Cement News tagged under: corporate
Holcim expands digital customer platform21 September 2022, Published under Cement NewsHolcim is expanding its proprietary digital customer platform, ConcreteDirect, from North America to Europe and Latin America. This expansion of the comprehensive digital platform for construction job site professionals offers a seamless customer experience from France, Germany and the UK, all the way to Colombia, Ecuador and El Salvador. The platform connects all relevant jobsite professionals on a construction site with Holcim’s teams to best coordinate their tasks with tailored real-tim... |
Adani Group to double cement production capacity20 September 2022, Published under Cement NewsThe Adani Group plans to double its cement production capacity over the next five years, according to Gautam Adani, group chairman. Speaking at an event in Mumbai to mark the closure of Adani Group’s acquisition of Holcim ’s stakes in Ambuja Cements and ACC Ltd , Mr Adani said that he expects capacity to go from the current 70Mta to 140Mta over the course of the next five years. “While India is the second largest producer of cement in the world, our per capita consumption is just 25... |
CRH completes latest phase of buyback programme20 September 2022, Published under Cement NewsCRH plc has completed the latest phase of its share buyback programme, returning a further US$0.3bn of cash to shareholders. Between 16 June 2022 and 19 September 2022, 8.2m ordinary shares were repurchased on Euronext Dublin at an average discount of 0.93 per cent to the volume weighted average price over the period, according to the company. This brings the total cash returned to shareholders under its ongoing share buyback programme to US$3.8bn since it began in May 2018. CRH has als... |
CIMAF Gabon to build clinker factory in Meba20 September 2022, Published under Cement NewsCIMAF Gabon is establishing a clinker factory in the Meba area of Gabon, 40km east of the capital. CIMAF’s project was announced at the prime minister's office on 13 September, with the signing of an investment agreement between the leaders of CIMAF and the Gabonese authorities. No further details were given at the time. The Moroccan owned company currently operates a 0.85Mta grinding plant in Libreville. |
Ambuja Cements welcomes new CEO and CFO20 September 2022, Published under Cement NewsAmbuja Cements Ltd has announced a number of managerial appointments. Effective from 17 September 2022, Ajay Kapur is the company’s new chief executive officer (CEO) and whole-time director, Vinod Bahety is the new chief financial officer (CFO), and Rajiv Gandhi has been appointed company secretary and compliance officer. |
Holcim Belgium joins Fluxys CO2 network19 September 2022, Published under Cement NewsHolcim Belgium is joining forces with Fluxys to meet the cement producer's carbon neutral objectives as part of its Go4Zero programme. The first phase of Go4Zero is the construction of a dry-process clinker kiln at Holcim’s Obourg site, replacing the two current wet-process kilns. Once completed, the kiln will be capable of producing 6000tpd of clinker, making it the largest in Europe. Due to be operational in 2026, the project represents an investment of over EUR400m. Once the new ... |
Holcim closes sale of India business16 September 2022, Published under Cement NewsHolcim has closed the sale of its business in India to the Adani Group. The deal includes Holcim’s stake in Ambuja Cement at a share price of INR385 (US$4.82) and in ACC at a share price of INR2300, resulting in cash proceeds for Holcim of US$6.4bn, according to Dow Jones. Holcim held a 63.11 per cent stake in Ambuja Cement, which owns 50.05 per cent of ACC, along with a 4.48 per cent direct stake in ACC. Jan Jenisch, CEO, Holcim, said, “I would like to thank our 10,700 Indian coll... |
PPC Group revenues rise 9%16 September 2022, Published under Cement NewsPPC's group revenues, excluding Zimbabwe, for the five months ended August 2022, increased by nine per cent, driven by robust demand in Rwanda but impacted by hyperinflation accounting. Group cement sales volumes (including Zimbabwe) for the period were in line with the previous comparable period as subdued demand in South Africa and the impact of a maintenance-related kiln shutdown in Zimbabwe were offset by robust demand growth in Rwanda. In addition, cash generation remains positive and... |
Cementos Progreso leads the way in 3D printing16 September 2022, Published under Cement NewsCementos Progreso , the largest cement company in Guatemala, is harnessing the power of 3D printing to help reduce the housing deficit in Latin America. The company has installed the country’s first 3D concrete printer, developed by COBOD International, becoming COBOD’s first Latin American partner. Cementos Progreso has also inaugurated a new Innovation and development Centre in Guatemala for the research and development of 3D printing technology for the construction sector. According ... |
Lafarge Cement Zimbabwe's new mill to be operational by year end16 September 2022, Published under Cement NewsLafarge Cement Zimbabwe Ltd ( Fossil Mines Pvt Ltd ) said it will continue to increase production of its products to meet the demands associated with the growth of the economy, with the targets set in the National Development Strategy 1 usefully giving a strong estimate of the size of the local market each year. This follows approved an initial US$25m investment that will go towards increasing cement and agricultural lime capacity and an automated dry mortar plant for the local company Laf... |