Cement News tagged under: corporate
Heidelberg Materials converts Speed plant to slag grinding26 June 2024, Published under Cement NewsHeidelberg Materials has announced the successful conversion of its cement plant in Speed , Indiana, USA, to a slag grinding facility to better support the increased demand for sustainable products in the fast-growing Midwest market. Following last year’s opening of its new state-of-the-art cement plant in Mitchell , Indiana, Heidelberg Materials ceased Portland cement production at its manufacturing site in Speed and invested in modifying the facility to produce slag cement from do... |
Lucky Cement obtains a credit line of PKR8bn26 June 2024, Published under Cement NewsPakistani financial institution and cement conglomerate the United Bank (UBL) and Lucky Cement Ltd announced that the bank will extend PKR8bn (SU$28.7m) to cement producers. Both organisations have yet to feed the material information on the Pakistan Stock Exchange (PSX) website, but both consents appeared in a public message on 25 June. The stand-by letter of credit facility, a financial instrument commonly used in the core business or for project diversification, has been extended by ... |
Cemex supplies Paris Olympics26 June 2024, Published under Cement NewsCemex has supplied architectural and Vertua lower-carbon concretes for the construction or renovation of multiple venues in Paris that will host sports competitions this summer. The projects that Cemex participated in include the Olympic Aquatic Centre, the Grand Palais and the Athlete’s Village. “These projects exemplify Cemex’s versatility, delivering tailor-made solutions that best suit our specific customers’ needs,” said Fernando A González, CEO of Cemex. “We’re proud to provide ... |
PPC FY23-24 results bolstered by strong Zimbabwe performance25 June 2024, Published under Cement NewsPPC has reported revenue of ZAR10,058m (US$551.8m) in FY23-24 (ended 31 March 2024), marking a 20.6 per cent increase from ZAR8339m in the same period a year earlier. According to the company, this was primarily driven by the strong performance in its Zimbabwean operations. EBITDA over the same time frame improved 38.6 per cent from ZAR896m to ZAR1242n, with the EBITDA margin up 1.6 percentage points to 12.3 per cent in FY23-24. In the South Africa and Botswana business, cement revenue... |
Cemex launches Vertua in Florida25 June 2024, Published under Cement NewsCemex has announced that Vertua ® , its portfolio of sustainable products, is now available in Florida. Establishing the foundation for thousands of new homes in Sarasota County, Florida, this residential project showcases Cemex's commitment to environmental responsibility and advancing the construction industry toward a more resilient future, according to the company. Cemex was recruited by Rockwell Building Systems to fortify the homes with its Vertua lower-carbon concrete in Brightmo... |
Holcim acquires Cand-Landi Group to accelerate decarbonisation and circularity at Eclépens24 June 2024, Published under Cement NewsHolcim acquired the Cand-Landi Group in Switzerland to advance decarbonisation and circular construction. With consolidated net sales of CHF70m (US$11.4m) and 250 employees, Cand-Landi’s diversified businesses range from recycling and waste management to aggregates and ready-mix. The acquisition will accelerate decarbonisation at Holcim’s Eclépens plant in Switzerland by providing new sources of alternative raw materials and alternative fuels. It also increases by 100,000tpa Holcim’s rec... |
Dangote ramps up investment in Zambia with second plant24 June 2024, Published under Cement NewsDangote Cement has announced plans to double its investment in Zambia by building a second cement plant. The company has already constructed one plant in Masaita at a cost of US$450m but this investment will now be boosted to US$900m with plans for a second facility, reports The Guardian. The Masaita works is designed to have a cement production capacity of 1.5Mta and is scheduled to reach full capacity by the end of 2024. The new plant is expected to be commissioned soon. |
Southern Province Cement and Yanbu Cement Co sign an MoU for amalgamation24 June 2024, Published under Cement NewsAccording to Saudi Exchange (Tadawul), Southern Province Cement Co announced the signing of a non-binding Memorandum of Understanding (MoU) with Yanbu Cement Co on 23 June 2024 to evaluate the feasibility of merging the two Saudi Arabian companies. Both companies will commence due diligence, a comprehensive examination of operational, technical, financial, legal and actuarial aspects. This thorough approach ensures that all aspects of the merger are meticulously evaluated, providing a s... |
PIBTL to settle its foreign exchange debt in a couple of years24 June 2024, Published under Cement NewsPakistan International Bulk Terminal (PIBTL) is expected to repay all financial dollar-based loans by June 2026. At a recent conference hosted by Topline Research, Shariq Azam Siddiqui, CEO of PIBTL, and Arsalan I Khan, CFO of PIBTL, shared their expert insights on the company’s operations and the promising outlook for coal and cement handling in Pakistan. They talked about the foreign loan exposure: the foreign loans have been reduced to US$20m and will be further reduced to US$16m by 3... |
alcemy and Spenner launch 'CEM X'24 June 2024, Published under Cement NewsAlcemy, a Berlin-based AI start-up focussed on decarbonising cement and concrete production, has announced that German cement manufacturer Spenner GmbH has produced commercially viable 'CEM X' using alcemy’s quality control software. Alcemy and Spenner’s ‘CEM X’ offering is a durable, low-carbon and cost-competitive cement alternative that boasts a 65 per cent reduction in carbon emissions. ‘CEM X’ is a term for laboratory-developed, low-clinker cement. Leveraging alcemy’s AI platform, ... |