Cement News tagged: Corporate
Bamburi Cement lands government infrastructure deals
Bamburi Cement has secured lucrative government contracts for the supply of cement for key infrastructure projects in the region as part of efforts to staying afloat in a competitive cement market that has seen its net profit drop by 80 per cent in five years. The East African reports that Bamburi (Holcim group) has won tenders to supply cement key government infrastructure projects in K...
Cementos Molins to acquire aggregate and concrete business
Spain’s Cementos Molins has reached an agreement to acquire Hanson Hispania’s aggregate and concrete business in Catalonia. The move will see it bolster its operations with two concrete plants, based in the Barcelona free zone and Montcada i Reixac, as well as a quarry in Begues and another in Llinars. "This operation will allow Cementos Molins to reinforce its presence in Spain and consolida...
JK Cement plans 23Mta expansion by end of 2023
JK Cement intends increase production capacity to about 23Mta in the next two years, from 15Mta now, by expanding its footprints in northern and central India. "We will maintain and grow our market share in the short term. Apart from the ongoing expansion in Panna, and now in Hamirpur, we already have plans for another 4Mt expansion," said Madhav Krishna Singhania, JK Cement’s CEO. "We ha...
Mannok doubles cement bagging capacity
Mannok, based in Derrylin, Co Fermanagh, Northern Ireland, has invested EUR2.1m in its cement bagging facilities to double the company’s production capacity. Germany-based Haver & Boecker were awarded the contract to design and manufacture a new 10-spout Roto-Packer Adams bag filling system and a new automatic film reel changer. The new equipment has the capacity to pack 1200 bags per hour. ...
Malaysia’s CMS posts 284% rise in 2Q net profit
Malaysia-based Cahya Mata Sarawak Berhad (CMS) reported a 32.3 per cent rise in 2Q revenues from MYR139.878m in the 2Q20 to MYR185.001m in the 2Q21. Profit before tax tripled from MYR18.479m to MYR57.471m over the same period. Profit attributable to equity holders of the parent company was up 283.7 per cent to MYR47.39m from MYR16.707m. In the first half of 2021 the company saw revenue edge u...
Holcim buys 51% stake in Costa Rican RMC producer
Holcim Costa Rica has announced its acquisition of a 51 per cent stake in ready-mix concrete producer Concretera Nacional, Costa Rica. The step will make Holcim one of the largest building material and construction companies in the Central American country. Concretera Nacional, established in 2004, has three plants – Pavas, Alajuela and Cinco Esquinas – in the greater San José area. Howeve...
Tarmac's giant excavator receives an overhaul
Tarmac’s Dunbar Cement plant has given its Marubeni Komatsu PC2000’ backhaul excavator a seven-week overhaul. The largest excavator in Scotland, the giant 200t machine handles the rock that has been blasted from Tarmac’s quarry and moves it to dumper trucks that deliver it for crushing. At seven years old, the PC2000 needed a major refit, enabling it to give Tarmac at least another five...
Näger leaves HeidelbergCement
Lorenz Näger will retire as CFO of HeidelbergCement at the end of August after 17 years of service to pursue private interests as well as continuing to bring his professional knowledge to pharmaceutical retailer Phoenix as a member of its board of directors. He will be succeeded by René Aldach, who is currently in charge of Group Reporting, Controlling and Consolidation.
Cemento Polpaico sees revenues double in 1H21
Chile-based Cemento Polpaico reported a surge in consolidated revenues from CLP76,528m in the 1H20 to CLP152,376m in the 1H21. Profit before tax reached CLP9361m, reversing a loss of CLP8424m in the 1H20. Net profit reached CLP6833m in the 1H21, from a loss of CLP5862 in the 1H20. The results include the consolidation of Cementos Bicentenario. The company’s cement business saw its revenues i...
LafargeHolcim Maroc sees 66% rise in 2Q revenue
LafargeHolcim Maroc saw a 66 per cent rise in revenues to MAD2078m (US$232.4m) in the second quarter of 2021 from MAD1252m in the 2Q20. The positive trend has been attributed mainly to the increase in sales across the board. In the first half of 2021 revenues increased by 26 per cent YoY to MAD4000m from MAD3185m in the 1H20. The company’s debt fell by 10 per cent YoY to MAD5952m at 30 June...
Huaxin Cement Narayani prepares to begin production
Huaxin Cement Narayani is expected to start cement production within two months following the completion of the cement works in the central Dhading district of Nepal, according to Xinhua. The China-Nepal joint venture has a cement capacity of 3000tpd. Construction began in 2019, but the completion of the project was delayed by floods, disputes over land acquisition and the COVID-19 pandemic.
Cementos Cibao opens new grinding unit
Cementos Cibao inaugurated its new 134tph cement grinding plant in the presence of the Dominican Republic’s President Luis Abinader. The project represents a multi-million dollar investment and sees the plant meeting not only higher efficiency but also stricter environmental standards. Equipment for the new plant, including a vertical roller mill, was supplied by Germany-based thyssenkrupp. ...
West China Cement sees profit rise 40% YoY
West China Cement has posted a 40.4 per cent YoY rise in attributable profit to CNY1.06bn (US$163.5m) for the first half of 2021, compared to CNY752.3m in the 1H20. Revenue also advanced 40.7 per cent YoY to CNY4.23bn from CNY3bn in the first half of 2020.
Cherat Cement sees turnover rise 47% YoY
Pakistan's Cherat Cement Co has posted a profit of PKR3.21bn (US$19.29m) for the financial year ended 30 June 2021, according to a bourse filing. The company had recorded a loss of INR1.89bn for the FY19-20. Net turnover also advanced 47 per cent YoY to INR25.21bn in the FY20-21, compared to INR17.09bn in the previous year.
Vulcan Materials Co completes acquisition of US Concrete
Vulcan Materials Co has announced that it has completed its acquisition of US Concrete. Tom Hill, chairman and CEO of Vulcan Materials, said, "Today is an important milestone as we welcome US Concrete and its talented team to Vulcan while also taking the next step forward in our growth and value creation strategy. With our complementary footprints and shared commitment to innovation and ...
Arabian Cement records 2Q21 revenue of SAR233m
Arabian Cement Co (ACC) registered a revenue for the 2Q21 of SAR233m (US$62m), a YoY increase of 66.9 per cent. The company achieved an 82.9 per cent YoY improvement in cement volume from its Saudi Arabian operations and a 51.5 per cent YoY growth in revenue from outside the kingdom, according to Al Rajhi Capital. Cement sales volume for the 2Q21 reached 0.7Mt, 7.9 per cent hig...