Cement News tagged: Corporate
ABB launches probe to tackle AFR explosions
ABB has developed ProKiln, a gas sampling system designed to reduce the risk of explosions due to the increased use of alternative fuels and raw materials (AFR). According to the European Cement Association, up to 95 per cent of traditional fuels used in cement production can be replaced with AFR to help reduce emissions. However, the volatility created by the higher use of AFR can bring wi...
Southern Province Cement starts work on new Jazan plant
Southern Province Cement Co has started work on its new 5000tpd plant in Jazan, Saudi Arabia. The project is part of the company’s plans to boost its production capacity to 10,000tpd and gradually replace its current production lines. Southern Province Cement’s performance remained under pressure in the first quarter of 2022 as revenues were down 25 per cent YoY .
CBB sees profit fall by 89% in the 1Q22
In the first quarter of 2022, Chile-based Cementos Bío-Bío (CBB) has reported a 14.4 per cent advance in revenues to CLP77,062m (US$92.8m) from CLP67,373m in the 1Q21, according to Valor Futuro. EBITDA decreased by 10.2 per cent to CLP9619m, which the company attributed to “lower cement shipments and lower profit margins on cement and lime that decreased gross profit. Added to this is the ...
Najran Cement secures SAR328.5m loan from Al Rajhi Bank
Saudi Arabia’s Najran Cement Co has obtained Sharia-compliant financing of SAR328.5m (US$87.6m) from Al Rajhi Bank. The loan will be repaid within seven years in semi-annual instalments with a six-month grace period, according to a bourse filing on 31 May. While the long-term financing will fully settle the company’s sole existing long-term loan, the funding also includes a SAR50m short-te...
Sinai Cement reduces 1Q loss
Egypt-based Sinai Cement , owned by Vicat , has posted consolidated net losses after tax of EGP67.19m (US$3.6m) in the first quarter of 2022, an improvement when compared with the year-ago period when losses reached EGP147.97m. Standalone losses were reduced YoY to EGP66.25m from EGP146.23m. Revenues increased to EGP475.57m in the 1Q22 from EGP282.62m in the 1Q21, according to a bourse fili...
Cemento Polpaico reports 67% drop in 1Q profit
Chilean cement producer Cemento Polpaico reported net sales of CLP89,359m (US$107.6m) in the first quarter of 2022, up 7.5 per cent when compared with CLP83,145m in the 1Q21. However, the company’s net profits declined by 66.9 per cent in the 1Q22 to CLP1365m from CLP4124m in the 1Q21. The reduced performance has been attributed by the company to a rise in production and distribution cost...
Misr Beni Suef Cement sees profits surge to EGP48m in 1Q22
Egypt-based Misr Beni Suef Cement reported net profits after tax of EGP47.65m (US$2.56m) in the 1Q of 2022, up from EGP37.42 in the 1Q21. The company’s revenues advanced to EGP436.38m in the 1Q22from EGP255.92m in the year-ago period, according to a bourse disclosure on 30 May 2022.
MPA welcomes new chief executive
The Mineral Products Association (MPA) has appointed Jon Prichard as its new chief executive, effective from 1 October 2022. Mr Prichard will succeed Nigel Jackson, who is stepping down as chief executive after 13 years in the role. Mr Prichard joins the MPA from the Institution of Chemical Engineers, where he is currently chief executive, and has previously held positions at the Engineering C...
BEUMER Group acquires FAM Group
BEUMER Group has acquired FAM Group. FAM plans, designs and manufactures turnkey plant and systems to extract, transport, load and store minerals, raw materials and goods. Through this acquisition, BEUMER Group has considerably strengthened its market position in the minerals and mining sectors. FAM Group is a globally active manufacturer of conveyor systems which has its headquarters in M...
Jindal to build new 2.5Mta plant in Raigarh
India’s Jindal Group and the Chhattisgarh government have signed a Memorandum of Understanding (MoU) to establish a new cement plant in Raigarh district in the easternmost part of Chhattisgarh State. According to reports in the Times of India, the new facility will have a production capacity of around 2.5Mta of cement and 2.5Mta of clinker. The plant will also have a 12MW waste heat rec...
India Cements joins forces with Tvasta on 3D printed construction solutions
The India Cements is collaborating with Tvasta Manufacturing Solutions to develop energy-efficient construction methods using 3D printing. Tvasta’s technology uses 3D-printing platforms for faster, more economical and more sustainable construction methods, compared to traditional technologies, which can be used for a variety of applications, including housing, sanitation, infrastructure and ...
Perfect planning for Shree Cement's new Raipur clinker line
Achieving its first clinker production in March 2022 , Shree Cement says its new 9000tpd Line 3 at Raipur cement plant, India, was successful because it portrayed a perfect harmony in project planning. "It showed the commitment of Shree Cement and FLSmidth teams, combined with FLSmidth's technologies and process expertise," said Shree Cement. Prashant Bangur, joint MD of Shree Cement,...
Secil Group rebrands
Portugal-based cement producer Secil has undergone a rebranding exercise to demonstrate how its four business areas complement each other in terms of flexibility and knowledge. The UNIBETÃO concrete brand will become known as Secil Concrete, while the aggregates brand Secil Britas will now be known as Secil Aggredos. The cement business will be renamed Secil Cimento. Seciltek, the group’s...
Cementir Group Launches AALBORG INBIND™ in Europe
Cementir Group has launched a new binder product for high-performance mortar and concrete applications in Europe, AALBORG INBIND™, which is a sustainable premixed white cementitious product, based on FUTURECEM ® patented technology, within InWhite ® Solutions. “We are proud to accelerate Ultra High Performance Concrete (UHPC) technology utilisation by launching a new binder solution,...
Eagle Cement Corp 1Q net profit slips 3%
Philippines-based Eagle Cement Corp reported a three per cent decrease in net income to PHP1.66bn (US$31.674m) in the first quarter of 2022 from PHP1.72bn in the equivalent period of 2021. The company’s sales advanced 30 per cent from PHP5.3bn in the 1Q21 to PHP6.83bn in the 1Q22 as historically high quarterly sales volumes combined with higher average cement prices. In addition, its subsi...
HeidelbergCement tightens climate targets and opens sustainability-linked credit line
HeidelbergCement is accelerating its transformation towards a sustainable future. At this year's Capital Markets Day, HeidelbergCement presented new medium-term sustainability and financial targets under the motto 'Concrete Promises'. Dr Nicola Kimm, member of the Managing Board and chief sustainability officer of HeidelbergCement, says: "We are significantly tightening our climate targe...