Displaying items by tag: Jordan

Jordan: Lafarge Jordan has appointed Ayman Al-Leimoon as the manager of its Rashadiyah cement plant. He has worked for Lafarge Jordan for over 20 years. He started in mechanical engineering and maintenance roles before moving in to project management. Most recently he was the plant and manager at the Fuhais cement plant. He holds a bachelors degree in mechanical engineering.

Jordan: Ahmed Shireen Korayem, chief executive officer and managing director at the Egyptian cement producer El Nahda Industries, has been appointed as a board member by the Arab Union of Cement & Building Materials (AUCBM) during the ongoing Arab-International Cement Conference, which is currently taking place in Amman, Jordan.

Switzerland: Holcim has appointed Toufic Tabbara as Region Head North America and a member of the group executive committee. He succeeds René Thibault, who has decided to leave the company.

Tabbara was most recently working as the chief executive officer for US Cement. He joined the group in 1998 as Director Strategy & Development in the US and has led Holcim’s ready-mix concrete, aggregates and cement businesses in the US, Canada, Egypt, Jordan, Lebanon and Algeria.

He holds a Master of Business Administration from the Thunderbird School of Global Management in Arizona, US and a Bachelor of Business Administration from the American University of Beirut in Lebanon.

Ivory Coast: LafargeHolcim Ivory Coast has appointed Rachid Yousry as its chief executive officer. He succeeds Xavier Saint-Martin-Tillet, who has been in the post since November 2020, according to the Financial Afrik newspaper.

Yousry has worked for LafargeHolcim in a number of supply chain and sales roles since 2011. His last posting was as the Country Commercial & Supply Chain Director for LafargeHolcim Jordan. Prior to working for LafargeHolcim, he held roles at Teleinfo 5, Unilever, AMS Baeshen. Yousry holds a bachelors degree in information technology and a Master of Business Administration (MBA) from the École des Ponts Business School.

Jordan: The country’s industrial chambers have made a statement saying that most cement plants are charging ‘average’ prices for cement despite recent rises in energy costs due to imported coal and diesel. In a joint statement the group’s said, that although some plants have increased the price of cement, it does not reflect the increase in real cost to producers, according to the Jordan News Agency. The price of cement has reportedly risen by 12% recently.

The industrial chambers noted that the sector is, “keen to stabilise commodity prices locally and maintain their sustainability." It added that it accomplished this in the interests of citizens during the Covid-19 crisis despite the high price of raw materials. The statement also noted that the country has a cement production capacity of 10Mt/yr but the local market only uses 3Mt/yr.

Jordan: Lafarge Jordan has had its insolvency filing approved by a court in Jordan. The Jordan Times has reported that the company has capital of US$84.6m, while its accumulated losses are US$169m. It has blamed weak demand and an inability to cope with variable operating and administrative costs made worse by the coronavirus crisis.

The company said that it plans to continue its reform process so that it is able to meet its obligations under insolvency law. It added, “The company intends to adopt a well-thought-out and actionable financial plan to pay off its debts and meet its liabilities within reasonable legal periods and in agreement with creditors.”

The subsidiary of Switzerland-based LafargeHolcim owns two integrated cement plants in the country. However, its Fuheis plant has been mothballed since the early 2010s. Its Rashadiyah plant has two production lines but one has been unused for over a decade and the other is reportedly operating at 40% of its capacity.

Saudi Arabia: The Saudi Industrial Exports Company (SIEC) has signed a one-year sales and marketing contract extension with Al Jouf Cement. It previously agreed with Al Jouf in November 2017 to sell 72,000t/yr to Jordan.

Jordan: 21.8% state-owned Jordan Cement, 50.3% subsidiary of LafargeHolcim, has laid off 200 of its 550 employees after incurring losses of US$87m in the nine months to 30 September 2019. Reuters has reported that the company, whose 2018 losses were US$48.9m, up by 4.0% year-on-year from US$47.0m in 2017, made the sackings ‘to ensure its continuity,’ according to Jordan Cement CEO Samaan Samaan. The company has operated a single line at its 2.0Mt/yr integrated Rashadiyah cement plant since the closure of its 2.0Mt/yr Fuhais plant in 2013. The country’s 9Mt/yr-capacity cement sector serves a domestic demand of 4Mt/yr.

Jordan: Residents have protested outside a court against the Jordan Cement Company on environmental grounds. The protestors allege that the cement producer’s plants have caused ‘severe’ pollution that has negatively effected the health of those living nearby, according to the Jordan Times newspaper. In a statement the demonstrators claimed to represent thousands of local stakeholders and plaintiffs in a long running campaign against the subsidiary of Switzerland’s LafargeHolcim.

Jordan: Jordan Cement Company is in a legal dispute with local landowners over land ‘illegally’ acquired near its Fuheis plant. The plaintiffs argue that forgery was used by the company in acquiring land, according to Roya TV. The subsidiary of Switzerland’s LafargeHolcim operates two integrated plants, at Fuheis and Rashadiyah.