Cement News tagged under: corporate
Yamama Cement Co makes early loan repayments16 December 2021, Published under Cement NewsYamama Cement Co announced the early repayment of SAR130m (US$34.6m) worth of two loan installments to Saudi Industrial Development Fund (SIDF), according to a bourse filing. The company has an outstanding debt balance of SAR1.178bn, reports Argaam. The repayment of the two installments, which were due in 2022, was financed from the company’s available cash. The early repayment is in line with the company’s strategy aimed at boosting its financial efficiency. |
Carbon Re joins WCA16 December 2021, Published under Cement NewsCarbon Re has joined the World Cement Association (WCA) as an associate corporate member. Carbon Re is the world’s first AI-powered platform developing solutions to cut costs and reduce emissions in the energy-intensive manufacturing sector. Its Delta Zero software enables cement plants to increase efficient fuel use when firing kilns, resulting in lower fuel costs and emissions reductions of up to 20 per cent. Ian Riley, CEO at WCA, comments: “Improving energy efficiency of production a... |
Foundation stone for Shree Cement's Punjab plant16 December 2021, Published under Cement NewsThe Punjab Chief Minister, Charanjit Singh Channi, has laid the foundation stones of Shree Cement’s Punjab plant at Deh Kalan village, and a medical college at Ghabdan village with a total cost of INR1050m (US$13.7m). The chief minister said that the 5Mta project have an estimated cost of INR700m, and includes a captive railway siding. The plant site and rail siding have a total land area of 42ha and will require 32MW of power, he added. |
BUA Cement announce passing of company secretary16 December 2021, Published under Cement NewsThe Board and Management of BUA Group regret to announce the passing of Ahmed Aliyu (1975-2021), company secretary and chief legal adviser of BUA Cement Plc. Ahmed was also the company secretary for BUA Cement Plc. |
Holcim acquires Marshall Concrete Products15 December 2021, Published under Cement NewsHolcim completed the acquisition of Marshall Concrete Products, a longstanding and trusted supplier of concrete products and services in Minneapolis/St Paul and the surrounding metropolitan area, USA. Jan Jenisch, Holcim CEO, said: “This acquisition is another step in our Strategy 2025 to become the global leader in innovative and sustainable building solutions. We welcome the employees of Marshall Concrete Products and look forward to building on their strong customer service focus, which ... |
Fauji Cement Co appoints new CEO15 December 2021, Published under Cement NewsThe board of directors at Pakistan’s Fauji Cement Co Ltd has approved the appointment of Qamar Haris Manzoor as chief executive officer. The appointment became effective from 13 December 2021 and is expected to last until 12 December 2024. |
SOCOCIM launches Climate Plan14 December 2021, Published under Cement NewsSenegal’s SOCOCIM has launched its “Climate Plan” to reduce its carbon footprint by opening a new production line at its Rufisque plant with a capacity of 10,000tpd. FIVES has been awarded the contract for the engineering and equipment. When completed the company’s low-carbon cement capacity will increase from 3.5Mta to 7Mta. SOCOCIM’s Climate Plan aims to reduce the company’s carbon footprint and enable the cement producer to gradually phase out the use of fossil fuels in cement production... |
Yanbu Cement completes modernisation project14 December 2021, Published under Cement NewsYanbu Cement Co has announced the completion of its Kiln Line 4 modernisation project following the recent shutdown. The reason for exceeding the previously announced end date is due to the delay in receiving some spare parts and the improvement of operations of the Line 4. |
Taiwan's cement producers announce November results10 December 2021, Published under Cement NewsTaiwan Cement has posted a 1.5 per cent YoY decline in November revenue to TWD9.75bn (US$351.94m) against TWD9.9bn in the year-ago period. In the first 11 months of 2021, revenue stayed largely consistent at TWD96.22bn from TWD95.81bn. Asia Cement saw revenue up 13.4 per cent to TWD8.99bn from TWD7.92bn in November 2020, while revenue in the 11M21 climbed 14.8 per cent YoY to TWD80.25bn. Elsewhere, Chia Hsin Cement reported a 5.3 per cent YoY increase in revenue to TWD197.77m in November ... |
CIMERWA posts a 7% revenue increase10 December 2021, Published under Cement NewsRwanda's CIMERWA has registered an after-tax profit of RWF4.1bn (US$3.95m) for the year ended September 2021, up 115.8 per cent compared to RWF1.9bn in the previous year. Revenue also advanced seven per cent YoY to RWF67.3bn. “We have achieved strong financial results in the year ending 30 September 2021 despite the effects of various COVID-19 lockdowns during the period. This excellent performance was driven by growth in revenue as the business executed its route-to-market strategy so as ... |