Cement News tagged: Corporate

Sharjah Cement elects new chairman

14 October 2019, Published under Cement News

UAE-based Sharjah Cement has elected Othman Mohammed Sharif Abdullah as its new chairman and board member, according to a bourse statement on Sunday. The election was made during the company’s board meeting on Saturday, 12 October 2019.

Premier Cement Mills Ltd has new CEO

14 October 2019, Published under Cement News

Tarique Kamal has recently joined Premier Cement Mills Ltd of Bangadesh as chief operating officer (COO) effective from 1 October 2019. He was previously head of sales and distribution at Arla Foods Bangladesh, according to a company statement.   He also worked at British American Tobacco Bangladesh. He obtained his bachelor's and master's degrees from the Institute of Business Administration...

Carthage Cement adopts financial restructuring plan

11 October 2019, Published under Cement News

Tunisian cement producer Carthage Cement has presented its 2019-23 business plan. In terms of financial restructuring Carthage Cement will carry out a capital increase of TND223,774,733 and see its share capital rise to TND395,909,146. The share issue price is TND1.20 (TND1 nominal value and TND 0.20 issue premium) and a parity of 13 new shares for 10 old shares. The financial restructuring wi...

PPC's CFO to step down at the end of the month

11 October 2019, Published under Cement News

South Africa’s PPC has announced that its Chief Financial Officer, Tryphosa Ramano, will step down on 31 October after eight years at the company. Ms Ramano has agreed to take on a consultancy role with PPC to ensure continuity. Ronel van Dijk has been appointed as interim CFO and as an executive director. The news follows Roland van Wijnen taking over as CEO of PPC at the start of this mon...

Fauji Cement appoints new non-executive director

Fauji Cement appoints new non-executive director

11 October 2019, Published under Cement News

Pakistan’s Fauji Cement Co Ltd has announced the appointment of Wasim Sadiq as non-executive director of the company, with effect from 1 October 2019. Mr Sadiq has replaced Muhammed Amir Khan in this role, according to the company’s statement to the stock exchange.

Loma Negra to shut Sierras Bayas plant

10 October 2019, Published under Cement News

Argentine cement producer Loma Negra has announced it will close its Sierras Bayas plant, the oldest cement production facility in the country. The plant, which is a century old, operated as a grinding and dispatch facility since 2001, when a domestic downturn in the market led to the shutdown of its kiln. While two years ago, Sierras Bayas employed 100 workers, now there are only 22 left, i...

Cemex UK is fined GBP1m for workers death

Cemex UK is fined GBP1m for workers death

10 October 2019, Published under Cement News

Cemex UK has been fined GBP1m by Livingston Sheriff Court after its West Calder block plant breached two sections of the Health and Safety at Work Act that led to the death of a member of staff. James Brownline, 64, died after being struck by a piece of machinery while carrying out maintenance on a conveyor belt at the plant in West Lothian. The Health and Safety Executive (HSE) report said...

Lehigh Hanson to break ground on US$600m Mitchell project

11 October 2019, Published under Cement News

US-based Lehigh Hanson Inc is set to break ground this week on its US$600m expansion and modernisation project at its plant in Mitchell, Indiana. The plans were first announced in July last year and are expected to take four years, according to Inside Indiana Business. It will be the company’s largest expansion and modernisation project in north America and is expected to create 50 jobs.

Jidong Cement to acquire 49% stake in Beijing BBMG Mangrove

11 October 2019, Published under Cement News

China’s BBMG Corp is set to sell its entire 49 per cent stake in Beijing BBMG Mangrove to Jidong Cement for CNY1.72bn (US$241m). Jidong Cement is expected to fund the acquisition of the waste management company in an all-cash deal, according to a statement by BBMG. The proceeds from the divestment will be used to meet BBMG’s working capital requirements.

Power Cement to become No 2 in south Pakistan

09 October 2019, Published under Cement News

Power Cement Ltd (PCL) is set to complete the brownfield expansion at its existing production site by adding a new line of 7700tpd (2.5Mta), taking the plant’s total capacity to around 3.4Mta. The project is currently in its testing phase and commissioning will start in 2020. Once online, the project will make the company the second-largest cement producer in southern Pakistan. The expansio...

NCL Industries sees 24% decline in production

09 October 2019, Published under Cement News

India’s NCL Industries has reported a 24 per cent decline in cement production to 371,000t in the 2QFY19-20, falling from 488,000t in the year-ago period. Cement dispatches also decreased by 25 per cent YoY to 367,000t from 488,000t. Elsewhere, the company's production of cement boards rose 12 per cent YoY to 18,503t for the second quarter, however, dispatches declined nine per cent to 15,1...

Hanson Cement appoints new Technical Manager

09 October 2019, Published under Cement News

Nina Cardinal has joined Hanson Cement as its new national technical manager. Ms Cardinal heads up the division’s technical team, which offers customers advice, information and support on all cement and cementitious issues. Ms Cardinal previously worked at Tata Speciality Steels for more than 20 years, latterly as technical director responsible for a 70-strong team, before joining the Univers...

Raysut Cement set to begin construction of new plant in Georgia

11 October 2019, Published under Cement News

UAE-based Pioneer Cement (Raysut Cement Co) is currently finalising arrangements for its greenfield 1.2Mta project to be located near Tbilisi, Georgia. Pioneer Cement owns concessions to limestone mines in Georgia that will provide the key raw materials for the project. The new unit is an opportunity to diversify from the Middle East into a market with large infrastructure growth and a shor...

Flying Cement profits recede in FY19

08 October 2019, Published under Cement News

Flying Cement Company Ltd (FCCL) of Pakistan has announced its financial results for FY19. It declared a net profit of PKR142.36m (US$0.9m) against PKR181.5m earned in the same period last year.  FCCL showed a profit dropped by 21.6 per cent. The fall in profit is reportedly due to increase in the cost of sale to PKR3bn from PKR2.6bn during this period, despite increase in sale. The company...

Steppe Cement suffers weak 3Q19

08 October 2019, Published under Cement News

Steppe Cement Ltd of Kazakhstan had a weak third-quarter performance but said year-to-date revenue benefitted from rising cement prices. The construction materials producer said revenue in the three months to the end of September was 10 per cent lower compared with the prior year, at KZT10.56bn (US$27.1m). A cement sales volume of 576,692t was achieved by Steppe Cement during the 3Q19, an 11...

Adelaide Brighton makes new appointment

08 October 2019, Published under Cement News

Australia’s Adelaide Brighton Ltd has announced the appointment of Emma Stein as an independent non-executive director. Ms Stein has previously held several board and senior executive positions in the building materials, energy, mining and waste management sectors, according to a press release. "We welcome the wealth of experience Ms Stein brings to the Adelaide Brighton board and look forwa...