Cement News tagged under: corporate
Cementos Cienfuegos reports progress rehabilitation programme29 December 2023, Published under Cement NewsCementos Cienfuegos SA, the largest cement factory in Cuba, is making progress in its rehabilitation, the plant's management reports. The plant currently runs at 30 per cent of its 1.6Mta nominal capacity but modernisation is under way. The first results of a foreign currency raising programme are starting to be seen, according to National Television News, with Cienfuegos Financial Manager, Angel García de León, saying that the first shipment took place in November. The plant is planning... |
UltraTech Cement acquires 26% stake in Clean Max Terra29 December 2023, Published under Cement NewsUltraTech Cement has entered into a share subscription and shareholders agreement to acquire 26 percent equity shares of renewable energy company Clean Max Terra. The equity investment is up to INR202.5m (US$2.44m). Clean Max Terra, based in Mumbai, India, is a special purpose vehicle to set up 50MW AC/75MW DC solar power project on a captive basis in Saraipali Village, Mahasamund district, Chhattisgarh. The mostepve is part of UltraTech Cement’s strategy to meet its green power target ... |
InterCement completes sale of Africa businesses28 December 2023, Published under Cement NewsInterCement Participações SA has announced that the divestment of its businesses in South Africa and Mozambique – collectively known as the ‘Africa Business’ – to Huaxin Cement Co. Ltd (China), has been concluded upon receipt of the provisional price of USD231.6m. As provided for in the previously executed Stock Purchase Agreement, the provisional price will be adjusted in due course considering net debt, other customary adjustments and working capital levels of the Africa Business. |
UCIL wins WCA grinding upgrade award28 December 2023, Published under Cement NewsBangladesh-based Unique Cement Industries Ltd (UCIL) has won the World Cement Association Project Award 2023: Grinding Upgrade. The award reportedly recognises the innovative design of UCIL's grinding circuit to increase capacity and flexibility while reducing power consumption. UCIL is the only cement producer in Bangladesh to be a member of the World Cement Association (WCA). Three of the country’s most significant bridge projects - Kanchpur, Meghna and Gumti - along with other mega i... |
Adbri to operate world's first fully electric self-unloading vessel22 December 2023, Published under Cement NewsAdbri has entered into a 20-year strategic partnership with Canada Steam Ship Lines (CSL) to build and operate the world’s first fully electric battery-capable self-unloading vessel. The custom-designed ship will replace Adbri’s ‘Accolade II’ and will support the company’s limestone operations in South Australia with a focus on enhanced efficiency and environmental responsibility. The ship will carry up to 2.7Mta of limestone, which represents a 35 per cent increase over the existing vesse... |
Shiva Cement announces resignation and appointment22 December 2023, Published under Cement NewsIndian cement producer Shiva Cement Ltd has announced the resignation of Rajendra Prasad Gupta as non-executive director of the company. He will also cease to be chairman/member of the committees constituted by the Board of Directors. Aged 75, Mr Gupta has expressed his intention to retire to spend more time with his family and other commitments. Shiva, which is part of JSW Cement , has also named Shouvik Chakraborty as an additional non-executive, non-independent director, as agreed ... |
CEMEX supports zero emission hydrogen start-up21 December 2023, Published under Cement NewsCEMEX Ventures, CEMEX’s corporate venture capital and open innovation unit, has increased its stake in HiiROC, a UK-based start-up that produces cost-competitive and zero-emission hydrogen through its proprietary process of thermal plasma electrolysis. While hydrogen is becoming an increasingly promising alternative energy source and feedstock for a wide and diverse set of industrial processes, existing solutions are traditionally either high emission or high cost. Alternatively, HiiROC... |
Hoffmann Green extends contract with CSTB21 December 2023, Published under Cement NewsHoffmann Green Cement Technologies has announced that the partnership contract it signed in 2021 with France’s Scientific and Technical Centre for Building (Centre Scientifique et Technique du Bâtiment (CSTB)) has been extended for a further three years. According to the cement producer, thanks to the planning and coordination established between the two entities, this partnership extension will enable Hoffmann Green to benefit from optimised lead-times for the assessment of its curr... |
Adbri's Kwinana project on track for 2Q2420 December 2023, Published under Cement NewsAustralian cement producer Adbri has provided an update on its Kwinana upgrade project, saying it is on track in terms of both cost and timings. According to the company, the Kwinana project will deliver a modern, state-of-the-art facility that consolidates Adbri’s two existing cement production sites, strengthening its position as a sustainable, low-cost cement supplier in Western Australia. The project is expected to be completed at a cost of around AUD385-420m (US$259-283m) with co... |
BUA's Sokoto Line 5 begins production20 December 2023, Published under Cement NewsProduction has begun at Line 5 of BUA Cement ’s Sokoto plant. The 3Mta expansion project forms part of the company’s plans to not only expand its production capacity but also bring down cement prices in Nigeria. In October this year BUA lowered its ex-factory cement price to NGN3500 (US$4.55)/bag, with the company announcing plans to review its prices even further in the opening quarter of 2024, reports The Capital. The new line at Sokoto takes BUA’s total cement production capacity c... |