Cement Industry News tagged under: Corporate

08 June 2017

New manager of Beumer's cement business sector

Michael Brachthäuser has been appointed manager of the Beumer Group's cement business sector. A native of Cologne, Mr Brachthäuser (61) was appointed to the role in October 2016. He has previously worked as sales manager for a plant engineering company for the cement and ore industry...

07 June 2017

HeidelbergCement issues a Eurobond

HeidelbergCement priced a Eurobond issue under its EUR10bn Euro medium-term note (EMTN) programme with an issuance volume of EUR500m and a maturity date of 14 June 2027. The proceeds of the transaction will be used f...

08 June 2017

S&P upgrades GCC rating

S&P Global Ratings has raised its long-term corporate rating on Grupo Cementos de Chihuahua to 'BB' from 'BB-'. The outlook is stable.   At the same time, S&P raised the issue-level rating on the $260m senior secur...

05 June 2017

Building collapses at Holcim Obourg

A collapse of a building near one of the kilns of Holcim’s 1.4Mta Obourg plant in Belgium on 23 May has resulted in the death of one worker and the closure of the plant as an investigation takes place into the causes...

PT Semen Padang puts Indarung VI output at 2Mt 05 June 2017

PT Semen Padang puts Indarung VI output at 2Mt

PT Semen Padang expects the output of its Indarung VI line to reach 2Mt this year as the 3Mta plant produced 0.5Mt of cement at the end of May, four months after its commissioning. Semen Padang saw domestic sales ...

05 June 2017

Financier acquires 11% stake in Ecocem

Financier Dermot Desmond is reported to have acquired a stake in Ecocem Materials, the low-carbon cement producer founded by Irishman Donal O’Riain and backed by Saint-Gobain. Ecocem holds a 70 per cent stake in a EU...

Paraguay: INC to increase distribution points 05 June 2017

Paraguay: INC to increase distribution points

Paraguay’s Industria Nacional del Cemento (INC) expects to increase its number of distributors following the rise in producttion in the second half of this year, according to its Managing Director, Jorge Méndez. Co...

08 June 2017

Pacific Cement expected to be shutdown until July

Pacific Cement Ltd (PCL) announced that it is unable to meet the domestic cement demand in Fiji, due to the age of its factory which is contantly out of action. Sowani Tuidrola, PCL's chief executive, says they sto...

05 June 2017

India: Ramco appoints PR Venketrama Raja as new CMD

Ramco Cements has announced the appointment of P R Vektrama Raja as its new Chairman and Managing Director. The appointment is for a five-year term, starting 4 June 2017, said Ramco in a Bombay Stock Exchange fili...

02 June 2017

Major shareholder offers to sell stake in China Shanshui Cement

China Shanshui Cement Group Ltd said on Thursday that a major shareholder had offered to divest its 25 per cent stake in the company for around US$600m. China Shanshui Investment (CSI) has invited three other big sha...

01 June 2017

Orient Cement to acquire two Jaypee units

Orient Cement has reached an agreement to buy two cement units from Jaypee in the central and eastern regions of India. Orient will buy a 74 per stake in Bhilai which is a joint venture between Jaiprakash Associat...

01 June 2017

Lafarge reports higher sales from Czech operations

Lafarge Cement's sales increased by nearly two per cent YoY to CZK992m (EUR37.6m) in 2016. The company expects a moderate growth or stagnation of the Czech market for this year, according to company spokeswoman Milen...

02 June 2017

Shanshui Cement shareholder plans to sell shares

Shanshui Cement announced that it received a letter from China Shanshui Investment Co Ltd, which holds a 25.09 per cent of shares, stating that it has invited Asia Cement, CNBM and Tianrui (International) to make an ...

01 June 2017

Cemex Dominicana appoints Alejandro Ramírez as new local president

Alejandro Ramírez Cantú has been appointed has Cemex Dominicana’s new president for the company’s operations in the Caribbean country. He will also supervise operations in Haiti and the Bahamas.

31 May 2017

Cementos Bío Bío sees 42% drop in 1Q profits

Chilean cement producer Cementos Bío Bío reported a 41.6 per cent reduction in first-quarter revenues to CLP67.93m (US$100,704) from CLP76.84m in 1Q16, according its report to the Superintendency of Securities and In...

31 May 2017

Vulcan Materials to acquire Aggregates USA

Vulcan Materials Co has reached a definitive agreement with SPO Partners to acquire its aggregates business, Aggregates USA LLC for US$900m in cash. Aggregates USA LLC operates 31 facilities serving high growth marke...