Cement News tagged under: corporate
TUC calls for Obajana plant reopening17 October 2022, Published under Cement NewsThe Trade Union Congress of Nigeria (TUC) has threatened the Kogi State government to unseal Dangote's Obajana Cement plant or be ready to contend its members. In a statement signed by TUC president, Festus Usifoh, said it has become expedient for congress to act, as the welfare of over 22,000 workers, their family members, thousands of contractors, wholesalers, users of the products and other stakeholders is currently at stake. The union condemned the closure of the cement plant b... |
Titan America digitises Pennsuco and Roanoke plants14 October 2022, Published under Cement NewsTitan America has announced the successful implementation of digitalisation applications based on artificial intelligence (AI) and machine learning at its two cement plants, resulting in enhanced equipment throughput and reliability, reduced energy consumption, and improved product consistency and quality. Titan America has deployed autonomous AI real-time optimisation algorithms that dynamically process vast amounts of data from plant sensors and continuously adjust variables, bring... |
Indian profits forecast to decline14 October 2022, Published under Cement NewsIndia’s cement producers are expected to report a decline in profits for the July-September 2022 quarter, according to Mumbai-based brokerage house KR Choksey. The brokerage predicts poor results in the short-term as the industry sees a wave of consolidation taking place, along with huge capital expenditure plans announced by the industry’s leading players. KR Choksey predicts a 19.2 per cent YoY fall in net profit for UltraTech in the 2QFY22-23 with the QoQ picture showing a 33 per ... |
Carthage Cement reports 10% increase in 9M turnover14 October 2022, Published under Cement NewsTunisia-based Carthage Cement posted a turnover of TND262m (US$8.2m) at the end of September 2022, compared to TND239m in the 9M21, representing an increase of 10 per cent YoY, according to African Manager. The company attributes the rise in turnover to a 25 per cent hike in export revenues and a seven per cent advance in domestic sales. Export turnover increased to TND41.2m in the 9M22 from TND32.9m in the year-ago period. Local turnover advanced to TND198.4m in the January-September 202... |
Steppe Cement CEO increases share14 October 2022, Published under Cement NewsThe family of Javier del Ser Perez, chief executive officer at Kazakhstan’s Steppe Cement , has increased its share in the company. Following the purchase of 300,000 ordinary shares, the family now holds 18,543,115 ordinary shares, equivalent to an 8.47 per cent share in the cement producer. Steppe Cement currently runs two integrated cement plants in Kazakhstan under its subsidiaries – Central Asia Cement JSC (1.1Mta) and Karcement JSC (0.8Mta) – giving a total cement production ca... |
Pioneer Cement’s profits shrink by 47% in FY21-2213 October 2022, Published under Cement NewsPioneer Cement Ltd earned a net profit after tax of PKR1.05bn (US$4.83m) in FY21-22 (July 2021-June 2022) compared to PKR1.97bn in the same period the previous year. This translates to a decrease in profit by 47 per cent YoY. The company, in its annual report, pointed out that its net sales during the reporting period increased by 46.1 per cent to PKR31.87bn from PKR21.81bn during the same period in the previous year. Despite the topline growth, increased input costs, higher inte... |
Imerys extends capacity in India13 October 2022, Published under Cement NewsFrance-based Imerys, a world leader in mineral-based specialties, is planning to extend its capacity to meet rising demand from India’s cement and steel sectors. According to The Hindu, the company has set up a 30,000t calcium aluminate binder plant in Atchutapuram, Andhra Pradesh, to serve India’s refractory and construction industries. Imerys hopes to increase capacity further to 50,000t by 2030. The company is also in the process of setting up a research and development centre at V... |
Dangote responds to plant ownership claims13 October 2022, Published under Cement NewsDangote Industries Ltd (DIL), the parent organisation of Dangote Cement Plc (DCP), has issued a statement reiterating that it acquired the Obajana cement plant in Kogi State following due process, reports The Punch newspaper. The statement is in response to claims by the Kogi State government that Dangote could not prove it was the legal owner of the factory. The statement by DIL clarified that the plant and machinery were conceived, designed, procured, built, and paid for solely by D... |
LafargeHolcim Côte d’Ivoire launch Bélier Blanc13 October 2022, Published under Cement NewsThe General Management of LafargeHolcim Côte d'Ivoire proceeded on 6 October 2022 to an official launch ceremony of its latest product ‘Bélier Blanc’, the first white cement produced in west Africa. The event was held at its plant in the presence of the Deputy Director of Cabinet of the Minister of Commerce, Industry and SME Promotion, and several state authorities. LafargeHolcim Côte d’Ivoire ( Holcim ) Bélier Blanc's development required an investment of more than XOF1bn (US$1.48m)... |
JSW Cement announces 5Mta of new capacity12 October 2022, Published under Cement NewsJust hours after acquiring a 100 per cent stake in Springway Mining from India Cements , JSW Cement has announced plans to invest over INR32,000m (US$388.8m) in an integrated greenfield plant in Madhya Pradesh and a split grinding unit in Uttar Pradesh. According to The Hindu Business Line, the combined cement production capacity of the two units will be 5Mta. The plant in Madhya Pradesh will have a 2.5Mta clinker capacity, 2.5Mta grinding capacity, and a 15MW waste heat recovery syste... |