Cement News tagged: Corporate
Eriez® appoints John Blicha as VP Global Marketing & Brand Management
Separation technology specialist Eriez ® announces the promotion of John Blicha to Vice President, Global Marketing & Brand Management. Blicha will spearhead Eriez’ worldwide marketing and go-to-market sales strategies, according to Eriez President and CEO, Lukas Guenthardt. Blicha joined Eriez in 2012 as marketing communications manager and served most recently as senior director of ...
YTL Cement signs MoU to tackle standards and sustainability
YTL Cement Bhd has signed a Memorandum of Understanding (MoU) with Construction Research Institute (CIDB) Malaysia to promote sustainability within the country's construction sector. According to The Star, the MoU will focus on three key areas: human resources development, research and development, and support of the construction industry’s transition to sustainability. As part of the col...
Dandot Cement completes Punjab plant upgrade
Muhammad Kamran, company secretary of Dandot Cement Co Ltd, has stated that commercial production is expected to resume in the first quarter of the next financial year upon completing Balancing the Modernisation of Replacements (BMR) of 504,000t capacity at the Jehlum cement plant in Punjab, Pakistan. A regulatory filing to the Pakistan Stock Exchange (PSX) and the last financial report a...
China Resources Cement issues 1Q23 profit warning
China Resources Cement Holdings Ltd has issued a profit warning for the first quarter of 2023 ended 31 March. Over the three-month period, the company expects to report a loss attributable to owners of the company of between HKD35m-45m (US$4.46m-5.73m), compared to a profit of HKD729.5m in the same period a year earlier. The loss has been attributed to the lower selling prices of the grou...
Dalmia Bharat outlines next phase of expansion
Dalmia Bharat Ltd is planning to expand its cement production capacity to 75Mta by 2027, from its current capacity of 39Mta. The first phase of this expansion will see capacity increase to 54Mta by the close of FY23-24. Through these expansion plans, the company is aiming to reduce its exposure in the east-south region and focus primarily on the western, mid and northern regions, according t...
Indian cement volumes forecast to rise 6% in 4QFY22-23
India’s cement sector is expected to see growth in the 4QFY22-23 of around six per cent YoY and 13 per cent QoQ, according to a new report by Antique Stock Broking Ltd (ABS). Industry volume is predicted to reach around 109Mta with a utilisation rate of 80 per cent in the 4QFY22-23. UltraTech Cement has already reported grey cement volumes of 30Mt, up 14 per cent YoY, implying a utilis...
Mixed January-March results for Taiwan’s cement producers
Taiwan-based Asia Cement Corp saw its revenue slip by 0.1 per cent to TWD8152.982m (US$267.17m) in March 2023 from TWD8160.414m in March 2022. In the January-March 2023 period the company’s quarterly revenue was down 2.4 per cent to TWD19,208.712m from TWD19,681.816m in the January-March 2022 period. Meanwhile, Lucky Cement Co saw a 26.1 per cent increase in revenues to TWD436.03m in Marc...
Gareth Meese promoted to Eriez-Europe MD
Magnet specialist, Eriez ® has promoted Gareth Meese to Managing Director of Eriez-Europe. In this key leadership role within the company’s global group, Mr Meese will be responsible for driving the growth and development of Eriez-Europe, ensuring that its plans align with the organisation’s worldwide corporate strategies. Mr Meese began his career with Eriez as an export sales engineer a...
Titan reports on record 2022
Titan Cement Group has published its 2022 Integrated Annual Report, which outlines the group’s financial, as well as environmental, social and governance (ESG) performance. According to the company, 2022 was a year of record sales and strong profitability growth in all markets and significant progress towards the group’s ESG targets for 2025 and beyond. In terms of its financial perform...
Samson Materials Handling Ltd appoint new MD
Martin Dummigan has been appointed Managing Director of SAMSON Materials Handling Ltd, Ely, UK, member of the AUMUND Group of companies, effective from the 1 April 2023. He brings with him more than 30 years of leadership experience in manufacturing and business development with global organisations. "I am delighted to welcome Martin Dummigan to the AUMUND Group. He will be a tremendous...
Cementos Molins acquires Tecnoresil
Cementos Molins has acquired 100 per cent of Tecnoresil, a company that manufactures and distributes chemical products for industrial and decorative flooring, through its construction solutions subsidiary Propamsa. With this acquisition, Cementos Molins strengthens its strategy of expanding its range of construction solutions. With the acquisition of Tecnoresil, a company with over two de...
Sagar Cements suspends production at Mattampally
India's Sagar Cements Ltd announced on 6 April 2023 that it was suspending clinker production at its plant in Mattampally , Telangana State. The shutdown is due to maintenance works and is expected to last for 15 days.
Huaxin acquires majority stake in Oman Cement
Oman Cement Company SAOG has confirmed the successful completion of a share purchase agreement between The Investment Authority Company SPC (representing the government’s stake in the cement manufacturer), and Huaxin (Hong Kong) International Holdings Limited. Under the agreement signed last month, Huaxin acquired 59.58 per cent the share capital of publicly traded Oman Cement for a conside...
Wonder Cement commissions Aligarh grinding unit
Wonder Cement Ltd has taken a step towards commitment to provide the best cement with the commissioning of its state-of-the-art grinding unit at Aligarh , Uttar Pradesh, India, with an installed capacity of 2Mta. On the auspicious occasion of Mahavir Janma Kalyanak, PC Jain (Head - Grinding Unit) and Ashish Chandravat (Unit Head - Aligarh Grinding Unit) led their dedicated team in lig...
Heidelberg Materials acquires RMS Gravel Inc
Heidelberg Materials has acquired all operating assets and reserves of RMS Gravel Inc, a producer of high-quality sand and gravel products located in the Central New York market. The assets of RMS include a single quarry with a fixed processing plant, five portable crushing plants and a material hauling business. “The acquisition of RMS further strengthens our vertically integrated foo...
Hanson Padeswood to form part of new UK CCUS clusters
The UK Government has confirmed Hanson ’s Padeswood carbon capture and storage project, based in north Wales, UK, as one of eight projects to be taken forward to negotiations to form the basis of the UK’s new carbon capture, utilisation and storage (CCUS) clusters. This announcement follows the confirmation in the government’s spring budget of GBP20bn (US$25bn) investment for research into...