cent over the period. The gross operating surplus was MAD1bn, up 9.3 per cent as operating performance improved. Operating income rose faster than EBITDA (+12.5 per ...
FANCESA increases freight charges
From 1 October new freight charges will come into effect at Bolivia’s Fábrica Nacional de Cemento (FANCESA) as it currently prepares individual contracts for carriers. Fo example, freight to Santa Cruz will cost BOB13/bag with the company expected to publish the costs of further markets in the following days.
Cemex Holding Philippines denies ownership in landslide area
Cemex Holding Philippines (CHP) reported to the stock exchange that it has no equity stake in APO Land & Quarry Corp (ALQC) after a landslide killed at least 22 people and left several people unaccounted for in the area on 20 September. Cemex is coordinating with ALQC after the recent downpour caused a landslide in Sito Sindulan, Barangay Tina-an, Naga City, Cebu. While ALQC is a ra...
Vicat is looking at Brazil
Vicat has confirmed that it is in conversations with Ciplan, Cemento Planalto SA, which could lead to an investment in the Brazilian group. The privately-owned Ciplan was established in 1968 and is active in cement, mortar, concrete and aggregates and has around 1100 employees. No further information was disclosed by Vicat.
Case dropped against LafargeHolcim's mining in East Khasi hills
The Meghalya High Court dismissed a public interest litigation (PIL) against LafargeHolcim as being 'totally without merit' and 'tainted with ill design' against the company's mining of limestone in the land bordering Nongtrai and Shella, India, near the Bangladesh border. While the PIL had been pending since 2007, the Shella Action Committee (SAC) could not produce one land owner who was aff...
PT Semen Indonesia reports 4% rise in August sales
PT Semen Indonesia reports its cement sales in August 2018 amounted to 20.67Mt, a rise of four per cent compared to 19.88Mt in August 2017. Domestic sales totalled 16.93Mt while exports reached 1.99Mt for the month. PT Semen Indonesia's Director of Marketing and Supply Chain, Adi Munandir, said, " We no longer see that Sement Indonesia consist of three cement companies in Indonesia that are s...
PSK to construct new plant in Russia
Russia's Pervaya Stroitelnaya Kompaniya (PSK) has announced plans to construct a cement plant at the Borisovsky deposit in Petrovsky, Tambov region. PSK had previously purchased assets from Tambov-Cement Co, which owned the licence to develop the deposit and build the same facility. Infrastructure preparation is expected to begin in 2019, with the processing lines to be launched in 2025. The...
Kohat Cement's full-year profits fall 16%
Kohat Cement Company Ltd (KCCL) has informed the Pakistan Stock Exchange (PSX) on 19 September that its full-year net profit for 2018 was down by 16 per cent to PKR2.98bn (US$24.1m) YoY. The company's local and export sales also contracted by one per cent to PKR13.43bn. The market attributes fall in profit to a 21 per cent YoY rise in coal prices with an average rupee depreciation of five ...
South Ferriby Kiln 2 to start production in November
Cemex plans to start up its second kiln at the South Ferriby plant in north Lincolnshire, UK, in November 2018. Initially installed in 1973, the kiln has a capacity of 1000tpd and has seen significant investment over the year to ensure compliance with environmental legislation. A recent modernisation programme has seen the renewal of electrical infrastructure, control system and instrumentat...