Cement News tagged under: corporate
CBR's Antoing site undergoes successful maintenance upgrades21 February 2022, Published under Cement NewsMaintenance took place at CBR’s Antoing cement plant for a period of three weeks (between 17 January and 6 February 2022). All of CBR’s maintenance teams were mobilised to carry out a set of tasks. The main tasks included work to the cement mills and rotary kiln. The ball mill plates on the side of the tube walls were replaced during maintenance to ensure the efficiency of the equipment. All the refractory bricks in the 67mx3.9m kiln were inspected and assessed to define ... |
Cementos Argos erects industrialised plant for concrete modular solutions21 February 2022, Published under Cement NewsWith the installation of the first industrialised plant for concrete modular solutions in Colombia, Argos will begin to produce and market modular solutions in concrete for building houses and infrastructures in series. The plant will begin operations at the end of the 1H22, allowing the construction of an estimated 500 homes by the end of this year. This endeavour will generate 60 direct and 300 indirect jobs. All this is part of Argos’ commitment to sustainable construction, climat... |
Ambuja Cements record 23% net sales YoY growth in full year 202118 February 2022, Published under Cement NewsAmbuja Cements (Holcim group) reports net sales for the full 2021year stood at INR 137,940m (US$1.83m) compared to INR 111,750m in the previous year, registering a growth of 23 per cent YoY supported by strong growth in sales volumes and product mix. However, total operating cost per tonne increased by three per cent during the year. Operating EBIT stood at INR 26,560m compared to INR 21,250m, recording a strong growth of 25 per cent YoY. Net sales during the quarter s... |
Societe de Ciment de Cote d'Ivoire sees inauguration second plant17 February 2022, Published under Cement NewsCôte d’Ivoire’s Prime Minister, Jérôme Patrick Achi, has inaugurated the second cement plant of Société de Ciment de Côte d’Ivoire in Yopougon’s industrial zone in Abidjan. The new unit has a capacity of 1.5Mta and effectively doubles the company’s existing capacity. It will use latest-generation production technology that takes into account environmental requirements. In terms of employment the new works creates more than 3000 direct and indirect jobs. The Prime Minister thanked the... |
Mangal Industries selects Sinoma to build 3Mta cement plant17 February 2022, Published under Cement NewsAn indigenous Nigerian firm, Mangal Industries had signed a US$600m deal agreement with Sinoma International Engneeering of China for the construction of a 3Mta cement plant and 50MW captive power plant in Mopa, Kogi State, Nigeria . The factory will rely on the best available technology for cement production and in line with the highest environmental standards and scheduled to be completed in early 2024. |
FLSmidth advances two Board of Directors nominations17 February 2022, Published under Cement NewsFLSmidth & Co A/S Board of Directors has nominated current Vice Chairman, Tom Knutzen, as new Chairman of the Board, taking over from Vagn Sørensen after an 11-year tenure. Mr Knutzen has been a member of the FLSmidth Board of Directors since 2012. He is also Chair of the Audit Committee and a member of the Nomination and Compensation Committee. Mr Knutzen’s distinguished career includes his current role as CEO of Jungbunzlauer Suisse AG, from which he has resigned effective end April 2022, ... |
Vicat reports 29% rise in consolidated net income in 202116 February 2022, Published under Cement NewsVicat saw its consolidated sales advance by 11.3 per cent to EUR3123m in 2021 from EUR2805m in 2020. At constant scope and exchange rates the increase was 16.2 per cent. EBITDA was up 11.1 per cent and 14.5 per cent like for like (LfL) to EUR619m in 2021 from EUR557m in the previous year. However, the EBITDA margin slipped from 19.9 per cent in 2020 to 19.8 per cent in 2021. Consolidated net income increased by 29.1 per cent (31.8 per cent LfL) YoY to EUR222m from EUR172m in 2020, with... |
FLSmidth sees 5% rise in order intake in 202116 February 2022, Published under Cement NewsFLSmidth reported a five per cent increase in order intake in 2021 as the impact of the COVID-19 pandemic waned and project sites became more accessible. Including currency effects the intake was up by four per cent to DKK19,233m (US$2941m) with mining and cement contributing equally to the growth. Service order intake advanced by 14 per cent while capital orders declined by seven per cent. FLSmidth Group CEO, Mikko Keto, commented: “FLSmidth delivered a solid performance in 2021. Despite ... |
ACC Ltd commissions new grinding capacity in Tikaria16 February 2022, Published under Cement NewsACC Ltd has commissioned 1.6Mta grinding capacity in Tikaria , Uttar Pradesh, India. The project has expanded cement capacity at the Tikaria plant to 3.91Mta. “As announced earlier, the company is progressing well to increase its capacity, ie, 2.7Mt of clinker and 4.8Mt of cement by 2024,” said ACC MD and CEO, Sridhar Balakrishnan. |
Cementos Pacasmayo sees 40% rise in sales volumes in 202115 February 2022, Published under Cement NewsSales volumes of cement, concrete and prefabricated products of Peru-based Cementos Pacasmayo fell 6.2 per cent in the 4Q21 when compared with the 4Q20. Income was up 10.4 per cent as cement and concrete prices increased in line with inflation and by a change in the sales mix, favouring cement and concrete at better prices. Consolidated EBITDA increased 10.5 per cent to PEN141.5m YoY, but the EBITDA margin remained stable at 27 per cent when compared with the 4Q20. Net profit advanced 8.6... |