Cement News tagged: Corporate
Hoffmann Green agreement targets private individuals
Hoffmann Green Cement Technologies has signed a strategic partnership to sell its clinker-free low-carbon cements through the retail network of Bricomarché, Bricorama, Brico Cash and Tridôme (part of Les Mousquetaires Group). Through this agreement, the four DIY chains of the Les Mousquetaires group, Bricomarché, Bricorama Brico Cash and Tridôme, are pursuing their commitment to a global and...
Holcim New Zealand appoint new EGM
Michael Miller has been appointed Executive General Manager (EGM) for Holcim New Zealand. He has extensive management experience across a range of disciplines including sales and marketing, procurement, operations and logistics. From January 2024, Michael leads Holcim ’s team in Aotearoa New Zealand. He will continue to advance Holcim New Zealand’s role as a leading supplier of cement, agg...
Ambuja Cements reports jump in profits YoY
Ambuja Cements Ltd has reported total income of INR45,477.3m (US$547.7m) in the three months ended 31 December 2023, up from INR42,043.7m in the same period a year earlier. Profit after tax came in at INR5136.8m in the December 2023 quarter, versus INR3689.9m in the comparable period in 2022. Total expenses over the same period expanded from INR36,793.2m to INR38,673m, while basic earning...
FLSmidth reports 2023 cement revenues of DKK6bn
FLSmidth has released its 4Q23 and full-year 2023 preliminary and unaudited results. The cement business recorded revenues of DKK1.4bn (US$203.3m) in the 4Q23 and DKK6bn in 2023. EBITDA margin for the cement business grew by 7.4 per cent in the 4Q23 and by 6.7 per cent in 2023. The order intake for the 4Q23 in the cement business totalled DKK1bn and in 2023 it reached DKK4.9bn. In a stat...
UltraTech Cement commissions Rajpura plant
UltraTech Cement ( Aditya Birla Group ) has announced the commissioning of a 2.6Mta greenfield grinding plant at Rajpura , Punjab, India. This project forms part of the 22.6Mta capacity expansion announced in June 2022. The additional capacity will help UltraTech service the markets in Punjab. With the plant’s commissioning, the company’s total grey cement manufacturing capacity in India n...
CNBM profit to fall 65% in 2023
China National Building Materials (CNBM) has issued a profit warning for 2023, reports MarketScreener. According to the company, unaudited profit attributable to the equity holders of CNBM is forecast to decline by 65 per cent in 2023, compared to the previous year. The contraction is being attributed to a fall in the sales price of cement, commercial concrete and glass fibre, and lower ...
Heidelberg Materials launches evoBuild
Heidelberg Materials has introduced a new global product brand, evoBuild, for low-carbon and circular products. evoBuild products are characterised by their clear sustainability credentials, and each product must meet strict requirements to become part of the range. As the first company in the heavy building materials industry, Heidelberg Materials is using globally standardised criteria to ...
FLSmidth looks at possible divestment options in Cement business
FLSmidth will explore the available divestment options for its Cement business to maximise the division’s full potential and strengthen the market leading position of its Mining business. Over the past year, FLSmidth has simplified and rightsized the Cement business to further strengthen its market-leading position, improve profitability and make it fit-for-purpose with a strategic focus on ...
Eco Material Technologies enters ash agreement in Alabama
Eco Material Technologies has announced it will be collaborating with Alabama Power, a subsidiary of Southern Company, to harvest millions of tonnes of stored ash from Plant Barry, a coal- and natural gas-fired electrical generation facility located in Bucks, Alabama, USA. According to Stock Titan, the ash will be used in concrete blends to repair and construct bridges, roads, and buildin...
Premier Cement Mills' profit balloons in 2QFY23-24
Premier Cement Mills PLC , the second-largest cement maker in Bangladesh, uploaded its financial results on the Dhaka Stock Exchange (DSX) on 28 January. The company witnessed a surge in profit by nearly 30-fold in the October-December 2023 quarter on the back of higher sales. It earned a profit of BDT220m (US$1.99m) in the second quarter, which was BDT7.5m in the similar three-month period ...
Heidelberg Materials ends clinker production at Hanover
Heidelberg Materials has announced that it is shutting down clinker production at its Hanover cement plant in the second half of 2024. Going forward, the company will instead focus its activities in Hanover on the end-product cement and will continue to operate the site as a grinding facility. The adjustment comes after a substantial decline in cement sales following weak construction ...
Holcim names Miljan Gutovic as new CEO
Holcim ’s has appointed Miljan Gutovic as chief executive officer (CEO), effective from 1 May 2024. He will succeed the current CEO Jan Jenisch, who will focus on his role as chairman and will stand for re-election at the AGM in May. Mr Gutovic, an Australian national, has been a member of the group executive committee since 2018. He served as head of the region Middle East and Africa, fo...
Holcim to list North America business in the US
Holcim has announced its intention to list its North American business in the US with a full capital market separation. According to the company, this process will create the leading pure-play building solutions company in the region. The newly-listed business will be committed to driving long-term growth in the rapidly expanding North American market and unlocking value for all its stakehol...
PPC concludes 51% CIMERWA stake disposal
PPC has concluded the sale of its 51 per cent stake in CIMERWA , Rwanda. The South Africa-based cement producer sold its shareholding for US$42.5m to National Cement Holding Ltd. The sale enables PPC to focus on its core domestic market, where it sees opportunities to improve profitability and secure a more sustainable return on capital, reports The Chronicle. In a notice to shareholders,...
Lucky Cement records 92 per cent jump in profit
Lucky Cement Ltd posted its financial result for 1HFY24 at the Pakistan Stock Exchange (PSX) on 26 January. The company announced unconsolidated earnings of PKR13.710bn (US$49m), showcasing a hefty jump of 92 per cent YoY. Gross sales increased to PKR79.26bn from PKR58.70bn over the same period. The company has decided to undertake a 28.8MW wind power project at the Karachi plant. The proje...
Inform collaborates with ready-mix software company
AI-powered optimisation software company Inform has formed two new collaborations. The first is with BCMI, an innovative leader in cloud-based software company, for ready-mix concrete and bulk materials based in Redmond, WA, USA. The second is with Marcotte Systems, a renowned leader in innovative solutions for the concrete industry based in Saint Bruno, Canada. These collaborations will br...