Cement News tagged under: corporate
TITAN Group completes Kamari plant modernisation28 June 2023, Published under Cement NewsTITAN Group has announced the successful completion of a EUR26m green investment at the Kamari cement plant in Greece, marking a significant milestone in the group's decarbonisation programme. The investment entailed the installation of state-of-the-art precalciner technology, which is now fully operational at the plant. The integration of the new precalciner technology allows TITAN to expand its range of lower-carbon cements, meeting the increasing demand from customers in Europe and... |
Heidelberg Materials opens new rail link in France28 June 2023, Published under Cement NewsHeidelberg Materials , a major player in the use of rail freight in France, is further developing its modal shift by activating a new rail line between its Couvrot plant and its distribution centre in Guerville in Ile-de-France. This new flow began on 1 May 2023 with a rotation of 1220t every week. Over a full year, this will represent 47 trains or 57,340t of cement that will have transited by rail. |
UltraTech Cement listed in 'Best of Indian Brands 2023'28 June 2023, Published under Cement NewsUltraTech Cement Ltd has ranked 28th in Interbrand’s ‘Best Indian Brands 2023’ ranking list. UltraTech is the only cement brand to be featured in the 2023 list. Interbrand, a leading global brand consultancy firm, recently unveiled the ‘Best Indian Brands 2023’ rankings. UltraTech has been one of the only few brands that has been part of the Best Indian Brands table since its inception in 2014. As per Interbrand’s report, UltraTech has maintained its position in the Best Indian Brands l... |
Adani Group rebuilds investor confidence27 June 2023, Published under Cement NewsThe Adani Group, which owns Ambuja Cements and ACC Ltd , is reportedly targeting 20 per cent YoY growth in pretax profits to INR900,000m (US$10,971m) within the next 2-3 years. According to Live Mint, the growth is expected to come from various sectors, including cement, airports, energy, logistics and power. The group has recently repaid loans amounting to US$2.65bn as part of a prepayment programme to reduce overall leverage and regain investor confidence following a negative report by ... |
Aggregate Industries debuts London's first electric concrete mixer27 June 2023, Published under Cement NewsAggregate Industries (part of Holcim ) has announced the launch of London’s first electric-powered concrete mixer. The state-of-the-art 26t mixer will serve the company’s London Concrete arm, supplying essential ready-mix concrete materials across the capital. Expected to be put to immediate use, the custom-built Renault Trucks vehicle will constitute the second operational electric mixer truck in the UK and the first of its kind operating in London. The launch is the result of a part... |
Lafarge Africa launches Eco Label27 June 2023, Published under Cement NewsLafarge Africa Plc (part of Holcim ) has announced the launch of its Eco Label branding to help communicate the environmental benefits of its sustainable building solutions and build on the company’s net zero pledge. Eco Label represents a broad range of green cements for high performance, sustainability and circular construction, says the cement producer, Lafarge’s UniCem brand, which contributes about 23 per cent of the company’s entire volume, is now eco-friendly. Products that ar... |
Power Cement reprofiles outstanding long-term obligations27 June 2023, Published under Cement NewsPower Cement Ltd 's Company Secretary, Salman Gogan, informed Pakistan Stock Exchange (PSX) that in the wake of rising inflationary pressures, high-interest rates and depressed local demand, the company has finalised an arrangement with a local syndicate of banks to re-profile its outstanding long-term obligations of PKR11.9bn (US$41.8m). The local syndicate of banks, in respect of their long-term debt, has favourably agreed on the following salient terms: four biannual principal re... |
Chovet joins World Cement Association27 June 2023, Published under Cement NewsIndustrial engineering services company Chovet has the World Cement Association (WCA) as an associate corporate member. Chovet, based in Lyon, France, has been designing and building cement, lime, and various mineral treatment plants for over 50 years, collaborating with partners ranging from Lafarge, Holcim, Heidelberg Materials, Vicat, Cem’In’Eu, Al Safwa, to the Ministry of Economy and Finance in Benin, on industrial engineering projects across the globe. Chovet’s work also encompas... |
Derba Cement to expand capacity to 15,000tpd26 June 2023, Published under Cement NewsEthiopia-based Derba Midroc Cement , part of the Midroc Ethiopia plc , plans to expand its cement capacity to double its daily production to 15,000tpd with a new plant in Mughar Valley, Oromia – not far from its existing plant. When completed, the producer will be the largest cement producer in Ethiopia. To implement the project, Derba looks to sign an agreement with China National Building Materials (CNBM) this week. Prior attempts to expand the production capacity in 2017 were const... |
Ambuja Cements and ACC scoop sustainability awards26 June 2023, Published under Cement NewsAmbuja Cements and ACC , part of the Adani Group , have been recognised among ‘India's Top 50 Most Sustainable Companies’ by BW Businessworld. Ambuja Cements has also been named among ‘India’s Top 3 Most Sustainable Companies in the Infrastructure and Engineering Sector’ on the back of its “dedication to sustainability and outstanding success”, according to the company. Ajay Kapur, CEO, cement business, said, “We are immensely proud that both Ambuja and ACC have been recognised among... |