Cement News tagged: Corporate
Lebap plant increases production in 4M24
In the January-April 2024 period, the Lebap cement plant in Koytendag, Turkmenistan, produced 295,200t of product with a total value of TMT59m (US$16.9m), up from last year, according to Trend. Of this total, approximately 17,800t was exported. Owned by Turkmen Cement , the Lebap plant has a total clinker capacity of 6000tpd, following the commissioning of a second 3000tpd line in 2023. ...
Atlantic Group to open new plant in Madagascar
Atlantic Group has laid the foundation stone on a new cement plant in Tamatava, Madagascar. This latest project forms part of the cement producer’s plans to develop its activities in the region, reports FratMat.Info. The new plant will have a cement production capacity of more than 500,000tpa and is expected to begin operations in the second quarter of 2025. To help protect the local env...
EBRD finances Çimsa's decarbonisation programme
The European Bank for Reconstruction and Development (EBRD) is providing a EUR25m loan to Turkey’s Çimsa to finance the cement company’s decarbonisation investment programme. The proceeds of the loan will fund the installation of a solar power plant, a waste heat recovery plant, a new silo and resource-efficiency process, and technology upgrades at the company’s Eskisehir plant. The ...
Shree Cement achieves 1GW renewable energy capacity
India-based Shree Cement Ltd has reached 1GW of renewable energy capacity following the commissioning of the company’s 19.5MW solar power plant at factory in Andhra Pradesh. The milestone includes solar, wind, thermal and waste heat recovery power plants. The company has invested INR40bn (US$478.6m) to expand its renewable energy portfolio, representing almost half of its total installed ...
Holcim invests in Travertine to advance decarbonised cement and circularity
Via its corporate venture capital and open innovation unit MAQER Ventures, Holcim has invested in Travertine to apply the start-up’s proprietary circular technology to the decarbonisation of cement. The new technology binds CO 2 from direct air capture to advanced mineral components, sequestering carbon. Nollaig Forrest, Holcim chief sustainability officer, said: “We’re excited to work wi...
Cementos Molins appoints new CEO
Cementos Molins SA has appointed Marcos Cela as its new CEO. Marcos Cela holds a degree in business management by the University of Barcelona, an MBA by ESADE Business School and a PADE senior management programme by IESE Business School. He developed his career at Decathlon Spain and Bic Graphic Europe, joining Molins in 2004 as finance director, a position he held until 2014. From that dat...
Mondi and Cemex launch SolmixMix bag in Spain
Mondi, a global leader in sustainable packaging and paper, has announced the Spanish launch of its ground-breaking SolmixBag in collaboration with Cemex , by bringing it to the building industry on the Balearic Islands of Ibiza, Mallorca and Menorca. Cemex and Mondi began working together on SolmixBag in 2021 when Cemex was looking for a sustainable cement bag to meet legal requirements o...
Heidelberg Materials appoints new MD of Midland Quarry Products
Andrew Boileau has been appointed managing director of Heidelberg Materials’ UK-based asphalt and quarrying business MQP (Midland Quarry Products). He replaces Rick Green, who has retired after a 40-year career in the industry, taking responsibility for MQP’s three quarries and 10 asphalt plants located across the Midlands region. Mr Boileau has extensive leadership experience within the ...
UltraTech proposes reduced cash offer for RAK White shares
The UAE Securities and Commodities Authority has approved the strategic decision of Aditya Birla Group -owned UltraTech Middle East Investment’s regional operations. This decision involves reducing the size of its cash offer component for an additional stake in Ras Al Khaimah Co for White Cement & Construction Materials , a move that is expected to strengthen the company’s position in the ma...
Heidelberg Materials converts Speed plant to slag grinding
Heidelberg Materials has announced the successful conversion of its cement plant in Speed , Indiana, USA, to a slag grinding facility to better support the increased demand for sustainable products in the fast-growing Midwest market. Following last year’s opening of its new state-of-the-art cement plant in Mitchell , Indiana, Heidelberg Materials ceased Portland cement production at i...
Lucky Cement obtains a credit line of PKR8bn
Pakistani financial institution and cement conglomerate the United Bank (UBL) and Lucky Cement Ltd announced that the bank will extend PKR8bn (SU$28.7m) to cement producers. Both organisations have yet to feed the material information on the Pakistan Stock Exchange (PSX) website, but both consents appeared in a public message on 25 June. The stand-by letter of credit facility, a financial...
Cemex supplies Paris Olympics
Cemex has supplied architectural and Vertua lower-carbon concretes for the construction or renovation of multiple venues in Paris that will host sports competitions this summer. The projects that Cemex participated in include the Olympic Aquatic Centre, the Grand Palais and the Athlete’s Village. “These projects exemplify Cemex’s versatility, delivering tailor-made solutions that best s...
PPC FY23-24 results bolstered by strong Zimbabwe performance
PPC has reported revenue of ZAR10,058m (US$551.8m) in FY23-24 (ended 31 March 2024), marking a 20.6 per cent increase from ZAR8339m in the same period a year earlier. According to the company, this was primarily driven by the strong performance in its Zimbabwean operations. EBITDA over the same time frame improved 38.6 per cent from ZAR896m to ZAR1242n, with the EBITDA margin up 1.6 percenta...
Cemex launches Vertua in Florida
Cemex has announced that Vertua ® , its portfolio of sustainable products, is now available in Florida. Establishing the foundation for thousands of new homes in Sarasota County, Florida, this residential project showcases Cemex's commitment to environmental responsibility and advancing the construction industry toward a more resilient future, according to the company. Cemex was recruited...
Holcim acquires Cand-Landi Group to accelerate decarbonisation and circularity at Eclépens
Holcim acquired the Cand-Landi Group in Switzerland to advance decarbonisation and circular construction. With consolidated net sales of CHF70m (US$11.4m) and 250 employees, Cand-Landi’s diversified businesses range from recycling and waste management to aggregates and ready-mix. The acquisition will accelerate decarbonisation at Holcim’s Eclépens plant in Switzerland by providing new sour...
Dangote ramps up investment in Zambia with second plant
Dangote Cement has announced plans to double its investment in Zambia by building a second cement plant. The company has already constructed one plant in Masaita at a cost of US$450m but this investment will now be boosted to US$900m with plans for a second facility, reports The Guardian. The Masaita works is designed to have a cement production capacity of 1.5Mta and is scheduled to reac...