Cement News tagged: Corporate
Flying Cement to install 21MW power plant for Line 2
Company Secretary of Flying Cement Co Ltd, Shahid Ahmad Awan has informed Pakistan Stock Exchange (PSX) that the Board of Directors of the company, in their meeting on 3 October discussed the installation of 21MW captive power plants to meet the power requirement of Line 2 at Lilla, in Punjab province of Pakistan. The company has already obtained a no-objection certificate (NOC) for its ins...
APO Cement suspends Davao terminal
APO Cement Corporation , part of Cemex Holdings Philippines Inc , has temporarily suspended operations at its Davao terminal in the Philippines due to the constant influx of cement imports, reports Manila Bulletin. The continued arrival of imports, particularly from Vietnam, has led to rising costs and falling volumes, according to APO. “Our operational costs in maintaining the Davao termi...
Eagle Cement majority stake to San Miguel
San Miguel Corp (SMC) is to acquire an 88.5 per cent stake in Eagle Cement Corp , reports GMA News. SMC said its boards of directors authorised the management of the corporation to “negotiate and enter into a share purchase agreement with the selling shareholders.” The selling shareholders of Eagle Cement include Ramon Ang, John Paul Ang, Monica Ang, and Far East Holdings Inc (FEHI), the la...
Lehigh Hanson acquires concrete and asphalt recycling company
Lehigh Hanson, Inc has acquired JEV Recycling Inc a key recycler of concrete and asphalt with a large facility in Woodinville, Washington, USA. With the addition of the JEV business, Lehigh Hanson continues to strengthen its portfolio of recycled materials in the Greater Seattle area to better meet the increasing need for more sustainable construction materials. “The acquisition of JEV R...
Holcim buys Polymers Sealants North America
Holcim has completed the acquisition of the Polymers Sealants North America (PSNA) division of Illinois Tool Works. PSNA is a leader in coating, adhesive and sealant solutions with 2022 estimated net sales of USD100m. With more than 150 employees and manufacturing plants in California, Arizona, Texas, Georgia and Massachusetts, PSNA will accelerate the growth of Solutions & Products, esp...
Votorantim adopts new logo and rebrands
Votorantim Cimentos is introducing its new corporate brand that aims to be more contemporary and representative of the diversity of its people, products and businesses, combining tradition, innovation and a vision of the future. The rebranding project reflects the company's global strategic objectives and sustainability commitments The new visual identity seeks to connect ...
India Cements in talks to sell Madhya Pradesh project
India Cements is reportedly in talks with a number of companies over the sale of its project in Madhya Pradesh. India Cements had planned to set up a 3Mta integrated cement plant on the site but is now looking to sell the site to reduce its long-term debt, reports The Hindu. The project with its limestone mine is valued at around INR8000m (US$97.8m). Among the companies vying for the proj...
Thatta Cement receives an offer to explore minerals
Thatta Cement has informed Pakistan Stock Exchange (PSX) that the Director General Mines and Minerals of Baluchistan has granted a provisional offer to Thatta Cement to explore minerals in District Lasbella, Baluchistan Province of Pakistan. Company Secretary, Muhammad Abid Khan, added in a regulatory filing that under the said offer, the Licensing Authority has offered two sites in Lasb...
Construction on Kwinana Bulk Terminal starts
Work has started on BGC Group' s AU$55m (US$35.8m) Kwinana clinker facility. The facility will incorporate a 40,000t bulk storage dome and a conveyor linking the Kwinana Bulk Terminal to adjacent Cockburn Cement operations. The new clinker circuit will significantly reduce the need for truck transport, reduce dust emissions, and result in fewer stoppages that lead to shipping delays. Clin...
Saxlund Group announces east European distribution agreement
Saxlund Group has signed signing of an official agency agreement to promote Saxlund products and services in Romania with Bucharest-based Room industrial Solutions, one of the leading suppliers of industrial engineering and bulk materials handling solutions. “Expanding and strengthening our distribution network into European markets is another important growth step for Saxlund Group,” expla...
JSW Cement secures funds for expansion plans
JSW Cement has secured a INR4000m (US$48.9m) sustainability-linked loan from MUFG Bank India to finance the company’s cement capacity expansion plans, according to The Economic Times. JSW aims to increase capacity from its existing 17Mta to around 25Mta by FY24-25. This marks the third time JSW has sought funds in the last 15 months, have previously raised INR1000m from the State Bank of ...
Kingsblue and Haver & Boecker announce plant management platform partnership
Kingsblue and Haver & Boecker will be partnering up and providing an integrated experience for clients using Kingsblue’s Plant Management Platform (PMP). As a leading provider of digitalisation software applications for streamlined plant and spare parts management, Kingsblue work hard at creating a product that is the perfect addition to every operator’s digital tool box. Haver & B...
Birla plans US$1bn investment in new capacity
Birla Corp is planning to invest around US$1bn to increase cement production capacity from 20Mta to 30Mta over the next eight years. According to Harsh V Lodha, chairman of Birla Corporation, the capacity additions will be the result of greenfield and brownfield projects as well as debottlenecking exercises across its entire portfolio, reports The Hindu. The company is reportedly consider...
Ramco Cements commissions new 2.25Mta plant
India’s The Ramco Cements Ltd has commissioned its fifth integrated cement plant at Kolumigundla, Kurnool District, Andhra Pradesh. The INR30,000m (US$366m) works has a clinker capacity of 2.25Mta and will serve the markets of Andhra Pradesh, Karnataka, Tamil Nadu, Maharashtra and Madhya Pradesh, according to The Hindu. The plant has a 12.15MW waste heat recovery (WHR) system, 6MW of whi...
Steppe Cement sees 65% surge in 1H post-tax consolidated profit
Steppe Cement has announced a consolidated profit after tax of US$10.2m for the six months ended 30 June 2022, up 65 per cent YoY. The Kazakstan cement producer’s gross margin in the 1H22 edged up from 44 to 46 per cent in US$ terms on the back of cement price increases . Selling expenses per tonne (in US$ terms) were down 20 per cent YoY in the 1H22 due to increased sales to markets lo...
Adani Group announces US$100bn investment plan
The Adani Group plans to invest US$100bn over the next decade, according to its owner Gautam Adani. The group’s most recent investment was its US$6.5bn acquisition of Ambuja Cements Ltd and ACC Ltd , instantly making it the second-largest cement producer in India. Around 70 per cent of the planned US$100bn investment is destined for the energy transition market, along with defence, metals...