Cement News tagged: Corporate
Holcim launches world's first 1.5°C science-based framework
Holcim has announced the launch of the world’s first 1.5°C science-based framework to decarbonise the cement industry, following its partnership with the Science Based Targets initiative (SBTi). The framework was independently developed by the SBTi, in collaboration with an expert advisory group representing academia, civil society and industry, to decarbonise cement in a rigorous and scienc...
Fauji Cement more than doubles revenue in FY2022
Pakistan-based Fauji Cement Company Ltd has reported revenue of PKR54,243m (US$227m) in the year ended 30 June 2022, compared to PKR24,271m in the same period a year earlier. Over the 12-month period, operating profit advanced from PKR5053m to PKR11,982m, while profit for the year improved from PKR3471m to PKR7112m. Earnings per share in the year ended 30 June 2022 came in at PKR3.26, up fro...
HeidelbergCement becomes Heidelberg Materials
HeidelbergCement has changed its name to Heidelberg Materials . The company revealed its new brand identity in the presence of hundreds of employees at its headquarters in Heidelberg, Germany. ‘Heidelberg’ remains as a synonym for continuity and market leadership. ‘Materials’ replaces ‘Cement’ and stands for an innovative portfolio of sustainable and intelligent building materials as we...
Cementa releases 2022 economic report
Cementa has released its economic report 2022. This year's economic report presents an unusual number of uncertainties surrounding the international economic situation, which makes this year's forecast particularly uncertain, says the Swedish cement producer. The report confirms that in the domestic market, Cementa is facing a sharp slowdown in the construction of apartment buildings in t...
Makin Teguh Sdn Bhd launches Lahad Datu cement plant
Makin Teguh Sdn Bhd (MTSB), in which Bornoil holds a 30 per cent stake, has opened a new cement plant, located adjacent to Borneo’s first limestone and marble quarry in Sabah, next to the Segama River. MTSB’s Lahad Datu integrated cement manufacturing plant is designed using the latest Chinese technology with great emphasis towards environmental protection and efficient energy use. It is t...
CEMEX reaffirms commitment to UN SDGs
CEMEX has announced that it is reaffirming its commitment to the United Nation’s Sustainable Development Goals (SDGs), particularly those focused on climate action; sustainable cities and communities; responsible consumption and production; and industry, innovation and infrastructure. CEMEX CEO, Fernando A González, participated in a CEO roundtable hosted by UN Secretary-General António G...
Hoffmann Green sees 11% YoY rise in cement sales
France-based Hoffmann Green Cement Technologies , a specialist in the production of clinker-free cement, has reported revenue of EUR544,000 in the first half of 2022, up from EUR540,000 in the same period a year earlier. EBITDA came in at -EUR3.5m in the 1H22, compared to -EUR2.6m at the end of the 1H21. According to the company, the decline in EBITDA is due to an increase in the purchasing o...
QNCC and Gord sign MoU on low-carbon products
The Qatar National Cement Company (QNCC) and Gulf Organisation for Research & Development (Gord) have signed a Memorandum of Understanding (MoU) pledging to improve efforts at promoting a more sustainable built environment, reports the Gulf Times. Under the agreement, the partners will collaborate on research, development and innovation (RDI) projects in the field of green/low-carbon buil...
Holcim expands digital customer platform
Holcim is expanding its proprietary digital customer platform, ConcreteDirect, from North America to Europe and Latin America. This expansion of the comprehensive digital platform for construction job site professionals offers a seamless customer experience from France, Germany and the UK, all the way to Colombia, Ecuador and El Salvador. The platform connects all relevant jobsite profession...
Adani Group to double cement production capacity
The Adani Group plans to double its cement production capacity over the next five years, according to Gautam Adani, group chairman. Speaking at an event in Mumbai to mark the closure of Adani Group’s acquisition of Holcim ’s stakes in Ambuja Cements and ACC Ltd , Mr Adani said that he expects capacity to go from the current 70Mta to 140Mta over the course of the next five years. “Whil...
CRH completes latest phase of buyback programme
CRH plc has completed the latest phase of its share buyback programme, returning a further US$0.3bn of cash to shareholders. Between 16 June 2022 and 19 September 2022, 8.2m ordinary shares were repurchased on Euronext Dublin at an average discount of 0.93 per cent to the volume weighted average price over the period, according to the company. This brings the total cash returned to sharehold...
CIMAF Gabon to build clinker factory in Meba
CIMAF Gabon is establishing a clinker factory in the Meba area of Gabon, 40km east of the capital. CIMAF’s project was announced at the prime minister's office on 13 September, with the signing of an investment agreement between the leaders of CIMAF and the Gabonese authorities. No further details were given at the time. The Moroccan owned company currently operates a 0.85Mta grinding pl...
Ambuja Cements welcomes new CEO and CFO
Ambuja Cements Ltd has announced a number of managerial appointments. Effective from 17 September 2022, Ajay Kapur is the company’s new chief executive officer (CEO) and whole-time director, Vinod Bahety is the new chief financial officer (CFO), and Rajiv Gandhi has been appointed company secretary and compliance officer.
Holcim Belgium joins Fluxys CO2 network
Holcim Belgium is joining forces with Fluxys to meet the cement producer's carbon neutral objectives as part of its Go4Zero programme. The first phase of Go4Zero is the construction of a dry-process clinker kiln at Holcim’s Obourg site, replacing the two current wet-process kilns. Once completed, the kiln will be capable of producing 6000tpd of clinker, making it the largest in Europe. Due...
Holcim closes sale of India business
Holcim has closed the sale of its business in India to the Adani Group. The deal includes Holcim’s stake in Ambuja Cement at a share price of INR385 (US$4.82) and in ACC at a share price of INR2300, resulting in cash proceeds for Holcim of US$6.4bn, according to Dow Jones. Holcim held a 63.11 per cent stake in Ambuja Cement, which owns 50.05 per cent of ACC, along with a 4.48 per cent di...
PPC Group revenues rise 9%
PPC's group revenues, excluding Zimbabwe, for the five months ended August 2022, increased by nine per cent, driven by robust demand in Rwanda but impacted by hyperinflation accounting. Group cement sales volumes (including Zimbabwe) for the period were in line with the previous comparable period as subdued demand in South Africa and the impact of a maintenance-related kiln shutdown in Zimba...