Cement News tagged under: Corporate
Maple Leaf Cement reclassifies PKR26bn investment plan18 June 2024, Published under Cement NewsMaple Leaf Cement Factory Ltd informed the Pakistan Stock Exchange (PSX) on 12 June that it had reclassified its PKR26bn (US$93.3m) capital expenditure plan. In addition, the Board of Directors of Maple Leaf Cement approved that for years the company has continued its expansion and diversification strategy and has made significant investments that have enhanced shareholder enterprise value. It continue to add that the board noted that because of these reasons, the general reserve of the... |
Heidelberg Materials appoints chief sustainability and new technologies officer18 June 2024, Published under Cement NewsHeidelberg Materials has appointed Dr Katharina Beumelburg as a new member of the managing board and chief sustainability and new technologies officer, effective from 1 October 2024. Dr Beumelburg will succeed Dr Nicola Kimm who will leave the company after completing her three-year term of office on 31 August 2024. Dr Beumelburg joins Heidelberg Materials from SLB (formerly Schlumberger), the world's largest global energy technology company, where she has been a member of the executive... |
Siam Cement JV launches Kheda brick plant17 June 2024, Published under Cement NewsSiam Cement BigBloc Construction Technologies Pvt Ltd, a 52/48 joint venture between Gujarat based BigBloc Construction Ltd and Thailand’s SCG International Corp Co Ltd (SCG), has launched its India operations with the commercial production of its first brick plant in Kheda, Gujarat. With the vision of launching next-generation walling solution for the Indian market, the joint venture has invested around INR650m (US$7.7m) in setting up a 250,000m 3 per annum capacity project including ... |
PPC Africa predicts 20% YoY increase in earnings17 June 2024, Published under Cement NewsPPC Africa has predicted a 20 per cent increase in earnings for the fiscal year ended 31 March 2024, driven by a strong performance by its Zimbabwe operations. According to The Zimbabwe Mail, the previous year saw PPC Zimbabwe hit by a prolonged kiln shutdown, which had a negative impact on profit. Compared to that prior year, the latest fiscal is expected to see the headline earnings per share jump by 20 per cent. In the 10 months to January 2024, PPC Zimbabwe reported volumes up by ... |
Ambuja Cements acquires Penna Cement17 June 2024, Published under Cement NewsAdani Group subsidiary Ambuja Cements has acquired Penna Cement Industries Ltd (PCIL) for INR104,220m (US$1274m). Following this latest acquisition Adani Cement 's production capacity increased to 89Mta. It would also provide sufficient limestone reserves to Ambuja Cement. By 2028 Adani targets a total production capacity of 140Mta capacity and around 20 per cent market share. In a regulatory filing, Ambuja Cements Ltd said it will acquire 100 per cent shares of PCIL from ex... |
Chilanga Cement inaugurates kiln upgrade17 June 2024, Published under Cement NewsZambia-based Chilanga Cement has inaugurated its Ndola kiln upgrade project. The project will not only enhance the cement plant’s production capacity but also its environmental sustainability. According to News Invasion 24, the upgrade will enable greater use of renewable energy sources as well as improving product standards. Jianping Chai, CEO of Chilanga Cement, said the investment confirms the company’s dedication to fostering economic growth in the region. The project is reported... |
Apo and Solid Cement repurchase brands from CEMEX17 June 2024, Published under Cement NewsCemex Holdings Philippines (CHP) disclosed that APO Cement and Solid Cement have repurchased the cement brands from their Switzerland-based sister firm, Cemex Innovation Holding (CIH). The deal with the Consunji family cost US$12.55m. APO Cement, operating from Naga, Cebu, acquired the Apo Cement brand for US$8.2m, while Solid Cement, which has a plant in Antipolo, paid US$4.53m for the Rizal and Island trademarks. The Island and Rizal brands, established in 1930, are primarily sold to ... |
Adbri shareholders agree to CRH takeover13 June 2024, Published under Cement NewsShareholders in Australia-based Adbri have given the green light to the takeover bid by Ireland’s CRH . According to The Australian, almost 98 per cent of the votes cast at a meeting held this week at Adbri were in favour of CRH’s acquisition of 57 per cent of Adbri shares. CRH first made a bid for the shares in December 2023, offering AUD3.20(US$2.13)/share, valuing the company at around AUD2.1bn (US$1.4bn). As part of the deal, Barro Group will retain its 43 per cent share of Adbri. ... |
Lafarge Canada and Hyperion collaborate on carbon recycling12 June 2024, Published under Cement NewsLafarge Canada and Canadian carbon technology innovator Hyperion Global Energy Corp have announced the launch of Hyperion’s patented Tandem Carbon Recycling System © pilot. This pioneering process advances circularity by capturing and transforming carbon emissions into high-performance mineral components used to make sustainable building solutions such as low-carbon concrete and other materials. The pilot project, currently in operation at Lafarge’s Bath cement plant in Ontario, inv... |
Ecocem appoints Ghizlane Ruf as chief of staff12 June 2024, Published under Cement NewsIreland-based Ecocem has announced the appointment of Ghizlane Ruf as its Chief of Staff. Ms Ruf will play a pivotal role in driving Ecocem’s growth by working with its senior executives to prioritise strategic business decisions and enhance team efficiency. She extensive experience within the cement and concrete industries, following her previous role at Lafarge Cement. Reporting to Conor O’Riain, European MD, Ms Ruf is responsible for ensuring that senior executives are supported in th... |