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Johan Cnossen resigns from KHD
Written by Global Cement staff
16 March 2016
Germany: Johan Cnossen has resigned as the Chief Executive Officer and a member of the Management Board of KHD with immediate effect from 11 March 2016. He cited personal reasons. Other Management Board members will take over his responsibilities for an interim period.
Eastern Cement starts trial operation of new cement mill 15 March 2016
Saudi Arabia: Eastern Province Cement has started the trial operation of its new cement mill, which is expected to continue for three months until mid-June 2016. Commercial operation of the new mill will begin in the second quarter of 2016, the company said in a bourse statement. It added that the relevant financial impact is difficult to determine at this stage as it depends on market supply and demand.
India: Opposition politicians in Meghalaya have warned the state government over management concerns regarding the Mawmluh Cherra Cement plant. The state owned cement plant stopped production in mid-2014. The local government has since announced that it intends to loan the company US$12m towards paying off bills from an upgrade project started in 2005 including loan payments, power bills and salary costs, according to the Indian Telegraph. After upgrades are completed the plant will have a cement production capacity of 600t/day.
"I know in the past the government used to appoint Tom, Dick and Harry to manage the MCCL. However, if we want the factory and other public sector units of the state to be free from ailments, we need a strong management and run it professionally," said former state chief minister Donkupar Roy at the state assembly. He also demanded that the head office of the factory be moved to Sohra.
Bamburi Cement profit rises by 46% to US$83.5m in 2015 14 March 2016
Kenya: Bamburi Cement’s pretax profit has risen by 46% year-on-year to US$83.5m in 2015, according to Reuters. Its turnover rose by 9% to US$386m. The rise in profit was attributed to higher sales, investment income and currency gains.
"Turnover increased... driven by increased demand in the key domestic markets in Kenya and Uganda resulting mainly from growth in large infrastructure projects and contractor segments, despite some slow down in domestic market in the last quarter," said Bamburi in a statement.
Tibet Tianlu to build US$154m cement plant in Lhasa 14 March 2016
China: Tibet Tianlu has signed a contract worth US$154m to build an integrated cement plant in Lhasa, Tibet. The civil engineering company said in a statement to the Shanghai Stock Exchange that it will build the 4000t/day plant in partnership with the Tibetan Building Materials Company. The scope of contract includes building the production line, from limestone crushers to finished cement and auxiliary production facilities. The project will also include a waste heat recovery and flue gas denitrification systems. Construction is due to start in April 2016 with completion scheduled for September 2017.