Cement News tagged under: corporate
Savannah Cement Group sources funds for new clinker plant19 April 2023, Published under Cement NewsSavannah Clinker has received KES65bn (US$500m) to fund construction of a new clinker factory in Kenya. Savannah Clinker, an affiliate of Savannah Cement , said it raised the funds through a privately placed debt arrangement with the bond set to be listed at regulated international exchange. Savannah currently imports clinker as it does’t have a clinker plant. Savannah will build its clinker plant in Kitui County, as demand for cement surges due to a construction boom that has been boost... |
China Resources Cement welcomes new CEO19 April 2023, Published under Cement NewsChina Resources Cement Holdings Ltd has appointed Mr Jing Shiqing as its new chief executive officer (CEO), effective from 18 April 2023. Mr Jing is also an executive director and a member of the company’s Strategy & Investment Committee. He joined China Resources Group in July 2003 and served as deputy general manager of the human resources department from May 2018 to March 2021, as a non-executive director of the company from May 2018 to March 2021, and as a non-executive director of ... |
MoU extended for Mt Simon Hub carbon pipeline18 April 2023, Published under Cement NewsChart Industries, Inc, a leading diversified global manufacturer of highly-engineered equipment and technologies for the industrial gas and clean energy industries, is expanding its existing Memorandum of Understanding (MoU) with Wolf Carbon Solutions US LLC. Wolf Carbon Solutions is an affiliate of Wolf Midstream, a US$4bn multi-asset energy infrastructure organisation based in Calgary, Alberta, Canada. Through the cooperation agreement, both companies will jointly identify, develop, pur... |
Maple Leaf Cement Factory sales advance 42% YoY18 April 2023, Published under Cement NewsPakistan’s Maple Leaf Cement Factory Ltd has reported consolidated sales of PKR17,038m (US$59.9m) in the quarter ended 31 March 2023. This compares to PKR11,990m in the same period a year earlier, marking a YoY increase of 42 per cent. Over the same three months, profit after tax improved from PKR1563m to PKR1875m, while earnings per share (EPS) advanced from PKR1.42 to PKR1.75. Over the nine months ended 31 March 2023, the company saw net sales of PKR47,089m, up from PKR34,091m in the s... |
Congo's Tao-Tao plant project 45% completed18 April 2023, Published under Cement NewsWork on the new Tao-Tao cement plant in the Niari department of Republic of Congo has been 45 per cent completed, according to Les Echos du Congo Brazzaville. The second plant in the Niari region is expected to come online in 2024, following an agreement between the Congolese and Indian governments. Earlier, the company announced the construction of a 1.8Mta plant in Mafoubou. The new plant will have a cement capacity of 0.6Mta and enable the country to increase its production of cement. |
Holcim launches ECOCycle®18 April 2023, Published under Cement NewsHolcim has launched ECOCycle®, its proprietary circular technology platform to recycle construction demolition materials into new building solutions. With ECOCycle® Holcim can recycle 100 per cent of construction demolition materials across a broad range of applications, from decarbonised raw materials in low-carbon cement formulation, all the way to aggregates in concrete and fillers in road construction. Jan Jenisch, CEO, Holcim, said, “Across all metropolitan areas where we operate, ... |
Ambuja Cement and ACC win influencer award18 April 2023, Published under Cement NewsAmbuja Cements and ACC , part of Adani Cement and the Adani Group, have scooped the Digital Customer Experience Award 2023 for ‘Best Customer & Influence Engagement Initiatives’, organised by Gainskills Media. Brands from across the banking, retail, manufacturing, logistics and supply chain, pharmaceuticals, automobile, and insurance sectors attended the event to showcase their customer experience initiatives. Ambuja Cements and ACC presented their customer and influencer engagement ... |
Sinoma signs US$600m industrial agreement with Sino-Ethiopian JV17 April 2023, Published under Cement NewsChina-based Sinoma International Engineering has signed a cooperation agreement with Sino-Ethiopian joint venture, National West Industrial Holding (NWIH) Building Materials Holding Co, to undertake a US$600m investment in an industrial park development project in eastern Ethiopia. Sinoma will undertake the engineering, procurement and construction works of the Melka-Jebdu industrial park development project, which includes a 6000tpd cement plant, along with metal and lime production plant... |
CASE appoint new head of sales in Europe17 April 2023, Published under Cement NewsCASE Construction Equipment has announced the appointment of Graziano Cassinelli as new Head of Sales for Construction brands Europe at CNH Industrial, in addition to his responsibility for CE Global Rental & Used equipment. Mr Cassinelli brings a wealth of knowledge and experience to this role which will help boost dealer business. He has worked in senior roles for a number of leading construction equipment manufacturers across Europe and the Far East and also developed and run rental an... |
Lafarge Cement Polska commits to renewable energy14 April 2023, Published under Cement NewsLafarge Cement Polska has joined forces with KGAL Investment Management, an asset manger in the Polish renewables market, to establish two onshore wind farms, known as Krasin and Rywald. The farms, which are owned by KGAL ESPF 4 renewable energy fund, will supply the cement producer with around 230GWh of green electricity each year. The Krasin wind farm was acquired by KGAL ESPF 4 in May 2020 as a development project. The 35MW site has been producing green electricity since 2022, accor... |