Cement News tagged under: Weekly Newsletter
ACC and Ambuja Cement announce new MDs & CEOs25 February 2020, Published under Cement NewsACC (LafargeHolcim group) has appointed Sridhar Balakrishnan as its new managing director and chief executive officer for five years effective from 21 February 2020. Mr Balakrishnan will be taking over the position from Neeraj Akhoury, who has resigned with effect from close of business hours of 20 February 2020. Mr Akhoury will take over the role of MD and CEO of Ambuja Cements from 21 February 2020 but will continue as a non-executive member of ACC's board of directors. Meanwhile, Bimlen... |
Cemex announces new climate action strategy20 February 2020, Published under Cement NewsCemex has announced a new Climate Action Strategy to outline the company's vision to advance towards a carbon-neutral economy and to address society's increasing demands more efficiently. To date Cemex has reduced its specific CO 2 emissions by more than 22 per cent compared to the company's 1990 baseline. Now it has defined a more ambitious target of a 35 per cent reduction of specific net CO 2 emissions by 2030. This way the goal is aligned with the Science-Based Targets methodology, a ... |
Heavy rains impact Brazil's January cement sales performance19 February 2020, Published under Cement NewsCement sales in Brazil during January 2020 fell by 0.9 per cent YoY to 4.5Mt as heavy rains in the north and southeast impaired performance, the National Union of the Cement Industry (SNIC) has said. When based on the number of working days, domestic sales were also down by 0.9 per cent compared to January 2018. Apparent cement consumption (ie, domestic sales plus imports) totalled 4.5Mt in the first month of 2020, down by 1.3 per cent YoY. The result is a reflection of poor performances... |
MPA wins GBP6.02m from BEIS for CO2 reduction trials19 February 2020, Published under Cement NewsThe Department for Business, Energy and Industrial Strategy (BEIS) has awarded the Mineral Products Association (MPA) GBP6.02m (EUR7.24m) for ground-breaking demonstrations of hydrogen and plasma technology to reduce CO 2 from cement and lime production. The cement trials will take place at sites operated by Tarmac and Hanson Cement in the UK. The cement production trial comprises two demonstrations, one of electrical plasma energy and biomass fuel and the other of hydrogen and biomas... |
The 15th Cemtech MEA opens in Dubai18 February 2020, Published under Cement NewsThe 15th Cemtech MEA conference and exhibition has opened at the Grand Hyatt Dubai, UAE. Thomas Armstrong, managing editor of ICR, started proceedings by welcoming delegates to Dubai and also provided an update on the cement markets of the GCC. The GCC markets are currently facing the issue of large-scale oversupply, with the region hitting a peak demand level in 2015. Total capacity increased to 157Mta in 2018 from 110Mta in 2010, while consumption is currently at around 73Mta. However, ... |
HeidelbergCement reports good 2019 results growth18 February 2020, Published under Cement NewsHeidelbergCement reports good 2019 results growth in addition to the preliminary unaudited figures already published on 12 February 2020, HeidelbergCement has today presented – as scheduled – preliminary unaudited figures for the group areas and the fourth quarter 2019. "We have concluded the 2019 business year successfully," said Dr Dominik von Achten, chairman of the Managing Board of HeidelbergCement. “All group areas contributed to the good results – however with varied development in t... |
Vietnam demand expected to rise by 4-5 per cent in 202018 February 2020, Published under Cement NewsCement and clinker demand in Vietnam is expected to edge up by 4-5 per cent in 2020, according to the country's Ministry of Construction (MoC). Volumes are expected to reach 101-103Mt, according to a report by Vietnam Plus. The expected range comprises 69-70Mt of domestic sales and 32-34Mt of exports. Chairman of the Vietnam Cement Association, Nguyen Quang Cung, said that cement demand has expanded at a higher pace compared to GDP in previous years. However, the trend has been in reverse i... |
Argos celebrates launch of green cement at Rioclaro17 February 2020, Published under Cement NewsCementos Argos' Rioclaro plant has started its new 0.45Mta calcined clay production line involving an investement of US$78m investment for the manufacture and distribution of green cement. In this process, the use of clinker is reduced thanks to the incorporation of calcined clays (artificial pozzolan). During the production process, CO 2 emissions are reduced by up to 38 per cent and energy consumption lowered by 30 per cent. "With this project, we are leading the industry and sowi... |
Mitsubishi Materials and Ube Industries Ltd consider cement merger14 February 2020, Published under Cement NewsJapan’s Mitsubishi Materials Corp has signed letter of intent regarding the merger of its cement business with Ube Industries Ltd. The company’s will now begin discussions regarding the integration and plan to sign a definitive agreement around September 2020. The two companies already have a joint venture, Ube-Mitsubishi Cement Corp, established in 1998. "While the business situations surrounding the cement business in Japan are currently undergoing significant changes, including slowing ... |
HeidelbergCement sees revenue rise 4% in 2019 preliminary results13 February 2020, Published under Cement NewsHeidelbergCement has announced a 4.3 per cent YoY increase in group revenue to EUR18.851bn in its preliminary results for 2019. On a like-for-like (LfL) basis, the rise moderated to 2.1 per cent YoY. The result from current operations advanced 8.8 per cent YoY to EUR2.186bn, or 4.5 per cent growth LfL. However, the company’s cement and clinker sales volumes fell 3.1 per cent in 2019 to 125.9Mt. Excluding consolidation effects, sales volumes were 1.6 per cent below the previous year. Aggre... |