Cement News tagged: Corporate
India Cements expects improvement
India Cements’ Managing Director, N Srinivasan, has announced that the company expects an improvement in performance going forwards. "With further relaxation of lockdown measures, there are expectations of increased public spending on rural infrastructure, irrigation, road building and other projects. This, along with a pick-up in individual home building and construction, is expected to im...
Holcim Philippines offers one-day concrete for road projects
Holcim Philippines is looking to fast-track road projects outside the National Capital region by making its one-day SuperFast-Crete concrete available to contractors in government road repair projects and help lessen disruption to commuters. According to the company, it also plans to offer SFCrete, which was launched in 2016, to contractor partners in Davao and Baguio. Holcim Philippines sa...
Elementia commissions Yucatan plant
Mexico's Cementos Fortaleza ( Elementia) inaugurated its new grinding plant in Yucatan last Friday, together with the governor of Yucatan, Mauricio Vila Dosal , the mayor of Progreso, Julián Zacarías Curi , and the Secretariat of Economic Development and Work, Ernesto Herrera Novel. The grinding station will have a cement production capacity of 250,000tpa and during the first s...
West China Cement provides update on cement project
Following West China Cement’s acquisition of 97.5 per cent of equity interest in Kangding Paomashan Cement Ltd in July 2020, it has now provided an update on the cement project. As such, Kangding Paomashan’s new 1.5Mta plant has completed construction and is ready for commercial production. West China Cement estimates the annual revenue of the company to be in the range of CNY518-541m (U$...
Lindner Recyclingtech holds groundbreaking ceremony for new headquarters
Waste process and shredding technology specialists, Linder-Recyclingtech celebrated the groundbreaking ceremony for its new factory premises on 18 September 2020. The company is investing in a new site covering over 45,000m 2 at Spittal an der Drau, Austria. In addition to a state-of-the-art manufacturing facility, the new headquarters will become an international Centre of Excellence for ...
Quinn Industrial Holdings to change name to Mannok
Quinn Industrial Holdings and the Quinn Building Products and Quinn Packaging brands are rebranding to Mannok after tthe culmination of a five-year transformation programme and investment programme. "We are extremely pleased to unveil Mannok as our new brand identity, which we believe better reflects the ownership, evolution and future focus of our business. It marks a major milestone for us...
Flying Cement appoints new director
Pakistan’s Flying Cement Co has announced the resignation of Waqar Zahid, a director of the company, effective from 10 September 2020. Following Mr Zahid’s departure, the company has appointed Muhammad Mubeen Khan as a new director.
Quang Ninh to delist 38.72m shares
Vietnam’s Hanoi Stock Exchange (HNX) has announced that it will delist 38.72m shares of Quang Ninh Construction & Cement on 29 September. The stock of QNC will have 28 September as the last trading date, according to the HNX website. The move aims to help QNC focus on the restructuring of its business activities to improve performance. In the first half of 2020, QNC posted a net profit o...
Fauji Cement sees 17% fall in net sales
Pakistan’s Fauji Cement has released its full annual report for the FY19-20 period, ending 30 June 2020, showing a 17.1 per cent YoY fall in net sales to PKR17.23bn (US$103.7m) from PKR20.79bn. EBITDA also declined to PKR1.79bn from PKR6.04bn in the FY18-19. The company’s operating profit dipped to PKR11.67m from PKR4.46bn in the previous fiscal year. It also saw a net loss of PKR59.38m again...
Egyptian Cement to inaugurate plant in 2021
Egyptian Cement Group has announced plans to inaugurate a new plant in 2021, according to Ahmed Abou Hashima, CEO. The facility is located in Sohag and has a total investment cost of EGP4.5bn (US$285.79m). Egyptian Cement’s new factory will be the group’s "first investment seed" in the coming year, marking the first business expansion since the COVID-19 pandemic.
Total Lubrifiants acquires Lubrilog SAS
Total Lubrifiants, the world's fourth-largest international lubricants company, has acquired Lubrilog SAS. Lubrilog SAS is a French company, based in Romans-sur-Isère, specialised in the formulation and production of very high-performance synthetic lubricants many of which are used in the cement industry. The high-quality products of Lubrilog are tailored to specific customer needs and abl...
Arabian Cement sets sales targets
Egypt’s Arabian Cement Co has set a domestic sales target of 3.94Mt of cement in 2020, the same value as last year, according to Sergio Alcantarilla, company CEO. Despite outlining the company’s year-end target for the local market, Mr Alcantarilla said that it is difficult to predict its exports in 2020. He noted that this year, the company only sold 2.56Mt during the 8M20 and exported ...
Bashundhara Group plans third production unit
Bangladesh’s Bashundhara Group is planning a BDT10bn (US$117.7m) investment to significantly increase its manufacturing capacity through the establishment of a third production unit. Bashundhara's daily production capacity will reach 25,000t, according to The Daily Star. The existing units produce around 14,000tpd. "Our target is to export to the Seven Sister states in India as the demand...
Cemex included in the Fortune 2020 Change the World list
Cemex SAB de CV has been again included in the "Fortune 2020 Change the World" list, which highlights companies around the world that have generated a social impact through activities that are part of their business strategy. This is the third time that Cemex has received this distinction. Fortune recognised Cemex's efforts in social impact business models. One of the initiatives...
Cementos Fortaleza inaugurates Progreso plant
Elementia-owned Cementos Fortaleza inaugurated its new US$25m cement plant in Progreso, Yucatan, Mexico. Yucatan state governor, Mauricio Vila Dosal, and Elementia CEO, Jaime Rocha Font attended the ceremony. The production facility has a capacity of 0.25Mta and incorporates state-of-the-art technology. It will complement the company’s current coverage of the Mexican market and is in line wi...
HeidelbergCement Schelklingen plant receives Germany's highest bucket elevator
Germany-based Beumer Group has commissioned Germany’s highest bucket elevator at HeidelbergCement’s Schelklingen plant near Ulm. The order is part of a project by thyssenkrupp Industrial Solutions to modernise the cement works and comply with new emission limit values. As part of the thyssenkrupp Industrial Solutions project, a new preheater tower was built at the HeidelbergCement’plant. The ...