Cement News tagged under: corporate
Ramco Cements announces capex and price rise09 June 2022, Published under Cement NewsRamco Cements has announced capex of INR12-13bn (US$154-167m) to expand its production capacity over the next two years. At its Kurnool plant, trial production of clinker is now underway and with this, clinker capacity has expanded to 13.65Mta. The cement grinding facility, 6MW waste heat recovery system (WHRS), and an 18MW thermal power plant (TPP) are due to be commissioned during 2QFY23, according to the Financial Express. An additional 1-1.5Mta of grinding capacity is also planned in K... |
UltraTech explores electrification to reduce CO2 emissions09 June 2022, Published under Cement NewsUltraTech Cement Ltd has signed a Memorandum of Understanding (MoU) with Coolbrook to explore how electrification of the cement kiln heating process can help reduce CO 2 emissions. Coolbrook, a transformational technology and engineering company, will be looking at how its Roto Dynamic Heater (RDH) can be used to deliver temperatures of up to 1700˚C with high energy efficiency, thereby enabling its use in processes that have previously been considered impossible to electrify. When power... |
Boral announces new CEO09 June 2022, Published under Cement NewsBoral has named Vik Bansal as its new chief executive officer (CEO) effective from December 2022. Mr Bansal, who is currently CEO of InfraBuild, will succeed Zlatko Todorcevski, who will remain in the role of CEO at Boral until the handover to Mr Bansal is completed. Mr Bansal also previously held the position of chief executive of Cleanaway Waste Management Ltd, according to Dow Jones Newswire. “I am excited to be part of Boral’s next phase of creating value for all its stakeholders th... |
Lafarge Zimbabwe sells majority stake in its operations08 June 2022, Published under Cement NewsLafarge Zimbabwe is selling 76.45 per cent of its business to Fossil Mines Pvt Ltd. The Holcim group member announced on Monday that it was selling the majority stake in its business. This is a further sale for Holcim following recent divestments decisions taken in India for ACC Ltd and Ambuja Cements. The Manresa cement plant has a cement capacity of 0.45Mta and employees 800 people directly. There is currently a 0.5Mta expansion project being constructed at the plant. |
UltraTech Cement to invest INR128,860m for 22.6Mta capacity expansion07 June 2022, Published under Cement NewsThe Board of Directors at UltraTech Cement (Aditya Birla group) has approved capex of INR128,860m (US$1659m) to raise cement capacity by 22.6Mta with a mix of brownfield and greenfield projects. This will be achieved by setting-up integrated and grinding units as well as bulk terminals. The additional capacity will be created across the country. Kumar Mangalam Birla, chairman, Aditya Birla Group, said, “This ambitious capacity expansion plan is a significant milestone in the ongoing... |
Tokyo Cement reports 31% jump in turnover07 June 2022, Published under Cement NewsTokyo Cement has reported a 31 per cent YoY increase in turnover to LKR16,158m (US$45m) in the fourth quarter of its financial year, ending 31 March 2022. Compared to the same period a year earlier, sales volumes declined by 11 per cent due to a breakdown at one of the company's grinding mills and the lack of availability of raw materials. For the current financial year as a whole, the company’s sales volumes improved by just one per cent, while turnover saw YoY growth of 22 per cent to LK... |
Al-Ahlia Cement launches tender for lime factory modernisation07 June 2022, Published under Cement NewsLibya’s state Al-Ahlia Cement company ( National Cement Co Group ) is offering a tender to restart its lime factory in the Souq Al-Khamis complex. The company explained that the planned restart of its lime factory will be on a joint venture (JV) basis in accordance with the Libyan Investment Law number 10 of 2010 and its executive regulations. The tender is for the renovation, operation and marketing of the lime factory output for a renewable 10-year period. Al-Ahlia has invited intereste... |
Star Cement invests in new capacity07 June 2022, Published under Cement NewsStar Cement is planning to invest INR17,000-18,000m (US$218.9m-231.8m) over the next two years, in response to robust demand from the infrastructure and real estate sectors. The company currently operates two clinker units in Meghalaya with a total capacity of around 2.75Mta. A new clinker unit, costing INR10,000m, will add a further 3Mta of clinker capacity taking total production capacity to 5.75Mta. According to BusinessLine Online, the new unit is due to be operational by April 2024. ... |
Beumer Group welcomes new CEO06 June 2022, Published under Cement NewsRudolf Hausladen has been appointed CEO of Beumer Group, effective immediately. He succeeds Dr Christoph Beumer who has held the role of CEO since 2000 and will remain on the Management Board until the end of 2022 before moving to the Advisory Board. Mr Hausladen has served on the Management Board at Beumer since October 2020. Prior to that he held a number of management positions with intralogistics providers, both nationally and internationally. “We are very pleased that we were able... |
ABB launches probe to tackle AFR explosions06 June 2022, Published under Cement NewsABB has developed ProKiln, a gas sampling system designed to reduce the risk of explosions due to the increased use of alternative fuels and raw materials (AFR). According to the European Cement Association, up to 95 per cent of traditional fuels used in cement production can be replaced with AFR to help reduce emissions. However, the volatility created by the higher use of AFR can bring with it an increased risk of explosions resulting in kiln stoppages and unnecessary costs. ABB’s ... |