Global Cement
Unmatached fuel flexibility with Pyrorotor - KHD
Online condition monitoring experts for proactive and predictive maintenance - DALOG
Cut your energy costs with our high-performance lubricants and services - Kluber Lubrication
Optimizing your cement plant. Empowering your team. CemAI - Cement Intelligence
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Members
  • Live
  • Login
  • Advertise
  • Knowledge Base
  • Alternative Fuels
  • Services
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Register
  • Trial subscription
  • Contact
News payment

Displaying items by tag: payment

Subscribe to this RSS feed

Court prevents bank seizure of Savannah Cement's assets

20 December 2022

Kenya: The Supreme Court of Kenya has ordered lenders Absa Bank and KCB Group to not seize Savannah Cement's assets or appoint administrators or receivers for it after the producer defaulted on its debts. The producer's debts include US$2.41m in interest and US$110,000 in penalties. The temporary block will stand until the court issues further directions. Business Daily News has reported that the court has ordered Savannah Cement to pay US$81,200 to Absa Bank by 28 December 2022.

Savannah Cement director Benson Sande Ndete alleged that lenders coerced the company into repaying US$40.6m-worth of debt. The law forbids interest payments greater than the principal sum of a loan.

Ndete said, "The firm is working to complete the funding of its Kitui clinker plant project, which will allow it to get all the funds necessary to clear the debts."

Published in Global Cement News
Read more...

Kogi State government takes Dangote Industries to court

21 October 2022

Nigeria: The government of Kogi State has filed a lawsuit against Dangote Cement's parent company Dangote Industries. The state government claims no payment was received for Dangote Cement's acquisition of the Obajana cement plant upon its privatisation in 2002, according to the Advocate newspaper. If the legal case is successful it could void the cement producer’s contract with the state government.

The National Security Council ordered the reopening of the Obajana cement plant in the national interest on 14 October 2022, following its closure by order of the Kogi State Assembly.

Published in Global Cement News
Read more...

Nigerian parliament orders Obajana cement plant closure

06 October 2022

Nigeria: The House of Assembly of the Nigerian parliament has ordered Dangote Cement to suspend its operations at the Obajana cement plant until the company presents 'credible evidence' of its acquisition of the plant from the government. The Premium Times newspaper has reported that the state and Dangote Cement concluded a deal for transfer of ownership of the plant in 2002. Kogi State Commissioner Kingsley Fanwo says that Dangote Cement has failed to show evidence of its payment for the asset.

Local people petitioned the state for an enquiry into the plant's legal status after it allegedly created industrial pollution 'bordering on' a hazard. Protestors have reportedly 'driven out' staff from the plant.

Published in Global Cement News
Read more...

Conch Cement puts down Xuancheng Conch tax evasion rumours

08 July 2022

China: Conch Cement has explained that neither its subsidiary Xuancheng Conch, nor any officers of the company, are subject to investigation or penalties for tax evasion. The producer said that a local media outlet had reported false allegations to this effect.

Conch Cement said "Xuancheng Conch has met all payment obligations for taxation in strict compliance with the relevant laws and regulations of the People's Republic of China."

Published in Global Cement News
Read more...

Boral hires Earlytrade for payments digitalisation

16 February 2022

Australia: Boral has selected Earlytrade to digitise its supplier payment and progress claim processes. The supplier says that it will help protect Boral's supply chain against inflation and insolvency trends. It will roll out its early payment technology for 5000 suppliers of Boral products, as well as subcontractors, across Australia.

Published in Global Cement News
Read more...

Dalmia Cement signs with Paytm for payment digitisation

04 November 2020

India: Dalmia Bharat subsidiary Dalmia Cement has awarded a contract to payment solutions specialist Paytm for digitisation of its payment processes. United News of India has reported that Paytm will enable customers to use Paytm Wallet, Unified Payments Interface (UPI) and other cashless means in purchasing Dalmia Cement’s products from over 30,000 dealers and retailers across 22 Indian states and union territories, according to the producer.

Head of marketing and executive director Pramesh Arya said, “Dalmia Cement's emphasis on being digital first has helped our dealers and retailers carry out their day-to-day business transactions easily. Paytm has always stood for ease of use and convenience in the world of digital payments. Through this partnership, we aim to help our dealer community accept contactless and secure payments using Paytm Wallet, UPI, debit or credit card and online banking.” He added, “The idea is to maintain social distancing, reduce cash handling and minimise the risk of coronavirus exposure. This partnership is yet another step in Dalmia Cement's pursuit to bring Future Today - our brand credo - to life.”

Published in Global Cement News
Read more...

EAPCC’s losses grow

26 February 2020

Kenya: East African Portland Cement Company (EAPCC) has recorded losses of US$16.2m in 2019, up by 0.6% from US$16.1m in 2018, in spite of sales growth over the period of 8.0% year-on-year to US$14.7 from US$13.6m. Reuters has reported that the company will not be paying its shareholders.

Published in Global Cement News
Read more...

J&K Cements employees suspended for ‘holding managing director hostage’

30 January 2020

India: 13 employees of Jammu and Kashmir Cements Limited (J&K Cements) have been suspended following an incident in which J&K Cements managing director Ishtiyaq Drabu was locked inside the 0.4Mt/yr J&K Cements Khrew plant, where he says he was ‘held hostage and threatened.’ In a charge sheet against the employees, he further alleged that they had ‘left their place of duty unauthorised’ in order to assemble at the main gate, where the trap was sprung. The Daily Excelsior newspaper has reported that the action was taken by the employees in order to demand payment of their salaries. “The intervention of the police saved my life,” said Drabu.

550 J&K Cements employees have not received wages since December 2018 and US$3.91m is missing from the state-owned producer’s pension fund. Drabu has been able to draw his salary every month since his appointment in January 2019.

Published in Global Cement News
Read more...

Australian court rules Adelaide Brighton due US$8.65m

26 December 2019

Australia: Adelaide Brighton’s court dispute with Concrete Supply has ended in a ruling in favour of the former. The Advertiser newspaper has reported that between August 2009 and November 2017 Adelaide Brighton supplied US$22.6 to Concrete Supply, for which Concrete Supply paid US$14.5 before entering administration in November 2017. Federal Court judge Anthony Besanko ruled that Concrete Supply ‘could not reasonably have held a genuine belief that it was entitled to the alleged discount or rebate.’

Published in Global Cement News
Read more...
AI Modules - The Kima Process
Loesche - Innovative Engineering
“Register
Airscape - The new sealing standard for transfer points in conveying systems
We Move Industries - HEKO Group - Conveying Solutions
Acquisition Cemex China CO2 concrete coronavirus Export France Germany Government grinding plant HeidelbergCement Holcim Import India Lafarge LafargeHolcim Mexico Nigeria Pakistan Plant Product Production Results Russia Sales Sustainability UK Upgrade US
« March 2023 »
Mon Tue Wed Thu Fri Sat Sun
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31    



Sign up for FREE to Global Cement Weekly
Global Cement LinkedIn
Global Cement Facebook
Global Cement Twitter
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Members
  • Live
  • Login
  • Advertise
  • Knowledge Base
  • Alternative Fuels
  • Services
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Register
  • Trial subscription
  • Contact
  • Conferences & Webinars >>
  • Global Ash
  • Global CemBoards
  • Global CemCCUS
  • Global CemEnergy
  • Global CemFuels
  • Global CemPower
  • Global CemProcess
  • Global CemProducer
  • Global Cement Quality Control
  • Global CemTrans
  • Global ConChems
  • Global Concrete
  • Global FutureCem
  • Global Gypsum
  • Global GypSupply
  • Global Insulation
  • Global Slag
  • Global Synthetic Gypsum
  • Global Well Cem
  • African Cement
  • Asian Cement
  • American Cement
  • European Cement
  • Middle Eastern Cement
  • Magazine >>
  • Latest issue
  • Articles
  • Editorial programme
  • Contributors
  • Link
  • Awards
  • Back issues
  • Subscribe
  • Photography
  • Register for free copies
  • The Last Word
  • Websites >>
  • Global Gypsum
  • Global Slag
  • Global CemFuels
  • Global Concrete
  • Global Insulation
  • Pro Global Media
  • PRoIDS Online
  • Social >>
  • LinkedIn
  • Facebook
  • Twitter

© 2023 Pro Global Media Ltd. All rights reserved.