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Italy: Industry minister Carlo Calenda has said he is a ‘little’ worried about the intentions of HeidelbergCement to reduce its business in Italy after it buys Italcementi. The government is negotiating with HeidelbergCement about the purchase and it has confirmed its readiness to support investments, according to the Il Sole 24 Ore newspaper. The government has also asked the German construction materials producer to make a wish list and has launched a series of meetings.
Rioters attack Dangote cement plant in Ethiopia 05 October 2016
Ethiopia: Rioters have set fire to trucks and machinery at the Dangote cement plant at Ada Berga in Oromia, according to the Ethiopian state broadcaster Fana. The riots have followed the deaths of at least 55 people in a stampede at a local religious festival on 2 October 2016. Regional government offices were also set on fire and a police station was stormed during the fracas.
Wonder Cement appoint Sailesh Mohta as president of marketing
Written by Global Cement staff
05 October 2016
India: The board of directors of Wonder Cement, a part of the RK Group, has appointed Sailesh Mohta as President (Marketing). Mohta will report into JC Toshniwal, Managing Director, according to Asian News International. Mohta will oversee strategic business partnerships and develop tactical policies aimed at augmenting the national presence of the brand, identifying potential markets, implementing a conducive growth stratagem and generating a significant share of voice in the marketplace.
Since 2010, Mohta has served as the president of Binani Cement. He holds a bachelor's degree in commerce from the University Of Mumbai and a chartered accountancy degree from the Institute of Chartered Accountants of India. He is also a member of Multi Commodity Exchange of India and National Spot Exchange.
Summit Materials appoints Noel R Ryan III as Vice President, Investor Relations
Written by Global Cement staff
05 October 2016
US: Summit Materials has appointed Noel R Ryan III as its new Vice President, Investor Relations. Ryan has more than 15 years’ experience in the investor relations and capital markets industries, most recently serving as Vice President and Head of Investor Relations & External Communications for Calumet Specialty Products Partners, a publicly traded producer of specialty hydrocarbon and fuels products.
Previously, Ryan served as head of the investor relations function at Delek US Holdings and as head of corporate communications at QEP Resources. Prior to these roles, he was Executive Director and Co-Head of the Financial Communications Practice Group at a nationally-ranked investor relations consultancy. Ryan began his career in US equities research at Banc of America Securities. He holds a Bachelors of Arts degree from the University of California, Berkeley.
More Maggi noodles to burn in cement kilns 04 October 2016
India: The Supreme Court has approved Nestlé India and Food Safety and Standards Authority of India (FSSAI) to destroy 550t of recalled stocks of Maggi noodles, which had passed their shelf life, in the kilns of cement plants. Queries on the disposal of the noodles had been raised by FSSAI. Previously, Nestlé India recalled stocks of Maggi noodles and destroyed around 38,000t of the product in 2015. Ambuja Cement was reportedly paid at the time to use the noodles as an alternative fuel.