Cement News tagged: Corporate
Udayapur Cement Industry looks to increase production
Nepal’s state-owned Udayapur Cement Industry has announced plans to increase production capacity to 800tpd from 350tpd, according to the New Business Age. General Manager, Gopi Krishna Neupane, who has been in charge since Tuesday, has stated that the company is preparing strategies to upgrade the 30-year-old factory with new technology and regulate coal and gypsum imports. The hopes are th...
Breedon appoints Managing Director of GB Contracting
Breedon Group has appointed James Haluch as managing director of its GB Contracting business. He will join in March and will report to the group's chief executive. Mr Haluch has been MD of Highways & Waste Collections at Amey for the last five years. In all, he has nearly 30 years' experience in the contracting and highway services industry, including senior positions with Mouchel and EM...
Inform appoints four new co-CEOs to further company expansion
Inform has announced four new co-CEOs to join Adrian Weiler, the company's CEO since 1986, who continues in his leadership role. Dr Andreas Meyer, Matthias Berlit, Peter Frerichs and Dr Jörg Herbers have assumed their new roles effective 1 January 2021. Inform develops software for the optimisation of business processes using digital decision making based on artificial intelligence and ope...
Hama Cement sees cement production reach 1.06Mt in 2020
The Syrian Co for the Manufacture of Cement and Building Materials (Hama Cement) has reported 1.06Mt of cement production for 2020. Clinker production also reached 714,000t during the year, according to the Syrian Arab News Agency (SANA) . Ali Ja’abo, general manager, noted that the technical and production teams at the company have created new working methods, equipment and devices that hav...
LafargeHolcim Bangladesh enters aggregates market
Stocks of LafargeHolcim Bangladesh on the Dhaka Stock Exchange (DSE) rose 9.8 per cent after the company announced it will be entering the aggregate business. LafargeHolcim Bangladesh commenced commercial production of clear-size-graded aggregate last Saturday, the company said in a filing on the DSE. The aggregates are graded limestone chips with uniform size and shape conforming to int...
Record production at Caribbean Cement in 2020
Caribbean Cement Company (TCL/Cemex group) says it reached a new record in 2020 by manufacturing more than 940,000t of cement in response to market demand in Jamaica. "The market responded opposite to what might have been expected given the pandemic. Instead of slowing down, construction grew, and we kept in step with our customers by meeting their demand consistently. We will continue to...
Asia Cement Corp reports 3% increase in December revenue
Taiwan’s Asia Cement Corp has reported a 2.5 per cent YoY increase in revenue to TWD8.32bn (US$297.2m) for December 2020, compared with TWD8.12bn in the year-ago period. In the full-year 2020, revenue declined 12.4 per cent YoY to TWD78.24bn from TWD89.34bn.
Cemex announces pricing of US$1.75bn senior secured notes
Cemex SAB de CV announced the price of US$1.75bn of its 3.875 per cent senior secured notes due in 2031 and denominated in US dollars. The notes have a semi-annual interest rate of 3.875 per cent and mature on 11 July 2031. The notes are to be issued on 12 January 2021, subject to customary closing conditions. Cemex intends to use the proceeds of the offering for general corporate purpos...
Shiva Cement receives approval for 1.32Mta project
India’s Shiva Cement (JSW Cement) has now received approval from the state government of Odisha to add 1.32Mta of clinker capacity and 1.05Mta of cement production capacity in the form of a new facility in the Sundargarh district. The project, worth INR15.23bn (US$207.88m), received clearance during a High-Level Clearance Authority (HLCA) meeting on Wednesday.
NCL Industries sees 50% rise in production
India’s NCL Industries has announced a 49.5 per cent YoY increase in cement production to 632,746t in the third quarter of the FY20-21, rising from 423,199t in the year-ago period. Cement dispatches also climbed 45.1 per cent YoY to 625,162t from 430,861t in the 3QFY19-20.
LafargeHolcim appoints new Romanian CEO and country head for Moldova
LafargeHolcim has announced the appointment of Bogdan Dobre as its new CEO for Romania and country head for Moldova effective from 1 January 2021. Dobre replaced Horia Adrian, who ran the company's operations in the two countries in the last three years, LafargeHolcim said in a press release. Mr Dobre joined Holcim Romania in 2000 and was commercial director between 2013 and 2020, d...
Magnum Group seeks to increase production
Georgia’s Magnum Group has announced plans to increase cement production in the future. Paata Nikvashvili, director of the company, noted that the company hopes to reach 12,000t of cement production per month from the current 6000t. The company also noted the difficulty of trading during last year. "We started working in June. We were suspended before due to the pandemic. Everything was par...
Dandot Cement Co announces 81% fall in net sales
Pakistan’s Dandot Cement Co has announced an 81.4 per cent YoY fall in net sales to PKR296m (US$1.84m) for the year ended 30 June 2020, compared to PKR1.59bn in the previous year. The company also reported a loss after tax of PKR695m against a PKR624.5m profit in the FY18-19.
ACC Ltd starts brownfield expansion of Sindri cement plant
ACC Ltd (LafargeHolcim group) has started its new Sindri cement plant in Jharkhand, India. The new facility will add 1.4 Mta of cement capacity to its existing 3Mta unit at this site. The foundation stone of Sindri grinding unit Phase 2 was laid in December 2019 with the aim to contribute significantly to servicing the growing market, strengthen presence in the eastern region and add ...
Argos USA ready-mix to settle alleged price-fixing case
Argos group's ready-mix concrete subsidiary, Argos USA, is to settle a US$20m payment over an alleged price-fixing cartel involving several members of staff in the state of Georgia, USA. According to the US Department of Justice, Argos USA "admitted to participating in the charged conspiracy, and agreed to cooperate fully with the Antitrust Division's ongoing criminal investigation and pros...
Holcim (Belgium) NV takes over Givet quarry
Holcim (Belgium) NV takes over the quarry of Givet in the Ardennes department, northeastern France. The Givet quarry has an exploitation licence of 1Mta. It is located on the banks of the River Meuse with a loading quay and direct entry to the production site. It also has good connections to the rail network. The acquisition will enable the company to strengthen its offer of aggregates for ...