Cement News tagged: Corporate
ICR interviews thyssenkrupp's Frank Ruoss
In the July issue of ICR, equipment specialists throughout the cement sector reflect on their achievements in the past three decades and look to what the cement industry can expect from them going forward. In this interview, ICR speaks with Frank Ruoss, CEO of Cement Technologies, thyssenkrupp Industrial Solutions. ICR What is thyssenkrupp/Polysius’ single most significant achievement? ...
LafargeHolcim reviewing sale of Indonesian assets
LafargeHolcim (Switzerland) is considering the sale of its Indonesian subsidiary, Holcim Indonesia, for a total consideration of US$2bn, according to Bloomberg and local reports. The Indonesian cement market has suffered from overcapacity and price pressure in recent years, placing pressure on profit margins. Nevertheless, the long-term potential of the market and Holcim Indonesia’s strong m...
LafargeHolcim wins contract from Highways England
LafargeHolcim has won a GBP500m (US$661m) contract from Highways England to supply cement bound works and asphalt over the next four years for a regional investment programme, according to the producer. The company's UK subsidiary, Aggregate Industries, will supply the materials for the project. Aggregate Industries had already been chosen to provide surfacing work for the country’s largest...
Dangote forecast to increase market share in sub-Saharan Africa
The removal of tariffs and non-tariff barriers under the African Continental Free Trade Area (AfCFTA) will help Dangote Cement Plc’s expansion plans in sub-Saharan Africa and increase its consumption to 275Mt across 16 countries by 2030, according to a projection released by the Nigeria Office for Trade Negotiations. The Dangote Group has also forecast a 27.1 per cent market share in sub-Saha...
ICR interviews Cementir's Francesco Caltagirone Jr
In the July issue of ICR, cement associations and producers reflect on the past three decades, highlight the industry’s achievements and look at the way ahead as climate change and other challenges drive changes in the industry. In this interview, ICR speaks with Francesco Caltagirone Jr, chairman & CEO, Cementir Holding SpA. ICR How has your company evolved over the last 30 years and what...
Martin Marietta acquires CRH America's divested asset
US-based Martin Marietta Materials has acquired CRH America’s Mallard Sand & Gravel business, which will add approximately 30Mt of aggregates to the company’s reserves. CRH was required to divest these assets as part of its acquisition of Ash Grove Cement Co. Furthermore, Martin Marietta has sold two aggregate quarries to resolve competition issues with respect to its recent acquisition of ...
Dangote to issue shares as part of its NGN150bn Commercial Paper Programme
Dangote Cement Plc has announced the issuance of NGN50bn (US$13.9m) series 1 and 2 notes under its NGN150bn Commercial Paper Programme, announced on 27 June 2018. The series 1 and 2 notes will be listed on Nigeria's FMDQ OTC Securities Exchange on 19 July 2018. Funds raised in the Commercial Paper (CP) Programme will be used for capital expenditure, working capital and general corporate pu...
LafargeHolcim acquires leading Texan ready-mix concrete company
LafargeHolcim has acquired Tarrant Concrete, a leading providing of ready-mix concrete in the Dallas/Fort-Worth area in Texas, USA. Jan Jenisch, CEO of LafargeHolcim: “The acquisition of Tarrant Concrete follows our Strategy 2022 – ‘Building for Growth’ by capturing growth opportunities in our most attractive markets. By being highly complementary to our existing business, Tarrant Concrete w...
LafargeHolcim appoints new Head of Middle East/Africa
LafargeHolcim has appointed Miljan Gutovic as the Head of Region Middle East/Africa and Member of the Executive Committee of the Franco-Swiss building materials producer, effective as of July 2018. He succeeds Saâd Sebbar who has decided to pursue opportunities outside of the company. Miljan Gutovic (39), an Australian national with over 13 years of experience in the building materials sect...
Dangote opens mega warehouse in Nigeria
Dangote Cement Co has inaugurated its mega warehouse in Imo State, Nigeria. The warehouse was officially opened by Governor Rochas Okorocha and the president of Dangote Group, Alhaji Aliko Dangote. "Dangote Cement has sold more cement in Imo State than it has done in any other part of the country because of the infrastructural revolution going on in the state. Imo State today is a new state,...
Mega Conglomerate withdraws bid to acquire Dewan Cement
Pakistan’s Mega Conglomerate Private Ltd (MCPL) has reportedly withdraw its bid to buy controlling shares in two plants of Dewan Cement based in Dhabeji, Sindh and Hattar Industrial Estate, Khyber Pakhtunkhwa. The two facilities have a combined capacity of 2.89Mta. Dewan Cement is yet to comments on failure of the deal, but markets predict it may be due to high prices and change in dynamic o...
Bestway Cement starts dispatch from Farooqia Line II
Bestway Cement Ltd (BCL) has started dispatches of cement from its new Farooqia Line II, having clinker capacity of 6000tpd, at Hattar in Khyber Pakhtunkhwa. Local supply commenced on 20 June, according to Sehar Husain, company secretary, in a notice to Pakistan Stock Exchange (PSX). Performance in 9MFY18 (July 2017-March 2018) BCL's cement production stood at 6.462Mt in 9MFY18, up by 13 p...
Breedon completes Tarmac asset swap
Breedon Group announced it has completed an asset swap with Tarmac that secures 25Mt of additional mineral reserves and some 50,000tpa of extra asphalt capacity in four key UK locations. The Group has acquired from Tarmac three quarries near Inverness, Penrith and Wrexham, together with a quarry and asphalt plant near Porthmadog, in exchange for 23 of its ready-mixed concrete plants and a p...
Dalmia appoints Ujjwal Batria as COO
Dalmia Cement (Bharat) Ltd has appointed Ujjwal Batria as COO of the company. Mr Batria will lead the operation of sales and marketing, logistics, manufacturing and technical services departments, according to the company. Mr Batria has previously served as CEO of Lafarge India Ltd, alongside associations with Century Textiles & Industries Ltd and Tata Steel.
GICA plans its first export shipment to west Africa
Algeria’s GICA has signed a maritime contract of carriage with CNAN Nord, a subsidiary of state-run shipping group GATMA, for the company’s first shipment of 10,000t of cement to west Africa. GICA plans to export between 1-1.5Mt of its production in 2018, according to the Ministry of Industry and Mining.
Lafarge under investigation over ISIS funding
Lafarge SA was charged on Thursday with crimes against humanity for funding Islamic State in Syria. The company was informed by magistrates that it had been placed under formal investigation for financing a terrorist enterprise, aiding and abetting crimes against humanity, and endangering life. Previously, three Lafarge officials were handed charges for their alleged roles in indirectly fun...