Cement News tagged under: corporate
Duraton Cement launches Bihar plant14 April 2023, Published under Cement NewsDuraton Cement has launched a new cement plant. The company has started a new 0.8Mta cement plant in Samastipur, Bihar , India. Company Director, Karan Agarwal, said: "I am thrilled to announce the launch of Duraton Vement in Bihar. It marks a major milestone in our company's growth and expansion." This is the company's second plant following the opening of the 1.5Mta Rajgarh cement plant in 2018, which was built by FLSmidth. |
CEMEX invests in rail solutions14 April 2023, Published under Cement NewsCEMEX has completed a significant investment into its rail solutions facility at Somercotes, Derbyshire, UK. This development was undertaken to meet increasing customer demand for its concrete bearers for switches and crossings. As a result of this investment, CEMEX will be able to manufacture an additional 18,000 linear metres of bearers for switches and crossings every year. This additional capacity is vital to meet the requirements of CEMEX’s clients in the rail sector. The... |
Steppe Cement sees volumes fall 24% in 1Q2314 April 2023, Published under Cement NewsKazakhstan-based Steppe Cement has reported sales of KZT4.94bn (US$10.96m) in the opening quarter of 2023, compared to KZT6.3bn in the same period a year earlier, representing a 21 per cent YoY decline. According to the Morning Star, in terms of cement volumes, over the same period sales fell from 281,968t to 214,832t, down 24 per cent YoY. The company’s market share has also slipped from 14 to 13 per cent. Cement demand in Kazakhstan is expected to come in at around 10-10.5Mt in 2023, ... |
Saudi cement companies fined for price manipulation14 April 2023, Published under Cement NewsSaudi Arabia’s General Authority for Competition (GAC) has fined 14 cement companies a total of SAR140m (US$37.33m) for price manipulation activities. Each company has been found guilty of trying to manipulate Saudi’s cement market with price increases, resulting in a SAR10m fine each. According to the Saudi Gazette, the GAC received numerous complaints that several cement producers were collaborating to raise cement prices and share the local market between themselves. After collecti... |
Eriez® appoints John Blicha as VP Global Marketing & Brand Management14 April 2023, Published under Cement NewsSeparation technology specialist Eriez ® announces the promotion of John Blicha to Vice President, Global Marketing & Brand Management. Blicha will spearhead Eriez’ worldwide marketing and go-to-market sales strategies, according to Eriez President and CEO, Lukas Guenthardt. Blicha joined Eriez in 2012 as marketing communications manager and served most recently as senior director of global marketing and brand management. “John has made significant contributions to the company throu... |
YTL Cement signs MoU to tackle standards and sustainability13 April 2023, Published under Cement NewsYTL Cement Bhd has signed a Memorandum of Understanding (MoU) with Construction Research Institute (CIDB) Malaysia to promote sustainability within the country's construction sector. According to The Star, the MoU will focus on three key areas: human resources development, research and development, and support of the construction industry’s transition to sustainability. As part of the collaboration, both parties will make use of YTL Cement’s laboratory and testing facilities to provide ... |
Dandot Cement completes Punjab plant upgrade13 April 2023, Published under Cement NewsMuhammad Kamran, company secretary of Dandot Cement Co Ltd, has stated that commercial production is expected to resume in the first quarter of the next financial year upon completing Balancing the Modernisation of Replacements (BMR) of 504,000t capacity at the Jehlum cement plant in Punjab, Pakistan. A regulatory filing to the Pakistan Stock Exchange (PSX) and the last financial report adds that to meet the legal standards and to avoid any adverse action from Environmental Department, ... |
China Resources Cement issues 1Q23 profit warning13 April 2023, Published under Cement NewsChina Resources Cement Holdings Ltd has issued a profit warning for the first quarter of 2023 ended 31 March. Over the three-month period, the company expects to report a loss attributable to owners of the company of between HKD35m-45m (US$4.46m-5.73m), compared to a profit of HKD729.5m in the same period a year earlier. The loss has been attributed to the lower selling prices of the group’s products compared to the 1Q22, along with the one-off gain of HKD239.1m from the disposal of a s... |
Dalmia Bharat outlines next phase of expansion13 April 2023, Published under Cement NewsDalmia Bharat Ltd is planning to expand its cement production capacity to 75Mta by 2027, from its current capacity of 39Mta. The first phase of this expansion will see capacity increase to 54Mta by the close of FY23-24. Through these expansion plans, the company is aiming to reduce its exposure in the east-south region and focus primarily on the western, mid and northern regions, according to The Hindu. With India’s cement consumption forecast to rise faster than its GDP, the cement pro... |
Indian cement volumes forecast to rise 6% in 4QFY22-2312 April 2023, Published under Cement NewsIndia’s cement sector is expected to see growth in the 4QFY22-23 of around six per cent YoY and 13 per cent QoQ, according to a new report by Antique Stock Broking Ltd (ABS). Industry volume is predicted to reach around 109Mta with a utilisation rate of 80 per cent in the 4QFY22-23. UltraTech Cement has already reported grey cement volumes of 30Mt, up 14 per cent YoY, implying a utilisation rate of 94 per cent on expanded capacities. The total cost per tonne of cement is forecas... |