Cement News tagged under: corporate
Empire Cement Factory under fire from local residents23 September 2022, Published under Cement NewsThe Empire Cement Factory (ECF) in Ghana is coming under pressure from local residents who claim the company is failing to adhere to the Environmental Protection Agency’s (EPA) directive to cease operations. According to The Ghanaian Times, instead of halting operations, the plant is believed to have started production of cement “at an alarming and accelerated speed,” said Eddie Quaynor, chairman of the McCarthy Hill Residents’ Association in Accra. Three silos are believed to have be... |
Udaipur to raise funds through NCDs23 September 2022, Published under Cement NewsIndia’s Udaipur Cement Works Ltd has announced that it will raise INR3500m (US$43.2m) in a private placement of non-convertible debentures (NCDs). The proposed date of allotment for 3500 NCDs with a face value of INR1m (US$12,356) each is 7 October 2022, with a maturity date of 16 March 2025. According to The Hindu Business Line, the initial coupon rate will be 7.45 per cent per annum. Udaipur Cement Works currently runs a 2.2Mta cement works in Udaipur, Rajasthan. The company, a subsi... |
Holcim launches world's first 1.5°C science-based framework22 September 2022, Published under Cement NewsHolcim has announced the launch of the world’s first 1.5°C science-based framework to decarbonise the cement industry, following its partnership with the Science Based Targets initiative (SBTi). The framework was independently developed by the SBTi, in collaboration with an expert advisory group representing academia, civil society and industry, to decarbonise cement in a rigorous and science-driven way. Holcim has submitted its 1.5°C-aligned 2030 targets for SBTi validation, and is engagi... |
Fauji Cement more than doubles revenue in FY202222 September 2022, Published under Cement NewsPakistan-based Fauji Cement Company Ltd has reported revenue of PKR54,243m (US$227m) in the year ended 30 June 2022, compared to PKR24,271m in the same period a year earlier. Over the 12-month period, operating profit advanced from PKR5053m to PKR11,982m, while profit for the year improved from PKR3471m to PKR7112m. Earnings per share in the year ended 30 June 2022 came in at PKR3.26, up from PKR2.52 in the year ended 30 June 2021. The company’s board of directors has also approved the s... |
HeidelbergCement becomes Heidelberg Materials21 September 2022, Published under Cement NewsHeidelbergCement has changed its name to Heidelberg Materials . The company revealed its new brand identity in the presence of hundreds of employees at its headquarters in Heidelberg, Germany. ‘Heidelberg’ remains as a synonym for continuity and market leadership. ‘Materials’ replaces ‘Cement’ and stands for an innovative portfolio of sustainable and intelligent building materials as well as digital solutions, said the company. "We are proud of our cement business, but the company'... |
Cementa releases 2022 economic report21 September 2022, Published under Cement NewsCementa has released its economic report 2022. This year's economic report presents an unusual number of uncertainties surrounding the international economic situation, which makes this year's forecast particularly uncertain, says the Swedish cement producer. The report confirms that in the domestic market, Cementa is facing a sharp slowdown in the construction of apartment buildings in the near future, but with a slight increase in 2024. When it comes to premises and offices, the pace ... |
Makin Teguh Sdn Bhd launches Lahad Datu cement plant21 September 2022, Published under Cement NewsMakin Teguh Sdn Bhd (MTSB), in which Bornoil holds a 30 per cent stake, has opened a new cement plant, located adjacent to Borneo’s first limestone and marble quarry in Sabah, next to the Segama River. MTSB’s Lahad Datu integrated cement manufacturing plant is designed using the latest Chinese technology with great emphasis towards environmental protection and efficient energy use. It is the first integrated cement plant in Malaysia which uses renewable fuels such as heavy fuel oil deriv... |
CEMEX reaffirms commitment to UN SDGs21 September 2022, Published under Cement NewsCEMEX has announced that it is reaffirming its commitment to the United Nation’s Sustainable Development Goals (SDGs), particularly those focused on climate action; sustainable cities and communities; responsible consumption and production; and industry, innovation and infrastructure. CEMEX CEO, Fernando A González, participated in a CEO roundtable hosted by UN Secretary-General António Guterres at the UN’s New York City headquarters on 19 September 2022. The roundtable included 11 CEOs... |
Hoffmann Green sees 11% YoY rise in cement sales21 September 2022, Published under Cement NewsFrance-based Hoffmann Green Cement Technologies , a specialist in the production of clinker-free cement, has reported revenue of EUR544,000 in the first half of 2022, up from EUR540,000 in the same period a year earlier. EBITDA came in at -EUR3.5m in the 1H22, compared to -EUR2.6m at the end of the 1H21. According to the company, the decline in EBITDA is due to an increase in the purchasing of raw materials on the back of R&D tests and developments, and the resumption of trade fairs and sho... |
QNCC and Gord sign MoU on low-carbon products21 September 2022, Published under Cement NewsThe Qatar National Cement Company (QNCC) and Gulf Organisation for Research & Development (Gord) have signed a Memorandum of Understanding (MoU) pledging to improve efforts at promoting a more sustainable built environment, reports the Gulf Times. Under the agreement, the partners will collaborate on research, development and innovation (RDI) projects in the field of green/low-carbon building products. Apart from RDI activities, the organisations will also lead capacity building and kno... |