Cement News tagged: Corporate
Southern Province Cement makes progress on new 10,000tpd line
Saudi-based Southern Province Cement Company (SPCC) has reportedly completed its study into the construction of a new 10,000tpd production line at its Jazan plant, and work was now underway to draft and review the EPC contract. According to Zawya, the new line will replace the existing line at the plant, with the cement producer saying in December 2022 that it hoped to sign the contract...
Holcim Argentina acquires 51% stake in Quitam SA
Holcim Argentina has acquired a 51 per cent stake in paints and liquid membranes producer Quitam SA. According to Holcim, the move is “aligned with the Holcim Group strategy focused on expanding its portfolio with products and services that provide comprehensive solutions for construction.” The deal includes a paint and coatings factory with an installed production capacity of 40m litres per...
Cemex releases "Shaping the Future Together" report
Cemex has released its 2022 Integrated Report, detailing the company's operational, climate action and other achievements throughout the year. The report, titled "Shaping the Future Together", provides an in-depth analysis of Cemex's strategic vision, corporate governance, value creation, and operational performance. Among the company's ‘Future in Action’ achievements were a record nine p...
Lucky Cement continues to lead the Pakistan market
Lucky Cement has become the 10th-largest producer in market capitalisation on the Pakistan Stock Exchange (PSX) and continues to lead the cement industry as the largest cement producer in the country. According to AKD Research, Lucky Cement commissioned its Pezu capacity expansion of 3.15Mta in late December 2022 in Khyber Pakhtunkhwa, with a total cement capacity of 15.3Mta, holding its m...
Malabar Cements launches new dry mix
India's Malabar Cements has launched a new dry mix for use when plastering buildings. The dry mix is made by combining cement and sand after removing dampness with the help of a machine, reports The Hindu. Supplied in 40kg bags, the dry mix can be used directly for plastering simply by adding water and covers a larger area than the conventional cement and sand method, according to the compan...
Ambuja Cements wins community award
Ambuja Cements , part of the Adani group, has scooped the Development Catalyst Award 2022 at the Livelihoods India Summit. Through its CSR arm, the company has been empowering the social and economic growth of communities located near to its manufacturing facilities, including the creation of farmers’ clubs, self-help groups, and women’s federations. A fund has also been set up to provide loa...
Sagar Cements appoints new director
India’s Sagar Cements Ltd has appointed Shri Ravichandran Rajagopal as an independent director of the company, effective from 27 March 2023 for a period of five years. A graduate in mechanical engineering, Mr Rajagopal is currently a whole-time director on the board of Anjani Foods Ltd. He has also held roles at Ciba Geigy Ltd, Vijay Cements, Elico Healthcare Ltd and Sri Vishnu Educational S...
INSEE Cement awarded road traffic safety management system certification
INSEE Cement Sri Lanka ( Siam City Group) has been awarded ISO 39001:2012 certification in recognition of its road traffic safety (RTS) management system. “INSEE Cement logistics operations cover over 20 million kilometers each year due to our broad distribution network reaching the four corners of Sri Lanka and the scale of our operations. With this certification, we are confident that ...
Intercem Engineering celebrates its 20-year anniversary
On 14 April 2003, 20 years ago, Intercem Engineering GmbH was founded, followed by Intercem Installation GmbH in 2007. Intercem Engineering began its business with the sale of used machines for the cement industry. These were professionally overhauled and sold worldwide in almost new condition. Today, the Intercem Group consists of the system manufacturers Intercem Engineering GmbH and I...
Semen Indonesia sales volume declines 3% in 2022
Semen Indonesia Group (SIG) recorded lower sales volume inline with lower domestic demand in 2022. Domestic cement sales volume weakened by 3.4 per cent YoY to 63.03Mt led by a contraction in bag sales volume of 8.7 per cent YoY due to price increases, while the bulk market maintained growth of 14.5 per cent. SIG’s total sales contracted by 12.9 per cent YoY to 36.92Mt. Domestic cemen...
CNBM reports 17% drop in sales in 2022
China National Building Material Company Ltd (CNBM) has reported sales of CNY230.167bn (US$33,441m) in 2022, down 16.5 per cent YoY from CNY275.618bn in the previous year. Net income over the same period fell from CNY17.094bn to CNY8.650bn, while basic earnings per share declined from CNY1.932 to CNY0.944. Net profit fell to CNY7.96bn in 2022 compared to CNY16.3bn in 2021, down 51 per cent Y...
Holcim Philippines sees sales dip in 2022
Holcim Philippines has reported net sales of PHP26,587m (US$489.7m) in 2022, down from PHP29,946m in the previous year. Operating EBITDA over the same period fell from PHP5412m to PHP4068m, while net profit declined from PHP2565m to PHP1643m. In the fourth quarter of 2022, net sales came in at PHP7475m, up from PHP6797m in the 4Q21. Operating EBITDA dipped slightly from PHP955.9m in the...
Heidelberg Materials releases its annual and sustainability reports
Heidelberg Materials has published its annual and sustainability report for the 2022 financial year. For the first time, the report combines the company’s financial reporting with detailed information and key figures on the area of environmental, social and governance (ESG), which were previously published separately at a much later date. The sustainability report takes into account ...
Hoffmann Green reports flat revenue in 2022
Hoffmann Green Cement Technologies has reported revenue of EUR2.22m in 2022, down from EUR2.38m in the previous year. EBITDA over the same period declined from a loss of EUR5.23m to a loss of EUR6.62m. The decrease in EBITDA over the year was due to higher raw material costs (EUR0.6m), increased product testing and development (EUR0.4m) and higher payroll (EUR0.4m). 2021 saw a net loss of EU...
Dalmia Cement sells stake in Dalmia Bharat Refractories
Dalmia Cement (Bharat) Ltd (DCBL) has agreed to sell its entire investment of 18,723,743 equity shares in Dalmia Bharat Refractories Ltd to M/s Sarvapriya Healthcare Solutions Private Ltd. The transaction represents 42.36 per cent of share capital, at a total consideration of INR8000m (US$97.12m), and forms part of DCBL’s strategy to exit non-core business/investment, according to the company.
Summit Materials appoints Executive VP and CFO
Summit Materials is pleased to announce the appointment of Scott Anderson as its new executive vice president and chief financial officer (CFO), effective from 1 March 2023. Mr Anderson has been an integral member of Summit's leadership team, serving as president of the central region since 2020. In addition to over two decades of industry experience with Hamm and Summit companies, ...