Cement Industry News tagged under: Corporate

28 June 2017

Moody's upgrades Eagle to Investment Grade

Moody's Investors Service upgraded the senior unsecured debt ratings of US-based Eagle Materials Inc to Baa3 from Ba1. The rating outlook is stable. The upgrade reflects Moody's view that Eagle Materials has the willingness and ability to defend its investment grade rating in a downt...

28 June 2017

Holcim New Zealand posts full-year loss

Holcim New Zealand, reported a loss of NZD12.3m (US$8.9m) for 2016 from a profit of NZD80m in the previous year, as it transitioned from ceasing cement production from its Westport facility to becoming an importer, ...

28 June 2017

Ube Industries increases stake in Tokyo Cement

Japan-based Ube Industries' Singapore subsidiary Ube Singapore Holdings has acquired a further 10.62m shares in Sri Lanka-based Tokyo Cement Company Lanka Plc, for LKR764.6m (US$5m), a stock exchange filling said. ...

27 June 2017

Martin Marietta Materials to acquire Bluegrass

Martin Marietta Materials Inc and Bluegrass Materials Company announced that they have entered into a definitive agreement under which Martin Marietta will acquire aggregates company Bluegrass for US$1.625bn in cash....

LafargeHolcim appoints new Group Head of R&D 27 June 2017

LafargeHolcim appoints new Group Head of R&D

LafargeHolcim announces the appointment of Heike Faulhammer (50) as Group Head of Research & Development, effective July 1, 2017. Heike Faulhammer joins LafargeHolcim from Arkema, one of France’s leading chemicals...

28 June 2017

Daehan acquired by South Korea's leading producer

Ssangyong Cement Industrial Co of South Korea has purchased Daehan Cement Co, the country’s largest blastfurnace slag cement producer at KRW265bn (US$232.8m). The acquisition will enable Ssangyong Cement to secure it...

26 June 2017

Fauji Cement's damaged line will be operational in 1QFY18

According to market sources, Fauji Cement's (FCCL) damaged 7500tpd Line II is expected to be operational in 1QFY18. Similarly, construction of FCCL's 7.68MW waste heat recovery power plant is under way and likely to...

26 June 2017

Lebanon: Chekka inaugurates new bag filter

Cimenterie Nationale has inaugurated the new bag filter at its Chekka plant. The new filter will reduce SOx and NOx emissions to 15mg/m3, well below the international norm of 50mg/m3. At the ceremony, which was at...

26 June 2017

Cementos Molins President passes away

President of Cementos Molins, Casimiro Molins Ribot, passed away aged 97 on 25 June in Barcelona, Spain. He had been member of the company board of Sant Vicenç dels Horts for 71 years. In 1945 Mr Molins Ribot was ...

22 June 2017

Taiwan plans to lower cement cap on exports

The government of Taiwan plans to lower the cap on Taiwan's cement exports from over 20 per cent of total output to 15 per cent to help protect the environment, Vice Minister of Economic Affairs Yang Wei-fuu  has sai...

22 June 2017

S&P puts Cemex ratings on Watch Positive

S&P Global Ratings has placed its 'BB-' global scale and 'mxA-/mxA-2' national scale ratings on Cemex on CreditWatch with positive implications. The recovery rating on all Cemex's rated senior debt remains at '3', wh...

20 June 2017

Yamama agrees raising credit facility limit

Yamama Cement announced that it has agreed with the National Commercial Bank (NCB) and Samba Financial Group to raise its sharia-compliant credit facility limit from SAR1bn to SAR3.6bn (US$266.6m to US$960m). The m...

20 June 2017

Trinetra minority shareholders challenge merger plan

Minority shareholders of Trinetra Cements, a subsidiary of India Cements, have approached India's National Company Law Appellate Tribunal (NCLAT), to challenge the planned merger of the two companies, Business Standa...

19 June 2017

Buzzi Unicem strengthens position in Italy

Buzzi Unicem is expanding its position in northen Italy with the acquisition of Cementizillo SpA. A total of 47.9 per cent of Cementizillo’s share capital has just been acquired and the remaining 52.1 per cent will b...

19 June 2017

CTLGroup appoints new CFO

CTLGroup has announced the appointment of David Mizwicki as Vice President and Chief Financial Officer. Mr Mizwicki will assume the responsibility for financial management, business performance and leadership of fina...

19 June 2017

Vulcan raises US$700m in public offering of senior unsecured notes

Vulcan Materials Company has raised US$700m in a public offering of senior unsecured 4.50 per cent notes due 2047. The notes bear an interest rate of 4.5 per cent per annum, payable semi-annually on 15 June  and 1...