Cement News tagged: Corporate
Campulung modernisation is completed
KHD has successfully delivered upgrades to the pyroprocessing and cement grinding lines at Holcim Romania ’s Campulung cement plant . The project increases clinker production capacity at the plant and underlines KHD’s reputation as an expert and reliable partner for value-enhancing plant modernisation projects. “The Campulung project is a clear mark of confidence in our ability to des...
CEMEX supplies Vertua to world's 10th-largest football stadium
CEMEX has supplied its Vertua water-permeable concrete for the renovation of the University of Alabama’s Bryant-Denny Football Stadium, the 10th-largest stadium in the world and home to the 18-times national champion Crimson Tide football team. The use of permeable concrete benefits the stadium’s natural grass field in two key ways: it keeps the playing field from flooding, and it allow...
Finnsement appoints responsibility director
Finnsement has appointed a responsibility director. The appointment is part of a wider organisational reform to respond to the challenges posed by the constantly changing operating environment. With the support of the new management team, Finnsement is also more agile in promoting the company's strategic goals, such as long-term emission reduction work. Ulla Leveelahti has been appoint...
UltraTech Cement posts volume growth of 16%
UltraTech Cement Ltd ( Aditya Birla Group ) has announced its financial results with a robust volume growth of 16 per cent for the quarter ended 30 September 2023. Cement demand also maintained its positive momentum during the 2QFY23-24. The company witnessed demand from all sectors, fuelled by government led infrastructure, rural development and urban residential demand. Consolid...
Dandot Cement Co will start trial production soon
Dandot Cement Co Ltd ( 3 Star Group ), while providing an update about the Balancing Modernisation of Replacements (BMR) of 504,000t of its cement plant at Jehlum in Punjab, Pakistan, to the Pakistan Stock Exchange (PSX), expressed hope that the trial production is scheduled to commence soon after the equipment testing and commissioning phase. The company will resume its commercial operation...
PPC Zimbabwe managing director steps down
PPC Zimbabwe Ltd has announced the resignation of its managing director, Kelibone Masiyane. Mr Masiyane joined the company in 1994 as a trainee electrical engineer at the Colleen Bawn plant, before becoming manager of both that and the Bulawayo plant in 2009. He was appointed managing director of PPC in 2016, reports Chronicle. “After 29 years of service at PPC Zimbabwe Limited, seven ...
Better capacity utilisation improves financial result of 1QFY23-24
Pakistani cement producers listed in the Pakistan Stock Exchange (PSX) have yet to post their financial results for the first quarter of FY23-24 (July-September 2023). Yet, Topline Pakistan Research believes that their profitability will increase by 40 per cent YoY in the 1QFY23-24 due to increased cement dispatches and improved gross margins during this first financial quarter. Net sales a...
PPC opens new Highveld blending plant
South Africa’s PPC has opened its new Highveld blending plant in Emalahleni in the Mpumalanga province. According to the company, the new facility demonstrates PPC’s ongoing commitment to improving efficiencies, reducing turnaround times, and delivering excellence to all stakeholders in the Highveld region. “The opening of this Highveld plant allows us to optimise our logistics through loc...
Heidelberg Materials acquires PT Semen Grobogan plant
Heidelberg Materials , via its subsidiary Indocement , has signed an agreement to acquire 100 per cent of the shares in PT Semen Grobogan ’s integrated cement plant located in Central Java, Indonesia. The plant started commercial production in 2022. With this investment, Heidelberg Materials further strengthens its footprint in Indonesia, one of the company’s core markets in Asia-Pacific. ...
CNBM issues 9M23 profit warning
China National Building Material (CNBM) has issued a profit warning for the opening nine months of 2023. According to Reuters, the company expects to report a 70 per cent YoY contraction in profits over the nine-month period. The decline has been blamed on falling cement prices.
Power Cement Ltd made worthy exports in FY22-23
In the financial year ended 30 June 2023, Power Cement Ltd (PCL), witnessed a remarkable surge in net sales revenue, registering an increase of 65 per cent compared to FY21-22, according to the annual report . The local sales revenue appreciated by PKR5.65bn (US$20.53m) (39 per cent), coupled with an increase in exports by PKR5.79bn (185 per cent) compared to the corresponding period. PCL...
Lucky Cement Ltd wins award for Best Corporate Report – 2022
Pakistan’s Lucky Cement Ltd has won the Best Corporate Report Award in the cement sector category at the “Best Corporate & Sustainability Report Awards Ceremony – 2022”. The recognition was jointly announced by the Institute of Chartered Accountants of Pakistan (ICAP) and the Institute of Cost and Management Accountants of Pakistan (ICMAP). Atif Kaludi, CFO of Lucky Cement Ltd, said, “At ...
GCCA appoints Fernando González as new president
Fernando González, CEO of CEMEX, has been elected as the new president of the Global Cement and Concrete Association (GCCA), succeeding Jan Jenisch. Mr González has been the association’s vice president since 2018 and is seeking to galvanise collective efforts to cut greenhouse emissions, setting out the following priorities for industry and governments: • take decisive action to phase ou...
Breedon Ireland reports 48% profit growth in 2022
Breedon Ireland , the Irish cement-making business of the UK-based Breedon Group , reported profit of EUR21.5m in 2022, up 48 per cent from EUR14.5m in the previous year. Revenue over the same period advanced 21 per cent to EUR72.8m, according to Irish Independent. The results come despite higher energy prices and fears over what impact the government’s planned concrete levy would have on...
Ecocem proposal at Port of Los Angeles takes next step
The Port of Los Angeles has issued a Draft Environmental Impact Report (DEIR) for a proposed low-carbon cement processing facility at the port in Wilmington. According to Random Lengths News, Ecocem Materials Ltd , through its subsidiary Orcem California Inc, plans to construct a new processing facility at the port for the production of a low-carbon binder. The facility would import raw ma...
AfriSam invests in construction training programmes
To stay ahead in the industry’s war for talent, AfriSam has over the years placed skills at the forefront of its people development initiatives. With its several training programmes, the company has successfully created a pool of talent, not only to the benefit of its operations but the industry at large. Glenn Johnson, general manager of construction materials at AfriSam, believes ...