Cement News tagged under: corporate
Taiheiyo to build new terminal in Philippines22 August 2023, Published under Cement NewsJapan-based Taiheiyo Cement Corp (TCC) will build a new cement terminal in Calaca, Batangas, Philippines, to enable the company to serve the Luzon market from its pant in San Fernando, Cebu. Taiheiyo Cement Philippines Inc (TCPI) will build and operate the planned hub to distribute its Grand-branded cement products, according to TCC President and Representative Director, Masafumi Fushihara. The 0.7Mta project is the next step in serving a market that TCPI has estimated to have increase... |
Judge blocks acquisition of Tanga Cement in Tanzania22 August 2023, Published under Cement NewsThe proposed acquisition of AfriSam subsidiary, Tanga Cement , by Heidelberg Material 's Scancem International DA has hit a snag as a tribunal judge ruled a decision to accept the deal to be against the law. Judge Salma Maghimbi of The Fair Competition Tribunal (FCT) in Tanzania, has ruled the decision by the Federal Competition Commission (FCC) to accept the merger was wrong, stating that the FCC does not have jurisdiction over the matter. Chalinze Cement of Tanzania has also oppose... |
Heidelberg Materials sells Gambia terminal22 August 2023, Published under Cement NewsHeidelberg Materials has completed the divestment of its Gambian business with the sale of its cement terminal in Banjul to B5 Plus for an undisclosed sum. The divestment is part of Heidelberg Materials’ ongoing portfolio optimisation focussing on the most promising and strongest market positions. In 2021 Heidelberg Materials had already sold its subsidiary Leocem in Sierra Leone. Going forward, the buildings material producer will serve its west African customers through its Benin, Bur... |
Unacem sees 9% advance in 2Q revenues21 August 2023, Published under Cement NewsPeruvian Unacem Group saw a nine per cent increase in its 2Q revenues to PEN1559m (US$419.8m) in the 2Q23. The advance was attributed mainly to the incorporation of thermo-electric company Termochilca last May. In the core cement and ready-mix concrete businesses, sales volumes in Peru and Chile fell with sales in Peru, down 13.2 per cent YoY. "The incorporation of Termochilca and higher sales prices in all units helped to offset the sharp drop in cement dispatches in Peru, which was af... |
TARA and Swiss government sign LC3 agreement in Nepal21 August 2023, Published under Cement NewsTechnology and Action for Rural Advancement (TARA) signed an agreement on 17 August 2023 with the Swiss Federal Department of Foreign Affairs acting through the Embassy of Switzerland in Nepal for Limestone Calcined Clay Cement (LC3) feasibility studies in Nepal. TARA was represented by Dr Soumen Maity, chief technology officer and Dr Debojyoti Basuroy, senior manager and business lead. The Embassy of Switzerland in Nepal was led by Matthias Meier, head of cooperation and Antonia Elena Fluck... |
Mayur appoints CEO of Central Lime Project21 August 2023, Published under Cement NewsMayur Resources Ltd of Papua New Guinea has appointed John McBride as CEO of the company’s Central Lime project. Mr McBride has extensive technical, operational and commercial experience in global materials companies. He was the CEO of Sibelco’s Lime Division and most recently president of APAC at lime company Graymont. Mayur’s Managing Director, Paul Mulder, said: "We are excited to have attracted talent of the calibre of John to lead our Central Lime Project. John’s industry, developmen... |
Crown Cement to purchase Matarbari fly ash21 August 2023, Published under Cement NewsBangladesh-based Crown Cement plc will buy fly ash from the Matarbari 2x600MW ultra supercritical coal-fired power plant as raw material for cement production, according to the Daily Star. The company is expected to sign a joint venture agreement with the power plant, according to Md Mozharul Islam, Crown Cement’s company secretary. The fly ash supply will enable Crown Cement to be less reliant on imported fly ash and reduce transport costs. |
South Valley Cement narrows loss in 1H2318 August 2023, Published under Cement NewsEgyptian cement producer South Valley Cement has announced sales of EGP464.01m (US$15.02m) in the first half of 2023, up from EGP326.11m in the same period a year earlier. The 1H23 saw the company post a net loss of EGP76.25m, down 35 per cent YoY from the EGP117.01m loss seen in the opening six months of 2022. South Valley Cement, part of Building Materials Industries Co , currently runs one cement plant, located in Beni Suef. |
Pakistan's cement industry’s mixed financial results await at PSX18 August 2023, Published under Cement NewsCement producers have started posting their financial results on the Pakistan Stock Exchange (PSX) for 4QFY22-23 and the full year of 2023. Mixed results are expected, yet Spectrum Research has stated that higher financial costs and super tax reduce profitability. It adds sluggish economic activities, leading to a decline in the country’s construction materials demand, mainly cement and steel. The higher inflation and low purchasing power also contributed to a reduction in cement dispa... |
Lehigh Hanson Cupertino facility to permanently shut18 August 2023, Published under Cement NewsLehigh Hanson will not be able to restart cement production at its plant and quarry near Cupertino after a legal ruling by Santa Clara County. Earlier this week, the Santa Clara County Board of Supervisors unanimously agreed that the kiln, which has been closed since April 2020, would not reopen, reports The Mercury News. Local residents and environmental groups have been campaigning for the closure of the plant for years over concerns regarding pollution. Lehigh Hanson announced in 2021 ... |