Cement News tagged: Corporate
Norcem temporarily halts production at plants
Norway-based Norcem has suspended operations at its Brevik and Kjøpsvik plants due to annual scheduled maintenance work and the crash of a central mill engine at Kjøpsvik. In addition, a supplier who should have carried out some of the maintenance work dropped out. Part of the production has been replaced by imports. CEO John Sunde says the company expects stocks to cleared but was unable to...
BUA Cement fire results in loss of three lives
The management of BUA Cement PLC at the weekend announced a fire incident that occurred at a diesel storage tank farm situated in the vicinity of one of its plants in Sokoto . The company in a statement signed by Sada Suleiman, assistant director of Admin Services, said the incident occurred while routine maintenance work was ongoing on one of the storage tanks by a third-party contracto...
InterCement records total cement and clinker volumes of 20.1Mt in 2021
InterCement ’s total cement and clinker volume reached 20.1Mt in 2021, an increase of six per cent in comparison to 2020, while in 4Q21 volumes were at solid 5.1Mt, stable when compared to 4Q20. In Argentina cement industry remained on a strong pace during the quarter, with Loma Negra volumes up four per cent YoY. Brazilian volumes, although declining by 3.7 per cent YoY, remained ...
Maple Leaf Cement records consolidated profit of PKR2.757bn
In 1HFY22 Maple Leaf Cement ’s consolidated profit stood at PKR2.757bn (US$15.27m) as against PKR1.625bn for the corresponding period last year, representing an increase of 70 per cent. A total sales volume of 2.406Mt was achieved in the 1HFY22, depicting a 4.5 per cent decrease over 2.52Mt sold during the corresponding period last year. Domestic sales volume was 2.336Mt, defining almos...
Titan Cement records revenue growth of EUR1714.6m in 2021
Titan Cement Group generated record revenues of EUR1714.6m, up 6.7 per cent from 2020, reflecting higher demand and a supportive pricing environment. EBITDA declined by 4.6 per cent to EUR272.4m. Net profit after taxes and minorities (NPAT) climbed to EUR89.6m (EUR1.1m in 2020 and EUR50.9m in 2019). Thanks to a successful refinancing strategy the group lowered significantly its finance costs...
FYM-HeidelbergCement temporarily shuts down Málaga clinker production
The FYM - HeidelbergCement Group cement plant in Málaga, of which the sale to Votorantim Cimentos is being finalised, will stop its clinker production until the end of March. The company said the step was necessary due to the “unhealthy costs of electricity that tax the cost of production since the beginning of the Russian invasion of Ukraine." The CEO of FYM-HeidelbergCement Group, Jesús...
Elementia to invest US$40m in El Salvador
Mexico-based Elementia is investing US$40m in its Cementos Fortaleza plant in Acajutla, El Salvador. The project will add 0.3Mta of cement capacity to the country and is expected to start operation in the 1Q23. “The new 0.3Mta Cementos Fortaleza plant, which is expected to start operations in the first quarter of 2023, will be built in El Salvador due to its strategic location in Central Ame...
Oman Cement Co reports OMR4.447m net profit
Oman Cement Co posted a net profit of OMR4.447m (US$11.57m) for 2021, representing a growth in its commercial activities despite the economic impact of COVID-19. Eng Salem Bin Abdullah al Hairi, CEO of Oman Cement, said that these results have been achieved due to a number of policies implemented meet the higher demand and despite the strong competition that was witnessed in the market, no...
Shree Cement starts trials at Chattisgarh clinker unit
India-based Shree Cement has started trial run of its new clinkerisation unit (Kiln 3) at its integrated plant in Baloda Bazar, near Raipur in Chhattisgarh. The Baloda Bazar plant currently has a clinker capacity of 5.2Mta and a cement capacity of 3Mta. Alongside the kiln, the company has also installed a waste heat recovery power plant.
Geocycle to double capacity at Córdoba RDF facility
Holcim subsidiary Geocycle and the Municipality of Córdoba, Argentina, have signed an agreement to double the capacity of Geocycle’s waste processing plant at Piedra Blanca landfill. Inaugurated last November the refuse-derived fuel (RDF) plant currently has a capacity of 50,000tpa and the plan is to expand this to 100,000tpa. The facility is fully automated and processes the waste that ...
Concrete-AI joins WCA
The World Cement Association has welcomed Concrete-AI as associate corporate member. Concrete-AI is based in Los Angeles, USA, and provides an artificial intelligence (AI) and machine learning (ML) platform that can reduce material costs in concrete by 5-10 per cent, and embodied CO 2 by up to 50 per cent without compromising performance. The cloud-based platform applies pioneering data an...
Bamburi Cement to raise prices as costs escalate
Kenya-based Bamburi Cement ( Holcim ) plans to increase prices of its products by 2-10 per cent as of 10 March 2022. The company attributed the price rise to higher raw material costs. To sustain its operations, Bamburi will be raising prices of products marketed under its Nguvu, Tembo and Fundi brands, particularly from the company’s Nairobi, Mombasa, Limuru and Sagana depots. The price ...
British Rema transfers ownership to employees
In a move that demonstrates genuine belief in rewarding loyal staff, manufacturing and engineering business British Rema has transferred ownership of its group of companies into the newly-formed British Rema Employee Ownership Trust. Sole beneficiaries of this trust are current and future employees of the company. The business relies heavily on the commitment and specialist skills and ...
Azul head office seized amid dispute
The Board of Directors of La Cruz Azul, headed by José Antonio Marín and Víctor Manuel Velázquez, took over the company’s offices in Colonia del Valle, Mexico City, on 11 March 2022. While the Marín and Velázquez group maintained that the action was carried out on the basis of a court ruling, the dissident cooperative members led by Federico Sarabia and Alberto López denounced that it was an...
Dalmia Cement's Kattamateru plant is supported by villagers
A public hearing for environmental clearance of the proposed Dalmia Cement Bharat Ltd factory at Kattamateru has been held by the district administration. Nearly 250 people from the various affected villages of Mattapakka, Niliguda and Sikhpally attended the meeting. They extended their conditional support to the cement factory while voicing demands like employment, healthcare, road connecti...
Taiwan Cement posts 31% rise in February revenue
Taiwan Cement Corp reported a revenue of TWD5456m (US$192.1m), up 30.7 per cent YoY when compared with TWD4173m in February 2021. For the 2M22 the company’s revenue increased 5.8 per cent to TWD12,974m from TWD12,258m.