Cement News tagged: Corporate

Chinese producers expect significant rise in 1H18 net profit

10 July 2018, Published under Cement News

China’s Huaxin Cement has announced that it expects 1H18 net profit to rise 179-192 per cent YoY, compared to CNY728m (US$109.94m) of the year-ago period, according to Reuters. Elsewhere in the country, Jiangxi Wannianqing Cement has also announced that it expects a significant surge of 440-490 per cent YoY in net profit for the period.

ARM asks for time after missing bond payment

10 July 2018, Published under Cement News

The Nairobi Securities Exchange-listed that the ARM Cement missed its June 2018 interest payment on a privately placed bond worth tens of millions of Kenyan shillings. The bond was issued in 2015 with the medium-term notes (MTN) maturing in November 2020 and expected to pay interest each June and December, according to the Business Daily. "We're asking our lenders to give us some time so t...

CEO of Hail Cement resigns

10 July 2018, Published under Cement News

Saudi Arabia's Hail Cement Co has announced that its CEO, Matar Alahrani, has resigned from his position with effect from 30 August 2018, due to moving to a new position. The company's board of directors have noted their appreciation for Mr Alahrani's efforts since the company’s inception, according to a press release.

Birla White to increase exports

09 July 2018, Published under Cement News

India’s Birla White, a division of UltraTech Cement Ltd, has announced plans to increase exports over the coming years. "Currently, the volume is just about three per cent of our total volumes but over the next three to five years, we are targeting 10 per cent of the total volume," said Anurag Angrish, joint executive president (marketing), Birla White. Furthermore, the company expects ...

Pokot Cement still waiting to get off the ground

Pokot Cement still waiting to get off the ground

09 July 2018, Published under Cement News

The continued delay in establishing the Pokot Cement factory in Kenya, is infuriating local residents who expect to benefit from new job opprotunities. Today, prime land in the area whose value had risen, no longer attracts the interest of potential buyers, with the township remaining largely inactive. West Pokot County Executive Committee member for trade, Monges Lotodo, said the authoriti...

Dangote to list in London in 2019?

12 July 2018, Published under Cement News

Dangote Cement is considering carrying out its long-planned listing of shares in London after the Nigerian presidential and parliamentary elections on 16 February 2019 and state government elections in March as it intends to expand through acquisitions, according to a report in Business Day. "We are working on it and we’ll look at it in 2019," Edwin Devakumar, group executive director at Da...

PSP Engineering announces 38% sales increase in 2017

PSP Engineering announces 38% sales increase in 2017

09 July 2018, Published under Cement News

PSP Engineering, a major Czech turnkey supplier, has announced a 38 per cent YoY rise in sales to CZK616m (US$28m) in 2017. The company’s profit surged 192.5 per cent to CZK11.7m, compared to CZK4m of the previous year, according to its annual report. Sales of equipment for cement plants and crushing and grinding machinery contributed 27 and 26 per cent, respectively. Sales in the Hungaria...

ICR interviews thyssenkrupp's Frank Ruoss

06 July 2018, Published under Cement News

In the July issue of ICR, equipment specialists throughout the cement sector reflect on their achievements in the past three decades and look to what the cement industry can expect from them going forward. In this interview, ICR speaks with Frank Ruoss, CEO of Cement Technologies, thyssenkrupp Industrial Solutions. ICR What is thyssenkrupp/Polysius’ single most significant achievement? ...

LafargeHolcim reviewing sale of Indonesian assets

06 July 2018, Published under Cement News

LafargeHolcim (Switzerland) is considering the sale of its Indonesian subsidiary, Holcim Indonesia, for a total consideration of US$2bn, according to Bloomberg and local reports.   The Indonesian cement market has suffered from overcapacity and price pressure in recent years, placing pressure on profit margins. Nevertheless, the long-term potential of the market and Holcim Indonesia’s strong m...

LafargeHolcim wins contract from Highways England

06 July 2018, Published under Cement News

LafargeHolcim has won a GBP500m (US$661m) contract from Highways England to supply cement bound works and asphalt over the next four years for a regional investment programme, according to the producer. The company's UK subsidiary, Aggregate Industries, will supply the materials for the project. Aggregate Industries had already been chosen to provide surfacing work for the country’s largest...

Dangote forecast to increase market share in sub-Saharan Africa

06 July 2018, Published under Cement News

The removal of tariffs and non-tariff barriers under the African Continental Free Trade Area (AfCFTA) will help Dangote Cement Plc’s expansion plans in sub-Saharan Africa and increase its consumption to 275Mt across 16 countries by 2030, according to a projection released by the Nigeria Office for Trade Negotiations. The Dangote Group has also forecast a 27.1 per cent market share in sub-Saha...

ICR interviews Cementir's Francesco Caltagirone Jr

06 July 2018, Published under Cement News

In the July issue of ICR, cement associations and producers reflect on the past three decades, highlight the industry’s achievements and look at the way ahead as climate change and other challenges drive changes in the industry. In this interview, ICR speaks with Francesco Caltagirone Jr, chairman & CEO, Cementir Holding SpA. ICR How has your company evolved over the last 30 years and what...

Martin Marietta acquires CRH America's divested asset

04 July 2018, Published under Cement News

US-based Martin Marietta Materials has acquired CRH America’s Mallard Sand & Gravel business, which will add approximately 30Mt of aggregates to the company’s reserves. CRH was required to divest these assets as part of its acquisition of Ash Grove Cement Co. Furthermore, Martin Marietta has sold two aggregate quarries to resolve competition issues with respect to its recent acquisition of ...

Dangote to issue shares as part of its NGN150bn Commercial Paper Programme

04 July 2018, Published under Cement News

Dangote Cement Plc has announced the issuance of NGN50bn (US$13.9m) series 1 and 2 notes under its NGN150bn Commercial Paper Programme, announced on 27   June 2018. The series 1 and 2 notes will be listed on Nigeria's FMDQ OTC Securities Exchange on 19 July 2018. Funds raised in the Commercial Paper (CP) Programme will be used for capital expenditure, working capital and general corporate pu...

LafargeHolcim acquires leading Texan ready-mix concrete company

04 July 2018, Published under Cement News

LafargeHolcim has acquired Tarrant Concrete, a leading providing of ready-mix concrete in the Dallas/Fort-Worth area in Texas, USA. Jan Jenisch, CEO of LafargeHolcim: “The acquisition of Tarrant Concrete follows our Strategy 2022 – ‘Building for Growth’ by capturing growth opportunities in our most attractive markets. By being highly complementary to our existing business, Tarrant Concrete w...

LafargeHolcim appoints new Head of Middle East/Africa

05 July 2018, Published under Cement News

LafargeHolcim has appointed Miljan Gutovic as the Head of Region Middle East/Africa and Member of the Executive Committee of the Franco-Swiss building materials producer, effective as of July 2018. He succeeds Saâd Sebbar who has decided to pursue opportunities outside of the company. Miljan Gutovic (39), an Australian national with over 13 years of experience in the building materials sect...