Cement News tagged under: corporate
Nuvoco Vistas completes AF projects at Risda and Nimbol04 July 2023, Published under Cement NewsNuvoco Vistas Corp Ltd announced the completion of its alternative fuel resource (AFR) project at Risda cement plant in Chhattisgarh, and Nimbol cement plant in Rajasthan. The new AFR systems enable the cement plants to use agricultural waste, refuse-derived fuel (RDF), plastic waste, municipal waste, biomass, tyre chips and other hazardous waste sources. Nuvoco Vistas MD, Jayakumar Krishnaswamy, stated. "As part of our PROTECT OUR PLANET agenda, we view the AFR project as an impor... |
Shree Cement reports 18% YoY revenue growth04 July 2023, Published under Cement NewsShree Cement has reported revenue from operations of INR168,374m (US$2055m) in FY22-23 (ended 31 March 2023), up 18 per cent YoY from INR143,060m in FY21-22. EBITDA in FY22-23 came in at INR33,737m, with profit after tax of INR13,281m. The company registered total sales volumes of 31.82Mt in FY22-23, marking growth of 15 per cent YoY. According to the company this growth was driven by increased government spending and higher demand for housing. Cement production in FY22-23 was 31.21Mt,... |
Khayah Cement boosts capacity to 1Mta04 July 2023, Published under Cement NewsZimbabwe-based Khayah Cement (previously Lafarge Cement Zimbabwe) has announced that it doubled its milling capacity in 2022. The second half of the year saw the company successfully commission its new vertical cement mill (VCM) at its Manresa plant, and subsequently decommission Mill 1 following the collapse of the mill house roof in the 4Q21. The new VCM has boosted the company’s milling capacity to 1Mta and bolstered its ability to supply high-strength cement of improved quality, ... |
Aggregate Industries targets cement tanker driver safety04 July 2023, Published under Cement NewsAggregate Industries and its Lafarge Cement business have partnered with hauliers Simon Gibson Transport and Lomas Distribution to produce a new training package to address a significant industry gap for cement tanker driver training. The new bespoke training, the Cement Drivers Skills Qualification (CDSQ), has received CPC accreditation and recognises the necessary specialist training and accreditation required for the niche skillset and will help raise safety standards Currently all d... |
Adbri names new CFO04 July 2023, Published under Cement NewsAdbri Ltd has appointed Jared Gashel as its new chief financial officer, effective 5 July 2023. Mr Gashel has more than 20 years’ financial experience in multiple industries working across three continents. Prior to joining Adbri, he was acting chief financial officer at Boral Ltd between April 2022 and March 2023 and previously held the position of executive general manager group finance and property at Boral. Prior to his time at Boral, Mr Gashel held multiple senior finance execut... |
UltraTech sales advance 20% in 1QFY23-2403 July 2023, Published under Cement NewsUltraTech has announced 20 per cent YoY growth in sales volumes in India in the opening quarter of FY23-24 (March-June 2023). Volumes over the three-month period came in at 29.01Mt, compared to 24.2Mt in the same period a year earlier and 30.49Mt in the last quarter of FY22-23. In 1QFY23-24 grey cement volumes advanced by 20 per cent YoY to 28.6Mt, while white cement volumes improved by 12 per cent to 0.41Mt. QoQ growth in the 1QFY23-24 was down five per cent for grey cement and declin... |
Shree Cement commissions Purulia plant03 July 2023, Published under Cement NewsShree Cement announced the completion of its INR5.5bn greenfield cement plant in Purulia, Bengal, India. The 3Mta cement plant is its first production facility in Bengal and has started trial production on 30 June 2023. Entirely financed by internal acrruals, the Purulia works will serve the growing cement demand in Bengal and Jharkand markets, according to Neeraj Akhouri, Shree Cement’s MD. The project has increased the company’s cement capacity to approximately 50Mta across 15 plants... |
CEMEX's Regenera expands Mexican operations03 July 2023, Published under Cement NewsCEMEX ’s circular waste management business, Regenera, is expanding its operations in Mexico with the opening of a new facility in partnership with leading waste collection company PASA. The partnership between Regenera and PASA will support the Mexican city of Puebla’s efforts to become a zero-waste city. Puebla’s solid municipal waste will be sorted at the new joint facility. After separating out all recyclable waste, the remaining waste will substitute fossil fuels at CEMEX’s nearby... |
Sika continues Indian expansion03 July 2023, Published under Cement NewsSika is opening a new plant in Kharagpur, eastern India, as it continues to expand its production capacity in the Indian market. The plant will manufacture mortar products, concrete admixtures, and shotcrete accelerators for customers in the West Bengal region, which has more than 100m inhabitants. Alongside state-of-the-art manufacturing lines, the new factory includes office space, laboratories, and warehousing and logistics. Sika now has twelve manufacturing facilities in India and h... |
Material Evolution secures funding to scale up low-carbon cement production30 June 2023, Published under Cement NewsUK-based Material Evolution, an advanced materials company producing low-carbon cement from industrial waste streams, has secured GBP15m (US$18.9m) in funding to scale up production of its low carbon cement, which offers an 85 per cent lower carbon footprint than ordinary Portland cement. The company has developed an innovative, low-energy, low-capex manufacturing process that uses zero heat and solves the high CO 2 emission problem in conventional cement production, explains Business... |