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Martin Marietta elects new board members
Written by Global Cement staff
17 August 2016
US: Martin Marietta Materials has elected two new directors to its board. John J Koraleski, former Chairman of the Board of Directors and CEO of Union Pacific Corporation, was elected to Martin Marietta's Board of Directors on 15 August 2016. Koraleski, aged 65 years, also served as Executive Chairman of the Board of Directors for Union Pacific from February 2015 until his retirement in September 2015. Koraleski will serve on Martin Marietta's Audit Committee, Management Development and Compensation Committee, and Executive Committee.
At its Annual Meeting of Shareholders in May 2016, Donald W Slager was elected to Martin Marietta's Board of Directors. Slager, aged 54 years, is President and CEO of Republic Services, as well as a member of its Board of Directors. Slager will serve on Martin Marietta's Finance Committee and Ethics, Environment, Safety and Health Committee.
The two new directors fill the seats previously held by Frank H Menaker, Jr and Richard A Vinroot, both of whom reached the mandatory retirement age provided in Martin Marietta's bylaws. They were not eligible for election at the 2016 Annual Meeting of Shareholders and retired from the Board after 23 and 20 years of service to the company, respectively.
Martin Marietta's 10-member Board of Directors now consists of nine outside directors.
Vivek Bhatia appointed CEO of ThyssenKrupp Asia Pacific
Written by Global Cement staff
17 August 2016
Germany: Vivek Bhatia has been appointed as the CEO of ThyssenKrupp Asia Pacific with effect 1 October 2016. He succeeds Stefan Schmitt, who will move to ThyssenKrupp AG as Head of Human Resources Strategy.
Bhatia, aged 38 years, has been Head of Strategy, Markets and Development at the Regional Headquarters in Singapore since May 2014. Prior to this he advised industrial businesses on their strategy and operations, as part of the Boston Consulting Group for several years. He earlier gained experience in the oil and gas Industry as part of Engineers India.
Australia: Australian Bauxite has completed its second and largest shipment of cement-grade bauxite, comprising 35,913t, from its Bald Hill mine.
“We have now demonstrated to all our customers that we can load and ship large tonnage cargos of bauxite very efficiently from Bell Bay Port. It also demonstrates that our stockpiles of bauxite performs very well, having withstood the recent major floods in northern Tasmania, without degrading. This is another landmark step for the company,” said Australian Bauxite’s Chief Operating Officer, Leon Hawker.
The mining company intends to sell its bauxite products into three main markets including cement-grade bauxite for the production of high specification cement. It re-opened its Bald Hill Bauxite Project at Campbell Town in northern Tasmania in early August 2016 ahead of the scheduled date.
Arabian Cement to build US$9m petcoke mill 16 August 2016
Egypt: Arabian Cement plans to build a US$9m petcoke mill for its cement plant. It is preparing all the necessary legal and financial requirements for the project. The new mill will help the cement plant reduce its operating costs.
Holcim Indonesia builds terminal in Lampung 16 August 2016
Indonesia: Holcim Indonesia has built a cement terminal in Lampung at a cost of US$30.6m. The 4.7 hectare facility will be able to process up to 1Mt/yr of cement. Holcim Indonesia’s Finance Director Mark Schmidt said that the company plans to operate the terminal in near time, according to the Jakarta Globe. The cement producer wants to use the terminal to strengthen cement sales and distribution in Lampung and South Sumatra.