Cement News tagged under: corporate
Sika acquires Thiessen Team USA07 July 2023, Published under Cement NewsSika has acquired Thiessen Team USA, a US manufacturer of shotcrete and grouting products for the mining industry. The acquisition will open up significant cross-selling potential and will support Sika’s expansion in the US mining market, says the company. Thiessen operates two production facilities, strategically located close to large mines in the western US area. Increasing sustainability requirements in mining operations represents a significant potential for Sika’s robust range... |
UNACEM Peru sees 20% uptick in sales and record production in 202206 July 2023, Published under Cement NewsPeru-based UNACEM saw its net cement sales increase by 19.7 per cent YoY to PEN2655m in 2022, according to its 2022 integrated report. Total sales reached PEN2835m. EBITDA reached PEN882.3m, up 16.9 per cent YoY when adjusted for other income and costs, while net profit stood at PEN421.5m, up 6.6 per cent YoY. Dispatches increased to 6.666Mt in 2022. Bagged cement dispatches accounted for 68.9 per cent of its sales while bulk cement took a 31.1 per cent share. In addition, the company br... |
Hoffmann Green signs agreement with French landlord06 July 2023, Published under Cement NewsVendée Habitat, a social landlord in the Pays de la Loire region in France, with around 18,000 homes under its management, has signed an agreement with Hoffmann Green Cement Technologies to specify and promote concrete made with Hoffmann Green's clinker-free cement in all future building programmes throughout the Vendée region. The agreement forms part of Vendée Habitat’s low-carbon development strategy. The collaboration will enable the landlord to build new homes that meet the low-ca... |
Lafarge Africa's Roadcem gets government approval in Nigeria06 July 2023, Published under Cement NewsLafarge Africa ’s road cement brand Roadcem has been approved for use by the Federal Ministry of Works and Housing in Nigeria. The product which is environmentally friendly increases the strength and bearing capacity of roads, reduces the thickness of the pavement structure, and modifies the chemical and mineral structure of soil materials. In Nigeria there is high variability in the quality of soil across the country. The use of traditional methods of excavating, placing and compacting ... |
LIC reduces stake in India Cements Ltd06 July 2023, Published under Cement NewsIndia-based Life Insurance Corp (LIC) has reduced its stake in India Cements Ltd from 5.87 per cent to 3.83 per cent. The reduction has taken place between November 2017 and July 2023. LIC now holds 11.9m shares in the cement producer. India Cements currently runs eight integrated plants and two grinding units across India, with a total cement production capacity of around 15.5Mta. |
Indian cement demand to rise 7-8% in FY2405 July 2023, Published under Cement NewsCement demand in India is expected to expand by 7-8 per cent YoY in FY23-24, according to ICRA, the India-based rating agency. Cement prices, meanwhile, are forecast to remain on a par with FY22-23. In a recent report by ICRA, the agency found that cement volumes in April 2023 were up 12 per cent YoY at 36.6Mt. Volumes in FY22-23 showed a nine per cent expansion to 391Mt. This growth was driven by demand from the housing and infrastructure sectors and due to the low base effect of 1QFY21... |
Tudela Veguin to invest EUR62.5m in decarbonisation measures05 July 2023, Published under Cement NewsCementos Tudela Veguín SA , part of Corp Masaveu , will invest EUR62.5m in energy efficiency and the use of biomass and hydrogen if it obtains funds from the EU. The plan is to guarantee the future of its plants in Asturias and León, Spain. Approximately EUR36m will be invested in its Aboño plant, EUR14.5m in Tudela Veguín and EUR3m in lime producer Caleras de San Cucao – all located in Asturias. In addition the La Robla unit in León will receive EUR9m if the company’s application fo... |
Orient Cement sees revenue advance in FY22-2305 July 2023, Published under Cement NewsOrient Cement , part of the CK Birla Group, has reported total income of INR29,375.5m (US$358.2m) in its FY22-23 annual report (FY21-22:INR27,350m). EBITDA over the same period came in at INR3765.6m (FY21-22:INR6006m), with an EBITDA margin of 12.8 per cent, while profit after tax stood at INR1228.2m (FY21-22:INR2633m). Earnings per share over the 12 months were reported at INR5.99. According to Chandrakant Birla, chairman, Orient Cement, “The government’s focus on infrastructure develo... |
Aggregate Industries opens new RMC plant in Birmingham, UK05 July 2023, Published under Cement NewsAggregate Industries has opened a second ready-mix concrete plant in Birmingham to increase its capacity and meet rapidly-growing demand in and around the UK’s second-largest city. The new, high-capacity site is located in Aston and will operate alongside its sister plant in Bordesley Green. Both sites are less than three miles from the city centre, making Aggregate Industries well placed to maintain its position as supplier of choice for major construction and infrastructure projects in B... |
InterCement sells African businesses to Huaxin Cement04 July 2023, Published under Cement NewsInterCement Participações S.A . has reached an agreement with Huaxin Cement Co Ltd regarding the sale of InterCement’s businesses in Mozambique and South Africa. Following the announcement of the sale of InterCement's operations in Egypt in January 2023, the sale of the remaining Mozambique and South Africa businesses further positively contributes to the group's ongoing liability management plans and the acceleration of InterCement’s broader strategic review to return focus to its core m... |