Cement News tagged under: corporate
Aggregate Industries to use waste ceramics as alternative fuel28 November 2023, Published under Cement NewsThousands of tonnes of waste ceramics from one of the UK’s largest ceramic tile manufacturers will be recycled to make cement as part of a new initiative from Aggregates Industries . Aggregate Industries has agreed a four-year deal with Johnson Tiles to take 20,000t of legacy waste and broken production scrap a year from its Stoke factory. The tiles will make the short trip from the factory to Aggregate Industries’ Cauldon cement plant in Staffordshire, where it will be used as an alterna... |
Hoffmann Green to supply Spie batignolles28 November 2023, Published under Cement NewsHoffmann Green Cement Technologies has signed a contract with Spie batignolles, a major France-based player in building, infrastructure and services, for the supply of Hoffmann Green’s carbon-free cements, including a volume commitment until 2027. With sales of EUR2.3bn in 2022 and more than 8000 employees, Spie batignolles is an independent group operating in six major business areas: construction, civil engineering/foundations, energy, public works, real estate and landscaping and en... |
Pioneer Cement still to decide on greenfield or brownfield expansion27 November 2023, Published under Cement NewsPioneer Cement has yet to select a green or brown option for expansion in the Punjab. Topline Securities hosted a corporate briefing session (CBS) for Pioneer Cement Co Ltd (PIOC) on 24 November, where PIOC group chairman, M Habibullah Kha, shared the company’s future outlook. The company’s management highlighted that PIOC had acquired a site at DG Khan for a greenfield project in southwestern Pakistan. However, preference would be given to put up additional lines at the current locati... |
UltraTech Cement eyes up Kesoram Industries27 November 2023, Published under Cement NewsUltraTech Cement has reportedly expressed an interest in acquiring Kesoram Industries and is already carrying out due diligence on the company. According to CNBC, UltraTech is exploring two options: buying out the existing promoter or just acquiring the cement business of Kesoram. Kesoram currently operates in two markets, cement and rayon, with a cement production capacity of close to 10Mta across Karnataka and Telangana . Current shareholders in Kesoram Industries are the existi... |
Loesche GmbH acquires hydraulic company27 November 2023, Published under Cement NewsLoesche GmbH has successfully acquired the valuable know-how of the renowned company RuhfusSystemhydraulik. In the past, Ruhfus was a reliable supplier of high-quality hydraulic solutions and a valued, long-standing business partner of Loesche. Ruhfus Systemhydraulik, a developer of hydraulic systems and components, was forced to file for insolvency due to economic challenges. Loesche regrets the insolvency of Ruhfus Systemhydraulik but at the same time sees the opportunity to retain and fu... |
Gharibwal Cement vows to continue the BMR project27 November 2023, Published under Cement NewsGharibwal Cement Ltd in Pakistan has arranged a corporate briefing session on the FY22-23 and 1QFY23-24. To recall, the company posted a profit after tax of PKR1.232bn (US$4.311m) in FY22-23 vis-à-vis PKR1.355bn in FY21-22. BMR Projects – existing line Top officials outlined the company's balancing, modernisation and replacement (BMR) programme at its 2.11Mta plant in Jehlum, Punjab. A 10MW solar plant is under negotiation with various vendors and a letter of credit (LC) facility is in ha... |
Domicem inaugurates second line24 November 2023, Published under Cement NewsDomicem inaugurates the second production line at its Sabana Grande de Palenque plant in San Cristóbal, Dominican Republic. The new line will increase the plant's production capacity to 3Mta as well as enable the country to be self-sufficient in terms of clinker production. The new line includes new crushing facilities, raw materials warehouse, Loesche vertical mill, five-stage precalcining preheater and kiln with a state-of-the-art bag filter. Adriano Brunetti, MD of Domicem, said: “T... |
Lucky Cement completes the biggest of its kind buyback of shares24 November 2023, Published under Cement NewsLucky Cement informed the Pakistan Stock Exchange (PSX) earlier this week that the company wants to announce the closure of the purchase period about the buyback of shares by the company, as approved by the members of Lucky Cement Ltd (the “Company”) in the Extraordinary General Meeting held on 24 May 2023. During the purchase period, the company purchased an aggregate of 20,375,000 ordinary shares of the company (purchased shares), representing approximately 6.50 per cent of the issued an... |
Sarbottam Cement issues IPOs in Nepali first24 November 2023, Published under Cement NewsSarbottam Cement has become the first Nepali company to float its initial public offerings (IPOs) at the book building price. According to myRepublica, the cement producer has opened its IPOs for institutional investors with a deadline of 26 November 2023, imposing a cut-off price of NPR401/unit (US$3.00/unit) and a ceiling price of NPR601.50/unit. The Securities Board of Nepal (Sebon) has given its approval for Sarbottam to float 12.9033 per cent of its issued capital of NPR4.65bn. Of ... |
CEMEX supplies Vertua to Puerto Vallarta airport24 November 2023, Published under Cement NewsCEMEX is supplying its Vertua lower-carbon concrete for the construction of Terminal 2 at Puerto Vallarta’s International Airport, Mexico, which aims to be one of the most sustainable terminal buildings in Latin America. The 68,000m 2 new terminal is planning to be one of the most efficient in terms of sustainability, with the aim of obtaining LEED certification and minimising the carbon emissions associated with the construction process. CEMEX is contributing over 85,000m 3 of Vertua... |