Cement News tagged: Corporate
Holcim Philippines to raise capacity of La Union plant
Holcim Philippines has announced that it intends to raise the capacity of its facility in La Union, Luzon, from 1Mta to 1.8Mta by the first half of 2019, to further support the construction activity on the island. The company is currently installing new equipment and storage facilities at the plant, while implementing efficiency initiatives in its Bulacan, Manila and Batangas facilities. "H...
La Hien Cement records 20% revenue increase
Vietnam’s La Hien Cement JSC has announced a 20 per cent YoY increase in revenue to VND334.1bn (US$14.31m) for the first half of 2018. Furthermore, profit-after-tax surged 17 per cent to VND13.7bn in the 1H18. Meanwhile, financial expenses fell 52.5 per cent to VND5.9bn from VND9bn recorded in the year-ago period.
Kigali Cement plant auction postponed
The auctioning of Kigali Cement’s plant in Nyarugenge, Rwanda, has been postponed, allowing more time for talks between the involved parties. The sale was being made to allow the company to pay its creditors, Rwanda Enterprise Investment Company (REIC). However, Kigali Cement and REIC have now agreed to hold talks, according to Aloys Bizimana, court baliff in charge of the auction. "We can...
Boral concludes deal with Geelong Port for new facility
A new clinker grinding and cement facility is to be built at Geelong following an agreement between Boral Cement and Geelong Port, Australia. The 25-year agreement will see Boral invest AUD130m (US$94.3m) in a 1.3Mta facility, which is to be connected by a conveyor system to Lascelles Wharf to provide efficient discharge and processing. The new facility is expected to enable Boral to increa...
Aalborg Portland signs 5-year transport deal
Denmark-based Aalborg Portland has signed a five-year cement transport agreement with Demstrup Autotransport and Silo Trans. The two firms will carry out the more than 33,000 transports annually to complete the cement producer’s distribution of more than 1.25Mta of cement.
Titan Group joins the GCCA
Greece’s Titan Group has announced that it has joined the Global Concrete and Cement Association (GCCA). Through its participation, the company continues building on its commitment to actively engage in collaborative initiatives aiming to address global sustainability challenges, according to a press release. The UK-based GCCA will incorporate the activities of the Cement Sustainability Init...
JSW Cement begins work on 1.2Mta grinding unit
India’s JSW Cement has begun construction of a 1.2Mta grinding unit at the Kalinganagar Industrial Complex in Jajpur, Odisha, which will be used for the production of Portland slag cement and GGBS. Petron Engineering Construction won the INR600m (US$8.2m) contract for civil and structural work, while the State Environment Impact Assessment has provided clearance for the project. The unit is ...
Gebr Pfeiffer commissions Osho grinding mill
Gebr Pfeiffer has erected and commissioned an MVR grinding plant at Port Elizabeth, Eastern Cape, South Africa, for Osho Cement in just four months. Osho Cement is a joint venture with HeidelbergCement. The MVR 37750 C-4 mill was ordered in 2017 and is the first MVR mill in South Africa. The new mill will grind clinker at 110tph to a Blaine fineness of 3500cm 2 /g and 80tph of blastfurn...
Unacem seeks loans of up to US$490m
Union Andina de Cementos SAA (UNACEM) plans to start talks with banks for up to US$490m in loans to refinance existing US$-denominated debt and other corporate purposes. The company is seeking US$50m from Citibank, US$45m from Banco Santander and local currency credit facilities for up to US$100m from Banco de Credito del Peru and Scotia Bank Peru, the Peruvian cement producer said in a rece...
Oman Cement unveils new brand identity
Oman Cement Co unveiled a new brand identity and logo to convey its strong brand value proposition that is synonymous with quality, strength and reliability. The new brand identity was launched at a function held under the auspices of H E Qais Mohammad al Yusuf, chairman of Oman Chamber of Commerce and Industry. The event was attended by Dr Abdullah bin Abbas bin Ahmed, chairman of OCC, Eng ...
Nuvoco Vistas appoints new MD
India’s Nuvoco Vistas Corp Ltd has announced the appointment of Jayakumar Krishnaswamy as its managing director with immediate effect. Mr Krishnaswamy will be responsible for the company’s three business divisions of cement, ready-mix and aggregates. Mr Krishnaswamy had previously worked as the managing director of AkzoNobel India, a paints and coating manufacturing company, and was responsi...
Kigali Cement plant to go under auction
Kigali Cement plant will again go under the auction hammer tomorrow, Tuesday, when owner Athi River Mining Cement Ltd (ARM) looks to see the plant meet its valuation. Located in Gitikinyoni area of Nyarugenge district of Rwanda, the grinding plant has a cement capacity of 0.1Mta. Bidders failed to meet the valuation of the plant in the previous auction. "The only bid RWF100m (US$113m) and it...
Vicat Group appoints Hugues Chomel as CFO
France’s Vicat Group has announced the appointment of Hugues Chomel as CFO, replacing Jean-Pierre Souchet, deputy CEO, who will now be serving as an advisor to the chairman and CEO. Mr Chomel joined the company in 2004 and has been the deputy CFO since 2013, having previously worked for Schneider Electric, Alstom and Deloitte.
Ciments du Maroc reports 1H turnover down 4%
Ciments du Maroc posted a 1H18 turnover of MAD1.94bn, a 4.2 per cent decrease when compared with the same period in 2016. The sales volume of the company and its subsidiary Indusaha fell 2.6 per cent with domestic demand 2.9 per cent over the period. The gross operating surplus was MAD1bn, up 9.3 per cent as operating performance improved. Operating income rose faster than EBITDA (+12.5 per ...
FANCESA increases freight charges
From 1 October new freight charges will come into effect at Bolivia’s Fábrica Nacional de Cemento (FANCESA) as it currently prepares individual contracts for carriers. Fo example, freight to Santa Cruz will cost BOB13/bag with the company expected to publish the costs of further markets in the following days.
Cemex Holding Philippines denies ownership in landslide area
Cemex Holding Philippines (CHP) reported to the stock exchange that it has no equity stake in APO Land & Quarry Corp (ALQC) after a landslide killed at least 22 people and left several people unaccounted for in the area on 20 September. Cemex is coordinating with ALQC after the recent downpour caused a landslide in Sito Sindulan, Barangay Tina-an, Naga City, Cebu. While ALQC is a ra...