Cement News tagged under: corporate
Heidelberg Materials celebrates expansion at Port Canaveral02 June 2023, Published under Cement NewsThe media was given a tour of the new Heidelberg Materials slag-cement processing facility at Port Canaveral, USA, on 25 May. In operation at the port for 20 years, guests witnessed a grand re-opening of the reconfigured plant after a US$24-25m project to increase its slag cement output by 25 per cent. Heidelberg Material’s expansion at Port Canaveral adds 200,000t of capacity to support construction projects throughout Florida and beyond. It also adds another 40 jobs to the port’... |
Cemento Panam installs new MVR mill in Dominican Republic02 June 2023, Published under Cement NewsCemento Panam , part of the Estrella Group, is to install a state-of-the-art MVR vertical mill from Gebr Pfeiffer at its plant in the Dominican Republic. This marks the first such mill to be installed in the country. The MVR 3750 C-4 mill will be equipped with a latest generation SLS 4000 VC classifier and will grind several blended cements at up to 155tph to finenesses up to 4800 cm²/g (Blaine). The order will be handled by the Chinese general contractor CBMI. |
Leube commissions new silo to support low-carbon cements02 June 2023, Published under Cement NewsAustria-based cement producer Zementwerk Leube recently entered a new 3250t cement silo, “Silo 10”, into service. Work on the silo had started in February 2022. It is expected that in addition to a significant increase in storage capacity, the cement company will also benefit from increased flexibility and improved product offer. With its four chambers the silo can store different cement types, enabling the company to meet growing demand for lower-carbon cements. This will include the ... |
Crown Cement secures loan for 6th line02 June 2023, Published under Cement NewsCrown Cement Plc has secured a syndicated loan facility for the construction of the sixth cement line at its plant in West Mukterpur, Munshiganj , Bangladesh. The new line will have a state-of-the-art VRM mill with the plant’s total production capacity expected to reach 19,000tpd. According to The Business Standard, the loan for BDT2500m (US$23.3m) involves a consortium of banks, including Eastern Bank Ltd, State Bank of India, Bank Asia Ltd and Dhaka Bank Ltd. “The milestone deal wi... |
FLSmidth acquires Morse Rubber02 June 2023, Published under Cement NewsFLSmidth has acquired Morse Rubber. Based in Iowa, USA, Morse Rubber manufactures and markets specialised, heavy-duty rubber products for mineral processing, among others. As the global market leader in large grinding mills, FLSmidth has a clear ambition of strengthening its service offerings around these products, especially for mill liners where FLSmidth has been capacity constrained in some regions. The Morse Rubber competences will be adding advanced moulding capabilities... |
Fitch B+ rating for United Cement Group01 June 2023, Published under Cement NewsFitch Ratings has awarded a B+ rating to United Cement Group (UCG) . The positive outlook by the rating agency is due UCG’s large-scale modernisation as well as with an increase in profitability. The recent acquisition of construction glass producer Kvarts by UCG is also expected to lead to ongoing improvements in product diversifiaction and strengthening of financial stability. Moreover, the integration of Kyzylkumcement is anticipated to increase operating profitability. According to F... |
Kayasand receives NZD3.5m investment boost01 June 2023, Published under Cement NewsKayasand, a New Zealand distributor of sand manufacturing technology, is working to produce more sustainable concrete with up to 20 per cent less carbon emissions. To help achieve its aims, it has received NZD3.5m (US$2.1m) from New Zealand Green Investment Finance and NZD1.8m from private investors. The company’s technology removes water and sand mining from the concrete equation, according to the Waikato Times. As a result, the technology can reduce or in some cases eliminate the need ... |
LafargeHolcim Maroc posts 3% advance in 1Q revenue01 June 2023, Published under Cement NewsHolcim-owned LafargeHolcim Maroc has reported a three per cent uptick in revenues to MAD2131m (US$209.2m) in the first quarter of 2023 from MAD2077m in the year-ago period. Morocco’s cement demand declined by 5.3 per cent to 3.248Mt in the January-March 2023 period when compared with the first three months of 2022, when consumption reached 3.248Mt. The company’s debts fell by five per cent YoY to MAD4887m at 31 March 2023. |
Cement Australia extends use of battery electric vehicles31 May 2023, Published under Cement NewsCement Australia has been granted funding to lease 24 batteries and convert six diesel prime movers in its Melbourne fleet to electric drivetrain. Backed by the Commercial Sector Innovation Fund, Cement Australia will also install swap-out charging infrastructure with a minimum of three charging units, according to Prime Mover Magazine. The company will complete a trial/demonstration stage for 12 months, which will include the testing and observation of performance of battery electric veh... |
Ciments du Maroc 1Q turnover slips 4%31 May 2023, Published under Cement NewsCiments du Maroc , part of Heidelberg Materials , posted an unaudited turnover of MAD917.8m in the 1Q2023, down four per cent YoY from MAD955m in the 1Q22. Cement consumption in Morocco saw a 5.3 per cent drop in the January-March 2023 quarter when compared to the year-ago period. The company’s investments in the first quarter of 2023 increased one per cent YoY to MAD47.3m. Financial debt reached MAD42.4m, which corresponds to bank overdrafts. |