Cement News tagged: Corporate
UltraTech Cement Ltd completes 100MW solar energy project
UltraTech Cement Ltd has completed a 100MW solar energy project under the Group Captive scheme in the state of Rajasthan. This is the company’s first project for sourcing power for its captive consumption from the inter-state transmission network. Power from this project will be available to the company’s Units in Rajasthan, Gujarat, Himachal Pradesh, Tamil Nadu, Odisha among others. This p...
Heidelberg Materials France to close two plants
Ciments Calcia , part of Heidelberg Materials France , is closing two of its plants as part of a restructuring programme. The two sites due to close are in Beffes (Cher) and Villiers-au-Bouin (Indre-et-Loire), both of which are scheduled to shut in October 2025. According to Heidelberg Materials France, the restructuring is the result of a significant decline in cement sales resulting fr...
Holcim acquires concrete construction systems specialist Tensolite
Holcim has signed an agreement to acquire Tensolite, a leading manufacturer of innovative precast and pre-stressed concrete construction systems with US$22m of net sales in 2023 and a strong presence in fast-growing Latin American markets. With plants and a distribution network across Argentina, Paraguay and Uruguay, Tensolite will expand Holcim’s Solutions & Products portfolio and strengthe...
CNBM reports 10% YoY revenue drop
CNBM has reported revenue of CNY210.2bn (US$29.1bn) in 2023, down 10.1 per cent on the previous year. This was primarily attributed to a fall in the group’s basic building materials segment, which was partially offset by an increase in revenue in its engineering technical services segment and an uptick in its new materials segment. Profit attributable to equity holders of the company contrac...
Capex falls behind targets for PPC
PPC has announced that its capital expenditure fell behind targets for the period ending March 2024. This was due to a delay in the company’s fly ash project in Zimbabwe, which was announced last November. Delays in accessing the power plant, which halted the design and commercial contract, were also a key factor. PPC stated that, “Capital expenditure for the group remains behind the guid...
Sinai Cement sees sales surge in 2023
Egypt’s Sinai Cement has reported a surge in sales, with EGP4.28bn (US$90.68m) posted for 2023, compared to EGP2.34bn in the previous year. A consolidated net loss after tax of EGP121.42m was seen in 2023, down from EGP330.41m in 2022, while the loss per share of the holding company fell from EGP2.48 in 2022 to EGP0.91 in the following year. On a standalone basis, the net loss after t...
Maple Leaf Cement has bought shares in a fertiliser company
Maple Leaf Cement Factory Ltd has acquired and settled 6m voting shares of M/s Agritech Ltd (formerly Pak-American Fertilizers Ltd), the first nitrogenous fertiliser plant built in Pakistan. “Under the above acquisition, Maple Leaf Cement Factory Ltd plus Maple Leaf Capital Ltd (person acting in concert) now hold 44,670,000 voting shares of the target company, ie 11.38 per cent aggregate ...
New Holcim Board member proposed
Holcim has proposed Catrin Hinkel, CEO of Microsoft Switzerland, for election to its Board of Directors. She stands for election alongside nominee Michael H McGarry at Holcim’s Annual General Meeting on 8 May 2024. All other members are standing for re-election and Jan Jenisch is proposed for re-election as Chairman of the Board. With the proposed nominations, the Holcim Board will compri...
UltraTech announces two new greenfield plants
UltraTech Cement is investing INR324,000m (US$3.89bn) in capex over the next three years, including two new greenfield plants, which will add an additional 5.4Mta in cement production capacity. The two facilities will be located in Chhattisgarh and Tamil Nadu, taking the company’s total cement capacity to 151.6Mta. According to the company, this capacity is equivalent to more than 150 per ce...
Votorantim prices St Marys Cement Inc debt security notes for environmental performance
Votorantim Cimentos SA has informed the general market that it has priced an offering in the international market of debt securities issued by its subsidiary St Marys Cement Inc , Canada of US$500m with 5.896 per cent yield per annum and 5.75 per cent coupon per annum. The yield will be payable semi-annually on the second day of April and October of each year, starting from 2 October 2024, ...
Buzzi SpA's 2023 regional results see cement sales climb in Italy
Buzzi SpA reported domestic hydraulic binders and clinker sales in Italy up 2.1 per cent in 2023, while the ready-mix concrete output slightly declined 1.4 per cent. The average prices of cement and concrete confirmed their improvement compared to the previous period. Such trend in volumes and prices led to net sales of EUR818.3m, up 12.7 per cent (EUR726.2m in 2022). Ebitda achieved EUR175....
Power Cement debuts export to the USA
Power Cement Ltd has dispatched its first shipment to the USA. This shipment follows the start of exports to the Europe. On 27 December 2023, Power Cement marked a significant milestone as it successfully entered the European market by exporting its cement to the UK, marking the company's commitment to global expansion. It positions the company as a formidable force in the international cons...
Bedeschi SpA to supply crushing unit to Buzzi Unicem
Bedeschi SpA has announced a finalised contract with Buzzi to provide a double-stage crushing unit for their cement plant in Guidonia, Italy. The system will take in limestone lumps of up to 600mm and reduce these to less than 50mm. Each machine in the system will have a capacity of 750tph capacity with 2x315kW power installed. The project marks the continuation of the relationship b...
Siam Cement develops new low-carbon cement
Thailand-based Siam Cement Group (SCG) has developed a new low-carbon cement that has lowered emissions by 15-20 per cent. According to SCG, the new product is better or stronger than regular Portland cement and was achieved using clean energy sources and waste heat generated during production, resulting in a 38 per cent reduction in energy consumption. The producer has also adjusted the raw...
Flying Cement Ltd's new Line II to announce start of production
Flying Cement Ltd has yet to officially announced the start of production of its new 9000tpd (clinker) Line II, which had a scheduled commissioning date of March 2024. JS Research said commissioning Flying Cement’s 3Mt plant amidst low industry utilisation is challenging. The industry’s average capacity utilisation remained below 60 per cent in the recent quarter, and analysts estimated a...
Buzzi SpA reports consolidated cement sales of 26Mt in 2023
In 2023 Buzzi SpA reported consolidated cement sales of 26.343Mt, down seven per cent compared to 2022. The generalised slowdown in deliveries, which has been already highlighted during the first half of the year, continued also during the following quarters, particularly in central Europe, Poland and the Czech Republic, where the residential sector significantly weighed on demand. In Ita...