September 2024
Janusz Miluch appointed as chief executive officer of Cement Ożarów 13 February 2019
Poland: Cement Ożarów has appointed Janusz Miluch as its chief executive officer (CEO). He succeeds Andrzej Ptak, who retired at the end of December 2018, according to Wirtualny Nowy Przemysl.
Guillermo Rojo de Diego appointed general manager of Trinidad Cement 13 February 2019
Trinidad: Trinidad Cement has appointed Guillermo Rojo de Diego as the general manager. He succeeds Rodolfo Martinez, who held the position from mid-2017. Martinez will take up another role with Cemex, the owner of Trinidad Cement.
Thatta Cement appoints Mohammad Abid Khan as company secretary 13 February 2019
Pakistan: Thatta Cement has appointed Mohammad Abid Khan as its company secretary. He succeeds Shabid Yaqoob who has stepped down from the role.
Ashwani Kumar appointed as director of Gujarat Sidhee Cement 13 February 2019
India: Gujarat Sidhee Cement has appointed Ashwani Kumar as an independent non-executive director. Kumar, aged 60 years, has worked for over 37 years in the banking sector for Allahabad Bank, Corporation Bank and Dena Bank. He holds post graduation qualifications in chemistry and is a certified associate of the Indian Institute of Bankers.
Thai demand for cement forecast to grow in 2019 13 February 2019
Thailand: Fitch Ratings forecasts that demand for cement will rise due to recovery in the private construction sector. It is expected to grow by over 5% in 2019, according to the Bangkok Post. Cement sales rose by 3.7% year-on-year in the third quarter of 2018, the first quarterly growth in 10 quarters. Data from the Office of Industrial Economics showed that this was followed by a rise of 2.8% in the fourth quarter of 2018.
The forecast said that local cement producers were expanding regionally due to domestic oversupply and a profitability gap between domestic sales and exports. Government infrastructure projects are expected to continue to drive sales, with nearly US$100bn planned on projects from 2018 to 2026.
HeidelbergCement India’s sales grow 13 February 2019
India: HeidelbergCement India’s sales rose by 11.9% year-on-year to US$222m in the nine months to 31 December 2018 from US$202m in the same period in 2017. Its expense increased by 3.5% to US$193m from US$186m. Its net profit nearly doubled to US$22.6m. The cement producer reported a strong third quarter of its 2017 – 2018 financial year due to improved construction activity in central India.
Gujarat Sidhee Cement makes loss so far in 2018 13 February 2019
India: Gujarat Sidhee Cement’s revenue grew by 2.3% year-on-year to US$57.5m in the nine months to 31 December 2018 from US$56.2m in the same period in 2017. It made a loss of US$1.66m compared to a profit of US$1.87m previously. Its costs rose by 13% to US$62m from US$55m, in part due to the cost of raw materials.
Cementos Pacasmayo grows sales in 2018 13 February 2019
Peru: Cementos Pacasmayo’s sales rose in 2018 due to higher sales to medium-sized companies, the self-construction sector and the public sector. The cement producer said that this was the first year it had reported growth after five years of ‘flat’ volumes. Its sales rose by 3.5% year-on-year to US$379m from US$366m. Cement production increased by 2.6% to 2.35Mt from 2.29Mt and clinker production increased by 4.7% to 1.72Mt from 1.64Mt. Its consolidated earnings before interest, taxation, depreciation and amortisation (EBITDA) increased 14.7% to US$112 from US$97.2m.
UAE: Arkan Building Materials has sold the closed Emirates Cement plant for US$13.6m, according to Mubasher. The unit was originally closed in late 2016 on a temporary basis due to rising gas and electricity costs. It later decided to permanently close the plant. The company continues to run its Al Ain Cement plant.
US: Port Manatee in Florida has received its first shipment of raw materials for cement production. The Osprey I delivered 47,650t of raw materials from Europe as part of a deal with Carver Companies to renovate the port. As part of the agreement arranged in mid-2018, Carver has renovated a 7.5 hectare cargo facility with deep-water access, including the rehabilitation a 425m conveyor system on the leased site.