Cement News tagged under: corporate
FLSmidth Cement appoints new president26 October 2023, Published under Cement NewsChristopher Ashworth has been appointed the new president of FLSmidth Cement . He succeeds Asger Lauritsen who stepped down from the role in August this year. Roland M Andersen has been serving as interim president since August, alongside his duties as group CFO. Mr Ashworth joins FLSmidth from Eurotherm, a Schneider-Electric company, where he has served as vice president and managing director for the last nine years. According to FLSmidth, he brings with him extensive experience in oper... |
Unacem reports 12% fall in sales in 9M2325 October 2023, Published under Cement NewsPeru-based cement producer Unacem has reported an 11.6 per cent drop in cement production to 4.38Mt in the opening nine months of 2023. Clinker production over the same period declined 7.5 per cent to 4.3Mt. Cement sales over the 9M23 also contracted, down 11.7 per cent to 4.38Mt YoY, with a 13.8 per cent YoY contraction seen in the 3Q23. However, this did mark a 6.2 per cent increase compared to the previous quarter. Unacem’s revenue over the 9M23 came in at PEN2.04bn (US$526m), down s... |
Holcim España invests in renewable fuels at Carboneras plant25 October 2023, Published under Cement NewsHolcim España has reinforced its commitment to decarbonisation by investing in facilities for the use of renewable fuels at its Carboneras cement plant in Almería, Spain. The EUR4m project ensures that the plant is now capable of sourcing 70 per cent of its thermal energy requirements from renewable fuels, resulting in a reduction of more than 22,000t of CO 2 emissions linked to energy use. Attending the inauguration of the new facilities, Jorge Paradela, minister of industry, energy ... |
Domicem commissions new kiln, doubles capacity25 October 2023, Published under Cement NewsDomicem , a subsidiary of Colacem SpA (Italy), commissioned a new kiln line at Sabana Grande de Palenque , San Cristóbal province, in the Dominican Republic, on 13 October 2023. The US$120m expansion consisted of a 3500tpd kiln line and doubles cement capacity at the existing plant to 3.8Mta. The project, which was first announced in March 2021, was executed by by Sinoma CBMI Construction (China). Domicem first entered the Dominican Republic in 2005 with the launch of its first... |
FLSmidth awarded new service contract25 October 2023, Published under Cement NewsFLSmidth will support a leading cement producer to improve the reliability and performance of its operations in Latin America. The new contract builds on a long-standing relationship between the two companies and will last a period of 18 months. Covering the complete production process, from quarry to packing plant, FLSmidth will support the customer in improving overall equipment efficiency and thus plant productivity. The scope of supply includes training and mentoring of plant perso... |
Cherat Cement reported profits up by 3% in 1QFY23-2425 October 2023, Published under Cement NewsCherat Cement Co Ltd (CHCC), subsidiary of Gulham Faroque Group , has announced its financial results for the 1QFY23-24 ended 30 September 2023. It reported an increase in profit after tax to PKR1.53bn (US$5.47m) from PKR1.48bn earned in the corresponding period last year. This reflects a growth of 3.4 per cent on a YoY basis, according to CHCC financial results posted on the Pakistan Stock Exchange on 23 October. The substantial increase in profitability can be attributed to lower... |
Continental Cement signs hydrogen MoU24 October 2023, Published under Cement NewsSummit Materials , in partnership with its subsidiary Continental Cement Co , has signed a Memorandum of Understanding (MoU) with PCC Hydrogen Inc (PCCH2), a producer of negative carbon intensity hydrogen, to develop a fuel replacement strategy to lower carbon emissions from Continental's cement manufacturing process. The project aims to deploy negative carbon intensity hydrogen derived from ethanol as a replacement fuel for the existing hydrocarbon fuels used as a source of heat in the... |
Yamama Cement saw growth in revenue and profit in 9M2324 October 2023, Published under Cement NewsYamama Cement Co of Saudi Arabia recently announced its interim financial results for nine months, ending on 30 September 2023, at the Saudi stock exchange. The company earned a net profit after tax of SAR251.49m (US$67m) against SAR221.64m during this period, depicting a 13.46 per cent YoY growth. The sales/revenue also saw an upsurge to SAR710.64m from SAR673.6m with a note of 5.49 per cent growth. The company reports that the main reason for the increase in net profit for the current... |
Heidelberg Materials named as Summit mystery bidder24 October 2023, Published under Cement NewsJust weeks after it was reported that Summit Materials had entered into an agreement to merge with the US operations of Cementos Argos , Heidelberg Materials is allegedly lining itself up to acquire Summit Materials. According to Bloomberg, Summit Materials has rejected two takeover bids from an “unnamed party” in recent weeks, which has since been revealed as Germany-based Heidelberg Materials. With Argos USA home to four integrated cement plants, around 140 ready-mixed concrete p... |
Najran Cement to buy 20-25 per cent stake in the building materials industry24 October 2023, Published under Cement NewsNajran Cement Co of Saudi Arabia announced the signing of a non-binding memorandum of understanding (MoU) with Ayan for Commerce & Industry (Ayan), according to which Najran Cement Co will study the feasibility of purchasing a minority stake in one of Ayan’s subsidiary companies that works in the building materials industry. According to the Saudi Stock Exchange, the data of signing the MoU was 18 October 2023. The MoU is valid until 31 December 2023 and can be extended with the approva... |