Cement News tagged: Corporate
Raysut Cement 1H loss widens
Oman-based Raysut Cement posted a total revenue of OMR31.6m (US$82.1m) in the first half of 2024, representing a 5.7 per cent decline when compared with OMR33.5m in the year-ago period. The group’s loss widened to OMR4.7m from OMR1.7m in the 1H23.
Votorantim's Edealina plant to double cement capacity
Votorantim Cimentos has announced an investment of BRL200m (US$36.8m) in the expansion of its Edealina cement plant, in the state of Goiás, Brazil. The modernisation project will add 1Mta to the current cement capacity. The project consists of the construction of a new grinding line that will double production capacity to 2Mta. The project is expected to be completed in the 2H25. The ex...
Mbeya Cement Co Ltd appoints a new CEO
Mbeya Cement Co Ltd , a member of Amsons Group and building materials manufacturer, under the 'Tembo Cement' brand has appointed Dr Mohamed Ismail Elsaidy as its new CEO and member of the Executive Committee. Dr Elsaidy brings 25 years of multinational experience in heavy industry manufacturing and business management to the company. His appointment represents the company’s continued commi...
Bamburi Cement receives acquisition deal
Amsons Group, Tanzania's leading manufacturing and energy giant, has offered to acquire a 100 per cent share in Bamburi Cement of Kenya in a proposed US$180m deal. The offer has been made by the Amsons Industries (k) Ltd subsidiary to buy the shares at KES65 (US$0.51)/share. The cash offer represents a 42.39 per cent premium share price as of the closing of NSE trade in 9 July 2024. ...
Ras Al Khaimah White Cement becomes a subsidiary of UltraTech Cement Middle East
Following UltraTech Cement Middle East Investments Ltd' s (UCMEIL) partial cash offer for acquiring shares (25 per cent) of Ras Al Khaimah Co for White Cement (RAKW) and Construction Materials PSC in May 2024, a shareholders' meeting was held on 9 July and the final allotment of shares in the name of UCMEIL was announced on 10 July. Together with the existing shareholding in RAKW ( Ultra...
Command Alkon acquires Marcotte Systems
Command Alkon has acquired Marcotte Systems, a technology leader providing best-in-class software solutions for producing and delivering concrete. This strategic acquisition includes all Marcotte’s products and reinforces Command Alkon’s dedication to supplying the ready-mix/concrete, aggregates and asphalt technology industry with global software solutions. “Joining forces with Command Al...
Nigerian House of Representatives threatens to issue arrest warrants for Dangote
A committee from Nigeria’s House of Representatives, investigating the hike in cement prices, has warned it will issue arrest warrants for Dangote Cement’s management after executives failed to honour an invitation. Chaired by Jonathan Gaza, the House Committee on Solid Minerals issued the threat on 9 July during a National Assembly hearing after the company failed to show up. Gaza stated that...
Bengal Cement appoints new COO
Bangladesh-based Bengal Cement has appointed Dr Khandker Ataur Rahman Rifat as its chief operating officer (COO). The new COO has 29 years of experience in the industry. "He has selflessly enriched Hyundai Cement, Cemex Cement, Meghna Group, Lafarge-Holcim Bangladesh, Aman Cement, and Metrocem Group with his versatile qualities, experience, knowledge and wisdom," the press release added. ...
Holcim acquires Mark Desmedt to accelerate circular construction
Holcim has completed the acquisition of Mark Desmedt in Belgium, advancing circular construction in Europe in line with its target to recycle 10Mta of construction demolition materials. Mark Desmedt recycles more than 500,000tpa of construction demolition materials and is strategically located to serve Belgium’s two largest metropolitan areas, Brussels and Antwerp. Miljan Gutovic, CEO, H...
Trinidad Cement changes two executive managers
Trinidad Cement Ltd has announced two changes to its executive management team. The Cemex subsidiary's General Manager, Guillermo Rojo de Diego, will be replaced by Cemex Commercial VP, Gonzalo Rueda Castillo. Roberto Adrian Villarreal Villarreal will take over from Gustavo Alejandro Ruiz Silva as group strategic planning manager. Mr Rojo was appointed general manager in 2019 and will help...
FLSmidth Cement and Carbon Re sign cooperation agreement
FLSmidth Cement and Carbon Re have announced a cooperation agreement to integrate FLSmidth’s Cement's ECS/ProcessExpert ® advanced process control software, known as PXP, with Carbon Re's AI-powered cloud platform. This will provide cement producers with access to state-of-the-art process optimisation capabilities that will see artificial intelligence and machine learning uncover energy effic...
Alfalah ul Alami joins WCA as an associate corporate member
The World Cement Association (WCA) is welcoming Alfalah ul Alami, a mining and construction materials production company, based in Afghanistan, as an associate corporate member. Alfalah ul Alami is a profit-based company that the Islamic Emirate of Afghanistan contracts. In partnership with national and international companies, the company is currently dedicated to constructing a cement pla...
Cementos Moctezuma appoints director of legal affairs
Mexico-based Cementos Moctezuma SA de CV , part of Cementos Molins SA , has appointed Fortino Delgado Carillo as its new corporate director of legal affairs. Mr Delgado will replace Belen Molins Benavent, who resigned as of 1 July 2024 for personal reasons. Mr Delgado has more than three years of experience in the legal and corporate affairs of the company and worked previously as a manager...
Amran Cement Factory to be modernised
Chairman of the Board of Directors of the Yemeni General Corp for Cement Industry and Marketing , Yahya Atifa, has reviewed the progress of production work at the 2Mta Amran Cement Factory . Mr Atifa, accompanied by First Undersecretary Governor, Abdul Aziz Abu Kharfsha, inspected the work conditions at the factory. In the meeting, chaired by Mr Atifa, the performance and work level of al...
Unacem to invest US$300m to reduce its carbon footprint by 2030
Peru-based Unacem Group has published its Corporate Roadmap to 2030, setting a carbon emissions target of 1500kg of CO 2 /t of cement by 2030 in all its operations, representing a reduction from 607kg, and to achieve carbon neutrality by 2050. To achieve the target the company is investing US$300m by 2030. In 2023 the company achieved a reduction of 5kg of CO 2 /to of cement and has set a to...
JK Cement posts 65% YoY jump in PAT
JK Cement has reported revenue from operations of INR109,180m (US$1308m) in FY2023-24 (ended 31 March 2024), up 17 per cent YoY. Net sales over the same period came in at INR105,630m, marking a 16 per cent YoY expansion, while profit after tax jumped 65 per cent YoY to reach INR8310m. Over the 12-month period the company produced 18.53Mt of grey and white cement (including wall putty), u...