Cement News tagged under: corporate
Fitch Ratings upgrades Argos from stable to positive19 January 2022, Published under Cement NewsArgos, a Grupo Argos cement company, received an upgrade in its credit rating outlook, going from 'Stable' to 'Positive' according to Fitch Ratings, an international credit rating agency. The positive outlook granted by Fitch Ratings reflects the good performance of Cementos Argos and the expectation that the generation of operating cash flows will continue with a growth trend, a trend that has been benefited by the operational efficiency strategies that the company has launched. Amon... |
Alcoa to extend quicklime supply to Cockburn Cement Ltd19 January 2022, Published under Cement NewsCockburn Cement Ltd (CCL), an Adbri company, is looking forward to continuing to work with Alcoa around the supply of quicklime to its operations in Western Australia. Adbri announced that CCL has reached an agreement with Alcoa for the supply of quicklime until 31 January 2023, when the existing arrangement ends on 31 January 2022. Adbri said, “The extension reinforces CCL’s position as a reliable and high quality supplier of lime through our local manufacturing and distribution... |
UltraTech Cement consolidated net sales reach INR127.1bn in 3QFY2218 January 2022, Published under Cement NewsUltraTech Cement reports that its consolidated net sales was INR127.1bn (US$1.71bn) in the 3QFY22 when compared with INR121.4bn over the corresponding period of the previous year. Profit after tax jumped eight per cent to INR17.08bn from INR15.84bn. There is a one-time gain of INR5350m in tax for earlier years. After gaining pace in October 2021, demand slowed substantially in November, 2021 as a result of the construction ban in the NCR, extended monsoons in the south and a few states... |
w&p Zement virtually accessible18 January 2022, Published under Cement NewsAs part of its digitalisation drive, Austrian cement producer w&p Zement is enabling those interested in cement production can now visit three of the company’s locations using their computer or smartphone. At the heart of this step towards external transparency is innovative 3D photo technology. Visitors can also “enter” areas that are normally out of bounds during regular tours for security reasons. In addition to the tour, integrated information points provide extra information about r... |
Dalmia Cement (Bharat) commences commercial production at Murli18 January 2022, Published under Cement NewsDalmia Cement (Bharat) (DCBL), (Dalmia Bharat group), has commenced commercial production at its Murli cement plant in Chandrapur district, Maharashtra, India. The company acquired the plant for INR4100m (US$55.2m) and further committed to invest INR9290m for the revival, modernisation, expansion and installing green manufacturing equipment such as waste heat recovery systems, solar power, green fuel systems and robotic labs for enhanced quality monitoring. The plant has been turned aroun... |
Steppe Cement sees 16% hike in revenue in 202117 January 2022, Published under Cement NewsKazakh cement producer Steppe Cement saw its revenue increase 16 per cent to KZT36.02bn (US$82.7m) in 2021 as it sold 1,688,544t of cement, up from the 1,645,744t reported in 2020. The company’s domestic market share was 13.9 per cent. Exports fell by 57.2 per cent to 86,500t from 202,000t in 2020. In addition to increased sales volumes, the company was also able to benefit from a 13 per cent increase in average prices (ex-VAT) for delivered cement. In 2021 the average price was KZT21,332/... |
Hima Cement suspends operation after fire kills three17 January 2022, Published under Cement NewsOperations at the Hima Cement factory (Holcim group) in Kasese district in western Uganda have been suspended following a fire that broke out at the premises on Saturday afternoon and left three staff members dead. Eight others were rushed to hospital in critical condition. "Our operations at the Hima plant have been stopped as we take stock of this incident and to ensure that the fire is fully contained. The health and safety of our employees and all stakeholders remains our number one p... |
Dragon Products ends rail shipments from South End spur17 January 2022, Published under Cement NewsDragon Products has stopped shipping cement along the Rockland South End rail line in Maine, USA. A representative of the cement manufacturer in Thomaston said the last planned shipment by barge from the South End marine terminal in Rockland departed on 13 January 2022. The company announced in August 2021 it would stop barge shipments and would stop using the South End Rockland rail spur. The cement plant purchased the 44 Atlantic St property in 1994. The Thomaston cement plant has since... |
Holcim switches two US plants to low-carbon PLC14 January 2022, Published under Cement NewsHolcim in the US has announced that its cement plants in Ste Genevieve, Bloomsdale, Missouri, and Alpena, Michigan, are now producing OneCem® Portland limestone cement (PLC), following the successful transition of the company’s Midlothian plant in Texas in 2021. "As demands on the industry to reduce its carbon footprint intensify, we find ourselves with an unparalleled opportunity to build a more sustainable future," said Patrick Cleary, senior vice president of sales, LafargeHolcim US Cem... |
HeidelbergCement schedules second tranche of share buyback programme for 1Q2214 January 2022, Published under Cement NewsHeidelbergCement will continue its share buyback programme earlier than originally planned. The second tranche in the amount of EUR300-350m is scheduled to start in the 1Q22 and to be completed by the 3Q22 at the latest, says the company in a statement. Upon the successful completion of the first tranche in December 2021, HeidelbergCement’s Managing Board decided on 13 January 2022 to cancel all shares that were acquired within the first tranche. The total amount of 5,324,577 shares are co... |