Cement News tagged under: corporate
New Mitchell Cement kiln line produces first clinker28 April 2023, Published under Cement NewsFirst clinker was produced at the Lehigh Portland Cement's new state-of-the-art cement plant in Mitchell, Indiana, USA, on 23 April 2023. The construction of the new Mitchell cement plant ( Heidelberg Materials group ) began in 2019 and the vast majority of the work at the site has now been completed. “We are extremely pleased to have the new Mitchell kiln online and producing clinker,” said Chris Ward, president and CEO of Heidelberg Materials North America . “With the capabilit... |
BUA Cement revenue rises by 9.7% in 3M2328 April 2023, Published under Cement NewsNigerian-based BUA Cement reported a revenue increase of 9.7 per cent to NGN106.9bn (US$232.2m) for the the three-month period ended March 2023 from NGN97bn in 3M22. Operating profit dropped by 9.4 per cent to NGN38.4bn for the 3M22 from NGN42bn in 3M22. Profit before tax fell by 15.6 per cent to NGN35.5bn from NGN42bn in 3M22. |
Adbri raises cost of Kwinana project again28 April 2023, Published under Cement NewsAdbri Ltd has confirmed that its Kwinana upgrade has risen in cost once again as inflationary pressures continue to hamper the project. The total project cost is now estimated at AUD385-420m (US$254-278m). According to the company, this has been driven by the escalating cost of construction, constraints on available labour and supply chain challenges. Furthermore, as the final design details of the purchased equipment have now been completed, structural and piping quantities have ... |
CRH supplies major highway project in Utah28 April 2023, Published under Cement NewsCRH is playing an integral part in the West Davis Corridor project in Utah, USA. The 27km (17-mile), four-lane greenfield highway project will include freeway-style interchanges and 10 miles of new trails for biking and walking. Construction of the corridor began in 2021 and will require 7.2Mt of aggregates, 445,000t of asphalt and 42,050m 3 (55,000 cubic yards) of ready-mixed concrete. Staker Parson Materials & Construction, a CRH company, is delivering key components to the project,... |
Hollingshead Cement opens new terminal28 April 2023, Published under Cement NewsHollingshead Cement, the cement division of SRM Concrete, has opened a new cement terminal in Nashville, Tennessee, USA. The dome-style terminal is capable of housing up to 50,000t of cement. SRM Concrete CEO, Jeff Hollingshead, stated, “We are thrilled to announce the opening of this new state-of-the-art terminal here in Nashville, and we are looking forward to servicing our own cement needs and those of our customers. Over the course of the last few years, the cement supply has been ... |
Dalmia Bharat reports 20% revenue growth in FY2327 April 2023, Published under Cement NewsDalmia Bharat Ltd has reported a 20 per cent YoY increase in revenue to INR135.4bn (US$1653m) in FY22-23, ended 31 March 2023. EBITDA over the same period fell 4.5 per cent YoY to INR23,160m, while profit after tax advanced by 27.6 per cent to INR10,790m. Sales volumes for FY23 came in at 25.7Mt, up 15.9 per cent from the 22.2Mt reported in the same period a year earlier. In the 4QFY22-23, revenue improved by 15.7 per cent YoY to INR39,120m, while EBITDA increased by 3.5 per cent to IN... |
CRH shareholders back US listing27 April 2023, Published under Cement NewsCRH has confirmed that it will be pursuing a US primary listing, along with a US equity index inclusion “as soon as possible”, said the company. North America now accounts for around 75 per cent of the group's EBITDA and is expected to be a key driver of growth in the future. “We believe a US primary listing will bring increased commercial, operational and acquisition opportunities for our business, further accelerating our successful integrated solutions strategy and delivering even h... |
Heidelberg Materials acquires The SEFA Group Inc27 April 2023, Published under Cement NewsHeidelberg Materials has agreed to acquire The SEFA Group, Inc, the largest recycler of harvested fly ash for use in concrete products in the USA. Based in Lexington, South Carolina, The SEFA Group currently supplies fly ash to over 800 concrete plants across 13 states. According to Heidelberg Materials, the reuse of fly ash from energy generation in alternative products such as composite cements strengthens circularity within its value chain with the addition of fly ash as secondary... |
Breedon reports positive 1Q trading update27 April 2023, Published under Cement NewsBreedon Group plc posted a positive trading update for the first quarter of 2023. It attributes the good result to its dynamic pricing strategy, which allowed the group to recover costs and offset expected volume softness. Revenue saw a 10 per cent advance YoY, or by seven per cent on a like-for-like basis (adjusted for the impact of acquisitions and disposals). Breedon’s CEO, Rob Wood, said ”Our performance in the first quarter demonstrates the resilience and flexibility of our team an... |
Patrick Vericel becomes majority shareholder of MLT Minet Lacing Technology27 April 2023, Published under Cement NewsPatrick Vericel has become the new majority shareholder of the MLT Group Conveyor solutions company, MLT Minet Lacing Technology, based in Saint-Chamond, France, has announced that one of its CEOs, Frédéric Guillemet, was leaving the company and confirmed that his co-partner, Patrick Vericel, will stay on as the majority shareholder. Founded in 1947, the company was acquired in 2017 by Patrick Vericel and Frédéric Guillemet, who each owned 50 per cent of it. Four years later,... |