Cement News tagged under: corporate
Holcim acquires Sivyer Logistics06 April 2023, Published under Cement NewsHolcim has acquired Sivyer Logistics, a leading producer of recycled construction and demolition waste (CDW) for the London construction market. Sivyer currently handles around 1Mta of materials, using state-of-the-art recycling and recovery technologies to recover over 500,000t of recycled aggregates and manufactured soils. The acquisition represents a further step toward driving circular construction to make cities more sustainable, according to Holcim. Miljan Gutovic, region head Eu... |
Flender Group appoints new CEO06 April 2023, Published under Cement NewsGerman drive specialist Flender has announced that Christian Terlinde will take over the company’s Group CFO position starting 1 July 2023. Terlinde is currently Group CFO at German commercial vehicle supplier Jost Werke SE. Flender Group CEO, Andreas Evertz, said: “I am very happy that we could win Christian Terlinde for Flender. He is the finance and controlling expert that we have been looking for. His strong experience as CFO in international industrial and automotive companies as... |
Indocement sees 3% rise in profit in 202205 April 2023, Published under Cement NewsPT Indocement Tunggal Prakarsa Tbk (INTP), part of Heidelberg Materials , reported a profit of IDR1.84trn (US$123.2m), up three per cent YoY, in 2022. Net revenue was up 10.5 per cent to IDR16.32trn when compared with 2021, when net revenue reached IDR14.77trn. INTP’s cement sales to third parties in 2022 saw a 9.9 per cent YoY increase to IDR14.75trn, while ready-mixed concrete sales advanced 20.9 per cent YoY to IDR1.29trn. However, aggregate sales were down 48 per cent YoY to IDR19.7... |
ABB ramps up US investment05 April 2023, Published under Cement NewsElectrification and automation specialist, ABB is accelerating its growth strategy in the USA by investing approximately US$170m and creating highly-skilled jobs in manufacturing, innovation and distribution operations. ABB is committed to growing in the US by investing in its electrification and automation businesses that meet increased demand from industry-leading customers, while supporting the clean energy transition. Björn Rosengren, CEO of ABB, said: “Currently, 85 per cent of... |
Holcim partners with Norman Foster Foundation on housing project05 April 2023, Published under Cement NewsHolcim and the Norman Foster Foundation will announce the launch of their Essential Homes Research Project in Venice on 17 May, during the 2023 Architecture Biennale. In this partnership, the Norman Foster Foundation designed essential housing to provide safety, comfort and wellbeing for displaced communities who can live in temporary settlements for over 20 years. Holcim built these essential homes with a range of its green solutions, from ECOPact low carbon concrete to Elevate Insulation ... |
Holcim Romania expands aggregates portfolio04 April 2023, Published under Cement NewsHolcim Romania has expanded its aggregates division by acquiring Stones Business Development SRL, one of the main suppliers of aggregates in the Bucharest-Ilfov area of Romania. With this transaction, Holcim has secured a volume of high-quality aggregate reserves and strengthened its position including in the Bucharest-Ilfov area, one of the areas with the highest growth in the construction sector in Romania. The deal was approved by the Competition Council and completed on 31 March 2023. ... |
UltraTech sees 12% hike in sales volume in FY22-2304 April 2023, Published under Cement NewsUltraTech Cement , part of Aditya Birla Group , has reported a 12 per cent advance in consolidated sales volume, including its overseas operations in UAE, Bahrain and Sri Lanka, to 106Mt in the FY22-23, ending March 2023. In the 4QFY22-23 sales volumes were up 15 per cent YoY to 30Mt from 26Mt while consolidated sales increased by 14 per cent YoY to 32Mt from 28Mt. |
CICSA Group completes CADERSA acquisition04 April 2023, Published under Cement NewsItaly-based CICSA Group has completed the acquisition of CADERSA Cadenas y Derivados SL of Barcelona, a company leader in Spain in the production of mechanical chains for bulk materials handling applications. In its almost 50 years of activity, CADERSA has proved a strong focus on high-quality production, with particular attention to the markets of the Iberian Peninsula, north Africa, and Latin America. Through this operation, CICSA Group completes the production range of chain solutions ... |
Cemex considers exiting Phillipines03 April 2023, Published under Cement NewsCemex is considering exiting the Philippines as part of its ongoing strategy to focus on markets with higher growth and lower risk. Cemex currently owns 89.86 per cent of Cemex Holdings Philippines (CHP) through Cemex Asian South East Corp (CASEC) and runs two plants, located in Antipolo and Cebu , with a total production capacity of 5.7Mta. According to Bilyonaryo, CHP has struggled to pay the US$280m loan it borrowed to finance the expansion of its Antipolo works in 2017, with the ... |
Bamburi Cement to open a new shale quarry03 April 2023, Published under Cement NewsKenya-based Bamburi Cement (part of Holcim )will be opening a new shale quarry in Kwale County to serve a new cement plant. The quarry is expected to supply around 20 per cent of the total resource material for the clinker production process. Bamburi plans to scale up its south coast business and establish a 5000tpd clinker plant, said the company’s former CEO, Seddig Hassani. The site is located on approximately 700 acres of land currently owned by local communities that are practicing... |