Cement News tagged: Corporate
Uganda: Hima Cement to launch US$40m grinding unit
LafargeHolcim-owned Hima Cement is set to launch its grinding unit in Tororo this week, according to a company sources. The new 1Mta grinding plant is located at Nyakesia, Rubongi, and will boosts Hima Cement’s production capacity to 1.9Mta. In an earlier statement, Hima Cement Country CEO, Daniel Pettersson, said that the aim of building the grinding station is to meet the increasing d...
South Africa: PPC to fund Slurry Kiln 9 project from B-BBEE deal
JSE-listed cement maker PPC says it has started structuring its new broad-based black economic empowerment (B-BBEE) agreement, after it had concluded subscription agreements of another B-BBEE deal, from which the firm received ZAR1bn (US$73.7m). Sibonginkosi Nyanga, an analyst at Momentum SP Reid Securities, said the introduction of the new B-BBEE codes meant that companies had to relook a...
Saudi Arabia: Northern Cement profits down 57% in 4Q16
Northern Region Cement Co reported a 57.3% YoY decline in profits in the fourth quarter of 2016, according to the company's filing to the Saudi Stock Exchange (Tadawul). Profits reached SAR16.91m (US$4.51m), down from SAR39.62m in 4Q15 and -43.8 per cent when compared with the 3Q16. The decline is attributed to lower sales due to intense competition, lower selling prices and reduces vol...
LafargeHolcim's Olsen welcomes US infrastructure pledge
Eric Olsen, CEO of LafargeHolcim, has welcomed President-elect Donald Trump’s commitment to increasing infrastructure spending in the United States, CNBC reports. "We've believed for many years the US needs a significant boost in infrastructure, if you look at the status of bridges, roads... core infrastructure in the US needs real investment and we're heartened to see that that's coming", ...
Colombia: OHL Industrial to build new Ecocementos plant
Spanish construction firm OHL Industrial is to build a new 1.35Mta cement plant in Sonson, Colombia, at a cost of EUR224.6m (US$240m), Construction Index reports. The integrated plant has been commissioned by Ecocementos, a joint venture between Colombia’s Corona and Spain’s Cementos Molins. Equipment for the facility will be supplied by FLSmidth .
Arabian Cement profits down 84% in 4Q16
Arabian Cement Company have reported an 84.36 per cent YoY fall in net profit in the 4Q16, according to a bourse filing. Profits reached SAR24m (US$6.4m) in 4Q16 compared to SAR153.5m in the corresponding period of the previous year. A decrease in gross profit by SAR125m was a result of a decline in sales volume and prices, as well as the increase in general and administrative expenses by a...
USA: TAKRAF acquires bulk handling company
Global mining and bulk material handling equipment supplier, TAKRAF, has acquired the assets of FMC Technologies' Material Handling Systems (FMC MHS) business unit based in Lansdale, Pennsylvania, USA. For over 100 years, FMC MHS has provided systems expertise by engineering, procuring, and construction assistance of complete material handling systems for a variety of industries, including ...
Canada: McInnis Cement plant nears completion
The new Port Daniel-Gascons cement plant of McInnis Cement, Canada, was completed for nearly 90 per cent in December, according to company reports. "The completion of the construction of the cement plant and the deepwater terminal is proceeding smoothly with a full workforce ready to put the finishing touches to this ambitious project,” said a McInnis spokesperson. Propelled by an increa...
Saudi Arabia: Hail Cement Q4 profits decline 21%
Hail Cement Company (HCC) reported a 20.99 per cent decrease in net profit for the 4Q16. HCC achieved SAR23.67m (US$6.31m) net profit in the quarter, falling from SAR29.95m in the 4Q15. Profits fell by 7.95 per cent to SAR104.52m in 2016 compared to SAR113.55m in 2015. The decline in net profits was attributed to lower total sales due to weak demand, despite unrealised investment profits in...
Brazil: Magnesita installs SAP global management system
Magnesita has adopted SAP ERP to unify business management in 17 countries in which it operates. The Brazilian refractory company has 27 facilities in 17 countries on four continents, and has just completed the installation of the SAP business management solution to converge its process systems on to one platform. The Pangea Project, as it was named, considered a global operational platfo...
Oman: Raysut Cement net profits rise in 2016
Raysut Cement has reported a 1.02 per cent growth in net profits of OMR21.17m (US$54.98m) for 2016, against OMR20.95m reached in 2015. Total revenue of the company fell by 2.2 per cent to OMR92.59m in 2016, from OMR94.68m in 2015, according to preliminary results posted by the company on the MSM website. The cost of sales of the company edged up by 3.3 per cent to OMR61.13m in 2016, from ...
Ethiopia: Mugher Cement switches to coal
The Mugher cement project has replaced heavy fuel oil with coal at its 5000tpd plant. "The replacement was crucial to increase quality, reduce production delay and supply energy on a regular basis," said Project Manager Engineer, Mehari Alemu. " Apart from this, the new energy source significantly cuts the exaggerated cost for heavy fuel oil." "Currently the enterprise uses imported e...
Kazakhstan: Steppe Cement FY16 results
Steppe Cement Ltd recorded revenue for the year ended 31 December 2016 of KZT17.94bn (US$54.01m), representing an eight per cent drop YoY from KZT19.53bn recorded last year. A sales volume of 1,570,140t of cement was achieved in 2016, a four per cent decline from 1,643,136t reported in the previous year. Average price (ex-VAT) for delivered cement was KZT11,426/t (US$34.4/t) in 2016, a f...
Medcem Cameroon’s local shareholder outlines plans
The Cameroonian part-owner of the country’s newest cement producer, Medcem, has spoken of the ambitions behind his partnership with Turkish investors, Business Cameroon reports. Emmanuel Peughouia is the owner of the Quifeurou group of hardware stores and plans to use this network of outlets to distribute Medcem’s product. Quifeurou has 56 stores in 35 locations in Cameroon, Chad and the Ce...
India: Andani Group to construct new 10Mta clinker plant
Adani Group Chairman, Gautam Adani, has announced that Adani Cementation (ACL) will be the name of a new company to set up a 10Mta clinker plant with an investment of INR55,000m (US$809.1m). Adani Enterprises has already incorporated the new company, which will carry out the cement business in Gujarat. "In the past five years, we have invested INR480,000m in Gujarat," Adani said. Adani ...
Kenya: Savannah Cement resumes operations
Savannah Cement has reopened operations after temporary closure over the Christmas season to undergo major renovation. “We have decided that going forward we will be doing annual maintenance of the plant during the festive season to enable us meet our customer needs more efficiently,” Savannah Managing Director, Ronald Ndegwa, said. The cement manufacturer replaced wear parts in the grin...