Cement News tagged under: corporate
CEMEX celebrates 25 years of Patrimonio Hoy20 July 2023, Published under Cement NewsPatrimonio Hoy, the flagship of CEMEX ’s social impact strategy, celebrated 25 years of transforming people's lives on 19 July, 2023. Launched in Mexico in 1998, the programme aims to provide access to “dignified, resilient housing” by offering expert building advice, access to micro financing, and building materials. By the end of 2022, the Patrimonio Hoy programme had benefitted 650,000 families, representing over 3m people. According to the company, it was “born from a deep understan... |
Salonit Anhovo to become Alpacem Cement Slovenia20 July 2023, Published under Cement NewsSlovenia’s Salonit Anhovo is changing its name to Alpacem Cement Slovenia. The announcement was made following the company’s general meeting on 14 July 2023. “We have been considering changing the brand for several years, now we think the moment is right,” says Tomaž Vuk, company president. He added that there has been a trend in the cement industry for “brands to connect into larger entities” to provide additional security for customers and enable them to “cope with the new challenges... |
HeidelbergCement India reports marginal uptick in revenue19 July 2023, Published under Cement NewsHeidelbergCement India has reported revenue of INR5956.4m (US$72.5m) in the first quarter of FY2023-24 ended 30 June 2023. This is up marginally on the INR5898m seen in the same period a year earlier. Net profit over the same timeframe advanced 1.37 per cent to INR523.2m as fuel and packaging costs eased. The company’s total expenses over the quarter were INR5389m, up 1.51 per cent YoY, while sales volumes improved 8.2 per cent. HeidelbergCement India currently runs operations in ... |
China Shanshui issues profit warning19 July 2023, Published under Cement NewsChina Shanshui Cement Group Ltd has issued a profit warning for the opening six months of 2023. The company has said that it expects to report a YoY fall in profit of 145-150 per cent compared to the same period a year earlier. According to the company, the contraction is due to the lower price of its cement products over the six-month period. |
INSEE Cement offers cement to war veterans and their families19 July 2023, Published under Cement NewsSri Lanka’s INSEE Cement has signed a Memorandum of Understanding (MoU) with the country's Ministry of Defense to provide cement at a concessionary price to families of war veterans who have been disabled or killed in combat. The MoU forms part of a broader initiative by the cement producer launched earlier this year to provide lower-priced cement to all Tri-armed forces personnel in recognition of their services to Sri Lanka, reports ColomboPage. Under the agreement, each family will be e... |
Votorantim to receive US$150m loan for Salto plant18 July 2023, Published under Cement NewsThe International Finance Corp (IFC) has proposed a US$150m investment 'A Loan' to Votorantim Cimentos SA for a capex project to enhance the cement co-processing capacity of Salto’s plant , in São Paulo State, Brazil, by upgrading kiln W4 and building a new residue-derived fuel (RDF) facility for refining solid non-hazardous and hazardous waste with an installed capacity of 120,000tpa. Currently, the Salto plant substitutes fossil fuels with approximately 34 per cent of alternative f... |
FLSmidth sells AFT filter media business14 July 2023, Published under Cement NewsFLSmidth has sold its filter media business, AFT®, to the Micronics Engineered Filtration Group. AFT was started by FLSmidth in 1999 and was known previously as Advanced Filtration Technologies. The acquisition of AFT significantly expands Micronics’ portfolio of engineered filtration solutions to better serve customers’ baghouse filtration needs in industries such as cement, lime, coal-fired power utilities, energy from waste, co-generation, mining, and minerals, where the demand for high-t... |
Holcim receives EU Innovation Fund grants for CCUS projects14 July 2023, Published under Cement NewsHolcim has been selected for three grants from the European Union Innovation Fund for breakthrough carbon capture utilisation and storage (CCUS) projects in Belgium, France and Croatia. According to the company, the projects were selected for their highly scalable profile, mature technologies, and advanced partnerships to advance the EU’s Green Deal, putting clean technologies to work for a net-zero future. The three projects are the Go4Zero project in Belgium, which aims to capture and... |
Heidelberg Materials announces closed-loop recycling project13 July 2023, Published under Cement NewsAs part of its decarbonisation strategy, Heidelberg Materials is pioneering a large-scale closed-loop recycling project called CIRCO₂BETON®. As a first in France, the company will install an industrial-scale selective separation platform at its Achères quarry near Paris, where demolished concrete will be crushed using novel processes and separated into its components: sand, aggregates, and recycled concrete paste (RCP). The high-quality recycled sand and aggregates will be reincorporat... |
Oman Cement Co sees net profits rise 32% in 1H2313 July 2023, Published under Cement NewsOman Cement Co , which is listed on the Muscat Stock Exchange, has achieved a 32.02 per cent increase in net profit for the first half of 2023. According Oman Cement’s financial statement, it achieved annual profits of OMR4.19m for the 1H23, surpassing the OMR3.17m achieved in the 1H22. The company saw revenue growth of 5.13 per cent in the 1H23 and revenue totalled IMR36.76m, up from OMR34.96m in the 1H22. |