Cement News tagged under: corporate
Nickel miner FNI to diversify into cement30 June 2023, Published under Cement NewsPhilippines-based nickel miner, Global Ferronickel Holdings Inc (FNI), is reportedly looking to expand into the cement industry, adding to its existing nickel and ports businesses. According to Malaya Business Insight, the company is hoping to tap into the significant growth potential of the construction and infrastructure sectors. FNI is also looking to establish a battery-grade nickel plant and a steel plant to take advantage of the current opportunities in the renewable energy and electr... |
Ramco Cement commissions Line 3 at Raja Nagar30 June 2023, Published under Cement NewsRamco Cements has commissioned Line 3 at its Ramamasamy Raja Nagar plant in Tamil Nadu, India. This marks the first integrated cement line in the region in the last 15 years, according to Construction Week. Commissioned one month ahead of schedule, the new line’s electricity requirement will be met from Ramco’s own wind farm. Line 3 will not only produce Ramco’s special cement, Ramco 53 Infra Super, used for high-tech concrete structures, which reduces the use of admixtures and the qu... |
Holcim Philippines to delist from Philippine Stock Exchange30 June 2023, Published under Cement NewsHolcim Philippines is voluntarily delisting from the Philippine Stock Exchange (PSE) after its major shareholder Holderfin BV acquired additional Holcim shares from Sumitomo Osaka Cement. The deal resulted in Holcim’s public float falling to 5.05 per cent, below the required 10 per cent minimum for listed firms. In the deal, which was completed on 29 July, Holderfin purchased 594.9m common shares from Sumitomo Osaka, equivalent to 9.22 per cent of the company’s outstanding capital sto... |
Birla Corp targets 15% sales volume growth in FY23-2430 June 2023, Published under Cement NewsIndia’s Birla Corp Ltd (BCL) has forecast sales volume growth of 15 per cent in FY24, on the back of infrastructure investment and ongoing government projects. The company reported 11 per cent growth in sales volumes in FY22-23 to 15.73Mt, reports BusinessLine Online. Further expansion in FY23-24 will be driven by projects, such as the Indian government's affordable housing initiative, Pradhan Mantri Awas Yojana, which is perfectly placed for BCL, which primarily operates in the rural m... |
Ambuja Cement reports revenue of US$4746m29 June 2023, Published under Cement NewsAmbuja Cement , part of the Adani Group , has reported revenue from operations of INR389,370m (US$4746m) in FY22-23. EBITDA came in at INR58,600m, with an EBITDA margin of 15 per cent, while profit before tax stood at INR37,290m. The company has changed its financial year end so these latest results cover 1 January 2022 to 31 March 2023, a total of 15 months, so are therefore not comparable with the figures for the 12 months ended 31 December 2021. Profit after tax was reported as INR3... |
Breedon and First Graphene to trial graphene-enhanced cement29 June 2023, Published under Cement NewsAustralia-based First Graphene has commenced trials on graphene-enhanced cement and concrete at Breedon ’s Hope cement plant in the UK. Around 2000t of graphene-enhanced cement will be produced at the plant, using First Graphene’s PureGRAPH product. The trial aims to further validate the CO 2 reduction benefits of adding graphene to the cement production process. According to Manufacturers Monthly, approximately 1.2t of PureGRAPH 50 is being used in the trial, testing multiple dispe... |
Cahya Mata adds new clinker line29 June 2023, Published under Cement NewsMalaysian cement producer Cahya Mata Sarawak Bhd has been given approval to build a 1.9Mta clinker line in Kuching, Sarawak. The MYR750m (US$160.6m) line will have a production capacity of 6000tpd and is expected to take 36 months to complete, reports The Star. The company currently runs 2.75Mta of cement capacity, sufficient to meet Sarawak’s demand of ~1.5Mta. However, the construction of Indonesia’s new capital city Nusantara is expected to see demand in the region reach 21Mta over ... |
ACC reports revenue of US$2706m29 June 2023, Published under Cement NewsIndian cement producer ACC Ltd has reported revenue from operations of INR222,100m (US$2706m) in FY22-23. EBITDA came in at INR22,560m, while profit after tax stood at INR8700m. The company has changed its financial year end so these latest results cover 1 January 2022 to 31 March 2023, a total of 15 months, so are therefore not comparable with the figures for the 12 months ended 31 December 2021. Profit before tax was reported as INR11,820m while earnings per share were INR46 over the sam... |
Concrete Europe welcomes new president29 June 2023, Published under Cement NewsConcrete Europe warmly welcomes Marco Borroni as its new president, who is also the former president of ERMCO (the European Ready Mixed Concrete Organisation). Borroni succeeds Norbert Schröter, who has effectively steered the organisation in the last years. Under Schröter's leadership, Concrete Europe has kept playing an instrumental role in conveying the concrete sector’s pivotal role in achieving the objectives of the EU Green Deal to policymakers and stakeholders alike. Borroni... |
Chryso & GCP optimise service and production capacities in North America29 June 2023, Published under Cement NewsChemical additive producers Chryso & GCP (Saint-Gobain Construction Chemicals) have announced significant projects across North America to optimise services and extend production capabilities to new regions for its customers. To deliver the newly combined product solution portfolio to regions of North America where they are needed the most, the integration of manufacturing both CHRYSO and GCP products is underway. The first completion is the company’s Royse City, Texas plant, which now manu... |