Cement News tagged: Corporate
Thyssenkrupp Industrial Solutions USA opens Reno warehouse
Thyssenkrupp Industrial Solutions USA has officially opened its new service centre in Reno, Nevada, USA. With its 10,700ft 2 of warehouse and working space, it is able to carry out a wide range of modernisation and repair work. Additionally, its ease of access to transport makes it the perfect location to serve customers from the US. “The Service Centre in Reno is another milestone for u...
Aeroborn joins WCA
The World Cement Association (WCA) has announced that Dutch clean tech company Aeroborn has joined its ranks as an associate corporate member. Aeroborn specialises in developing and commercialising carbon capture, utilisation and storage (CCUS) technologies to accelerate progress towards a carbon neutral Europe by 2050, focussing on reducing net CO 2 emissions in four key sectors: construct...
HeidelbergCement reports robust 2021 results despite high energy prices
Germany-based HeidelbergCement posted a 6.3 per cent rise YoY and an eight per cent like-for-like (LfL) rise in revenues to EUR18,720m in 2021 (2020: EUR17,606m). The result from current operations before depreciation and amortisation (RCOBD) was up 4.5 per cent (LfL 5.9 per cent) to EUR3875m when compared with EUR3707m in 2020. The result from current operations (RCO) saw a 10.6 per cent Yo...
Afyon Cimento increases turnover by 53% in 2021
Çimsa 's subsidiary Afyon Çimento increased its turnover in 2021 by 53 per cent compared to the previous year, from TRY270m (US$19.5m) to TRY413m. Net profits rose from TRY17m to TRY77m with an increase of 351 per cent. Çimsa General Manager, Umut Zenar, said, "Despite the changing world order as of 2020 and the economic conditions affected by this, we achieved successful fi nancia...
Taiwan Cement and Asia Cement report fall in January revenues
In January 2022 Taiwan Cement Corp reported revenues of TWD7517.896m (US$269.6m), down by seven per cent from TWD8084.465m in January 2021. Asia Cement Corp ’s revenues slipped 0.2 per cent to TWD7420.726m in January 2022 from TWD7436.331m in the equivalent period of the previous year.
Votorantim expands its operations in northeast Brazil
Votorantim Cimentos has opened a new distribution centre in the municipality of Crateús, reinforcing its presence and logistics in the markets of Ceará and Piauí, Brazil. The Ceará distribution centre is located 350 km from Fortaleza, and will expand the service and distribution capacity of Cimento Poty and the Votomassa line of adhesive mortars in the centre-south, south, Sertões Cear...
Ambuja Cements plans INR35bn capacity upgrade
Ambuja Cements , owned by Switzerland-based Holcim , has announced a INR35bn (US$467m) investment plan for the 7Mta expansion in its existing capacities at Sankrail and Farakka in West Bengal and a greenfield expansion at Bahr in Bihar. The company is also considering its 3.2Mta clinker unit at Bhatapara, Chhattisgarh. “The board has approved in principle an investment of INR3500 crore for...
Fernando Libonati to lead Business Development at FCT
Fernando Libonati has been appointed as the Head of Business Development for FCT within the Asia-Pacific and Middle East regions. Mr Libonati commenced in this role in January 2022. With more than 21 years of technical sales experience for prominent companies including Bühler, Aumund and Thermo Fisher Scientific, he has experience across a variety of global markets from having lived and ...
Argos reports consolidated EBITDA of COP2.16bn in 2021
Argos, Grupo Argos' cement company , reported a consolidated EBITDA of COP2.16bn (US$55m) at the end of 2021, representing an increase of 34 per cent compared to 2020 and the highest in the company's history. The annual EBITDA margin stood at 22 per cent, the highest since 2005, when the cement company began its internationalisation process. Accumulated revenues as of 31 December 2021 reache...
CBR's Antoing site undergoes successful maintenance upgrades
Maintenance took place at CBR’s Antoing cement plant for a period of three weeks (between 17 January and 6 February 2022). All of CBR’s maintenance teams were mobilised to carry out a set of tasks. The main tasks included work to the cement mills and rotary kiln. The ball mill plates on the side of the tube walls were replaced during maintenance to ensure the efficiency of the equ...
Cementos Argos erects industrialised plant for concrete modular solutions
With the installation of the first industrialised plant for concrete modular solutions in Colombia, Argos will begin to produce and market modular solutions in concrete for building houses and infrastructures in series. The plant will begin operations at the end of the 1H22, allowing the construction of an estimated 500 homes by the end of this year. This endeavour will generate 60 dir...
Ambuja Cements record 23% net sales YoY growth in full year 2021
Ambuja Cements (Holcim group) reports net sales for the full 2021year stood at INR 137,940m (US$1.83m) compared to INR 111,750m in the previous year, registering a growth of 23 per cent YoY supported by strong growth in sales volumes and product mix. However, total operating cost per tonne increased by three per cent during the year. Operating EBIT stood at INR 26,560m comp...
Societe de Ciment de Cote d'Ivoire sees inauguration second plant
Côte d’Ivoire’s Prime Minister, Jérôme Patrick Achi, has inaugurated the second cement plant of Société de Ciment de Côte d’Ivoire in Yopougon’s industrial zone in Abidjan. The new unit has a capacity of 1.5Mta and effectively doubles the company’s existing capacity. It will use latest-generation production technology that takes into account environmental requirements. In terms of employ...
Mangal Industries selects Sinoma to build 3Mta cement plant
An indigenous Nigerian firm, Mangal Industries had signed a US$600m deal agreement with Sinoma International Engneeering of China for the construction of a 3Mta cement plant and 50MW captive power plant in Mopa, Kogi State, Nigeria . The factory will rely on the best available technology for cement production and in line with the highest environmental standards and scheduled to be completed...
FLSmidth advances two Board of Directors nominations
FLSmidth & Co A/S Board of Directors has nominated current Vice Chairman, Tom Knutzen, as new Chairman of the Board, taking over from Vagn Sørensen after an 11-year tenure. Mr Knutzen has been a member of the FLSmidth Board of Directors since 2012. He is also Chair of the Audit Committee and a member of the Nomination and Compensation Committee. Mr Knutzen’s distinguished career includes his c...
Vicat reports 29% rise in consolidated net income in 2021
Vicat saw its consolidated sales advance by 11.3 per cent to EUR3123m in 2021 from EUR2805m in 2020. At constant scope and exchange rates the increase was 16.2 per cent. EBITDA was up 11.1 per cent and 14.5 per cent like for like (LfL) to EUR619m in 2021 from EUR557m in the previous year. However, the EBITDA margin slipped from 19.9 per cent in 2020 to 19.8 per cent in 2021. Consolidated...