Cement News tagged under: Corporate
Adbri reviews Kwinana project as costs escalate06 December 2022, Published under Cement NewsAdbri Limited has issued an update on its Kwinana project to consolidate two existing cement production sites into a single operation serving the Western Australian (WA) market. Following the appointment of Interim CEO Mark Irwin on 17 October 2022, Adbri accelerated its review of the project and engaged an expert engineering firm to undertake an external review. The initial findings have identified that the project cost is being impacted by a range of factors, including the escalatin... |
JK Cement begins clinker production at Panna site05 December 2022, Published under Cement NewsJK Cement commenced clinker production at its new site in Panna , Madhya Pradesh, India on 3 December 2022. The new facility has a production capacity of 2.64Mta. |
INSEE Vietnam begins construction on new mill05 December 2022, Published under Cement NewsINSEE Vietnam , a subsidiary of Thailand’s Siam City Cement Public Company Ltd (SCCC), has begun construction of its Thi Vai grinding mill No2. The new mill, which marks an investment of over US$35m, will help meet rising cement demand in the Southeast region, according to Vietnam News. |
UltraTech Cement commissions 3.6Mta of new grinding capacity05 December 2022, Published under Cement NewsUltraTech Cement Co has announced the commissioning of its 3.6Mta of new grinding capacity in India. Firstly, the 1.8Mta greenfield grinding capacity at the Dhule Grinding Unit , Maharashtra has been commissioned. Secondly, the commissioning of the 1.8Mta brownfield, clinker backed, second line grinding capacity at Dhar Cement Works , Madhya Pradesh, has been completed. This forms part of the first phase of capacity expansion announced in December 2020. The company’s total cement m... |
Dongwu Cement chief investment officer resigns05 December 2022, Published under Cement NewsMr Chen Xuanlin has resigned as non-executive director and chief investment officer of Dongwu Cement International, effective from 2 December 2022. According to the company, Mr Chen is leaving to “pursue his career development and concentrate on his own business engagement.” “Mr Chen has confirmed that he has no disagreement with the Board and there are no matters with respect to his resignation that need to be brought to the attention of the shareholders of the company and The Stock E... |
Adani Group to refinance Ambuja Cements and ACC bridging loans02 December 2022, Published under Cement NewsThe Adani Group is reported to be in talks with several foreign banks to refinance US$3.5bn of bridging loans taken for the acquisition of Ambuja Cements Ltd and ACC Ltd this year. The loans were taken by the Mauritius-based promoter entity Endeavour Trade and Investment, a special-purpose vehicle that acquired Ambuja Cements' stake from Swiss cement major Holcim in an all-cash transaction of US$6.5bn, according to the Business Standard. The tenure of the refinanced loans... |
Savannah Cement places order with Sinoma for new Kenyan plant02 December 2022, Published under Cement NewsSavannah Cement has placed an EPC order with Sinoma International Engineering for a new US$300m cement plant in Kenya. Sinoma will construct a clinker line with an output of 8000tpd, a cement grinding unit, and a packaging and forwarding system with an output of 100tph, as well as a supporting power station in Kitui, east of the capital Nairobi, reports Yicai Global. The company will provide a full range of services from engineering design, equipment procurement and supply, civil const... |
Cachupaz wins process control order for Tekcim cement plant01 December 2022, Published under Cement NewsTo automate NovaCim's greenfield Tekcim cement plant in Morocco, Cachapuz Bilanci Group’s SLV Cement technology will be installed. Besides having powerful operational analysis tools, SLV Cement allows the monitoring and control of operations, the plant performance and the level of service provided. This will enable NovaCim to optimise and automate the logistics flows of incoming raw material and outgoing cement, enable integration with SAP and make an integrated management of the entir... |
Eagle Cement delists from Philippine Stock Exchange01 December 2022, Published under Cement NewsEagle Cement Corporation has gained the approval of its shareholders to delist from the Philippine Stock Exchange (PSE). According to the company, not one shareholder voted against the proposal. “Therefore, as stated in the Definitive Information Statement distributed in relation to such request for stockholders’ approval via written assent, the voluntary delisting of the corporation from the PSE has been approved by the stockholders as of the date hereof,” Eagle Cement said in a state... |
Akcansa Cimento appoints new general manager01 December 2022, Published under Cement NewsAkçansa Cimento , a joint venture between Sabancı Holding and Heidelberg Materials , has appointed Vecih Yılmaz as its new general manager. Mr Yılmaz replaces Mehmet Zeki Kanadikirik, effective from 1 December 2022. “As of today, we are experiencing a change of flag at Akçansa, which sets a model for its industry, inspires its stakeholders and puts the bright future of our country ahead of all its goals. Vecih Yılmaz, who has many years of experience in our group and has implemented ma... |