Cement News tagged under: corporate
Flying Cement to install 21MW power plant for Line 205 October 2022, Published under Cement NewsCompany Secretary of Flying Cement Co Ltd, Shahid Ahmad Awan has informed Pakistan Stock Exchange (PSX) that the Board of Directors of the company, in their meeting on 3 October discussed the installation of 21MW captive power plants to meet the power requirement of Line 2 at Lilla, in Punjab province of Pakistan. The company has already obtained a no-objection certificate (NOC) for its installation from the Government of Punjab Environmental Protection Agency. According to the company... |
APO Cement suspends Davao terminal05 October 2022, Published under Cement NewsAPO Cement Corporation , part of Cemex Holdings Philippines Inc , has temporarily suspended operations at its Davao terminal in the Philippines due to the constant influx of cement imports, reports Manila Bulletin. The continued arrival of imports, particularly from Vietnam, has led to rising costs and falling volumes, according to APO. “Our operational costs in maintaining the Davao terminal have increased and continue to increase, while our volumes are decreasing due to the unabated en... |
Eagle Cement majority stake to San Miguel05 October 2022, Published under Cement NewsSan Miguel Corp (SMC) is to acquire an 88.5 per cent stake in Eagle Cement Corp , reports GMA News. SMC said its boards of directors authorised the management of the corporation to “negotiate and enter into a share purchase agreement with the selling shareholders.” The selling shareholders of Eagle Cement include Ramon Ang, John Paul Ang, Monica Ang, and Far East Holdings Inc (FEHI), the latter of which is majority owned by Ramon Ang. The approved acquisition price is reportedly PHP22.0... |
Lehigh Hanson acquires concrete and asphalt recycling company05 October 2022, Published under Cement NewsLehigh Hanson, Inc has acquired JEV Recycling Inc a key recycler of concrete and asphalt with a large facility in Woodinville, Washington, USA. With the addition of the JEV business, Lehigh Hanson continues to strengthen its portfolio of recycled materials in the Greater Seattle area to better meet the increasing need for more sustainable construction materials. “The acquisition of JEV Recycling represents an important step for Lehigh Hanson as we grow our business beyond cement and ag... |
Holcim buys Polymers Sealants North America05 October 2022, Published under Cement NewsHolcim has completed the acquisition of the Polymers Sealants North America (PSNA) division of Illinois Tool Works. PSNA is a leader in coating, adhesive and sealant solutions with 2022 estimated net sales of USD100m. With more than 150 employees and manufacturing plants in California, Arizona, Texas, Georgia and Massachusetts, PSNA will accelerate the growth of Solutions & Products, especially in waterproofing and coatings. PSNA’s innovation-driven approach is highly complementary t... |
Votorantim adopts new logo and rebrands05 October 2022, Published under Cement NewsVotorantim Cimentos is introducing its new corporate brand that aims to be more contemporary and representative of the diversity of its people, products and businesses, combining tradition, innovation and a vision of the future. The rebranding project reflects the company's global strategic objectives and sustainability commitments The new visual identity seeks to connect the company's strategic objectives and sustainability commitments with the process of transformation... |
India Cements in talks to sell Madhya Pradesh project04 October 2022, Published under Cement NewsIndia Cements is reportedly in talks with a number of companies over the sale of its project in Madhya Pradesh. India Cements had planned to set up a 3Mta integrated cement plant on the site but is now looking to sell the site to reduce its long-term debt, reports The Hindu. The project with its limestone mine is valued at around INR8000m (US$97.8m). Among the companies vying for the project are UltraTech Cement , JSW Cement , Birla Group and Adani Group . May 2022 saw India Ceme... |
Thatta Cement receives an offer to explore minerals04 October 2022, Published under Cement NewsThatta Cement has informed Pakistan Stock Exchange (PSX) that the Director General Mines and Minerals of Baluchistan has granted a provisional offer to Thatta Cement to explore minerals in District Lasbella, Baluchistan Province of Pakistan. Company Secretary, Muhammad Abid Khan, added in a regulatory filing that under the said offer, the Licensing Authority has offered two sites in Lasbella, measuring a total area of 185.85km 2 (45,928.06 acres) under an “Exploration License” for exp... |
Construction on Kwinana Bulk Terminal starts04 October 2022, Published under Cement NewsWork has started on BGC Group' s AU$55m (US$35.8m) Kwinana clinker facility. The facility will incorporate a 40,000t bulk storage dome and a conveyor linking the Kwinana Bulk Terminal to adjacent Cockburn Cement operations. The new clinker circuit will significantly reduce the need for truck transport, reduce dust emissions, and result in fewer stoppages that lead to shipping delays. Clinker is used in the manufacture of cement, with more than 1.1Mt imported into Western Australia each ... |
Saxlund Group announces east European distribution agreement04 October 2022, Published under Cement NewsSaxlund Group has signed signing of an official agency agreement to promote Saxlund products and services in Romania with Bucharest-based Room industrial Solutions, one of the leading suppliers of industrial engineering and bulk materials handling solutions. “Expanding and strengthening our distribution network into European markets is another important growth step for Saxlund Group,” explains Stefan Wallerman, CEO of Saxlund Group AB. “Partnering with Rocom – an acknowledged leader in it... |