Cement News tagged under: corporate
Martin Marietta completes Lehigh West Region acquisition04 October 2021, Published under Cement NewsUS-based Martin Marietta Materials Inc has successfully completed the acquisition of Lehigh Hanson’s West Region business for US$2.3bn. The acquisition provides the company with 17 active aggregates facilities, two cement plants and related distribution terminals, alongside targeted downstream operations serving key California and Arizona regions, including the Bay Area, Los Angeles, San Diego and Phoenix, according to a press release. "We are pleased to complete the Lehigh West Region ac... |
Saint-Gobain completes Chryso acquisition04 October 2021, Published under Cement NewsSaint-Gobain has confirmed that it has closed the acquisition of Chryso. The acquisition will see Saint-Gobain enter the concrete formulation market and chemical additives for the reduction of CO 2 emissions in the cement and construction sectors. Chryso has achieved revenues of EUR400m and EBITDA of around EUR85m. Benoit Bazin, CEO of Saint-Gobain, commented: "The acquisition of Chryso is fully in line with our strategic vision of Saint-Gobain as a world leader in sustainable construct... |
Oficemen appoints new president04 October 2021, Published under Cement NewsJosé Manuel Cascajero Rodríguez, president of Cemex España Operations, has been elected president of Oficemen. He succeeds Victor García Brosa. He will lead the Spanish cement sector’s initiatives to address the challenges highlighted by the COVID-19 pandemic. “The Spanish cement industry has once again demonstrated, since the beginning of the pandemic, its essential character for the maintenance and recovery of our economy. Today, more than ever, the Spanish cement sector plays a key role... |
Birla Corp plans to reach 30Mta of capacity by 202701 October 2021, Published under Cement NewsIndia’s Birla Corp is setting a new target of reaching 30Mta of production capacity by 2027. Its current capacity is 15.6Mta but this is expected to rise to almost 20Mta by the end of the fiscal year, when its 3.9Mta Mukutban plant is commissioned. Birla had previously set a target of reaching 25Mta by 2025. The details of the new expansion plan will be announced when it has been approved by the board, according to Harsh V Lodha, chairman of Birla Group. |
Fives Pillard appoints new executive director01 October 2021, Published under Cement NewsFabien Illy has joined Fives Pillard as its new executive director. Fabien has considerable and international expertise in the combustion industry where he has spent the majority of his career. His main role will be to drive the company's business strategy, international development and boost its growth. After first starting his career at Air Liquide and working in its R&D department for combustion and cryogenics, Fabien joined the Group Fives 18 years ago where he held variou... |
Penta Engineering appoints senior structural engineer01 October 2021, Published under Cement NewsPenta Engineering Corp appoints Dian Delchev PE as Senior Structural Engineer rejoining the structural department. His experience includes structural design of large process ductwork, bulk material steel bins, and response spectrum and time-history analysis of structures and foundations supporting vibrating equipment. He holds a MSc in Civil Engineering and a BSc in Structural Engineering, Civil Engineering. |
JK Cement commissions capacity upgrade at Nimbahera works30 September 2021, Published under Cement NewsIndia's JK Cement has completed a capacity upgrade project at its Nimbahera works in Chittorgarh, Rajasthan. The clinker capacity of Line 3 has been increased to 6500tpd from 5000tpd, with the works completed and commissioned yesterday. |
PPC not to raise capital and focus on growth29 September 2021, Published under Cement NewsSouth Africa-based PPC has successfully refinanced its debt and is close to finalising its restructuring. Therefore, the company will not require a capital raise, said its CEO, Roland van Wijnen. The new debt facilities of ZAR2.1bn have an extended maturity profile with the long-term facility of ZAR1.5bn being repayable over 3-5 years. The margins were reduced across all facilities to reflect PPC’s improved credit risk profile. “The organisation is now in calmer seas after a hectic 18 mo... |
HeidelbergCement acquires minority stake in Command Alkon29 September 2021, Published under Cement NewsHeidelbergCement has signed an agreement to acquire 45 per cent of Command Alkon, a leading supplier of comprehensive supply chain technology solutions for heavy building materials. Thoma Bravo, a software investment firm, will retain the majority ownership. As a group, Thoma Bravo, HeidelbergCement and Command Alkon expect to continue to accelerate Command Alkon’s strategy to deliver best-in-class, cloud-based solutions to better serve its customers, according to a press release. Heidelb... |
Ghana cement factory needs US$4m to be resurrected29 September 2021, Published under Cement NewsThe pozzolana cement factory established by the Building and Road Research Institute of the Council for Scientific and Industrial Research (CSIR-BRRI), and abandoned earlier this year because of a lack of investment, requires US$4m to be resurrected, said CSIR-BRRI Director, Dr Daniel Asenso-Gyembibi. Situated in Gomoa Mprumem in the central region, the CSIR-BRRI plant requires revamping for commercial cement production but has failed to attract investment despite the CSR-BRRI having al... |