09 September 2015
Cementos Argos launches brand in Puerto Rico 09 September 2015
Puerto Rico: Colombia's Cementos Argos has launched its brand in Puerto Rica following the purchase of a cement terminal in May 2015.
"Through this new receipt, storage and distribution terminal, we are making all of our experience, knowledge and innovation available to the local market. All of these elements together, in combination with our personalised technical advice and industrial professionalisation programmes, make up Argos' value promise: Support and accompaniment," says Mauricio Ossa, the vice president for Cementos Argos' Caribbean and Central American regional division.
On 1 May 2015 Argos took over the management of the terminal and began an integration to efficiently align the new operation with its existing structure and thus ensure unification processes and services. The terminal boosts the creation of synergies with the company's existing operations, further driving trading activities that were already on the rise.
"Puerto Rico complements our existing logistics platform, allowing us to efficiently interconnect strategic production assets with our main markets, providing us with an enhanced level of operational flexibility that fits in perfectly with our strategy," said Ossa.
Lucky Cement reports US$119m net profit for 2015 09 September 2015
Pakistan: Lucky Cement has reported a net profit of US$119m for the year that ended on 30 June 2015, some 9.6% higher than in the prior year. On a consolidated basis, Lucky Cement's net profit grew by 15.7% to US$132m for the year that ended on 30 June 2015.
Its net sales revenue improved by 3.9% to US$429m. The increase in net sales revenue was attributed mainly to an increase in sales volumes. Local sales volumes grew by 7% to 4.42Mt, while export sales fell by 4.5% to 2.37Mt.
Lucky Cement has also reported progress on its key foreign and local projects, including its integrated cement plant in the Democratic Republic of Congo, a 660MW supercritical coal-based power project, a 50MW wind farm, the electricity supply to PESCO and a waste heat recovery project at PEZU power plant.
DG Khan releases further details of new Baluchistan cement plant 09 September 2015
Pakistan: DG Khan Cement has signed a contract with Germany's Loesche GmbH to supply complete raw, cement and coal grinding mills for its greenfield cement plant in Lasbella, Baluchistan. The cement grinding mills will be provided by a German company, while Denmark's FLSmidth has been contracted for engineering and equipment, according to DG Khan Secretary Khalid Chohan. The new 9,000t/day plant will be completed with a cost of around US$300m within three years. DG Khan has already signed an agreement with K-Electric for the supply of 40MW of electricity.
LafargeHolcim distributes an exceptional scrip dividend 09 September 2015
Europe: Following the successful completion of the LafargeHolcim merger, an exceptional scrip dividend of one new LafargeHolcim share for every twenty existing LafargeHolcim shares has been distributed to all LafargeHolcim shareholders. At the Extraordinary General Meeting on 8 May 2015, the group's shareholders voted in favour of an authorised share capital increase.
The last date to trade LafargeHolcim shares 'cum' scrip dividend was 7 September 2015. As of 8 September 2015, LafargeHolcim shares have traded 'ex' scrip dividend. The settlement and delivery of the newly issued shares will occur from 10 September 2015. No fractional LafargeHolcim shares will be issued. As a consequence, shareholders entitled to receive a number of LafargeHolcim shares not corresponding to a whole number will receive the rounded-down whole number of LafargeHolcim shares and the balance will be paid in cash. This will take place on 16 September 2015.
An application has been made for admission of the new LafargeHolcim shares to trade on the SIX Swiss Exchange in Zurich and on Euronext Paris. The newly-issued shares of LafargeHolcim will carry the same rights and obligations as the existing LafargeHolcim shares and will be fully assimilated with them.
For the purpose of the scrip dividend, 28,870,252 new LafargeHolcim shares, representing 5% of the LafargeHolcim share capital and voting rights as of 3 September 2015, will be issued.