Cement News tagged: Corporate
Cemento Polpaico closes two concrete plants
Chile-based Cemento Polpaico announced the closure of two concrete plants in Quilín and Renca, Metropolitan Region, as well as the temporary halt of operations at the Aconcagua Áridos plants. The step is due to the negative trend in the results of Polpaico Soluciones, which showed accumulated losses of CLP8386m (US$9.1m) before taxes as of June 2023 as a result of the crisis affecting the s...
Crafters Polypropylene Packages achieves record AD*STAR production
By producing 199,000 AD*STAR block bottom sacks in 24 hours on a single conversion line, Crafters Polypropylene Packages (PVT) Ltd has achieved a production record that has never been reached before for this type of sack. Crafters supplies the AD*STAR sacks primarily to the cement industry, one of its main customers being Pakistan’s biggest cement producer, Lucky Cement . With a sack weigh...
Jan Weckes becomes MD of SCHADE Lagertechnik
Jan Weckes is the new MD at SCHADE Lagertechnik Jan Weckes is taking on the leadership of SCHADE Lagertechnik, who has appointed him as its new managing director. Previously, at IAS GmbH, an international technology leader in the construction of induction furnaces, and member of the SMS Group, Dr Weckes had taken responsibility for strengthening order intake and expanding strategi...
UltraTech Cement and Adani Cement alerted to Heidelberg's Indian divestment rumour
UltraTech Cement ( Aditya Birla Group ), and the country’s second-largest cement producer, Adani Cement, may join the race along with Parth Jindal-led JSW Cement to acquire Heidelberg Material’s Indian operations, reports The Hindu. Heidelberg Materials has a cement manufacturing capacity of 13.4Mta across its Indian plants in Damoh (Madhya Pradesh), Yerraguntla (Andhra Prades...
CEMEX returns to Mexican debt capital markets
CEMEX has announced the successful pricing on 3 October 2023 of its sustainability-linked long-term notes for an aggregate principal amount of MXN6bn (US$332.6m), a transaction that represents its return to the Mexican debt market after a 15-year absence. The closing of the offering is expected to take place today, 5 October 2023, subject to satisfaction of customary closing conditions. ...
Titan America wins five awards at ConcreteWorks 2023
Titan America picked up five awards at the National Ready Mix Concrete Association (NRMCA)'s ConcreteWorks 2023 event held in Nashville this week. The company was recognised for its safety, energy efficiency, innovative technologies, and quality. Titan's Pennsuco facility in Medley, Florida, won the award in the innovative technologies category in the Portland Cement Association (PCA)'...
Cementos Molins releases its 2022 integrated report
Cementos Molins has released its 2022 integrated report, which shows that the Spanish multinational cement producer has reduced its clinker factor to 71 per cent and GHG emissions fell by two per cent to 563kg CO 2/ t of cementitious product. Commenting on the operating challenging environment, President, Juan Molins Amat, stated: “In 2022 we have had to live with high cost inflation and a ...
Pioneer Cement's profit rises by 149% in FY23
Pioneer Cement Ltd (PIOC) posted a profit after tax of PKR2.61bn (US$9.07m) in FY23 versus PKR1.05bn in the previous financial year, the company said in a statement to the Pakistan Stock Exchange on 28 September. This significant advance of 149 per cent YoY is mainly due to increased sales, which rose by 13 per cent to PKR36.16bn from PKR31.87bn in FY22. The cost of sales increased t...
RHI Magnesita completes acquisition of P-D Refractories
RHI Magnesita has completed the acquisition of the Germany, Czech Republic and Slovenia-based refractory businesses of the Preiss-Daimler Group (P-D Refractories). P-D Refractories is a producer of high quality alumina-based refractories for industrial applications in process industries, with a leading market position in the glass and aluminium sectors. The product portfolio of P-D Refracto...
First Graphene reports positive results from graphene-enhanced cement trials
First Graphene has announced positive results from the initial phase of the company’s graphene-enhanced cement trials in the UK. Approximately 600t of graphene-enhanced cement was produced at the UK's largest cement processing facility, operated by Breedon Cement . Graphene was consistently dosed and dispersed into a cement grinding mill using standard process equipment. It was reported t...
JSW Cement makes approach for Heidelberg Material's Indian cement operations
JSW Cement , the building materials business of steelmaker JSW Group , is in initial talks with Germany's Heidelberg Materials to acquire the latter's 13.4Mta cement businesses in India, according to The Economic Times of India. JSW Group has reportedly made an unsolicited offer to acquire Heidelberg Materials' local entities that primarily have capacities in the Indian peninsular. ...
Hanson UK becomes Heidelberg Materials
Hanson UK has become Heidelberg Materials , aligning with its parent company, which announced its new global branding in September 2022. “The construction sector faces global challenges such as climate change and the digitalisation of our industry; challenges we are better placed to meet as a strong, united Group,” said Simon Willis of Heidelberg Materials UK. “Having a single brand n...
SIKA launches new growth strategy
At today's Capital Markets Day in Zurich, Sika will presents its new Strategy 2028, “Beyond the Expected”, which the company says builds on the company’s successful growth model. “The roadmap leverages on Sika’s strong market position and innovation power and sets the course for an even stronger performance in the years to come,” the company said in a statement. The annual growth target ...
Power Cement looks to enhance financial and tax efficiencies
The Board of Directors at Pakistan-based Power Cement Limited has requested the company's management explore and evaluate opportunities for a potential reorganisation of group companies. According to Mettis Global, the objective is to enhance financial and tax efficiencies across the group's entities. The decision came in response to an invitation from the group's leadership, urging the c...
UltraTech reports 16% YoY sales volume growth in 1QFY24
UltraTech has announced Indian grey cement sales of 25.24Mt for the quarter ended 30 September 2023 (2QFY24). White cement sales over the same period came in at 0.42Mt giving a total sales volume for India of 25.66Mt for the quarter. Grey cement sales overseas stood at 1.18Mt for the three-month period, taking total consolidated sales for UltraTech to 26.69 in the 2QFY24. This marks a 16 ...
Heidelberg Materials management changes
Heidelberg Materials has announced a number of changes to its management board. The Group area Western & Southern Europe and the majority of Northern & Eastern Europe-Central Asia will be combined into the Group area Europe. Jon Morrish, currently responsible for Western & Southern Europe, will take on responsibility for this newly established Group area as of January 2024. Ernest Jelito, r...