Cement News tagged: Corporate
Ramco Cements reports 51% advance in sales
India’s Ramco Cements Ltd has reported sales of INR25.59bn (US$309.3m) in the quarter ended 31 March 2023 (4QFY22-23), marking a YoY increase of 51 per cent. Sales of cement and dry mortar products rose a comparable 46 per cent to 4.7Mt over the same period. According to the company, the growth is being driven by an uptick in infrastructure projects, which has helped offset weaker prices in ...
Southern Province places contract for two new lines at Jazan
Saudi Arabia-based Southern Province Cement Co has placed an order with Sinoma International Engineering Co for two new 5000tpd production lines at its Jazan cement plant. Line 3 will go under construction first and is due for completion within 18 months. Infrastructure for a second 5000tpd line (Line 4) is also being put in place, with that line expected to complete within 24 months. The ...
JK Lakshmi Cement income hit by fuel expenses
India’s JK Lakshmi Cement has reported standalone total income of INR17,466.6m (US$211m) in the quarter ended 31 March 2023, compared to INR15,152.8m in the same period a year earlier. Net profit after tax over the same time frame fell from INR1717.3m to INR973.2m as total expenses advanced from INR12,939.6m to INR16,093.9m, driven primarily by higher power and fuel costs which expanded from...
Breedon completes three bolt-on transactions
Breedon Group plc has recently completed three bolt-on transactions with a combined enterprise value of up to GBP19m (US$23.6m). In Northern Ireland the acquisition of Robinson Quarry Masters Ltd, a family-run quarrying and concrete block business in Country Antrim, has further extended Breedon’s footprint north of Belfast in the housing, commercial and infrastructure end-markets, and enhanc...
Sanghi Cements results hit by finance costs
Sanghi Industries Ltd , which owns Sanghi Cement, has recorded total income of INR9478.1m (US$114.5m) in the year ended 31 March 2023. This compares to INR11,405.2m in the same period a year earlier. The company has reported a loss of -INR3257m in the year ended 31 March 2023, versus a profit of INR406.2m in the previous year. Total expenses over the same time frame have jumped from INR10,...
DG Khan Cement to diversify into new cement export markets
Pakistan-based DG Khan is diversifying cement operations into new export markets, further enhancing the company's revenue mix. It recently delivered a 0.6Mt export order to the USA, according to a local research house. DG Khan Cement , which had increased its southern region capacity by 2.8Mta to 7.1Mta at its Hub plant in Balochistan in 2018, has not yet announced any capacity project duri...
Lucky to add a new clinker line of 1.82Mt in Iraq
GM Finance and Company Secretary, Faisal Mahmood, of Lucky Cement Ltd ( Yunus Brothers Group ) informed Pakistan Stock Exchange (PSX) on 18 May that the company has made a 1.82Mta expansion plan with its joint venture partner in Samawah, Iraq, taking the total capacity under its clinker production company Najmah Al Samawah to 3.13Mta. It will coincide with the increasing cement dema...
Khayah Cement recovers with new VRM and dry mortar plant
Zimbabwe-based cement producer, Khayah Cement Ltd , has reported a 96 per cent YoY leap in sales volumes in the quarter ended 31 March 2023. According to the company, the strong results have been supported by the installation of a vertical cement mill (VRM) in the 3Q22. This follows the collapse of the plant, which brought production to a standstill between October 2021 and 2022. 2021 als...
ACC launches Bagcrete
ACC Ltd has launched Bagcrete, a pre-blended and high-quality concrete for all types of construction jobs. According to the company, Bagcrete was created to offer the best compressive strength (10-80MPa) and exceptional workability retention as a result of the pre-blended components being “meticulously measured to ensure uniform quality.” In contrast to traditional concrete, which require...
SABIA commitments to achieve net zero CO₂ emissions
Hal Grodzins, chairman and CEO of SABIA, has announced that the company will expand its approach to the mining and minerals market by increasing its commitment and company resources towards working with the top mining companies throughout the world to achieve the mutual goal of net zero direct and indirect carbon emissions by 2050. One of the most direct ways to lower CO₂ emissions i...
Flender opens expanded Voerde logistics and storage hall
Drive manufacturer Flender has officially completed construction work on the expansion of its site in Voerde, Germany, with the opening of its new logistics and storage hall for the assembly of large gear units. The hall has been built on an open area on the company's premises covering almost 8000m 2 . The new building is part of Flender's investments to be able to handle the expected gr...
Buzzi Unicem changes name to Buzzi SpA
Italian-based Buzzi Unicem hs changed its name to Buzzi SpA as of 18 May 2023. The name change was ratified by an extraordinary shareholders meeting on 12 May 2023. The names of the international cement producer's subsidiaries remain unchanged.
Lafarge Canada's carbon capture project enters final phase
Lafarge Canada has announced a tri-party agreement with Svante Technologies Inc and Dimensional Energy, Inc to bring a demonstration of Dimensional Energy’s carbon dioxide utilisation technology to Lafarge’s cement plant in Richmond , British Columbia, Canada. In 2019, through a joint industry partnership between Svante, Total SA, and Lafarge, Svante installed Project CO 2 MENT, a demonstra...
Shiva Cement's income tumbles as expansion plans continue
Shiva Cement Ltd , part of JSW Cement , has reported total income of INR34.74m (US$421,582) in the year ended 31 March 2023, compared to INR72.7m in the previous year. Finance costs advanced from INR87.93m in the year ended 31 March 2022 to INR128.53m a year later, while depreciation and amortisation expenses jumped from INR70.56m to INR589.86m over the same period, the latter of which is li...
Sagar Cements to commission new clinker line
Sagar Cements plans to commission its new clinker line at Andhra Cements Ltd (ACL) during the current quarter. This forms part of an INR4580m (US$55.6m) investment programme by Sagar Cements to upgrade Andhra Cements’ capacities from 1.65Mta to 2.3Mta of clinker and from 1.8Mta to 3Mta of cement. The full upgrade programme is due to complete in the 2HFY24-25, according to The Hindu. Accordin...
Cemex and Ecocem partner on lower-carbon R&D
Cemex and Ecocem have agreed to work together in a new partnership to explore opportunities to use lower-carbon cementitious material in concrete production, according to a statement by the two companies. Initially, the partnership will trial lower carbon solutions in ten of Cemex’s French readymix production plants, with the ambition to extend in France and potentially the wider region ...