Cement News tagged: Corporate
Dangote defends Nigerian cement prices
Dangote Group’s Executive Director, Devakumar Edwin, has confirmed that its ex-factory price for bagged cement in Nigeria is between NGN2450 (US$6.43) in Obajana and Gboko and NGN2510 in Ibese. The clarification has been made amid reports that the company sells cement in Nigeria at higher prices than in its other markets, particularly in Ghana and Zambia, according to Vanguard. While a bag ...
Titan Cement Group releases 2020 integrated annual report
Titan Cement Group has published its 2020 integrated annual report, which outlines the group's financial, as well as environmental, social and governance (ESG) performance. New ESG targets for 2025 and beyond have been set, underlining the group's enduring commitment to sustainability and value creation for all. An ambitious CO 2 reduction target is set at -35 per cent by 2030, compare...
Cemex to acquire Eqiom Granulats assets
Cemex has signed an agreement to expand its French network with the acquisition of aggregate assets in the northern Paris metropolitan area. Cemex will acquire some assets of Eqiom Granulats, including two strategically-located aggregate quarries and a rail-enabled platform that will improve customer service in Paris and surrounding areas. "This acquisition will allow us to bette...
LafargeHolcim to vote on group name change at AGM
At this year's LafargeHolcim AGM, on 4 May 2021, shareholders will be asked to vote on changing the group company name from LafargeHolcim Ltd to Holcim Ltd. As the company transforms to become the global leader in innovative and sustainable building solutions, the Board of Directors recommends simplifying its name for efficiency and impact, while building on the group's legacy. All market br...
Orient Cement's INR21bn project cleared to begin
India’s environment ministry has reportedly cleared Orient Cement’s INR21bn (US$280.27m) expansion plan for its Telangana plant, according to the India National Press. In 2017 the company announced its plans to expand its Devapur plant in Telangana and Chittapur unit in Karnataka for an estimated capital expenditure of INR36bn. However, the plans were stalled and were with the environment ...
Votorantim ends 2020 with net revenue of BRL16.7bn
Votorantim Cimentos ended 2020 with global net revenue of BRL16.7bn (US$2.98bn), an increase of 29 per cent compared to 2019. This result can be primarily explained by the increase in sales volume in Brazil, Canada and the USA, and by the positive impact of the devaluation of the real on the results of the other regions. Consolidated adjusted EBITDA (earnings before interest, taxes, d...
NCL Industries reports 33% increase in production
India’s NCL Industries has reported a 33 per cent YoY rise in cement production to 691,136t in the 4QFY20-21, compared to 519,339t in the year-ago period. Cement dispatches also advanced 38 per cent to 701,949t from 508,392t. The company’s production of cement boards reached 19,740t, while board dispatches was at 22,188t during the final quarter of the FY20-21.
New Agadir plant to enter production in July
LafargeHolcim’s new cement plant in Souss-Massa, 45km southwest of Agadir, Morocco, is expected to be commissioned at the end of July. The 1.6Mta plant represents an investment of MAD3bn (US$334.6m) and is equipped with the latest technologies, in line with the company’s “Plant of Tomorrow” concept. It will include automation, robotic, artificial intelligence and predictive maintenance techn...
Qatar National Cement sees 38% rise in sales
Qatar National Cement has reported a 38.4 per cent YoY rise in sales to QAR229.85m (US$63.14m) for the first quarter of 2021, compared to QAR166.1m in the year-ago period. Net profit for the quarter also advanced 29.3 per cent YoY to QAR70.42m from QAR54.44m in the 1Q20.
Votorantim's regional results rise in 2020
According to the National Cement Association (SNIC) cement sales in Brazil grew 11 per cent YoY in 2020, which also boosted the recovery of prices in the local market. The growth was driven by changes in consumption patterns in the country during the pandemic that led to an increase in civil construction, by the emergency aid granted by the federal government, and by low interest rates, whi...
LafargeHolcim makes changes to Board of Directors
LafargeHolcim has announced changes on its Board of Directors. Oscar Fanjul has decided to step down as Vice-Chairman after serving on the Board of LafargeHolcim since 2015 and Jan Jenisch is being appointed as a member of the Board of Directors in addition to his CEO role. Beat Hess, chairman of the Board, said: "On behalf of the entire Board of Directors, I sincerely thank Oscar for his i...
ECEBOL signs contract for natural gas supply
ECEBOL's new plant in Potosí, Bolivia, is expected to be supplied with natural gas by Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) through an 8km pipeline that will connect YPFB’s Transporte system with the cement factory. ECEBOL and YPFB signed a contract guaranteeing the supply of 11.9MMcf of natural gas per day, which will be used to produce cement and clinker that will supply nati...
Maple Leaf Cement Factory increases clinker capacity
Pakistan’s Maple Leaf Cement Factory has expanded clinker capacity at Line 3 of its Iskandarabad plant in Punjab. The brownfield project has boosted the line’s capacity by 500tpd to 7800tpd. As a result, the company’s total grey clinker capacity has now reached 18,500tpd from 18,000tpd previously. This is in advance of the 7000tpd Line 4 project, which was announced last month.
St Marys Cement Bowmanville plant is to install a new wet scrubber
The commissioning of a new wet scrubber at St Marys Cement plant in Bowmanville is expected to result in a significant decrease in emissions. This is the first wet scrubber installed at a cement plant in Canada. The water injection technology washes out and scrubs pollutants from the outlet airstream of the plant. St Marys Cement Plant Operations Manager, Jim Storey, stated: "This US...
Dewan Cement appoints new director
Pakistan’s Dewan Cement has appointed Nida Jamil as a director of the company, with effect from 5 April 2021. Ms Jamil has been appointed in place of Waseem-ul-Haque Ansari, according to a company statement.
South Valley Cement sees net loss narrow in 2020
Egypt’s South Valley Cement Co has recorded a net loss of EGP250.59m (US$15.97m) in 2020, narrowing from an EGP316.34m loss seen in the previous year. The company’s sales declined 20.3 per cent YoY to EGP350.21m from EGP439.26m in 2019.