Cement News tagged: Corporate
Huaxin Cement seeks funding for US$140m project
Huaxin Cement Co Ltd is seeking the assistance of international banks to close funding on its US$140m plant in Nepal, after it secured a US$30m loan from the Export-Import Bank of China (EIBC), according to Inside International Industrials. Nanjing Golden Cement Technology Engineering Co has been confirmed as the project design firm. The design of the 3500tpd facility is expected to be compl...
Emami Cement improves power supply
Emami Cement Ltd at Kalinga Nagar Industrial Area in the Indian state of Odisha has improved its power supply following its connection to the inter-state 400/220kV New Duburi grid of Odisha Power Transmission Corp Ltd. Emami was permitted to receive 15MVA power in 132kV from the power transmission company. However, taking its future expansion into account, the cement producer applied for 1...
Illinois Cement Co one step closer to new limestone quarry
La Salle City Council, Illinois, USA, will consider petitions by Illinois Cement Co for rezoning and special use permits to mine limestone on 12 parcels in Dimmick Township following a recommendation by La Salle Planning Commission. The cement producer wants to close its quarry and begin mining new land in the one-square section, moving west for 10-20 years and then north for another 20 yea...
Dalmia produces new modified cement in Tamil Nadu
India-based Dalmia Bharat Cement has developed a new, chemically-modified cement for infrastructure projects. “We have come out with engineered cement, chemically modified and targeted at high performance infra projects that would require only three days of curing instead of three-four weeks,” Dalmia Cement’s Executive Director, Sujit Ghosh, said. “We have already filed for patent for thi...
Kalambaina Cement to merge with CCNN
BUA Group’s Kalambaina Cement Co has announced it received shareholder approval for a merger with the Cement Company of Northern Nigeria (CCNN). Abdul Samad Rabiu, chairman of the company, has stated that the deal would involve a high technical and complex infusion of the two companies. "This deal signposts shareholder confidence in the value proposition of the CCNN-Kalambaina merger and we a...
Fauji Cement of Pakistan to build new cement plant
At the 10th Extraordinary General Meeting of Fauji Cement Co (FCCL)'s Board of Directors, held on 29 November, the company secretary was authorised and empowered for the execution of a new cement plant in Pakistan. FCCL also elected executive, non-executive and independent directors for a term of three years commencing from 13 December 2018 to 12 December 2021. First-quarter FY18-19 resu...
LafargeHolcim's Capital Markets Day 2018
LafargeHolcim presented a full overview of its 'Strategy 2022 – Building for Growth' programme at its Capital Markets Day held at the Belfry Hotel and Resort, Birmingham, UK, yesterday. Jan Jenisch, LafargeHolcim CEO, said, "Our performance in 2018 shows that execution of 'Strategy 2022 – Building for Growth' is at full speed. We have simplified the organisation and are ahead of target with o...
NCN’s Malbaza plant to start production in December
After addressing some challenges, Nouvelle Cimenterie de Niger is expected to start operations at its Malbaza cement plant in Niger’s Tahoua region in December, according to the company’s officials. The 2000tpd integrated cement works is forecast to cover 80 per cent of Niger’s cement demand, allowing the country to significantly reduce cement imports. The facility provides employment for 34...
Cemex begins share repurchase programme
Cemex has begun its share repurchase programme, approved at its ordinary shareholders’ meeting for up to US$500m. "We are pleased to initiate our share buyback programme, which is one of the capital allocation options we have to create value for our shareholders," said Fernando A González, CEO. The company repurchased 7m CPOs on 27 November. The total amount of the repurchase, including ...
Former vice president of Cemex Colombia to appear before authorities in US
The former vice president of planning for Cemex Colombia, Édgar Ramírez, is due to appear before the FBI and a senior official of the Colombian Prosecutor's office in the USA, in relation to alleged acts of corruption by some members of the company’s leadership, according to El Tiempo. Cemex Colombia had previously released a statement noting that it had "voluntarily published the delinking ...
Cementarnica Usje reports 10% fall in net profit
Macedonia’s Cementarnica Usje has reported a 10 per cent YoY fall in its consolidated net profit to MKD777.7m (US$14.3m) for the 9M18, while operating revenue dropped three per cent to MKD3.35bn. The decline in operating revenue has been attributed to lower revenue from foreign markets in the first nine months of the year, which decreased six per cent to MKD1.1bn. Domestic sales revenue rema...
Nesher dismisses one-third of Haifa workforce
Nesher Israel Cement Enterprises laid of 20 workers at its Haifa cement plant – around a third of the site’s workforce, due to a decline in output. Israel’s largest cement producers is reportedly undergoing further downsizing with further steps expected at its Ramla works. The dismissals come in the wake of the entry of cheap cement from Turkey and Greece, which has seen Hartuv Cement come...
DG Khan Cement of Pakistan plans WHR plants in Punjab
A new waste heat recovery (WHR) plant is being planned by DG Khan Cement to reduce water consumption at its 2.11Mta Chakwal plant in Punjab, according to a report of Intermarket Securities Ltd. T he new plant would include improved technology that requires only marginal water consumption. This would avoid the technical and financial challenges of sourcing water, said the company's manag...
Ramco Cements to spend INR8.5bn on plant expansion
India’s Ramco Cements is investing INR8.5bn (US$120m) to increase capacity at its facility in Jayanthipuram, Andhra Pradesh, by 1.5Mta and construct a 27MW WHR system. The project is part of an overall expansion plan for the company. "Currently, we have cement grinding capacity of 16.5Mta, which we plan to take to 20Mta by March 2020," said A V Dharmakrishnan, CEO of Ramco Cements. The plan ...
Solid Cement borrows US$75m from related company
Solid Cement, an operating subsidiary of Cemex Holdings Philippines, is borrowing US$75m of subordinated revolving credit from Cemex Asia. The money will be used to refinance existing debt, alongside funding the construction and installation of the new 1.5Mta line at the company’s Antipolo facility. Solid Cement has made an initial drawdown on this facility equivalent to approximately US$40....
Fire put out at Martinsburg plant
Cementos Argos' Martinsburg cement plant in the USA called fire units after 15.51h yesterday after what was thought to have been an explosion on the site. The 167th National Guard along with fire engines from Martinsburg, South Berkley, Bedington, Baker Heights Washington County, and Black Creek Valley fought fires for more than two hours. The fire was under control by 18.44h, but officials d...