Cement News tagged: Corporate
Huaxin Cement net income picks up in 2023
China-based Huaxin Cement posted revenues of CNY33.8bn (US$4.671bn) in 2023, up 11 per cent when compared with the previous year. Net income edged up by 2.3 per cent YoY to CNY2.76bn in 2023, but the company’s profit margin slipped to 8.2 per cent from 8.9 per cent as the company saw an increase in expenses. Earnings per share (EPS) increased to CNY1.33 in 2023 from CNY1.30 in 2022. While...
Shree Cement inaugurates new 3Mta plant
Shree Cement has inaugurated its new 3Mta cement plant in Guntur, India. Commissioned six months ahead of schedule, the new facility marks an investment of over INR25,000m (US$300m), reports The New Indian Express. Located in Dachepalli village, Guntur district of Andhra Pradesh, the new plant is Shree’s sixth integrated plant in India and its second in the south of the counrry after its 4Mt...
Ketton works faces opposition for quarry expansion plans
Heidelberg Materials Ketton works plans to extend its Grange Top quarry, adjacent to Ketton cement works as mineral reserves are running out. However, hundreds of people have signed a petition opposing plans to expand a quarry at Ketton, UK. Two new areas, already in Hanson’s ownership, known as Field 14 and Northwest Land, have been identified as suitable extensions and a planning applic...
CEMEX receives EPA Energy Star Partner of the Year award for 6th consecutive year
CEMEX has been recognised by the US Environmental Protection Agency (EPA) as 2024 Energy Star® Partner of the Year for the sixth consecutive year. The Partner of the Year award highlights CEMEX's continued efforts to reduce energy consumption, minimise environmental impact, and promote sustainable practices across its cement plants, ready-mix concrete facilities, and other operations across ...
Kant Cement Plant builds new clinker line
Kyrgyz Republic-based Kant Cement Plant OJSC has commenced construction of a new dry clinker production line. The new line will have a clinker production capacity of 2500tpa, equivalent to an annual capacity of 0.8Mt. The Kant Cement Plant, located in Ysykaty District, currently has a production capacity of 1.089Mta of cement and 0.99Mta of clinker.
East African Portland Cement begins second phase of Athi River upgrade
East African Portland Cement (EAPC) has commenced the second phase of its upgrading programme at its Athi River plant. The programme, which will involve a 25-day maintenance shutdown, is designed to boost cement production capacity at the facility to 1Mta in the next two years. “Our machines have run for many years with upgrades in between and lack of maintenance, which has depreciated...
Kohat Cement Co's enhances Line 2 capacity and plans solar project
Kohat Cement Co (KOHC) has recently completed the BMR of its Khyber Pakhtunkhwa Line 2, enhancing its line capacity to 2.1Mta from 2Mta previously, taking total capacity to 5.2Mta, as well as improving its efficiency by ~10 per cent, matching that of Line 3, according to AKD Research. Furthermore, a second solar unit with 15MW capacity is in the pipeline, expected to be commissioned in the...
PPC's success in Zimbabwe is contrasted by surrounding regions
South Africa-based cement manufacturer PPC Cement SA (PTY) Ltd has announced that its operations in Zimbabwe are now debt free, with EBITDA improving 13.6 per cent, for the 10-month period ending January 2024). However, in contrast, sales volumes for its South Africa and Botswana operations fell by four per cent when compared to the equivalent period in the previous year. A spokesperson ...
UltraTech Cement raises capacity with debottlenecking programme
During the course of its capacity expansion programme, the UltraTech Cement ( Aditya Birla Group ) had identified opportunities for debottlenecking and efficiency improvements across various locations, including its wholly-owned subsidiary. Some of these upgrades have since been completed, resulting in additional production capacity of 2.4Mta. The increases in capacity were at the company'...
Fauji Cement Co becomes Pakistan’s third-largest cement producer
Fauji Cement successfully commissioned its greenfield cement plant with a clinker capacity of 6500tpd at Shadan Lund district, Dera Ghazi Khan , within a record time of 13 months. With the commencement of operations of the new line on 30 November 2023, the company’s total cement production capacity increased to 10.6Mta, which established the company as the third-largest cement producer in P...
HGH USA appoint new executive VP and general manager
HGH is delighted to announce the appointment of Johanne Lecomte as the new executive vice-president and general manager for HGH USA. Her new role has been effective since February 2024, and she has already visited the headquarters in Paris to meet with the teams and participate in strategic meetings. With over two decades of experience as a sales and BD executive, Johanne Lecomte has a robust ...
Southeast Cement sees 2% YoY revenue increase
Taiwan-based Southeast Cement has reported revenue of TWD2.27bn (US$70.88m), up two per cent on the previous year. Net income in 2023 came in at TWD149.5m, on a par with 2022, while the profit margin declined from 8.3 per cent in 2022 to 6.6 per cent the following year, reportedly driven by increased expenses. Basic earnings per share from continuing operations in 2023 stood at TWD0.26, unch...
Gautam Adani injects US$799m into Ambuja
Gautam Adani and his family have invested a further US$799m in Ambuja Cements Ltd , raising their stake in the cement producer to 66.7 per cent. According to Bloomberg News, the move is indicative of the billionaire’s confidence in the cement business as India undergoes an infrastructure boom. Adani first acquired a controlling stake in Ambuja Cements Ltd and ACC Ltd in 2022 for US$10...
UltraTech to buy stake in clean energy plant
Indian cement producer UltraTech , part of the Aditya Birla Group , will by a 26 per cent stake in O2 Renewable Energy XXII for approximately INR160m to meet the energy requirements of its cement plants. New Delhi-based O2 is planning a 35-48MW solar power plant in Karnataka, India. The acquisition is part of UltraTech's investments in clean power sources. The share purchase of O2 is als...
Cemento Polpaico reports CLP4722.8m loss in 2023
Chile-based Cemento Polpaico SA , part of the Hurtado Vicuña Group , posted a loss of CLP4722.8m (US$4.81m) in 2023, compared with a CLP3921m profit in 2022. Revenues fell 7.4 per cent YoY to CLP341140m from CLP368390m. The company sold 1,637,770t of cement in 2023, down 19.3 per cent than the equivalent period in 2022. Concrete sales decreased by 19.7 per cent YoY to 2,560,238m 3 in 2023....
Ecocem announces plans to expand production in The Netherlands
Ecocem agrees deal with Overslagbedrijf Moerdijk to expand production and storage capacity in The Netherlands (© Ecocem) Europe’s leading provider of low-carbon cement technologies, Ecocem , has reportedly negotiated a deal with Overslagbedrijf Moerdijk (OBM) to expand production and storage capacities in The Netherlands. The deal is a part of Ecocem’s plans to make its ‘AC...