Cement News tagged under: corporate
Cementa to ration deliveries from December18 November 2021, Published under Cement NewsCementa has announced it is preparing to ration deliveries from December 2021 due to the uncertainty on the future of its Slite facility. The site in Gotland represents three quarters of cement used in the domestic construction industry. The HeidelbergCement subsidiary saw its continued exploitation of its limestone mining operation blocked by the Swedish environmental court. The cement producer sought a three-year temporary extension to its current permit while it prepares to apply for a ... |
Holcim Philippines sees 124% net income increase17 November 2021, Published under Cement NewsHolcim Philippines reported a 124 per cent YoY increase in net income to PHP2.3bn (US$45.66m) in the first nine months of 2021, compared to PHP1.03bn in the year-ago period, on the back of higher cement sales. “Our continuing focus on operational efficiencies and cost management enabled us to drive performance despite market demand and inflationary challenges. We take pride in leading industry innovations with our new building solutions that help partners build better,” said Horis Adrian,... |
Sagar Cements set to increase capacity to 8.25Mta17 November 2021, Published under Cement NewsIndia’s Sagar Cements is reportedly increasing capacity to 8.25Mta by the end of December, according to BusinessLine. The company opened a 1Mta integrated plant in Madhya Pradesh in October, which took capacity from 5.75Mta to 6.75Mta, while the commissioning of another plant in Odisha next month should take it to 8.25Mta. Sagar Cements has invested INR6bn (US$80.72m) and INR3.05bn in the plants in Madhya Pradesh and Odisha, respectively. |
Kohat Cement receives regulatory approvals for Punjab plant17 November 2021, Published under Cement NewsKohat Cement Co (KOHC) has obtained all the requisite regulatory approvals for setting up the greenfield 7800-10,000tpd cement production line in Khushab, Punjab province of Pakistan. According to Kohat Cement’s latest report for 1QFY22, acquisition of land is under progress and it is expected that contracts for the supply of plant will be executed. A Letter of Credit for the import of plant and machinery will be established by the end of the 2QFY22. Financial performance in 1Q... |
Carbon8 appoints chief engineer17 November 2021, Published under Cement NewsCarbon8 System has appointed David Clemmitt as its chief engineer. David will be responsible for leading the engineering direction and execution of Carbon8 Systems’ Advanced Carbonation Technology (ACT) across global markets. As part of his role, Mr Clemmitt will have ownership of growing and developing the engineering function of the company to provide world class capability and innovation in the Carbon Capture and Utilisation (CCU) arena. He joins the board of Carbon8 Systems and... |
Hongshi Shivam Cement looks to double capacity16 November 2021, Published under Cement NewsNepal’s Hongshi Shivam Cement has announced an additional NPR20bn (US$167.34m) investment to increase production capacity, according to the New Business Age. The company currently has 6000tpd of capacity and is looking to produce an additional 6000tpd. The joint venture will see its Chinese investor contribute 70 per cent of the investment while the Nepali partner will supply the remainder. In addition, as of 13 November, the plant has been linked to the Nepal Electricity Authority for a... |
Mangalam Cement sees 17% revenue increase16 November 2021, Published under Cement NewsIndia’s Mangalam Cement has reported a standalone net profit of INR110.7m (US$1.49m) in the 2QFY21-22, falling 48.1 per cent YoY from INR213.3m in the year-ago period. However, net revenue advanced 17.2 per cent YoY to INR3.76bn from INR3.21bn in the 2QFY20-21. |
Cementos Molins signs novation of syndicated sustainable financing16 November 2021, Published under Cement NewsCementos Molins signed a renewal of its sustainable syndicated financing for the group and affiliates in Spain, which was formalised in 2019. The novation continues to be classified as a “sustainability-linked loan” extends the maturity by two years until December 2026. In addition, the agreement now has a limit up to EUR300m, of which EUR75m as a term loan and EUR225m as revolving credit facility. All other terms and conditions remain unchanged. The financing, which was the first sustaina... |
UltraTech Cement Ltd wins global marketing award16 November 2021, Published under Cement NewsUltraTech Cement Ltd has been recognised with a Silver award at the Mobile Marketing Association’s (MMA) Smarties X awards 2021. MMA Smarties X is the first global marketing award recognising Innovation in mobile marketing. UltraTech won the award in the ‘Cross Mobile Integration’ category, which primarily recognises campaigns that integrate a minimum of three mobile applications or mediums (such as apps, mobile web, video, display, search etc). UltraTech’s winning entry, ‘How UltraTec... |
Çimsa joins Oficemen16 November 2021, Published under Cement NewsÇimsa has joined the Spanish cement manufacturers association, Oficemen. The Turkish company has recently started its production activity in Spain, after the acquisition of the white cement factory in Buñol, Valencia, from the Mexican group Cemex. With a production capacity of nearly 0.6Mta, the Buñol plant is among the most technologically advanced in Europe. "With the integration of the Buñol factory into our production and distribution networks, we will increase our white cement p... |