Cement News tagged: Corporate
Cementos Progreso leads the way in 3D printing
Cementos Progreso , the largest cement company in Guatemala, is harnessing the power of 3D printing to help reduce the housing deficit in Latin America. The company has installed the country’s first 3D concrete printer, developed by COBOD International, becoming COBOD’s first Latin American partner. Cementos Progreso has also inaugurated a new Innovation and development Centre in Guatemal...
Lafarge Cement Zimbabwe's new mill to be operational by year end
Lafarge Cement Zimbabwe Ltd ( Fossil Mines Pvt Ltd ) said it will continue to increase production of its products to meet the demands associated with the growth of the economy, with the targets set in the National Development Strategy 1 usefully giving a strong estimate of the size of the local market each year. This follows approved an initial US$25m investment that will go towards increasi...
JSC Oskolcement starts new kiln line and is recognised for its service
JSC Oskolcement ( Mikhailovsky Combine of Building Materials ) in the Belgorod region, Russia, has put into operation a rotary kiln for the production of cement semi-finished products, reports CMPro. The plant has also installed dust-collecting units to prevent air pollution and losses of processed material. Meanwhile, JSC Oskolcement and one of its repairmen, Boris Yangelov, have bee...
CBB reports 74% drop in net profit
Chilean cement producer Cementos Bío-Bío (CBB) saw a 15.3 per cent increase in sales to CLP155,089m in the first half of 2022 when compared with the CLP134,538m reported for the 1H21. Gross profits declined 12.2 per cent YoY to CLP43,268m in the 1H from CLP49,286m on the back of higher distribution and administration costs. Finance costs increased to CLP4508m in the 1H22 from CLP1380Mt in ...
Hoffmann Green signs exclusive deal with Cemblend
France-based Hoffmann Green Cement Technologies , a specialist producer of extremely low-carbon cements, has signed its first partnership agreement in the UK with Cemblend, a supplier of customised cement powder mixes to the UK cementitious industry. From the second half of 2022, Hoffmann Green will supply Cemblend with its clinker-free, decarbonised cements - H-IONA, H-UKR and H-EVA - which ...
CEMENCO drops its cement prices
Liberia-based CEMENCO has announced a drop in its cement prices. According to the company, the move is in keeping with recent action by the government of Liberia to adjust petroleum prices in the country. Effective from 13 September 2022, the new prices will be US$7.50 for CEM II/B-M 32.5R, US$8.10 for CEM II/B-M 42.5R, and US$9.50 for CEM II 52.5R. CEMENCO has said that a second price reduc...
Private investor ups stake in Arabian Cement
Private investor Sadiq Ahmed Sadiq El Sewedy has increased its share in Egypt-based Arabian Cement Company (ACC) from 9.5 per cent to 11 per cent at a cost of US$1.6m. The deal was handled by Al Ahly Pharos and EFG Hermes Holding. The opening six months of 2022 saw ACC post revenue of EGP2.129bn (US$111.2m), significantly up from EGP964.9m in the same period a year earlier. Consolidated p...
DG Khan Cement sees reduced profit of PKR2.972bn in FY21-22
DG Khan Cement Co Ltd (DGKC) announced the financial result for the FY21-22, posting a profit after tax (PAT) of PKR2.972bn (US$12.7m) compared to PKR3.721bn in the same period last year, depicting a decline of 20 per cent YoY. However, during the 4QFY21-22 (April-June 2022), the company recorded a loss of PKR647m against a profit after tax of PKR873m in the 4QFY20-21. According to AHL R...
Chia Hsin reports 10% increase in August sales
Chia Hsin Cement posted revenues of TWD182.371m (US$5.9m) in August 2022, up 9.8 per cent from TWD166.022m in August 2021. In the January-August 2022 period, Chia Hsin’s sales slipped by 4.5 per cent to TWD1388.559m from TWD1453.918m in 8M21.
Taiwan Cement posts 19% increase in 8M revenues
Taiwan Cement saw a 19.2 per cent advance in revenues to TWD10,689.86m (US$345.9m) in August 2022 from TWD8966.476m in August 2021. In the first eight months of 2022 total revenue edged up 2.5 per cent to TWD68,937.1m from TWD67,307.8m in the 8M21.
Gujarat Sidhee Cement temporarily suspends clinker unit
The clinker unit at Gujarat Sidhee Cement Ltd’ s plant in Sidheegram , Gujarat, Inda, will be temporarily shutdown. The stoppage began on 11 September 2022 and will last for 20 days. No reason has been given for the suspension.
TITAN Cement Group launches CemAI
TITAN Cement Group has launched CemAI, Inc (CemAI), an affiliate company providing the next-generation predictive maintenance solution based on artificial intelligence for the cement industry. The solution is a unique mix of a proprietary licensed software and a continuous monitoring and incident resolution service for entire cement manufacturing lines across the world, claims TITAN. Levera...
Howden appoints market director for carbon capture
Howden has appointed Mark Courtney as global market director of carbon capture utilisation and storage (CCUS). In his new role, Mr Courtney will provide leadership and vision to develop Howden’s CCUS offering, developing and managing key partnerships to support pilot and commercial CCUS projects. The prime focus will be enabling customers’ vital processes using the company’s full product range...
Mississippi Lime acquires Singleton Birch
Singleton Birch has been acquired by Mississippi Lime Co (MLC), one of the US’s oldest independent suppliers of lime products, for an undisclosed sum. Mississippi Lime Co, an HBM Holdings company headquartered in St Louis, Missouri, is one of the leading global suppliers of high-calcium lime products and technical solutions. The family-owned business, which has a history stretching back...
Adani plans management shake-up following takeover
Gautam Adani, his son Karan and his nephew Pranav, are expected to join the management boards of ACC Ltd and Ambuja Cements . As part of an overhaul of the top management of both companies, following their takeover by the Adani Group , some existing members of the boards are expected to step down, including the following board members at Ambuja Cements: N S Sekhsaria, chairman, Jan Jenisch...
Christian Pfeiffer introduces high-performance ROC
The Rapid Object Classifier (ROC) is Christian Pfeiffer’s high-efficiency classifier working mainly in closed circuit with a ball mill or pin mill respectively in the grinding or in the coating plant, and occasionally as a stand-alone system. The ROC can achieve a fineness of up to 98 per cent <5.0µm, depending on machine size and material, while keeping highest performance. The efficien...