Cement News tagged: Corporate
Cemex Philippines' US$235m project reaches milestone
Cemex Philippines' US$235m project has reached a milestone as the company has lifted the rotary kiln into place for its new line. Upon completion, the 1.5Mta expansion at Solid Cement will raise capacity to 3.4Mta. "This milestone demonstrates our full commitment to the development of the country and brings us closer to further strengthening our position in providing the infrastructure and ...
Ciments Calcia one step closer to Airvault modernisation
Ciments Calcia, part of the HeidelbergCement Group, moved one step closer to the modernisation of its Airvault plant as the local community council approved the revision of the local urban plan to incorporate the planned modifications to the cement plant. The modernisation will see the replacement of the two existing clinker production line by a single line as well as best available techniqu...
Cbb makes 2025 growth plan
Chile-based Cbb looks forward to 2025 with optimism, said the company’s Corporate General Manager, Enrique Elsaca Hirmas, after a year that saw the impact of the coronavirus pandemic. In the first nine months of 2020, Cbb’s revenues fell 14 per cent YoY to CLP168.986bn (US$229.2m) but while full-year figures are expected to show a decline, this will be below the 9M20 drop. In addition, the...
The TCMB changes its identity to TURKCIMENTO
The Turkish Cement Manufacturers' Association (TÇMB) has a new identity and logo. In future, the organisation will be known under the name of T ÜRKÇİMENTO , representing a total of 66 plants and also being an international representative of the Turkish cement industry. Promoting the change of its identity and logo at the launch meeting held on 18 December 2020, the association shared...
Damani family increases stake in India Cements
Radhakishan Damani and Gopikishan Damani have increased their stake in India Cements during the October-December 2020 quarter. Radhakishan Damani increased his stake by 0.54 per cent, now holding an 11.34 per cent stake in the company against 10.8 per cent at the end of the July-September quarter. At the same time, his brother Gopikishan Damani now owns 8.46 per cent of the total paid-up ca...
Cherat Cement Co plans Line No 1 modernisation
Cherat Cement Co Ltd has informed Pakistan Stock Exchange (PSX) that the Board of Directors in its meeting held on 18 January 2021, decided to undertake balacing, modernisation and replacement (BMR) for Cement Line 1 and install the main crusher at Lakrai village, Nowshera district, Khyber Pakhtunkhwa (KPK) province, Pakistan. According to Executive Director and Company Secretary, Abid Vazi...
Indocement targets 4% sales growth
HeidelbergCement-owned PT Indocement Tunggal Prakarsa Tbk is targeting a four per cent sales volume growth this year on the condition that the business world will resume operations following COVID-19 vaccination programmes, according to the company’s Director and Corporate Secretary, Antonius Marcos. Last year sales of the Indonesian cement producer reached 16.5Mt and the new objective sets ex...
Onyx Group to begin operations at 3.6Mta plant this year
Sri Lanka’s Onyx Group is expecting to commence operations at its new grinding plant this year, according to Nandana Lokuwithana, chairman of the group. The US$100m project is expected to have a 3.6Mta capacity and be based in Mirijjawila, Hambantota.
ACC and Ambuja Cements looks to optimise supply chain
India’s ACC Ltd and Ambuja Cements have contracted Blue Yonder, a leading digital supply chain provider, to implement a supply chain optimisation and digitalisation process. The software company is expected to help improve sales and operational planning (S&OP) by gaining visibility into daily demand, production and dispatch plans to better predict demand fluctuation and scheduled maintenance...
Raysut Cement Co sees 8% revenue increase
Oman’s Raysut Cement Co has announced a 7.5 per cent YoY rise in revenue to OMR90.3m (US$234.9m) in its unaudited results for 2020, compared to OMR84.06m in the previous year. However, it has posted a loss after tax of OMR14.02m against an OMR2.26m profit in 2019.
JK Lakshmi Cement invests in IoT and automation
JK Laksmi Cement (JKLC) has recently invested in IoT and automation. The company applying IoT for key operations such as managing fleet, supply chain, and even for water conservation. It is also looking to automate its logistics operations and supply with the help of a machine learning-based platform. "We have been using AI engines for optimising manufacturing operations at our cement produ...
Lafarge Cement Zimbabwe diversifies product range
Lafarge Cement Zimbabwe (LafargeHolcim group) has completed crucial test runs on a multi-million-dollar dry mortar plant as it aims to turn into a multi-product operation. Lafarge has also entered the tile adhesives range and several allied products to complement the cement operation, which faces stiff competition from imports and stronger domestic peers. The firm has mostly relied on ce...
Huaxin Cement announces profit decline for 2020
China’s Huaxin Cement expects its net profit to decrease by 9-14 per cent YoY in 2020, compared to CNY6.3bn (US$974m) in the previous year, according to preliminary calculations by the company’s financial department. The company’s performance last year has been attributed to the severe impact of the pandemic in the first half and the large-scale flooding of the Yangtze River in July. Prices ...
New cement association formed for south India
Cement manufacturers in India have formed an association exclusively for southern India. The newly-formed South India Cement Manufacturers' Association (SICMA) is headed by N Srinivasan, vice-chairman and MD of India Cements, while Ravinder Reddy, director of Bharathi Cements, will be vice-president of the association. According to Mr Srinivasan, the formation of a south Indian body is requ...
Star Cement ready to commission Bengal plant
India’s Star Cement is expected to begin commercial production soon at its 2Mta grinding unit in Jalpaiguri, north Bengal. "The project is undergoing trials and can begin production anytime soon. This is our first greenfield cement project in West Bengal though we have plyboard manufacturing through Century Plyboards," said Sanjay Agarwal, MD. The company will source clinker from its integr...
Steppe Cement sees revenue up 1% in 2020
Kazakhstan’s Steppe Cement has reported a one per cent increase in revenue to KZT30.96bn (US$73.59m) in its preliminary update for 2020. However, cement sales volumes declined 4.1 per cent YoY to 1.645Mt from 1.715Mt in 2019. The average ex-factory price in 2020 reached KZT15,760/t, compared with KZT14,885/t in the previous year. "In 2020, cement market consumption in Kazakhstan increased by...