Cement News tagged under: corporate
Holcim (Romania) awarded state grant12 June 2023, Published under Cement NewsHolcim is among five companies in Romania which have been awarded state grants for “investments with systemic impact”, according to IntelliNews. The grants are worth a total of RON363m (US$78.92m), of which Holcim has been allocated RON77.8m. The company has not yet revealed what the funds will be used for. Holcim (Romania) SA currently runs three plants in Romania, one grinding and two integrated, with a total cement production capacity of 6Mta. |
CRH votes to move to New York Stock Exchange09 June 2023, Published under Cement NewsCRH shareholders have overwhelmingly approved the unanimous recommendation of the Board and management team to transition to a US primary listing on the New York Stock Exchange (NYSE). The group will retain a standard listing on the London Stock Exchange (LSE) and will de-list from Euronext Dublin. The changes are expected to take effect on or around 25 September 2023. “We believe a US primary listing will bring increased commercial, operational and acquisition opportunities for our bu... |
Beumer Group acquires the Hendrik Group09 June 2023, Published under Cement NewsBeumer has completed the acquisition of the Hendrik Group, a leading US manufacturer of air-supported belt conveyors. The acquisition will expand the group’s portfolio in the field of bulk material transport. In particular, the handling of alternative fuels and raw materials (AFR) confirms Beumer's commitment towards sustainability. At the same time it is fully complementary to the current technologies offering, ensuring an even broader customer benefit. The technology also generates additi... |
InterCement Participacoes defers debenture playments09 June 2023, Published under Cement NewsInterCement Participações SA (ICP) has reached an agreement with its debenture holders regarding the deferral of payments under the series of Brazilian law-governed debentures issued by the company and issued by InterCement Brazil SA (ICB), which allow the company to preserve its liquidity. The ICB holders have agreed to a short-term deferral of both, the principal and interest payments on the ICB debentures. In addition, ICP debenture holders have agreed to receive a partial paymen... |
Carbon8 welcomes new chief executive officer09 June 2023, Published under Cement NewsCCUS specialist, Carbon8, has appointed Paul Drennan-Durose as its new chief executive officer, effective immediately. Mr Drennan-Durose succeeds John Pilkington who has become non-executive chairman. Commenting on the news, Mr Pilkington said, “Carbon8’s board and its investors are delighted that Paul is now leading the business. Paul brings to the company a wealth of international board leadership and experience within industry as well as in private equity and venture capital.” Mr Drenn... |
Ecocem appoints innovation project manager09 June 2023, Published under Cement NewsEcocem has appointed Jaouad Nadah as its new innovation project manager, responsible for the coordination of Ecocem’s ACT technology. Mr Nadah brings with him over 10 years’ experience in the construction sector, having previously held roles at Eqiom and Holcim , where his focus was on innovation in the low carbon cement market. Commenting on the appointment, Donal O’Riain, founder and group managing director at Ecocem, said, “The launch of our ACT technology last November marked a hug... |
Bekabadcement carries out plant modernisation08 June 2023, Published under Cement NewsUnited Cement Group (UCG) is undergoing a large-scale modernisation of its JSC Bekabadcement plant to transform it into a modern high-tech plant. Since the start of the modernisation, the plant has installed modern Unitherm burners, equipped all heat exchangers with new components from CNBM Beijing Triumph, connected a new fourth-generation cooler KC 4.1-0955 from BTIEC and re-launched a rotary kiln with a new lining. One of the stages of the modernisation is an overhaul of the we... |
JK Cement agreement to purchase Toshali Cements08 June 2023, Published under Cement NewsJK Cement has seen its shares rise after agreeing in principle a share purchase agreement for Toshali Cements for INR1570m (US$19m). The Board of Directors in its meeting has accorded in-principle approval to sign/execute a share purchase agreement with the shareholders and also with Toshali Cements Pvt Ltd (Toshali) for the acquisition of 100 per cnet equity shareholding from all the existing shareholders of Toshali," the company said in an exchange filing. Toshali Cement at present h... |
Abra Holdings offers to raise its controlling stake in Oman Cement08 June 2023, Published under Cement NewsAbra Holdings Ltd (Abra) of Mauritius ( Huaxin Cement Group ) has announced a public offer to acquire an additional 15.42 per cent of the issued share capital of the Oman Cement Co (OCC), a move that would increase the former’s stake in OCC to 75 per cent. The offer opens on 14 June 2023 and closes on 25 June 2023 against an offer price of OMR0.379 (US$0.98) per OCC share. “Abra will contribute to the development of operations at OCC, increase its production efficiency, and enhance i... |
DG Khan Cement maintains its progress08 June 2023, Published under Cement NewsNishat Group -owned DG Khan Cement ( DGKC) is progressing well due to the back-up of dividends from group companies. According to Spectrum Securities Ltd, the portfolio/revenue of DG Khan is promising, given its holding company portfolio with major holdings in banks, textiles, power generation, agriculture, hotels and dairy. However, the company borrowed a massive loan to finance capacity expansion. Working capital requirements at the end of March 2023 stood at PKR42bn (US$146.6m). The ... |