Cement News tagged under: corporate
Perfect planning for Shree Cement's new Raipur clinker line27 May 2022, Published under Cement NewsAchieving its first clinker production in March 2022 , Shree Cement says its new 9000tpd Line 3 at Raipur cement plant, India, was successful because it portrayed a perfect harmony in project planning. "It showed the commitment of Shree Cement and FLSmidth teams, combined with FLSmidth's technologies and process expertise," said Shree Cement. Prashant Bangur, joint MD of Shree Cement, adds, " It was an extraordinary teamwork between FLSmidth and Shree Cement to commission a large pr... |
Secil Group rebrands27 May 2022, Published under Cement NewsPortugal-based cement producer Secil has undergone a rebranding exercise to demonstrate how its four business areas complement each other in terms of flexibility and knowledge. The UNIBETÃO concrete brand will become known as Secil Concrete, while the aggregates brand Secil Britas will now be known as Secil Aggredos. The cement business will be renamed Secil Cimento. Seciltek, the group’s range of construction solutions and materials, will remain the same. |
Cementir Group Launches AALBORG INBIND™ in Europe27 May 2022, Published under Cement NewsCementir Group has launched a new binder product for high-performance mortar and concrete applications in Europe, AALBORG INBIND™, which is a sustainable premixed white cementitious product, based on FUTURECEM ® patented technology, within InWhite ® Solutions. “We are proud to accelerate Ultra High Performance Concrete (UHPC) technology utilisation by launching a new binder solution, INBIND™, which is the valuable complement to our existing range. The scaling-up on UHPC technology ... |
Eagle Cement Corp 1Q net profit slips 3%26 May 2022, Published under Cement NewsPhilippines-based Eagle Cement Corp reported a three per cent decrease in net income to PHP1.66bn (US$31.674m) in the first quarter of 2022 from PHP1.72bn in the equivalent period of 2021. The company’s sales advanced 30 per cent from PHP5.3bn in the 1Q21 to PHP6.83bn in the 1Q22 as historically high quarterly sales volumes combined with higher average cement prices. In addition, its subsidiary Solid North Mineral Corp contributed extra revenue. Gross profit was PHP2.59bn, up 11 per ce... |
HeidelbergCement tightens climate targets and opens sustainability-linked credit line26 May 2022, Published under Cement NewsHeidelbergCement is accelerating its transformation towards a sustainable future. At this year's Capital Markets Day, HeidelbergCement presented new medium-term sustainability and financial targets under the motto 'Concrete Promises'. Dr Nicola Kimm, member of the Managing Board and chief sustainability officer of HeidelbergCement, says: "We are significantly tightening our climate targets. With the reduction of specific net CO 2 emissions to 400kg/t of cementitious material by 2030, ... |
Ozinga inflates cement storage silo at Palm Beach26 May 2022, Published under Cement NewsOzinga, a fourth-generation family-owned construction materials company, has erected a cement storage facility on its location at the Port of Palm Beach, USA. The process to inflate the silo began at 2.00h and took approximately three hours to complete. The structure’s custom appearance is the result of a cooperative effort between Ozinga, the Port of Palm Beach and the City of Riviera Beach and is designed to enhance the visual landscape of the area and complement the marine environment. ... |
SONACIM names new MD and deputy MD26 May 2022, Published under Cement NewsElhadj Bineye Emma has been appointed the new managing director of Société Nationale de Ciment (SONACIM) in Chad by Decree 1319 of 23 May 2022. He will succeed Ahmat Issakha Diar. The decree also sees the appointment of Koye Ndaye Benoit as deputy MD, replacing Kone Allah-Ridy. |
Gilinski launches offer for sizeable Grupo Argos stake25 May 2022, Published under Cement NewsIn Colombia business tycoon Jaime Gilinski has launched a public acquisition offer for a sizeable stake in Grupo Argos. Mr Gilinski is seeking a stake of 26-32.5 per cent of Argos, which is the third company on the business magnate’s radar. He is willing to pay around 18 per cent more on the Argos share price, reported Notices Financieras. “The purchase price for each share will be US$4.08,” the regulator told the stock exchange in a statement late on 19 May. According to Reuters, the offe... |
HeidelbergCement India posts 7.2% uptick in revenue in FY2225 May 2022, Published under Cement NewsHeidelbergCement India has recorded a one per cent YoY increase in revenue (net of taxes) to INR5867m (US$75.65m) in the first quarter of 2022. EBITDA over the same period has fallen 22.1 per cent to INR1186m, with the EBITDA margin contracting from 26.2 to 20.2 per cent. Profit after tax in the 1Q22 came in at INR936m, down 33.1 per cent YoY. EBITDA per tonne stood at INR961, a decline of 21 per cent YoY. Sales volumes of 1.23Mt were recorded in the 1Q22, down from the 1.25Mt seen in the sa... |
Cementos Melon inaugurates new grinding unit25 May 2022, Published under Cement NewsChile-based Cementos Melón has officially inaugurated its new grinding unit about 8.5km north of Punta Arenas in the country’s southern Magallanes region. The new 0.25Mta plant represents an investment of US$45m and is expected to produce 80,000t of cement in its first year as it ramps up capacity. At the inauguration, Cementos Melón General Manager, Jorge Eugenín, said: “For us Magallanes has always been an interesting market, its consumption is comparable to cities in developed count... |