Cement News tagged: Corporate
Holcim acquires Sivyer Logistics
Holcim has acquired Sivyer Logistics, a leading producer of recycled construction and demolition waste (CDW) for the London construction market. Sivyer currently handles around 1Mta of materials, using state-of-the-art recycling and recovery technologies to recover over 500,000t of recycled aggregates and manufactured soils. The acquisition represents a further step toward driving circular c...
Flender Group appoints new CEO
German drive specialist Flender has announced that Christian Terlinde will take over the company’s Group CFO position starting 1 July 2023. Terlinde is currently Group CFO at German commercial vehicle supplier Jost Werke SE. Flender Group CEO, Andreas Evertz, said: “I am very happy that we could win Christian Terlinde for Flender. He is the finance and controlling expert that we have be...
Indocement sees 3% rise in profit in 2022
PT Indocement Tunggal Prakarsa Tbk (INTP), part of Heidelberg Materials , reported a profit of IDR1.84trn (US$123.2m), up three per cent YoY, in 2022. Net revenue was up 10.5 per cent to IDR16.32trn when compared with 2021, when net revenue reached IDR14.77trn. INTP’s cement sales to third parties in 2022 saw a 9.9 per cent YoY increase to IDR14.75trn, while ready-mixed concrete sales adv...
ABB ramps up US investment
Electrification and automation specialist, ABB is accelerating its growth strategy in the USA by investing approximately US$170m and creating highly-skilled jobs in manufacturing, innovation and distribution operations. ABB is committed to growing in the US by investing in its electrification and automation businesses that meet increased demand from industry-leading customers, while suppor...
Holcim partners with Norman Foster Foundation on housing project
Holcim and the Norman Foster Foundation will announce the launch of their Essential Homes Research Project in Venice on 17 May, during the 2023 Architecture Biennale. In this partnership, the Norman Foster Foundation designed essential housing to provide safety, comfort and wellbeing for displaced communities who can live in temporary settlements for over 20 years. Holcim built these essentia...
Holcim Romania expands aggregates portfolio
Holcim Romania has expanded its aggregates division by acquiring Stones Business Development SRL, one of the main suppliers of aggregates in the Bucharest-Ilfov area of Romania. With this transaction, Holcim has secured a volume of high-quality aggregate reserves and strengthened its position including in the Bucharest-Ilfov area, one of the areas with the highest growth in the construction ...
UltraTech sees 12% hike in sales volume in FY22-23
UltraTech Cement , part of Aditya Birla Group , has reported a 12 per cent advance in consolidated sales volume, including its overseas operations in UAE, Bahrain and Sri Lanka, to 106Mt in the FY22-23, ending March 2023. In the 4QFY22-23 sales volumes were up 15 per cent YoY to 30Mt from 26Mt while consolidated sales increased by 14 per cent YoY to 32Mt from 28Mt.
CICSA Group completes CADERSA acquisition
Italy-based CICSA Group has completed the acquisition of CADERSA Cadenas y Derivados SL of Barcelona, a company leader in Spain in the production of mechanical chains for bulk materials handling applications. In its almost 50 years of activity, CADERSA has proved a strong focus on high-quality production, with particular attention to the markets of the Iberian Peninsula, north Africa, and L...
Cemex considers exiting Phillipines
Cemex is considering exiting the Philippines as part of its ongoing strategy to focus on markets with higher growth and lower risk. Cemex currently owns 89.86 per cent of Cemex Holdings Philippines (CHP) through Cemex Asian South East Corp (CASEC) and runs two plants, located in Antipolo and Cebu , with a total production capacity of 5.7Mta. According to Bilyonaryo, CHP has struggled t...
Bamburi Cement to open a new shale quarry
Kenya-based Bamburi Cement (part of Holcim )will be opening a new shale quarry in Kwale County to serve a new cement plant. The quarry is expected to supply around 20 per cent of the total resource material for the clinker production process. Bamburi plans to scale up its south coast business and establish a 5000tpd clinker plant, said the company’s former CEO, Seddig Hassani. The site is...
Holcim to invest over US$2bn in CCUS
Holcim plans to invest CHF2bn (US$2.187bn) by 2030 in carbon capture, utilisation and storage (CCUS) technologies to capture more than 5Mt of CO 2 each year. According to its second climate report, the company aims to reach 420kg of CO 2 per tonne of cementitious materials by 2030. Jan Jenisch, CEO of Holcim, said, “Holcim is accelerating its climate action with upgraded net zero targ...
Ciments du Maroc posts 25% drop in net profit in 2022
Morocco-based Ciments du Maroc , part of Heidelberg Materials , has reported a turnover of MAD4.043bn (US$395.4m) in 2022, representing a decrease of 2.1 per cent YoY from MAD4.128bn. The construction sector in Morocco was impacted by a significant slowdown in 2022, which worsened in the second half of the year, due to the global geopolitical context and draught affecting the country’s agric...
Bestway Cement opens 2.3Mta Mianwali plant
Pakistan’s Bestway Cement has begun operations at its greenfield plant in District Mianwali. The plant is Bestway's eighth production line with a cement production capacity of 2.3Mta. The state-of-the-art and environmentally friendly works has its own 9MW waste heat recovery plant and 20MW solar power plant, enabling it to meet over 50 per cent of its energy requirements through green and re...
Buzzi Unicem Group net sales rise 16% in 2022
Buzzi Unicem 's group net sales rose to EUR3996m, up 16 per cent from EUR3446m in 2021. However, cement sales of 28.33Mt in 2022 marked a decline of 9.2 per cent from the 31.2Mt recorded in 2021. Ready-mix sales for the group also slipped to 11.51Mm 3 , down 5.2 per cent from 12.14Mm 3 achieved in 2021. Group EBITDA totalled EUR892m in 2022, up 11.2 per cent from the EUR795m achieved in ...
BBMG Corp posts 17% fall in revenue in 2022
China’s BBMG Corp has posted a 16.8 per cent YoY decline in revenue in 2022 to CNY102,822.2m (US$14,938m). Net profit over the same period fell 66.6 per cent to CNY1739.9m, while basic earnings per share contracted from CNY0.27 to CNY0.11. Sales of cement in 2022 came in at 78Mt, while clinker sales reached 8.9Mt, giving a combined annual sales volume of 86.9Mt, marking a 12.8 per cent YoY dec...
JK Cement boosts capacity by 2Mta
India's JK Cement has increased its cement production capacity by 2Mta. Its integrated Mangrol plant has expanded its capacity by 0.5Mta from 3.25Mta to 3.75Mta, while its integrated Muddapur works has increased its capacity from 3Mta to 3.5Mta. Its grinding unit at Jharli has seen its capacity advance from 1.5Mta to 2Mta, and the company’s Aligarh grinding plant has added 0.5Mta, ta...