Cement News tagged under: corporate
BUA Cement signs 70MW Wärtsilä power plant agreement21 September 2021, Published under Cement NewsBUA has signed an agreement with Wärtsilä OY of Finland for the construction of a 70MW dual-fuel power plant for the BUA Cement Sokoto Line 4 in Sokoto state, northwest Nigeria. This will be the second plant to be constructed by Wärtsilä for BUA Cement – the first being the BUA Cement Sokoto power plant scheduled to be commissioned alongside the plant in November 2021. Speaking at the signing ceremony, Abdul Samad Rabiu, chairman of BUA Cement Plc, said BUA Cement will continue ... |
Rock Hard Cement closes operations in Trinidad20 September 2021, Published under Cement NewsRock Hard Cement has now closed its business in Trinidad and Tobago and is expected to look for opportunities elsewhere in the Caribbean. In a social media post, the company noted the challenges of operating in the country. “Unfortunately, the combination of a limit on imports of 55,000t combined with an import duty of 50 per cent means that Rock Hard Distribution Inc simply cannot operate in Trinidad.” The company had announced earlier this year that it was closing down on 1 July. |
Askale Cement annnounces new corporate identity and vision20 September 2021, Published under Cement NewsAşkale Cement has changed its nearly 50-year corporate identity with a brand new image and design. The company has also announced its new vision that will guide its future goals. The Turkey-based cement producer has changed its focus from a local to a global player in the last few years. Its new corporate identity is expected to contribute to that while the brand is fulfilling its half-century journey. Fatih Yücelik, CEO of Aşkale Cement, said, "We are determined to do our part... |
Cemex plans Guatemalan expansion17 September 2021, Published under Cement NewsCemex will increase its cement capacity in Guatemala by early 2023 with a new grinding mill at the Arizona facility in the port of San José. The new mill will increase cement capacity from 0.4Mta to 0.9Mta and will cost approximately US$25m. Cemex plans to produce low-carbon cements with the extra capacity. "This investment reinforces Cemex’s commitment to Guatemala’s development and reflects our confidence in the favourable outlook of the economy in the country and the region," said J... |
RHI Magnesita appoints new COO17 September 2021, Published under Cement NewsRHI Magnesita has announced a new member of its global executive management team. Effective from 1 October 2021, Rajah Jayendran, currently head of operations Europe/CIS/Turkey, succeeds Gerd Schubert, who is preparing to retire, as c hief operations officer (C OO). Stefan Borgas, CEO of RHI Magnesita, emphasises: "Rajah Jayendran has proven in- and outside our company that he is an excellent operations manager, holding the reputation of a reliable and accurate partner. His track re... |
Cimencam sets up subsidiary to study additional plants16 September 2021, Published under Cement NewsCameroon’s Cimencam, part of LafargeHolcim Maroc, plans to create a new subsidiary in Figuil in the north of the country, where it currently runs a 0.15Mta cement plant. The new company will have a capital of XAF100m (US$018m). It will carry out all studies and operations relating to the possible creation of additional cement plants in Cameroon. It will also conduct ancillary studies to the establishment of manufactured concrete industries. Moreover, the subsidiary will also produce and tra... |
Belarus cement exports up 54% in 7M2116 September 2021, Published under Cement NewsCement exports from Belarus increased by 53.7 per cent YoY in the January-July 2021 period, according to Belarusian Cement Co. Total cement shipments increased 110 per cent and total sales surpassed BYN14.1m (US$5.7m), reflecting a profit margin of 8.9 per cent. The company’s cement production advanced by 4.6 per cent, while its lime and chalk output were up by 7.9 and 9.5 per cent, respectively. |
Shree Cement announces INR47.5bn investment plan15 September 2021, Published under Cement NewsIndia’s Shree Cement has announced an INR47.5bn (US$645m) investment plan, which includes solar power projects, an integrated cement plant and a grinding works. Around INR5bn will be used to set up solar power plants at its cement works across the country by September 2022, while INR7.5bn has been allocated to a clinker grinding project in Purulia, West Bengal, through its Shree Cement East subsidiary. "The cement demand-supply situation in West Bengal appears quite favourable and thus, ... |
Carthage Cement lowers cement price15 September 2021, Published under Cement NewsTunisia-based Carthage Cement announced it will lower its wholesale prices for cement to TND150 (US$53.81) per 30t truck for two months. The decision will come into effect from 13 September 2021. The company said the step follows the advice of the National Chamber of Cement Producers after meeting with senior officials from the Ministries of Trade and Industry. |
Cherat Cement Co kicks off Line 4 greenfield project15 September 2021, Published under Cement NewsCherat Cement Co Ltd (CHCC), during a financial briefing on 13 September 2021 updated about its planned Line 4 greenfield expansion of 10-11,000tpd at DI Khan, Khyber Pakhtunkhwa province in Pakistan. The completion of the project is expected in three years. The expansion represents an investment of PKR34bn (US$202.1m). The financing structure includes 70 per cent of the total cost will be debt component and the remainder will be equity. The company has obtained PKR5bn for this cap... |