Cement News tagged under: corporate
Oman Cement Co reports OMR4.447m net profit18 March 2022, Published under Cement NewsOman Cement Co posted a net profit of OMR4.447m (US$11.57m) for 2021, representing a growth in its commercial activities despite the economic impact of COVID-19. Eng Salem Bin Abdullah al Hairi, CEO of Oman Cement, said that these results have been achieved due to a number of policies implemented meet the higher demand and despite the strong competition that was witnessed in the market, not only from local cement companies but also from imported cement brands. In 2021 the company produ... |
Shree Cement starts trials at Chattisgarh clinker unit17 March 2022, Published under Cement NewsIndia-based Shree Cement has started trial run of its new clinkerisation unit (Kiln 3) at its integrated plant in Baloda Bazar, near Raipur in Chhattisgarh. The Baloda Bazar plant currently has a clinker capacity of 5.2Mta and a cement capacity of 3Mta. Alongside the kiln, the company has also installed a waste heat recovery power plant. |
Geocycle to double capacity at Córdoba RDF facility16 March 2022, Published under Cement NewsHolcim subsidiary Geocycle and the Municipality of Córdoba, Argentina, have signed an agreement to double the capacity of Geocycle’s waste processing plant at Piedra Blanca landfill. Inaugurated last November the refuse-derived fuel (RDF) plant currently has a capacity of 50,000tpa and the plan is to expand this to 100,000tpa. The facility is fully automated and processes the waste that arrives in the collection trucks operating in the central area. The garbage is shredded and screened... |
Concrete-AI joins WCA16 March 2022, Published under Cement NewsThe World Cement Association has welcomed Concrete-AI as associate corporate member. Concrete-AI is based in Los Angeles, USA, and provides an artificial intelligence (AI) and machine learning (ML) platform that can reduce material costs in concrete by 5-10 per cent, and embodied CO 2 by up to 50 per cent without compromising performance. The cloud-based platform applies pioneering data analytics from machine learning to optimise concrete formulations by accurately predicting concrete’s ... |
Bamburi Cement to raise prices as costs escalate15 March 2022, Published under Cement NewsKenya-based Bamburi Cement ( Holcim ) plans to increase prices of its products by 2-10 per cent as of 10 March 2022. The company attributed the price rise to higher raw material costs. To sustain its operations, Bamburi will be raising prices of products marketed under its Nguvu, Tembo and Fundi brands, particularly from the company’s Nairobi, Mombasa, Limuru and Sagana depots. The price of a 50kg bag of Bamburi Cement retails between KES600 (US$5.25) and KES770. |
British Rema transfers ownership to employees15 March 2022, Published under Cement NewsIn a move that demonstrates genuine belief in rewarding loyal staff, manufacturing and engineering business British Rema has transferred ownership of its group of companies into the newly-formed British Rema Employee Ownership Trust. Sole beneficiaries of this trust are current and future employees of the company. The business relies heavily on the commitment and specialist skills and knowhow of its staff. In 2019 financial advisors Grant Thornton introduced the idea of forming an... |
Azul head office seized amid dispute15 March 2022, Published under Cement NewsThe Board of Directors of La Cruz Azul, headed by José Antonio Marín and Víctor Manuel Velázquez, took over the company’s offices in Colonia del Valle, Mexico City, on 11 March 2022. While the Marín and Velázquez group maintained that the action was carried out on the basis of a court ruling, the dissident cooperative members led by Federico Sarabia and Alberto López denounced that it was an illegal seizure of the facilities, carried out by a "shock group" that threatened the employees wit... |
Dalmia Cement's Kattamateru plant is supported by villagers15 March 2022, Published under Cement NewsA public hearing for environmental clearance of the proposed Dalmia Cement Bharat Ltd factory at Kattamateru has been held by the district administration. Nearly 250 people from the various affected villages of Mattapakka, Niliguda and Sikhpally attended the meeting. They extended their conditional support to the cement factory while voicing demands like employment, healthcare, road connectivity and other facilities for land losers. Addressing affected villagers, deputy executive direc... |
Taiwan Cement posts 31% rise in February revenue14 March 2022, Published under Cement NewsTaiwan Cement Corp reported a revenue of TWD5456m (US$192.1m), up 30.7 per cent YoY when compared with TWD4173m in February 2021. For the 2M22 the company’s revenue increased 5.8 per cent to TWD12,974m from TWD12,258m. |
Chia Hsin Cement reports 14% drop in 2M22 revenue14 March 2022, Published under Cement NewsTaiwan-based Chia Hsin Cement posted a 7.6 per cent fall in revenues in February 2022, declining from TWD145m (US$5.1m) in February 2021 to TWD134m. In the first two months of 2022, the company’s revenue fell by 14.2 per cent to TWD292.1m from TWD340.6m in the 2M21. |