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News Items filtered by date: 27 August 2019

Items filtered by date: 27 August 2019

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Boral discloses its bad year to June 2019

27 August 2019

Australia: Boral has suffered a decline in full year net profits of 38% to US$184m. This comes following USG-Boral’s statement regarding substantive changes to its gypsum dealings with Knauf.

Published in Global Cement News
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Dangote and CCNN raise profits

27 August 2019

Nigeria: Dangote Cement’s net first half profits have increased by 5.4% to US$329m from US$312m in 2018. The Cement Company of Northern Nigeria have reported a corresponding increase of 163% to US$40,000 from US$15,000.

Published in Global Cement News
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Raysut Cement receives US$50.7m

27 August 2019

Oman: Bank Nizwa has granted US$50.7m to Raysut Cement, the country’s largest cement producer, as part of its commitment to national economic diversification.

Published in Global Cement News
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Athi River cement plant compulsorily acquired from East African Portland Cement Company

27 August 2019

Kenya: The Kenyan government have compulsorily purchased the site of the 0.6Mt/yr Athi River cement plant, which it leased to the East African Portland Cement Company for 945 years in April 1960. The Central Organisation of Trade Unions has complained that the National Social Security Fund, representing workers who held 28% of shares in the plant, was not consulted first. The land will be used for affordable housing, manufacturing and other urban uses.

Published in Global Cement News
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Anti-trust authorities examine Lafarge’s takeover of Somaco

27 August 2019

Romania: The national competition authority stated yesterday that it will investigate LafargeHolcim’s deal with Oresa for the latter’s takeover of the precast concrete producer Somaco. LafargeHolcim assumed the asset in July 2019 at an undisclosed price.

Published in Global Cement News
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Bamburi’s profits slump

27 August 2019

Kenya: Bamburi Cement’s first half profits have declined year-on year by 96% to US$0.22 from US$6.99m. Its Building for Growth strategy has seen the topline hold steady amidst setbacks to demand, including higher operating costs and reduced uptake from the Standard Gauge Railway, one of numerous infrastructure projects impacted negatively by rising tensions between Rwanda and Uganda.

Published in Global Cement News
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Algae pond commissioned for HeidelbergCement’s Morocco cement plant

27 August 2019

Morocco: Morocco’s second largest cement plant in Safi, HeidelbergCement’s largest in the country, is to receive an adjacent algae pond. Environmental innovator Omega Green has estimated the pond’s rate of carbon dioxide removal at 80-100t/yr. The algae can be sold on to food, cosmetics, and animal feed producers.

Published in Global Cement News
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“Loesche
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Acquisition Cemex China Dangote Cement Egypt Export Germany Government grinding plant HeidelbergCement Holcim Import India Lafarge LafargeHolcim Legal Nigeria Order Pakistan Philippines Plant Production Results Russia Sales Saudi Arabia UK Upgrade US Vietnam
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