Cement News tagged under: Weekly Newsletter
Titan and Orcan Energy form clean energy partnership27 September 2023, Published under Cement NewsTitan Cement Group and Orcan Energy, the leading cleantech company turning waste heat into clean electricity, have announced an innovation partnership. Together, the partners will explore the development and deployment of an innovative modular clean energy solution that will convert waste heat into clean and affordable electricity. This efficient solution has the potential to accelerate project implementations and at the same time reduce costs, Claims Titan. Samir Cairae, CTO of Titan , ... |
White cement anti-dumping duties issued in South Korea27 September 2023, Published under Cement NewsSouth Korea is to impose anti-dumping duties on white Portland cement imported from Egypt, said the industry ministry. Following a preliminary examination, the Korea Trade Commission (KTC) recommended the Ministry of Finance to levy provisional duties of 72.23 per cent on Egyptian white cement imports to protect the local cement industry while it carries out an additional probe. The probe came as domestic cement producer Union Corp filed a complaint in March against Egypt's Royal El M... |
Shree Cement approves NCDs to fund expansion27 September 2023, Published under Cement NewsShree Cement has approved plans to raise INR7000m (US$84.11m) through the issue of non-convertible debentures (NCD) on a private placement basis. According to Realty, the secured, rated, redeemable and taxable NCDs with a base issue size of INR3500m, with an option to retain oversubscription of up to INR3500m, will be allotted today (26 September 2023) at a face value of INR100,000 each for cash at par. The date of maturity of the NCDs to be issued on a private placement basis to certai... |
Taiwan Cement plant has 107MWh battery commissioned26 September 2023, Published under Cement NewsNhoa Energy, a unit of Nhoa SA, formerly Engie EPS, has announced the commissioning of a 107.3MWh energy storage project at a Chinese plant of Taiwan Cement Group (TCC Group). Announcing the system's completion recently, TCC Group said Nhoa Energy had designed and developed the 43.2MW energy storage system. Located at TCC Group’s Yingde plant in Guangdong province, the battery is the main part of one of the largest industrial microgrids, Nhoa, which is majority owned by TCC. The Nhoa ... |
CRH completes latest phase of buyback25 September 2023, Published under Cement NewsCRH plc has completed the latest phase of its share buyback programme, returning a further US$1bn in cash to shareholders. Between 30 June 2023 and 22 September 2023, 17.7m ordinary shares were repurchased on Euronext Dublin and the London Stock Exchange. This brings total cash returned to shareholders under the company’s ongoing share buyback programme to US$6bn since its commencement in May 2018. CRH has also announced that it has entered into non-discretionary arrangements with Merrill... |
CEMEX in refinancing talks with banks22 September 2023, Published under Cement NewsCEMEX is in talks with its banks over the refinancing of a US$3bn credit facility, according to Reuters. Fernando Gonzalez, the company’s CEO, hinted that refinancing might be an option back in July this year following CEMEX’s upgraded outlook to 'positive' by ratings agency Fitch. “We're in current discussions with our banks, because the biggest amount of debt that is maturing is bank debt,” explained CEMEX's Chief Financial Officer, Maher Al-Haffar. He is reported as saying that a 10... |
Cementos Argos inaugurates solar park in Honduras22 September 2023, Published under Cement NewsCementos Argos has opened its new solar park at its Choloma unit in Río Blanquito, Honduras. The facility is the second-largest in the Honduran cement industry. The company has invested US$1.2m in the new energy facility, which consists of 2100 photovoltaic modules. The solar park will be able to generate 1.6kWh annually and supply 25 per cent of Argos’ plant in Choloma. The project follows a similar one installed at the Comayagua plant in 2020, which consists of more than 32,000 modul... |
CIMSA and Sabanci to build 0.6Mta US grinding plant21 September 2023, Published under Cement NewsOne of Turkey's largest conglomerates Sabancı Holding and Turkish cement manufacturer Çimsa have agreed to establish a grey cement grinding plant in the USA with an investment of US$82m (TRY2.2bn). The facility, with an average grinding capacity of 600,000tpa, will be operational by the end of the 4Q25 and will be fully financed with equity. Çimsa, with its subsidiary operating in the US, will enter the US grey cement market, in addition to the white cement market. The company current... |
PPC reports improved results in 5MFY23-2420 September 2023, Published under Cement NewsRevenue for PPC ’s South Africa and Botswana operations (excluding Zimbabwe and Rwanda) increased by five per cent YoY in the first five months of FY23-24 (April-August 2023), supported by higher average selling prices but lower sales volumes. Cement sales volumes in the two markets fell by six per cent YoY with inland volumes in August 2023 continuing their decline but at a lower rate. Coastal deliveries saw a downturn in volumes following higher-than-usual rainfall and weak retail demand.... |
Holcim invests in digital construction tech company20 September 2023, Published under Cement NewsHolcim invests in Nanolike, an innovative company bringing new logistics solutions to the building industry. Nanolike’s pioneering technology optimises the way building materials are stored, distributed and delivered, enhancing service quality, delivery efficiency and environmental responsibility. The investment builds on Holcim’s commitment to build better with less through innovative digital technologies, from operations and distribution to building solutions and customer experience. ... |