11 September 2015
Polish cement production falls by 2.3% in August 2015 11 September 2015
Poland: Cement production in Poland decreased by 2.3% year-on-year to 1.47Mt in August 2015, while sales increased by 0.7% to 1.47Mt, according to the Poland's Cement Producer Association. In the first eight months of the year, cement production grew by 1.4% year-on-year to 10.3Mt, while sales grew by 2.1% to 10.5Mt.
Cementos Argos included in the DJSI for the third consecutive year 11 September 2015
Colombia: The Dow Jones Sustainability Index (DJSI) has selected Cementos Argos one of the three most sustainable cement companies in the world. For the third consecutive year, the company was included in the World and Emerging Markets Indices.
For the economic dimension, Argos obtained the highest score in the industry, nearly doubling its average score. It was also the best-placed company for aspects such as transparency, compliance and conduct, risk management and supply chain. For the social dimension, it got the best score for human capital development and social reporting. Finally, for the environmental dimension, it scored best in biodiversity, water-related risks and international production standards.
"This recognition truly reflects Argos' spirit. The conviction of doing work that is carried out comprehensively and delicately in order to find a balance between social, economic and environmental aspects and, through our efforts, taking the lead in building a better society in the countries in which we operate," said Jorge Mario Velásquez, Cementos Argos' CEO.
Beumer exhibits at CeMAT Russia 11 September 2015
Russia: Germany's Beumer will exhibit its range of space-saving, fully-automatic palletising robots at CeMAT Russia, which runs from 22 to 25 September 2015 in Moscow. Its new stretch hood model range, which has been optimised for greater efficiency, is part of Beumer's enhanced product offering.
Maple Leaf Cement posts US$33.6m profit 11 September 2015
Pakistan: Higher volumetric sales and lower coal prices helped Maple Leaf Cement beat market expectations as the company boosted its profits by 22% to US$33.6m during its 2015 financial year that ended on 30 June 2015.
Maple Leaf Cement's revenue grew by 9.2% year-on-year to US$199m. The growth in earnings was due to higher dispatches and expansion in margins. Monetary easing and deleveraging helped ease Maple Leaf Cement's finance cost, which was US$9.59m, down by 26% from US$14.4m in its 2014 financial year. The company has announced a plan to invest US$47.9m in Maple Leaf Power Limited to set up a 40MW coal-fired power plant.
Germany/Italy: Italcementi's CEO Carlo Pesenti said that the acquisition of Italcementi by HeidelbergCement is expected to be completed in the first half of 2016, according to Dow Jones. September 2015 will be dedicated to speaking to European and national regulators to receive approval for the deal. Pesenti said that he will join the supervisory board of HeidelbergCement and plans to keep an active role in the company.