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China: Anhui Conch has reported that its net profit fell by 30.7% year-on-year to US$276m for the first quarter of 2015 from US$399m for the same period in 2014. Revenue fell by 11.1% to US$1.81bn from US$2.04bn. The major Chinese cement producer attributed to the fall in profit to a drop in product prices.
China: Profits made by the cement industry have fallen by 67.6% year-on-year to US$521m for the first quarter of 2015 according to statistics released by the National Development and Reform Commission (NDRC). Cement output fell slightly by 3.4% year-on-year to 428Mt in the same period.
CRH appoints new Transformation Director
Written by Global Cement staff
29 April 2015
Ireland: CRH has said that its Group Finance Director - Maeve Carton - will become the company's new Group Transformation Director. The position is a new strategic group function within the company and Carton's new role will start in January 2016.
As Group Transformation Director, she will identify and implement the optimum financial and business model for the group in the years ahead. She will report to, and work closely with CRH's Group CEO Albert Manifold, and will continue to contribute directly to the board as an executive director.
The building materials group said that a search to appoint a new finance director for the group will start shortly. It is hoped that this process will be completed by the end of the year. Carton will continue as finance director until her replacement has been appointed, which will ensure an "effective transition process".
Europe: Holcim has adopted an automated dispatch processes and weighing technology in its Eastern Europe plants using logistics software from Schenck Process. Since the start of 2014 the LOGiQ software has automated process and data management relating to dispatch services in the company's 14 locations in the region. In January 2015 the software handled more than 10,000 transport orders. Four other locations are currently in the process of being connected to the dispatch automation system.
"The requirements for such integrated solutions fits in very well with Schenck Process not only because of its know-how in the field of weighing technology, its equipment and machinery but also in the area of software," explains Nino Stölzel, Sales Manager at Schenck Process.
Costa Rica: Cemex and Holcim have appealed against the Ministry of Finance, Industry and Trade (MEIC) over new certification requirements. Cemex has explained that its cement has been accredited since 2005 and it presented all necessary documentation on 10 April 2015 following a request from the MEIC. Cemex believes that government authorities have made a series of errors in their procedures and asked for the necessary corrections, according to local media.
Holcim Costa Rica has made assurances that it adheres to technical requirements and every year the national technical standards institute (Inteco) certifies its cement. Holcim will appeal against the government decision for new certification. Cement importer Sinocem has not appealed against this resolution, so it will have to present its certification in six months.