Cement News tagged under: Corporate
Heidelberg Materials UK contributes to RHS Chelsea Flower Show31 May 2024, Published under Cement NewsHeidelberg Materials UK has contributed to the Chelsea Repurposed Garden at this year’s Royal Horticultural Society (RHS) Chelsea Flower Show held in London. The RHS Chelsea Repurposed Garden was designed by Cityscapes. “To build a sustainable and adaptive future, we need to look at ways to reuse and recycle the materials we already have,” said the garden’s designer, Darryl Moore. “To this end, nearly everything in this RHS feature garden has lived at least one life already – much of i... |
CEMEX supplies Miami's Okan Tower31 May 2024, Published under Cement NewsCEMEX has supplied the concrete for the massive foundation pour for Okan Tower, a 70-storey mixed-use tower that will be one of Miami's tallest buildings. The foundation pour required 1200 concrete trucks, approximately 10,000yd 3 of concrete, a crew of 300 working 36 hours straight and 160 drivers. Designed by Behar Font & Partners, Okan tower will have a hotel, residences, office space, and a curved silhouette inspired by a tulip. It will offer panoramic views of the city and the ba... |
Heidelberg Materials launches Green Finance Framework30 May 2024, Published under Cement NewsHeidelberg Materials has announced the launch of a Green Finance Framework to help fund the ongoing transformation and decarbonisation of the building materials sector. The company intends to issue Green Bonds to finance and/or refinance assets and capital expenditure associated with economic activities that meet or will meet the eligibility criteria defined in the Green Finance Framework. According to Heidelberg Materials, this will complement the sustainable finance portfolio contrib... |
Ecocem supports Irish government's 30% target for clinker reduction30 May 2024, Published under Cement NewsThe Irish government has announced that it will provide specific guidance for the use and procurement of low-carbon cement and concrete in public sector projects. Cement accounts for almost five per cent of Ireland’s total emissions. Specifically, the government has formally mandated a 30 per cent target for clinker reduction and Ireland is the first country in Europe to do this. Since clinker is the source of over 90 per cent of emissions from cement and cement in Ireland currently averages... |
India Cements announces capex plans30 May 2024, Published under Cement NewsIndia Cements plans to spend around INR7000m (US$84m) on capex over the next two years, primarily to improve operational efficiency, according to BusinessLine Online. Among its improvement initiatives, the company is installing a new 8MW waste heat recovery system at its Chilamkuru plant in the Kadapa district of Andhra Pradesh. Its Sankarnagar works at Tirunelveli in Tamil Nadu will receive a crusher, while its Dalavoi facility at Ariyalur in Tamil Nadu and the Banswara plant in ... |
Deccan Cements posts revenue advance YoY29 May 2024, Published under Cement NewsIndia’s Deccan Cements has posted total revenue of INR2281.4m (US$27.42m) in the quarter ended 31 March 2024, up from INR1990.8m in the same period a year earlier. The company reported a profit of INR30.1m in the March 2024 quarter, compared to INR99m in the year-ago period. Total expenses advanced from INR1857m in the quarter ended 31 March 2023 to INR2071.3m in the same period a year later, driven by the cost of materials consumed, and power and fuel. Earnings per share, meanwhile, f... |
HeidelbergCement Bangladesh looks for new MD29 May 2024, Published under Cement NewsHeidelbergCement Bangladesh Ltd is seeking a new managing director to oversee its operations in Bangladesh. Part of Heidelberg Materials (HM) Group, HeidelbergCement Bangladesh Ltd (HCBL) is Bangladesh’s leading cement manufacturing company. With a rich history of 151 years and a global presence in over 50 countries, the group boasts a workforce of 51,000 and an annual turnover of EUR21.2bn. In Bangladesh, HCBL offers two renowned flagship brands in Ruby Cement and Scan Cement. Appli... |
UltraTech Cement announces plans to acquire 31.6% stake in RAK Cement28 May 2024, Published under Cement NewsUltraTech Cement , a subsidiary of the Aditya Birla Group, has announced that it intends to acquire a significant 31.6 per cent stake in UAE-based RAK Cement Co for White Cement and Construction Materials PSC (RAKWCT). A partial acquisition cash offer was made by the company on 27 May for over 158,049,610 shares of RAKWCT's issues and fully-paid capital. The acquisition will be executed by UltraTech Cement Middle East Investments Ltd (UCMEIL), the UAE-based subsidiary of the Indian ce... |
Anjani Portland Cement sees revenue advance YoY28 May 2024, Published under Cement NewsAnjani Portland Cement has reported total revenue of INR1282.8m (US$15.4m) in the quarter ended 31 March 2024. This compares to INR960.5m in the same period a year earlier. A net loss of INR16.3m was seen over the March 2024 quarter, marking a slight improvement on the INR18m loss posted in the same period in 2023. Total expenses, meanwhile, expanded from INR981m in the March 2023 quarter to INR1342m in the same period a year later. Earnings per share fell from a loss of INR0.50 at 31 ... |
CEMEX launches new Vertua low-carbon product28 May 2024, Published under Cement NewsCEMEX Colombia has introduced a new Vertua lower-carbon mortar with a reduced carbon footprint of up to 40 per cent. This was achieved using more sustainable raw materials, better cementitious materials and a more efficient production process. CEMEX offers a wide range of mortars in its markets worldwide as part of its Urbanisation Solutions business. This latest mortar is part of the Vertua family of high-quality construction products, designed to have a positive impact on the planet... |