LafargeHolcim appoints Feliciano González Muñoz as head of human resources
Written by Global Cement staffSwitzerland: LafargeHolcim has appointed Feliciano González Muñoz as its new Head of Human Resources (HR). He takes on the role from 1 May 2018. He will succeed Caroline Luscombe who has decided to pursue opportunities outside of the company. González Muñoz will report to the group’s chief executive officer Jan Jenisch. However, in line with simplification and lean management, the Head of HR will not be a member of the executive committee, bringing it down to eight members.
Currently HR Director for Europe, Feliciano González Muñoz, aged 54 years and who is a Spanish national, has worked for more than 11 years in senior HR roles with the company. Feliciano González Muñoz has a PhD in Law from Universidad Complutense de Madrid and holds an MBA from Instituto de Empresa, Madrid.
Nigeria: Dangote Cement has appointed former Xstrata CEO Mick Davis as a non-executive director alongside Cherie Blair, a lawyer and the wife of ex-UK Prime Minister Tony Blair. The new board appointments are targeted at strengthening the company’s board, according to Bloomberg. While the company did not explain the reason for such high-level appointments, it has been reported that the company is planning to relaunch its bid to be listed on the London Stock Exchange (LSE). According to Bloomberg, Dangote has already approached investment bankers to discuss a potential UK listing.
Davis ran Xstrata, the mining giant now owned by Glencore, for 12 years to 2013. He is now the chairman of Macsteel and the CEO of the UK’s ruling Conservative party. Cherie Blair’s other board positions include Renault SA.
Votorantim to sell Shree Digvijay Cement stake
India: Votorantim Cimentos is rumoured to be selling its 75% stake in Gujarat-based Shree Digvijay Cement as part of its strategy to prioritise assets and reduce debt, according to ‘sources close to the company.’
The news comes as the company struggles amid rising competition among mid-sized Indian cement producers. It made a net profit of US$2.0m in the 12 months to 31 March 2018 from a turnover of US$63.5m. In 2012, before Votorantim took over the company, it made a net profit of US$1.2m from a turnover of US$64.2m.
CK Infrastructure acquires assets in Yunfu City
China: Hong Kong based CK Infrastructure Holdings (CKI) has acquired a 1Mt/yr cement grinding station and three quay berths in Yunfu City, Guangdong, for an investment of US$28.5m. The three berths can handle 3Mt/yr.
The group said it hopes to expand its infrastructure investment portfolio in mainland China. "The acquisition is deemed to be another robust investment with stable returns for CKI," it said in a statement, explaining that demand for cement has been growing on the mainland. "The acquisition of the jetty further realises the vertical integrated production of cement, brings about competitive advantages, and enhances operation efficiency," the statement added.
Pacasmayo revenue rises 12.8% in first quarter
Peru: Cementos Pacasmayo has seen its sales volumes of cement, concrete and blocks rise by 7.8% year-on-year in the first quarter of 2018, primarily due to increased sales volume of cement to the public sector and the self-construction segment. Its revenues increased by 12.8%, also due to higher cement sales, as well as an average cement price increase.
Cementos Pacasmayo’s net income was US$9.22m, a 37.3% increase, mainly due to higher sales and operating profit. Consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) were US$29.2m.
GCC sales up 13.6% in first quarter
Mexico: Grupo Cementos de Chihuahua (GCC) recorded a 13.6% increase in sales in the first quarter of 2018, with US sales up by 11.9% and Mexican sales up by 18.0%. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 46.0%, while its net income rose by 554.6% to US$11.3m.
GGC said that the increases reflect strong cement demand and favourable cement pricing environments in both the United States and Mexico, increased ready-mix demand in Mexico, the effect of Mexican Peso appreciation compared to the US Dollar, and strict control of operating expenses.
Enrique Escalante, GCC's CEO, said, "Our US operations are catching the tailwind from the strong market in 2017 and the benefit of relatively mild winter weather in some of our markets. In Mexico, sales volumes were above our expectations. Our EBITDA margin in Mexico reached an all-time record of 42.7% and US margins were 16.6%, the highest for a first quarter since the 2009 financial crisis."
Mexican cement market to grow by 2-3% in 2018 says Cemex
Mexico: Cemex has predicted that the cement sector in Mexico will grow by 2-3% during 2018. Fernando Gonzalez, CEO, explained that the growth would be due to an increase in residential and commercial construction. He noted that these segments would compensate for an expected reduction in infrastructure works.
China: Anhui Conch Cement’s sales revenue rose by 38% year-on-year to US$2.98bn in the first quarter of 2018 from US$2.16bn in the same period in 2017. Its net profit rose more than doubled to US$757m from US$341m, according to Dow Jones. The rise in sales and profits has been attributed to rising cement prices in smaller cities and demand from the Xiongan New Area project. The cement producer also said that it received a government subsidy of US$18m.
Colombia: The Superintendent of Industry and Commerce (SIC) has confirmed a US$73.5m fine issued against six top executives and cement companies for alleged market collusion. SIC says that Cementos Argos, Cemex and Holcim failed to provide an economically reasonable explanation for similar pricing, according to the El Colombiano newspaper. Cemex has accepted the decision and not filed an appeal. Cementos Argos and Holcim will take the case to the Dispute Tribunal.
Nigeria: Dangote Cement will use two vertical roller mills (VRM) from Germany’s Loesche for a new production line at its Obajana plant in Kogi State. The order comprises a six-roller mill for raw cement meal with a capacity of 580t/hr, the largest roller mill for raw material in the Loesche range, and a three-roller mill with a modular design featuring a drive power range of 1000kW for grinding hard coal and lignite with a throughput of up to 70t/hr.
The scope of delivery also includes a LDC classifier for the raw cement mill and a LSKS ZD classifier for the coal mill, which is characterised by individually adjustable grain size separation. The raw material mill is equipped with metal-matrix-compound (MMX) technology. The two mill gear units are equipped with state monitoring and remote access for remote monitoring. Loesche is also contributing to the design and planning of the entire plant as well as the engineering for the electrical measurement, control and regulation technology and complete automation. The delivery date is scheduled for the third quarter of 2018.
The contract partner for this project is China’s Sinoma International Engineering, which has previously installed a seven clinker and cement raw meal VRMs for the Obajana plant. The site has a cement production capacity of over 12Mt/yr and it is the largest cement plant in Sub-Saharan Africa.