Cement News tagged under: corporate
Udaipur Cement Works starts clinker expansion project15 September 2021, Published under Cement NewsUdaipur Cement Works Ltd (UCWL) has started project activity for a brownfield expansion at its 1.6Mta site in Rajasthan. Due to the increasing domestic demand of cement and in view of government’s push towards infrastructure development, the company decided to double its clinker capacity. UCWL received the environmental clearance for the project from India's Ministry of Environment Forest and Climate Change (MoEFCC) in January 2021 and since then has placed order for machinery and... |
Lafarge Cement Zimbabwe's CEO steps down15 September 2021, Published under Cement NewsLafarge Cement Zimbabwe Ltd has announced the resignation of its CEO, Precious Murena, with effect from 9 September. Precious Murena joined the company in 2011 and became CEO in 2020. Amr Elmowafy Aly Mowafy, currently Chief Financial Officer, will assume the role of Acting Chief Executive Officer in the interim until the appointment of the substantive CEO. |
Oman Cement plans brownfield project14 September 2021, Published under Cement NewsOman Cement is reportedly planning to proceed with a brownfield expansion of its cement works, which would see it increase clinker capacity to 15,000tpd from 8700tpd. The company is expected to construct a new 10,000tpd line and upgrade its Line 3 from 4000tpd to 5000tpd, while decommissioning its two older lines. It has contracted PEG Resources (Switzerland) to carry out the technical study, alongside the tendering and contracting process. |
Ecocem appointment Pat Cox as chair14 September 2021, Published under Cement NewsEcocem has announced the appointment of Pat Cox, former president and member of the European parliament (MEP) and former member of the Irish parliament, as chair of Ecocem Group. Pat is chair of the Finance Green Ireland Committee and is presiding over the inaugural Dublin Climate Dialogues this year. He is also Chair of the Gore Street Energy Storage Fund – the first-ever listed fund for grid scale battery storage by the London Stock Exchange. Pat's roles as a board member of Superno... |
The WCA welcomes Baker Hughes as associate corporate member14 September 2021, Published under Cement NewsThe World Cement Association (WCA) has announced that global energy technology company, Baker Hughes, has become the latest addition to its international community, joining as an associate corporate member. Baker Hughes operates in over 120 countries, designing, manufacturing and deploying innovative technologies and services that help make energy safer, cleaner and more efficient. Specialist capabilities include areas such as emissions management, hydrogen, carbon capture utilisation and... |
Holcim divests Brazilian business10 September 2021, Published under Cement NewsHolcim has signed an agreement with Companhia Siderúrgica Nacional (CSN) for the divestment of its business in Brazil for an enterprise value of US$1.025bn. The deal includes Holcim’s five integrated cement plants, four grinding works, six aggregates sites and 19 RMC facilities, according to a press release. "This divestment is another step in our transformation to become the global leader in innovative and sustainable building solutions giving us the flexibility to continue investing in a... |
Universal Cement sees 18% rise in revenue10 September 2021, Published under Cement NewsTaiwan’s Universal Cement has seen a 17.5 per cent YoY rise in August revenue to TWD431.2m (US$15.61m), compared to TWD366.99m in the year-ago period. In the first eight months of the year, revenue advanced 11.5 per cent to TWD3.83bn from TWD3.44bn. |
Thatta Cement Co increases Sindh’s capacity10 September 2021, Published under Cement NewsThatta Cement Co Ltd has completed its increases in clinker and cement capacities at its plant in Makli, Thatta district, Sindh province, Pakistan. The company shared this update with the Pakistan Stock Exchange Ltd about important material information earlier this week. The company has completed in-house modifications and improvements in the processes of the existing plant. Its technical team has completed the trials and testing process. Due to earlier changes and improvements, the ... |
Mayur Resources’ project awarded special economic zone status09 September 2021, Published under Cement NewsMayur Resources' Central Cement and Lime project area has been granted Special Economic Status by the Papua New Guinea government. Managing Director, Paul Mulder, said “I greatly appreciate the leadership of the PNG Prime Minister & Minister for Bougainville Affairs & Defence, Honourable James Marape, in the establishment of this Special Economic Zone (SEZ) as it sets the right conditions for large-scale investment to thrive and catalyse down-stream processing in the SEZ that will pa... |
Lucky Cement Co sees revenue down 12% YoY in 8M2108 September 2021, Published under Cement NewsTaiwan’s Lucky Cement Co has reported a 31.9 per cent YoY decline in August revenue to TWD249.98m (US$9.01m) from TWD366.85m in the year-ago period. In the first eight months of the year, revenue has also decreased 11.5 per cent YoY to TWD2.64bn from TWD2.98bn. |