Cement News tagged under: corporate
Semen Indonesia integrates Semen Baturaja28 September 2022, Published under Cement NewsPT Semen Indonesia Tbk (SMGR) announced it will acquire 7.49bn shares, or a 75.51 per cent stake, of PT Semen Baturaja Tbk (SMBR). As a result, Semen Indonesia will become the owner of Semen Baturaja. The step is based on Indonesian Government Regulation No 33 of 2022, issued on 21 September, concerning the Addition of State Equity Participaton of the Republic of Indonesia into the Share Capital of the Company (Persero) PT Semen Indonesia Tbk. In the regulation nearly 7.5bn state-owne... |
Cauldon plant celebrates its 65th year anniversary28 September 2022, Published under Cement NewsIt was a special occasion at Aggregate Industries ’ Cauldon Cement plant this month as the business held a jam-packed two-day event to mark 65 years of cement manufacturing. Founded in 1957, the Cauldon plant, Staffordshire, was the very first dry-process cement plant to be installed in Britain and played a key role in the modernisation of the UK cement industry, says Aggregate Industries. As part of its Building Progress for a Sustainable Future programme, in 2021 the Cauldon pla... |
Kohat Cement's profit increased by 44% in FY21-2227 September 2022, Published under Cement NewsKohat Cement Co Ltd (KOHC) has announced an increase of 43.7 per cent in its profit on a YoY basis during its financial results for the year ended 30 June 2022. It reported a profit after tax of PKR5.024bn (US$21.31m) compared to PKR3.497bn earned in the year's corresponding period. The major factor responsible for the increase in profit was growth in sales. IMS Research has added that KOHC has posted impressive gross margin and operating profitability in 4Q (April-June 2022), majorly att... |
Sagar Cements welcomes new chairman27 September 2022, Published under Cement NewsIndia's Sagar Cements Ltd (SCL) has appointed Kalidindi Venkata Vishnu Raju as chairman, effective from 24 September 2022. He succeeds K Thanu Pillai. Mr Vishnu Raju is also on the board of Anjani Vishnu Allied Services as a whole-time director and was also previously on the board of Anjani Portland cement as chairman and managing director from 1999-2014. SCL currently has an installed production capacity of 8.25Mta. |
Holcim appoints Carmen Díaz as MD LafargeHolcim España27 September 2022, Published under Cement NewsHolcim has appointed Carmen Díaz as managing director of its subsidiary LafargeHolcim España . She will succeed Isidoro Miranda, who will continue to be linked to the group as senior advisor, a position he will combine with the presidency of CEMBUREAU. Carmen Díaz, a chemical engineer from the University of Oviedo and PDG (General Management Programme) from IESE, joined the company in 2002 as head of the concrete business area in Spain. She has been based in France and the UK, leading H... |
Oman Cement commissions WTE plant26 September 2022, Published under Cement NewsAs part of efforts to reduce its reliance on natural gas, Oman Cement plans to commission a waste-to-energy (WTE) plant, using shredded scrap tyres. The plant is expected to be commissioned by the end of 2022. According to Oman Daily Observer, the plant is part of a fuel diversification strategy adopted by the cement company, which is 51 per cent owned by Oman Investment Authority (OIA), to enable access to a mix of alternative, sustainable energy sources. Two years ago, Oman Environmen... |
Dangote revives plans to open Kenyan factories26 September 2022, Published under Cement NewsWhile attending the inauguration of Kenya’s fifth President Dr William Ruto, Aliko Dangote revealed that he wants to revive plans for two new cement plants for Dangote Group in Kenya. The two cement plants would have a combined capacity of 1.5Mta. Earlier in 2017, Aliko Dangote registered two companies, Dangote Cement and Dangote Quarries Kenya Ltd, in Kenya with operations in Nairobi and Mombasa. Dangote has 90 per cent share owership in these companies with 10 per cent held by local s... |
East African Portland Cement Co restarts plant after kiln shell upgrade26 September 2022, Published under Cement NewsEast African Portland Cement Company (EAPCC), part of Holcim, has restarted its 1.4Mta Athi River cement plant after replacement of a faulty kiln shell. According to the company,16m of damaged kiln shell has been replaced with a new section, at a cost of KES500m (US$4.12m). Oliver Kirubai, managing director of EAPCC, said that the upgrade is in line with the company’s recently-launched five-year strategic plan, which aims to put EAPCC back onto a profitable path. "We have already sta... |
Qassim Cement signs MoU for proposed acquisition of Hail Cement26 September 2022, Published under Cement NewsQassim Cement Co (QCC) signed a non-binding memorandum of understanding (MoU) with Hail Cement Co (HCC) to commence discussions for QCC to acquire all issued shares of HCC. In a statement to Tadawul, QCC said both parties will proceed with the due diligence in relation to the proposed transaction. If the deal completes based on the exchange ratio, the total consideration to be paid by QCC to HCC’s shareholders will be approximately 18.92m newly-issued shares in QCC. Based on QCC’s ... |
Holcim completes Cantillana acquisition23 September 2022, Published under Cement NewsHolcim has completed the acquisition of Cantillana, a specialty building solutions market leader in Belgium with 2022 estimated net sales of EUR80m. Cantillana offers a broad range of façade construction and external thermal insulation systems. This further strengthens Holcim’s position in building renovation and energy efficiency solutions, building on the recent acquisitions of PRB Group in France, PTB-Compaktuna in Belgium and Izolbet in Poland. With more than 200 employees and ... |