Cement News tagged under: corporate
Cemex signs five-year agreement with HCL Industries22 December 2021, Published under Cement NewsHCL Industries has signed a five-year agreement with Cemex, which will see it focus on global end-to-end transformation of IT lifecycle management, including IT managed services, digital transformation, infrastructure and application services, alongside end-user support. “Cemex selected HCL Technologies because we have a vision of working smarter to cater to the global company’s fast-growing operations,” said Fausto Sosa, vice-president of Information Technology at Cemex. “HCL is the best... |
Titan Cement announces progress of share buyback22 December 2021, Published under Cement NewsTitan Cement International SA has announced the progress of its share buyback programme. The company and its subsidiary, Titan Cement Co SA, purchased 42,514 shares of Titan Cement International on Euronext Brussels and the Athens Stock Exchange in the period between 13 December until 20 December 2021. The value of the shares amounts to EUR575,484. Following the transactions, Titan Cement International owns 1,447,192 shares which represent 1.85 per cent of the voting rights. |
Argos announces US$23m investment in Honduran strategic projects21 December 2021, Published under Cement NewsArgos will invest US$23m in several projects to improve operations at its Honduran plants. The investment is also expected to support the country’s growth and development. The company will expand its installed capacity at Piedras Azules, Comayagua, to increase its annual cement production by 35 per cent as it forecasts accelerated market demand. Furthermore, Argos will invest in renewable energy by expanding its solar farm in Comayagua, which was opened in 2020, and currently consists of... |
Shree Cement plans new plant in Guntur21 December 2021, Published under Cement NewsIndia’s Shree Cement is planning to set up an INR15bn (US$198.52m) greenfield cement plant in Guntur, Andhra Pradesh. The project will be the company’s first plant in the state and is expected to complete in 24 months. The location was chosen as the growth rate in Andhra Pradesh is reportedly higher than the national average and is expected to improve further. |
SBI acquires minority stake in JSW Cement21 December 2021, Published under Cement NewsThe State Bank of India (SBI) has acquired a minority stake in JSW Cement Ltd at an investment of INR1bn (US$13.23m). The capital is expected to support the company’s capacity expansion plans from 14Mta to 25Mta. "In a short span of three years, we have increased our capacity from 6Mta to 14Mta and are now working towards achieving the 25Mta milestone over the next 24 months. We take great pride in being the recipient of one of SBI's larger investments through the private equity route. I... |
Kalambaina Cement sees successful start-up of Line 3 project20 December 2021, Published under Cement NewsSinoma CBMI has announced the successful start-up of its EPC project for Kalambaina Cement (BUA) in Sokoto, Nigeria. Work on the 3Mta Line 3 began in the 2Q19 and carried on throughout 2020 and 2021. Sinoma has now begun works on Line 4 for the same site. Kalambaina Cement Line 3 |
Cruz Azul legal dispute risks sustained cement production20 December 2021, Published under Cement NewsMexico-based cement producer Cruz Azul is currently facing a legal conflict in its plant in Tula, Hidalgo, that threatens to impact cement production. The plant currently employs 1300 workers and two groups are seeking control of the company. A day after the failed seizure of the facilities that the dissident group intended that resulted in a riot, the cooperative members chaired by Federico Sarabia, warned that due to the series of sabotage and actions taken against them by the group led ... |
World Cement Association unanimously approves Climate Policy20 December 2021, Published under Cement NewsThe World Cement Association (WCA) has today announced the unanimous approval of its proposed Climate Policy and the re-election of CUCC Chairman Cui Xingtai to the Board of Directors at its fifth General Assembly, which took place virtually this month. Climate Policy The WCA's Climate Policy focusses on accelerating the decarbonisation of the cement and concrete industry by encouraging and supporting members to set ambitious targets on reducing CO 2 emissions, and fostering collaborat... |
VostokCement completes repair of kiln17 December 2021, Published under Cement NewsRussia’s VostokCement has completed the repair of the second rotary kiln at its Teploozersk facility. During two months of work, the lining was replaced, the smoke pump was repaired and a new foundation for the sixth support of the furnace was filled in. The heat exchanger has also been replaced, which will improve heat exchange in the furnace and optimise fuel consumption, according to the company. |
Morocco's listed cement producers to end 2021 on positive note16 December 2021, Published under Cement NewsCement producers listed on the Casablanca Stock Exchange are expected to end 2021 with net results up 30.1 per cent YoY, according to Ecofin Agency. The positive performance is driven by active real estate and construction sectors. Holcim Group and Ciments du Maroc posted favourable operating conditions despite the COVID-19 health crisis with combined consolidated sales of MAD8.7bn (US$939m) in the January-September 2021, compared to MAD7.4bn in the 9M20. Their combined domestic cement sale... |