Cement News tagged under: Weekly Newsletter
BUA to slash cement prices18 September 2023, Published under Cement NewsBUA Cement has announced plans to lower cement prices from NGN5000-5500/bag (US$6.39-7.02/bag) to NGN3000-3500/bag, according to local press reports. AbdulSamad Rabiu, chairman of the BUA Group, said the move is part of the company’s commitment to help reduce the financial burden on the Nigerian population. With two new lines of 3Mta each due for commissioning by the end of 2023, taking the group’s total cement capacity to 17Mta, the cement producer intends to reduce the price of cement... |
Oficemen elects Alan Svaiter as new president14 September 2023, Published under Cement NewsAlan Svaiter, CEO of Votorantim Cimentos Spain, has been unanimously elected as president of Oficemen. He will lead the proposals and initiatives of the Spanish cement industry to support its recovery and its climate neutrality objectives. "I assume with enthusiasm and great responsibility the presidency of Oficemen at such a crucial and transformative moment for the cement industry," said Mr Svaiter in his first statements following his appointment. Mr Svaiter succeeds José Manuel Casca... |
Caribbean Cement sees revenue advance in 1H2313 September 2023, Published under Cement NewsCaribbean Cement Co Ltd has reported consolidated unaudited revenue of JMD14,277m (US$92.48m) in the first half of 2023. This compares to JMD13,516m in the same period a year earlier. Gross profit in the 1H23 came in at JMD4986m, down from the JMD6102m seen in the opening six months of 2022. The total cost of sales and operating earnings has advanced from JMD8763m in the 1H22 to JMD10,677m in the same period a year later. Over the same timeframe, operating earnings before other income a... |
Dangote to cut fossil fuel use by 25% by 202513 September 2023, Published under Cement NewsDangote Cement aims to reduce its dependence on fossil fuels by 25 per cent by 2025, according to Dr Eseosa Ighile, head of sustainability at the company’s Obajana plant. So far the company has put in place several strategies to cut greenhouse gas emissions as part of Dangote’s commitment to Sustainable Development Goals 12 and the adoption of alternative fuels (AFs), reports The Punch. “We are working towards installing AF feeding systems in all our operation lines by 2024,” said Dr ... |
Argentine dispatches slip 1% in August12 September 2023, Published under Cement NewsCement dispatches in Argentina declined by 1.4. per cent YoY to 1,209,746t in August 2023 from 1,226,632t in August 2022, according to the country’s cement association, AFCP. Domestic cement production fell 1.6 per cent to 1,211,267t in August 2023 when compared with an output of 1,231,313t in August 2022. While cement producers supplied the entire domestic market, they also exported 1521t of cement in August 2023, down from 4682t in August 2022. January-August 2023 In the January-Aug... |
City Cement sets up AF joint venture12 September 2023, Published under Cement NewsSaudi Arabia-based City Cement Co has announced that its subsidiary Green Solutions for Environmental Services has set up a joint venture to produce alternative fuel from waste, reports Zawya. The newly-created venture, which reportedly has capital of SAR6.77m (US$1.8m), is owned by Green Solutions (29.4 per cent), Lechtenberg Middle East for Environmental Services Co (19.6 per cent), and Tadweer Environmental Services Company (51 per cent), a unit of Public Investment Fund-backed Saud... |
Suez Cement rebrands as Heidelberg Materials11 September 2023, Published under Cement NewsSuez Cement Group of Companies (SCGC) has rebranded as Heidelberg Materials, reaffirming its vision to continue to lead the change in the sector towards sustainability and digitalisation, reports Mist News. “Today we merge the legacy of two iconic companies, with almost 100 years of local experience and 150 years of global experience from Heidelberg Materials, to lead the field in driving down carbon emissions, pioneering a circular economy in construction, unlocking new customer bene... |
Dragon Product to close Thomaston plant11 September 2023, Published under Cement NewsDragon Products Co , part of Giant Cement Holdings Inc (GCHI), announced it plans to shut down its cement plant in Thomaston , Maine, USA. “The facility, which has been operational for almost a century and has been under GCHI’s ownership since 2006, will undergo a gradual process of idling the production operations beginning December 2023. This careful step has been prompted by the persistent escalation of operating and logistical costs, exerting a negative impact on the Thomaston plant... |
CIMAF constructing calcined clay plant in Burkina Faso08 September 2023, Published under Cement NewsCIMAF , part of the Omnium des Industries et de la Promotion (OIP) group, is constructing a calcined clay quarry 60km northwest of the existing CIMAF Bobo Dioulasso grinding plant and installation of an additional calcined clay processing line. In 2021 the group began development of a new Corporate Sustainability Framework which includes a group decarbonisation programme with the aim of achieving carbon neutrality by 2050. The IFC announced it would provide a loan of up to... |
CEMEX in talks to sell Dominican Republic business06 September 2023, Published under Cement NewsCEMEX is reportedly considering selling its assets in the Dominican Republic. According to Bloomberg, the cement producer is working with J P Morgan Chase & Co on the potential divestment of its business in the Dominican Republic as it decides to shift its focus onto bigger markets. CEMEX, which has had a presence in the country since 1995, currently runs a 2.4Mta cement plant at San Pedro de Macorís , and also has 10 concrete plants, two aggregate quarries, a gypsum mine and three mar... |