Cement News tagged: Corporate

Rimco Investments increases share ownership in Suez Cement

12 July 2019, Published under Cement News

Rimco Investments has purchased around 474,000 shares in Suez Cement (HeidelbergCement Group) raising its shareholding from 8.85 to 9.11 per cent. The total value of the deal was EGP3.79m (US$228,000) at an average price of EGP8/share. The Suez Cement Co includes the plants of Suez, Kattameya, Tourah and Helwan in Egypt.

Asia Cement Corp's Taroko mining rights repealed

12 July 2019, Published under Cement News

The Taipei High Administrative Court has repealed Asia Cement Corp’s (ACC) right to operate a cement mine located in Taroko National Park, Taiwan. This decision upheld an appeal from Taroko residents and falls against a Ministry of Economic Affairs (MOEA) decision to grant a 20-year extension of mining rights until 2037. After the extension of mining rights was granted in November 2016, Tar...

NCLT approves Dalmia's acquisition of Murli Industries with conditions

11 July 2019, Published under Cement News

India’s Dalmia Cement (Bharat) has received approval from National Company Law Tribunal (NCLT) Mumbai regarding its offer to save Murli Industries from liquidation. However, the assembly has outlined certain conditions for the deal. The liquidation value of Murli’s assets is INR2.31bn (US$33.6m) while Dalmia has offered INR4.02bn for the acquisition of its 3Mta cement manufacturing business ...

Holcim Philippines completes Davao expansion

11 July 2019, Published under Cement News

Holcim Philippines has completed its 0.7Mta expansion project at its Davao facility, which has been undertaken to support the strong construction activity in Mindanao, according to a press release. "Our company is determined to continue supporting the development of Davao and the rest of Mindanao. These initiatives strengthen our ability to contribute to the progress of the region at this ti...

INC launches new cement

INC launches new cement

11 July 2019, Published under Cement News

Paraguay’s Industria Nacional del Cemento (INC) has launched a new Portland cement, type CP II-C40, produced exclusively for structural work. Due to its high strength it is recommended for structures where the demoulding time is fundamental for the works, rotation of formwork and progress of the schedule. With increased resistance to humidity, the concrete produced with this cement is more ...

Indocement prepared to make plant acquisition in 2019

10 July 2019, Published under Cement News

Indocement Tunggal Prakarsa has noted that it is ready to make a cement plant acquisition this year if the opportunity arises.  "Indocement is in a position that is ready to make an acquisition if there is indeed a cement manufacturer with a strategic location that will be sold," said Antonius Marcos, director and corporate secretary. Mr Marcos explained that by acquiring a strategic cem...

Steppe Cement records 6% rise in volumes for 1H19

Steppe Cement records 6% rise in volumes for 1H19

11 July 2019, Published under Cement News

Kazakhstan’s Steppe Cement has sold 780,315t of cement in the first half of 2019, an increase of six per cent YoY from 738,228t in the year-ago period. The revenue from the sale of cement has surged 34 per cent to KZT14bn (US$36.6m) from KZT10.5bn. The average price of its cement, excluding VAT, rose to KZT18,042/t, compared with KZT14,276/t in the 1H18. The company’s local market share incr...

LafargeHolcim launches the 'Plants of Tomorrow'

10 July 2019, Published under Cement News

LafargeHolcim has launched its 'Plants of Tomorrow' project for its application of Industry 4.0 to its cement business over the next four years. The multinational aims to eventually apply the technology to its network of more than 270 integrated cement plants and grinding stations across 50 countries. LafargeHolcim predicts that its 'Plants of Tomorrow' certified operation will show 15-20 per...

Chinese cement companies expect significant rise in 1H net profit

10 July 2019, Published under Cement News

Huaxin Cement has forecast a rise in net profit between 46-56 per cent YoY from CNY2.1bn (US$305m) in the first half of 2019 when compared with the 1H18, according to Reuters. Tangshan Jidong Cement is expecting its first-half net profit to rise between 57.8-63.2 per cent from CNY918.92m in the 1H18.

DG Khan Cement awards contract for power plants

10 July 2019, Published under Cement News

DG Khan Cement Company Ltd has signed an agreement with Sinoma Energy Conservation Ltd for supply of machinery and equipment for a 10MW waste heat energy power generation plant and a 30MW coal-fired power generation plant to be set up at Hub Cement plant in Baluchistan, Pakistan. DG Khan Cement Company has four cement plants, two plants located at Dera Ghazi Khan, one at Khairpur District,...

El Nahda Cement partially stops production line at Qena plant

11 July 2019, Published under Cement News

Egypt's El Nahda Cement has decided to partially suspend the main line at its 5500tpd Qena plant for nearly six months. The actions come as a result of a decrease in sales and an increase in clinker stocks, representing stagnant assets if not exploited, according to local media sources. The company plans to continue with a partial suspension and reliance on the available clinker, however woul...

Kohat Cement makes top changes

09 July 2019, Published under Cement News

Kohat Cement Company Ltd (KCCL) has informed Pakistan Stock Exchange (PSX) that the Board of Directors have appointed Aizaz Mansoor Sheikh as Chairman and Nadeem Atta Sheikh as CEO for a term of three years commencing from 8 July 2019. Kohat Cement has a capacity of 2.677Mta at its Kohat plant in Khyber Pakhtunkhwa province, Pakistan.

HL Cement (Malaysia) extends closing date for takeover

09 July 2019, Published under Cement News

HL Cement (Malaysia) Sdn Bhd (Hong Leong Group) has extended its takeover offer for the remaining shares in Tasek Corp Bhd to 22 July 2019. HL Cement (Malaysia) said the conditions of the takeover remained the same at MYR5.50/share and MYR5.50 per preference share. HL Cement owned 97.887m shares or 80.8 per cent in Tasek Corp Bhd on 18 June when the takeover offer was made, and on 5 July it o...

Lafarge Czech Republic to invest in plant upgrades

08 July 2019, Published under Cement News

In 2019, Lafarge Czech Republic plans to invest approximately CZK54m (US$2.4m) in the renovation of selected technology for clinker and cement production. Other areas of investment include the reconstruction of access roads alongside the noise and fire protection of buildings. The company noted an increased demand for cement in the first quarter of 2019. However, it has also stated that risi...

Attock Cement seeks transportation services for cement

05 July 2019, Published under Cement News

Attock Cement Pakistan Ltd (ACPL) has issued a tender for transportation services of cement in the southern zone. Offers are invited for transportation from ACPL Factory Hub Chowki, Lasbella, Baluchistan to Karachi City and at ports during the July 2019-June 2020 period. According to an announcement of company, tender is for transportation of bulk cargo for distribution in Karachi and export...

Dushanbe Tajikcement to change location

05 July 2019, Published under Cement News

Tochikcement in Dushanbe will be transferred to a new location, according to Tajikistan Newsline. Cement capacity at the plant is currently 1.1Mta. The new plant, equipped with modern production technology, will be built near the raw material quarry in Kharangon, Varzob district. To implement the plant the Tajik government and Tochikcement recently signed an investment agreement for the cons...