September 2024
Calgon Carbon appoints Steve Schott as president and CEO 01 August 2018
US: Calgon Carbon has appointed Steve Schott as its president and chief executive officer (CEO) with effect from 3 August 2018. Schott will replace Randy Dearth, who announced he was leaving the company after six years.
Schott joined Calgon Carbon in 2007 as Executive Director of Finance. In 2010 he was promoted to Vice President and Chief Financial Officer with responsibility for all corporate financial functions. In 2015 he was promoted to Executive Vice President, Advanced Materials, Manufacturing, and Equipment. In this role, he also has responsibility for the company’s European operations, where Calgon Carbon is known as Chemviron.
Prior to joining Calgon Carbon, Schott spent eight years at DQE, a conglomerate whose primary business was electric energy. During his tenure, he held various positions including Controller, Vice President of Finance and Chief Financial Officer. Schott also spent 15 years at Deloitte & Touche where he was a senior manager in the auditing practice. He holds a B.S. in Business Administration from Duquesne University.
Lucky Cement’s profit down as costs mount 01 August 2018
Pakistan: Lucky Cement’s profit has fallen as its cost of sales including coal, other fuels and packing materials have risen. Its standalone profit after tax fell by 10.9% year-on-year to US$98.3m in the financial year that ended on 30 June 2018 from US$110m in the same period in 2017. Its gross sales rose by 9.4% to US$543m from US$497m. Cement and clinker sales volumes rose by 9.3% to 7.82Mt from 7.15Mt with increases in both local and export sales.
India: The Industries Department of Himachal Pradesh is preparing to allow construction work to start at a new cement plant at Sikridhar in the Chamba district in September 2018. The project is a long running scheme from the local government that was first mooted in 2002, according to the Times of India newspaper. The project has been linked to various companies previously including Jaiprakash Associates.
Philippines: Big Boss Cement is considering procuring a mill for its new US$215m plant project from European equipment manufacturers including Denmark’s FLSmdith, Germany’s Gebr. Pfeiffer and Germany’s Loesche. Ishmael Ordonez, vice-president of the cement producer, said that a vertical roller mill would take up less space than the horizontal mill it was currently using from a Chinese supplier, according to Inside International Industrials. The company is set to start production at a new plant in Porac in Pampanga in August 2018. However, it is planning to expand the production capacity at the unit based on anticipated demand.
RHI Magnesita to merge operations in India 01 August 2018
India: RHI Magnesita plans to merge its three local subsidiaries, RHI India and RHI Clasil with Orient Refractories. On completion of the proposed merger RHI Magnesita will own about 70% in Orient Refractories which will be renamed RHI Magnesita India. The transaction is expected to be complete by mid-2019.
“The proposed merger of our Indian subsidiaries marks an important milestone towards expanding RHI Magnesita’s market leadership in the refractory market in India. One strong, integrated organisation and management will increase long term value for all stakeholders and efficiently combine resources and capabilities. This merger will significantly enhance the profile of RHI Magnesita in India and creates a stronger foundation to tap the immense growth potential we see in the Indian market,” said Stefan Borgas, chief executive officer (CEO) of RHI Magnesita.
Orient Refractories is currently 70% owned by RHI Magnesita. It is a manufacturer and supplier of special refractory products, systems and services for the steel industry. RHI India, a wholly-owned RHI Magnesita subsidiary, is the local sales company of RHI Magnesita group offering a range of refractories and related services sourced from various RHI Magnesita group entities to Indian customers. RHI Clasil is 53.7% owned by RHI Magnesita. It is a manufacturer and supplier of mainly alumina-based refractories for steel and cement.
This merger is part of RHI Magnesita’s strategic pillar ‘markets’ that focuses on building a global presence with strong local organisations and solid market positions. India’s growth prospects in the refractory market derive primarily from the steel sector, which is RHI Magnesita’s largest customer industry.
Once the merger is complete the new company will operate two production plants and employ over 700 workers. The proposal is subject to shareholder and regulator approval.
Germany: HeidelbergCement’s revenue from its cement business fell by 2.5% year-on-year to Euro4.16bn in the first half of 2018 from Euro4.27bn in the same period in 2017. Despite this, its cement sales volumes grew by 3% to 61.9Mt from 60.1Mt due to growth in its Asia-Pacific and Africa-Eastern Mediterranean Basin, Northern and Eastern Europe-Central Asia areas. Across all business lines its sales revenue rose slightly to Euro8.43bn from Euro8.39bn although the group said it rose by 6% on a like-for-like basis. Its profit increased by 20.2% to Euro435m from Euro362m.
“The growth of revenue and sales volumes in all business lines reflects the strong market dynamics. All in all, we could significantly improve the profit also in the second quarter. The strong operational development, lower restructuring charges and a further reduction in financing costs more than compensated for the increasing cost inflation and negative exchange rate effects,” said Bernd Scheifele, chairman of the managing board. He added that a ‘solid’ development of results in the second quarter indicated a positive trend reversal after a weather-related difficult start of the year.
By region, in Western and Southern Europe the group’s cement and clinker sales volumes rose by 5.3% to 15.1Mt due to the acquisition of Cementir in Italy and the good development of sales volumes in Spain. In its Northern and Eastern Europe-Central Asia area, sales volumes fell by 4% to 11.5Mt due to bad weather. In North America its sales volumes decreased by 2.3% to 7.4Mt due to bad weather and the sale of its white cement business. In Asia-Pacific sales volumes rose by 5.4% to 17.5Mt with growth noted in Indonesia. Finally, in the group’s Africa-Eastern Mediterranean Basin area sales volumes grew by 6.4% to 9.9Mt driven by markets in Sub-Saharan Africa.
Vietnam: SCG Vietnam’s sales revenue rose by 20% year-on-year to US$639m in the first half of 2018. The subsidiary of Thailand’s SCG reported faster sales growth in the second quarter of 2018, according to the Viet Nam News newspaper. Sales increased by 28% year-on-year to US$371m in the second quarter.
Turkey exported US$124m worth of cement in 2017 31 July 2018
Turkey: İsmail Bulut, the head of the Turkish Cement Manufacturers Association (TÇMB), says that the local industry exported US$124m of cement in 2017. He told the Daily Sabah newspaper that the sector has a production capacity of 81Mt/yr. TÇMB data shows that it exported 7.98Mt of cement in 2017 to nearly 100 countries. The top destinations for Turkish cement included Syria, the US, Israel and Ghana. It also exported 4.93Mt of clinker led by Ghana, Colombia, Ivory Coast and Guinea. Despite the high levels of exports, the country also imported relatively small amounts of clinker for Greece and Bulgaria in 2017.
Colombia: Data from the National Administrative Department of Statistics (DANE) shows that cement production declined by 1.2% year-on-year to 5.96Mt in the first half of 2018. However, production has improved since 2017 with the annual production from July 2017 to June 2018 being 12.2Mt, a decrease of 0.5% year-on-year, compared to a fall of 5.9% for the previous 12 months.
INC Vallemi cement plant paralysed by fuel shortage 31 July 2018
Paraguay: Industria Nacional del Cemento’s (INC) Vallemi cement plant has been paralysed by a coke shortage. All operations at the unit’s clinker kiln have been suspended, according to the Ultima Hora newspaper. The producer is still making cement deliveries but its clinker stocks have fallen to below 30,000t. The company reportedly only has fuel oil left for one day and sufficient coke for one day of full operation. It is awaiting the arrival of a 6000t consignment of coke.