28 July 2015
India: Century Textiles and Industries has posted a net loss of US$4.53m for the first quarter of its 2016 financial year, which ended on 30 June 2015. During the period, its net profit was US$10.4m and its sales rose by 5.59% to US$304m. Its cement division registered sales of US$175m, up from US$158m in the first quarter of its 2015 financial year.
Thailand: Executives from 50 administrative bodies in Nakhon Ratchasima Province have discussed how to dispose of 638,060t of accumulated garbage. A report on 'proper and practical methods' for disposal of the rubbish must be sent to the Office of Natural Resources and Environmental Policy and Planning by 30 July 2015.
The Comptroller-General's department has calculated that Nakhon Ratchasima will need US$6.19m in the 2016 fiscal year to dispose of the accumulated trash. Ranongrak Suwanchawee, president of the Nakhon Ratchasima Provincial Administrative Organisation, said that officials had agreed to transport and dispose of the garbage at a TPI Polene cement plant in Saraburi Province. This meant 29,000 trips to carry the trash in trucks plus the digging and levelling of a tip. The organisation has estimated that Nakhon Ratchasima would need a budget of about US$7.33m, slightly more than the department calculated.
Twiga cement trains block makers 28 July 2015
Tanzania: Tanzania Portland Cement Company Limited (TPCC) has recently conducted a training seminar for 250 cement distributors and block makers from Dar es Salaam to improve efficiency. The training was aimed at strengthening safety at work, improving the quality of blocks produced and enhancing efficiency in the production process to meet the growing market demand in the country, according to East African Business Week.
"Twiga Cement will continue to conduct similar trainings for block makers throughout the country. This is part of our effort to create awareness in the industry," said TPCC's commercial director, Simon Delens. He said that construction continues to grow with an increasing demand for blocks. "This is part of the firm's contribution to our local employment market. We have been a part of it for 46 years now as we want to build a strong nation," said Delens.
India: Ambuja Cements has reported a 45% fall in its standalone net profit to US$35.4m for the first quarter of its 2016 financial year, which ended on 30 June 2015. Its total standalone income fell by 8% year-on-year to US$392m. Ambuja's board has approved the amalgamation of its wholly-owned subsidiary, Dirk India Pvt Ltd, with the company with effect from 1 April 2015. The move is now subject to the approval of shareholders, the High Court and appropriate authorities.