News

The Nawalparasi district in Nepal is seeing a major influx of investment in new cement production plants, totalling NPR 65 billion (€529.12 million/US$595.63 million) thus far.

Domestic player Sarbottam Cement plans to turn out 1,500tonnes/day starting mid-April 2016, when it launches two new brands.

China-based Hongshi Holdings Group and Shivam Holdings Nepal are in a 70:30 joint venture Hongshi-Shivam Cement, establishing a NPR 30 billion plant near Dumkibas and Sardi that will be the country's lar

ZCCM Investments Holdings of Zambia will partner with private investors to build a cement factory and a 52MW thermal power plant costing US$500 million (€444.17 million) in Ndola.

The company will allocate 30-35MW from the power station for the cement plant and sell the remaining electricity to Zambia Electricity Supply Corporation (ZESCO).

The two projects are expected to provide more than 1,000 job opportunities.

In Oman, a factory of 25,000m² in Samayil has been unveiled by Oman-based stone supply and installation contractor Natural Stone.

The state-of-the-art plant of Al Ansari Trading's arm is the biggest of its kind in the country.

French cement company, Lafarge, has decided to temporarily put on hold the necessary procedures required to expand its limestone extraction activities in Sagunto (Spain).

This is due to uncertainties generated by the obstacles created by the new local government and the lack of other viable alternatives.

Astec Mobile Screens (KPI-JCI and Astec Mobile Screens) has been recognised for achieving a superior safety rating for Astec Industries’ companies in 2015.

At the time of the award, the company had gone 745 days without a recordable accident for its 100 associates employed at the manufacturing facility, according to Tim Gonigam, president of Astec Mobile Screens.

Astec Mobile Screens is one of three Astec Industries’ companies that make up KPI-JCI and Astec Mobile Screens, and manufactures equipment

Sandvik’s head of HR Anna Vikström Persson is to leave the Swedish giant .

Persson will officially resign from her position as executive vice president and head of group function human resources (HR) on 1 June 2016.

“Anna Vikström Persson has developed the HR organisation and its operations in a significant way during challenging years for Sandvik. I have appreciated working with Anna and want to thank her for her valuable contributions. I wish her good luck in her future career,” says Björn Rosengr

The Imerys group reported a turnover exceeding €4 billion in 2015, up 10.8%, with a €538 million operating income, up 9%.

However, at constant scope, income receded by 4%, while net income stood at €68.4 million, compared to €272 million in 2014.

Indeed, Imerys froze activity in its plants focusing on oil customers, as the fall in oil prices led the French industrial minerals producer and processor to losing €209 million in its oil solutions division.

The group was more fortunate with its car divis

Post-tax profit of DG Khan Cement, one of the leading cement producers in Pakistan, in July-December 2015 increased 20% on-year from PKR 3.39 billion (€28.84 million/US$32.46 million) to PKR 4.08 billion.

Net profit of the company in October-December 2015 increased 5.35% from PKR 2.24 billion to PKR 2.36 billion. Revenue of the company during the quarter increased 8% on-year to PKR 7.39 billion.

The company says it it will deploy the Oracle Enterprise Resource Planning (ERP) Cloud for improving its gr

Fauji Cement of Pakistan posted an on-year increase of 67% in net profit to PKR 2.77 billion (€23.56 million/US$26.53 million) for July-December 2015.

The amount of deliveries increased in October-December 2015 by 24% on-quarter to 751,000tonnes, resulting in a turnover increase of 27%.

Net profit of the company in the same three-month period increased 52% on-quarter from PKR 1.1 billion to PKR 1.67 billion.

Cementir Holding, the Italian cement and construction materials specialist, has approved its 2015 preliminary results.

The company has achieved an EBITDA of €194.40 million, up by 1.3% and above the €190 million target; operating profits of €98.5 million, down by 5.3%, and revenues of €969 million, up by 2.2%.

Net debts were also on target at €222.1 million, down by €56.2 million to €278.3 million. Improvements in Italy and in the Scandinavian countries, together with the constant contribution from th

Cement producer Tasek of Malaysia registered a 7% year-on-year increase in its revenue from MYR 656 million (€140.42 million/US$158.07 million) to MYR 702.5 million in 2015, while its pre-tax profit decreased from MYR 136.32 million to MYR 119.82 million.

Revenue and net profit reported by Tasek in October-December 2015 alone stood at MYR 188.40 million (up 8.9%) and at MYR 18.47 million (down 33%), respectively.

The company attributed its weaker profit in 2015 to increased production costs and intens

The Industrial Development Authority (IDA) in Egypt will issue licences for setting up cement factories in El-Wadi el-Gedid, Beni Suef, Qena, South Sinai, Aswan, Sohag, Minya, Marsa Matrouh and Suez governorates in Egypt.

The bids deadline have been set on 10 May, 2016.

So far, a total of 37 companies have applied for the coal-fired cement plants' licenses. The plants will have capacities of 2 million tonnes/year.