Cement News tagged: Corporate
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...
India: Amul Cement to build mini cement plant
Amul Cement is constructing a vertical shaft kiln in Patapar village, Junagadh, Gujarat, India. The mini plant will cost INR30m (US$484,587) and will have a capacity of 37,500tpa of cement and concrete products. Machinery will be procured locally. The project is waiting for environmental clearance. Civil work is nearing completion and the project is scheduled for completion in 2Q15.
Tanzania: Twiga Cement forms MOU with Boko prison
A Memorandum of Understanding (MoU) has been signed between Tanzania Portland Cement Company Ltd (Twiga Cement) and Tanzania Prison for the production of limestone at Boko Prison on the outskirts of the Dar es Salaam. Mbaraka Abdulwakil, the permanent secretary in the Ministry of Home Affairs, said the production of limestone from Boko prison mines will commence during the 1Q15 following the ...
Egypt: Arabian Cement Co’s consolidated 9M14 revenues up 17%
Arabian Cement Company has reported its consolidated results for the first nine months of 2014. Revenues in the period rose 17 per cent to EGP1788.5m (US$250m) as compared to EGP1532.1m in 9M13, on the back of the early signs of economic and security improvements in Egypt. Net profit dropped 35 per cent YoY to EGP200.4m, while net profit margin was down nine percentage points to 11 per cent ...
Nigeria: Lafarge develops 6th cement research centre
Nigeria will soon be joining France, China, Brazil, India and Algeria as host to Lafarge’s development laboratory, which is targeted at developing new solutions and business opportunities to consumers, disclosed Gilles Rochard, Lafarge's prospective research and development (R&D) director, during a media tour of the group’s facilities in Lyon, France. “There will be one in Nigeria,” Rochard s...
Baturaja to part-finance new plant with bank loan
Indonesia’s state-controlled cement producer PT Semen Baturaja plans to get IDR700-800bn (US$57.7-65.9m) in bank loans to finance its new IDR2.9tn plant in South Sumatra. The company intends to start construction of the 1.85Mta plant early next year with commissioning scheduled for 2018. In 9M14, Semen Baturaja posted sales of 853,089t and the company forecasts volumes of 1.31Mt for the ye...
PPC full-year cement sales rise 2%
South Africa's largest cement producer, PPC, reported a two per cent rise in cement sales for the full year to the end of September 2014, as growth in some of its sub-Saharan markets was offset by challenging operating conditions at home. Group revenue increased by nine per cent to ZAR9.04bn (US$818m), mainly attributable to the consolidation of Safika Cement and Pronto Readymix as well...
Holcim expects to select buyers for assets by end-Jan
Holcim said it expects to have found buyers for the cement plants and other operations linked to its tie-up with Lafarge by the end of January, and that the merger is on course to be completed by the middle of next year as planned. "We expect the final bids somewhere in January 2015," Bernard Fontana, chief executive of Holcim said at the company's investor day on Tuesday, adding that Holci...
Lafarge Malaysia's 3Q14 pretax down 54.2%
Lafarge Malaysia reported a 54.2 per cent drop in third-quarter pretax profit on lower revenue and higher operating cost arising from the increase in electricity and fuel prices. Pretax profit for the three months to the end of September 2014 plunged to MYR73.9m (US$21.98m) from MYR161.41m a year earlier, the country's largest producer said in a statement released yesterday. Revenues ove...
PCA appoints Toscas president and CEO
The Portland Cement Association (PCA) has named James G Toscas president and chief executive officer, effective 15 December 2014. For the past 11 years, Toscas served as president and CEO of the Precast/Prestressed Concrete Institute, and from 1998 to 2002, he was executive vice president and CEO at the American Concrete Institute (ACI). As a founder of the Concrete and Masonry-Related Associ...
Tangshan Jidong Cement Co to issue CNY1bn bills
Tangshan Jidong Cement Co, Ltd has announced that it will issue CNY1bn (US$16.3m) unsecured short-term bills with a maturity of 365 days on the interbank market on 21 November 2014. The company said in a statement that the bills will be issued at the face value, and the coupon rate determined in the process of bookbuilding. Both value date and payment due date is set on 24 November and the t...