Cement News tagged: Corporate

Cemenco rewards distributors at awards night

28 June 2019, Published under Cement News

Cemenco has rewarded its distributors in Liberia at an awards ceremony held in Freeport, Monrovia. The ceremony included awards for 20 distributors for their performance in 2018, with silver, gold and platinum categories. Cemencon is currently supporting President George Manneh Weah's Pro-Poor Agenda for Development and Prosperity in Liberia project. The company operates a 0.45Mta grinding ...

Sephaku Cement set to increase prices this month

27 June 2019, Published under Cement News

South Africa’s Sephaku Cement (Dangote Cement) is expected to pay between ZAR35m-40m (US$2.4-2.8m) each year following the introduction of a new carbon tax on 1 June. "The associate will apply the tax on its products based on the proportion of clinker per ton, which translates to between 1.5 per cent and 2.5 per cent price increases on lower-strength and high-strength cement, respectively," ...

PPC announces new CEO and delays annual results presentation

27 June 2019, Published under Cement News

South Africa’s PPC has appointed Roland van Wijnen as its new CEO after a search that began in November 2018 when Johan Claassen announced he would be retiring from the role. "We are pleased to have secured Roland, a Dutch national, whose listed company experience and exposure to international global best practice will broaden the management practices of PPC. He has a detailed knowledge of t...

Kaeser Kompressoren celebrates 100 years

27 June 2019, Published under Cement News

Kaeser Kompressoren celebrates its centenary this year. Established in 1919 as a machine workshop in Coburg by Carl Kaeser Sr, the company has developed into a compressor manufacturer and provider of compressed air system solutions with a global presence in over 100 countries. Key milestones include the inclusion of reciprocating compressors to its product range in 1948, followed by the deve...

PPC to consider buying remaining stake in Cimerwa

PPC to consider buying remaining stake in Cimerwa

27 June 2019, Published under Cement News

Cimerwa's main shareholder, Pretoria Portland Cement Co (PPC), is considering buying the shares in Cimerwa that are currently held by the Rwandan government and minority shareholders. The government has set a deadline of 5 July for investors to bid for its stake in Cimerwa.

 The Rwandan government hold a 16.54 per cent share in the cement producer and PPC owns 51 per cent of the company, whi...

Cemex increases cement exports from its Mexican plants

26 June 2019, Published under Cement News

In 2018 Cemex advanced its share of cement exports from its Mexican plants to six per cent. In terms of destination of these shipments, around 63 per cent of Cemex’s total cement exports from Mexico were delivered to the USA, a further one per cent to Costa Rica and the balance to the rest of the Latin American region, including the Caribbean. The company sold 10.2Mt of cement and clinker ...

Power Cement to become second-largest producer in southern Pakistan

Power Cement to become second-largest producer in southern Pakistan

27 June 2019, Published under Cement News

Power Cement Ltd has informed the Pakistan Stock Exchange (PSX) that it has completed the procurement and installation of plant and equipment of the two expansion projects at its plant site in Nooriabad Industrial Area, Kalo Kohar District, Jamshoroo, Sindh province, Pakistan. It includes a 7700tpd 'clinker production plant' and 8500tpd 'cement production and dispatch plant', says a letter s...

Najran Cement resumes production at 6500tpd line

25 June 2019, Published under Cement News

Saudi Arabia’s Najran Cement has temporarily suspended operations of its second production line. However, it will resume production at its 6500tpd third line from 1 July due to a decrease in its clinker inventory, according to Reuters. The change in production lines is also expected to increase operational efficiency and decrease fixed costs in the FY19 by SAR5.7m (US$1.52m).

LafargeHolcim Côte d'Ivoire starts e-commerce orders

25 June 2019, Published under Cement News

LafargeHolcim Côte d'Ivoire and e-commerce site Jumia have come together to offer the Ciment Bélier brand of cement online from Friday, 21 June 2019. "This online store is intended exclusively for individuals and small entrepreneurs who wish to have a better quality and cost control of their construction work," said Xavier Saint Martin Tillet, LafargeHolcim Côte d'Ivoire CEO. "This partners...

CRH announces Board change

25 June 2019, Published under Cement News

CRH has announced that announces that Non-Executive Director Bill Teuber intends resign from the CRH Board with immediate effect for personal reasons. Commenting on the news, CRH Chairman, Nicky Hartery said, "On behalf of the Board I would like to thank Bill for his commitment to CRH, and in particular for his service as Chairman of the Audit Committee. We wish him every success in the futu...

Padeswood to host open day to celebrate 70th birthday

25 June 2019, Published under Cement News

Padeswood is celebrating its 70-year history wth an open day for members of the public on Saturday, 29 June 2019. The Hanson UK (HeidelbergCement Group) factory near Mold, Wales, will be raising funds for The Wales Air Ambulance and Action for Children, North Wales. The plant is currently undergoing a GBP24m modernisation programme to enhance cement capacity, including three new cement silos ...

Xuan Khiem Group seeks approval for new 2.3Mta plant

24 June 2019, Published under Cement News

Vietnam’s Xuan Khiem Group is seeking approval from the prime minister to build a new 2.3Mta facility in Hoa Binh province at an investment of VND4.99trn (US$214.16m), according to Vietnam News. The Xuan Son project is scheduled to complete in 2020, with the plant expected to cover 38ha of land in Yen Thuy district. At the end of last year, the company signed a Memorandum of Understanding wit...

International Cement fails to receive SGX acquisition approval

27 June 2019, Published under Cement News

International Cement Group (ICG) has failed to receive approval from the Singapore Exchange (SGX) for the complete acquisition of Schwenk Namibia , valued at US$104.4m, according to Business Standard. The exchange has stated that the acquisition does not satisfy a requirement for the target business to be profitable. SGX also noted that ICG does not have sufficient cash resources to fund th...

Lafarge Africa narrows loss to NGN8.8bn in 2018

24 June 2019, Published under Cement News

Lafarge Africa reported a NGN8.8bn (US$24.4m) loss in 2018, compared with NGN34.39bn in the previous year. The company’s audited results have been released, showing revenue of NGN308bn, up from NGN299bn in 2017. Finance costs increased to NGN45.973bn from NGN43.217bn, while loss before tax reached at NGN19.508bn. A tax credit of NGN10.707bn reduced the loss after tax to NGN8.802bn. Lafarge ...

Livetouch International seeks production increase

21 June 2019, Published under Cement News

Zimbabwean cement producer Livetouch International, part of Diamond Cement, plans to increase its cement capacity utilisation rate from the current 45 per cent. The Redcliff-based company has a 0.5Mta plant but has been operating at low capacity rates due to a shortage of raw materials, according to The Herald. The company’s CEO, Don Wang, said the company had been relying on competitors s...

VICEM reports 5% rise in 1H sales

20 June 2019, Published under Cement News

State-owned Vietnam Cement Industry Corp (VICEM), the country’s leading cement producer, is estimated to have sold 14.98Mt of cement and clinker in the first half of 2019, representing a five per cent YoY increase. The total includes 13.1Mt of cement, up 11.4 per cent YoY, and 1.87Mt of clinker, a 25 per cent YoY drop. In the 1H19 VICEM’s pretax profit is estimated to have surged 62.3 per ...