31 July 2015
Nigeria: Dangote Cement's pre-tax profit in the first half of 2015 rose by 20.2% year-on-year to US$646m, according to Reuters. Its revenue rose to US$1.22bn from US$1.05bn in the same period of 2014.
Italy: Italcementi has reported a profit of Euro3.8m in the first half of 2015 compared to a loss of Euro79m in the same period of 2014. Its revenue rose by 6% to Euro2.17bn, while earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 5% to Euro324m. The company expects a slight improvement in operating results in the entirety of 2015.
US: In November 2015 Fenner Drives will launch PowerTwist Wedge Belts, a long-lasting upgrade to rubber wedge belts.
As the only twist-lock belt available in a wedge profile, PowerTwist Wedge Belts are engineered to combine the performance of a rubber wedge belt with the added-value design of link belting. PowerTwist Wedge Belts will be available in SPA and SPB profiles. The link design of PowerTwist allows for simple inventory management with easy, fast installation even on captive or fixed center drives. With a high resistance to abrasion and shock loads, PowerTwist is constructed to withstand extreme temperatures and is unaffected by oil, grease, water and common industrial solvents. PowerTwist Link Belting is the proven choice for a variety of industrial power transmission applications including cement, mining, aggregate, metal manufacturing, forestry and any wedge or V belt applications.