Cement News tagged: Corporate
Venezuela: Holcim receives final installment
Holcim today announced that the group has received the last compensation installment in connection with the nationalisation of Holcim Venezuela in 2008. Corporación Socialista Del Cemento SA, which is now operating the former Holcim plant, has transferred the remaining compensation amount of US$97.5m intially due on 10 September 2014, the Swiss cement producer said in a statement. Holcim r...
Dalmia Cement acquires full control of Bokaro Jaypee Cement
Dalmia Cement (Bharat) Ltd has acquired full control of Bokaro Jaypee Cement Ltd (BoJCL), following the purchase of the 26 per cent stake in the company it did not already own. BOJCL was initially set up in 2008 up as a 74:26 per cent joint venture between Jaiprakash Associates Ltd (JAL) and the Steel Authority of India’s (SAIL). In June this year, JAL sold its entire majority shareholding ...
Cimpor African results improve 9M14
Cimpor's nine-month turnover declined by 1.6 per cent to EUR1952.2m and the EBITDA was off by 4.2 per cent to EUR461.1m as the Brazilian, Argentine and South African currencies declined by 10 per cent, 36 per cent and 14 per cent, respectively. South America generated 69.1 per cent of the EBITDA in the nine months compared with 79.5 per cent a year earlier. The trading profit (EBIT) came down ...
Pakistan: Cherat Cement to construct new 1.3Mta plant
Cherat Cement will construct a new plant with a cement capacity of over 1.3Mta. The project will cost PKR12bn (US$118m) and take 30 months to deliver. The new works will take the company’s overall production capacity up to 2.4Mta. Executive director at Cherat Cement, Abid A Vazir, explained that the facility is being built due to the increase in domestic demand, and is also expected to furth...
Chile: Cemento Melon sees 310% 9M14 profit surge
Chilean cement producer Cemento Mélon has reported a 310 per cent YoY rise in pretax profits from CLP1.077bn (US$1.79m) to CLP4.855bn in the first nine months of 2014, according to ValorFuturo news service. However, revenues fell by six per cent to CLP142.793bn from CLP151.956bn over the period. Nevertheless, the cost of sales came in at CLP95.1bn, about five per cent lower than the figure r...
China: Zhongxia Cement joint venture established
China Gezhouba Group reports that its wholly-owned subsidiary Gezhouba Group Cement signed an agreement with Hubei Zhongxia Cement on 26 November, for a joint venture company that will restructure the businesses and assets of Zhongxia Cement. The venture, with a registered capital of CNY1.17bn (US$190.4m), will be engaged in production and sales of cement, clinker and fine slag powder and op...
UK: Hanson appoints new national cement sales manager
Mark Hickingbottom has been appointed Hanson bulk cement national sales manager. Mark has been with the company for over 10 years and will be responsible for managing Hanson's UK sales team. “This is an exciting role and I am looking forward to building on our position as a leading supplier of bulk cement products,” said Mark, who has a BA (Hons) degree in Business Management and is an associ...
Mexico: Elementia IPO in 1Q15
Eduardo Musalem, Elementia’s CEO, said the Mexican cement company is looking to list shares during the 1Q15 if market conditions are good. "We are ready to debut in the market," said Mr Musalem. "It could be the end of January, if the posibility exists, or February or March." Elementia agreed to buyout Lafarge’s 47 per cent in the joint venture company in September 2014. Billionaire Carlos ...
Russia: BaselCement’s Pikalyovo plant to modernise
Leningrad region's BaselCement Pikalyovo plans to raise RUB8bn (EUR138.81m/US$173.16m) in loans to pay for modernisation. The funds will be spent to upgrade production to switch to a new cement-making process and reduce the cost of natural gas. Its railway transportation to the enterprise will be subsidised by the state. The approved amount of the subsidies totals RUB290bn in 2014.
PT Indocement Pati plant delayed
The development of PT Indocement's project for a greenfield plant in Pati regency, Central Java, which was scheduled to start in 2016, is now likely be postponed for two years, according to a company executive. “Although currently its environmental impact analysis [Amdal] document has been completed and only has just to wait for permission from the regent, its construction is expected to com...
UK: Hanson Cement set to expand Padeswood
Having staved off closure, Hanson Cement's Padeswood plant is now looking to expand with a rail link and additional cement capacity in a new GBP1.2m investment project. The scheme will see staff numbers at the Flintshire site double to nearly 100 staff at Padeswood and the nearby Cefn Mawr Quarry. The turnaround has occurred after an increase in local house building and other construction ac...
Vietnam: Dong Lam Cement to build US$221m plant
Dong Lam Cement JSC will invest VND4.7trn (US$221m) on a new plant in the central province of Thua Thien-Hue. The Dong Lam cement plant in Phong Dien district currently has a clinker and cement capacity of 5000tpd and 2Mta, respectively. The company plans to sell its product in the central region to meet rising demand of cement there. At present, Vietnam’s cement output has reached 73Mta....
Angola: Kwanza Sul Cement to raise capacity
Kwanza Sul Cement Factory (FCKS) plans to increase the cement production with a new 1500tpd line to raise total installed capacity to 6000tpd. FCKS entered the Angolan market in February 2014 and produces the ‘Yetu’ brand of cement. Most of its customers are located in the Benguela region. Speaking to ANGOP, at ExpoIndustry, which ended on Friday in Luanda, Tambwe Mukas, the executive direc...
Russia: Sibirskiy Cement produces 3.9Mt in 10M14
Russia's Sibirskiy Cement produced nearly 3.9Mt of cement in the first 10 months of 2014, the company reported. In 2014, the Kemerovo-based holding company is planning to produce and sell about 4.3Mt of the construction material, which corresponds to the last year’s sales. The company and its subsidiaries produce and sell cement and cement-based building materials primarily in the Siberia...
Turkey: Afyon Cimento to relocate plant
Turkish cement producer Afyon Cimento Sanayi has decided to invest US$165m (EUR133m) to reloctate its cement plant from Afyonkarahisar in western Turkey. The company will reconstruct the 0.55Mta cement plant at a new site in Halimoru village in the same district and will upgrade the plant with modern technology, the company said.
Alfonso Conde new COO Cemex Aragon, Spain
Alfonso Conde has been appointed COO of Cemex in Aragon, Spain. His new responsibilities will include managing quarrying operations, the integrated cement works of Morata de Jalon, as well as the company’s Aragon mortar and concrete plants. Mr Conde hails from Madrid and has a degree in Chemical Engineering from the Alfonso X El Sabio University and an MBA in Management of People for the ID...