Cement News tagged under: corporate
Breedon opens new laboratory24 April 2023, Published under Cement NewsBreedon has opened the doors to its brand new laboratory in East Kilbride, Scotland, which has undergone extensive renovation and redesign after being merged with its Gartshore laboratory in Glasgow. According to the company, visitors got a behind-the-scenes look at the new space where Breedon’s scientists and engineers test and design new products. As well as working on products such as asphalt, aggregate and ready mix, the Glasgow site is also a UKAS testing facility where customers ... |
Fortera appoints VP of Intellectual Property24 April 2023, Published under Cement NewsRenewable energy and cleantech attorney Dan Cummings has joined Fortera Corp as General Counsel and Vice President of Intellectual Property. “As we forge a pathway to net-zero cement in partnership with manufacturers, builders, and government, we are expanding our mission-aligned executive team with deep expertise and professional networks within the green economy like Dan Cummings,” said Ryan Gilliam, co-founder and CEO of Fortera. Fortera has developed a low-carbon cement... |
Cement industry profits are impacted by burgeoning financing costs21 April 2023, Published under Cement NewsSpectrum Research has reported that sluggish economic activities lead to a decline in Pakistan's construction materials demand, mainly cement and steel. The higher inflation and low purchasing power primarily contributed to reduced cement dispatches. Moreover, the higher interest rate increases the financing cost and reduces the sector's bottom line. This would be reflected in the financial results of Pakistani cement companies when they announce 3QFY22-23 or 9MFY22-23 (July-March 2023) res... |
Mannok Holdings records 18% rise in turnover in 202221 April 2023, Published under Cement NewsMannok Holdings 2022 operating performance for the 12 months ended 31 December 2022, saw turnover increased by 17.7 per cent on the prior year period from EUR269.9m to EUR317.7m, largely driven by inflationary induced pricing. Despite the inflationary environment, EBITDA was unchanged on the prior year period at EUR25.8m, reflecting a gradual pass through of rising input costs, fluctuations in the euro-sterling exchange rate and a softening of demand in response to price pressur... |
Buzzi Unicem reports on sustainability achievements21 April 2023, Published under Cement NewsBuzzi Unicem has lowered its specific gross scope 1 CO 2 emissions from 689kg/t cementitious product in 2021 to 664kg/t in 2022, according to its 2022 Sustainability Report. This marks a 3.6 per cent reduction YoY. Compared to 2020, scope 1 CO 2 emissions are down 4.3 per cent. Specific thermal consumption has fallen from 4138MJ/t clinker in 2020 to 4106MJ/t in 2021 and 4084MJ/t in 2022. Meanwhile, the group’s thermal substitution rate fell from 29.2 per cent in 2020 to 27.8 per cent in... |
UltraTech commissions 2.2Mta grinding unit expansion21 April 2023, Published under Cement NewsUltraTech Cement has commissioned its 2.2Mta grinding unit expansion at Patliputra , Bihar, India. According to the company, the additional capacity will help increase its presence in the fast-growing East region as well as expanding its blended cement ratio. UltraTech’s cement production capacity in the state now stands at 4.7Mta, while its total capacity in India has risen to 129.15Mta, reports BusinessLine. |
Laing O'Rourke makes low-carbon concrete mandatory in UK20 April 2023, Published under Cement NewsInternational engineering and construction firm Laing O’Rourke has announced that low-carbon concrete is now standard on all its UK projects. The new mandate, which applies to all UK projects that begin main construction on or after 1 April 2023, will result in a significant reduction in the company’s scope 3 carbon emissions. According to the company, the overall carbon reduction will be 28 per cent when compared with the company’s concrete usage in 2022, equating to a saving of 14,400t CO ... |
Fauji Cement reports 30% leap in profit in 9MFY22-2320 April 2023, Published under Cement NewsPakistan’s Fauji Cement Company has reported a 30.4 per cent YoY increase in profit in the nine months ended 31 March 2023 (9MFY22-23). Profit over the period came in at PKR6.97bn (US$24.67m), up from PKR5.35bn in the same period a year earlier. The increase is being attributed to higher gross margins and net finance income, according to Mettis Link News. Net revenue over the nine months came in at PKR51.9bn, up 35.2 per cent YoY, with better margins on the back of price hikes helping t... |
Congresswoman Erin Houchin visits Mitchell plant20 April 2023, Published under Cement NewsHeidelberg Materials recently welcomed Congresswoman Erin Houchin to its Lehigh Portland Cement subsidiaries' new Mitchell plant, Indiana, cement facility. Discussions focussed on the rebranding process and specifically around efforts to advance sustainability and digitalisation, followed by talks around the construction progress for the new kiln line. The group showed off some of the features of the new offices, including the K4 control room and the technology that will be used ... |
BEUMER Group appoints director of global sustainability20 April 2023, Published under Cement NewsAndreas Backs is the new Director of Global Sustainability at the BEUMER Group. In this role, he is responsible for the development and implementation of the group’s global sustainability strategy. His responsibilities include formulating a vision and goals, evaluating key issues, and developing a roadmap that measures and improves performance in this area. He is also responsible for communicating with stakeholders and training of employees. Mr Backs joined the BEUMER Group in September 2... |