Cement News tagged: Corporate

Sagar Cements reports 2% increase in production for January

06 February 2020, Published under Cement News

India’s Sagar Cements has reported a 1.7 per cent YoY increase in standalone cement production for January 2020, rising to 228,455Mt from 224,607Mt in the year-ago period. Consolidated cement production improved 4.7 per cent to 316,657Mt from 302,558Mt. However, the company’s standalone cement sales were down three per cent to 224,271Mt from 231,208Mt in January 2019. Consolidated cement sa...

LafargeHolcim Canada Inc appoints new VP Saskatchewan and Manitoba

06 February 2020, Published under Cement News

LafargeHolcim Canada Inc has promoted Tina Larson to the newly-reorganised role of Vice President, Saskatchewan and Manitoba. Ms Larson first joined Lafarge in 2010 as General Manager, Pipe in the Greater Calgary Area, following a 16 year career with Weyerhaeuser Canada where she held various management positions. In 2015 she was promoted to the country level role of Director, Health and Saf...

Eagle Materials reports a 5% revenue increase

05 February 2020, Published under Cement News

US-based Eagle Materials has reported a five per cent YoY increase in revenue to US$350.2m for the quarter ending 31 December 2019. However, the company posted a net loss of US$114.6m, compared to a profit of US$57.7m in the year-ago period. Adjusted EBITDA advanced six per cent to US$118.7m in the 3QFY19-20. "We are pleased that during the third quarter of fiscal 2020 we capitalised on robu...

Shree Cement to enter western India within six months

05 February 2020, Published under Cement News

Shree Cement will enter the market of western India within the next six months when it commissions its 2.5Mta grinding plant near Pune, Maharashtra, according to the Business Standard. "It will be our maiden entry into Maharashtra and cater to demand for the western part of the state," said H M Bangur, managing director. The plant represents an investment of INR6.25bn (US$87.8m). Since the ...

Cemtech Industries Cameroon seeks permit in Port of Kribi

Cemtech Industries Cameroon seeks permit in Port of Kribi

05 February 2020, Published under Cement News

Cemtech Industries Cameroon is a new cement producer among the interested industrial parties looking to settle in the logistics zone of the autonomous Port of Kribi (PAK), which began operations in 2018 in southern Cameroon. To date, 31 temporary permits of occupation in the logistics zone have been issued for the cumulative area of 1,239,151ha.

LafargeHolcim US appoints Mountain Region manager

05 February 2020, Published under Cement News

LafargeHolcim has appointed Woodrow "Chance" Allen general manager for the Mountain Region for the US Aggregates and Construction Materials (ACM) organisation. Mr Allen has extensive experience in lean manufacturing and managing large-scale businesses. "Chance brings a valuable perspective of the US aggregates and construction materials industry," said Jay M Moreau, CEO, US ACM. "His experien...

CIMAF Ghana Ltd extends its product range

CIMAF Ghana Ltd extends its product range

05 February 2020, Published under Cement News

CIMAF Ghana Ltd has announced the introduction of newly-improved cement grade, 42.5R B-L, to its line of products. "This is not just an addition, but a much-needed grade to give users every needed grade for every stage within the construction ladder of any project, with the same hallmark of quality to make sure that consumers get the best out of the standard within every grade bracket," said...

Dewan Cement makes changes in top management

05 February 2020, Published under Cement News

Dewan Cement Ltd (DCL) has informed Pakistan Stock Exchange (PSX) about changes in top management. Company Secretary, Muhammad Hanif Germany stated in a bourse filing that Haroon Iqbal, Syed Muhammad Anwar, Ghazanfar Baber Siddiqi, Waseem-ul-Haque Ansari, Ishtiaq Ahmed, Muhammad Baqar Jafferi and Aziz ul-Haque have elected as the directors of the company. The new appointments have taken plac...

SCG sees 14% revenue increase from Cambodian operations

06 February 2020, Published under Cement News

Thailand's Siam Cement Group has reported a 13.9 per cent YoY increase in sales revenue from its Cambodian operations in 2019, rising to US$451m from US$396m in the previous year. In the final quarter of 2019, sales advanced 17 per cent YoY to US$114m, driven by its cement and construction materials business, according to a press release. "Cambodia's economy continued to achieve robust gro...

JK Cement commissions 2.5Mta of grinding capacity

06 February 2020, Published under Cement News

India's JK Cement has announced the successful commissioning of 1Mta of grey cement grinding capacity in Mangrol, Rajasthan, and 1.5Mta of the same in Aligarh, Uttar Pradesh. The company began commercial dispatches from the units on Monday, 3 February. Elsewhere, it has noted that the 0.7Mta split grinding unit project in Balasinor, Gujarat, is in an advanced stage of completion.

Lucky Cement wins International Corporate Social Responsibility Award 

04 February 2020, Published under Cement News

Lucky Cement Ltd received the International Corporate Social Responsibility Award in the category of "Green Environmental Stewardship", organised by The Professionals Network (TPN), at the 9th CSR Summit and Awards held on 30 Jan 2020 at a local hotel in Karachi, Pakistan.   Lucky Cement Ltd received this prestigious award in recognition of its efforts to control carbon emissions into the atmo...

Hail Cement reports profit rise in 2019

04 February 2020, Published under Cement News

Saudi cement producer Hail Cement has posted a net profit after zakat and tax of SAR59.7m (US$15.9m) in 2019 following a loss of SAR25m in 2018. The company increased its sales from SAR196m in 2018 to SAR274.4m in 2019.

Raysut Cement plans to acquire 75% stake in LafargeHolcim Maldives

06 February 2020, Published under Cement News

Oman’s Raysut Cement Co has reportedly begun discussions to acquire a 75 per cent stake in LafargeHolcim Maldives. The board has approved the move in principle and the company is in talks to acquire the stake from Switzerland-based Cementia AG.

National Cement Co of Alabama breaks ground

03 February 2020, Published under Cement News

National Cement Co of Alabama (Vicat group), has broken ground on its US$250m expansion of the plant in the Saint Clair County town of Ragland, USA. The expansion project is built adjacent to the company's existing plant on Highway 144. The expansion, expected to be completed by 2022, and the biggest economic project in a seven-county region of central Alabama. It is by far the town's biggest...

Qassim Cement sees net profit treble in 2019

03 February 2020, Published under Cement News

Saudi Arabia-based Qassim Cement Co reported a 83.7 per cent increase in revenue to SAR781.9m (US$208.5m) in 2019 from SAR425.7m in 2018. The company net profit after zakat and tax nearly trebled to SAR360.7m in 2019. In 2018 it was SAR120.8m. The company attributes the improvements to a rise in sales and an increase in average selling price.

Cemex's Lloseta cement plant to become an aggregates facility

03 February 2020, Published under Cement News

Cemex's closed cement plant in Lloseta, in Mallorca, Spain, has been passed by the Balearic Environment Commission to be adapted into an aggregates plant. Proposals for the site had been invited in May 2019, when the government made the site a Strategic Industrial Project. The best option has been to keep the Can Negret quarry operating and to grant approval for a new aggregates plant on the ...