Cement News tagged under: corporate
Figuil plant to be expanded by 0.5Mta18 October 2021, Published under Cement NewsCameroonian Prime Minister, Joseph Dion Nguté, laid the first stone of the new 0.5Mta production line of Cimenteries du Cameroun (Cimencam) in Figuil, in the northern part of the country, last week. Cimencam (Holcim group) has invested around CFAF50bn (US$88.3m) in the project. The new production unit is expected to be ready for commissioning in 24 months, at the end of 2023. It will expand the current cement capacity of 0.15Mta at the 40 year-old plant and provide more than 900 direct... |
Carthage Cement sees 39% hike in 9M revenue15 October 2021, Published under Cement NewsTunisia-based Carthage Cement saw its revenue in the 9M21 jump by 39 per cent YoY to TND239.2m (US$85.4m), according to ilBoursa. The company has attributed the increase to a surge of cement and clinker exports, which advanced from TND2.2m to TND32.9m. Domestic sales reached TND185.6m at the end of September 2021, up 22 per cent when compared with sales of TND151.8m at the end of September 2020. The increase is due to the restarting of building activities after the impact of COVID-19 in ... |
Rain Cements completes grinding expansion project15 October 2021, Published under Cement NewsIndia’s Rain Cements (Rain Industries) has completed a capacity expansion at its cement mill in Boincheruvupalli village, Kurnool District, Andhra Pradesh. The unit’s cement grinding capacity has now been increased from 2.033Mta to 2.795Mta. |
LafargeHolcim Côte d’Ivoire to launch white cement in 2Q2215 October 2021, Published under Cement NewsLafargeHolcim Côte d’Ivoire plans to launch a white cement in the second quarter of 2022, according to Rachid Yousry, the company’s managing director. It will be the first cement producer in the country to produce this type of cement. To date white cement has been imported into Côte d’Ivoire and this expected to continue for at least up to the launch date of the new product. |
Oman Cement reports flat net profit in 9M2114 October 2021, Published under Cement NewsOman Cement has posted a net profit after tax of OMR2.8m (US$7.28m) in the first nine months of the year, which is flat compared to OMR2.8m seen in the year-ago period. Total revenue for January-September 2021 was down 9.3 per cent YoY to OMR35.3m from OMR38.9m in the 9M20. |
UltraTech Cement commissions 1.2Mta of new capacity13 October 2021, Published under Cement NewsIndia’s UltraTech Cement has commissioned 1.2Mta of new cement capacity, which is the first phase of the 19.5Mta capacity expansion project announced in December 2020. Additional cement capacity of 0.6Mta was commissioned at its Patliputra cement works in Bihar, which takes the unit’s capacity to 2.5Mta. The remaining 0.6Mta was put into operation at its Dankuni facility in West Bengal, taking its capacity to 2.2Mta. The company’s total cement manufacturing capacity in India now stands at ... |
Cemex USA upgrades terminals in Florida12 October 2021, Published under Cement NewsCemex USA has invested US$8m to improve two cement terminals in Florida, which has enhanced its supply chain network to meet increased cement demand in the region. The company upgraded its Pensacola terminal to allow cement and cementitious materials to be imported from its global operations. The upgrades, which were brought online in May, mean an additional cement supply will be provided to the region through marine shipments. In July Cemex also completed upgrades at its Palm Bea... |
Cemex announces release of secured notes under the Facilities Agreement12 October 2021, Published under Cement NewsCemex has announced that the collateral that guarantees Cemex's debt under its main bank agreement and its senior secured notes have been released. Under Cemex's Facilities Agreement of July 2017, the release of collateral was automatically triggered after Cemex previously reported two consecutive quarters with a consolidated leverage ratio of 3.75x or less. “We are very pleased with this momentous milestone which is a culmination of the substantial strengthening of our capital structu... |
Exergy International appoints a new CEO12 October 2021, Published under Cement NewsDario Puglisi is Exergy International's new Chief Executive Officer Exergy International, a leading provider of new-generation ORC power plants, a company jointly invested in by Tica Group and Golden Eagle Group, has named Dario Puglisi as Chief Executive Officer. In his role, Dario Puglisi will lead the company and its management on a new path of growth and development in the sustainable energy market to address the challenges of the energy transition and become one of i... |
UNACEM acquires Cementos La Union's operations in Chile11 October 2021, Published under Cement NewsSpain-based Cementos La Unión has closed a deal to sell its operations in Chile to UNACEM, following approval from the National Economic Prosecutor of Chile (FNE) last March. The transaction is valued at US$23m, which includes both the value of the purchase and the existing debt of the subsidiary. The acquisition will see the transfer of a 300,000tpa grinding and packing plant located in San Antonio, Valparaíso region, as well as two concrete plants. |