Cement News tagged under: corporate
Adbri enters into bauxite supply agreement with ABx11 September 2023, Published under Cement NewsABx Group has entered into a five-year supply agreement with Adelaide Brighton Cement (ABCL), a subsidiary of Adbri , to provide cement-grade bauxite to ABCL’s Birkenhead cement plant in South Australia. The agreement includes the delivery of 90,000-120,000t of bauxite over a five-year period, with the potential for extension, from ABx’s DL130 project in northern Tasmania, reports The Market Herald. “This five-year agreement with ABCL for the supply of cement-grade bauxite from our ... |
Suez Cement rebrands as Heidelberg Materials11 September 2023, Published under Cement NewsSuez Cement Group of Companies (SCGC) has rebranded as Heidelberg Materials, reaffirming its vision to continue to lead the change in the sector towards sustainability and digitalisation, reports Mist News. “Today we merge the legacy of two iconic companies, with almost 100 years of local experience and 150 years of global experience from Heidelberg Materials, to lead the field in driving down carbon emissions, pioneering a circular economy in construction, unlocking new customer bene... |
Dragon Product to close Thomaston plant11 September 2023, Published under Cement NewsDragon Products Co , part of Giant Cement Holdings Inc (GCHI), announced it plans to shut down its cement plant in Thomaston , Maine, USA. “The facility, which has been operational for almost a century and has been under GCHI’s ownership since 2006, will undergo a gradual process of idling the production operations beginning December 2023. This careful step has been prompted by the persistent escalation of operating and logistical costs, exerting a negative impact on the Thomaston plant... |
New partnership created between IKN and Kima Process Control11 September 2023, Published under Cement NewsA new cooperation has been formed between IKN GmbH and Kima Process Control GmbH. This collaboration is aimed at optimising energy recuperation and reducing the carbon footprint in clinker production by integration of advanced artificial intelligence (AI). By consolidating the expertise of Kima Process in process automation and IKN as a process expert and equipment supplier for clinker production, this synergy will lead to more streamlined and efficient operations and highly reliable ... |
Rhône Ciments appoints new director11 September 2023, Published under Cement NewsGuillaume Montclair joined Cem‘In’ EU ’s Rhône Ciments plant on 6 September, as director of the Rhône Ciments plant. Mr Montclair has a long and recognised experience in plant management in various industrial sectors (building materials such as glass and plaster, plastics and composite materials, etc) and in particular in contexts of support for continuous improvement and performance development strategies. |
Argos and Summit Materials to combine US operations08 September 2023, Published under Cement NewsCementos Argos has agreed to combine its operations in the USA with Summit Materials Inc , aiming to create a leading building materials platform on national scale. Cementos Argos (Grupo Argos) has entered into a definitive agreement with Summit Materials, under which they will combine their operations in the US to create a leading platform in the building materials industry. The agreement will have a component of stock consideration worth approximately US$2bn and cash payment of appro... |
Maple Leaf Cement FY22-23 profit increases by 24%08 September 2023, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCF), subsidiary of Kohinoor Textile Mills , announced its financial results for FY22-23 on 6 September 2023. The company posted earnings of PKR4.49bn (US$14.65m) from PKR3.62bn during this period, up 23.9 per cent YoY. The improved profit was supported by higher sales, better retention prices and other income. According to MLCF filing to the Pakistan Stock Exchange (PSX), its net sales increased by 28 per cent to PKR62.07bn YoY. MLCF incurred a distribu... |
Birla Corp announces expansions in FY25-2607 September 2023, Published under Cement NewsBirla Corp , the flagship company of MP Birla Group , is planning to increase cement production to 25Mta by the end of financial year 2025-26. The existing capacity of Birla Corp headed by Harsh V Lodha stands at about 20Mta. The company is planning to ramp up its production capacity from a greenfield cement plant at Mukutban near Nagpur, setting up a setting up a second clinker unit at Maihar in Madhya Pradesh and constructing new grinding units in north India. “With the commissio... |
Profit of Cherat Cement shrinks by 1% in FY22-2307 September 2023, Published under Cement NewsCherat Cement Co Ltd ( Ghulam Faruque Group ) has announced its financial results for the year ended 30 June 2023 by declaring a net profit of PKR4.40bn (US$14.3m) as compared to PKR4.45bn in the same period last year. This translates into a profit shrinkage of 1.2 per cent in FY22-23 due to high finance, distribution, administration and taxation. The decline is majorly attributable to increased financial charges and higher taxation by AKD Research. The financing rose 41 per cent to PKR... |
Lucky Cement invested PKR100bn in the last few years07 September 2023, Published under Cement NewsLucky Cement ( Yunus Brothers Group) has invested over PKR100bn (US$325.3m) in the past 4-5 years, which includes PKR30bn in Lucky Electric Power Co (LEPCL), PKR50bn in cement operations and PKR15bn in auto segments. A top official of Lucky Cement shared this information during last week's corporate briefing. It is important to note here that during FY22-23, company profitability was down due to cement demand contraction and the imposition of super tax. Its local cement volumes were ... |