Cement News tagged under: corporate
Schwenk Latvija reports 5% increase in turnover in 202127 June 2022, Published under Cement NewsSchwenk Latvija has reported a 4.9 per cent YoY increase in turnover in 2021. The company's turnover reached EUR96.455m, while profit came in at EUR16.118m, up 31.9 per cent YoY, according to Firmas.lv. 2021 saw Schwenk Latvija sell more than 1Mt of cement, of which over 75 per cent was exported, mainly to Finland, Estona and Sweden, reports Baltic Business Daily. Capex in 2021 stood at over EUR23m, up 16 per cent on the 2020 figure. According to the company's annual report, despite the nega... |
Holcim Maroc inaugurates Agadir plant27 June 2022, Published under Cement NewsHolcim has opened its 1.6Mta Agadir-Souss plant in southern Morocco. Built in 2021, the company invested MAD3bn (US$299m) in the plant, which includes automation and artificial intelligence to optimise the production process. In terms of sustainable operation, the Agadir-Souss facility will be powered using wind power from 2023 onward and will also use alternative fuels. In addition, the works generated 1400 temporary jobs during construction and 200 direct jobs since its opening. F... |
Société de Ciments de Gabès begins kiln shutdown24 June 2022, Published under Cement NewsWork on the kiln shutdown at Société de Ciments de Gabès cement plant in Tunisia began on 23 June 2022. The work is being carried out by Sotuqua. The plant , which belongs to the Secil group has a cement capacity of 1.29Mta and is situated on the east coast of Tunisia. |
Gujarat Sidhee Cement temporarily stops kiln23 June 2022, Published under Cement NewsIndia-based Gujarat Sidhee Cement Ltd said it has stopped the kiln at its Sidheegram plant for 15-20 days. The stop has been attributed to the plant’s high clinker inventory. Cement grinding and dispatches will continue, according to Reuters. |
Kesoram to boost cement capacity to 15Mta22 June 2022, Published under Cement NewsKesoram Industries Ltd, part of the B K Birla Group, announced that its plans to increase its cement production capacity to 15Mta from 11Mta. The expansion plan will take 3-4 years to complete, according Mr P Radhakrishnan, whole-time director and CEO of Kesoram industries. The increase is cement capacity represents an investment of INR3.5bn-5bn (US$44.8m-64m). Kesoram Industries planned to increase capacity by 1Mta by debottlenecking and then add a kiln to the existing facility to decre... |
Titan Cement announces management changes22 June 2022, Published under Cement NewsMarcel Constantin Cobuz is joining Titan Cement Group as a member of its executive committee from 1July 2022. He will also succeed Dimitri Papalexopoulos as chairman of the executive committee, effective from 15 October 2022. Mr Papalexopoulos will become chairman of Titan’s board of directors, taking over the role from Mr Arapoglou on 1 January 2023. Mr Cobuz, a French and Romanian national, brings with him more than 20 years’ experience in the building and infrastructure mate... |
Boral cuts back operations as energy prices soar20 June 2022, Published under Cement NewsBoral Ltd has cut back its operations due to a surge in energy prices in Australia, according to Reuters. The company has reportedly not only curtailed some areas of its production but has also been forced to pass the change in energy prices onto its customers. It is also in the process of reviewing its overheads to help offset the “inflationary challenges” the company told Reuters. Although Boral acknowledged efforts made by the Australian energy market operator to cap wholesale power pri... |
Misr Cement (Qena) approves operations and maintenance programme20 June 2022, Published under Cement NewsThe board of directors of Misr Cement (Qena) have approved the operations and maintenance of the company’s factory, according to a filing to the Egyptian Exchange (EGX). The factory was managed by Arab Swiss Engineering Company (ASEC) under an agreement that ends ion 30 June 2022. On 16 May Misr Cement (Qena) reported a 106 per cent YoY increase in consolidated profit attributable to controlling shareholders during the 1Q22, recording EGP59.631m (US$3.18m). |
Ambuja Cements embraces digitalisation16 June 2022, Published under Cement NewsAmbuja Cements Ltd ( Holcim group ) has renewed its focus on digitalisation. This will remain a key area for Ambuja Cements as it reshapes the way the company operates from running the plants to managing logistics and supply chains and ensuring customer connect. To this end, the company has invested in its ‘Plants of Tomorrow’ initiative, which aims to make manufacturing more efficient through better plant optimisation, higher plant availability and a safer working environment. Under th... |
Alfred H Knight opens Olympic Business Park sample preparation lab16 June 2022, Published under Cement NewsAlfred H Knight has opened its state-of-the-art sample preparation facility. The site, located in Olympic Business Park, Kilmarnock, UK, is a result of significant investment and expansion of Alfred H Knight’s operations in Scotland and will now be home to all of the Energy Services’ sample preparation services for biomass, coal and waste in Scotland. The energy transition is a welcome pathway from fossil-based fuels to zero-carbon and as the energy sector looks to reimagine the way th... |