Cement News tagged: Corporate
Southern Province Cement and Yanbu Cement Co sign an MoU for amalgamation
According to Saudi Exchange (Tadawul), Southern Province Cement Co announced the signing of a non-binding Memorandum of Understanding (MoU) with Yanbu Cement Co on 23 June 2024 to evaluate the feasibility of merging the two Saudi Arabian companies. Both companies will commence due diligence, a comprehensive examination of operational, technical, financial, legal and actuarial aspects. Thi...
PIBTL to settle its foreign exchange debt in a couple of years
Pakistan International Bulk Terminal (PIBTL) is expected to repay all financial dollar-based loans by June 2026. At a recent conference hosted by Topline Research, Shariq Azam Siddiqui, CEO of PIBTL, and Arsalan I Khan, CFO of PIBTL, shared their expert insights on the company’s operations and the promising outlook for coal and cement handling in Pakistan. They talked about the foreign loa...
alcemy and Spenner launch 'CEM X'
Alcemy, a Berlin-based AI start-up focussed on decarbonising cement and concrete production, has announced that German cement manufacturer Spenner GmbH has produced commercially viable 'CEM X' using alcemy’s quality control software. Alcemy and Spenner’s ‘CEM X’ offering is a durable, low-carbon and cost-competitive cement alternative that boasts a 65 per cent reduction in carbon emissions. ...
Groundbreaking ceremony on CAP2U project at Lengfurt
On 19 June 2024, Linde and Heidelberg Materials hosted a groundbreaking ceremony for their large-scale carbon capture and liquefaction plant in Lengfurt , Germany. Christian Knell, general manager of Heidelberg Materials Germany, and Andreas X Müller, managing director of Linde Gas Germany, welcomed around 50 guests to this milestone event on the construction site at the Lengfurt cement pla...
Adani Cements to increase marine transport
Following its recent acquisition of Penna Cement Industries , India-based Adani Cements plans to increase the use of sea transport in its logistics mix. Currently, Adani uses sea transport for less than two per cent of its cargo, but this is expected to increase to 10 per cent by 2027-28. Penny Cement has five bulk terminals at Kolkata, Gopalpur, Karakul, Kochi and Colombo, and these wil...
Anhui Conch announces management changes
Anhui Conch Cement has announced the resignation of Zhou Xiaochuan as executive director, joint company secretary, and member of the ESG Committee, effective from June 19, 2024. Yu Shui has been appointed joint company secretary and authorised representative, and is nominated as a candidate for executive director, awaiting shareholder approval at an upcoming extraordinary general meeting...
Khayah Cement highlights energy challenges
Khayah Cement has said high energy costs along with cheap imports are threatening Zimbabwe’s cement producers, reports AllAfrica. According to the company, although power supply has remained relatively stable, power voltage fluctuations continue to affect the smooth running of its cement plant. “The high power costs compared to neighbouring Zambia continue to pose a significant challenge...
Michael Greto appointed as new supply chain VP at Giant Cement
Giant Cement Holding Inc has named Michael Greco as new vice president of supply chain. Mr Greta joined the company’s cement division in August 2008 with expertise in logistics founded in a Bachelor of Science in Transportation Economics from Emory-Riddle Aeronautical University and complemented by Advanced Studies APICS Certifications in Supply Chain Management from Villanova University. A...
Votorantim Cimentos Spain appoints new sustainability director
Votorantim Cimentos España has appointed Carmen Boulet as its new director for sustainability, strategy and new business, reporting directly to CEO, Alan Svaiter. An industrial engineer with an MBA from Colombia Business School, Ms Boulet started her career at McKinsey & Co. During that period she accompanied large companies in the world of banking, energy and telecommunications in Latin A...
Maple Leaf Cement reclassifies PKR26bn investment plan
Maple Leaf Cement Factory Ltd informed the Pakistan Stock Exchange (PSX) on 12 June that it had reclassified its PKR26bn (US$93.3m) capital expenditure plan. In addition, the Board of Directors of Maple Leaf Cement approved that for years the company has continued its expansion and diversification strategy and has made significant investments that have enhanced shareholder enterprise value. ...
Heidelberg Materials appoints chief sustainability and new technologies officer
Heidelberg Materials has appointed Dr Katharina Beumelburg as a new member of the managing board and chief sustainability and new technologies officer, effective from 1 October 2024. Dr Beumelburg will succeed Dr Nicola Kimm who will leave the company after completing her three-year term of office on 31 August 2024. Dr Beumelburg joins Heidelberg Materials from SLB (formerly Schlumberger)...
Siam Cement JV launches Kheda brick plant
Siam Cement BigBloc Construction Technologies Pvt Ltd, a 52/48 joint venture between Gujarat based BigBloc Construction Ltd and Thailand’s SCG International Corp Co Ltd (SCG), has launched its India operations with the commercial production of its first brick plant in Kheda, Gujarat. With the vision of launching next-generation walling solution for the Indian market, the joint venture has...
PPC Africa predicts 20% YoY increase in earnings
PPC Africa has predicted a 20 per cent increase in earnings for the fiscal year ended 31 March 2024, driven by a strong performance by its Zimbabwe operations. According to The Zimbabwe Mail, the previous year saw PPC Zimbabwe hit by a prolonged kiln shutdown, which had a negative impact on profit. Compared to that prior year, the latest fiscal is expected to see the headline earnings per ...
Ambuja Cements acquires Penna Cement
Adani Group subsidiary Ambuja Cements has acquired Penna Cement Industries Ltd (PCIL) for INR104,220m (US$1274m). Following this latest acquisition Adani Cement 's production capacity increased to 89Mta. It would also provide sufficient limestone reserves to Ambuja Cement. By 2028 Adani targets a total production capacity of 140Mta capacity and around 20 per cent market share. In...
Chilanga Cement inaugurates kiln upgrade
Zambia-based Chilanga Cement has inaugurated its Ndola kiln upgrade project. The project will not only enhance the cement plant’s production capacity but also its environmental sustainability. According to News Invasion 24, the upgrade will enable greater use of renewable energy sources as well as improving product standards. Jianping Chai, CEO of Chilanga Cement, said the investment c...
Apo and Solid Cement repurchase brands from CEMEX
Cemex Holdings Philippines (CHP) disclosed that APO Cement and Solid Cement have repurchased the cement brands from their Switzerland-based sister firm, Cemex Innovation Holding (CIH). The deal with the Consunji family cost US$12.55m. APO Cement, operating from Naga, Cebu, acquired the Apo Cement brand for US$8.2m, while Solid Cement, which has a plant in Antipolo, paid US$4.53m for the R...