Cement News tagged: Corporate

JK Lakshmi Cement seeks government approval to resume its Indian production

17 April 2020, Published under Cement News

JK Lakshmi Cement has informed Indian Stock Exchanges on 16 April that the company is seeking necessary approvals from the relevant state government authorities to resume operations at its various plant locations. The company is also closely monitoring the situation and will take requisite steps in accordance with the directions issued by central and state government, from time to time.   The ...

Siam City to wind down production at Saraburi

17 April 2020, Published under Cement News

Thailand’s Siam City Cement will begin to close its Saraburi plant from 1 May as cement demand falls due to the COVID-19 pandemic, according to The Nation: Thailand. The company has reportedly seen a reduced amount of orders and therefore will wind down production and labour at Factory 1 from 1 May. However, it is expected to move employees to other plants or allow them to leave by mutual co...

LafargeHolcim to propose new board members at AGM

17 April 2020, Published under Cement News

LafargeHolcim is expected to request shareholder approval for two new board members at its annual general meeting on 12 May 2020. Dr Philippe Block and Kim Fausing would add experience from academia and the building industry, according to a press release. Dr Block has served on the Academic Committee of the LafargeHolcim Foundation for Sustainable Construction since 2014. Mr Fausing is the p...

Five Pakistan cement producers to release 3Q results amid coronavirus pandemic

17 April 2020, Published under Cement News

Pakistan's leading cement companies are scheduled to announce on 23 April their financial results for the 3QFY19-20 ended 30 March 2020.   Analysts anticipate mixed results, carrying some negative reflection of mitigation efforts to stop the spread of the coronavirus in the country. During this accounting period, the pandemic started to spread and the government enforced lockdown to control i...

Top management changes at Fauji Cement in Pakistan

Top management changes at Fauji Cement in Pakistan

17 April 2020, Published under Cement News

Fauji Cement Company Ltd (FCCL) has made top important changes in management, earlier this week, according to formal bourse filling to the Pakistan Stock Exchange (PSX).   Waqar Ahmed Malik has been appointed as director and chairman of FCCL with effect from 9 April 2020, in place of Lt Gen Syed Tariq Nadeem Gilani, (Retd).   It addition, with effect from 9 April 2020, the company board will ...

Lafarge Africa PLC returns to profit in 2019

16 April 2020, Published under Cement News

Lafarge Africa PLC has reported revenues of NGN213bn (US$551.5m) for the year ended 31 December 2019 as against NGN218bn in 2018. Operating expenses fell from NGN29.89m to NGN23.42m. Financing costs also declined from NGN41.6bn to NGN20.2bn. The company ended 2019 with a profit after tax of NGN15.5bn compared with a loss of NGN8.1m in 2018. Lafarge Africa also reduced its debt from NGN208bn...

Cementos Argos reopening Colombian plants

Cementos Argos reopening Colombian plants

16 April 2020, Published under Cement News

Cementos Argos announced it will be partially reopening its operations in Colombia to supply the public works that were given the go-ahead by Decree 531 of April 2020. The Rioclaro works in Antioquia as well as a limited number of concrete plants will open, in line with health and safety guidance defined by the authorities, according to Valora Analitik. "The company is ready to scale up its ...

Gujarat Sidhee Cement resumes cement production

16 April 2020, Published under Cement News

India’s Gujarat Sidhee Cement started up the production of cement again yesterday, in compliance with permission received from the government. The company will comply with directives being issued by the central and state government, as well as local administration, for the safety and wellbeing of its workers. However, the overall impact of the coronavirus upon the company's operations is di...

Lehigh Cement releases 54 employees at Glen Falls plant

16 April 2020, Published under Cement News

Lehigh Cement has laid off 54 of its 90 employees at its Glen Falls plant, New York state, USA, in the wake of a construction slowdown attributed to the spread of COVID-19. The company plans to discontinue most of its cement production at its Glens Falls plant, as well as operations at its quarry in Moreau, said David Dreyer, the plant manager. "The layoffs are expected to be temporary and w...

Steppe Cement 1Q20 cement sales fall by 11%

16 April 2020, Published under Cement News

In the 1Q20 Steppe Cement Ltd sold 235,896t of cement for KZT4003m (US$9.4m) compared to 266,393t in the 1Q19, a decline of 11 per cent. Kazakhstan's cement market increased in 1Q20 by 15 per cent over the corresponding period of the previous year. The company maintained pricing over volumes in the 1Q20 but saw its market share decrease to 13.3 per cent from 17.4 per cent in the 1Q19. The...

Eagle Materials appoints new board member

16 April 2020, Published under Cement News

USA-based Eagle Materials has appointed Mary Ricciardello to its board of directors. Ms Ricciardello’s previous experience includes seven years on the board of US Concrete. “We are extremely pleased to have Mary join our board. Mary is a proven leader and will be a great complement to the strong leaders on our board today. The addition of Mary to the board is also timely in that it provides...

Titan publishes its 2019 annual report

15 April 2020, Published under Cement News

Titan has published its 2019 annual report outlining the group's financial, environmental and social performance. While Titan delivered another solid financial performance and made good progress on its 2020 environmental and social targets, responding to climate change and the digital revolution, the coronavirus broke out during the writing of the report. TITAN has mobilised to take measu...

Akhangarancement completes kiln housing installation

15 April 2020, Published under Cement News

Eurocement has completed the installation of the rotary kiln housing at its 3Mta Akhangarancement project in Uzbekistan, according to a press release. Internal and external welding work was carried out on parts of the kiln body, bandages and support rollers, while the main and auxiliary drives were also installed. The rotary kiln is equipped with high-tech sensors, scanners, gas analysers a...

Eagle Materials supplies business update amid COVID-19 uncertainty

15 April 2020, Published under Cement News

US-based Eagle Materials has announced that it intends to continue operations as an essential business and deliver products to its customers, since its primary manufacturing facilities span across the country’s heartland in areas where construction has generally been deemed essential by government authorities. Although market conditions for the company’s construction materials have reportedl...

Schwenk Zement acquires 100% shares of Celitement GmbH

15 April 2020, Published under Cement News

Schwenk Zement KG has taken over all shares of the previous fellow shareholders (including the Karlsruhe Institute of Technology) in Celitement GmbH and this has been backdated to 1 January 2020. From having been a Schwenk-affiliated company, Celitement GmbH became a full subsidiary of the well-established building materials group from Ulm.

 Celitement GmbH was founded in February 2009 and...

Pakistan's goverment to recover foreign loan funds from Galadari Cement

14 April 2020, Published under Cement News

Pakistan's government on 8 April decided to recover a foreign funding loan from a local cement plant that has been under construction for a long time in Balochistan province. According to a government statement, Adviser to the Prime Minister on Finance and Revenue, Dr Abdul Hafeez Shaikh, on the summary moved by the Economic Affairs Division (EAD) for the recovery of foreign currency loans f...