Cement News tagged: Corporate
Guangdong Tapai Group announces impact of energy regulation plans
China’s Guangdong Tapai Group Co has announced the expected impact on its operations of the local government’s plan to regulate energy consumption in 2021. The energy consumption control requirements of key energy-consuming units reportedly ensure that consumption in 2021 will not exceed the control amount issued for the year. As a result of the policy, the production capacity of its Jinta, X...
Taiwan's producers see mixed September results
Taiwan’s Asia Cement has reported a 7.9 per cent YoY rise in September revenue to TWD7.83bn (US$278.97m) from TWD7.26bn in the year-ago period. In the first nine months of the year, revenue increased 13.3 per cent to TWD61.81bn from TWD54.56bn. Universal Cement saw revenue advance 17.2 per cent YoY in September to TWD528.3m, while its 9M21 revenue was up 12.1 per cent to TWD4.36bn from TWD3....
Steppe Cement reports 16% revenue increase
Kazakhstan’s Steppe Cement has recorded an 8.5 per cent YoY rise in revenue to KZT12.05bn (US$28.33m) in the third quarter of 2021, compared to KZT11.11bn in the year-ago period. The company also saw sales volume for the period fall four per cent YoY to 535,200t. In the first nine months of 2021, revenue advanced 16 per cent to KZT28.81bn while sales volumes climbed four per cent to 1,375,464t.
Indocement sees 3% uptick in 8M21 sales
ndonesia-based Indocement Tunggal Prakarsa is on track to sell up to 18.1Mt of cement in 2021, according to Mirae Asset Sekuritas analyst Mimi Halimin. The company has seen its domestic sales expand by 3.3 per cent to 10.4Mt in the first eight months of the year. In August there was an 0.5 per cent uptick to 1.5Mt. “Although relatively flat from last year, the volume was 7.7 per cent higher...
Cem'In'Eu awarded damages in competition lawsuit
The Saint-Nazaire Commercial Court, France, has dismissed all of LafargeHolcim's claims that Cem'In'Eu had been acted unfairly in competition following a claim made in July 2019. The judgement of 28 April 2021 dismissed all of the claims made by Lafarge Holcim Ciments and Lafarge Holcim Distribution in the lawsuit between them and Cem’In’Eu and all of its different group entities includi...
Tanga Cement sees net loss widen in 1H21
Tanzania’s Tanga Cement saw its net loss widen to TZS7.8bn (US$3.38m) in the first half of 2021, compared with a TZS5.2bn loss in the year-ago period. Around TZS2.6bn has been attributed to a major breakdown in clinker production units that saw costs of production surge, according to The Citizen. Board Chairman, Lawrence Masha, noted that due to the breakdown it had to purchase 117,259t of ...
West China Cement signs MoU for four projects worth US$800m
The government of Mozambique and West China Cement have reportedly signed a memorandum of understanding regarding four industrial investment and development projects, with a total value of US$800m. The projects include a cement plant, a thermal energy generation facility and two glass factories. "The group of West China Cement intends to continue its investments in Mozambique, attentive to t...
HeidelbergCement divests Spanish assets to Cemex
HeidelbergCement pushes forward its portfolio optimisation programme, and has signed agreements to sell its regional aggregates and ready-mixed concrete businesses in the regions of Catalonia, Madrid and Asturias as well as its ready-mixed concrete business on the Balearic Islands to different buyers. The assets acquired by Cemex from HeidelbergCement include a limestone quarry with a wa...
JK Lakshmi Cement halts production at its Durg plant
India’s JK Lakshmi Cement has suspended production at its 2.7Mta Durg plant in Chhattisgarh, due to a strike called by the state’s Cement Transport Association. Dispatches from the facility, which were substantially reduced from 19 September, have now been completely stopped, according to the company. However, industry-wide negotiations are being held with the state government and the company...
InterCement Participações completed BRL1bn debenture amortisation
IInterCement Participações SA (ICP) has concluded the partial amortisation of its debentures for BRL1bn (US$180m). The transaction follows a new debt issuance from its subsidiary, InterCement Brasil SA (ICB), of the same amount in local debentures. ICB and ICB agreed on an intracompany loan agreement as well for BRL1bn. The transactions do not change either company’s consolidated debt,...
Martin Marietta completes Lehigh West Region acquisition
US-based Martin Marietta Materials Inc has successfully completed the acquisition of Lehigh Hanson’s West Region business for US$2.3bn. The acquisition provides the company with 17 active aggregates facilities, two cement plants and related distribution terminals, alongside targeted downstream operations serving key California and Arizona regions, including the Bay Area, Los Angeles, San Die...
Saint-Gobain completes Chryso acquisition
Saint-Gobain has confirmed that it has closed the acquisition of Chryso. The acquisition will see Saint-Gobain enter the concrete formulation market and chemical additives for the reduction of CO 2 emissions in the cement and construction sectors. Chryso has achieved revenues of EUR400m and EBITDA of around EUR85m. Benoit Bazin, CEO of Saint-Gobain, commented: "The acquisition of Chryso i...
Oficemen appoints new president
José Manuel Cascajero Rodríguez, president of Cemex España Operations, has been elected president of Oficemen. He succeeds Victor García Brosa. He will lead the Spanish cement sector’s initiatives to address the challenges highlighted by the COVID-19 pandemic. “The Spanish cement industry has once again demonstrated, since the beginning of the pandemic, its essential character for the mainte...
Birla Corp plans to reach 30Mta of capacity by 2027
India’s Birla Corp is setting a new target of reaching 30Mta of production capacity by 2027. Its current capacity is 15.6Mta but this is expected to rise to almost 20Mta by the end of the fiscal year, when its 3.9Mta Mukutban plant is commissioned. Birla had previously set a target of reaching 25Mta by 2025. The details of the new expansion plan will be announced when it has been approved by...
Fives Pillard appoints new executive director
Fabien Illy has joined Fives Pillard as its new executive director. Fabien has considerable and international expertise in the combustion industry where he has spent the majority of his career. His main role will be to drive the company's business strategy, international development and boost its growth. After first starting his career at Air Liquide and working in its R&D depar...
Penta Engineering appoints senior structural engineer
Penta Engineering Corp appoints Dian Delchev PE as Senior Structural Engineer rejoining the structural department. His experience includes structural design of large process ductwork, bulk material steel bins, and response spectrum and time-history analysis of structures and foundations supporting vibrating equipment. He holds a MSc in Civil Engineering and a BSc in Structural Eng...