Cement News tagged under: corporate
Cemex seeks increased exploitation of Can Negret quarry10 September 2018, Published under Cement NewsCemex has filed an appeal for reversal of the Government resolution regarding the cement producer’s exploitation of the Can Negret quarry in Alaró, Spain. Cemex extracts limestone from the quarry for its Lloseta cement plant and wants to exploit the quarry until 2042 (and to 2072 with an extension) and over an area of 483,734m 2 . The government has agreed only to a term until 2032 (2037 including the restoration phase) and over an area of 452,621m 2 . In addition, the extraction volume h... |
Quinn Cement launches product range in Ireland07 September 2018, Published under Cement NewsQuinn Cement has launched a new range of bagged cement in Ireland following its success in Britain. The range represents an investment of EUR3m and includes three new cement products. Upon release in Britain, the products resulted in a significant increase in bagged cement sales. "We’re delighted to bring the new range to Ireland, particularly given the success we’ve witnessed in the British market where bagged cement sales have seen a huge increase since the range was launched earlier thi... |
BUA Group plans new Ebonyi plant07 September 2018, Published under Cement NewsNigeria's BUA Group Ltd has announced plans to set up a plant in Okpoto, Ebonyi State. The company plans to use the large deposits of limestone and coal in the state and surrounding area to power and supply the facility. Alongside the demand for cement in the state, the facility is also expected to serve the southeastern market of the country. "We want to set up a cement plant here so that the south-eastern markets will benefit," said Kabiru Rabiu, CEO. David Umahi, governor of Ebonyi, n... |
UltraTech plants win awards at National Awards for Excellence in Energy Management07 September 2018, Published under Cement NewsUltraTech has announced that five of its integrated cement manufacturing units have been recognised by the Confederation of Indian Industry (CII) at the 19th edition of the 'National Award for Excellence in Energy Management 2018'. Five manufacturing units of UltraTech Cement Ltd (UTCL) The awards included: 'Excellent Energy Efficient Unit' - Rawan Cement Works (RWCW) 'Best cement plant' and 'Captive power plant' – Chhattisgarh Cement plant 'Energy Efficient Units' – Kotputli... |
Buzzi Unicem set to acquire 50% of Grupo Ricardo Brennand06 September 2018, Published under Cement NewsBuzzi Unicem has signed an agreement with Grupo Ricardo Brennand aimed at acquiring 50 per cent of BCPAR SA, a subsidiary of Brennand Cimentos, including two integrated cement plants in Paraíba and Minas Gerais, Brazil. The agreement allows Buzzi Unicem to reach a 50 per cent stake in BCPAR SA after acquiring the totality of the shares held by the current minority shareholders, BNDESPAR and FIP MPlus, besides a part of the shares owned by Brennand Cimentos, as well as the underwriting of de... |
UltraTech looks to increase presence in eastern India06 September 2018, Published under Cement NewsUltraTech Cement is looking to increase its market share in eastern India to 23 per cent, due to the considerable growth in the region. "There is an excess demand in the eastern region. The capacity in east is less than the total demand, including in Bengal. The rise in cement consumption in east is 15 per cent, while nationally it is 5-6 per cent," said Dev Banerjee, joint president of UltraTech. The company currently claims slightly over 20 per cent of the eastern market, led by its ma... |
Breedon's unaudited 1H18 results see revenues up 16%05 September 2018, Published under Cement NewsBreedon Group Plc's interim results (unaudited) for 1H18 saw revenues up 16 per cent to GBP378.4m (US$378.4m) from GBP326.3m in 1H17. Profit before tax reached GBP30.4m down three per cent on GBP31.2m in 1H17. Net debt stood at GBP383.6m compared with GBP146.8m in 1H17. The company reported that it sold 9.3Mt of aggregates and 1.2Mt of asphalt and 1.6Mm 2 of ready-mix concrete in the period under review. Underlying EBIT stood at GBP42m up 17 per cent on GBP35.8m in 1H17. During the 1H... |
Caribbean Cement receives approval for quarry projects05 September 2018, Published under Cement NewsJamaica’s Caribbean Cement Co Ltd has received approval from the National Environment and Planning Agency (NEPA) to develop a new limestone quarry and extend its existing gypsum quarry. The company expects to produce 200,000tpa of gypsum once it expands its Halberstadt quarry from 2ha to 6.7ha. The new 20ha limestone quarry at Harbour Head, St Andrew, would be contiguous to an existing quarry and produce 800,000tpa. The environmental report on the plans had already indicated that the com... |
ASEC Cement starts Zahana exit negotiations05 September 2018, Published under Cement NewsQalaa Holdings announced that its subsidiary ASEC Cement has commenced negotations to exit Zahana Cement, in which it owns 35 per cent of shares. ASEC Cement has invested US$62m in Zahana Cement, which has a plant located some 40km from Oran, western Algeria. The cement producer upgraded the works to produce 0.75Mta and has been building a new 1.6Mta line, scheduled to come online at the start of 2020. |
Power Cement secures investment for plant upgrade05 September 2018, Published under Cement NewsArif Habib Corporation Ltd (AHCL) has called extra ordinary general meeting on 26 September to make an additional investment of US$11m in Power Cement Ltd (PCL), an associated undertaking of the corporation. PCL aims to install components/machinery to make its plant more energy efficient, according to a notification on the Pakistan Stock Exchange (PSX) on 4 September . This guarantee amount by AHCL will enable PCL to negotiate a better deal with the potential supplier as AHCL will ens... |