Cement News tagged under: Corporate
Shangsi Cement starts up new aggregates line24 November 2022, Published under Cement NewsProduction has begun at the new aggregates line of China Resources Cement’s (CR Cement) subsidiary Shangsi Cement in Guangxi Province, China. The 5Mta project was officially completed on 19 November 2022 and marks an investment of CNY420m (US$58.7m). Construction began in February 2022 and was a collaboration between the cement company and CNBM Design and Research Institute. According to Shangsi Cement, “The successful commencement of operation of the project has further improved the cor... |
InterCement posts 17% sales increase in 3Q2223 November 2022, Published under Cement NewsInterCement has reported cement and clinker sales of 5.494Mt in the third quarter of 2022, up 1.2 per cent on the same quarter a year earlier (3Q21: 5.428Mt). Total sales over the 3Q22 advanced by 16.5 per cent YoY to US$492m, driven mainly by a solid volume performance in Argentina and healthy pricing across all locations. Total EBITDA improved by 2.7 per cent YoY from US$122m in the 3Q21 to US$126m in the 3Q22, while adjusted EBITDA was up 2.1 per cent from US$127m to US$130m. Cost pr... |
Kohat Cement presses ahead with Punjab project23 November 2022, Published under Cement NewsKohat Cement Company (KOHC), based in northern Pakistan, has started developing the infrastructure for a greenfield production line in Khushab, Punjab province, the company said during a corporate briefing on its latest set of financial results. According to KOHC, land for the project has been acquired, while work on the development of infrastructure (such as utility connections, roads, etc) is in progress. The new line is expected to cost approximately PKR35bn (US$165m), comprising a 40 ... |
Court halts production at Empire Cement23 November 2022, Published under Cement NewsThe Accra High Court in Ghana has put an injunction in place preventing Empire Cement from continuing cement production at its plant in McCarthy Hill or in any other location. According to the court, the injunction will remain in place until a lawsuit by the McCarthy Hill Residents Association is finalised. Justice Boampong announced the ruling after he upheld an interlocutory application by the association, reports Graphic Online, adding that Empire Cement could not prove that it had t... |
Ecocem appoints european standards manager23 November 2022, Published under Cement NewsEcocem has appointed Christian Clergue as its new european standards manager. A sustainable concrete and cement expert, Mr Clergue brings with him 33 years of experience in cement and concrete materials, including low-carbon concrete, but in particular the regulations, standards and norms that govern the industry. He began his career at Vicat Group as deputy director of Sigma Béton, before moving on to the position of director of the group’s Satma Cepeca prefabrications. A few years lat... |
CRH sees sales advance 13% YoY in 9M2222 November 2022, Published under Cement NewsIn the opening nine months of 2022, CRH plc has seen its sales advance by 13 per cent YoY to US$24.4bn. Over the same period, EBITDA has improved by 14 per cent to US$4.2bn, while the EBITDA margin is up 10bps to 17.1 per cent. According to the company, the positive momentum experienced in the first half of the year continued into the third quarter, driven by resilient demand, strong pricing and continued delivery from its integrated solutions strategy. Third quarter sales in Americas M... |
RHI Magnesita acquires Dalmia Bharat Refractories Ltd22 November 2022, Published under Cement NewsRHI Magnesita announces the acquisition of the Indian refractory business of Dalmia Bharat Refractories Ltd (DBRL) via a share swap agreement, in exchange for 27 million shares in RHI Magnesita India Ltd, a 70 per cent owned subsidiary of the group. DBRL is one of the leading refractory producers in India with approximately 1200 employees and production capacity of over 300,000tpa, from five refractory plants and raw material sites. Commenting on the acquisition, Stefan Borgas, CEO of R... |
Lehigh Hanson set to close Glens Falls plant22 November 2022, Published under Cement NewsLehigh Hanson 's Glens Falls cement plant, based in New York State, USA, is set to close next year with operations shifting to the newly-modernised Mitchell plant in Indiana, according to local news reports. “The decision to halt production at a plant is always difficult,” Alex Car, president of Lehigh Hanson’s Northeast Region, said in a statement published by the Glens Falls Chronicle. “We are thankful for the dedication and efforts of our Glens Falls workforce over the years and we ... |
Aramit Cement Ltd posts loss in 1QFY2321 November 2022, Published under Cement NewsAramit Cement Ltd of Bangladesh has announced its financial results for three months (July 2022 to September 2022) on 14 November 2022. It posted a net loss of BDT89.5m (US$0.879m) during these three months compared to a loss of BDT66.4m in the corresponding period last year, says Company Secretary Syed Kamruzzaman. The company’s net sales decreased by 83.15 per cent to BDT50.17m from BDT297m, the top line recorded in the same quarter last year. Administrative expenses remained stag... |
Holcim to delist from Euronext Paris21 November 2022, Published under Cement NewsHolcim Ltd has announced that it is delisting its shares from Euronext Paris to simplify its trading structure, effective from 30 December 2022. According to the company, the decision will focus the trading of Holcim shares in its primary market, the SIX Swiss Exchange (SIX), reflecting the shift in volumes away from Euronext Paris over the years. The simplification, which has been approved by the Board of Directors of Euronext Paris SA , will further reduce Holcim's administrative... |