Cement News tagged under: corporate
Cemex launches its Sustainability-Linked Financing Framework08 September 2021, Published under Cement NewsCemex has launched its most comprehensive 'Sustainability-Linked Financing Framework' to date. The framework further aligns Cemex's sustainability commitments to its financing strategy, as part of its Future in Action programme. Cemex's guiding principles for new sustainability-linked financing instruments, including public bonds, private placements, loans, derivatives, working capital solutions and other financing instruments are set out in the framework. "Climate change is one of the... |
Devki Group to switch to self-power generation by 202308 September 2021, Published under Cement NewsDevki Group is planning to generate its own power by 2023 as the high cost of power is seen by the company as the biggest threat to Kenya’s manufacturing sector. Narendra Raval, Devki Group founder, said the decision to self-generate the company’s own power became clearer after Kenya Power demanded KES2.8bn (US$24.4m) to connect electricity to the Emali clinker factory. The company will start with a 64MW power plant in the Pokot region as it commences construction on on the Pokot cemen... |
Nuvoco Vistas sees improvement in first quarter07 September 2021, Published under Cement NewsIndia’s Nuvoco Vistas Corp has recorded a consolidated net profit of INR1.14bn (US$15.58m) in the first quarter of the fiscal ending 30 June 2021, compared to an INR913.8m net loss in the year-ago period. Consolidated revenue from operations also surged to INR22.03bn from INR8.42bn in the 1QFY20-21. "In spite of the countrywide lockdown, the company achieved exceptional volume growth in the quarter ended 30 June 2021. With a thrust on innovation and premium products, leveraging synergy be... |
Gujarat Sidhee Cement to shut clinker line for maintenance07 September 2021, Published under Cement NewsIndia’s Gujarat Sidhee Cement is planning to shut down the clinker line at its Sidheegram plant for annual maintenance, which is expected to take a period of 17-20 days to complete. However, cement grinding and dispatches are still planned to continue. |
CBB sees 67% rise in profit07 September 2021, Published under Cement NewsChilean cement producer CBB (formerly known as Cementos Bío-Bío) reported a 13.9 per cent advance in revenues to CLP134.538bn in the first six months of 2021 from CLP118.124bn in the 6M20. The company’s profit attributable to shareholders increased by 66.7 per cent YoY to CLP7.205bn in the 6M21 from CLP4.323bn in the 6M20. In its cement business the company nearly quadrupled its operating profits, mainly from a low base as COVID-19 impacted cement dispatches in 2020. In its concrete bus... |
Bamburi Cement lands government infrastructure deals06 September 2021, Published under Cement NewsBamburi Cement has secured lucrative government contracts for the supply of cement for key infrastructure projects in the region as part of efforts to staying afloat in a competitive cement market that has seen its net profit drop by 80 per cent in five years. The East African reports that Bamburi (Holcim group) has won tenders to supply cement key government infrastructure projects in Kenya, including Thwake dam, Nairobi Expressway, Dongu Kundu bypass, Lamu port, Lamu Port-South Sudan... |
Cementos Molins to acquire aggregate and concrete business03 September 2021, Published under Cement NewsSpain’s Cementos Molins has reached an agreement to acquire Hanson Hispania’s aggregate and concrete business in Catalonia. The move will see it bolster its operations with two concrete plants, based in the Barcelona free zone and Montcada i Reixac, as well as a quarry in Begues and another in Llinars. "This operation will allow Cementos Molins to reinforce its presence in Spain and consolidate its leadership in sustainable concrete solutions in Catalonia," said Julio Rodríguez, CEO of Ceme... |
JK Cement plans 23Mta expansion by end of 202303 September 2021, Published under Cement NewsJK Cement intends increase production capacity to about 23Mta in the next two years, from 15Mta now, by expanding its footprints in northern and central India. "We will maintain and grow our market share in the short term. Apart from the ongoing expansion in Panna, and now in Hamirpur, we already have plans for another 4Mt expansion," said Madhav Krishna Singhania, JK Cement’s CEO. "We have visibility of reaching around 23Mta by 2023." The company will be expanding its footprint in ... |
Mannok doubles cement bagging capacity02 September 2021, Published under Cement NewsMannok, based in Derrylin, Co Fermanagh, Northern Ireland, has invested EUR2.1m in its cement bagging facilities to double the company’s production capacity. Germany-based Haver & Boecker were awarded the contract to design and manufacture a new 10-spout Roto-Packer Adams bag filling system and a new automatic film reel changer. The new equipment has the capacity to pack 1200 bags per hour. As a result, Mannok will have the capacity to pack around 50tph in weatherproof bags, in addition to... |
Malaysia’s CMS posts 284% rise in 2Q net profit01 September 2021, Published under Cement NewsMalaysia-based Cahya Mata Sarawak Berhad (CMS) reported a 32.3 per cent rise in 2Q revenues from MYR139.878m in the 2Q20 to MYR185.001m in the 2Q21. Profit before tax tripled from MYR18.479m to MYR57.471m over the same period. Profit attributable to equity holders of the parent company was up 283.7 per cent to MYR47.39m from MYR16.707m. In the first half of 2021 the company saw revenue edge up 17.5 per cent from MYR329.322m to MYR387.058m while profit before tax advanced from MYR36.573m to ... |