Cement News tagged: Corporate
CIMERWA posts a 7% revenue increase
Rwanda's CIMERWA has registered an after-tax profit of RWF4.1bn (US$3.95m) for the year ended September 2021, up 115.8 per cent compared to RWF1.9bn in the previous year. Revenue also advanced seven per cent YoY to RWF67.3bn. “We have achieved strong financial results in the year ending 30 September 2021 despite the effects of various COVID-19 lockdowns during the period. This excellent perf...
Huaxin Cement to begin plant operations within three weeks
Huaxin Cement is now expected to start production at its new 3000tpd plant in Nepal within the next three weeks, with the necessary preparations being made. "We are in the process of finalising the test production. Necessary equipment has been connected, and only some basic works remain. They will be completed in a few days,” said Dilliraj Pokharel, deputy general manager of Huaxin Cement I...
Saint-Gobain and Cementos Argos create joint venture
Saint-Gobain and Cementos Argos have entered a joint venture agreement to develop mortar solutions. The partnership will combine Saint-Gobain’s mortar technology with Argos’ strong leadership and local presence. The aim is to offer a wide range of solutions across Colombia to accelerate the evolution of the construction market towards a more professional and sustainable future, creating em...
Cementos Argos to list US business on NYSE
Cementos Argos plans to list its US business on the New York Stock Exchange after several months of analysis. The company will be listed through an initial public offering registered under the rules of the US Securities Exchange Commission (SEC) and will implemented once the structuring process has been completed, in compliance with applicable US regulations. The cement producer will aim to ...
Hsing Ta Cement sees 9% revenue increase
Taiwan’s Hsing Ta Cement has posted an 8.7 per cent YoY rise in revenue to TWD781.72m (US$28.2m) in November, increasing from TWD719.1m in the year-ago period. In the first 11 months of the year, revenue was down 1.8 per cent YoY to TWD6.6bn from TWD6.72bn.
Loma Negra inaugurates second line
Loma Negra (InterCement group) has inaugurated its new production line at the L'Amalí plant in Olavarría, Argentina. Together with national, provincial and municipal authorities, and the cement manufacturer’s customers and suppliers, the second production line of L'Amalí, the largest cement plant in South America, was inaugurated on 6 December 2021. Its incorporation allows the company to ...
Dalmia's Bokaro expansion project gets underway
A foundation stone for Dalmia Bharat Cement’s Bokaro expansion project in Jharkhand, India, has been laid by Hemant Soren, chief minister of the state. The project represents an investment of INR5.67bn (US$75.15m) and is expected to be completed within a year. Through debottlenecking works and the addition of the 2Mta grinding line, capacity at the plant is expected to increase from 3.7Mta t...
Boral sells US fly ash business for US$755m
Boral has called time in the US after more than 40 years with the sale of its fly ash business to Eco Material Technologies for US$755m, as it focuses on its construction materials business back in Australia. Chief executive Zlatko Todorcevski says the group’s ongoing divestment programme has now “unlocked substantial value”. “Together with the sale of the North American Building ...
Holcim collaborates with authorities over Lafarge SA case
Holcim is continuing to collaborate with the French judicial authorities, which interviewed a representative of Lafarge SA on 29 November 2021, for the second time since 2018, according to a press release. The development follows France’s highest court, the Cour de cassation, ruling that Lafarge’s previous indictment for complicity in crimes against humanity was wrongly cancelled by the Pa...
Medcem receives export award
Turkey-based Medcem has been awarded as both the company with the highest grey cement exports and the company with the highest increase in grey cement exports. The award was delivered at a gala night for Turkish Cement Exporters. Alongside this, Medcem is currently embarking on a US$230m project to expand its Mersin factory, raising clinker production capacity from 3.5Mta to 6.5Mta.
FCT forms alliance in China and opens new office
FCT Combustion has created a formal alliance with Enelco Environmental Technology Co (EETC), a leading supplier of air pollution control equipment systems for the utilities, pulp and paper, steel and related industries. The companies are joining forces to support the Chinese steel, cement, glass and other industries with innovative combustion equipment solutions to ensure production safe...
CRH's Ukraine operations rebrand
CRH’s cement plants in Ukraine are to operate under the new brand name of CEMARK. Mykolaivcement, Kamyanets-Podilskyi and Odessa cement plants will come under this branding. The rebranding of the CRH cement plants in Ukraine is linked with a change in the global brand structure for CRH entities. CRH is transitioning from being a holding company to being a global corporate brand. The ...
InterCement's cement volumes remain stable in 3Q21 at 5.4Mt
InterCement reports that its total cement volume remained at a solid 5.4Mt in the 3Q21, reflecting stability YoY due to the sizeable comparison base of last year, when post pandemic pent-up demand enhanced the base. The cement industry in Argentina remained on a strong pace, with Loma Negra volumes up eight per cent YoY, helped by some recovery of bulk segment. Argentine volumes expan...
HeidelbergCement agrees sale of Sierra Leone subsidiary
HeidelbergCement has signed an agreement to sell its subsidiary Sierra Leone Cement Corp Ltd (Leocem) to the Diamond Cement Group. The sale includes a cement grinding plant with two grinding mills. The Freetown cement plant has a capacity of ~500,000tpa. HeidelbergCement holds 50 per cent of the shares in the company and has full management responsibility. The divestment is part of...
Fujian Cement Co announces energy-saving projects
Fujian Cement Co Ltd has announced new projects for the Yongan Jianfu and Ansha Jianfu 4500tpd production lines. The energy-saving projects represent a total investment of CNY247.4m (US$38.84m). The plans are expected to see the renovation of the old systems at the existing operations of Yongan Jianfu and Ansha Jianfu, without additional land acquisition. A set of Ф200-180 roller press grindi...
Oman Cement increases conveyor capacity
Oman Cement Co has increased the capacity of one of its conveyor belts from 150 to 250tph. The increase of the conveyor that transports cement from the cement mill to the silo was achieved by EPC specialist Synergy International FZE, who was responsible for project planning, procurement and construction. Synergy International FZE specialises in mechanical power transmission and bulk material...