Cement News tagged under: corporate
Ambuja Cements acquires Penna Cement17 June 2024, Published under Cement NewsAdani Group subsidiary Ambuja Cements has acquired Penna Cement Industries Ltd (PCIL) for INR104,220m (US$1274m). Following this latest acquisition Adani Cement 's production capacity increased to 89Mta. It would also provide sufficient limestone reserves to Ambuja Cement. By 2028 Adani targets a total production capacity of 140Mta capacity and around 20 per cent market share. In a regulatory filing, Ambuja Cements Ltd said it will acquire 100 per cent shares of PCIL from ex... |
Chilanga Cement inaugurates kiln upgrade17 June 2024, Published under Cement NewsZambia-based Chilanga Cement has inaugurated its Ndola kiln upgrade project. The project will not only enhance the cement plant’s production capacity but also its environmental sustainability. According to News Invasion 24, the upgrade will enable greater use of renewable energy sources as well as improving product standards. Jianping Chai, CEO of Chilanga Cement, said the investment confirms the company’s dedication to fostering economic growth in the region. The project is reported... |
Apo and Solid Cement repurchase brands from CEMEX17 June 2024, Published under Cement NewsCemex Holdings Philippines (CHP) disclosed that APO Cement and Solid Cement have repurchased the cement brands from their Switzerland-based sister firm, Cemex Innovation Holding (CIH). The deal with the Consunji family cost US$12.55m. APO Cement, operating from Naga, Cebu, acquired the Apo Cement brand for US$8.2m, while Solid Cement, which has a plant in Antipolo, paid US$4.53m for the Rizal and Island trademarks. The Island and Rizal brands, established in 1930, are primarily sold to ... |
Adbri shareholders agree to CRH takeover13 June 2024, Published under Cement NewsShareholders in Australia-based Adbri have given the green light to the takeover bid by Ireland’s CRH . According to The Australian, almost 98 per cent of the votes cast at a meeting held this week at Adbri were in favour of CRH’s acquisition of 57 per cent of Adbri shares. CRH first made a bid for the shares in December 2023, offering AUD3.20(US$2.13)/share, valuing the company at around AUD2.1bn (US$1.4bn). As part of the deal, Barro Group will retain its 43 per cent share of Adbri. ... |
Lafarge Canada and Hyperion collaborate on carbon recycling12 June 2024, Published under Cement NewsLafarge Canada and Canadian carbon technology innovator Hyperion Global Energy Corp have announced the launch of Hyperion’s patented Tandem Carbon Recycling System © pilot. This pioneering process advances circularity by capturing and transforming carbon emissions into high-performance mineral components used to make sustainable building solutions such as low-carbon concrete and other materials. The pilot project, currently in operation at Lafarge’s Bath cement plant in Ontario, inv... |
Ecocem appoints Ghizlane Ruf as chief of staff12 June 2024, Published under Cement NewsIreland-based Ecocem has announced the appointment of Ghizlane Ruf as its Chief of Staff. Ms Ruf will play a pivotal role in driving Ecocem’s growth by working with its senior executives to prioritise strategic business decisions and enhance team efficiency. She extensive experience within the cement and concrete industries, following her previous role at Lafarge Cement. Reporting to Conor O’Riain, European MD, Ms Ruf is responsible for ensuring that senior executives are supported in th... |
Heidelberg Materials ceases clinker production at Añorga11 June 2024, Published under Cement NewsHeidelberg Materials will stop clinker production at its Añorga plant in Spain. The company will continue operating the plant as a grinding facility. The step will enable the company to focus on the production of reduced clinker cement, resulting in a broad range of sustainable products for customers in Spain and southwest France. Heidelberg Materials will focus its clinker production in northern Spain at its Arrigorriaga plant near Bilbao, which is able to produce more efficiently a... |
Sonapur cement plant provokes violent protests11 June 2024, Published under Cement NewsTaj Cement Authority’s plans to build a new cement plant in Sonapur, Assam, India, was met by violent protests from local residents over concerns regarding the environmental impact of the plant on the local area. According to Indian Today, activists argue that the INR3420m (US$41m) project will cause irreversible damage to the local ecosystem, impacting not only the biodiversity of the area, which is known for its lush landscapes, and human health. |
Holcim Colombia appoints new executive president11 June 2024, Published under Cement NewsMartín Costanian has been appointed as the new executive president of Holcim Colombia SA . Mr Costanian will succeed Marco Maccarelli, who will take up new challenges within Holcim. Holcim Colombia’s new executive president has a degree in science and business administration from the Universidad Católica del Uruguay and has a Master of Business Administration from the Carlson School of Management of the University of Minnesota. He joined Holcim México SA de CV in 2019 as chief financi... |
Cemenco connects to LEC grid10 June 2024, Published under Cement NewsLiberian-based cement producer Cemenco has been connected to the Liberia Electricity Corp (LEC) grid, making it the public utility company’s largest customer, reports Energy Capital Power. The ceremony, which took place is Monrovia earlier this month, marked the signing of the agreement between LEC and Cemenco, designed to reduce production costs for the cement manufacturer. Cemenco will be connected through a 1km-long 22kV voltage line to the Stockton Creek substation. Commenting on t... |