Cement News tagged under: corporate
Heidelberg Materials launches evoBuild31 January 2024, Published under Cement NewsHeidelberg Materials has introduced a new global product brand, evoBuild, for low-carbon and circular products. evoBuild products are characterised by their clear sustainability credentials, and each product must meet strict requirements to become part of the range. As the first company in the heavy building materials industry, Heidelberg Materials is using globally standardised criteria to label sustainable products. All countries in which the company is present will gradually integrate t... |
FLSmidth looks at possible divestment options in Cement business30 January 2024, Published under Cement NewsFLSmidth will explore the available divestment options for its Cement business to maximise the division’s full potential and strengthen the market leading position of its Mining business. Over the past year, FLSmidth has simplified and rightsized the Cement business to further strengthen its market-leading position, improve profitability and make it fit-for-purpose with a strategic focus on the core products and services required in the cement industry. The company says it continues to bel... |
Eco Material Technologies enters ash agreement in Alabama30 January 2024, Published under Cement NewsEco Material Technologies has announced it will be collaborating with Alabama Power, a subsidiary of Southern Company, to harvest millions of tonnes of stored ash from Plant Barry, a coal- and natural gas-fired electrical generation facility located in Bucks, Alabama, USA. According to Stock Titan, the ash will be used in concrete blends to repair and construct bridges, roads, and buildings in Alabama, Mississippi, Florida, and Louisiana, reducing dependence on imported materials. T... |
Premier Cement Mills' profit balloons in 2QFY23-2430 January 2024, Published under Cement NewsPremier Cement Mills PLC , the second-largest cement maker in Bangladesh, uploaded its financial results on the Dhaka Stock Exchange (DSX) on 28 January. The company witnessed a surge in profit by nearly 30-fold in the October-December 2023 quarter on the back of higher sales. It earned a profit of BDT220m (US$1.99m) in the second quarter, which was BDT7.5m in the similar three-month period of 2022-23, a YoY increase of 2833 per cent. Managing director of Premier Cement, Mohammed Amir... |
Heidelberg Materials ends clinker production at Hanover30 January 2024, Published under Cement NewsHeidelberg Materials has announced that it is shutting down clinker production at its Hanover cement plant in the second half of 2024. Going forward, the company will instead focus its activities in Hanover on the end-product cement and will continue to operate the site as a grinding facility. The adjustment comes after a substantial decline in cement sales following weak construction demand in Germany due to the current economic environment, as well as a stronger alignment of the co... |
Holcim names Miljan Gutovic as new CEO29 January 2024, Published under Cement NewsHolcim ’s has appointed Miljan Gutovic as chief executive officer (CEO), effective from 1 May 2024. He will succeed the current CEO Jan Jenisch, who will focus on his role as chairman and will stand for re-election at the AGM in May. Mr Gutovic, an Australian national, has been a member of the group executive committee since 2018. He served as head of the region Middle East and Africa, followed by the region Europe and operational excellence. Under his leadership, Holcim strengthened it... |
Holcim to list North America business in the US29 January 2024, Published under Cement NewsHolcim has announced its intention to list its North American business in the US with a full capital market separation. According to the company, this process will create the leading pure-play building solutions company in the region. The newly-listed business will be committed to driving long-term growth in the rapidly expanding North American market and unlocking value for all its stakeholders. Following the US listing of North America, Holcim is expected to remain included in the Sw... |
PPC concludes 51% CIMERWA stake disposal29 January 2024, Published under Cement NewsPPC has concluded the sale of its 51 per cent stake in CIMERWA , Rwanda. The South Africa-based cement producer sold its shareholding for US$42.5m to National Cement Holding Ltd. The sale enables PPC to focus on its core domestic market, where it sees opportunities to improve profitability and secure a more sustainable return on capital, reports The Chronicle. In a notice to shareholders, PPC Chief Executive Officer, Matias Cardarelli, said: "I am pleased with the timely completion of t... |
Lucky Cement records 92 per cent jump in profit29 January 2024, Published under Cement NewsLucky Cement Ltd posted its financial result for 1HFY24 at the Pakistan Stock Exchange (PSX) on 26 January. The company announced unconsolidated earnings of PKR13.710bn (US$49m), showcasing a hefty jump of 92 per cent YoY. Gross sales increased to PKR79.26bn from PKR58.70bn over the same period. The company has decided to undertake a 28.8MW wind power project at the Karachi plant. The project is expected to be completed by 1QFY25. The company is also expected to increase solar capacities ... |
Inform collaborates with ready-mix software company29 January 2024, Published under Cement NewsAI-powered optimisation software company Inform has formed two new collaborations. The first is with BCMI, an innovative leader in cloud-based software company, for ready-mix concrete and bulk materials based in Redmond, WA, USA. The second is with Marcotte Systems, a renowned leader in innovative solutions for the concrete industry based in Saint Bruno, Canada. These collaborations will bring a joint AI-powered dispatch solution, which combines deep expertise in the construction material... |