Cement News tagged under: corporate
BUA Cement brings Kalambaina Line 4 online28 January 2022, Published under Cement NewsOn 27 January Nigerian President Muhammadu Buhari inaugurated BUA Cement ’s 3Mta Line 4 at the company’s Kalambaina cement plant in Sokoto, Nigeria. "I am pleased that through these investments, BUA Cement has created employment opportunities for our citizens. Today, BUA is the largest employer of labour in the North-west region,” he said. The president recounted that in 1985 as the then Head of State, he was at the same location to commission the second line of the Sokoto plant. "Tod... |
FLSmidth updates financial guidance for 4Q21 and 2021 performance28 January 2022, Published under Cement NewsFLSmidth updated its preliminary full year 2021 revenue guidance replacing its financial guidance provided on 11 November 2021. This improvement was primarily driven by the Capital business in the 4Q21. Revenue is now estimated at DKK5.1bn (US$763.6m) in the 4Q21 and DKK17.6bn (US$2.63bn) for the full year compared to DKK16-17bn previously forecast. EBITDA margin is forest to reach 6.6 per cent in the 4Q21 and 5.9 per cent in the full year compared to 5-6 per cent in the earlier full ... |
Českomoravský Cement plans CZK300m sustainability investment into Radotín28 January 2022, Published under Cement NewsCzech cement producer Českomoravský Cement is preparing an investment of CZK300m (US$13.71m) to improve the environmental performance of its Radotín plant. The purchase of a new vertical mill and other environmental measures will enable the works to reduce CO 2 emissions by 12 per cent and electricity consumption by 24 per cent by 2030. The company intends to select the technology for the new mill this year and prepare project documentation for the building permit application in 2023.... |
Bizerte reports 18% increase in sales in 202128 January 2022, Published under Cement NewsTunisia-based Les Ciments de Bizerte reported a 17.8 per cent advance in revenues to TND130.8m (US$45.1m) in 2021 from TND111m in 2020. Domestic sales increased by five per cent to TND110.6m from TND105.4m in 2020 while export sales surged from TND5.7m to TND20.2m over the same period. Cement production edged up 2.7 per cent to 673,079t. |
Dugongo cement prices see further rise28 January 2022, Published under Cement NewsThe price of Dugongo cement in Mozambique has increased yet again, reports Club of Mozambique. As of 24 January 2022, a 50kg bag of 32.5 cement now costs MZN360 (US$5.64). A bag of 42.5 cement now costs MZN340. Since the opening of Dugongo Cimentos in May 2020, the price of its cement has increased three times although the price of cement at many other producers has fallen. In September 2021 Dugongo cement raised the price of 32.5 cement from MZN230 to MZN255 while 42.5 cement increase... |
GCC reports favourable performance in 4Q21 and 202127 January 2022, Published under Cement NewsGCC reported a 10.9 per cent YoY advance in consolidated net sales to US$257.9m in the fourth quarter of 2021. EBITDA remained stable at US$83.1m with an 31.5 per cent EBITDA margin. Total cement volumes in the US grew by 5.1 per cent, but excluding oil well cement, they fell 5.5 per cent when compared with the 4Q20. Consolidated sales were further supported by a rise in US cement and ready-mix prices of 11.8 per cent and three per cent, respectively. In Mexico cement and ready-mix volum... |
PPC to build 30MW solar plant in Zimbabwe27 January 2022, Published under Cement NewsSouth Africa-based PPC will build a 30MW solar power facility at its Colleen Bawn clinker plant in Zimbabwe as part of its decarbonisation strategy. The clinker works will use 15MW for its own power needs and feed the balance into the Zimbabwean electricity grid. The project complements the Zimbabwean government’s drive to increase power generation in the country, important in achieving its Vision 2030 goals. Work on the solar plant is expected to start this year. “At Colleen Bawn in Z... |
Voith Group acquires 100% shares in Elin Motoren GmbH27 January 2022, Published under Cement NewsVoith Group has owned a 70 per cent controlling share in Elin Motoren GmbH since 1 May 2020 and at the end of 2021 acquired the remaining 30 per cent that was held by Franz Hrachowitz, the company's managing director. "For Voith, this is a further step in strengthening our core business and consistently expanding it in the direction of sustainable technologies," says Dr Toralf Haag, CEO of the Voith Group. The full acquisition of Elin Motoren by Voith will have no impact whatsoever... |
Holcim divests Northern Ireland cement business26 January 2022, Published under Cement NewsHolcim has sold its Northern Ireland cement business to Cookstown Cement Ltd for more than GBP55m, reports the BBC. Cookstown Cement Ltd is a new local business that has acquired all of the business of Lafarge from Aggregate Industries (Holcim group). The deal includes a cement plant and limestone quarry in Cookstown, a shale quarry in Dungannon and a facility at Belfast Harbour. The new owners have committed to invest GBP12m in the facilities to upgrade environmental capabilitie... |
Akkermann Cement receives funds to acquire Akhangaracement JSC26 January 2022, Published under Cement NewsGazprombank has allocated funds for the acquisition by Akkermann Cement CA (part of the USM group) for a 98.6 per cent stake in Akhangaracement JSC in Uzbekistan. The transaction was implemented with the attraction of financing from Gazprombank, is not just a creditor but a strategic financial partner of Akkermann Cement LLC. The group of companies under the Akkermann Cement brand is part of the diversified Russian holding USM. In 2021 Akkermann Cement produced about 4Mt of c... |