Cement News tagged under: Weekly Newsletter
Future LH Executive Committee finalised27 May 2015, Published under Cement NewsLafarge and Holcim have completed the appointments for the future Executive Committee of LafargeHolcim following a recommendation by Eric Olsen, future CEO of the combined group. The future Executive Committee, under the leadership of Eric Olsen is composed of: • Finance, Thomas Aebischer, currently in charge of Finance at Holcim • Integration, Organization & Human Resources, Jean-Jacques Gauthier, currently in charge of Finance at Lafarge • Europe, Roland Köhler, currently in charge of E... |
Pakistan cement exports see monthly gains27 May 2015, Published under Cement NewsPakistan's cement exports during April 2015 showed sequential gains but declined over the first 10 months of the current fiscal on an annual comparative basis, with shipments to its main market of Afghanistan down by almost a quarter. In April 2015, Pakistan exported 614,732t of cement on revenues of US$33.36m, up by 40.02 and 33.51 per cent, respectively compared to the previous month. However, on an annual basis, export volumes were down by 14.9 per cent while the value in dollar ter... |
Lafarge and Holcim reorganise group functions20 May 2015, Published under Cement NewsLafarge and Holcim are each preparing the reorganisation of group functions in the context of their proposed merger. Holcim’s proposed new organisation would result in a net reduction of approximately 120 jobs in Holcim Group functions in Switzerland. The social consultation process to reduce the impact on roles that are affected by reductions will now be launched with the employee representatives (AV) in Switzerland, the company said in a statement today. Concerning Lafarge at worldwide... |
Weaker Brazil markets depress Cimpor's profits20 May 2015, Published under Cement NewsCimpor has reported a first quarter turnover 7.4 per cent higher at EUR636.6m but the EBITDA declined by 7.2 per cent to EUR123.4m. The trading profit (EBIT) was 17.6 per cent lower at EUR74m. The net financial charge declined by 18.9 per cent to EUR75.3m to give a pre-tax loss of EUR1.3m, compared with EUR3.1m a year earlier. At the net attributable level there was a loss of EUR17.2m, compared with a loss EUR10.8m a year earlier. Net debt was 0.6 per cent lower at EUR3522m, but the gear... |
Fauji Cement inaugurates WHR project, Pakistan19 May 2015, Published under Cement NewsFauji Cement Company Ltd (FCCL) has inaugurated a 12MW waste heat power project at its factory in Jhang Bahater, Attock district of Pakistan. Sinoma Energy Conservation of China commissioned the project at an estimated cost of PKR 1.7bn (US$16.7m) in 14 months. The WHR unit was completed in April 2015 and has been on trial generation. The company reports that its benefits will start accruing in the final quarter of FY14-15. Present at the official launch ceremony last week were Kha... |
Dangote revenues boosted by new capacities18 May 2015, Published under Cement NewsDangote Cement reported a double-digit rise in first-quarter revenue, boosted by contributions from its new factories in Africa. Group cement sales volumes rose by 3.4 per cent compared to the same quarter of 2014, with volumes from Senegal and Sephaku Cement offsetting a decrease in volumes in Nigeria. Group revenues rose by 10.8 per cent to NGN114bn, mainly due to higher revenues in South Africa and Senegal. Nigerian cement volumes fell by 10.7 per cent during the first quarter but a... |
TCL restructures debt, names new CEO18 May 2015, Published under Cement NewsTrinidad Cement Ltd (TCL) has repaid all its previous lenders, company chairman, Wilfred Espinet, announced alongside Nigel Edwards and new chief executive, Jose Luis Seijo. Espinet said shareholders were updated at a February meeting on some of the board's plans to reorganise the capital structure of TCL and were, at that time, advised that the board had agreed to a set of restructuring terms with lenders, with two significant preconditions-the removal of the 20 per cent restriction ... |
CRH confirms watchdog search at Platin works18 May 2015, Published under Cement NewsCRH has confirmed its Platin works in Ireland, owned by its subsidiary Irish Cement, has been searched by the Competition and Consumer Protection Commission. “Irish Cement fully facilitated the inspection and is continuing to co-operate with the Competition and Consumer Protection Commission. Inspections regarding competition policies, procedures and practices are an accepted part of the business environment around the world. “Irish Cement operates to the highest business standards across ... |
Cemex to double capacity at Luzon cement plant, Philippines15 May 2015, Published under Cement NewsCemex announced yesterday that it is undertaking a new US$300m investment in the Philippines involving the construction of a new 1.5Mta line at is Solid Plant in Luzon. The investment will double the capacity of the Solid plant and will represent a 25 per cent increase in Cemex's capacity in the Philippines. With the recent visit of Fernando A. Gonzalez, Chief Executive Officer of Cemex and his executive team in the country, highlighted by a meeting with His Excellency President Benigno S.... |
Eagle Materials helped by addition of oil & gas15 May 2015, Published under Cement NewsIncluding its share of the jointly-owned Texas Lehigh Cement, the turnover of Eagle Materials for the financial year to the end of March advanced by 18.1 per cent to US$1192.6m. Of this total turnover, cement represented 40.2 per cent, plasterboard accounted for 36.7 per cent, aggregates & concrete for 9.0 per cent, plasterboard liner for 7.3 per cent and oil & gas for 6.8 per cent. The trading profit rose by 34.6 per cent to US$302.30m, helped by the first significant contribution from oi... |