Cement News tagged under: corporate
Heidelberg Materials opens revamped Mitchell plant15 June 2023, Published under Cement NewsHeidelberg Materials celebrated the opening of its new cement plant in Mitchell, Indiana, USA on 13 June 2023. The state-of-the-art facility will be the second-largest cement plant in North America with a cement capacity of 2.4Mta, and one of the most technologically advanced and sustainable ever built. Heidelberg Materials' management joined customers, partners, as well as federal, state, and local officials to cut the ribbon. “Our Mitchell project instills pride in our rich history... |
Holcim acquires Minerales y Agregados15 June 2023, Published under Cement NewsHolcim has acquired Minerales y Agregados, a leader in advanced mortars and adhesives in Guatemala. Minerales y Agregados represents Holcim’s first production facility in Guatemala, while expanding the region’s Solutions & Products range with a new line of business. Holcim expects to deliver synergies by expanding the supply of Minerales y Agregados from its plants in Metapán, El Salvador, as well as by expanding the advanced mortars and adhesives offer from the Disensa retail network. ... |
Misr Cement Group joins WCA15 June 2023, Published under Cement NewsThe World Cement Association (WCA) is welcoming Misr Cement Group, one of the longest-standing cement and building materials manufacturing companies in Egypt, as a corporate member. Misr Cement Group group works towards operating with a minimal environmental impact, by incorporating sustainable projects into its processes to protect and replenish the environment surrounding its facilities in Upper Egypt. Projects include the launch of environmentally friendly products, planting of trees i... |
Lafarge Africa appoints new CEO15 June 2023, Published under Cement NewsMr Lolu Alade-Akinyemi has been appointed group managing director/chief executive officer (GMD/CEO) of Lafarge Africa (part of Holcim ) with effect from 1 July 2023. Prior to this appointment, Mr Alade-Akinyemi was the company’s CFO and the supply chain director. He was appointed an executive director to the board on 8 April 2020. He has over 20 years of cross-functional experience in finance, supply chain, business development, and sales. According to the company, Mr Alade-Akinyemi i... |
JK Lakshmi to ramp up capacity to 30Mta by 203014 June 2023, Published under Cement NewsJK Lakshmi Cement has announced plans to invest INR80,000m (US$972m) over a six-year period to increase its cement production capacity to 30Mta. According to Business Line, the investment will be made between 2024 and 2030 to raise capacity primarily through expansions and acquisitions. The company has already begun to acquire land for greenfield opportunities at Nagaur (Rajasthan) in north India and Kutch (Gujarat) in west India. It is also currently expanding capacity at its subsidi... |
Gas supply for Ecebol Potosí plant ready for transport to site14 June 2023, Published under Cement NewsThe Phase II expansion of the Sucre-Potosí Gas Pipeline in Bolivia has been completed and will result in an increase of gas transportation capacity by up to 13.6mft 3 /d, which represents an increase of 32 per cent. This will enable a sufficient supply of gas to the new 1.36Mta cement plant of Empresa Pública Productiva Cementos de Bolivia (Ecebol) in Chiutara, Potosí. “This project has an investment of US$5.8m and will contribute to the national cement production, in this way it will supp... |
Adani Group in talks to refinance loan14 June 2023, Published under Cement NewsIndia's Adani Group is in talks with lenders to refinance up to US$3.8bn of a loan facility taken for its acquisition of Ambuja Cements Ltd last year, according to Bloomberg News. The group is reportedly deciding whether to convert the original loan into debt with a longer maturity period. Although the deal is yet to be finalised, Bloomberg News says the group is expected to conclude the process within four months with most of its existing lenders, including Barclays Plc, Deutsche Ba... |
Aalborg Portland signs letter of intent on CO2 storage hub12 June 2023, Published under Cement NewsAalborg Portland and Fidelis New Energy have signed a letter of intent enabling the cement producer to potentially supply more than 400,000t of CO 2 to the Norne Carbon Storage Hub in Aalborg through a direct pipeline connection by 2030. Norne is Denmark's first large-scale facility for handling captured CO 2 in Aalborg and was announced by Fidelis in May this year. "We have been closely following Fidelis' plans for the construction of Denmark's first large-scale CO 2 handling facil... |
JSW Cement secures SLL funding for capacity expansion12 June 2023, Published under Cement NewsJSW Cement has signed a Sustainability Linked Loan (SLL) agreement with BNP Paribas Singapore for INR4140m (US$50m). According to BusinessLine, the cement producer has raised a total of INR8000m in SLL-based funding in two tranches, the first being through MUFG Bank in October last year. The funding is being used to expand capacity in line with JSW's plans to boost production capacity to 50Mta in India. Parth Jindal, managing director of JSW Cement, said that the company has grown prod... |
Chonnaeri Cement makes upgrades12 June 2023, Published under Cement NewsThe Chonnaeri Cement Factory in North Korea is enhancing the production processes, according to the resolutions of the 8th Congress of the Workers' Party of Korea (WPK) and the plenary meetings of the Central Committee of the Workers Party of Korea. The factory has expanded its production capacity as scheduled while further strengthening the clinker cooling system in close cooperation with scientists and technicians of relevant field. In addition, burning, transportation and crushing pr... |