Cement News tagged: Corporate
INSEE Cement offers cement to war veterans and their families
Sri Lanka’s INSEE Cement has signed a Memorandum of Understanding (MoU) with the country's Ministry of Defense to provide cement at a concessionary price to families of war veterans who have been disabled or killed in combat. The MoU forms part of a broader initiative by the cement producer launched earlier this year to provide lower-priced cement to all Tri-armed forces personnel in recogni...
Votorantim to receive US$150m loan for Salto plant
The International Finance Corp (IFC) has proposed a US$150m investment 'A Loan' to Votorantim Cimentos SA for a capex project to enhance the cement co-processing capacity of Salto’s plant , in São Paulo State, Brazil, by upgrading kiln W4 and building a new residue-derived fuel (RDF) facility for refining solid non-hazardous and hazardous waste with an installed capacity of 120,000tpa. ...
FLSmidth sells AFT filter media business
FLSmidth has sold its filter media business, AFT®, to the Micronics Engineered Filtration Group. AFT was started by FLSmidth in 1999 and was known previously as Advanced Filtration Technologies. The acquisition of AFT significantly expands Micronics’ portfolio of engineered filtration solutions to better serve customers’ baghouse filtration needs in industries such as cement, lime, coal-fired ...
Holcim receives EU Innovation Fund grants for CCUS projects
Holcim has been selected for three grants from the European Union Innovation Fund for breakthrough carbon capture utilisation and storage (CCUS) projects in Belgium, France and Croatia. According to the company, the projects were selected for their highly scalable profile, mature technologies, and advanced partnerships to advance the EU’s Green Deal, putting clean technologies to work for a ...
Heidelberg Materials announces closed-loop recycling project
As part of its decarbonisation strategy, Heidelberg Materials is pioneering a large-scale closed-loop recycling project called CIRCO₂BETON®. As a first in France, the company will install an industrial-scale selective separation platform at its Achères quarry near Paris, where demolished concrete will be crushed using novel processes and separated into its components: sand, aggregates, and r...
Oman Cement Co sees net profits rise 32% in 1H23
Oman Cement Co , which is listed on the Muscat Stock Exchange, has achieved a 32.02 per cent increase in net profit for the first half of 2023. According Oman Cement’s financial statement, it achieved annual profits of OMR4.19m for the 1H23, surpassing the OMR3.17m achieved in the 1H22. The company saw revenue growth of 5.13 per cent in the 1H23 and revenue totalled IMR36.76m, up from OMR3...
UltraTech commissions 1.3Mta expansion in West Bengal
UltraTech Cement has commissioned its 1.3Mta brownfield cement capacity expansion at Sonar Bangla , West Bengal, taking the plant’s total capacity to 3.3Mta. This marks completion of the company’s first phase of expansion in the eastern region. UltraTech has commissioned cement capacity of 10.3Mta in the region over the last two years, catering to the rapidly-growing cement demand in the...
Steppe Cement reports lower volumes in 1H23
Kazakhstan-based Steppe Cement Ltd has reported sales volumes of 749,034t of cement in the first half of 2023, down from 837,063t in the same period a year earlier. Revenue over the same period fell from KZT19,579m (US$44.09m) to KZT16,977m. The average price for delivered cement over the 1H23 stood at KZT22,665/t (ex-VAT), compared to KZT23,391/t in the first half of 2022. The ex-factory pr...
Holcim invests in start-ups for disruptive innovation
Holcim has invested as a limited partner in Suffolk Technologies’ US$110m venture capital fund, supporting start-ups at the forefront of disruptive innovation in the building industry, from sustainability to artificial intelligence. As part of this fund, Holcim is committed to supporting the most promising start-ups by giving them access to capital as well as its global technology, expertise...
China Resources Cement Holdings issues profit warning
China Resources Cement Holdings Ltd has issued a profit warning for the six months ended 30 June 2023. According to the company, it expects to report a 63-38 per cent contraction in profit attributable to the owners, compared to the same period in the previous year. The decline is being attributed to lower selling prices of the group’s products over the six-month period, along with lower sa...
Mixed bag of results for Taiwanese producers in June
Taiwanese cement producers have seen a mixed bag of results for June as well as the opening six months of the year. Universal Cement has reported revenue in June 2023 of TWD604.3m (US$19.26m), up from TWD573.03m in the same month a year earlier. Revenue for the first six months of 2023 came in at TWD3754.7m, compared to TWD3280.9m in the 1H22. Lucky Cement Co also saw its revenue exp...
Dandot Cement Co has makes BMR programme progress
The Lahore-based Dandot Cement Co Ltd recently updated Pakistan Stock Exchange (PSX) about progress made on the Balancing Modernisation of Replacements (BMR) of 504,000t of its cement plant at Jehlum in Punjab, Pakistan, during April-July 2023. However, cement production has remained suspended due to the closure of plant operations for BMR activity since September 2019. According to Dandot ...
Prism Johnson transfers land and mining lease to Ramco Cements
Prism Johnson Ltd is transferring a number of limestone-bearing land parcels in Andhra Pradesh to Ramco Cements Ltd . The land, located in Kalvatla and Kotapadu, comprises 1420 acres. Prism Johnson is also transferring a mining lease granted by the Government of Andhra Pradesh covering 663 acres to Ramco Cements Ltd, reports Realty Plus. According to Prism Johnson, it originally purchas...
Kant Cement Plant completes conversion project
Kant Cement Plant OJSC , the largest producer of cement in Kyrgyzstan, has successfully completed conversion of its cement mill No 8 to a closed-circuit grinding system to achieve improve its product quality and energy efficiency. The project forms part of a large-scale reconstruction of production by the United Cement Group . Modernisation of the Kant Cement Plant began in 2021 with th...
Cementos Inka opens Pisco plant
Cementos Inka has opened its second plant in Pisco , Peru. The plant strengthens the company’s position to compete in the central and southern part of the country. Christian Pfeiffer supplied its latest grinding technology to the new Pisco plant. In the last 12 months, to May 2023, the national cement dispatch fell seven per cent to 12.7Mt compared to the previous period (June 2021 – May...
CEMEX hits Vertua milestone in Colombia
CEMEX has reached a sales milestone for its Vertua net zero CO₂ concrete in Colombia, surpassing 100,000m 3 of the product, enough to fill 40 Olympic-sized swimming pools. According to CEMEX, this achievement showcases progress towards the company's ambitious goal for its Vertua lower-carbon cement and concrete products to reach more than half of all cement and concrete sales by 2025. V...