Cement News tagged under: corporate
Production resumes at Sindri plant following protest03 December 2020, Published under Cement NewsProduction at ACC’s cement factory in Sindri, India, resumed on Tuesday with a police presence, a day after a clash between protesting villagers and police. The protestors had blocked the entrance of the factory and were demanding jobs for the locals in the factory, according to The Times of India. As many as 11 people were reportedly arrested on Monday and sent to judicial custody. |
Mondi set to open Colombian plant in January03 December 2020, Published under Cement NewsMondi is expected to open a new paper bag plant in Cartagena, Colombia, in January 2021. It will be the company’s first in South America. South America is home to more than 250 cement plants, requiring 2bn cement bags per year, according to a press release. "Our global network already includes 39 plants across 22 countries. We are excited to be expanding our footprint to Colombia, helping us to provide innovative, sustainable and customer-focused paper packaging solutions to customers in... |
Star Cement to invest INR4.5bn in new plant02 December 2020, Published under Cement NewsIndia’s Star Cement has announced an INR4.5bn (US$61m) investment in Bengal through the construction of its new 2Mta grinding unit. It will be the company’s first facility in the state and the government has already cleared land for the project in Jalpaiguri, according to the Times of India. Star Cement currently has a manufacturing capacity of 4Mta, which is expected to go up to 6Mta upon completion. The Bengal plant will be supplied with clinker from the company’s works in Meghalaya.... |
South Valley Cement reports contraction in net loss02 December 2020, Published under Cement NewsEgypt’s South Valley Cement has seen its net loss contract to EGP132.81m (US$8.48m) in the first nine months of 2020, compared to EGP173.97m in the year-ago period. The company had also reported a contraction in its net loss for the first half of 2020. |
Riyadh Cement completes record kiln operation01 December 2020, Published under Cement NewsSaudi Arabia-based Riyadh Cement Co has completed its longest kiln operation without interruption with 70 days of continuous operation (1676.67h) without any single minute interruption. The plant also operated the kiln at 103 per cent capacity, averaging 5145tpd of production from 5000tpd of designed plant capacity. The stoppage was preventively taken to inspect the clinker pan conveyor which took about 4-6h maintenance. This performance was only possible due to the high leve... |
Tanga Cement's Board Chairman forecasts strong infrastructure demand in 202101 December 2020, Published under Cement NewsTanga Cement PLC's Board Chairman, Lawrence Masha, gave an upbeat outlook on the company's prospects because of the government’s heavy infrastructure projects and investments. At the shareholders' annual general meeting Mr Masha said: "The group remains optimistic of the positive impact of infrastructure development plans under the government’s development version 2025 programme and expect the projects to continue gaining momentum in 2020." Despite the company’s net loss of TZS1... |
Breedon's asset disposal to complete shortly01 December 2020, Published under Cement NewsThe UK’s Competition and Markets Authority (CMA) has now accepted Breedon Group’s undertakings to dispose of certain assets to Tillicoultry Quarries. The company made the move to address the CMA’s concerns that its purchase of certain assets from Cemex UK may lessen competition in certain areas. In a statement to the London Stock Exchange, Breedon confirmed that it now expects the disposal of assets to Tillicoultry Quarries to complete shortly. |
Metallurgical Industries sells 6.4m shares in Tourah Portland Cement30 November 2020, Published under Cement NewsEgypt’s Metallurgical Industries Holding has reportedly sold 6.4m shares in Tourah Portland Cement. The share sale has a value of EGP45.7m (US$2.91m). Tourah Portland also reported a net loss in its 3Q20 results last week. |
Gulf Cement Co approves capital reduction30 November 2020, Published under Cement NewsThe ordinary general meeting of UAE-based Gulf Cement Co has approved a 50 per cent capital reduction to AED410.55m (US$111.79m) from AED821.1m, as a result of the company’s accumulated losses as of 30 September 2020. The company will therefore cancel 410.55m shares, equivalent to the amount of losses, according to the company's disclosure to the Abu Dhabi Securities Exchange (ADX) on Sunday. |
HeidelbergCement to move Italcementi's research centre to Germany30 November 2020, Published under Cement NewsHeidelbergCement, parent company of Italcementi, is planning to move the Bergamo research centre to Germany, according to reports in Italia Oggi. The step is part of the company’s strategy to further optimise the effectiveness, processes and structures of its activities, which includes the centralisation of its research functions in a single location. The timing of the move, which is expected to affect the 32 employees of the centre, has not yet been disclosed. |