Cement News tagged: Corporate
ENCI halts clinker production
ENCI, based in The Netherlands, has shut down its kiln after 91 years of operation. The event, which was carried out in the night of 29 March 2019, was low-key. The plant’s limestone quarry in Sint-Pietersberg, South Limburg, will now be a home to rare insects. Until 2018 the cement producer quarried limestone for the works’ kiln line. However, on 1 January 2020, the 120h site will pass to t...
Penna Cement enters freight LTTC with South Central Railway
India-based Penna Cement Industries signed a long-term tariff contract (LTTC) with South Central Railway (SCR) to transport freight at a fixed rate. The five-year scheme will provide long-term stability and certainty in freight tariff rates to Penna Cement. According to the terms of the LTTC, freight rates will remain fixed for one year and if the customer exceeds the previous year’s freight...
Xuan Thanh Cement orders new line from FLSmidth
Xuan Thanh Cement has awarded FLSmidth with a DKK550m (US$82.6m) contract for a new brownfield production line at its facility in Ha Nam province, Vietnam. FLSmidth will design and engineer the new clinker production line and deliver equipment for the entire process from crushing to clinker silo. The order is due to be completed by the end of 2020, and once operational the production line w...
Buzzi Unicem reports EBITDA rose by nearly 14% in 2018
Buzzi Unicem released its consolidated financial statement for 2018, reporting that EBITDA rose by 13.6 per cent in 2018 to EUR577m, up by EUR69m on 2017. Net debt increased to EUR891m rising by EUR28m after investments of EUR444m, of which EUR31m were for expansion projects, EUR45m for the acquisition of Seibel & Sohne in Germany and EUR161m for the strategic agreement with Grupo Ricardo Bren...
Grupo Argos to invest COP2.6trn in subsidiaries in 2019
Colombia’s Grupo Argos, parent company of Cementos Argos, has stated that it plans to invest around COP2.6trn (US$816m) in its cement, energy and construction subsidiaries this year. Cementos Argos, Celsia and Odinsa will be the focus of the spending, made possible by the increase in net profits for the group in 2018. "In the coming years we'll continue to be a relevant player in the infrast...
Bulacan plant wins tax incentives for new kiln line
Holcim Philippines has secured tax incentives for its new kiln line in Bulacan province. The Board of Investments approved the company's application to register as a new cement producer for its Bulacan Line 3 project which will raise the cement capacity of the company to 2.478Mta. The tax incentives include income tax holidays of up to six years from commercial operations for pioneer companie...
Big Asian producers in the frame for Holcim Philippines acquisition
China's Anhui Conch Cement Co and Japan's Taiheiyo Cement Corp have been invited to the next round of bidding for LafargeHolcim's Holcim Philippines Inc, along with Eagle Cement Corp. Shares of Holcim Philippines have risen more than 50 per cent since January 2019, giving the cement maker a US$1.3bn market value, says Bloomberg. Holcim Philippines has also attracted interest from China Reso...
ACC Ltd's cement sales rise to 28.37Mt in 2018
At ACC Ltd's (LafargeHolcim group) 83rd Annual General Meeting, Neeraj Akhoury, managing director and CEO, said the company's cement sales had increased eight per cent to 28.37Mt in 2018. Mr Akhoury added that despite facing multiple rising costs of coal, fuel, petcoke and diesel the company registered robust revenue and volume growth across all four quarters of 2018. Cement sales rose by ov...
New slag cement grinding unit to be set up in Houston
Charah ® Solutions Inc has announced that it will use its patented grinding technology in a new facility to grind granulated blast furnace slag (GBFS) for supplementary cementitious materials. The unit will be located at Watco's Greens Port Industrial Terminal (GPIT) on the Houston ship channel and is expected to be operational in the 3Q19. "As one of the leading fly ash sales and marketing...
Bolivia’s Potosí plant construction 2/3 completed
Construction work on the US$241m state-owned cement plant in Chiutara, Potosí, has been 66 per cent completed, according to Bolivian President, Evo Morales. The cement works is currently being built by a consortium formed by Spain-based Imasa and Valoriza (Sacyr group) and Germany’s Polysius. The consortium was contracted by the Bolivian government in 2017 to build the 1.3Mta plant in 36 mon...
New finish mill commissioned at Oro Grande plant
CalPortland has commissioned a new cement grinding mill and distribution system at its cement plant in Oro Grande (CA), USA. The development brings an additional 64 per cent in total production capacity directly to the Oro Grande plant. The project is the culmination of the partial plant modernisation programme that was originally completed in 2008, prior to the acquisition of the facility...
Cemex Ventures teams up with TEFKEN Ventures in construction
Cemex Ventures Corporate Capital Unit has signed a collaboration agreement with T EFKEN Ventures, a Turkish industrial conglomerate working in the construction, agriculture, manufacturing and real estate sectors. The businesses will develop synergies between them to innovate the construction industry. The two investment funds will work to invest in new technologies and innovative solutions t...
Meghna Cement on track for mid-2019 VRM start-up
Meghna Cement Mills Ltd says that its expansion project is likely to complete in the mid-2019. The company signed a contract with FLSmidth in 2017 to import equipment for installing a second vertical roller mill (VRM) to increase its capacity to 2Mta at the cement producer's Mongla plant in Bangladesh. The contract for the VRM has been valued at US$15.7m, according to the 2018 company annual...
Arabian Cement posts 24% revenue increase in 2018
Egypt-based Arabian Cement Co, a subsidiary of Spain’s Grupo Bertolin, posted a 23.6 per cent YoY increase in revenue to EUR168m in 2018. Meanwhile, net profit also advanced 7.4 per cent to EUR11.9m for the year. The results show that, despite a depreciation in the Egyptian pound, Arabian Cement has remained profitable. It distributed over EUR10m in dividends in 2018.
Cementos Argos dispatched 16Mt of cement in 2018
Cementos Argos has released its financial figures and strategic milestones of 2018 during the shareholders' annual meeting. Cementos Argos reported a consolidated EBITDA of COP1.54bn (US$491.7m) and a growth of eight per cent. The company dispatched 16Mt of cement and 10.3Mm 3 of concrete generating income of COP8.4bn. Net income was COP178.563m in 2018. Regional summaries US cement dispa...
Cement Hranice records 10% sales rise in 2018
Czech Republic-based Cement Hranice (Buzzi Unicem group) saw its sales rise 10 per cent YoY in 2018 to CZK1.697bn (US$74.59m). Profit increased 15 per cent to CZK513m, compared with CZK443m of the previous year. "A positive contribution to the increase in sales came mainly from the boom of construction in the Czech Republic and from higher supplies to Poland," said Roman Michalcik, board mem...