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Shree Cement commissions 2Mt/yr grinding plant in Uttar Pradesh 02 November 2015
India: Shree Cement commissioned a new 2Mt/yr grinding plant in Bulandshahr, Uttar Pradesh on 30 October 2015.
India: JK Cements has reported a 58% fall in its consolidated net profit to US$2.09m for the quarter that ended on 30 September 2015. However, its total standalone income rose by 5% to US$133m. The company's total expenses grew to US$122m from US$11.7m.
Kumar Mangalam Birla named Vice Chairman of Century Textiles 02 November 2015
India: Kumar Mangalam Birla, Chairman of the US$40bn Aditya Birla Group, has been appointed as Vice Chairman of Century Textiles and Industries. KM Birla is grandson of 94-year-old BK Birla, who is the Chairman of Century Textiles. In BK Birla's absence, KM Birla was chairing the board meetings.
For the quarter that ended on 30 September 2015, Century Textiles posted a net loss of US$3.69m compared to a net profit of US$117,422 for the same quarter of 2014. Total income grew from US$262m in the 2014 quarter to US$299m in 2015.
Egypt: ASEC Cement, a subsidiary of Egypt's Qalaa Holdings, has announced plans to sell its stakes in ASEC Minya and ASEC Ready Mix to Misr Qena Cement for US$125m. The respective stakes are 46.5% and 55%. The deal is expected close on or before 20 November 2015.
Holcim Romania to invest Euro32,000 in vocational education 02 November 2015
Romania: Holcim Romania is officially launching Holcim Workshops, a programme to support vocational education among pupils. The main beneficiaries of this educational programme are the pupils from grades XI and XII in Alexandru Roman High School in Alesd, as well as the Technical High School in Câmpulung Muscel.
After a pilot module delivered in 2015, the programme will be further developed in 2016 and will include a theoretical component and a practical one, throughout five - six weeks. The pupils selected for the practical module will have the opportunity of a hands-on experience in Holcim plants in Alesd and Campulung, some of the most performing and sustainable cement plants within Holcim Group, based on the results of the Holcim Plant Awards, organised every year by Holcim Group.
"Our intention with Holcim Workshops is to support the pupils from the technical high schools in Holcim communities in Romania to become more familiar with the industrial environment. It is important for them to better discover their abilities and skills through in-depth theoretical and practical sessions delivered by our specialists and to gain confidence in their qualities, so as to become more easily integrated to the labour market. The programme also provides an answer to a real challenge felt on the Romanian market, which is the reduced number of skilled craftsmen, in any field of activity, because the number of vocational schools has diminished," said Mădălina Crăciunescu, Organization and Human Resources Director of Holcim Romania.