Cement News tagged: Corporate
Akkermann Cement receives funds to acquire Akhangaracement JSC
Gazprombank has allocated funds for the acquisition by Akkermann Cement CA (part of the USM group) for a 98.6 per cent stake in Akhangaracement JSC in Uzbekistan. The transaction was implemented with the attraction of financing from Gazprombank, is not just a creditor but a strategic financial partner of Akkermann Cement LLC. The group of companies under the Akkermann Cement br...
Ha Tien sees 65% drop in 4Q net profit
Ha Tien 1 Cement JSC , in which Vietnam Cement Industry Corp holds a 79.7 per cent stake, reported a 65.4 per cent YoY fall in consolidated net profit to VND53.32bn (US$2.3m) in the 4Q21 due to a decrease in gross profit. The company’s net profit during the quarter declined 8.5 per cent YoY to VND2.02trn. In 2021 the company saw a 39.1 per cent drop in consolidated net profit to VND369.86bn ...
SONOCC announces resumption of production
Société nouvelle des ciments du Congo (SONOCC) will restart its production of cement from 31 January after several weeks of work stoppage, said the company’s Director General, Il Xingtao. It is expected that the additional output will help alleviate the cement shortage in the Republic of Congo and put an end to soaring cement prices. Prices have jumped to XAF120,000 (US$206.67) to date fro...
Ramco Cements to commission Kurnool clinker plant in February
Ramco Cements Ltd is expected to bring online its 2.25Mta clinker plant in Kurnool, India, in February. The 1Mta cement grinding unit, 12MW waste heat recovery system and 18MW thermal power plant are scheduled to be commissioned in FY2022-23. Its RR Nagar plant project, which will see a new energy-efficient 3000tpd kiln, is likely to be commissioned in FY2023-24. The modernisation project ...
Ecocem appoints Olivier Guise as executive director of strategy, technology and new business
Ecocem has announced the appointment of Olivier Guise as executive director of strategy, technology and new business. In this newly-create role, Mr Guise will develop and operate the company’s “ambition strategy” and accelerate progress in bringing its breakthrough low-carbon technology to the global cement and concrete market. He brings over 17 years of experience in the construction mat...
UltraTech Cement announces INR9.65bn capex for Birla White expansion
UltraTech Cement has announced a capital expenditure (capex) plan of INR9.65bn to modernise and almost double the production capacity of its white cement brand Birla White. The Aditya Birla Group company plans to increase the capacity of Birla White from the current 650,000tpa to 1.253Mta, UltraTech Cement said in a post-earnings statement. The company's board at its meeting on Monda...
Ramco Cements sees 59% fall in 3Q net profit
India-based Ramco Cements Ltd reported a 59 per cent decrease in standalone profit after tax at INR830m for the quarter ended 31 December 2021 (3QFY21-22). In the 3QFY20-21 standalone profit after tax was INR2.01bn. Net revenues for the 3QFY21-22 expanded 16 per cent YoY to INR15.56bn from INR13.45bn in the 3QFY20-21, as cement sales volumes increased 15 per cent to 3.01Mt from 2.61Mt in th...
First Graphene signs cement carbon reduction agreement with Fosroc International
First Graphene Ltd has formed a collaboration agreement with global construction chemicals manufacturer Fosroc International Ltd for the development of PureGRAPH ® graphene-enhanced cement additives or grinding aids. First Graphene managing director and CEO, Michael Bell, said: “The agreement with Fosroc is a significant further step for First Graphene as we implement our go-to-market p...
Qatar National Cement Co appoints new CEO
Qatar National Cement Co has announced the appointment of Engr Essa Mohammed Ali Kaldari as its chief executive officer with effect from 1 February 2022.
Dr Sibo 'Steven' Yan appointed as general manager of KHD Beijing
Dr Sibo 'Steven' Yan has been appointed as general manager of KHD's Chinese unit KHD Humboldt Wedag Machinery Equipment (Beijing) Co Ltd. Dr Yan holds a PhD from Beijing University of Technology and brings along an impressive background of experience and knowledge in industrial cement plant construction. During his term as Vice President at Humboldt Wedag Inc he has contributed largely to wi...
PT Indocement Tunggal Prakarsa reports sales volumes of 17Mt in 2021
PT Indocement Tunggal Prakarsa Tbk (INTP) (HeidelbergCement group) recorded sales of 17Mt in 2021, a three per cent increase from the previous year. "This achievement is more or less in line with the target," explained Antonius Marcos, director and corporate secretary of Indocement. Marcos explained a number of factors which impacted cement sales last year. "The main driving fac...
Iskitimcement ups output by 20%
Russia-based JSC Iskitimcement (owned by JSC HC Sibcem) produced 1.18Mt of cement in 2021, representing a 20 per cent YoY rise. The company also advanced sales by 21 per cent to 1.19Mt in the year. Bulk cement sales, which represent 80 per cent of total sales, reached 954,000t. In addition, 86,000t of cement were shipped in 1t bulk bags and 145,000t were dispatched in 25kg and 50kg paper bag...
Cemex extends Puerto Rico Port operation contract
The Executive Director of the Puerto Rico Ports Authority (APPR), Joel A Pizá Batiz, confirmed that he had renewed a contract to extend the operation of Cemex Puerto Rico at Pier 16 of the Port of San Juan for 20 years . "The renewal of the contract to extend operations responds to the vision of the Government of Puerto Rico to promote and implement recovery efforts in an efficient ...
Solidia Technologies appoints new vice president of R&D
Solidia Technologies ® has named construction materials industry leader and innovator Ambitabha Kumar PhD as senior vice president of Research and Development. Award-winning scientist, technologist and silica expert, Dr Kumar brings to Solidia over 30 years of experience in commercialisation and R&D, helping lead the development of new processes and materials using cements, ceramics, compo...
Seven Rings Cement hold durable concrete seminar
Seven Rings Cement recently organised a seminar titled "Durable Concrete for Sustainable Infrastructure" in Chattogram, Bangladesh. Prof Dr G M Sadiqul Islam, Chittagong University of Engineering & Technology, was present as the keynote speaker. Tahmina Ahmed, additional managing director, Seven Rings Cement, was present as the chief guest. Saif Rahman, director, Shun Shing Group Bang...
Belarusian plant increases production by 10.5 per cent YoY
The OAO Krichevcementnoshifer Cement plant in Kirchev, Mogilev Oblast, Belarus increased its cement production by 10.5 per cent YoY in 2021 to 2.001Mt, the company administration told PrimePress. Shipments of cement to domestic and foreign markets in January-December 2021 increased by 11.5 per cent to 2.029Mt. The plant has been operating since September 1996. In January 2012 it was re...