Cement News tagged: Corporate
UltraTech commissions Tadipatri production line
UltraTech is commissioning an additional 3.35Mta clinker along with 1.8Mta grinding capacity at its existing unit situated at Tadipatri, Andhra Pradesh, India. The capacity addition forms part of the 22.6Mta capacity expansion announced in June 2022. Furthermore, with debottlenecking, the company has increased the capacity of its grinding unit at Jharsuguda , Odisha, by 0.4Mta taking it ...
UltraTech Cement poised to buy 23% stake in India Cements
UltraTech Cement says it will buy a 23 per cent stake in Chennai-based rival The India Cements for up to INR18.85bn (US$226m), closing the gap on India's Adani Group. The decision was approved by UltraTech's Board of Directors during a meeting held on 27 June 2024. The investment, which is purely financial and not a related party transaction, is expected to help UltraTech retain a strong pr...
Dalmia Bharat Cement targets 130Mta
India’s Dalmia Bharat Cement plans to reach 110-130Mta of cement production capacity by 2031. The company has also announced an interim target of 75Mta by 2027. According to the company, it aims to achieve this through new construction projects, expanding existing facilities and through acquisitions. In May this year, its cement production capacity stood at 45.6Mt with projects underway t...
Holcim ramps up use of AI
Holcim is scaling up its use of artificial intelligence (AI) in manufacturing across more than 100 plants worldwide over the next four years, improving efficiency and reinforcing capacity for customers. With AI already deployed at 45 plants to predict and prevent failures before they occur, Holcim will deepen and broaden this application to boost operational resilience. This will entail Holc...
Saint-Gobain to acquire FOSROC
Saint-Gobain has entered into a definitive agreement to acquire FOSROC, a leading privately-owned global construction chemicals player for US$1025m in cash. Following the acquisitions of Chryso in 2021, GCP in 2022 and 33 additional acquisitions since 2021, this move is a new strategic step in establishing Saint-Gobain’s worldwide presence in construction chemicals, which will have combined ...
Lebap plant increases production in 4M24
In the January-April 2024 period, the Lebap cement plant in Koytendag, Turkmenistan, produced 295,200t of product with a total value of TMT59m (US$16.9m), up from last year, according to Trend. Of this total, approximately 17,800t was exported. Owned by Turkmen Cement , the Lebap plant has a total clinker capacity of 6000tpd, following the commissioning of a second 3000tpd line in 2023. ...
Atlantic Group to open new plant in Madagascar
Atlantic Group has laid the foundation stone on a new cement plant in Tamatava, Madagascar. This latest project forms part of the cement producer’s plans to develop its activities in the region, reports FratMat.Info. The new plant will have a cement production capacity of more than 500,000tpa and is expected to begin operations in the second quarter of 2025. To help protect the local env...
EBRD finances Çimsa's decarbonisation programme
The European Bank for Reconstruction and Development (EBRD) is providing a EUR25m loan to Turkey’s Çimsa to finance the cement company’s decarbonisation investment programme. The proceeds of the loan will fund the installation of a solar power plant, a waste heat recovery plant, a new silo and resource-efficiency process, and technology upgrades at the company’s Eskisehir plant. The ...
Shree Cement achieves 1GW renewable energy capacity
India-based Shree Cement Ltd has reached 1GW of renewable energy capacity following the commissioning of the company’s 19.5MW solar power plant at factory in Andhra Pradesh. The milestone includes solar, wind, thermal and waste heat recovery power plants. The company has invested INR40bn (US$478.6m) to expand its renewable energy portfolio, representing almost half of its total installed ...
Holcim invests in Travertine to advance decarbonised cement and circularity
Via its corporate venture capital and open innovation unit MAQER Ventures, Holcim has invested in Travertine to apply the start-up’s proprietary circular technology to the decarbonisation of cement. The new technology binds CO 2 from direct air capture to advanced mineral components, sequestering carbon. Nollaig Forrest, Holcim chief sustainability officer, said: “We’re excited to work wi...
Cementos Molins appoints new CEO
Cementos Molins SA has appointed Marcos Cela as its new CEO. Marcos Cela holds a degree in business management by the University of Barcelona, an MBA by ESADE Business School and a PADE senior management programme by IESE Business School. He developed his career at Decathlon Spain and Bic Graphic Europe, joining Molins in 2004 as finance director, a position he held until 2014. From that dat...
Mondi and Cemex launch SolmixMix bag in Spain
Mondi, a global leader in sustainable packaging and paper, has announced the Spanish launch of its ground-breaking SolmixBag in collaboration with Cemex , by bringing it to the building industry on the Balearic Islands of Ibiza, Mallorca and Menorca. Cemex and Mondi began working together on SolmixBag in 2021 when Cemex was looking for a sustainable cement bag to meet legal requirements o...
Heidelberg Materials appoints new MD of Midland Quarry Products
Andrew Boileau has been appointed managing director of Heidelberg Materials’ UK-based asphalt and quarrying business MQP (Midland Quarry Products). He replaces Rick Green, who has retired after a 40-year career in the industry, taking responsibility for MQP’s three quarries and 10 asphalt plants located across the Midlands region. Mr Boileau has extensive leadership experience within the ...
UltraTech proposes reduced cash offer for RAK White shares
The UAE Securities and Commodities Authority has approved the strategic decision of Aditya Birla Group -owned UltraTech Middle East Investment’s regional operations. This decision involves reducing the size of its cash offer component for an additional stake in Ras Al Khaimah Co for White Cement & Construction Materials , a move that is expected to strengthen the company’s position in the ma...
Heidelberg Materials converts Speed plant to slag grinding
Heidelberg Materials has announced the successful conversion of its cement plant in Speed , Indiana, USA, to a slag grinding facility to better support the increased demand for sustainable products in the fast-growing Midwest market. Following last year’s opening of its new state-of-the-art cement plant in Mitchell , Indiana, Heidelberg Materials ceased Portland cement production at i...
Lucky Cement obtains a credit line of PKR8bn
Pakistani financial institution and cement conglomerate the United Bank (UBL) and Lucky Cement Ltd announced that the bank will extend PKR8bn (SU$28.7m) to cement producers. Both organisations have yet to feed the material information on the Pakistan Stock Exchange (PSX) website, but both consents appeared in a public message on 25 June. The stand-by letter of credit facility, a financial...