Cement News tagged under: corporate
New Guyana cement plant breaks ground25 June 2021, Published under Cement NewsGuyanese-owned energy company, Vas Energy Inc and its subsidiary, Georgetown Cement Co broke ground on a US$100m state-of-the-art cement plant at La Resource, Essequibo Coast, in Region Two. Chief Executive Officer (CEO) of Go-Invest, Dr Peter Ramsaroop, said Guyana's economy is currently booming and there are countless investment opportunities that are available. According to Dr Ramsaroop, the anticipated infrastructural boom in Guyana will create a high demand for cement. He told the ga... |
Cherat Cement Co receives approval for greenfield plant25 June 2021, Published under Cement NewsCherat Cement Co Ltd (CHCC) has informed the Pakistan Stock Exchange Ltd (PSX) that the Board of Directors of the company, in its meeting held on 24 June 2021, has approved a greenfield cement plant installation at DI Khan, Khyber Pakhtunkhwa Province in Pakistan. According to Azam Faruque, CHCC Chief Executive, the plant will have an installed production capacity of 11,000tpd of clinker. The project's total cost is estimated to be approximately PKR34bn (US$215.4mn), with completion of... |
Argos reaches 25 years of operation in the Dominican Republic25 June 2021, Published under Cement NewsArgos is celebrating 25 years of operation in the Dominican Republic. "Throughout this time, the company has had the chance to contribute to positively transforming the lives of millions of people by being an ally of its clients in the construction of housing, infrastructure and commerce works, creating quality employment, hiring local labour and executing projects for the benefit of the communities and taking part in multiple alliances with different institutions", the company said in a ... |
thyssenkrupp Industrial Solutions India appoints a new CEO25 June 2021, Published under Cement NewsRajesh Kamath will head thyssenkrupp Industrial Solutions India, the plant engineering group company of thyssenkrupp Industrial Solutions AG (BU Uhde) in India. Kamath takes over the reins from the CEO & Managing Director PD Samudra, who superannuates at the end of June 2021, after heading the company from 2014 as the first Indian, since its incorporation as an Indian company in 1977. The official handover was formalised in an online meeting of the company’s key account Cust... |
Holcim México inaugurates new Umán grinding unit24 June 2021, Published under Cement NewsLafargeHolcim subsidiary Holcim México saw the commissioning of its new 0.65Mta grinding plant in Umán, Yucatán. The Umán plant will be supplied with clinker from production facilities in Macuspana, Tabasco, and Orizaba, Veracruz. The plant represents an investment of more than US$40m and will be able to supply key infrastructure projects such as the Mayan Train and the Dos Bocas Refinery as well as supply cement in the construction of bridges, roads and housing. “It is one of the most m... |
NCL Industries announces expansion plans24 June 2021, Published under Cement NewsIndia’s NCL Industries has announced an INR3bn (US$40.4m) expansion and modernisation plan to boost its total cement capacity to 3.6Mta by 2022. The project includes setting up a 0.66Mta grinding unit near Anakapalle, Andhra Pradesh, at an investment of INR2bn and modernising its plant in Mattapalli, Telangana, at a cost of INR1bn. "We will be replacing the old ball mills with vertical roller mills for grinding that will enhance capacity by 2000tpd and help boost overall capacities from t... |
Siam Cement Group targets digital platform and machine efficiency upgrades23 June 2021, Published under Cement NewsSiam Cement Group (SCG) is maintaining its investment budget at THB65-75bn (US$2.04m-2.36m) for the second half of this year even though the third wave of the pandemic has damaged its businesses. The company is focusing on digital platforms and is asking the government to support e-commerce and other measures to deal with the pandemic. "Businesses must brace for changes caused by virus spread," said Roongrote Rangsiyopash, SCG president and CEO. SCG plans to spend most of ... |
Cimerwa announces 14% rise in revenue23 June 2021, Published under Cement NewsRwanda’s Cimerwa has announced a 14 per cent YoY increase in revenue to RWF30bn (US$30.07m) for the first half of the financial year, ended 31 March 2021. The company’s profit after tax also reached RWF1bn. "Despite the effects of the lockdown that went into effect during the first quarter of this year, we were able to record strong revenue and profit and maintain a healthy cash balance of RWF8.7bn. This speaks volumes on our resilience in the face of difficulties and challenges," said John... |
Lehigh Cement's quarry expansion plans opposed23 June 2021, Published under Cement NewsLehigh Cement (HeidelbergCement group) wants to amend its 2012 Reclamation Plan for Lehigh Permanente Quarry to increase mining but faces local opposition. As part of the amendment, the proposal asks to disturb an area of the ridge that is about 30m (100ft) in height and 1219m (4000ft) across. In its May 2019 proposal to amend its 2012 Reclamation Plan for Lehigh Permanente Quarry, Lehigh said it wants to mine additional limestone from the area and to cut back the slope for stabilisation alo... |
PPC reports 3% increase in revenue22 June 2021, Published under Cement NewsSouth Africa’s PPC has reported a three per cent YoY increase in group revenue for the year ended 31 March 2021, rising to ZAR8938m (US$626.07m) from ZAR8671m, due to a recovery in cement sales following the easing of lockdown restrictions. Opportunistic cement sales resulting from its ability to respond to an increase in demand in some markets also contributed to revenue growth. Excluding Zimbabwe, group revenue increased by seven per cent YoY, according to the group. "The group experienc... |