Cement News tagged: Corporate
Cemex supplies Paris Olympics
Cemex has supplied architectural and Vertua lower-carbon concretes for the construction or renovation of multiple venues in Paris that will host sports competitions this summer. The projects that Cemex participated in include the Olympic Aquatic Centre, the Grand Palais and the Athlete’s Village. “These projects exemplify Cemex’s versatility, delivering tailor-made solutions that best s...
PPC FY23-24 results bolstered by strong Zimbabwe performance
PPC has reported revenue of ZAR10,058m (US$551.8m) in FY23-24 (ended 31 March 2024), marking a 20.6 per cent increase from ZAR8339m in the same period a year earlier. According to the company, this was primarily driven by the strong performance in its Zimbabwean operations. EBITDA over the same time frame improved 38.6 per cent from ZAR896m to ZAR1242n, with the EBITDA margin up 1.6 percenta...
Cemex launches Vertua in Florida
Cemex has announced that Vertua ® , its portfolio of sustainable products, is now available in Florida. Establishing the foundation for thousands of new homes in Sarasota County, Florida, this residential project showcases Cemex's commitment to environmental responsibility and advancing the construction industry toward a more resilient future, according to the company. Cemex was recruited...
Holcim acquires Cand-Landi Group to accelerate decarbonisation and circularity at Eclépens
Holcim acquired the Cand-Landi Group in Switzerland to advance decarbonisation and circular construction. With consolidated net sales of CHF70m (US$11.4m) and 250 employees, Cand-Landi’s diversified businesses range from recycling and waste management to aggregates and ready-mix. The acquisition will accelerate decarbonisation at Holcim’s Eclépens plant in Switzerland by providing new sour...
Dangote ramps up investment in Zambia with second plant
Dangote Cement has announced plans to double its investment in Zambia by building a second cement plant. The company has already constructed one plant in Masaita at a cost of US$450m but this investment will now be boosted to US$900m with plans for a second facility, reports The Guardian. The Masaita works is designed to have a cement production capacity of 1.5Mta and is scheduled to reac...
Southern Province Cement and Yanbu Cement Co sign an MoU for amalgamation
According to Saudi Exchange (Tadawul), Southern Province Cement Co announced the signing of a non-binding Memorandum of Understanding (MoU) with Yanbu Cement Co on 23 June 2024 to evaluate the feasibility of merging the two Saudi Arabian companies. Both companies will commence due diligence, a comprehensive examination of operational, technical, financial, legal and actuarial aspects. Thi...
PIBTL to settle its foreign exchange debt in a couple of years
Pakistan International Bulk Terminal (PIBTL) is expected to repay all financial dollar-based loans by June 2026. At a recent conference hosted by Topline Research, Shariq Azam Siddiqui, CEO of PIBTL, and Arsalan I Khan, CFO of PIBTL, shared their expert insights on the company’s operations and the promising outlook for coal and cement handling in Pakistan. They talked about the foreign loa...
alcemy and Spenner launch 'CEM X'
Alcemy, a Berlin-based AI start-up focussed on decarbonising cement and concrete production, has announced that German cement manufacturer Spenner GmbH has produced commercially viable 'CEM X' using alcemy’s quality control software. Alcemy and Spenner’s ‘CEM X’ offering is a durable, low-carbon and cost-competitive cement alternative that boasts a 65 per cent reduction in carbon emissions. ...
Groundbreaking ceremony on CAP2U project at Lengfurt
On 19 June 2024, Linde and Heidelberg Materials hosted a groundbreaking ceremony for their large-scale carbon capture and liquefaction plant in Lengfurt , Germany. Christian Knell, general manager of Heidelberg Materials Germany, and Andreas X Müller, managing director of Linde Gas Germany, welcomed around 50 guests to this milestone event on the construction site at the Lengfurt cement pla...
Adani Cements to increase marine transport
Following its recent acquisition of Penna Cement Industries , India-based Adani Cements plans to increase the use of sea transport in its logistics mix. Currently, Adani uses sea transport for less than two per cent of its cargo, but this is expected to increase to 10 per cent by 2027-28. Penny Cement has five bulk terminals at Kolkata, Gopalpur, Karakul, Kochi and Colombo, and these wil...
Anhui Conch announces management changes
Anhui Conch Cement has announced the resignation of Zhou Xiaochuan as executive director, joint company secretary, and member of the ESG Committee, effective from June 19, 2024. Yu Shui has been appointed joint company secretary and authorised representative, and is nominated as a candidate for executive director, awaiting shareholder approval at an upcoming extraordinary general meeting...
Khayah Cement highlights energy challenges
Khayah Cement has said high energy costs along with cheap imports are threatening Zimbabwe’s cement producers, reports AllAfrica. According to the company, although power supply has remained relatively stable, power voltage fluctuations continue to affect the smooth running of its cement plant. “The high power costs compared to neighbouring Zambia continue to pose a significant challenge...
Michael Greto appointed as new supply chain VP at Giant Cement
Giant Cement Holding Inc has named Michael Greco as new vice president of supply chain. Mr Greta joined the company’s cement division in August 2008 with expertise in logistics founded in a Bachelor of Science in Transportation Economics from Emory-Riddle Aeronautical University and complemented by Advanced Studies APICS Certifications in Supply Chain Management from Villanova University. A...
Votorantim Cimentos Spain appoints new sustainability director
Votorantim Cimentos España has appointed Carmen Boulet as its new director for sustainability, strategy and new business, reporting directly to CEO, Alan Svaiter. An industrial engineer with an MBA from Colombia Business School, Ms Boulet started her career at McKinsey & Co. During that period she accompanied large companies in the world of banking, energy and telecommunications in Latin A...
Maple Leaf Cement reclassifies PKR26bn investment plan
Maple Leaf Cement Factory Ltd informed the Pakistan Stock Exchange (PSX) on 12 June that it had reclassified its PKR26bn (US$93.3m) capital expenditure plan. In addition, the Board of Directors of Maple Leaf Cement approved that for years the company has continued its expansion and diversification strategy and has made significant investments that have enhanced shareholder enterprise value. ...
Heidelberg Materials appoints chief sustainability and new technologies officer
Heidelberg Materials has appointed Dr Katharina Beumelburg as a new member of the managing board and chief sustainability and new technologies officer, effective from 1 October 2024. Dr Beumelburg will succeed Dr Nicola Kimm who will leave the company after completing her three-year term of office on 31 August 2024. Dr Beumelburg joins Heidelberg Materials from SLB (formerly Schlumberger)...