Cement News tagged under: corporate
Holcim buys 51% stake in Costa Rican RMC producer01 September 2021, Published under Cement NewsHolcim Costa Rica has announced its acquisition of a 51 per cent stake in ready-mix concrete producer Concretera Nacional, Costa Rica. The step will make Holcim one of the largest building material and construction companies in the Central American country. Concretera Nacional, established in 2004, has three plants – Pavas, Alajuela and Cinco Esquinas – in the greater San José area. However, the transaction had been delayed due to concerns that it would create an unfair monopoly in the d... |
Tarmac's giant excavator receives an overhaul01 September 2021, Published under Cement NewsTarmac’s Dunbar Cement plant has given its Marubeni Komatsu PC2000’ backhaul excavator a seven-week overhaul. The largest excavator in Scotland, the giant 200t machine handles the rock that has been blasted from Tarmac’s quarry and moves it to dumper trucks that deliver it for crushing. At seven years old, the PC2000 needed a major refit, enabling it to give Tarmac at least another five years of service. Tarmac Dunbar Quarry manager, Mark Grieve, explains: "This was a major proj... |
Näger leaves HeidelbergCement01 September 2021, Published under Cement NewsLorenz Näger will retire as CFO of HeidelbergCement at the end of August after 17 years of service to pursue private interests as well as continuing to bring his professional knowledge to pharmaceutical retailer Phoenix as a member of its board of directors. He will be succeeded by René Aldach, who is currently in charge of Group Reporting, Controlling and Consolidation. |
Cemento Polpaico sees revenues double in 1H2131 August 2021, Published under Cement NewsChile-based Cemento Polpaico reported a surge in consolidated revenues from CLP76,528m in the 1H20 to CLP152,376m in the 1H21. Profit before tax reached CLP9361m, reversing a loss of CLP8424m in the 1H20. Net profit reached CLP6833m in the 1H21, from a loss of CLP5862 in the 1H20. The results include the consolidation of Cementos Bicentenario. The company’s cement business saw its revenues increase to CLP148,644m in the 1H21 from CLP74,634m in the 1H20 while revenues in its sand business w... |
LafargeHolcim Maroc sees 66% rise in 2Q revenue31 August 2021, Published under Cement NewsLafargeHolcim Maroc saw a 66 per cent rise in revenues to MAD2078m (US$232.4m) in the second quarter of 2021 from MAD1252m in the 2Q20. The positive trend has been attributed mainly to the increase in sales across the board. In the first half of 2021 revenues increased by 26 per cent YoY to MAD4000m from MAD3185m in the 1H20. The company’s debt fell by 10 per cent YoY to MAD5952m at 30 June 2021. |
Huaxin Cement Narayani prepares to begin production31 August 2021, Published under Cement NewsHuaxin Cement Narayani is expected to start cement production within two months following the completion of the cement works in the central Dhading district of Nepal, according to Xinhua. The China-Nepal joint venture has a cement capacity of 3000tpd. Construction began in 2019, but the completion of the project was delayed by floods, disputes over land acquisition and the COVID-19 pandemic. |
Cementos Cibao opens new grinding unit31 August 2021, Published under Cement NewsCementos Cibao inaugurated its new 134tph cement grinding plant in the presence of the Dominican Republic’s President Luis Abinader. The project represents a multi-million dollar investment and sees the plant meeting not only higher efficiency but also stricter environmental standards. Equipment for the new plant, including a vertical roller mill, was supplied by Germany-based thyssenkrupp. "With regard to production processes, we draw up plans to move forward to be more friendly with the ... |
West China Cement sees profit rise 40% YoY31 August 2021, Published under Cement NewsWest China Cement has posted a 40.4 per cent YoY rise in attributable profit to CNY1.06bn (US$163.5m) for the first half of 2021, compared to CNY752.3m in the 1H20. Revenue also advanced 40.7 per cent YoY to CNY4.23bn from CNY3bn in the first half of 2020. |
Cherat Cement sees turnover rise 47% YoY31 August 2021, Published under Cement NewsPakistan's Cherat Cement Co has posted a profit of PKR3.21bn (US$19.29m) for the financial year ended 30 June 2021, according to a bourse filing. The company had recorded a loss of INR1.89bn for the FY19-20. Net turnover also advanced 47 per cent YoY to INR25.21bn in the FY20-21, compared to INR17.09bn in the previous year. |
Vulcan Materials Co completes acquisition of US Concrete31 August 2021, Published under Cement NewsVulcan Materials Co has announced that it has completed its acquisition of US Concrete. Tom Hill, chairman and CEO of Vulcan Materials, said, "Today is an important milestone as we welcome US Concrete and its talented team to Vulcan while also taking the next step forward in our growth and value creation strategy. With our complementary footprints and shared commitment to innovation and operational excellence, Vulcan will have enhanced scale within our aggregates business and additiona... |