Cement News tagged under: corporate
Loesche acquires Dynamis24 November 2021, Published under Cement NewsLoesche has welcomed to its fold Brazil-based Dynamis, a company specialised in combustion and industrial processes since its foundation in 2003. “The Dynamis name is synonymous with the development of state-of-the-art equipment such as the revolutionary D-Gasifier, the D-Flame Burner, the robust D-Igniter and the efficient D-HotGas, which allows companies to work with a variety of fuels including biomass, petcoke, natural gas, and heavy fuel oil,” said Loesche in a statement. Dynamis fo... |
CRH sees 11% YoY increase in sales23 November 2021, Published under Cement NewsCRH’s cumulative nine-month sales to the end of September reached US$22.8bn, an increase of 11 per cent YoY and ahead seven per cent on a like-for-like basis. EBITDA was up 15 per cent YoY to US$3.9bn while EBITDA margin was up 50bps to 17.1 per cent. Third quarter sales remained ahead of the prior year across all divisions, with good demand in key markets. Americas Materials was primarily driven by improved pricing as volume growth was impacted by inclement weather, while Europe Material... |
PPC sees 20% YoY rise in revenue23 November 2021, Published under Cement NewsSouth Africa’s PPC Ltd has announced a 20 per cent YoY increase in revenue to ZAR5.13bn (US$324.5m) in the first half of the year, ended 30 September, compared with ZAR4.27bn in the year-ago period. The results were supported by a 12 per cent YoY rise in cement volumes. Group EBITDA advanced 13 per cent to ZAR945m from ZAR839m. Roland van Wijnen, CEO, said: "Team PPC delivered a solid performance, showing results from our efforts to reposition the business and ensure financial sustainabilit... |
INC restarts clinker production22 November 2021, Published under Cement NewsFollowing three days of stoppage to change one of the raw mill motors, Paraguay’s Industria Nacional de Cemento (INC) has resumed clinker production, said Ernesto Benítez, president of INC. "Regarding the production of clinker and cement we are recovering the levels. Last night we started operating again, after several days we had to suspend. The quality is good as well as the amount. We are achieving the market numbers well," he said. He expects to produce 40,000-50,000 bags/day. "We are a... |
Udayapur Cement plans modernisation project19 November 2021, Published under Cement NewsNepal’s state-owned Udayapur Cement Industry is set to undergo a NPR500m (US$4.19m) modernisation plan, which will see it replace old equipment to keep up pace with the market’s newer entrants. The plan will upgrade capacity to 1100tpd of cement from the current 800tpd. "The work of installing modern machines has started," said Gopi Krishna Neupane, general manager of Udayapur Cement. "We are still operating age-old machines. As a result, the cement production plant is not able to produce... |
FCCL to become the third-largest player in the country19 November 2021, Published under Cement NewsFauji Cement Company Ltd (FCCL) informed the Pakistan Stock Exchange (PSX) on 18 November that its Board of Directors has approved the process of amalgamation of Askari Cement Ltd into Fauji Cement Co Ltd and its placement before the shareholders in the Extraordinary General Meeting of the company as Special Business for their approval as per requirements of the Companies Act of 2017. While commenting on the amalgamation, AHL Research stated that, pertinently, Askari has a cement capacit... |
Argos implements simulation model for bulk cement supply19 November 2021, Published under Cement NewsAt the eighth annual Simulation Conference organised by the Anylogic software company, Argos (Argos Group) shared its model for the optimised supply of bulk cement that it has been developing for its terminals in the Caribbean region. This simulation is a key tool to avoid delays in the rotation of resources and to optimise the capacity of the ships and other methods of operation that allow the efficient delivery of cement inventory in some markets where the company operates. "... |
Holcim announces its Strategy 202518 November 2021, Published under Cement NewsHolcim has announced its “Strategy 2025 – Accelerating Green Growth” to become the global leader in innovative and sustainable building solutions, following the group’s achievement of Strategy 2022 one year in advance. With “Accelerating Green Growth,” it is seeking to achieve profitable growth across all its businesses. As part of this it is expected to accelerate the expansion of its Solutions & Products business to reach 30 per cent of group sales, with this achieved through strategic i... |
Qiziliqumsement prepares to launch Kiln Line 418 November 2021, Published under Cement NewsUzbek cement producer Qiziliqumsement has invested US$112m to add a fourth production line. This is the company’s the first significant investment in the plant since 1989 and it is due to come on-stream in December. Qiziliqumsement's new line, located just outside Navoi, will add 2.2Mta of cement to its output, bringing the total output to 5.8Mta, a bit less than a third of Uzbekistan’s entire cement production. “The contractors are Russian, Turkish and Chinese, although most of the... |
Twiga Cement commissions rehabilitated cement mill18 November 2021, Published under Cement NewsAs part of the strategic development plan at Twiga Cement factory (HeidelbergCement group) has rehabilitated the cement Mill No 2 (CM2) at the plant. The project represents an investment if US$3.2m and it was officially inaugurated on 16 November 2021 by the Prime Minister of Tanzania, H E Kassim Majaliwa. The new cement mill plus additional investments of 2021 have increased Twiga Cement’s production capacity by 0.25Mta. |