Cement News tagged: Corporate
Vicat Group signs EUR250m financing agreement
Vicat Group has signed a EUR250m financing agreement, which takes the form of a private placement with leading US investors, according to a press release. The financing agreement consists of two tranches. The first (EUR100m) has a maturity of 10 years, at a fixed rate of 1.27 per cent. The second (EUR150m) has maturity of 15 years, at a fixed rate of 1.57 per cent.
Argos to collect 5000 waste tyres per month in Honduras
Colombia’s Argos will collect around 5000 waste tyres per month in Choluteca, Honduras, and transport them to Comayagua for disposal at its Piedras Azules cement plant. Cementos Argos is working with Fundesur and Fundación HERCO to successfully launch the Responsible Management of Waste Tyres programme in Choluteca. The three organisations expect to remove more than 60,000 tyres in the first...
Loesche acquires Dynamis
Loesche has welcomed to its fold Brazil-based Dynamis, a company specialised in combustion and industrial processes since its foundation in 2003. “The Dynamis name is synonymous with the development of state-of-the-art equipment such as the revolutionary D-Gasifier, the D-Flame Burner, the robust D-Igniter and the efficient D-HotGas, which allows companies to work with a variety of fuels inc...
CRH sees 11% YoY increase in sales
CRH’s cumulative nine-month sales to the end of September reached US$22.8bn, an increase of 11 per cent YoY and ahead seven per cent on a like-for-like basis. EBITDA was up 15 per cent YoY to US$3.9bn while EBITDA margin was up 50bps to 17.1 per cent. Third quarter sales remained ahead of the prior year across all divisions, with good demand in key markets. Americas Materials was primarily ...
PPC sees 20% YoY rise in revenue
South Africa’s PPC Ltd has announced a 20 per cent YoY increase in revenue to ZAR5.13bn (US$324.5m) in the first half of the year, ended 30 September, compared with ZAR4.27bn in the year-ago period. The results were supported by a 12 per cent YoY rise in cement volumes. Group EBITDA advanced 13 per cent to ZAR945m from ZAR839m. Roland van Wijnen, CEO, said: "Team PPC delivered a solid perform...
INC restarts clinker production
Following three days of stoppage to change one of the raw mill motors, Paraguay’s Industria Nacional de Cemento (INC) has resumed clinker production, said Ernesto Benítez, president of INC. "Regarding the production of clinker and cement we are recovering the levels. Last night we started operating again, after several days we had to suspend. The quality is good as well as the amount. We are ...
Udayapur Cement plans modernisation project
Nepal’s state-owned Udayapur Cement Industry is set to undergo a NPR500m (US$4.19m) modernisation plan, which will see it replace old equipment to keep up pace with the market’s newer entrants. The plan will upgrade capacity to 1100tpd of cement from the current 800tpd. "The work of installing modern machines has started," said Gopi Krishna Neupane, general manager of Udayapur Cement. "We a...
FCCL to become the third-largest player in the country
Fauji Cement Company Ltd (FCCL) informed the Pakistan Stock Exchange (PSX) on 18 November that its Board of Directors has approved the process of amalgamation of Askari Cement Ltd into Fauji Cement Co Ltd and its placement before the shareholders in the Extraordinary General Meeting of the company as Special Business for their approval as per requirements of the Companies Act of 2017. Whil...
Argos implements simulation model for bulk cement supply
At the eighth annual Simulation Conference organised by the Anylogic software company, Argos (Argos Group) shared its model for the optimised supply of bulk cement that it has been developing for its terminals in the Caribbean region. This simulation is a key tool to avoid delays in the rotation of resources and to optimise the capacity of the ships and other methods of operation ...
Holcim announces its Strategy 2025
Holcim has announced its “Strategy 2025 – Accelerating Green Growth” to become the global leader in innovative and sustainable building solutions, following the group’s achievement of Strategy 2022 one year in advance. With “Accelerating Green Growth,” it is seeking to achieve profitable growth across all its businesses. As part of this it is expected to accelerate the expansion of its Solut...
Qiziliqumsement prepares to launch Kiln Line 4
Uzbek cement producer Qiziliqumsement has invested US$112m to add a fourth production line. This is the company’s the first significant investment in the plant since 1989 and it is due to come on-stream in December. Qiziliqumsement's new line, located just outside Navoi, will add 2.2Mta of cement to its output, bringing the total output to 5.8Mta, a bit less than a third of Uzbekistan’s en...
Twiga Cement commissions rehabilitated cement mill
As part of the strategic development plan at Twiga Cement factory (HeidelbergCement group) has rehabilitated the cement Mill No 2 (CM2) at the plant. The project represents an investment if US$3.2m and it was officially inaugurated on 16 November 2021 by the Prime Minister of Tanzania, H E Kassim Majaliwa. The new cement mill plus additional investments of 2021 have increased Twiga ...
Cementa to ration deliveries from December
Cementa has announced it is preparing to ration deliveries from December 2021 due to the uncertainty on the future of its Slite facility. The site in Gotland represents three quarters of cement used in the domestic construction industry. The HeidelbergCement subsidiary saw its continued exploitation of its limestone mining operation blocked by the Swedish environmental court. The cement prod...
Holcim Philippines sees 124% net income increase
Holcim Philippines reported a 124 per cent YoY increase in net income to PHP2.3bn (US$45.66m) in the first nine months of 2021, compared to PHP1.03bn in the year-ago period, on the back of higher cement sales. “Our continuing focus on operational efficiencies and cost management enabled us to drive performance despite market demand and inflationary challenges. We take pride in leading indus...
Sagar Cements set to increase capacity to 8.25Mta
India’s Sagar Cements is reportedly increasing capacity to 8.25Mta by the end of December, according to BusinessLine. The company opened a 1Mta integrated plant in Madhya Pradesh in October, which took capacity from 5.75Mta to 6.75Mta, while the commissioning of another plant in Odisha next month should take it to 8.25Mta. Sagar Cements has invested INR6bn (US$80.72m) and INR3.05bn in the p...
Kohat Cement receives regulatory approvals for Punjab plant
Kohat Cement Co (KOHC) has obtained all the requisite regulatory approvals for setting up the greenfield 7800-10,000tpd cement production line in Khushab, Punjab province of Pakistan. According to Kohat Cement’s latest report for 1QFY22, acquisition of land is under progress and it is expected that contracts for the supply of plant will be executed. A Letter of Credit for the import of...