Cement News tagged under: corporate
Barak Valley Cements announces resignation23 June 2023, Published under Cement NewsIndia-based Barak Valley Cements Ltd has announced the resignation of director, Dhanpat Ram Agarwal, with immediate effect, reports Dow Jones Newswire. Mr Agarwal is leaving the company “on account of personal reasons and other professional commitments”, according to the company. |
Hoffmann Green to build four new units in Saudi Arabia22 June 2023, Published under Cement NewsHoffmann Green Cement Technologies has agreed to collaborate with Shurfah Holding to build four Hoffmann units in Saudi Arabia. As part of Saudi Vision 2030, Shurfah Holding and Hoffmann Green have been in talks for over a year with the aim of developing low-carbon Smart Cities. In 2022 the two companies signed a preliminary letter of intent to a test phase which enabled Hoffmann clinker-free cement to be experimented in Saudi Arabia and the production process to be assessed locally. Follo... |
Attock Cement sells Iraqi unit for US$11.7m22 June 2023, Published under Cement NewsAttock Cement Ltd of Pakistan has updated Pakistan Stock Exchange (PSX) about selling its 60 per cent share in its Iraqi grinding plant on 21 June 2023. Company Secretary, Irfan Amanullah, has informed PSX that the agreement for the sale of the entire shareholding of the company in its subsidiary ‘ Saqr Al Keetan for Cement Production Co Ltd ’ reached, and the company has received a sum of US$11.700m as a consideration against the sale of 9m shares. The company will be sold to two bu... |
Heidelberg Materials celebrates 150-year anniversary22 June 2023, Published under Cement NewsHeidelberg Materials is celebrating its 150th company anniversary this year and on 20 June, a “150 years of progress” ceremony was held with guests and employees at the headquarters in Heidelberg, Germany. “150 years of Heidelberg Materials – these are 150 years that have been shaped by people whose innovative spirit and courage have led to constant change. We owe it to them and their common pursuit of progress that we have been successful for so many years,” says Dr Dominik von Achten,... |
N+P Group completes Niramax Group Ltd acquisition22 June 2023, Published under Cement NewsN+P Group (N+P) has announced the completion of an asset purchase agreement for the assets of Niramax Group Ltd Hartlepool, a waste-processing facility. The deal excludes the tyre recycling facility, which is a separate Hartlepool-based company. With the signing of this deal, N+P expands its footprint in the Northeast of the UK with a site capable of processing 300,000t of non-recyclable waste per year, which will continue to support its existing customers and produce various grades of alte... |
Afrimat acquires Lafarge South Africa Holdings22 June 2023, Published under Cement NewsLafarge South Africa Holdings (LSA) is being acquired by South Africa-based mining and materials company, Afrimat, The deal includes all the subsidiaries of the LSA Group, which will become part of Afrimat’s Construction Materials division. LSA Group, a member of the Holcim Group, currently supplies a range of products to the construction industry, including cement, concrete, aggregates and fly ash. The purchase price for the acquisition of the equity in the LSA Group is US$6m, with a... |
Buzzi Unicem sells Ukraine operations to CRH21 June 2023, Published under Cement NewsBuzzi , through its fully owned subsidiary Dyckerhoff GmbH , has reached an agreement to sell some of its businesses in Eastern Europe to CRH , a leading building materials solutions company, for a consideration of EUR0.1bn. The transactions include the business in Ukraine and ready-mix concrete assets in east Slovakia. Completion of the transaction in Ukraine is subject to the granting of the required regulatory approvals and is expected to occur in 2024. In Ukraine, Buzzi operates... |
Adani Group in talks with more lenders over acquisition loan21 June 2023, Published under Cement NewsThe Adani Group is reportedly in talks with at least five new international banks regarding its refinancing of US$3.8bn of loans taken for its acquisition of ACC Limited and Ambuja Cement in 2022. According to The Economic Times, the majority of the group’s existing lenders, including Standard Chartered, Barclays and Deutsche Bank, will also participate in the refinancing round. The group has reportedly begun discussions with two Taiwanese banks and a Malaysian bank among others to exp... |
Aumund Group welcomes a new owner21 June 2023, Published under Cement NewsFranz-Walter Aumund left a healthy and motivated high-quality business as his legacy. The group companies, Aumund Fördertechnik, Schade Lagertechnik, Samson Materials Handling, Tileman Ketten & Komponenten, Aumund Group Field Service and Aumund Logistic, supported by many overseas subsidiaries, are internationally well established in their respective markets. According to the Aumund Group, it is indebted to its proprietor Franz-Walter Aumund, who passed away in February 2023, for leaving ... |
Aggregate Industries welcomes UK's first green bio-fuel cement tanker20 June 2023, Published under Cement NewsAggregate Industries (part of Holcim ) has taken delivery of the next generation of cement tanker, fuelled by a green bio-fuel. Marking a UK first, the company has deployed the truck as part of its Lafarge Cement business. Working with logistical partner, Lomas Distribution, the 44t bulk tanker is fuelled by hydrotreated vegetable oil (HVO), a fossil-free alternative to mineral diesel, resulting in up to 90 per cent reduction in greenhouse gas emissions. The truck joins the fleet of 5... |