Cement News tagged: Corporate
Akhangarancement records production increase in May
Uzbekistan-based Akhangarancement has announced an increase in cement production for May 2018. The producer recorded a 2.7 per cent YoY increase to 175,024t in May, according to Uzbekistan Daily. The volume of clinker production also increased by 838t to 130,060t for the period. Plant maintenance which began in November 2017 was also successfully completed in May, including repairs to the ro...
Akkord plans to increase production at Gazakh plant
Azerbaijan's Akkord Industry Construction Investment Corp OJSC plans to increase production at its Gazakh plant by a third, according to Trend News. "Major part of the cement plant's products comes to the domestic market, and is exported to Georgia," said a source within the company. "We aim to expand the sales. In this regard, an investment plan has been drawn up jointly with a German c...
Hrazdan Cement restarts production under Russian ownership
Armenia's Hrazdan Cement Corp is operating again and has been bought by GM Holding, which is under Russian ownership. Zhoghovurd (People) newspaper, reports that GM Holding is owned by Arsen Mikaelyan, chairman of Armbusinessbank CJSC board, which belongs to billionaire Vitaly Grigoryants, born in Karabakh, who lives in Russia. According to the newspaper, after the purchase-sale transact...
GCC acquires Trident Cement, sells OK and AR ready-mix operations
Meixcan cement producer Grupo Cementos de Chihuahua (GCC) received regulatory approval for the purchase of the 0.315Mta Trident cement plant in Three Forks, Montana, USA, from CRH, as well as the sale of its ready-mix concrete operations and transportation assets in Oklahoma and Arkansas. Following the transaction GCC owns eight cement plants in the US and Mexico, with a total production cap...
Council pulls out of Holcim Westport purchase
The Buller District Council has reneged on a US$5m plan to buy Holcim cement assets and land on the West Coast. The assets include a water supply and treatment plant, a quarry, land, silos and a packing plant in Westport, Cape Foulwind and Tauranga Bay, New Zealand. Westport lost over 100 jobs when the company closed its cement works in 2016, after 58 years of operation. Mayor Garry Howa...
Dangote sells 0.332Mt of cement in Cameroon in 1Q18
Dangote has sold 0.332Mt of cement from its 1.5Mta cement plant in Douala, Cameroon, in the first quarter of 2018 according to the Nigeria-based cement producer. The company attributes its sales to increased brand awareness, additional sales outlets and improved marketing strategies. Dangote Cement estimates its 1Q market share at 44 per cent, slightly up when compared with the 1Q17. Tot...
Sino-Zimbabwe Cement announces plan to build homes
Sino-Zimbabwe Cement Co (SZCC) plans to construct 300 houses at its Indiva Farm facility, Gweru, Zimbabwe. The company stated that the housing project will depend on the completion of a brick and tile plant which is also being constructed near the plant, according to Nehanda Radio. "We want to construct staff houses for our employees but our focus is to ensure that we cut costs by taking adva...
Titan releases its 2017 Annual report
Titan Group has released its 2017 Annual Report online . The report highlights the financial performance of the group that had a turnover of EUR1505.8m, EBITDA of EUR273.4m, profit after taxed of EUR42.7m and capital expenditure of EUR122.6m. "This stable performance reflects our ability to capitalise on the opportunities offered by the continuing growth in the US market and to minimise the...
Lucky Cement charts further growth after releasing 9MFY18 results
Lucky Cement is optimistic about future growth for the company, and will rely on exports and its overseas operations to boost sales . The Pakistani cement company achieved an overall growth of 5.6 per cent with total sales volume of 5.84Mt during the current nine months (9MFY18) as compared to 5.53Mt sold in same period last year. While local cement sales volume registered a growth of 16.9 ...
JSW Cement inaugurates railway siding for Salboni plant
JSW Cement has inaugurated a 6.5km railway siding to transport inbound and outbound cargo for its 2.4Mta facility in Salboni, West Bengal. "In cement business, logistics accounts for 30-35 per cent of the cement cost and to be cost effective we are continuously working on various levers to reduce this cost. This railway siding is a step in this direction," said Parth Jindal, managing directo...
My Home Industries considers 50% capacity expansion
India-based My Home Industries is considering a capacity expansion of up to 50 per cent over the next four years, according to the Business Line. The company has announced that its awaiting clearance from the board for the expansion, which would see it increase capacity to 15Mta from 10Mta. "Investment and location for expansion will be decided when we finalise the plans. We have the opportu...
Anhui Tongling Conch temporarily suspends three production lines
Anhui Tongling Conch Cement Co Ltd was required to suspend operations of a cargo pier in late May, according to a notice jointly issued by the Tongling Environmental Protection Bureau and Tongling Port and Shipping (Local Maritime) Bureau, China. Since the pier is an important channel for the shipping of cement and clinker products as well as the delivery of raw coal to the company’s cement p...
Carmen Díaz appointed new commercial director LafargeHolcim España
LafargeHolcim has appointed Carmen Díaz as new commercial director for its subsidiary in Spain. Ms Díaz, formerly general manager of LafargeHolcim’s digital venture ReadySet Mix, will succeed Simón Kronenberg, who has been given new responsibilities in LafargeHolcim, Switzerland. Following an Chemical Engineering degree at the University of Ovieda and an MBA, she entered the company in 20...
Sagar Cements commissions capacity expansion
India's Sagar Cements Ltd has commissioned a capacity expansion at its grinding unit in Anakapally district, Andhra Pradesh, raising capacity to 1.5Mta from 0.3Mta. While the expansion scheduled to become operational by 31 December 2018, the facility was commissioned ahead of time on 10 June.
HeidelbergCement updates financial targets and strategic priorities
HeidelbergCement presented its Vision 2020, updating financial targets and strategic priorities for the three-year period starting 2018 at its Capital Markets Day 2018 in Bergamo, Italy. The group aims to increase free cash flow generation to around EUR6bn during this period, driven by further efficiency gains and potential market upsides as well as a reduction in financial costs and disciplin...
Shree Cement budgets for United Cement acquisition
Shree Cement plans a capital expenditure of INR35,000m (US$519.1m) in the current financial year including INR20,000m on the completion of the deal to acquire UAE-based United Cement Co PSC. The management of Shree Cement, led by managing director HM Bangur, has historically avoided taking over existing capacity because it is of the view that it can set up plants ground up at a much lower cos...