Cement News tagged under: Corporate
Dangote ramps up investment in Zambia with second plant24 June 2024, Published under Cement NewsDangote Cement has announced plans to double its investment in Zambia by building a second cement plant. The company has already constructed one plant in Masaita at a cost of US$450m but this investment will now be boosted to US$900m with plans for a second facility, reports The Guardian. The Masaita works is designed to have a cement production capacity of 1.5Mta and is scheduled to reach full capacity by the end of 2024. The new plant is expected to be commissioned soon. |
Southern Province Cement and Yanbu Cement Co sign an MoU for amalgamation24 June 2024, Published under Cement NewsAccording to Saudi Exchange (Tadawul), Southern Province Cement Co announced the signing of a non-binding Memorandum of Understanding (MoU) with Yanbu Cement Co on 23 June 2024 to evaluate the feasibility of merging the two Saudi Arabian companies. Both companies will commence due diligence, a comprehensive examination of operational, technical, financial, legal and actuarial aspects. This thorough approach ensures that all aspects of the merger are meticulously evaluated, providing a s... |
PIBTL to settle its foreign exchange debt in a couple of years24 June 2024, Published under Cement NewsPakistan International Bulk Terminal (PIBTL) is expected to repay all financial dollar-based loans by June 2026. At a recent conference hosted by Topline Research, Shariq Azam Siddiqui, CEO of PIBTL, and Arsalan I Khan, CFO of PIBTL, shared their expert insights on the company’s operations and the promising outlook for coal and cement handling in Pakistan. They talked about the foreign loan exposure: the foreign loans have been reduced to US$20m and will be further reduced to US$16m by 3... |
alcemy and Spenner launch 'CEM X'24 June 2024, Published under Cement NewsAlcemy, a Berlin-based AI start-up focussed on decarbonising cement and concrete production, has announced that German cement manufacturer Spenner GmbH has produced commercially viable 'CEM X' using alcemy’s quality control software. Alcemy and Spenner’s ‘CEM X’ offering is a durable, low-carbon and cost-competitive cement alternative that boasts a 65 per cent reduction in carbon emissions. ‘CEM X’ is a term for laboratory-developed, low-clinker cement. Leveraging alcemy’s AI platform, ... |
Groundbreaking ceremony on CAP2U project at Lengfurt21 June 2024, Published under Cement NewsOn 19 June 2024, Linde and Heidelberg Materials hosted a groundbreaking ceremony for their large-scale carbon capture and liquefaction plant in Lengfurt , Germany. Christian Knell, general manager of Heidelberg Materials Germany, and Andreas X Müller, managing director of Linde Gas Germany, welcomed around 50 guests to this milestone event on the construction site at the Lengfurt cement plant. “With the amine scrubbing technology applied here in Lengfurt, we are demonstrating the captu... |
Adani Cements to increase marine transport21 June 2024, Published under Cement NewsFollowing its recent acquisition of Penna Cement Industries , India-based Adani Cements plans to increase the use of sea transport in its logistics mix. Currently, Adani uses sea transport for less than two per cent of its cargo, but this is expected to increase to 10 per cent by 2027-28. Penny Cement has five bulk terminals at Kolkata, Gopalpur, Karakul, Kochi and Colombo, and these will be particularly useful in serving the peninsular India region, according to Adani Cements CFO, Vin... |
Anhui Conch announces management changes21 June 2024, Published under Cement NewsAnhui Conch Cement has announced the resignation of Zhou Xiaochuan as executive director, joint company secretary, and member of the ESG Committee, effective from June 19, 2024. Yu Shui has been appointed joint company secretary and authorised representative, and is nominated as a candidate for executive director, awaiting shareholder approval at an upcoming extraordinary general meeting, according to Anhui Conch. |
Khayah Cement highlights energy challenges20 June 2024, Published under Cement NewsKhayah Cement has said high energy costs along with cheap imports are threatening Zimbabwe’s cement producers, reports AllAfrica. According to the company, although power supply has remained relatively stable, power voltage fluctuations continue to affect the smooth running of its cement plant. “The high power costs compared to neighbouring Zambia continue to pose a significant challenge,” said Arnold Chikazhe, company secretary, Khayah Cement. According to Mr Chikazhe, c heaper cement... |
Michael Greto appointed as new supply chain VP at Giant Cement19 June 2024, Published under Cement NewsGiant Cement Holding Inc has named Michael Greco as new vice president of supply chain. Mr Greta joined the company’s cement division in August 2008 with expertise in logistics founded in a Bachelor of Science in Transportation Economics from Emory-Riddle Aeronautical University and complemented by Advanced Studies APICS Certifications in Supply Chain Management from Villanova University. At Giant Cement Holding, he led the growth of the rail fleet, increasing rail car capacity by almost ... |
Votorantim Cimentos Spain appoints new sustainability director19 June 2024, Published under Cement NewsVotorantim Cimentos España has appointed Carmen Boulet as its new director for sustainability, strategy and new business, reporting directly to CEO, Alan Svaiter. An industrial engineer with an MBA from Colombia Business School, Ms Boulet started her career at McKinsey & Co. During that period she accompanied large companies in the world of banking, energy and telecommunications in Latin America and European countries such as Germany, the UK and Norway, to outline their business strategy... |