Cement News tagged: Corporate
Cementos Melón to invest in new capacity
Chile-based Cementos Melón has announced that it will open a new cement facility in Punta Arenas in the first half of 2020. The first stage of construction will see an investment of US$30m, with an expected capacity of 0.5Mta. "To date, Cementos Melon has customers to whom it supplies bagged cement, distributed by sea from its other plants in the country. Here in the area [Magellanes] we ha...
Eurocement to begin producing white cement
Russia's Eurocement Group has announced plans to launch white cement production at its Zhigulyovsk Building Materials plant in Samara Region. "Today, the demand for white cements in Russia is largely satisfied with shipments from abroad. The launch of production at our enterprise is an important step in import substitution. The plant in the Samara region will produce about 300,000tpa of whi...
City Cement agrees settlement with Sinoma International
City Cement of Saudi Arabia has made a settlement with Sinoma International for payment of its second production line. The original contract was signed in June 2012 for a total of SAR970.63m (US$258.8m), but City Cement imposed a delay of eight per cent interest on the contract's final total of SAR43m. City Cement's second production line in Riyadh has a cement capacity of 1.9Mta. The final s...
East Africa Portland Cement appoint new Chairman and Director
The East African Portland Cement Company (EAPCC) (LafargeHolcim group) has appointed Edwin Kinyua as its new Chairman and Director. Mr Kinyua replaces William Lay who had served as the Non-Executive Chairman since November 2014. Mr Kinyua was made chairman and director on 20 September 2018, but his appointment was only announced through local media this week. He previously worked as the Manag...
Ramco Cements to build a 3.15Mta plant in Andhra Pradesh
India’s Ramco Cements has laid the foundation stone for a new 3.15Mta greenfield cement plant at Kalavatala, Kolimigundla Mandal, Andhra Pradesh. The environmental clearance has been received for the INR15bn (US$209.3m) project and the required mining lease is in place. Alongside the facility, the project will see the construction of a waste heat recovery system, thermal power plant and a 25...
MI Cement sees 33% revenue rise in FY17-18
Bangladesh's MI Cement Factory reported a 33 per cent rise in revenue in FY17-18, compared to the previous financial year, supported by new capacity and market expansion. The company's total revenue reached BDT12.56bn (US$150m) in FY17-18, up from BDT9.44bn in the previous financial year. However, MI Cement's net profit fell by more than 52 per cent YoY to BDT315.6m on the back of rising a...
Domicem celebrates sustainable growth in 2018
Domicem highlighted its sustainable growth in 2018 as the company’s Managing Director, Adriano Brunetti looked back on the year during the company’s Christmas dinner. "I would like to remind you that in this year we have achieved important goals such as the construction of a photovoltaic energy park, whose work started at the end of 2017 and which we recently inaugurated," Mr Brunetti said. ...
No reprieve for National Cement Company
Hisham Tawfik, Egypt's Minister of Public Business Sector, confirmed that the state-run National Cement Company (NCC) of Egypt will be shut down. NCC had closed after the public business sector ministry confirmed the difficulty of reforming the company's financial condition as it required investments of EGP1.5bn (US$873.5m). The cement producer's workers have been compensated with 180 per ce...
Binani Cement changes name following acquisition
Binani Cement has announced that it will be changing its name to UltraTech Nathdwara Cement Ltd, following the company’s acquisition by UltraTech on 20 November. UltraTech Cement’s capacity in the northern region will be enhanced to 24Mta, with the producer expected to become one of the strongest in the market.
Ambuja Cement announces greenfield investment and CEO resignation
The Board of Directors of Ambuja Cements Ltd (LafargeHolcim group) has approved an initial investment of INR3,900m (US$54.1m) for the first phase of the 1.7Mta greenfield clinker line project at Marwar Mundwa in the State of Rajasthan, India. The Board of Directors of the company has also approved an additional clinker capacity of 1.4Mta (taking the total clinker capacity to 3.1Mta), additi...
APO Cement resumes operation of kiln lines
APO Cement (Cemex) has resumed operation of its two kilns at its cement plant in the Philippines, two weeks after they were closed due to the unavailability of raw materials. The manufacturer will therefore reinstate the employees who were temporarily suspended, according to BusinessWorld. In addition, the company will no longer close its terminal in Davao City.
Holcim Philippines contracts Huaxin for US$245m project
China’s Huaxin Cement has announced that it has been contracted to build and renovate cement production lines and supporting facilities for Holcim Philippines. The US$245m engineering, procurement and construction contract is expected to be fulfilled over a two-year period. It will see Huaxin build a 6000tpd production line, renovate an existing 3000tpd line and erect a 7MW waste heat power g...
Fauji Cement Company appoints directors
Fauji Cement Company Ltd (FCCL) has informed Pakistan Stock Exchange (PSX) that it has appointed a new Chairman, Chief Executive Officer/Managing Director and Directors during 10th Extra Ordinary General Meeting on 29th November 2018. The new board now consists of the following directors with effect from 13 December 2018. Lt Gen Syed Tariq Nadeem Gilani, HI(M), (Retd) Chairman Lt Gen Muh...
ACC announces INR30bn expansion plans
The board of India's ACC has approved a proposal for setting up an integrated greenfield project at Ametha, Madhya Pradesh, with a clinker capacity of 3Mta and cement of 1Mta. The plans also include the "expansion of the existing grinding unit in Tikaria, Uttar Pradesh and a third grinding unit also in Uttar Pradesh," said the company in a press release. The board has also approved a further...
Caribbean Cement secures loan to pay US$ debt
Jamaica's Caribbean Cement Co Ltd and its mining subsidiary have secured a five-year JMD3bn (US$23.53m) loan from National Commercial Bank Jamaica to pay back a US dollar debt. The amount will be repaid in Jamaican dollars at a rate of 7.45 per cent per annum. The company also has stated that some of the funds will be used for general corporate purposes, according to The Gleaner. Its mining ...
Fives FCB opens sales office in USA
Fives strengthens its global presence as it opens a new Cement and Minerals sales office in the USA. Through this new office, the company will improve the ways in which it addresses the requirements of the US market, and promote FCB technologies and services for the cement and minerals industries in terms of equipment, systems, revamping and complete line projects.