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David Mariner to step down as head of Boral North America
Written by Global Cement staff
20 May 2020
US: David Mariner plans to step down as president and chief executive officer (CEO) of Boral North America at the end of May 2020. He then plans to leave Boral altogether at the end of June 2020 following a decade with the company. Darren Schulz, currently the president of Boral Roofing North America, will become the acting president and CEO until a successor is appointed. The final decision on a permanent head for Boral North America will be made by Boral’s new CEO and managing director. However, the board of Boral is also looking for a new CEO, following Mike Kane decision to retire earlier in 2020.
Lin Rong elected as chairman of Jiangxi Wannianqing Cement
Written by Global Cement staff
20 May 2020
China: The board of directors of Jiangxi Wannianqing Cement has elected Lin Rong as its chairman. The 48-year old economist has previously worked for Xingang Group as well as Xinyu Iron and Steel Group.
François de Gliniasty appointed as Technical & Commercial Promoter by Hoffmann Green Cement Technologies
Written by Global Cement staff
20 May 2020
France: Hoffmann Green Cement Technologies has appointed François de Gliniasty as Technical and Commercial Promoter for the Ile-de-France region. The 45-year old holds over 25 years of experience in sales, marketing and logistics. He began his career at Lapeyre, part of Saint-Gobain Group, in sales and was then Logistics Manager from 2000 to 2005. He was then appointed as the Lapeyre Group’s Organizations Manager for the Rhône-Alpes and Provence-Alpes-Côte d’Azur regions of southeast France. Since 2008, he has been in charge of sales development for the Paris region at WEDI France.
UltraTech Cement’s sales fall by 13% to U$1.40bn in fourth quarter due to coronavirus lockdown 20 May 2020
India: UltraTech Cement’s sales have been negatively affected by coronavirus-related lockdowns in the fourth quarter of its financial year. Its net sales fell by 13% year-on-year to US$1.40bn in the quarter to 31 March 2020 from US$1.61bn in the same period in 2019. The cement producer was forced to shut down certain plants in March 2020, usually one of the busiest months of the year. Plants started to reopen in late April 2020.
The cement producer’s annual net sales rose slightly to US$5.48bn in the financial year to 31 March 2020. Its profit before interest, depreciation and tax (PBIDT) grew by 27% year-on-year to US$1.31bn from US$1.03bn. It also reported that it reduced its net debt and earnings before interest, taxation, depreciation and amortisation (EBITDA) ratio to 1.7 from 2.83.
Tanzania: Huaxin Cement has announced the completion of its acquisition of Kenya-based Athi River Mining (ARM) Cement’s Tanzanian subsidiary Maweni Limestone. Reuters has reported that Huaxin Cement will invest US$30m in completing upgrades to the company’s plants in addition to an investment of US$116m to settle Maweni Limestone’s debts.