Cement News tagged: Corporate
Pakistan: Bestway Cement shelves plans to acquire Dewan Cement
Bestway Cement has announced it has shelved plans to acquire the North plant of Dewan Cement in Pakistan. “As a result of delay and uncertainty resulting from recent legal proceedings initiated in the Sindh High Court, Bestway Cement Limited has decided not to proceed with the acquisition of the north plant of Dewan Cement Ltd located at Kamilpur, near Haripur, Khyber Pakhtunkhwa,” the compa...
IFC considering equity injection in Myanmar cement plant expansion project
The International Finance Corp (IFC) is considering an equity injection into the brownfield expansion of Shwe Taung Cement Co's cement plant at Pyi Nyaung village, Myanmar . Shwe Taung Cement is part of a local conglomerate, Shwe Taung Group (STG) The total project cost is estimated at US$110m. The proposed IFC investment in STC comprises an investment in common equity for up to US$15m and...
China Shanshui Cement says some properties of unit "illegally occupied" by Jingtian
China Shanshui Cement today informed its shareholders that some properties of its Shandong Shanshui Cement Group unit were "illegally occupied" by Mi Jingtian, the former deputy general manager of Shandong Shanshui and his associates. The company said that on 8 April the directors of the company entered and tried to repossess the properties of Shandong Shanshui in Jinan city. It said the dir...
Croatia: EC prevents Cemex Croatian sale
Cemex SAB de CV has announced that the European Commission has refused Cemex permission to sell its Croation operations to Duna-Drava Cement Kft, a joint venture owned by HeidelbergCement and Schenk Zement AG. Therefore, Cemex will maintain its three cement plants, seven concrete plants and two aggregate quarries in Croatia, as well as its network of maritime and land-based terminals in Croat...
Brazil: Votorantim set to complete key investments abroad in 2017
Votorantim SA will complete key investment projects this year to return return to profit amid a challenging outlook, said Votorantim's CEO, João Miranda. Capital spending needs should ease as several investments in Turkey, Bolivia and the United States as well as a Brazilian wind farm project are slated to turn operational next year. Votorantim's loss came in the wake of a nine per cent d...
Vietnamese PM invites SCG to widen its investment in the country
The Prime Minister of Vietnam, Nguyen Xuan Phuc, has used a meeting with the head of Siam Cement Group to urge the company to expand its activities within the country. The Prime Minister met SCG President and CEO, Roongrote Rangsiyopash, in Hanoi on 5 April and used the occasion to underline the benefits of further investment in Vietnam. In March 2017 SCG announced that it was taking a 100 ...
Uruguay: Ancap to reduce staff by a third
Ancap will reduce its number of employees by a third, according to the Uruguayan cement producer’s President, Marta Jara. While the step is part of a cost-reduction programme, the company said it will keep its three cement plants operational. Ms Jara stressed the need to "reorganise work, including automation, improving working conditions, avoiding overtime and overlapping of work."
UK: small fire at Cemex Rugby plant
A small fire broke out in the dust filtration system at Cemex's plant in Rugby, according to reports in the local press. Firefighters successfully extinguished the blaze, which occurred on Tuesday, 4 April. "No one was injured, everyone was safe, that’s the main thing. The emergency services attended which is standard procedure and the fire was brought under control," said Martin Casey, ...
Philippines: Eagle Cement Corp eyes third Bulacan line
Eagle Cement Corp plans to open the third line of its Bulacan cement plant by 2018. The new line will add 2Mta of production capacity to the 5.1Mta integrated works in San Ildefonso, bringing its total cement capacity to 7.1Mta. Full funding for the new line has already been secured. In addition, the company is also looking to build a cement plant in Cebu by 4Q17 with completion of the 2...
Dominican Republic: Cemex inaugurates San Pedro de Macorís packaging line
Cemex has inaugurated a new packaging and palletising line at its San Pedro de Macorís plant in the Dominican Republic. The new Italian-built facility represents an investment of DOP400m (US$8.5m) will enable the company to increase its capacity by 30 per cent, bringing the plant’s capacity to over 3Mta. "This is the first of several major investments to be made by CEMEX in the Dominica...
Mauricio Doehner new president of Mexico’s cement association
Mauricio Doehner has been appointed as new president of Mexico’s cement association, Cámara Nacional del Cemento (Canacem). He replaces Billy Álvarez of Cruz Azul. The appointment is for one year with the option to re-elect him for a second period. The new president will focus on positioning cement more as an infrastructure option, promoting the use of alternative fuels, transportation effi...
Sri Lanka: INSEE Cement launches INSEE Academy
Siam City Cement (Lanka) Ltd (SCCL) launched the INSEE Academy on 23 March in Colombo, Sri Lanka. The INSEE Academy as an initiative by SCCL to accelerate the growth of 'home grown talent' to take senior roles within Sri Lanka and other group companies. The Academy’s motto is 'Inspire.Instill. Ignite', aims to 'Inspire' employees to be better, 'Instill' values and 'Ignite' a passion for exc...
Nepal: Arghakhanchi Cement introduces moisture-proof packaging.
The Arghakhanchi Cement company has introduced new moisture-proof packaging for its bagged cement, reports myrepublica.com. “We have introduced this new packaging to ensure the standard weight and to keep the cement safe from moisture. We have successfully achieved a new milestone in our commitment by providing high-quality products to dealers, consumers, and constructors which will strengt...
India: Orient and JP deal reportedly in final stages
Orient Cement's plan to acquire certain assets of the Jaypee Group is in the final stages and completion of the deal could be announced shortly, according to local media. Citing sources familiar with the development, 'Moneycontrol' reported today that management of both Orient and the Jaypee Group are due to meet this week to discuss last-minute details of the deal. In October 2016, the ...
Lafarge Zimbabwe returns to full-year profit
Lafarge Zimbabwe returned to full-year profit for the 12 months ending December 2016 as volumes edged ahead and cost savings in operations, plant maintenance and "better" inventory control, as well as a revaluation of plant property and equipment all contributed to the improved performance. The cement maker posted a net profit of ZMD3.1m (US$8565) in 2016 versus a ZMD1.9m loss in the sam...
Cemex Latam Holdings inaugurates Guatemala expansion
Cemex Latam Holdings has inaugurated its expanded Arizona cement works in Guatemala. The project represents an investment of US$3.7m and will enable the plant to increase its production by 10 per cent to 0.545Mta. In addition, the plant’s bagging facilities have been upgraded from 65tph to 95tph. Jaime Muguiro, managing director of Cemex Latam Holdings, said that Guatemala has become a ...