Cement News tagged: Corporate
Mukul Agarwal raises stake in Sanghi Industries
Investor Mukul Agarwal has increased his stake in Sanghi Industries from 1.34 per cent in the September 2022 quarter to 1.97 per cent in the December quarter, reports The Economic Times. According to 5paisa, Mukual Agrawal’s investment style is “largely aggressive, hawking for multibaggers that are capable of astronomical returns.” His investment portfolio includes IMFL (Indian Made Forei...
Attock Cement seeks a supply of minerals
Attock Cement Pakistan Ltd has planned to outsource raw materials for its cement plant at Hub Choki in the Balochistan province from January 2023 to June 2023. The company asked the minerals suppliers to send the best quotation for the supply of 50,000t of gypsum and 75,000t of iron ore during this period. Bids are due on 10 January 2023. The company started commercial production in 1988 ...
Cookstown Cement rebranded as Cemcor
The Cookstown cement plant acquired in January 2022 by LCC Group and David Millar for GBP56m has been rebranded to Cemcor following significant investment from its new ownership. The Cookstown plant, originally known as Lafarge Cement Ireland, was acquired by Cookstown Cement from its parent company, the Switzerland-headquartered construction materials giant Holcim. Since then Cookstown C...
Sancti Spíritus cement plant restarts
After a seven-month hiatus, the Siguaney cement plant, in Sancti Spíritus, Cuba, has restarted production. The repair of its kiln with imported refractory bricks, has now been completed. The recommissioning of the kiln at Siguaney has enabled the production of clinker, key in supplying the local market with cement and opening up possibilities for supply across a wider area and eventually, ce...
Lawrence Masha resigns as Tanga Cement board chairman
Lawrence Masha has left the board of Tanga Cement Co Ltd. In a statement to the Dar es Salaam Stock Exchange, the company said:”Shareholders are advised that Tanga Cement PLC announced today that the Chairman of the Board, Mr.Lawrence Masha, resigned from his position with effect from December 15, 2022, having spent nine years on the Board of the Company, to be able to commit to a new opportun...
INC Paraguay requires US$20m for operating capital
The president of Industria Nacional del Cemento (INC), Ernesto Benítez, said that the state-owned company needs an injection of about US$20m operating capital to ensure sufficient cash flow to allow it to make purchases of supplies including fuel and raw materials, according to a report by Noticias Financieras. "This money will be used to buy fuel at a much more competitive price and of c...
Permanente quarry permit still under review
The Santa Clara County Board of Supervisors voted unanimously this month to start a process to consider revoking or amending Lehigh Southwest Cement Company’s use permit. The decision comes roughly a month after the company announced it would permanently shut down its cement kiln at its 3510-acre Permanente Quarry and cement plant. Lehigh is the only cement manufacturer in the Bay Area. It cur...
Shares in India Cements fall due to CCI investigation
Shares in India Cements fell by almost five per cent to INR208 (US$2.51) on 23 December 2022 after officials from the Competition Commission of India (CCI) visited the company's office in Chennai to conduct a search. According to India Cements, “Certain officials of Competition Commission of India visited our office in Chennai at around 11:30am and are conducting a search to find out if any ...
Work begins on Ramco Cement's expansion
Work has reportedly begun on the second production line at Ramco Cement ’s grinding plant in Haridaspur , Jaipur District, Odisha, India. The US$16m expansion project will increase capacity at the plant from 0.9Mta to 1.8Mta. The company received environmental clearance for the new line in May 2022 and expects the project to be completed in the 1QFY25.
Hetauda Cement Factory reopens
Nepal’s Hetauda Cement Factory has reopened after closing for around one month due to the breakdown of its pre-filter fan and electric motor. The plant produces 12,000-16,000 bags of cement each day, supplying Kathmandu, Pokhara, Bhairahawa, Dhangadhi, Nepalgunj and Biratnagar. Local residents had reportedly complained about cement dust affecting their health, according to Khabarhub. The ...
Shinagawa Refractories agrees Brazilian refractory deal
Shinagawa Refractories Co Ltd (Shinagawa) has agreed with Saint-Gobain SA to complete the acquisition of the Brazilian Refractories business and the Alumina-based Wear-Resistant Ceramics business in the United States from Saint-Gobain SA on 29 December 2022. The acquisition of the Brazilian Refractories Business represents a natural extension of Shinagawa’s longstanding collaboration with Sai...
ZSE halts all share trading in Lafarge Cement Zimbabwe
The Zimbabwe Stock Exchange Ltd (ZSE) has implemented a securities halt in the trading of shares in Lafarge Cement Zimbabwe Ltd . The halt is effective from 23 December 2022 until further notice. According to ZSE, “Following the execution of a sale and purchase agreement between Associated International Cement Limited and Fossil Mines (Pvt) Ltd for a 76.45 per cent shareholding in Lafar...
CR Cement opens new 10Mta aggregates line
Production has begun at the new aggregates line of China Resources Cement ’s (CR Cement) subsidiary Guangxi Runhan New Materials in Guangxi Province, China. It marks the third large-scale aggregates project by CR Cement in Guangxi in the last two months following those in Shangsi and Tianyang. The 10Mta line, located in Nanning, officially commenced production on 21 December 2022 and marks an...
Lucky Cement becomes the largest cement producer in Pakistan
Lucky Cement Ltd informed Pakistan Stock Exchange (PSX) on 22 December that construction and installation work concerning the brownfield expansion of the additional line of 3.15Mta at its manufacturing site at Pezu , Khyber Pakhtunkhwa (KPK), has been completed within the planned project timelines. In a regulatory filing, GM Finance and Company Secretary, Faisal Mahmood, said the new li...
Leamington Cement plant makes savings with new finish mill
Ash Grove Cement’s ( CRH group ) Leamington plant in Utah, USA, recently completed a project to upgrade the internals of the finish mill. The project increased grinding efficiency and power savings on the mill system. Working with Rocky Mountain Power, the plant received an incentive check for the power savings of the project totalling US$507,781.95.
Hoffmann Green signs 3-year contract with ECBL
Hoffmann Green Cement Technologies has signed a three-year contract with general construction company Enterprise de Construction et Bâtiment du Littoral (ECBL) to supply its clinker-free decarbonised cement for structural work such as the construction of multi-unit housing and industrial, public, tertiary and office buildings, as well as major heritage restoration work. ECBL is located in...