Cement News tagged under: corporate
Huaxin Cement to begin plant operations within three weeks10 December 2021, Published under Cement NewsHuaxin Cement is now expected to start production at its new 3000tpd plant in Nepal within the next three weeks, with the necessary preparations being made. "We are in the process of finalising the test production. Necessary equipment has been connected, and only some basic works remain. They will be completed in a few days,” said Dilliraj Pokharel, deputy general manager of Huaxin Cement Industry. Electricity has reportedly been made available to the facility since Monday. |
Saint-Gobain and Cementos Argos create joint venture10 December 2021, Published under Cement NewsSaint-Gobain and Cementos Argos have entered a joint venture agreement to develop mortar solutions. The partnership will combine Saint-Gobain’s mortar technology with Argos’ strong leadership and local presence. The aim is to offer a wide range of solutions across Colombia to accelerate the evolution of the construction market towards a more professional and sustainable future, creating employment and long-term value for all stakeholders. This project will strengthen the leadership... |
Cementos Argos to list US business on NYSE09 December 2021, Published under Cement NewsCementos Argos plans to list its US business on the New York Stock Exchange after several months of analysis. The company will be listed through an initial public offering registered under the rules of the US Securities Exchange Commission (SEC) and will implemented once the structuring process has been completed, in compliance with applicable US regulations. The cement producer will aim to improve the share price for partners and optimise the capital structure. As a result, Cementos Arg... |
Hsing Ta Cement sees 9% revenue increase09 December 2021, Published under Cement NewsTaiwan’s Hsing Ta Cement has posted an 8.7 per cent YoY rise in revenue to TWD781.72m (US$28.2m) in November, increasing from TWD719.1m in the year-ago period. In the first 11 months of the year, revenue was down 1.8 per cent YoY to TWD6.6bn from TWD6.72bn. |
Loma Negra inaugurates second line08 December 2021, Published under Cement NewsLoma Negra (InterCement group) has inaugurated its new production line at the L'Amalí plant in Olavarría, Argentina. Together with national, provincial and municipal authorities, and the cement manufacturer’s customers and suppliers, the second production line of L'Amalí, the largest cement plant in South America, was inaugurated on 6 December 2021. Its incorporation allows the company to increase cement production capacity by 40 per cent and create more than 160 new direct jobs. |
Dalmia's Bokaro expansion project gets underway07 December 2021, Published under Cement NewsA foundation stone for Dalmia Bharat Cement’s Bokaro expansion project in Jharkhand, India, has been laid by Hemant Soren, chief minister of the state. The project represents an investment of INR5.67bn (US$75.15m) and is expected to be completed within a year. Through debottlenecking works and the addition of the 2Mta grinding line, capacity at the plant is expected to increase from 3.7Mta to 6.2Mta. The state government provided 16 acres of land to the company for the expansion works. |
Boral sells US fly ash business for US$755m06 December 2021, Published under Cement NewsBoral has called time in the US after more than 40 years with the sale of its fly ash business to Eco Material Technologies for US$755m, as it focuses on its construction materials business back in Australia. Chief executive Zlatko Todorcevski says the group’s ongoing divestment programme has now “unlocked substantial value”. “Together with the sale of the North American Building Products business and our stake in Meridian Brick … we will have divested the North American busines... |
Holcim collaborates with authorities over Lafarge SA case03 December 2021, Published under Cement NewsHolcim is continuing to collaborate with the French judicial authorities, which interviewed a representative of Lafarge SA on 29 November 2021, for the second time since 2018, according to a press release. The development follows France’s highest court, the Cour de cassation, ruling that Lafarge’s previous indictment for complicity in crimes against humanity was wrongly cancelled by the Paris Appeals Court. In 2019, Lafarge had successfully appealed this charge, but as a result of the de... |
Medcem receives export award03 December 2021, Published under Cement NewsTurkey-based Medcem has been awarded as both the company with the highest grey cement exports and the company with the highest increase in grey cement exports. The award was delivered at a gala night for Turkish Cement Exporters. Alongside this, Medcem is currently embarking on a US$230m project to expand its Mersin factory, raising clinker production capacity from 3.5Mta to 6.5Mta. |
FCT forms alliance in China and opens new office03 December 2021, Published under Cement NewsFCT Combustion has created a formal alliance with Enelco Environmental Technology Co (EETC), a leading supplier of air pollution control equipment systems for the utilities, pulp and paper, steel and related industries. The companies are joining forces to support the Chinese steel, cement, glass and other industries with innovative combustion equipment solutions to ensure production safety, conserve energy and control emissions. The joint office is based in Nanjing, with an a... |