Cement News tagged under: corporate
LafargeHolcim Bangladesh Ltd releases new cement bag26 July 2021, Published under Cement NewsLafargeHolcim Bangladesh Ltd (Holcim group) has unveiled new look of its premium cement brand 'Holcim Strong Structure' which is now available in all the markets. Rajesh Surana, CEO of LafargeHolcim Bangladesh Ltd, unveiled the new bag design through a virtual programme. Holcim Strong Structure is the most popular cement in the premium-quality segment, recommended to individual house builders for use due to its premium quality. Rajesh Surana said "LafargeHolcim Bangladesh always e... |
Premium Mills' manager is imprisoned for keeping factory open26 July 2021, Published under Cement NewsPremium Cement Mills' plant manager in Charmukterpur, Munshiganj, Bangladesh, has been jailed for six months after violating COVID-19 restrictions by keeping the factory operating despite ongoing restrictions. The cement factory has been fined BDT1m (US$11,788) and has been closed for 13 days. A mobile court visited the plant on 23 July after on factory worker had died. The factory authorities in a notice had ordered the workers to join work on July 23 after Eid-ul-Azha holidays and thre... |
Dangote's Edo plant is ready to start production23 July 2021, Published under Cement NewsDangote Cement's US$1bn plant in Edo, Nigeria, is completed and set for commissioning. The plant has a cement production capacity of 6Mta and is built on a 100ha plot. The integrated cement plant, near Okpella, was built by Sinoma International Engineering Co and 1500 local workers collaborated with the Chinese engineers on the project. The factory would employ at least 6000 persons when it commenced operations. Mr Patrick Omokagbo, director of Stakeholder Management at Dangote ... |
UltraTech Cement announce net sales of INR116.9bn23 July 2021, Published under Cement NewsUltraTech Cement Co reported that its consolidated net sales in 1QFY22 reached INR116.9bn (US$1.57bn) compared to INR76bn over the corresponding period of the previous year. Profit before interest, depreciation and tax was INR35,120m compared to INR23,570m. Profit before tax was INR25,270m and profit after tax was INR17,030m compared to INR11,530m and INR7940m, respectively. Production costs during the quarter increased 11 per cent YoY, mainly on account of higher fuel prices. Th... |
PPC Zimbabwe expects to repay legacy debt in FY2223 July 2021, Published under Cement NewsPPC Zimbabwe has acknowledged the receipt of US$11.2m under a legacy debts repayment facility. The company had accrued a US$21m debt due to cash flows generated in the country by foreign entities that could not be repatriated to foreign suppliers due to foreign exchange shortages. However, the cement producer’s debt repayments were boosted by a 2019 move from Reserve Bank of Zimbabwe to assume legacy foreign debts. The company has also announced that it expects to conclude repayments o... |
Titan's AI optimiser is rolled out across its portfolio23 July 2021, Published under Cement NewsTitan is creating the smart cement plant of the future with a multitude of cutting-edge solutions leveraging the power of artificial intelligence (AI), in the context of the group’s digital transformation journey, including the roll-out of its fully-autonomous, real-time optimisers for the entire cement production line. Initially launched at Pennsuco cement plant in the USA starting in late 2017 with a revolutionary prototype, one of the first AI systems to be used in cement production, t... |
Breedon appoint independent non-executive director23 July 2021, Published under Cement NewsBreedon, a leading construction materials group in Great Britain and Ireland, announces that Moni Mannings, non-executive director and chair of the group’s Remuneration Committee, has given notice of her intention to step down from the Board of Breedon on 31 July 2021 with the expectation of joining the Board of Cazoo as a non-executive director. Breedon is pleased to announce the appointment of Pauline Lafferty as an independent non-executive director from 1 August 2021. Pauline will... |
Breedon Group Plc records 1H21 revenues of GBP600m22 July 2021, Published under Cement NewsBreedon Group Plc has announced unaudited interim results for the six months ended 30 June 2021 with revenues reaching GBP600.9m compared with GBP335.3m in the 1H2020. Profits before tax amounted to GBP56.4m and underlying EBIT totalled GBP46.2m. Net debt at the end of the period stood at GBP291.5m. Rob Wood, CEO of Breedon, said: "Breedon delivered a strong trading result in the 1H21, building on the recovery in demand which started in the second half of last year. "The outlook fo... |
JK White Cement installs plant in Kenya22 July 2021, Published under Cement NewsJK White Cement has installed a cement plant in Athi River, Kenya, to manufacture white cement, wall putty, plasters and tile adhesives. The company had been importing the product from the UAE in partnership with Plascon, but the local plant should offer it a competitive edge in the market. The unit launched operations in May and is reportedly part of plans to expand into regional African markets through Kenya and South Africa. While its plans to move into South Africa were delayed due t... |
Nuvoco Vistas receives approval for its IPO22 July 2021, Published under Cement NewsNuvoco Vistas Corp Ltd has received approval of capital markets regulator Sebi to launch its INR15bn (US$679.35m) initial public offering (IPO). The Indian cement producer has a current cement capacity of 22.32Mta and operates 11 plants with units in Chhattisgarh, Jharkhand, West Bengal, Rajasthan and Haryana. Nuvoco Vistas, formerly Lafarge India Ltd, acquired Emami Cement in February 2020. |