Cement News tagged under: corporate
Holcim acquires UK-based Land Recovery05 June 2024, Published under Cement NewsHolcim has completed the acquisition of Land Recovery in the UK, advancing its capabilities in circular construction. A leading UK supplier of primary and recycled materials, Land Recovery turns rail ballast into new solutions for the UK rail network as well as supplying construction demolition materials for the production of ready-mix, precast concrete and asphalt. The acquisition expands Holcim’s access to construction demolition materials, with Land Recovery recycling more than 300,000t... |
Fives Pillard appoints new MD05 June 2024, Published under Cement NewsFives Pillard has announced the appointment of Xavier Nicolas as the new managing director of Fives Pillard, in Marseille, France. Mr Nicolas will oversee the operational management of the company and the development of its activity, notably its combustion systems and digital solutions offer to decarbonise the cement and energy industries. Mr Nicolas joined the Fives group two years ago as the managing director of Fives Cryomec in the cryogenics sector. |
Sagar Cements posts 15% YoY production growth04 June 2024, Published under Cement NewsIndia's Sagar Cements Ltd has reported cement production of 5.47Mt in FY23-24 (1 April 2023-31 March 2024), up 15 per cent YoY. Clinker production over the same period improved by 22 per cent to 4.36Mt. Net sales in FY23-24 came in at INR24,982.5m (US$299m), marking an advance of 12 per cent YoY, while EBITDA expanded by 61 per cent to reach INR2459.1m. Profit after tax in FY23-24 stood at a loss of INR520.5m, compared to a gain of INR96.1m in the previous year, while earnings per share... |
CEMARK ready to play its part in Ukraine's recovery04 June 2024, Published under Cement NewsCEMARK ( CRH Group ) Director of Strategy and Development, Mykhailo Bechkalo, is confident that CEMARK will play a big role in the reconstruction of Ukraine. Mr Bechkalo believes that the cement industry is a strategically important sector for recovery. He spoke about this in a new material for the Ministry of Finance. “Significant investments are needed to modernise part of the industry and meet market needs. CRH is a leading global provider of building materials solutions. Operating under... |
Sinai Cement sees net sales fall in 1Q2403 June 2024, Published under Cement NewsSinai Cement saw its consolidated net sales fall to EGP1.16bn (US$24.5m) in the first quarter of 2024 (ended 31 March). This compares to EGP1.24bn in the same period a year earlier. Consolidated net profit in the 1Q24 came in at EGP30.11m, versus a net loss of EGP58.47m in the 1Q23. Earnings per share in the three-month period stood at EGP2.26, against a loss of EGP0.44 in the same period a year earlier, reports Zawya. On a standalone basis, net profit in the first three months of 2024... |
Barak Valley Cements posts revenue growth YoY31 May 2024, Published under Cement NewsIndia-based Barak Valley Cements has reported consolidated total revenue of INR709.5m (US$8.5m) in the quarter ended 31 March 2024, up from INR616.1m in the same period a year earlier. A net loss of INR11.7m was seen in the 2024 quarter, compared to a profit of INR12.8m in the quarter ended 31 March 2023. Total expenses over the same time frame advanced from INR584.4m to INR685.5m, driven primarily by the cost of materials consumed. Basic earnings per share declined from INR0.58 in the... |
Heidelberg Materials UK contributes to RHS Chelsea Flower Show31 May 2024, Published under Cement NewsHeidelberg Materials UK has contributed to the Chelsea Repurposed Garden at this year’s Royal Horticultural Society (RHS) Chelsea Flower Show held in London. The RHS Chelsea Repurposed Garden was designed by Cityscapes. “To build a sustainable and adaptive future, we need to look at ways to reuse and recycle the materials we already have,” said the garden’s designer, Darryl Moore. “To this end, nearly everything in this RHS feature garden has lived at least one life already – much of i... |
CEMEX supplies Miami's Okan Tower31 May 2024, Published under Cement NewsCEMEX has supplied the concrete for the massive foundation pour for Okan Tower, a 70-storey mixed-use tower that will be one of Miami's tallest buildings. The foundation pour required 1200 concrete trucks, approximately 10,000yd 3 of concrete, a crew of 300 working 36 hours straight and 160 drivers. Designed by Behar Font & Partners, Okan tower will have a hotel, residences, office space, and a curved silhouette inspired by a tulip. It will offer panoramic views of the city and the ba... |
Heidelberg Materials launches Green Finance Framework30 May 2024, Published under Cement NewsHeidelberg Materials has announced the launch of a Green Finance Framework to help fund the ongoing transformation and decarbonisation of the building materials sector. The company intends to issue Green Bonds to finance and/or refinance assets and capital expenditure associated with economic activities that meet or will meet the eligibility criteria defined in the Green Finance Framework. According to Heidelberg Materials, this will complement the sustainable finance portfolio contrib... |
Ecocem supports Irish government's 30% target for clinker reduction30 May 2024, Published under Cement NewsThe Irish government has announced that it will provide specific guidance for the use and procurement of low-carbon cement and concrete in public sector projects. Cement accounts for almost five per cent of Ireland’s total emissions. Specifically, the government has formally mandated a 30 per cent target for clinker reduction and Ireland is the first country in Europe to do this. Since clinker is the source of over 90 per cent of emissions from cement and cement in Ireland currently averages... |