Global Cement News

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.

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.

Pakistan: Thatta Cement has appointed Mohammad Abid Khan as its company secretary. He succeeds Shabid Yaqoob who has stepped down from the role.

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.

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.