Cement News tagged: Corporate
JK Cement commissions capacity upgrade at Nimbahera works
India's JK Cement has completed a capacity upgrade project at its Nimbahera works in Chittorgarh, Rajasthan. The clinker capacity of Line 3 has been increased to 6500tpd from 5000tpd, with the works completed and commissioned yesterday.
PPC not to raise capital and focus on growth
South Africa-based PPC has successfully refinanced its debt and is close to finalising its restructuring. Therefore, the company will not require a capital raise, said its CEO, Roland van Wijnen. The new debt facilities of ZAR2.1bn have an extended maturity profile with the long-term facility of ZAR1.5bn being repayable over 3-5 years. The margins were reduced across all facilities to reflec...
HeidelbergCement acquires minority stake in Command Alkon
HeidelbergCement has signed an agreement to acquire 45 per cent of Command Alkon, a leading supplier of comprehensive supply chain technology solutions for heavy building materials. Thoma Bravo, a software investment firm, will retain the majority ownership. As a group, Thoma Bravo, HeidelbergCement and Command Alkon expect to continue to accelerate Command Alkon’s strategy to deliver best-...
Ghana cement factory needs US$4m to be resurrected
The pozzolana cement factory established by the Building and Road Research Institute of the Council for Scientific and Industrial Research (CSIR-BRRI), and abandoned earlier this year because of a lack of investment, requires US$4m to be resurrected, said CSIR-BRRI Director, Dr Daniel Asenso-Gyembibi. Situated in Gomoa Mprumem in the central region, the CSIR-BRRI plant requires revamping ...
Holcim completes bolt-on acquisitions in the US and Poland
Holcim has closed the acquisition of the Utelite Corp in Coalville, Utah (US), a leading producer of lightweight aggregates. Utelite will join Holcim’s Mountain region, alongside operations in the Denver, Phoenix and Las Vegas metro areas. Founded in 1962, Utelite’s more than 40 employees serve customers across the western USA and western Canada. The operation has more than 60 years of proven...
Ecocem appoints Benelux MD and technical director
Ecocem is appointing Paul Roos as Ecocem Benelux Managing Director and Joris Schoon as Technical Developer. Prior to this appointment, Paul was the EMEA Commercial Director at Huntsman Corp. At Ecocem, Paul will be responsible for managing Ecocem Benelux, focussing on the roll out of innovation solutions across this region. Joris Schoon joins as Low Carbon Cements and Concrete Tec...
International Cement Korday plans new 1.5Mta project
Kazakhstan’s International Cement Korday (International Cement Group Ltd) has entered into a joint venture agreement with Nurzhan Shakirov for the construction of a cement plant in Jambyl, Kazakhstan. The new project, Korcem LLP, is expected to have a new 3500tpd dry process cement clinker production line and represents an investment of approximately US$150m from internal sources and third-pa...
Holcim Croatia to invest HRK9.6m in low-carbon cement
Holcim Croatia will invest HRK9.6m (US$1.5m) in a project to develop low-carbon cement production. Around 35 per cent of this amount will be a HRK3.3m grant from Innovation Norway. The company plans the launch of to new brands of low-carbon cement. The project will see the construction of a closed warehouse for mineral additives and a new transportation system for their dosage. A successfu...
Eagle Cement Corp to consolidate raw material supply chain
The board of Philippines-based Eagle Cement Corp has approved the 100 per cent purchase of affiliate limestone quarrying firm, Solid North Mineral Corp (SNMC), in a PHP3.57bn (US$69.95m) deal. SNMC is currently majority-owned by Ramon S Ang, chairman of Eagle Cement. The move is expected to consolidate its raw material supply chain.
Dewan Cement sees 7% rise in turnover
Pakistan's Dewan Cement has announced a 7.3 per cent YoY rise in net turnover to PKR6.3bn (US$37m) for the year ended 30 June 2021, compared with PKR5.83bn in the year-ago period. The company also recorded a PKR666.4m loss for the FY20-21, which had contracted against the PKR1.32bn loss seen in the previous fiscal year.
Arabian Cement decides on court action over limestone dispute
Arabian Cement Co of Saudi Arabia has filed a lawsuit against Emaar the Economic City to claim the remaining quantities of limestone it should have received in accordance with an agreement signed between the parties on 28 April 2012. Under the settlement, Emaar EC was committed to provide, free of charge, 50Mt of limestone needed for the cement company's manufacture from the dredging out...
Lafarge Poland's Malogoszcz plant modernisation set to begin
The foundation stone for Lafarge Poland's Małogoszcz plant modernisation has been ceremonially laid, which signals the beginning of construction of a new rotary kiln. Małogoszcz is expected to produce one of the most environmentally friendly cements on the Polish and European markets, according to a press release. The investment in the project, supported by Krakow Technology Park, is wo...
Raysut Cement Co plans Duqm grinding plant start up for 4Q21
Raysut Cement Co's (RCC) US$30m Duqm grinding unit in Oman will come on-stream in the 4Q21. The Duqm plant will raise RCC’s group output to 7.4Mta, and help the company raise production to 10Mta by 2022. “Duqm plant will add another 1Mta to our capacity, helping us cater to Oman and other regional markets with increased supplies, where construction activity is poised to pick up in post-pand...
Dangote Cement appoints new deputy group MD
Nigeria’s Dangote Cement has appointed Philip Mathew as its new deputy group managing director and CEO, with effect from 15 September 2021. Mr Mathew has 34 years of working experience in global and regional cement industries, and has been involved in project management from feasibility to commissioning and stabilisation, according to the group.
BUA Cement signs 70MW Wärtsilä power plant agreement
BUA has signed an agreement with Wärtsilä OY of Finland for the construction of a 70MW dual-fuel power plant for the BUA Cement Sokoto Line 4 in Sokoto state, northwest Nigeria. This will be the second plant to be constructed by Wärtsilä for BUA Cement – the first being the BUA Cement Sokoto power plant scheduled to be commissioned alongside the plant in November 2021. Speaking at...
Rock Hard Cement closes operations in Trinidad
Rock Hard Cement has now closed its business in Trinidad and Tobago and is expected to look for opportunities elsewhere in the Caribbean. In a social media post, the company noted the challenges of operating in the country. “Unfortunately, the combination of a limit on imports of 55,000t combined with an import duty of 50 per cent means that Rock Hard Distribution Inc simply cannot operate in...