Global Cement News
Search Cement News
John Castello Branco replaces Pedro Queiroz Pereira as CEO of Semapa
Written by Global Cement staff
03 June 2015
Portugal: João Castello Branco will replace Pedro Queiroz Pereira as the CEO of Semapa. In a company statement, Pedro Queiroz Pereira announced that he would propose João Castello Branco to the board of directors in July 2015 for the post as well as for appointment to the post of chairman of the executive committee. Pedro Queiroz Pereira intends to remain as chairman of the board of directors. João Castello Branco works currently as a senior director at McKinsey Iberia.
Mystery company to build grinding plant in Kenya 02 June 2015
Kenya: An unnamed company filed with the National Environment Management Authority (Nema) to build a new grinding plant in western Kenya on a 202,343m2 piece of land. It is projected to produce 730,000t/yr of cement.
"The plant will increase cement production in Kenya by 2000t/day. With the exception of clinker that will be imported into the country, all the other raw materials will be mined locally," said the unnamed company in its filling with Nema.
Ramco Cements reports 274% rise in Q4 profit 02 June 2015
India: Ramco Cements has reported that its quarterly profits rose by 274% to US$14.6m due to better cost management and stable cement prices. Revenues grew marginally by 1.2% to US$156m. The company sold 1.88Mt of cement during the fourth quarter of 2015, down from 2.25Mt in the same quarter of the previous financial year.
For the fiscal year that ended on 31 March 2015, Ramco Cements achieved a profit of US$37.9m, a rise of 76% and a revenue of US$584m. It sold 7.67Mt of cement compared to 8.59Mt in the previous financial year.
"Our ability to manage costs and stable cement prices helped us in better financial performance," said A V Darmakrishnan, managing director and CEO of Ramco Cements. Forecasting demand for the current fiscal year, he said, "We are cautious and will wait."
Operating costs decreased because of cost reduction initiatives and falling fuel prices. However the reduction in costs was offset by an increase in royalty on limestone from US$0.986/t to US$1.25/t with effect from 1 September 2014.
Ramco Cements installed a new 0.95Mt/yr grinding plant in Gobburpalam Village, Vishakapatnam and commissioned it in March 2015.
LafargeHolcim merger reaches final stage 02 June 2015
Europe: Following the clearance from the Autorité des Marchés Financiers (AMF) on 28 May 2015, Holcim launched the public exchange offer for all Lafarge shares at an exchange ratio of 9 Holcim shares for 10 Lafarge shares on 1 June 2015. Through acceptance of the public exchange offer, Lafarge shareholders will pave the way for the creation of LafargeHolcim.
The public exchange offer will be open for 25 trading days until 3 July 2015. With this public exchange offer, Lafarge and Holcim are implementing the final step of their project to merge the two companies. The merger is expected to close in July 2015.
Three die in cement silo collapse in Brazil 02 June 2015
Brazil: Three workers were killed and three others injured in the collapse of a cement silo on 30 May 2015 at the construction site of the Belo Monte hydroelectric power plant in the Brazilian Amazon. The accident occurred while a truck was delivering cement to the silos in the area where construction materials are stored, according to the Belo Monte Construction Consortium (CCBM).
Three workers at the silo were pulled out and sustained minor injuries. Emergency services personnel searched the silo's rubble for the bodies of the other three workers and found them nearly 15 hours after the operation started. The CCBM's medical personnel treated the injured workers at the scene and then transported them to the city hospital in Altamira. Pará State police are investigating the collapse of the 500t capacity silo. The consortium's management will cooperate with the investigation 'with all the effort possible,' said the CCBM.
Construction of Belo Monte, a controversial power project in the middle of the world's largest rainforest, has been halted several times due to strikes by employees unhappy with working conditions and protests by groups opposed to the hydroelectric plant. Work on Belo Monte, which will be the world's third-largest hydroelectric power plant, started in March 2011 in Altamira, Pará, despite opposition from farmers, fishermen and environmentalists, who fear the project's impact on the Amazon. Between 16,000 and 25,000 people had to be moved to make way for the US$10.6bn project, according to different estimates. Belo Monte is being built on the Xingu River, a tributary of the Amazon and will flood 506km2 of jungle. The hydroelectric power plant will have an average generating capacity of 4571MWhr and will reach peak production of 11,233MW in the periods when the river rises.