Cement News tagged: Corporate
Saint-Gobain continues Canadian expansion
Saint-Gobain has completed its acquisition of the Bailey Group, a privately-owned manufacturer of metal frames for light construction in Canada. This forms part of Saint-Gobain’s expansion in the sustainable construction sector in Canada. Founded 75 years ago, the Bailey Group posted revenue of CAD532m (US$389m) in 2023 and operates 12 manufacturing plants across the country. According ...
Holcim acquires UK-based Land Recovery
Holcim has completed the acquisition of Land Recovery in the UK, advancing its capabilities in circular construction. A leading UK supplier of primary and recycled materials, Land Recovery turns rail ballast into new solutions for the UK rail network as well as supplying construction demolition materials for the production of ready-mix, precast concrete and asphalt. The acquisition expands H...
Fives Pillard appoints new MD
Fives Pillard has announced the appointment of Xavier Nicolas as the new managing director of Fives Pillard, in Marseille, France. Mr Nicolas will oversee the operational management of the company and the development of its activity, notably its combustion systems and digital solutions offer to decarbonise the cement and energy industries. Mr Nicolas joined the Fives group two years ago as ...
Sagar Cements posts 15% YoY production growth
India's Sagar Cements Ltd has reported cement production of 5.47Mt in FY23-24 (1 April 2023-31 March 2024), up 15 per cent YoY. Clinker production over the same period improved by 22 per cent to 4.36Mt. Net sales in FY23-24 came in at INR24,982.5m (US$299m), marking an advance of 12 per cent YoY, while EBITDA expanded by 61 per cent to reach INR2459.1m. Profit after tax in FY23-24 stood a...
CEMARK ready to play its part in Ukraine's recovery
CEMARK ( CRH Group ) Director of Strategy and Development, Mykhailo Bechkalo, is confident that CEMARK will play a big role in the reconstruction of Ukraine. Mr Bechkalo believes that the cement industry is a strategically important sector for recovery. He spoke about this in a new material for the Ministry of Finance. “Significant investments are needed to modernise part of the industry and ...
Sinai Cement sees net sales fall in 1Q24
Sinai Cement saw its consolidated net sales fall to EGP1.16bn (US$24.5m) in the first quarter of 2024 (ended 31 March). This compares to EGP1.24bn in the same period a year earlier. Consolidated net profit in the 1Q24 came in at EGP30.11m, versus a net loss of EGP58.47m in the 1Q23. Earnings per share in the three-month period stood at EGP2.26, against a loss of EGP0.44 in the same period a ...
Barak Valley Cements posts revenue growth YoY
India-based Barak Valley Cements has reported consolidated total revenue of INR709.5m (US$8.5m) in the quarter ended 31 March 2024, up from INR616.1m in the same period a year earlier. A net loss of INR11.7m was seen in the 2024 quarter, compared to a profit of INR12.8m in the quarter ended 31 March 2023. Total expenses over the same time frame advanced from INR584.4m to INR685.5m, drive...
Heidelberg Materials UK contributes to RHS Chelsea Flower Show
Heidelberg Materials UK has contributed to the Chelsea Repurposed Garden at this year’s Royal Horticultural Society (RHS) Chelsea Flower Show held in London. The RHS Chelsea Repurposed Garden was designed by Cityscapes. “To build a sustainable and adaptive future, we need to look at ways to reuse and recycle the materials we already have,” said the garden’s designer, Darryl Moore. “To th...
CEMEX supplies Miami's Okan Tower
CEMEX has supplied the concrete for the massive foundation pour for Okan Tower, a 70-storey mixed-use tower that will be one of Miami's tallest buildings. The foundation pour required 1200 concrete trucks, approximately 10,000yd 3 of concrete, a crew of 300 working 36 hours straight and 160 drivers. Designed by Behar Font & Partners, Okan tower will have a hotel, residences, office spac...
Heidelberg Materials launches Green Finance Framework
Heidelberg Materials has announced the launch of a Green Finance Framework to help fund the ongoing transformation and decarbonisation of the building materials sector. The company intends to issue Green Bonds to finance and/or refinance assets and capital expenditure associated with economic activities that meet or will meet the eligibility criteria defined in the Green Finance Framework. ...
Ecocem supports Irish government's 30% target for clinker reduction
The Irish government has announced that it will provide specific guidance for the use and procurement of low-carbon cement and concrete in public sector projects. Cement accounts for almost five per cent of Ireland’s total emissions. Specifically, the government has formally mandated a 30 per cent target for clinker reduction and Ireland is the first country in Europe to do this. Since clinker...
India Cements announces capex plans
India Cements plans to spend around INR7000m (US$84m) on capex over the next two years, primarily to improve operational efficiency, according to BusinessLine Online. Among its improvement initiatives, the company is installing a new 8MW waste heat recovery system at its Chilamkuru plant in the Kadapa district of Andhra Pradesh. Its Sankarnagar works at Tirunelveli in Tamil Nadu will re...
Deccan Cements posts revenue advance YoY
India’s Deccan Cements has posted total revenue of INR2281.4m (US$27.42m) in the quarter ended 31 March 2024, up from INR1990.8m in the same period a year earlier. The company reported a profit of INR30.1m in the March 2024 quarter, compared to INR99m in the year-ago period. Total expenses advanced from INR1857m in the quarter ended 31 March 2023 to INR2071.3m in the same period a year l...
HeidelbergCement Bangladesh looks for new MD
HeidelbergCement Bangladesh Ltd is seeking a new managing director to oversee its operations in Bangladesh. Part of Heidelberg Materials (HM) Group, HeidelbergCement Bangladesh Ltd (HCBL) is Bangladesh’s leading cement manufacturing company. With a rich history of 151 years and a global presence in over 50 countries, the group boasts a workforce of 51,000 and an annual turnover of EUR21.2...
UltraTech Cement announces plans to acquire 31.6% stake in RAK Cement
UltraTech Cement , a subsidiary of the Aditya Birla Group, has announced that it intends to acquire a significant 31.6 per cent stake in UAE-based RAK Cement Co for White Cement and Construction Materials PSC (RAKWCT). A partial acquisition cash offer was made by the company on 27 May for over 158,049,610 shares of RAKWCT's issues and fully-paid capital. The acquisition will be executed...
Anjani Portland Cement sees revenue advance YoY
Anjani Portland Cement has reported total revenue of INR1282.8m (US$15.4m) in the quarter ended 31 March 2024. This compares to INR960.5m in the same period a year earlier. A net loss of INR16.3m was seen over the March 2024 quarter, marking a slight improvement on the INR18m loss posted in the same period in 2023. Total expenses, meanwhile, expanded from INR981m in the March 2023 quarte...