Cement News tagged: Corporate
Padeswood cement plant fire extinguished
At the start of this week, a fire broke out at Hanson's Padeswood cement works (HeidelbergCement group), UK. The plant manager said the fire at the Welsh cement plant has now been extinguished and an investigation into the cause will take place in due course. No statement on the cause of the fire has yet been made. David Quick, plant manager at the cement works, said: "I can confirm that...
SOBOCE commissions modernised Warnes plant
SOBOCE recommenced operations at its Warnes cement plant in Bolivia on 14 June after a BOB222m (US$32.1m) investment in new equipment. The project included a new VRM-based grinding system supplied by Gebr Pfeiffer, and an automatic bagging and palletiser by Claudius Peters. New systems for feeding, transport and storage of raw materials as well as a new electrical substation were also includ...
South Valley Cement's net losses narrow in first quarter
Egypt’s South Valley Cement has posted a net loss of EGP35.69m (US$2.28m) during the first quarter of 2021, compared to a net loss of EGP41.39m in the year-ago period. The company’s revenue declined 30 per cent YoY to EGP62.12m from EGP88.75m in the 1Q20.
ECEBOL officially restarts operations
State-run Empresa Pública Productiva Cementos de Bolivia (ECEBOL) has officially restarted its operations in Caracollo, Oruro, with an investment of BOB58m (US$8.39m). "This restart of operations of our plant not only ratifies our desire for the reactivation of the Oruro economy, but also of the national economy, because the quality of the cement that we are going to produce here and that w...
Sarche plant to reactivate kiln line
Italy’s Italcementi (HeidelbergCement) has announced an investment of almost EUR5m (US$6.07m) at its Sarche plant in Madruzzo, Italy. The works will see the factory, which has been operating as a grinding unit since 2015, reactivate its pyroprocessing line. As a result, production capacity is expected to reach 250,000tpa by January 2022. The expansion is being made to meet the rising dem...
CEMBUREAU elects new president and vice-president
CEMBUREAU, the European cement association, elected Isidoro Miranda, MD of LafargeHolcim Spain, as its new president at its annual general assembly. Ken McKnight, member of the CRH Executive Committee was elected vice-president. Following his appointment, Isidoro Miranda said: “The foundation has been laid over the past two years and we will build on this. Starting from our innovation agenda...
Nuvoco Vistas Corp launch CorroSafe
Nuvoco Vistas Corp Ltd has launched Concreto CorroSafe, which is a corrosion-resistant concrete that extends the life of buildings. The advanced concrete mix design is reinforced with corrosion-resistant admixtures that act as inhibitors towards water seepage and rusting, protecting the lifespan of the structures, says Nuvoco Vistas. It is specially designed to increase the density and durabil...
JK Cement reports 39% rise in revenue
India’s JK Cement has reported a standalone net profit of INR633.4m (US$8.65m) for the quarter ending 31 March 2021, compared to INR2.3m in the year-ago period. Net revenue also advanced 38.9 per cent YoY to INR20.52bn from INR14.77bn in the 4QFY19-20. The company’s operating profit reached INR4.39bn, up 26.8 per cent from INR3.46bn in the same period of the previous fiscal.
PPC to sell Botswana aggregate quarry business
South Africa-based PPC has entered into a binding sale and purchase agreement to sell its 100 per cent shareholding in PPC Aggregate Quarries Botswana Proprietary Ltd for a cash purchase consideration of BWP47.5m (US$4.49m). The purchaser is a construction and mining company in Botswana, with conditions for the agreement expected to be met by 1 August 2021. PPC also anticipates group EBITDA f...
Star Cement reports 10% rise in revenue
India’s Star Cement has reported a 9.8 per cent YoY rise in revenue to INR6.03bn (US$82.53m) for the quarter ending 31 March 2021, compared to INR5.49bn in the year-ago period. Net profit remained largely consistent at INR853m from INR858.3m. The company also reported a 6.7 per cent YoY fall in revenue to INR17.2bn for the FY20-21. Net profit declined 34.5 per cent to INR1.87bn from INR2.86bn...
Scheuch announce new Asia MD
Mirko Köhler will become Scheuch Asia's managing director in mid-June 2021. He takes over from Jan Eike Graeff, who has successfully managed Scheuch Asia since 2019. German-born Mirko Köhler is currently Asia-Pacific regional manager for a German industrial fire protection company. The introduction of complex European technologies into Asian industrial processes are among his expertise....
CSN Cimento is closing in on Brazilian plant acquisition
Brazilian steelmaker CSN is in talks to acquire Cimento Elizabeth for roughly US$250m, the Valor Economico newspaper reports. CSN confirmed the negotiations, without disclosing further detail, according to Reuters. CSN Cimento operates one integrated plant and one grinding unit in Brazil with a total cement capacity of 4.4Mta. The company is also planning a new 3Mta integrated works i...
Taiwan's producers see largely positive results in May
Taiwan’s Hsing Ta Cement has posted an 11.3 per cent YoY decline in revenue to TWD627.35m (US$22.65m) in May, compared to TWD706.92m in the year-ago period. However, in January-May 2021 revenue advanced 21.2 per cent to TWD3.21bn from TWD2.64bn in the 5M20. Elsewhere, Universal Cement posted a 32.4 per cent rise in revenue to TWD533.8m from TWD403m in May 2020. Revenue in the first five month...
Zambezi Portland Cement allows retail purchases direct from plant
Zambia’s Zambezi Portland Cement has allowed the direct retail purchase of cement from its cement plant to reduce price exploitation in the market. The company’s CEO, Gomeli Litana, has said the company has a set price and that it was not interfering in price fixing on the retail market. "As a cement producing company, we do support not only large buyers but small scale consumers, you ca...
Lucky Cement sees 6% decline in revenue
Taiwan’s Lucky Cement has seen its revenue stay largely flat at TWD357.04m (US$12.87m) in May 2021, compared to TWD357.16m in the year-ago period. In the January-May period, revenue declined 6.3 per cent YoY to TWD1.75bn from TWD1.87bn in the 5M20.
Fancesa considers lowering prices
Bolivia-based Fancesa is looking to lower prices to improve its sales and is changing its selling practices. "Our cement is the most expensive in the entire national territory," said the Governor Damián Condori after the extraordinary shareholders' meeting that was held yesterday at the company's offices. This does not allow Fancesa to be more competitive, particularly not during the COVID-1...