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South Valley Cement orders new line from Sinoma

19 August 2015

Egypt: South Valley Cement has signed a US$34.7m contract with China's Sinoma for a new cement line.

Published in Global Cement News
Tagged under
  • Egypt
  • South Valley Cement
  • Sinoma
  • Plant
  • GCW215

Prism Cement appoints new director

Written by Global Cement staff
19 August 2015

India: Prism Cement Limited has appointed Vivek Krishan Agnihotri as a director following the resignation of the previous director. The Board has also appointed Agnihotri as the executive director of cement, effective from 17 August 2015.

Published in People
Tagged under
  • Prism Cement
  • GCW214
  • India

West China Cement’s net profit falls by 99%

18 August 2015

China: West China Cement's net profit plunged by 99% year-on-year to US$375,120 in the first half of 2015 as China's economic slowdown took a toll on cement demand, according to Dow Jones. West China Cement's revenue fell by 15.4% to US$264m. As for 2014, it omitted an interim dividend.

Published in Global Cement News
Tagged under
  • China
  • West China Cement
  • Results
  • GCW214

Tokyo Cement adds fifth cement vessel to transportation fleet

18 August 2015

Sri Lanka: Tokyo Cement has added a fifth vessel, MV Mohar, to its fleet of cement transport ships in August 2015. The ship is a 22,000t pneumatic bulk cement carrier.

"Logistics is an integral part of our business and the increase in local demand has required us to enhance our capacities not just in transportation, but manufacturing and energy generation. We are always striving to improve our business performance because doing so is Tokyo Cement's contribution to building Sri Lanka and ensuring strong, sustainable development," said Tokyo Cement Group Managing Director S R Gnanam.

With a 1Mt/yr production capacity increase in Trincomalee, the new vessel will transport cement to the Colombo Port in order to distribute more efficiently. "The cement industry is often described as a barometer of a country's march to economic development and prosperity. What we are currently seeing is a surge in demand for products and services, which is a good indicator of market confidence. Over the last three decades, Tokyo Cement has built itself up to become one of Sri Lanka's most valuable brands, with an installed capacity of over 2Mt/yr of cement, over 600 employees and US$149m in assets. Our success reflects the continuing growth of Sri Lanka and its economy," said Gnanam.

Published in Global Cement News
Tagged under
  • Sri Lanka
  • Tokyo Cement
  • Shipping
  • Vessel
  • GCW214

Allied Cement swings to a loss

18 August 2015

China: Hong Kong's Allied Cement's revenue fell by 28.8% year-on-year to US$259m in the first half of 2015. It reported a net loss of US$3.61m, compared to a US$15.2m net profit in the same period of 2014. No interim dividend was declared.

Published in Global Cement News
Tagged under
  • China
  • Allied Cement Holdings
  • Results
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