Cement News tagged: Corporate
Vietnam Building Materials opens new plant in Dong Nai province
Vietnam Building Materials (VCM) has officially opened a cement factory for its StarCemt brand in the Bien Hoa Industrial Zone, Dong Nai province. The company's cement products are currently distributed to more than 900 customers through shops and distributors from Binh Thuan to Ca Mau. VCM also has a clinker production plant in Van Hoa, Tuyen Hoa district, province Quang Binh, with a capa...
LafargeHolcim plans further asset sales
It has been revealed that LafargeHolcim is under pressure to find further synergies for the newly-formed cement major. LafargeHolcim was created by a EUR41bn merger last year but is stepping up its post-deal disposal programme with planned asset sales in an another nine countries, claims the Financial Times. Eric Olsen, LafargeHolcim's chief executive, has been prompted by investors to boost...
Semen Indonesia to sell 49% stake in unit
Indonesia's largest cement producer, Semen Indonesia, plans to sell a 49 per cent stake in one of its units to help fund the company's future expansion, according to Investor Daily quoting the firm’s Finance Director, Darmawan Junaidi. The strategic investor will hold the stake for a limited period, tentatively 10 years. However, which subsidiary's stake will be sold remains currently undisc...
USA: Exshaw modernisation produces first clinker
The Lafarge plant at Exshaw celebrated a key accomplishment as groundwork continues for the next chapter in the cement plant's 100-plus-year history. The Exshaw expansion is currently the biggest global investment Lafarge is undertaking, and now the cement company is able to see the rewards of its expensive expansion come to life. First clinker was achieved at the multi-hundred million-d...
Bolivia: Fancesa seek new transport solution
Fancesa will study a project for its own road transport company put forward by the Chuquisaca government. The firm is in the middle of a dispute with local unionised truck drivers who anticipate that the new business unit will be a total failure. Fancesa has reportedly received an offer from Volvo that could provide at least 100 trucks immediately.
Indian producers line up for LafargeHolcim's Sri Lankan operations
A shortlist of potential buyers in the sale of LafargeHolcim's Sri Lankan operations have been named as Dalmia Bharat, Shree Cements along with Ramco after an initial round of screening. The global cement major is divesting its business in Sri Lanka as part of a global portfolio realignment. With an estimated 2.3Mta grinding capacity and a 1.8Mta clinker capacity, it currently controls 40 p...
Fabrizio Donegá new CEO of Cementos Moctezuma
Fabrizio Donegá has been appointed as new CEO of Cementos Montezuma following the retirement of Pedro Carranza Andersen after 21 years of service with the company. The appointment was formally approved by the Board of the Cementos Molins subsidiary on 3 October 2016. Mr Donegá has extensive experience in the cement industry in key positions at Ciments du Maroc, Vassiliko Cement Works, Shym...
Italy: Cementir receives court approval for Sacci Spa purchase
The Court of Rome has published the decree of approval of the composition with creditors of Sacci Spa, which includes the offer to purchase its business divisions submitted by the subsidiary Cementir Italia Spa. The Court verified the regularity of the procedure and the outcome of the creditors’ vote and approved the arrangement with a motivated decree. The closing of the transaction, su...
South Africa: AfriSam to encourage enterprise development in Bafokeng
At a ceremony held at Phokeng, North West Province, AfriSam and New Business Consulting, a 100 per cent Broad-Based Black Economic Empowerment (B-BBEE) Bafokeng-owned company, signed a Memorandum of Understanding (MoU), cementing a partnership to facilitate enterprise development and creating job opportunities for the Royal Bafokeng Nation. As part of the MoU, a number of enterprise developm...
India: Jaypee vice chairman and director resigns
Jaiprakash Associates Ltd (JAL) said its vice chairman, Sarat Kumar Jain, has resigned from the Group. Jain had been associated with the Jaypee Group for over 50 years. "He is presently 78 years old and is not keeping in good health. As such he has expressed his inability to continue as vice chairman/director of JAL," the firm said. Jain resigned from the office of the vice chairman and d...
Australia: competition body seeks higher Cement Australia fine
The Australian Competition and Consumer Commission (ACCC) has appealed against a court ruling imposing fines of AUD18.6m (US$14m) on Cement Australia, one fifth of the level the ACCC had asked for. In September 2013 Cement Australia was found guilty of conspiring to prevent competition in the concrete market when it entered into contracts with power stations in southeast Queensland to acqui...
Holcim Westport land for sale
Following the closure of Holcim's Cape Foulwind cement plant in Westport, New Zealand, the plant site and its 400ha of land are for sale. The 60-year old Holcim plant is due to close 30 June 2016 as the company plans to import cement to two new terminals at Auckland and Timaru. The assets available as part of the sale include a quarry, packing plant site, water treatment plant, farm land, s...
USA: new plant manager for Ash Grove Midlothian
Michael A Gonzales is the new Ash Grove Cement Company Midlothian plant manager, according to Stuart Tomlinson, vice president of manufacturing – Midwest, with Ash Grove Cement Company. Mr Gonzales begins work at the Midlothian plant effective 1 June 2016. “We are pleased to have Michael lead our modernised Midlothian plant. His experience and record of accomplishment in the cement manufact...
Morocco: Ciments du Maroc cancels Safi wind farm project
Ciments du Maroc, an Italcementi subsidiary, has abandoned plans to construct a wind farm at its Safi site on Morocco’s Atlantic coast, SeeNews Renewables reports. The company will instead explore the possibilities of buying in energy from local suppliers. Co mmenting on the decision, CEO, Mario Bracci, said: "Today, different opportunities exist and a number of supply contracts are being o...
India: Prism Cement acquires stake in BLA Power
Prism Cement has agreed to acquire 15.23 per cent equity stake for approximately INR210m (US$3.14m) in BLA Power, which is in the sole business of generating thermal power. The company will enter into a power supply agreement with BLA Power for the purchase and consumption of 25MW of RTC (round the clock) power from BLA Power for its Unit I and II cement plants at Satna, Madhya Pradesh, unde...
India: Kanodia Cement plans Bihar grinding unit
Kanodia Cement plans to set up a cement grinding unit with a capacity of 1.2Mta in Kuradi village, Durgawati, in Bhabhua district of Bihar. The estimated cost of the project is INR2000m (US$29.9m). The project will be spread over 3.82ha of land. The company has received environmental clearance for the project and is awaiting other necessary clearances.