Cement News tagged under: corporate
Fortera joins Alliance for Low Carbon Cement and Concrete31 May 2023, Published under Cement NewsCement decarbonisation company Fortera has joined the Alliance for Low Carbon Cement and Concrete (ALCCC). The ALCCC was created to support the decarbonisation of the cement and concrete sectors with its members representing mature materials designers and producers, and start-ups working in biotechnology, carbon capture, materials technology, and sustainable construction. “Climate action is a global priority, and collaboration is essential to advancing emissions-reducing technologies a... |
Oman Cement appoints Zhu Yaping as new CEO31 May 2023, Published under Cement NewsOman Cement Co ’s board of directors has approved the appointment of Zhu Yaping as the company’s new CEO with immediate effect. He succeeds Salim Abdullah al Hajri, who retired as CEO of the company. Mr Yaping is a senior executive from Oman Cement’s majority shareholder Huaxin Cement Co, which completed the acquisition of a majority 59.58 per cent stake in Oman Cement. Mr Yaping is a highly experienced professional in the cement industry with more than 30 years of experience and a dist... |
Nuvoco Vistas opens new RMC plant in Vizag30 May 2023, Published under Cement NewsNuvoco Vistas Corp Ltd has launched a new ready-mixed concrete (RMC) plant in Vizag, Andhra Pradesh, India. With a production capacity of 60m 3 /h, the plant will serve construction projects in the area. According to the company, Vizag is a rapidly developing city with a number of key infrastructure projects, including the Greenfield Airport at Bhogapuram. Commenting on the new plant, Mr Prashant Jha, chief of Ready-Mix (RMX) Concrete and Modern Building Materials business at Nuvoco, sa... |
Sinai Cement narrows 1Q loss30 May 2023, Published under Cement NewsEgypt-based Sinai Cement Co , part of Vicat , saw consolidated net losses after tax of EGP58.47m (US$1.89m) in the first quarter of 2023, compared with losses of EGP67.19m in the 1Q22. The company’s sales reached EGP1240m in the 1Q23, representing a 160.7 per cent increase on EGP475.57m in the year-ago period. |
Qatar National Cement signs digital and Uzbekistan MoUs30 May 2023, Published under Cement NewsQatar National Cement Co (QNCC) has made a strategic decision to partner SAP and Google Cloud to fuel its digital transformation and ensure future-proof operations. Eng Essa Mohammed Ali A M Kaldari, QNCC CEO, emphasised the significance of this transformation: "Our aim is to modernise and streamline our systems, increase efficiencies, and enhance the services we deliver to our customers and employees. After implementation, our operations will be more agile and scalable, ena... |
The KCP Ltd sees profits slide as expenses climb26 May 2023, Published under Cement NewsIndia-based cement producer, The KCP Limited , has announced standalone total income of INR4840m (US$58.5m) in the quarter ended 31 March 2023, up from INR4638.2m in the same period a year earlier. Total expenses over the same time frame have increased from INR4189.2m to INR4605.5m, driven primarily by power and fuel costs, resulting in a profit of INR147.5m in the March 2023 quarter, down from INR271.6m in the quarter ended 31 March 2022. Earnings per share have declined from INR2.11 in th... |
The India Cements Ltd posts loss as expenses rise25 May 2023, Published under Cement NewsThe India Cements Ltd has posted standalone total income of INR14,788.9m (US$178.7m) in the quarter ended 31 March 2023, compared to INR13,967.2m in the same period a year earlier. The company has reported a loss of -INR2177.9m over the March 2023 quarter, versus a loss of -INR237.1m in the March 2022 quarter. Total expenses over the same period advanced from INR14,331.9m to INR16,073.1m, with power and fuel expenses expanding from INR5142.9m to INR6156.9m. Earnings per share fell from... |
ACC and Ambuja Cements launch new R&D centre25 May 2023, Published under Cement NewsACC and Ambuja Cements have launched a new research and development (R&D) facility at Kalamboli on the outskirts of Mumbai, India. The facility is designed to foster cutting-edge research, collaboration and the development of innovative solutions, to help drive progress, enhance cost optimisation and create sustainable solutions for the future of the cement and concrete industry. According to the companies, the facility will focus on new product development, productivity enhancement, red... |
Tokyo Cement Group receives the Gold Medal award25 May 2023, Published under Cement NewsTokyo Cement Co (Sri Lanka) received the Gold Medal for exceptional environmentally conscious business practices in the Chemical Industries Category at the Presidential Environmental Awards 2021-22 organised by the Central Environmental Authority (CEA) last month. The award recognises the multiple sustainable industry practices adopted by Tokyo Cement Group, according to CEA’s website information. His Excellency the President Honorary, Ranil Wickramasinghe, presented the prestigious Go... |
CEMEX acquires mortar plant in Spain24 May 2023, Published under Cement NewsCEMEX has acquired a mortar plant near Madrid, Spain, as part of its ongoing strategy to increase EBITDA through bolt-on acquisitions. The new plant is equipped with the latest technology to enable the production of traditional and specialty mortars with enhanced sustainability attributes. CEMEX’s nearby Castillejo cement plant will supply lower-carbon Vertua cement for mortar production. The mortar plant is located only 35km from Madrid, contributing to reducing overall Scope 3 emis... |