Cement News tagged under: corporate
Vicat Cement Egypt's acquisition of Sinai Cement approved14 April 2022, Published under Cement NewsThe Financial Regulatory Authority (FRA) has approved the publication of a disclosure of an acquisition offer by Vicat Cement Egypt for a 42.12 per cent stake in Sinai Cement Co at EGP6.74 (US$0.36) per share, according to a filing to the Egyptian Exchange (EGX). Vicat will buy 56.064m shares in Sinai Cement, increasing its stake in the company to 100 per cent. |
Steppe Cement's market share edges up14 April 2022, Published under Cement NewsKazakhstan-based Steppe Cement sold 281,968t of cement for KZT6.299m in the first quarter of 2022. This brings the company’s market share to 13.7 per cent in the 1Q22 from 13.2 per cent in the 1Q21. The Kazakh cement market expanded by 12 per cent in the 1Q22 when compared with the equivalent period in 2021. Average prices for delivered cement climbed to KZT22,341/t from KZT21,332/t. The Kazakhstan posted revenue of KZT6.3bn (US$14m) in the three months ended 31 March 2022 up from KZT... |
UltraTech Cement preferred bidder for Karnataka limestone13 April 2022, Published under Cement NewsUltraTech Cement (owned by Aditya Birla Group ) has emerged as the preferred bidder in the e-auction for the Diggaon Limestock Block. "The company participated in the e-auction of Diggaon Limestone Block conducted by the Government of Karnataka and has been declared as the preferred bidder," the company said in a regulatory filing. The block is situated in Chittapur township in the Kalburgi district of Karnataka, India. It is adjacent to UltraTech Cement’s Rajashree cement plant. The bl... |
Power Cement's Kiln Line III to resume operations by the end of April 202213 April 2022, Published under Cement NewsPower Cement Ltd informed Pakistan Stock Exchange (PSX) on 11 April 2022, that a component of the new Line III of the company’s plant at Nooriabad Industrial Area, Kalo Kohar District, Jamshoroo, Sindh, was damaged at the end of January 2022. According to Power Cement's Company Secretary, Salman Gogan, it does not expect an adverse financial impact due to the warranty coverage and the availability of stock sufficient to cover over two months of sales. Meanwhile, the planned periodic ... |
Titan Cement Group releases its 2021 Integrated Annual Report12 April 2022, Published under Cement NewsTitan Cement Group has published its 2021 integrated annual report, which outlines the group's financial, as well as environmental, social and governance (ESG) performance. Titan generated record revenues in 2021 and is well on track to achieve its ESG targets for 2025 and beyond, claims the company. Titan 2021 integrated annual report highlights • record group revenue of EUR1714.6m, up 6.7 per cent, reflecting higher demand and supportive pricing across all regions • increase of net... |
Holcim publishes agenda for 2022 AGM12 April 2022, Published under Cement NewsThe Holcim annual general meeting will take place on 4 May 2022 at 10am CEST at company headquarters in Zug, Switzerland. In accordance with applicable Swiss COVID-19 legislation, it will be held without the presence of shareholders, making safety a priority again for this year’s AGM. The Board of Directors invites shareholders to submit their questions in advance regarding the Holcim 2021 Integrated Annual Report and the AGM. Climate report In line with Holcim's commitment to lead it... |
Borneo Oil increases investment in Sabah cement plant11 April 2022, Published under Cement NewsBorneo Oil Bhd increased its investment to MYR50.7m (US$12m) in Sabah’s first integrated clinker and cement plant, which is expected to be commissioned by the 3Q22. The plant is owned by Makin Teguh Sdn Bhd. Located in Lahad Datu the new plant has a capacity to produce 720tpd of Portland-grade cement. It is the first micro cement plant in Malaysia to use environmentally friendly technologies such as waste heat recovery and a fuel mix consisting of heavy fuel oil and biomass fuels including... |
Taiwan Cement reports 2% rise in March revenue11 April 2022, Published under Cement NewsTaiwan Cement saw its revenue increase two per cent to TWD9971.65m (US$342.96m) in March 2022 from TWD9779.716m. In the first quarter of 2022 the company posted a revenue of TWD22945.614m, up four per cent from TWD22037.652m in the 1Q21. |
Empire Cement Ghana denies producing cement without a permit08 April 2022, Published under Cement NewsEmpire Cement Ghana Ltd, located at Weija, in Accra, Ghana, allegedly been producing and distributing cement without authorisation according to rival local cement manufacturers. Existing cement manufacturers in Ghana have also accused the new entrant of operating under unethical environmental conditions, reports Graphic Online. However, Empire Cement has denounced and discredited the accusations, saying it has not started producing cement at the factory for the open market. The co... |
FLSmidth and AVEVA sign global digital solutions and service partnership agreement08 April 2022, Published under Cement NewsFLSmidth and AVEVA have signed a global partnership to deliver cutting-edge digitally enabled solutions and services to the mining industry. The agreement will accelerate the digitalisation of mining operations and allow miners to benefit from improved performance and productivity globally. With the new partnership, FLSmidth will work with AVEVA, using AVEVA's technology to securely integrate and provide various digitally enabled services to customers. AVEVA PI System will serve as the... |