Cement News tagged under: Corporate
CEMEX releases a new logo16 March 2023, Published under Cement NewsCemex has unveiled an updated brand in line with its ongoing evolution to help the world reach the next frontier of sustainable living, by becoming a more agile, innovative and approachable company. Cemex’s logo, changing for the first time in over 30 years, presents a fresher, closer, and more dynamic visual identity while maintaining key elements of the company’s legacy and storied 117-year trajectory. It reflects several transformative changes that the company has undergone in recent y... |
Nexe plans EUR400m decarbonisation investment15 March 2023, Published under Cement NewsCroatia-based Nexe announced a EUR400m project to construct a new carbon-neutral clinker production line at its Našice cement plant. The project will also enable the transportation and storage of 700,000t of CO2 at Bockovci-1, and creates opportunities for revenue generation. Nexe will seek financing from the EU’s Innovation fund. It has already signed an agreement with thyssenkrupp Industrial Solutions to design and build the new production line. The new line is scheduled to enter ope... |
Lucky Cement builds schools and vocational centres15 March 2023, Published under Cement NewsLucky Cement Ltd has announced the successful completion of its project to build a school in collaboration with The Citizen Foundation in Pezu, Khyber Pakhtunkhwa. The Abdul Razzak Tabba Block Lucky Cement Ltd Pezu Campus-I will provide primary education, while the Muhammad Yunus Tabba Block Pezu Campus-II will provide secondary education. The admissions for the first batch of 2023 are underway. This project aligns with the UNSDG "Quality Education" and emhasises the importance of educat... |
Oman Investment Authority starts sale of Oman Cement Co to Huaxin14 March 2023, Published under Cement NewsThe Oman Investment Authority (OIA) has started the process for divesting its majority stake in Oman Cement Co. Ibrahim bin Said al Eisari, director general of private ownership at OIA, said: “This exit comes in accordance with a plan pursued by OIA aimed at achieving a number of goals, including attracting foreign investment to the sultanate. This will contribute to achieving economic diversification and transfer of modern technology to the targeted sectors.” OIA will sell its entire sha... |
Najran Cement subsidiary secures SAR85m loan14 March 2023, Published under Cement NewsNajran Cement ’s transportation subsidiary obtained a long-term Shariah-compliant credit facility, at a value of SAR85m (US$22.7m), from Al Rajhi Bank. In a statement to Tadawul, the cement producer said that the facility will be repaid within six years in semi-annual installments, with a one year-grace period The facility aims to finance the subsidiary’s expansion in its basic business, the company said, adding that there are no related parties involved in the transaction. |
Cementir reports significant revenue increases in Europe in 202213 March 2023, Published under Cement NewsCementir's regional results showed significant revenue increases in Turkey, Europe, US and Malaysian markets. However, cement sales were under pressure in most regions. Cementir ’s Danish sales revenues in 2022 reached EUR509.8m, up 23.2 per cent compared to EUR413.9m in 2021, due mainly to the rise in sales prices. Overall cement volumes decreased by six per cent compared to previous year. White cement exports declined by 29 per cent. Ready-mixed concrete volumes in Denmark fell by five... |
Gautam Adani sells off stake in Ambuja Cements13 March 2023, Published under Cement NewsGautam Adani is reportedly looking to sell a 4-5 per cent share in Ambuja Cements for around US$450m, according to the Financial Times. The move is designed to help lower debt levels and restore investor confidence in his conglomerate. This follows a report by US-based Hindenburg Research in late January 2023 alleging fraud and stock market manipulation by the Adani Group, which wiped US$145bn off the market value of the conglomerate’s listed companies. If the sale goes ahead, it will... |
Holcim extends sales channels in Mexico13 March 2023, Published under Cement NewsHolcim has acquired INDAR, a leading hardware wholesaler in Mexico with 2022 net sales of US$71m. With this acquisition, Holcim adds more than 10,600 additional hardware products to its range of solutions across its Disensa retail network. INDAR supplies hardware of over 80 leading brands, from roofing needs to tools and adhesives all the way to electrical and plumbing supplies. The acquisition includes INDAR’s nine distribution centres around the country, as well as its fulfilment centre ... |
Maple Leaf Cement becomes Pakistan's fourth largest producer13 March 2023, Published under Cement NewsMaple Leaf Cement Factory Ltd ( Kohinoor Textile Mills Ltd group ) has become the fourth-largest grey cement producer in Pakistan after its capacity now stands at 7.9Mta after the completion of its Iskanderabad plant expansion last November. The company’s domestic share in grey cement stands at 10 per cent and white cement at 90 per cent. White cement achieves good prices compared to grey cement due to a higher cost of 1.5 per cent over grey cement, positively impacting the company’s ma... |
Buzzi Unicem defends itself against defamatory campaign13 March 2023, Published under Cement NewsBuzzi Unicem has refuted allegations against its reputation with a company statement issued on 10 March 2023. “We are aware of a defamatory campaign against Buzzi Unicem which has been launched since the beginning of February, aiming to undermine the company’s reputation. The dissemination of the contents has been taking place through posts on social networks and/or direct messages,” said the company statement. The defamatory comments claim that Buzzi Unicem SpA, a company domiciled in ... |