Cement News tagged under: corporate
FLSmidth receives further clearance for acquisition of thyssenkrupp mining business23 March 2022, Published under Cement NewsFLSmidth has now received regulatory clearances from the Australian, South African, Peruvian and Chilean authorities for its acquisition of thyssenkrupp's mining business. This is in addition to approvals already received from Canada and Morocco amongst others. All clearances to data have been without imposition of any competition related remedies, says the Denmark-based company in a statement. FLSmidth Group CEO Mikko Keto commented: “Receiving regulatory clearances in such important min... |
FLO2R is strengthening its product focus for the cement industry23 March 2022, Published under Cement NewsKim Koldsø has joined the FLO2R team. Mr Koldsø brings on more than 20 years of specialised gas analysis product and process knowledge and hands-on experience from the cement industry, and therefore is the perfect addition to its organisation and pursuit of better gas analysis solutions, according to the company. FLO2R is deeply engaged in developing new and more powerful process gas analysis solutions to the cement industry. Solutions which will make the cement industry capable of ha... |
Maple Leaf Cement Co’s expansion project nears completion22 March 2022, Published under Cement NewsMaple Leaf Cement Co (MLCF) is expecting to complete the Kiln Line No 4 expansion at the existing site in Iskanderabad, Mianwali district, Pakistan, in October 2022. This will lead the company to become the fourth largest player in the industry with a single site capacity of 7.7Mta. Addressing a Pakistan Mid Cap Conference 2022 organised by research house Topline, Group Director Finance of Maple Leaf Group, Mohsin Naqvi, disclosed the details of the expansion plan and added that the overa... |
Norcem temporarily halts production at plants22 March 2022, Published under Cement NewsNorway-based Norcem has suspended operations at its Brevik and Kjøpsvik plants due to annual scheduled maintenance work and the crash of a central mill engine at Kjøpsvik. In addition, a supplier who should have carried out some of the maintenance work dropped out. Part of the production has been replaced by imports. CEO John Sunde says the company expects stocks to cleared but was unable to say for how long. |
BUA Cement fire results in loss of three lives22 March 2022, Published under Cement NewsThe management of BUA Cement PLC at the weekend announced a fire incident that occurred at a diesel storage tank farm situated in the vicinity of one of its plants in Sokoto . The company in a statement signed by Sada Suleiman, assistant director of Admin Services, said the incident occurred while routine maintenance work was ongoing on one of the storage tanks by a third-party contractor. However, it explained that immediately the incident occurred, its emergency management and mit... |
InterCement records total cement and clinker volumes of 20.1Mt in 202121 March 2022, Published under Cement NewsInterCement ’s total cement and clinker volume reached 20.1Mt in 2021, an increase of six per cent in comparison to 2020, while in 4Q21 volumes were at solid 5.1Mt, stable when compared to 4Q20. In Argentina cement industry remained on a strong pace during the quarter, with Loma Negra volumes up four per cent YoY. Brazilian volumes, although declining by 3.7 per cent YoY, remained on a healthy level, backed by solid demand as result of strong backlog from housing sector and posit... |
Maple Leaf Cement records consolidated profit of PKR2.757bn21 March 2022, Published under Cement NewsIn 1HFY22 Maple Leaf Cement ’s consolidated profit stood at PKR2.757bn (US$15.27m) as against PKR1.625bn for the corresponding period last year, representing an increase of 70 per cent. A total sales volume of 2.406Mt was achieved in the 1HFY22, depicting a 4.5 per cent decrease over 2.52Mt sold during the corresponding period last year. Domestic sales volume was 2.336Mt, defining almost the same level of demand, with slight pressure on cement consumption in the local market compared ... |
Titan Cement records revenue growth of EUR1714.6m in 202118 March 2022, Published under Cement NewsTitan Cement Group generated record revenues of EUR1714.6m, up 6.7 per cent from 2020, reflecting higher demand and a supportive pricing environment. EBITDA declined by 4.6 per cent to EUR272.4m. Net profit after taxes and minorities (NPAT) climbed to EUR89.6m (EUR1.1m in 2020 and EUR50.9m in 2019). Thanks to a successful refinancing strategy the group lowered significantly its finance costs for a third consecutive year to EUR33.6m (EUR19m lower than 2020 and EUR30m lower than 2019). ... |
FYM-HeidelbergCement temporarily shuts down Málaga clinker production18 March 2022, Published under Cement NewsThe FYM - HeidelbergCement Group cement plant in Málaga, of which the sale to Votorantim Cimentos is being finalised, will stop its clinker production until the end of March. The company said the step was necessary due to the “unhealthy costs of electricity that tax the cost of production since the beginning of the Russian invasion of Ukraine." The CEO of FYM-HeidelbergCement Group, Jesús Ortiz, attributes the high cost of electricity in Spain to the “marginal pricing” used for charging... |
Elementia to invest US$40m in El Salvador18 March 2022, Published under Cement NewsMexico-based Elementia is investing US$40m in its Cementos Fortaleza plant in Acajutla, El Salvador. The project will add 0.3Mta of cement capacity to the country and is expected to start operation in the 1Q23. “The new 0.3Mta Cementos Fortaleza plant, which is expected to start operations in the first quarter of 2023, will be built in El Salvador due to its strategic location in Central America, with access to key ports, a climate positive in terms of foreign investment and the right char... |