Cement News tagged: Corporate
Askale Cement annnounces new corporate identity and vision
Aşkale Cement has changed its nearly 50-year corporate identity with a brand new image and design. The company has also announced its new vision that will guide its future goals. The Turkey-based cement producer has changed its focus from a local to a global player in the last few years. Its new corporate identity is expected to contribute to that while the brand is fulfilling its half-...
Cemex plans Guatemalan expansion
Cemex will increase its cement capacity in Guatemala by early 2023 with a new grinding mill at the Arizona facility in the port of San José. The new mill will increase cement capacity from 0.4Mta to 0.9Mta and will cost approximately US$25m. Cemex plans to produce low-carbon cements with the extra capacity. "This investment reinforces Cemex’s commitment to Guatemala’s development and ref...
RHI Magnesita appoints new COO
RHI Magnesita has announced a new member of its global executive management team. Effective from 1 October 2021, Rajah Jayendran, currently head of operations Europe/CIS/Turkey, succeeds Gerd Schubert, who is preparing to retire, as c hief operations officer (C OO). Stefan Borgas, CEO of RHI Magnesita, emphasises: "Rajah Jayendran has proven in- and outside our company that he is an e...
Cimencam sets up subsidiary to study additional plants
Cameroon’s Cimencam, part of LafargeHolcim Maroc, plans to create a new subsidiary in Figuil in the north of the country, where it currently runs a 0.15Mta cement plant. The new company will have a capital of XAF100m (US$018m). It will carry out all studies and operations relating to the possible creation of additional cement plants in Cameroon. It will also conduct ancillary studies to the e...
Belarus cement exports up 54% in 7M21
Cement exports from Belarus increased by 53.7 per cent YoY in the January-July 2021 period, according to Belarusian Cement Co. Total cement shipments increased 110 per cent and total sales surpassed BYN14.1m (US$5.7m), reflecting a profit margin of 8.9 per cent. The company’s cement production advanced by 4.6 per cent, while its lime and chalk output were up by 7.9 and 9.5 per cent, respecti...
Shree Cement announces INR47.5bn investment plan
India’s Shree Cement has announced an INR47.5bn (US$645m) investment plan, which includes solar power projects, an integrated cement plant and a grinding works. Around INR5bn will be used to set up solar power plants at its cement works across the country by September 2022, while INR7.5bn has been allocated to a clinker grinding project in Purulia, West Bengal, through its Shree Cement East ...
Carthage Cement lowers cement price
Tunisia-based Carthage Cement announced it will lower its wholesale prices for cement to TND150 (US$53.81) per 30t truck for two months. The decision will come into effect from 13 September 2021. The company said the step follows the advice of the National Chamber of Cement Producers after meeting with senior officials from the Ministries of Trade and Industry.
Cherat Cement Co kicks off Line 4 greenfield project
Cherat Cement Co Ltd (CHCC), during a financial briefing on 13 September 2021 updated about its planned Line 4 greenfield expansion of 10-11,000tpd at DI Khan, Khyber Pakhtunkhwa province in Pakistan. The completion of the project is expected in three years. The expansion represents an investment of PKR34bn (US$202.1m). The financing structure includes 70 per cent of the total cost w...
Udaipur Cement Works starts clinker expansion project
Udaipur Cement Works Ltd (UCWL) has started project activity for a brownfield expansion at its 1.6Mta site in Rajasthan. Due to the increasing domestic demand of cement and in view of government’s push towards infrastructure development, the company decided to double its clinker capacity. UCWL received the environmental clearance for the project from India's Ministry of Environment ...
Lafarge Cement Zimbabwe's CEO steps down
Lafarge Cement Zimbabwe Ltd has announced the resignation of its CEO, Precious Murena, with effect from 9 September. Precious Murena joined the company in 2011 and became CEO in 2020. Amr Elmowafy Aly Mowafy, currently Chief Financial Officer, will assume the role of Acting Chief Executive Officer in the interim until the appointment of the substantive CEO.
Oman Cement plans brownfield project
Oman Cement is reportedly planning to proceed with a brownfield expansion of its cement works, which would see it increase clinker capacity to 15,000tpd from 8700tpd. The company is expected to construct a new 10,000tpd line and upgrade its Line 3 from 4000tpd to 5000tpd, while decommissioning its two older lines. It has contracted PEG Resources (Switzerland) to carry out the technical study...
Ecocem appointment Pat Cox as chair
Ecocem has announced the appointment of Pat Cox, former president and member of the European parliament (MEP) and former member of the Irish parliament, as chair of Ecocem Group. Pat is chair of the Finance Green Ireland Committee and is presiding over the inaugural Dublin Climate Dialogues this year. He is also Chair of the Gore Street Energy Storage Fund – the first-ever listed fund f...
The WCA welcomes Baker Hughes as associate corporate member
The World Cement Association (WCA) has announced that global energy technology company, Baker Hughes, has become the latest addition to its international community, joining as an associate corporate member. Baker Hughes operates in over 120 countries, designing, manufacturing and deploying innovative technologies and services that help make energy safer, cleaner and more efficient. Speciali...
Holcim divests Brazilian business
Holcim has signed an agreement with Companhia Siderúrgica Nacional (CSN) for the divestment of its business in Brazil for an enterprise value of US$1.025bn. The deal includes Holcim’s five integrated cement plants, four grinding works, six aggregates sites and 19 RMC facilities, according to a press release. "This divestment is another step in our transformation to become the global leader i...
Universal Cement sees 18% rise in revenue
Taiwan’s Universal Cement has seen a 17.5 per cent YoY rise in August revenue to TWD431.2m (US$15.61m), compared to TWD366.99m in the year-ago period. In the first eight months of the year, revenue advanced 11.5 per cent to TWD3.83bn from TWD3.44bn.
Thatta Cement Co increases Sindh’s capacity
Thatta Cement Co Ltd has completed its increases in clinker and cement capacities at its plant in Makli, Thatta district, Sindh province, Pakistan. The company shared this update with the Pakistan Stock Exchange Ltd about important material information earlier this week. The company has completed in-house modifications and improvements in the processes of the existing plant. Its techni...