Cement News tagged: Corporate
UltraTech Cement listed in 'Best of Indian Brands 2023'
UltraTech Cement Ltd has ranked 28th in Interbrand’s ‘Best Indian Brands 2023’ ranking list. UltraTech is the only cement brand to be featured in the 2023 list. Interbrand, a leading global brand consultancy firm, recently unveiled the ‘Best Indian Brands 2023’ rankings. UltraTech has been one of the only few brands that has been part of the Best Indian Brands table since its inception in...
Adani Group rebuilds investor confidence
The Adani Group, which owns Ambuja Cements and ACC Ltd , is reportedly targeting 20 per cent YoY growth in pretax profits to INR900,000m (US$10,971m) within the next 2-3 years. According to Live Mint, the growth is expected to come from various sectors, including cement, airports, energy, logistics and power. The group has recently repaid loans amounting to US$2.65bn as part of a prepayment...
Aggregate Industries debuts London's first electric concrete mixer
Aggregate Industries (part of Holcim ) has announced the launch of London’s first electric-powered concrete mixer. The state-of-the-art 26t mixer will serve the company’s London Concrete arm, supplying essential ready-mix concrete materials across the capital. Expected to be put to immediate use, the custom-built Renault Trucks vehicle will constitute the second operational electric mixer t...
Lafarge Africa launches Eco Label
Lafarge Africa Plc (part of Holcim ) has announced the launch of its Eco Label branding to help communicate the environmental benefits of its sustainable building solutions and build on the company’s net zero pledge. Eco Label represents a broad range of green cements for high performance, sustainability and circular construction, says the cement producer, Lafarge’s UniCem brand, which...
Power Cement reprofiles outstanding long-term obligations
Power Cement Ltd 's Company Secretary, Salman Gogan, informed Pakistan Stock Exchange (PSX) that in the wake of rising inflationary pressures, high-interest rates and depressed local demand, the company has finalised an arrangement with a local syndicate of banks to re-profile its outstanding long-term obligations of PKR11.9bn (US$41.8m). The local syndicate of banks, in respect of th...
Chovet joins World Cement Association
Industrial engineering services company Chovet has the World Cement Association (WCA) as an associate corporate member. Chovet, based in Lyon, France, has been designing and building cement, lime, and various mineral treatment plants for over 50 years, collaborating with partners ranging from Lafarge, Holcim, Heidelberg Materials, Vicat, Cem’In’Eu, Al Safwa, to the Ministry of Economy and F...
Derba Cement to expand capacity to 15,000tpd
Ethiopia-based Derba Midroc Cement , part of the Midroc Ethiopia plc , plans to expand its cement capacity to double its daily production to 15,000tpd with a new plant in Mughar Valley, Oromia – not far from its existing plant. When completed, the producer will be the largest cement producer in Ethiopia. To implement the project, Derba looks to sign an agreement with China National Buildi...
Ambuja Cements and ACC scoop sustainability awards
Ambuja Cements and ACC , part of the Adani Group , have been recognised among ‘India's Top 50 Most Sustainable Companies’ by BW Businessworld. Ambuja Cements has also been named among ‘India’s Top 3 Most Sustainable Companies in the Infrastructure and Engineering Sector’ on the back of its “dedication to sustainability and outstanding success”, according to the company. Ajay Kapur, CEO...
Barak Valley Cements announces resignation
India-based Barak Valley Cements Ltd has announced the resignation of director, Dhanpat Ram Agarwal, with immediate effect, reports Dow Jones Newswire. Mr Agarwal is leaving the company “on account of personal reasons and other professional commitments”, according to the company.
Hoffmann Green to build four new units in Saudi Arabia
Hoffmann Green Cement Technologies has agreed to collaborate with Shurfah Holding to build four Hoffmann units in Saudi Arabia. As part of Saudi Vision 2030, Shurfah Holding and Hoffmann Green have been in talks for over a year with the aim of developing low-carbon Smart Cities. In 2022 the two companies signed a preliminary letter of intent to a test phase which enabled Hoffmann clinker-fre...
Attock Cement sells Iraqi unit for US$11.7m
Attock Cement Ltd of Pakistan has updated Pakistan Stock Exchange (PSX) about selling its 60 per cent share in its Iraqi grinding plant on 21 June 2023. Company Secretary, Irfan Amanullah, has informed PSX that the agreement for the sale of the entire shareholding of the company in its subsidiary ‘ Saqr Al Keetan for Cement Production Co Ltd ’ reached, and the company has received a sum o...
Heidelberg Materials celebrates 150-year anniversary
Heidelberg Materials is celebrating its 150th company anniversary this year and on 20 June, a “150 years of progress” ceremony was held with guests and employees at the headquarters in Heidelberg, Germany. “150 years of Heidelberg Materials – these are 150 years that have been shaped by people whose innovative spirit and courage have led to constant change. We owe it to them and their com...
N+P Group completes Niramax Group Ltd acquisition
N+P Group (N+P) has announced the completion of an asset purchase agreement for the assets of Niramax Group Ltd Hartlepool, a waste-processing facility. The deal excludes the tyre recycling facility, which is a separate Hartlepool-based company. With the signing of this deal, N+P expands its footprint in the Northeast of the UK with a site capable of processing 300,000t of non-recyclable wast...
Afrimat acquires Lafarge South Africa Holdings
Lafarge South Africa Holdings (LSA) is being acquired by South Africa-based mining and materials company, Afrimat, The deal includes all the subsidiaries of the LSA Group, which will become part of Afrimat’s Construction Materials division. LSA Group, a member of the Holcim Group, currently supplies a range of products to the construction industry, including cement, concrete, aggregates...
Buzzi Unicem sells Ukraine operations to CRH
Buzzi , through its fully owned subsidiary Dyckerhoff GmbH , has reached an agreement to sell some of its businesses in Eastern Europe to CRH , a leading building materials solutions company, for a consideration of EUR0.1bn. The transactions include the business in Ukraine and ready-mix concrete assets in east Slovakia. Completion of the transaction in Ukraine is subject to the granting ...
Adani Group in talks with more lenders over acquisition loan
The Adani Group is reportedly in talks with at least five new international banks regarding its refinancing of US$3.8bn of loans taken for its acquisition of ACC Limited and Ambuja Cement in 2022. According to The Economic Times, the majority of the group’s existing lenders, including Standard Chartered, Barclays and Deutsche Bank, will also participate in the refinancing round. The grou...