Cement News tagged under: Weekly Newsletter
Holcim: Fontana steps down, changes in Executive Committee10 July 2015, Published under Cement NewsHolcim confirmed today that in connection with the successful public exchange offer and the expected closing of the merger with Lafarge, Bernard Fontana will step down from his position as CEO of Holcim Ltd with the completion of the merger. He will also resign from all mandates in all Holcim Group entities. Mr Fontana said: "It has been a pleasure and honour to work with remarkable and passionate people throughout the past years at Holcim. I wish the new company LafargeHolcim and the enti... |
CEMBUREAU calls for 'truly Circular Economy'10 July 2015, Published under Cement NewsCEMBUREAU has taken note of the European Parliament’s adoption of its ‘Own Initiative Report on Resource Efficiency: moving towards a circular economy’. The European cement association has said that it welcomes the Parliament’s support for a sustainable supply of materials from European sources, as well as the call for legal certainty and long term predictability. In addition, it also recognise that a variety of voluntary resource-efficiency indicators which take into consideration the three... |
South Africa’s 1Q15 sales climb09 July 2015, Published under Cement NewsSouth Africa’s cement sales rose to 2.87Mt in the first quarter of 2015, according to the report released by the country’s leading producer, PPC, on behalf of the country’s eight major cement manufacturers on Wednesday. The increase is attributed to demand from smaller players making up for the slump in the building sector led by bigger companies, analysts said. With the order books of the major firms not looking healthy, the jump in cement sales could be the result of smaller companies suc... |
Pakistan closes FY14-15 with 3.5% sales rise08 July 2015, Published under Cement NewsPakistan cement sales increased by 3.5 per cent in FY14-15 as strong domestic construction and housing activity boosted dispatches, according to Topline Securities. Total sales during the year amounted to 35.4Mta, the Express Tribune reported yesterday. The rise is attributed to an "increase in the private sector expenditure on construction and housing," the newspaper quoted Topline Securities analyst Nabeel Khursheed as saying. Higher government infrastructure spending and improved securi... |
ADOCEM anticipates further consumption gains07 July 2015, Published under Cement NewsADOCEM, the cement producers’ association of the Dominican Republic, forecast cement demand in the country to rise seven per cent in 2015. The national cement association this week elected a new board for the 2015-17 term, presided over by Gabriel Ballestas, director general of Argos Dominicana. Mr Ballestas underlined the importance of the cement industry’s contribution to the development of the country and in particular, the building of affordable housing. ”The development of affordable... |
S&P downgrades PPC on increasing debt07 July 2015, Published under Cement NewsStandard & Poor's Ratings Services (S&P) has lowered its long-term South Africa national scale rating on heavy building materials producer PPC Ltd to 'zaA' from 'zaA+'. At the same time, it affirmed the 'zaA-2' short-term South Africa national scale rating on PPC. S&P said it expects PPC’s net financial debt to increase materially over the near-term due to its increased capital expenditure on expansiory projects in the Sub Saharan region. The company’s strategy is to grow its Sub-saharan ac... |
Cementos Molins appoints new CEO06 July 2015, Published under Cement NewsCements Molins has appointed a new CEO, Julio Rodríguez. Mr Rodríguez worked formerly at Schneider Electric and is since 1 July the first CEO outside the Molins family. He is expected to continue the overseas expansion of Cementos Molins. "If there is something we should do, it is to continue the growth plan. With new ideas, new investments, we'll see where, but with the growth plan." Despite the pick-up in its home market of Spain, Cementos Molins is centring its investment in Latin Americ... |
India: Dalmia expands footprint in western region06 July 2015, Published under Cement NewsDalmia Cement Bharat Ltd (DCBL), the flagship company of the Dalmia Bharat Group, has commenced operations at its greenfield cement plant in Belgaum district of Karnataka, India. The 2.5Mta cement works will cater to the needs of the customers in Maharashtra and Karnataka markets, a company statement said. Dalmia Cement wants to address the needs of its customers through 800 dealers in Maharashtra. The company has a total cement capacity of 24Mta from its 11 plants across India. It has ... |
US April shipments climb 4.1% YoY03 July 2015, Published under Cement NewsTotal shipments of Portland and blended cement in the USA and Puerto Rico in April 2015 rose by 4.1 per cent to around 7.7Mt, latest data from the USGS shows. Shipments for the year through April totalled 24.1Mt, up by 5.1 per cent from the same period in 2014. The leading producing states for Portland and blended cement in April were Texas, California, Missouri, Florida and Alabama in descending order. The leading consuming states (Texas, California, Florida, Illinois and Ohio in descend... |
West China Cement issues first-half profit warning02 July 2015, Published under Cement NewsWest China Cement Ltd said Wednesday it expects to record a "significant decrease" in net profit for the six months ended June compared with a year ago. The Hong Kong-listed cement producer said the anticipated decline is mainly attributed to the low average selling price of cement over the past 12 months. The company also said it was unable to maintain "reasonable selling prices and healthy margins" in the southern part of the Shaanxi region. West China cement recorded a net profit of C... |