Cement News tagged: Corporate
PPC welcomes new executive committee
South African cement producer PPC has restructured its executive committee to help boost the company’s profitability amidst forecasts of low cement demand across the country, according to The Herald. Mokate Ramafoko has been appointed chief revenue officer (CRO), responsible for boosting PPC’s top line, while Kevin Ross has been named as the new chief legal and compliance officer and com...
Carthage Cement reports record turnover
Tunisia-based Carthage Cement closed 2023 with a turnover of TND431m (US$138.7m), up 18 per cent when compared with the company’s turnover in 2022, driven by its cement and aggregate business. Domestic turnover increased 22 per cent to TND339m in 2023 from TND278m in 2022. Export turnover was stable at TND57m. Aggregate sales increased 27 per cent YoY from TND17.6m to TND22.4m in 2023. Co...
FLSmidth sells MAAG to Solix
FLSmidth Cement sold its MAAG gears and drives business to Sweden-based investment company, Solix Group AB. The transaction is expected to close during the 1Q24 and includes all related assets, including intellectual property, technology, employees and customer contracts. The divestment of the MAAG business is in line with FLSmidth Cement’s GREEN’26 strategy, which in combination with a grea...
Shree Cement begins production at Nawalgarh plant
India’s Shree Cement has commenced commercial production at its 4.2Mta cement plant in Nawalgarh . The facility, which is located at Village Gothra, Nawalgarh Tehsil, Rajasthan, began production on 22 January 2024. This latest plant forms part of the cement producer’s plans to reach a cement production capacity of 80Mta by 2030.
UltraTech Cement records consolidated net sales of INR164bn
UltraTech Cement Ltd ( Aditya Birla Group ) has released its financial results for the quarter ended 31 December 2023, reporting consolidated net sales of INR164,870m (US$1.983bn) compared with INR152,990m of the corresponding period of the previous year. Profit after tax was INR17770m, the highest-ever quarterly figure as compared to INR10580m in 3QFY22-23. The domestic grey cement sales v...
Adani Group ponders new cement plant in Godda
Adani Group is considering to build a cement plant in Santhal Pargana, having set up a 1600MW thermal power plant in Godda that will come on-stream mid-2024. A company spokesperson said: “In keeping with our groups expansion plans, we are considering a feasilbility study to set up a cement plant, most probably in Godda.” The proposed plant will use fly ash from the company’s existing pow...
Hetauda Cement to resume production in February
Following closure for three months due to a coal shortage, Nepal-based Hetauda Cement Industries Ltd is expected to resume production at its plant in Makanwanpur in the first week of February, according to República. Hetauda Cement Industry's General Manager, Basanta Raj Pandey,said that the plant management has requested the Office of the Prime Minister, the Council of Ministers and th...
Ambuja Cements to invest INR14bn in 6Mta Telangana plant
Ambuja Cements will invest INR14bn (US$168.3m) in the construction of a 6Mta cement plant in Telangana, India. The plant will be built on a 70-acre plot, said the company in a regulatory filing. Ambuja Cements is part of the Adani Cement Industries and operates 36.5Mta of cement capacity installed in 16 cement plants across India.
Southern Province appoints new chairman and deputy
Saudi Arabia-based Southern Province Cement Co has appointed Saad Bin Abdulaziz Alkroud as chairman of the Board of Directors. Mansour bin Abdulaziz Al Saghir was named as vice chairman and Saudi Al Burgan as secretary of the Board of Directors.
Crown Cement kicks start its sixth unit in Bangladesh
Md Mozharul Islam, senior general manager and company secretary of Crown Cement, has announced that the company was able to finally start commercial production of its sixth unit earlier this month after deferring it several times. The announcement says that commercial production of the sixth unit of Crown Cement PLC, with a production capacity of 8280tpd installed at its factory premises...
Summit completes deal with Argos USA
Summit Materials has successfully completed its US$3.2bn combination with Argos North America Corp, the US operations of Cementos Argos SA . The combined company will be known as Summit Materials with Argos holding around a 31 per cent share. “Today, we are excited to begin a new chapter at Summit Materials,” said Anne Noonan, Summit Materials' president and CEO. “As we transition into ...
Holcim's ECOCycle® recognised by World Economic Forum
Holcim ’s ECOCycle ® circular technology has been named a “Circularity Lighthouse in the Built Environment”, in a joint initiative between McKinsey & Company and the World Economic Forum announced at this year’s annual meeting in Davos. The Circularity Lighthouse designation recognises pioneering solutions that demonstrate a novel, distinctive circularity approach, proven and substantial imp...
Unique Cement launches new blended cement
Bangladesh-based Unique Cement Industries Ltd (UCIL) has launched a new blended cement: Dhalai Special Cement. The blended cement, which is being released to the domestic market, offers 25 per cent more sturdiness compared to PCC cements, according to the company, making it particularly suitable for casting roofs, floors, columns and beams. UCIL says that the new cement ensures 50 per ce...
UltraTech invests in renewable energy specialist
UltraTech Cement has entered into a share subscription and shareholders’ agreement to acquire a 26 per cent stake in Amplus Ages Pvt Ltd, a specialist in the generation and transmission of renewable energy. "The acquisition is for the purposes of meeting the company's green energy needs, optimising energy cost and comply with regulatory requirements for captive power consumption under e...
IFC invests US$130m in Iraq's Al Douh Cement
IFC is investing in Al-Douh Iraqi Company for Cement Industries (part of Al-Riyadh Investment Companies Group) to help boost economic diversification and improve sustainable growth in Iraq. IFC is providing a financing package of up to US$130m in long-term debt to Al-Douh. The financing will enable Al-Douh to expand its cement production capacity by 1.9Mta to reach overall production of a...
Holcim completes three European acquistions
Holcim has completed three bolt-on acquisitions in Europe, expanding its Solutions & Products portfolio for green growth. In Spain it has acquired a majority stake in Artepref SA, a fast-growing leader in innovative precast concrete solutions. In Greece Holcim has bought WATT Recycling, a leading waste management company that produces alternative fuels. Meanwhile, in the UK Holcim has entere...