Cement News tagged under: corporate
Padeswood cement plant fire extinguished17 June 2021, Published under Cement NewsAt the start of this week, a fire broke out at Hanson's Padeswood cement works (HeidelbergCement group), UK. The plant manager said the fire at the Welsh cement plant has now been extinguished and an investigation into the cause will take place in due course. No statement on the cause of the fire has yet been made. David Quick, plant manager at the cement works, said: "I can confirm that firefighters from North Wales Fire and Rescue Service have been in attendance at a fire – which has... |
SOBOCE commissions modernised Warnes plant16 June 2021, Published under Cement NewsSOBOCE recommenced operations at its Warnes cement plant in Bolivia on 14 June after a BOB222m (US$32.1m) investment in new equipment. The project included a new VRM-based grinding system supplied by Gebr Pfeiffer, and an automatic bagging and palletiser by Claudius Peters. New systems for feeding, transport and storage of raw materials as well as a new electrical substation were also included in the project. “Investment is our answer to the crisis. The modernisation of the Warnes Plant i... |
South Valley Cement's net losses narrow in first quarter16 June 2021, Published under Cement NewsEgypt’s South Valley Cement has posted a net loss of EGP35.69m (US$2.28m) during the first quarter of 2021, compared to a net loss of EGP41.39m in the year-ago period. The company’s revenue declined 30 per cent YoY to EGP62.12m from EGP88.75m in the 1Q20. |
ECEBOL officially restarts operations16 June 2021, Published under Cement NewsState-run Empresa Pública Productiva Cementos de Bolivia (ECEBOL) has officially restarted its operations in Caracollo, Oruro, with an investment of BOB58m (US$8.39m). "This restart of operations of our plant not only ratifies our desire for the reactivation of the Oruro economy, but also of the national economy, because the quality of the cement that we are going to produce here and that we were producing in ECEBOL is of the highest quality," said the country’s president, Luis Arce. T... |
Sarche plant to reactivate kiln line15 June 2021, Published under Cement NewsItaly’s Italcementi (HeidelbergCement) has announced an investment of almost EUR5m (US$6.07m) at its Sarche plant in Madruzzo, Italy. The works will see the factory, which has been operating as a grinding unit since 2015, reactivate its pyroprocessing line. As a result, production capacity is expected to reach 250,000tpa by January 2022. The expansion is being made to meet the rising demand of northeast Italy, with the project also set to employ 30 people. |
CEMBUREAU elects new president and vice-president15 June 2021, Published under Cement NewsCEMBUREAU, the European cement association, elected Isidoro Miranda, MD of LafargeHolcim Spain, as its new president at its annual general assembly. Ken McKnight, member of the CRH Executive Committee was elected vice-president. Following his appointment, Isidoro Miranda said: “The foundation has been laid over the past two years and we will build on this. Starting from our innovation agenda and the technical pathways to decarbonisation, we will need to convey our key priorities for a faci... |
Nuvoco Vistas Corp launch CorroSafe15 June 2021, Published under Cement NewsNuvoco Vistas Corp Ltd has launched Concreto CorroSafe, which is a corrosion-resistant concrete that extends the life of buildings. The advanced concrete mix design is reinforced with corrosion-resistant admixtures that act as inhibitors towards water seepage and rusting, protecting the lifespan of the structures, says Nuvoco Vistas. It is specially designed to increase the density and durability of the concrete mix. Speaking on the product, Prashant Jha, who leads the Ready-Mix busine... |
JK Cement reports 39% rise in revenue14 June 2021, Published under Cement NewsIndia’s JK Cement has reported a standalone net profit of INR633.4m (US$8.65m) for the quarter ending 31 March 2021, compared to INR2.3m in the year-ago period. Net revenue also advanced 38.9 per cent YoY to INR20.52bn from INR14.77bn in the 4QFY19-20. The company’s operating profit reached INR4.39bn, up 26.8 per cent from INR3.46bn in the same period of the previous fiscal. |
PPC to sell Botswana aggregate quarry business11 June 2021, Published under Cement NewsSouth Africa-based PPC has entered into a binding sale and purchase agreement to sell its 100 per cent shareholding in PPC Aggregate Quarries Botswana Proprietary Ltd for a cash purchase consideration of BWP47.5m (US$4.49m). The purchaser is a construction and mining company in Botswana, with conditions for the agreement expected to be met by 1 August 2021. PPC also anticipates group EBITDA for continuing operations to increase by between 14-18 per cent YoY in the full-year ended 31 March 2... |
Star Cement reports 10% rise in revenue11 June 2021, Published under Cement NewsIndia’s Star Cement has reported a 9.8 per cent YoY rise in revenue to INR6.03bn (US$82.53m) for the quarter ending 31 March 2021, compared to INR5.49bn in the year-ago period. Net profit remained largely consistent at INR853m from INR858.3m. The company also reported a 6.7 per cent YoY fall in revenue to INR17.2bn for the FY20-21. Net profit declined 34.5 per cent to INR1.87bn from INR2.86bn. Star Cement also commenced production at a new 2Mta grinding unit in Siliguri, West Bengal, in J... |