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Göran Björkman appointed new president for Sandvik Materials Technology
Written by Global Cement staff
01 November 2017
Sweden: Sandvik has appointed Göran Björkman as its new president of business area Sandvik Materials Technology and member of the Sandvik Group Executive Management Team. He succeeds Petra Einarsson, who is leaving the company for an external assignment. The change is effective from 1 November 2017.
Björkman, aged 51 years, has been with the company since 1990, of which almost 20 years has been spent at the materials technology operations. Most recently he has held the position as Vice President Production at Sandvik Coromant and Vice President Production Strategy, Sandvik Machining Solutions.
Jim Williams elected as president for Power Transmission Distributors Association in 2018
Written by Global Cement staff
01 November 2017
US: Jim Williams, the vice president (corporate purchasing and supplier relations) of Motion Industries, has been elected as the president of the Power Transmission Distributors Association (PTDA) in 2018. He will assume the role in January 2018. He succeeds Tom Clawser.
Williams has been a PTDA volunteer since 2005 when he joined the Motion Control Task Force. A past chair of the Programs and Products Committee, he has served on the Board of Directors since 2015.
Geoff Hynes appointed as president and chief executive officer of Rexa
Written by Global Cement staff
01 November 2017
US: Geoff Hynes has been appointed as the president and chief executive officer (CEO) of Rexa. He succeeds Sam Lalos who will retire at the end of 2017. Lalos has held the post for five years. Rexa produces actuators for a variety of industries, including the mineral processing and mining sectors.
Loma Negra to launch initial public offering 01 November 2017
Argentina/US: Loma Negra has set the price of its initial public offering on the New York Stock Exchange. It plans to raise about US$954m from the sale. Most of the proceeds will go to InterCement Brasil, Brazil’s second-largest cement producer, which owns 99% of Loma Negra, according to Reuters. The rest will go to Loma Negra.
Founded in 1926, Loma Negra is vertically integrated cement and concrete company based in Argentina. It also owns a 51% stake in a cement plant in Paraguay.
European Commission clears acquisition of Fels-Werke by CRH 01 November 2017
Germany: The European Commission has approved the acquisition of Fels-Werke by Ireland’s CRH. Fels-Werke is active in mining, processing and distribution of lime and limestone products, gypsum and mortar in Germany, the Czech Republic and Russia. The commission concluded that the proposed acquisition would raise no competition concerns because there is limited geographic overlap between the companies' activities. It described them as ‘remote’ competitors. Fels’ owners Xella agreed to sell the business to CRH in August 2017 for an undisclosed sum.