Cement News tagged: Corporate
Dangote Cement partners with UNEP
Dangote Cement has formed a partnership with the United Nations Environment Programme, the National Environmental Standards and the Regulations Enforcement Agency as part of its initiatives to promote environmental sustainability. The announcement comes as the company commemorates World Environment Day 2022 at all 14 of its production plants across Nigeria and the rest of Africa, reports ...
ACC Ltd posts 15% YoY increase in revenue
ACC Ltd has posted revenue of INR44.68bn (US$557.9m) in the quarter ended 30 June 2022, compared to INR38.85bn in the same period a year earlier, an increase of 15 per cent YoY. Profit over the same period fell from INR5.34bn to INR2.22bn. Meanwhile, total expenses advanced from INR31.69bn to INR42.21bn with fuel and power costs increasing from INR8.29bn to INR13.1bn. In the half year ended...
Cherat Cement Co sells its hydropower project's feasibility
Director and Chief Operating Officer of Cherat Cement Co Ltd (CHCC), Yasir Masood, informed the Pakistan Stock Exchange (PSX) on 14 July that Madian Hydro Power Ltd (MHPL) has entered into an agreement with Pakhtunkhwa Energy Development Organization (PEDO) of the KPK government for sale of the feasibility study of Madian, a 148MW hydro power project for total consideration of PKR160m (US$7...
Kohat Cement plans a 10MW solar power plant in Punjab
Kohat Cement Co Ltd (KOHC) has informed Pakistan Stock Exchange (PSX) that the Board of Directors of the company has approved the setting up of 10MW solar power plant at its Kohat cement plant, in northern Punjab, says CEO, Nadeem Atta Sheikh. The company’s Board of Directors has also re-appointed Aizaz Mansoor Sheikh as chairman and Nadeem Atta Sheikh as CEO for three years. Financi...
Votorantim Cimentos awards new transport contract to VLI
A new contract has been signed between Votorantim Cimentos and logistics company VLI for the transportation of 625,000t of cement and petcoke. The petcoke, which is imported from the USA, will arrive in Brazil via VLI’s Inacio Barbosa Maritime Terminal. The cement cargo will be transported from Votorantim’s Laranjeiras works in Sergipe to the terminal to be transferred to other Votoranti...
Sagar Cements and Dalmia Cement express interest in Andhra Cements
Sagar Cements and Dalmia Cement are reportedly among the companies expressing an interest in Andhra Cements, which is currently undergoing insolvency proceedings, according to The Economic Times. Andhra Cements, part of the Jaypee Group, currently runs two plants in India located in Dachepalli and Visakhapatnam. In the quarter ended 31 March 2022 the company incurred a loss of INR683.1m (U...
Steppe Cement sees turnover improve 18% YoY in the 1H22
Steppe Cement sold 837,063t of cement in the first half of 2022, compared to 840,661t in the same period a year earlier. While volumes remained stable, turnover over the same period improved by 18 per cent from KZT16,657m (US$35.1m) to KZT19,579m. The average price of delivered cement over the 1H22 was KZT23,391/t, up from KZT19,814/t in the 1H21. The average ex-factory price came in at KZT20,...
Rugby plant opens new bagging line
At CEMEX UK's Rugby cement plant , a new state-of-the-art bagging line is now operational. Two new lines are now working alongside a recently installed paper bagging line, utilising the very best technology that exists globally, to pack 25kg of cement into weatherproof bags. The new bagging line investment is part of the company's bolt-on investment strategy and allows CEMEX to reinforce ava...
Taiwan Cement and Chia Hsin see June revenue increase
Taiwan Cement Corp reported a 7.8 per cent increase in revenue to TWD9145.989m (US$306.5m) in June 2022 from TWD8480.821m in June 2021. However, in the first half of 2022 the company’s revenue slipped 3.8 per cent to TWD48,144.732m from TWD50,023.365m. Chia Hsin Cement’ s revenue increased 8.5 per cent to TWD183.177m in June 2022 from TWD168.756m in June 2021. In the first six months of 20...
CEMEX completes bolt-on aggregates acquisition
CEMEX has announced that it has completed the acquisition of a 53 per cent stake in German aggregates company ProStein. The investment expands CEMEX’s aggregates business in the region while increasing the lifespan of its aggregates reserves in Europe. The company’s aggregates sales in Germany are expected to double with the acquisition. ProStein’s assets include six active hardstone plan...
Holcim MAQER partners with Binni
Through the Holcim MAQER platform, Holcim Group is partnering with Binni, a start-up at the forefront of easing collaboration in the construction industry. Binni's cloud-based software allows teams to make decisions based on real-time data, improving efficiency and helping them to make greener choices.
Hanson gives ready-mix truck Pride livery
Hanson UK ( HeidelbergCement Group ) has given a ready-mixed concrete mixer and an aggregates tipper truck a colourful makeover to mark the 50 th anniversary of Pride marches in the UK and show its support for the LGBT+ community. The vehicles can be spotted making deliveries across the Bristol area and were also part of the company’s presence at the Bristol Pride festival held on The D...
Nepal makes export debut to India
Nepal has exported cement to India for the first time. According to Palpa Cement Industries Ltd, the company shipped 3000 sacks of its Tansen brand to India on 9 July 2022 and will be exporting there on a daily basis as per demand going forward. Although Nepali cement products face stiff price competition in India, demand for PPC cement is high in the Indian market, compared to OPC cement. ...
Cementa's application for a short mining permit continues
Cementa ( HeidelbergCement group ) submitted its application for a shorter mining permit of four years to the Land and Environment Court in April this year. Authorities, associations and the general public have since been able to take part in the application and submit comments on it. Cementa has taken note of the opinions submitted by a dozen authorities and associations, such as SGU ...
Siam Cement plant catches on fire
PT Siam Cement Group ( SCG) factory on Jalan Palabuhan II, Sukabumi Regency, Thailand, has caught fire. The cause of the fire is not yet known. A number of vehicles and firefighters entered the factory area to extinguish the fire. There were no casualties in the incident. The President Director of PT Semen Jawa and PT Tambang Semen Sukabumi, Somchai Dumrongsil, confirmed the fire ...
Holcim acquires General Beton Romania
Holcim has acquired General Beton Romania, a leading player in the Romanian ready-mix concrete (RMC) market with estimated 2022 net sales of EUR45m. The move is designed to expand Holcim's RMC portfolio across Romania's major urban centres and help Holcim reach its target of 25 per cent of RMC sales coming from ECOPact. With the addition of General Beton Romania's eight RMC plants, Holcim Roma...