Cement News tagged under: corporate
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... |
Gas price increase expected for Pakistan's cement industry24 October 2023, Published under Cement NewsAccording to local reporters, Pakistan's government will likely increase gas prices for commercial and domestic users to meet some conditionality of the IMF programme and overcome losses of gas utility companies, gas price adjustments, and gas sector circular debts. The increase in gas prices would also be effective in the cement industry. The Economic Coordination Committee (ECC) is expected to approve gas price increases across the board (excluding protected consumers). The hikes range fr... |
Heidelberg Materials raises full-year outlook23 October 2023, Published under Cement NewsIn the course of preparing its quarterly statement for the first nine months of 2023, Heidelberg Materials has announced preliminary 3Q23 results above current capital market expectations. Capital market expectations are based on the average values of the latest estimates of financial analysts, compiled by Vara Research on 18 October 2023. Preliminary financial figures from the cement producer’s quarterly statement for January to September 2023 show: Preliminary revenue amounts to EU... |
Bamburi Cement calls for collaborative approach on decarbonisation23 October 2023, Published under Cement NewsKenya’s Bamburi Cement has issued a rallying call to the country’s construction sector to encourage decarbonisation. According to Capital Business, the company is in talks with designers, engineers, developers, contractors, materials manufacturer and industry bodies across Mombasa, Kisumu and Nairobi on how to develop a low-carbon pathway. Speaking to over 120 sector players at a recent event in Mombasa, Mohit Kapoor, CEO of Bamburi Cement, said, “The construction process and the materi... |
Campulung modernisation is completed23 October 2023, Published under Cement NewsKHD has successfully delivered upgrades to the pyroprocessing and cement grinding lines at Holcim Romania ’s Campulung cement plant . The project increases clinker production capacity at the plant and underlines KHD’s reputation as an expert and reliable partner for value-enhancing plant modernisation projects. “The Campulung project is a clear mark of confidence in our ability to design, engineer, and execute plant upgrade projects from one of the world’s largest cement producers,”... |
CEMEX supplies Vertua to world's 10th-largest football stadium23 October 2023, Published under Cement NewsCEMEX has supplied its Vertua water-permeable concrete for the renovation of the University of Alabama’s Bryant-Denny Football Stadium, the 10th-largest stadium in the world and home to the 18-times national champion Crimson Tide football team. The use of permeable concrete benefits the stadium’s natural grass field in two key ways: it keeps the playing field from flooding, and it allows for rainwater to be collected and used for its irrigation system, making its maintenance more sust... |
Finnsement appoints responsibility director23 October 2023, Published under Cement NewsFinnsement has appointed a responsibility director. The appointment is part of a wider organisational reform to respond to the challenges posed by the constantly changing operating environment. With the support of the new management team, Finnsement is also more agile in promoting the company's strategic goals, such as long-term emission reduction work. Ulla Leveelahti has been appointed Finnsement's director of responsibility from 11 October 2023. Ms Leveelahti, who previously worke... |
UltraTech Cement posts volume growth of 16%20 October 2023, Published under Cement NewsUltraTech Cement Ltd ( Aditya Birla Group ) has announced its financial results with a robust volume growth of 16 per cent for the quarter ended 30 September 2023. Cement demand also maintained its positive momentum during the 2QFY23-24. The company witnessed demand from all sectors, fuelled by government led infrastructure, rural development and urban residential demand. Consolidated net sales was INR157,350m (US$1.89bn) compared to INR135,960m over the corresponding period of ... |
Dandot Cement Co will start trial production soon19 October 2023, Published under Cement NewsDandot Cement Co Ltd ( 3 Star Group ), while providing an update about the Balancing Modernisation of Replacements (BMR) of 504,000t of its cement plant at Jehlum in Punjab, Pakistan, to the Pakistan Stock Exchange (PSX), expressed hope that the trial production is scheduled to commence soon after the equipment testing and commissioning phase. The company will resume its commercial operations in the current quarter. Upon completing the BMR programme, the company aims to achieve enhan... |
PPC Zimbabwe managing director steps down19 October 2023, Published under Cement NewsPPC Zimbabwe Ltd has announced the resignation of its managing director, Kelibone Masiyane. Mr Masiyane joined the company in 1994 as a trainee electrical engineer at the Colleen Bawn plant, before becoming manager of both that and the Bulawayo plant in 2009. He was appointed managing director of PPC in 2016, reports Chronicle. “After 29 years of service at PPC Zimbabwe Limited, seven years of which were spent at the helm of the company, Mr Kelibone Masiyane informed the board of the... |