Cement News tagged: Corporate

Huaxin Cement Narayani to build US$140m plant

28 June 2018, Published under Cement News

Nepal’s Investment Board (IBN) has signed a project investment agreement with Huaxin Cement Narayani to establish a US$140m cement plant in Nepal. Following the deal signed by IBN’s CEO, Maha Prasad Adkhikari, and Xu Gang, vice-president of Huaxin Cement Co, in the presence of Prime Minister, KP Sharma Oli, the joint venture company will build a 3000tpd cement works in Dhading, Nepal. The a...

Taiheiyo to increase Philippine capacity

25 June 2018, Published under Cement News

Taiheiyo has allocated PHP3.5bn for a new cement line in San Fernando, Cebu. At present the works produces 7350tpd and the project aims to raise output potential to 16,350tpd by the end of next year. Romeo Gebilaguin, Taiheiyo's environment and safety manager, said that as demand for cement grows, the plant has to double its production capacity. "We will be needing additional manpower by th...

Republic Cement contracts Aboitiz Construction for Bulacan and Cebu

29 June 2018, Published under Cement News

CRH subsidiary, Republic Cement and Building Materials, has called in local affiliate Aboitiz Construction to help realise its projects in Bulacan and Cebu, Philippines. Under the contract, Aboitiz Construction will have to complete within 11 months the structural and mechanical works in the Bulacan and Cebu sites. The cement producer is also looking into improving cement and clinker cap...

Eagle Cement sees PHP350m in savings

22 June 2018, Published under Cement News

Eagle Cement Corp expects to generate some PHP530m in savings from the three-year income tax holiday granted by the government for the company’s recently-completed third production line in Bulacan. The savings will be generated over a three-year period between 2018-20. "That doesn't count yet other incentives that we get in terms of tax savings from the importation of certain equipment, bri...

Shivam Cement first cement producer to IPO in Nepal

Shivam Cement first cement producer to IPO in Nepal

22 June 2018, Published under Cement News

Shivam Cement Ltd is set to issue 5,280,000 units in an initial public offering (IPO) at premium prices after the company received approval from the Securities Board of Nepal (Sebon). It is the first cement producer that is issuing primary shares for the general public. Shivam Cement will issue 880,000 units, or two per cent of the company’s share capital, at the rate of NPR300 (US$2.75)/un...

Power Cement completes Nooriabad expansion finance

21 June 2018, Published under Cement News

One of the Pakistan’s leading cement producers, Power Cement Ltd has completed financing arrangements of PKR24.9bn (US$205m) for the 2.5Mta expansion of its cement plant Nooriabad Industrial Area, Kalo Kohar District, Jamshoroo, Sindh. On completion of this expansion, Power Cement will be the second-largest producer in the Southern Region by May 2019, with the total capacity of 3.4Mta, saidTa...

CRH announces completion of Ash Grove acquisition

CRH announces completion of Ash Grove acquisition

21 June 2018, Published under Cement News

CHR has now completed the acquisition of Ash Grove Cement Co. The Irish building materials producer announced on 21 September 2017  it reached an agreement to acquire the Kansas-based cement company for US$3.5bn. The US Federal Trade Commission issued its consent order for the deal on 15 June 2018.

CNBM adds 18.7% stake in Southwest Cement

21 June 2018, Published under Cement News

China National Building Material (CNBM) said it agreed to purchase a 18.7 per cent equity interest in Southwest Cement Co from Zhonghai Trust Co Ltd for CNY1918m (US$295.1m). The acquisition would increase CNBM’s stake from 70 per cent to 88.7 per cent. It would strengthen CNBM’s bottom line, quality asset management and improve return on investment as the southwestern China market continues...

Bosnia’s Banovici plans 1.1Mta cement plant

21 June 2018, Published under Cement News

Bosnian state-controlled brown coal mine Banovici and the Federation’s privatisation agency will shortly seek a strategic partner for the construction of a cement plant at the coal mine. The project represents an investment of EUR250m (US$290m). Banovici has already obtained the required documents and secured an environmental permit with works expected to start in 2019, according to local n...

State Council confirms penalties issued by SIC to Cemex Colombia

20 June 2018, Published under Cement News

Colombia’s State Council has confirmed the COP923m (US$315,784) and COP138m penalties issued by the Superintendence of Industry and Commerce (SIC) to Cemex Colombia SA, according to El Universal. "The ruling reveals the emergence of indications about the existence of market share agreements and the allocation of production quotas between the companies Cemex Colombia SA, Holcim Colombia SA an...

Udayapur Cement suffers irregular supply of power

20 June 2018, Published under Cement News

Nepal’s Udayapur Cement Industries Ltd (UCIL) is facing financial losses due to the irregular supply of electricity to its facility. Power supply was halted 27 times in the internal supply line and 93 times in the external line during the mid-May-mid-June period, according to Republica. "An hour of power cut in the factory causes losses of over NPR400,000," said Surendra Paudel, general mana...

Molins to start old Sant Vicenç del Horts demolition

20 June 2018, Published under Cement News

Cemento Molins will start the demolition of its old plant in Sant Vicenç del Horts, a project which is expected to take around 18 months. The plant, which was built between 1965-1974, was replaced by a new works on an adjacent plot of land in 2010. Once the demolition is complete, it is possible that the owners will expand the current operational factory using the 19,000m 2 area. The...

Martin Engineering opens new UK facility

20 June 2018, Published under Cement News

Bulk handling specialist Martin Engineering has opened a new facility in Mansfield, Nottinghamshire, UK, to offer an improved service to UK and Scandinavian customers. The team at Mansfield will be lead by Aaron Bartram, who has 30 years of experience running major production operations in the heavy building products sector. “The UK and Scandinavia are centres of excellence when it comes to...

Thai King increases stake in Siam Cement

20 June 2018, Published under Cement News

Thailand’s King Maha Vajiralongkorn Bodindradebayavarangkun has increased his stake in Siam Cement Group from 0.8 per cent to 30.8 per cent, and has become the top shareholder. King Vajiralongkorn took over all of the shares previously controlled by the Crown Property Bureau (CPB), an entity that manages royal assets, according to Nikkei. The transfer will not result in any change to the ope...

US Cement receives key permit for white cement plant

20 June 2018, Published under Cement News

US Cement LLC has received a draft air permit from the Texas Commission on Environmental Quality for a white cement plant near the town of Brady. Groundbreaking for the 0.5Mta facility, which sits on a limestone deposit of 80Mt, is scheduled for the first half of 2019. Part of Royal White Cement, US Cement expects to invest more than US$200m in the plant, incorporating the latest productio...

Cemex UK moves to Rugby

19 June 2018, Published under Cement News

Cemex UK is moving its headquarters from Thorpe, Surrey, to its offices in Rugby, Warwickshire, to create a new HQ from 1 July 2018, said the company in a statement. The company has had close links with Rugby for nearly 150 years and operates one of the most modern plants in the town. To date the location has provided a regional centre for the company. From 1 July the senior leadership team...