Cement News tagged under: Corporate
Cementos Molins appoints new CEO27 June 2024, Published under Cement NewsCementos Molins SA has appointed Marcos Cela as its new CEO. Marcos Cela holds a degree in business management by the University of Barcelona, an MBA by ESADE Business School and a PADE senior management programme by IESE Business School. He developed his career at Decathlon Spain and Bic Graphic Europe, joining Molins in 2004 as finance director, a position he held until 2014. From that date until today, he has been a member of the Executive Committee responsible for the regions of Asia, ... |
Mondi and Cemex launch SolmixMix bag in Spain27 June 2024, Published under Cement NewsMondi, a global leader in sustainable packaging and paper, has announced the Spanish launch of its ground-breaking SolmixBag in collaboration with Cemex , by bringing it to the building industry on the Balearic Islands of Ibiza, Mallorca and Menorca. Cemex and Mondi began working together on SolmixBag in 2021 when Cemex was looking for a sustainable cement bag to meet legal requirements on the Spanish islands regarding landfilling and incineration of waste, as well as drive its own sust... |
Heidelberg Materials appoints new MD of Midland Quarry Products27 June 2024, Published under Cement NewsAndrew Boileau has been appointed managing director of Heidelberg Materials’ UK-based asphalt and quarrying business MQP (Midland Quarry Products). He replaces Rick Green, who has retired after a 40-year career in the industry, taking responsibility for MQP’s three quarries and 10 asphalt plants located across the Midlands region. Mr Boileau has extensive leadership experience within the construction industry, latterly as programme director for STARK Building Materials. He has also held... |
UltraTech proposes reduced cash offer for RAK White shares26 June 2024, Published under Cement NewsThe UAE Securities and Commodities Authority has approved the strategic decision of Aditya Birla Group -owned UltraTech Middle East Investment’s regional operations. This decision involves reducing the size of its cash offer component for an additional stake in Ras Al Khaimah Co for White Cement & Construction Materials , a move that is expected to strengthen the company’s position in the market. According to local media, instead of putting up cash for 31.6 per cent in the RAK entity, ... |
Heidelberg Materials converts Speed plant to slag grinding26 June 2024, Published under Cement NewsHeidelberg Materials has announced the successful conversion of its cement plant in Speed , Indiana, USA, to a slag grinding facility to better support the increased demand for sustainable products in the fast-growing Midwest market. Following last year’s opening of its new state-of-the-art cement plant in Mitchell , Indiana, Heidelberg Materials ceased Portland cement production at its manufacturing site in Speed and invested in modifying the facility to produce slag cement from do... |
Lucky Cement obtains a credit line of PKR8bn26 June 2024, Published under Cement NewsPakistani financial institution and cement conglomerate the United Bank (UBL) and Lucky Cement Ltd announced that the bank will extend PKR8bn (SU$28.7m) to cement producers. Both organisations have yet to feed the material information on the Pakistan Stock Exchange (PSX) website, but both consents appeared in a public message on 25 June. The stand-by letter of credit facility, a financial instrument commonly used in the core business or for project diversification, has been extended by ... |
Cemex supplies Paris Olympics26 June 2024, Published under Cement NewsCemex has supplied architectural and Vertua lower-carbon concretes for the construction or renovation of multiple venues in Paris that will host sports competitions this summer. The projects that Cemex participated in include the Olympic Aquatic Centre, the Grand Palais and the Athlete’s Village. “These projects exemplify Cemex’s versatility, delivering tailor-made solutions that best suit our specific customers’ needs,” said Fernando A González, CEO of Cemex. “We’re proud to provide ... |
PPC FY23-24 results bolstered by strong Zimbabwe performance25 June 2024, Published under Cement NewsPPC has reported revenue of ZAR10,058m (US$551.8m) in FY23-24 (ended 31 March 2024), marking a 20.6 per cent increase from ZAR8339m in the same period a year earlier. According to the company, this was primarily driven by the strong performance in its Zimbabwean operations. EBITDA over the same time frame improved 38.6 per cent from ZAR896m to ZAR1242n, with the EBITDA margin up 1.6 percentage points to 12.3 per cent in FY23-24. In the South Africa and Botswana business, cement revenue... |
Cemex launches Vertua in Florida25 June 2024, Published under Cement NewsCemex has announced that Vertua ® , its portfolio of sustainable products, is now available in Florida. Establishing the foundation for thousands of new homes in Sarasota County, Florida, this residential project showcases Cemex's commitment to environmental responsibility and advancing the construction industry toward a more resilient future, according to the company. Cemex was recruited by Rockwell Building Systems to fortify the homes with its Vertua lower-carbon concrete in Brightmo... |
Holcim acquires Cand-Landi Group to accelerate decarbonisation and circularity at Eclépens24 June 2024, Published under Cement NewsHolcim acquired the Cand-Landi Group in Switzerland to advance decarbonisation and circular construction. With consolidated net sales of CHF70m (US$11.4m) and 250 employees, Cand-Landi’s diversified businesses range from recycling and waste management to aggregates and ready-mix. The acquisition will accelerate decarbonisation at Holcim’s Eclépens plant in Switzerland by providing new sources of alternative raw materials and alternative fuels. It also increases by 100,000tpa Holcim’s rec... |