Cement News tagged: Corporate
Hoffmann Green gets Chinese patent for its clay-based cement
Hoffmann Green Cement Technologies has been granted a Chinese patent for its clay-based H-EVA cement. One year after the granting of the Chinese patent for its H-P2A binder, the company is further developing its intellectual property in this territory with the granting of a patent for its zero per cent clinker H-EVA cement. After more than three years of analysis, the H-EVA patent has been v...
Heracles Group set to acquire Larsinos SA
Heracles Group ( Holcim group ), announces the agreement to acquire 100 per cent of Larsinos SA. This acquisition is part of Heracles Group’s growth strategy. The agreement is subject to the approval by the Greek Competition Commission. Larsinos SA is a fast-growing ready-mix concrete company with assets that include commercial plants, on-site/jobsite ready-mix concrete, aggregates ...
Dangote Cement opens US$130m commercial paper offer
Dangote Cement is currently raising NGN60bn (US$130.7m) through the issuance of commercial paper, under its NGN150bn commercial paper programme, reports The Nigerian Observer. The offer opened on 3 March 2023 and will close on 7 March 2023. The funds raised will be used for working capital requirements and general corporate purposes, the company stated in the offer document. The offer com...
Bedeschi opens materials handling excellence centre
Bedeschi SpA is excited to announce the opening of the new Bedeschi materials handling excellence centre in Germany. This centre enriches the company’s already strong engineering backbone in Italy and will focus on the fields of port handling, stockyard equipment and wagon unloading. Dr Reza Poorvash will act as the CEO of the new subsidiary based in Saarbrücken, Germany. Together w...
CRH proposes moving stock listing to New York
CRH is considering moving its main stock market listing from London to New York. According to the company, around 75 per cent of its income comes from the North American market. In 2022 its materials business reported 15 per cent YoY growth in the Americas, with the US Infrastructure Investment and Jobs Act, Inflation Reduction Act and Chips Act all helping to fuel a boom in construction ac...
Lafarge Africa sees net sales improve 27% YoY
Lafarge Africa Plc has reported a 27.3 per cent rise in net sales in FY22 to NGN373.2bn (US$812.9m), compared to NGN293.1bn in FY21. Recurring EBIT over the same timeframe advanced by 29.3 per cent to NGN84.2bn with the recurring EBIT margin moving from 22 per cent in FY21 to 23 per cent a year later. Earnings per share over the same period improved by 5.2 per cent from NGN3.17 to NGN3.33. ...
BEUMER Corp appoints new CEO
Markus Schmidt Named CEO of BEUMER Corp BEUMER Corp (BEUMER Group) has named Markus Schmidt as president and chief executive officer. Mr Schmidt joins the company effective immediately. As the new CEO, Mr Schmidt will work closely with the talented team at BEUMER Corp to build on the company's strong legacy and drive continued growth and success. The company is committed to ...
CRH revenue up 12% YoY in 2022
CRH plc has reported a 12 per cent YoY increase in sales in 2022 to US$32.7bn. EBITDA over the same period advanced by 13 per cent to US$5.6bn, while the EBITDA margin is up 10bps to 17.2 per cent. Earnings per share (EPS) in 2022 improved by 14 per cent YoY at US$3.50. Commenting on the results, Albert Manifold, chief executive of CRH, said: “Our 2022 performance reflects the outstandin...
Holcim launches digital twin cement plant in Switzerland
Holcim claims it has launched the world’s first cement plant digital twin, a real-time 3D virtual model accurately replicating one of its sites in Switzerland. The digital twin integrates Holcim’s enterprise software and performance prediction algorithms with the 3D model, enabling faster, more efficient and more reliable operations at minimal cost. The project is part of Holcim’s ...
Cementarnica Usje posts 13% drop in net profit in 2022
Cementarnica Usje , the North Macedonian subsidiary of Titan, reported a 13 per cent YoY drop in net profit to MKD1bn (US$17.2m) in 2022 as costs increased. Operating expenses were up 41 per cent YoY to MKD5.8bn in 2022 as raw material costs increased by 67 per cent YoY to MKD3.5bn. Operating revenue advanced 25 per cent YoY to MKD6.7bn in 2022. Sales within Macedonia increased 26 per c...
Dangote Cement's corporate social responsibility work gains recognition
Dangote Cement has scooped a number of awards in Zambia and Senegal in recognition of its corporate social responsibility actions. In Senegal the Conseil National du Patronat (CNP) acknowledged the cement producer's local subsidiary for planting hundreds of trees to mitigate against desert encroachment in various parts of the country, reports The Day Live. Meanwhile, in Zambia, Dangot...
Fecto Cement posts 35% revenue growth
Pakistan’s Fecto Cement Ltd has reported revenue of PKR4145m (US$15.15m) in the six months ended 31 December 2022, marking a YoY increase of 34.8 per cent. Local sales revenue was up 32.7 per cent YoY to PKR3959m, while export revenue advanced by 102 per cent YoY to reach PKR186m. According to the company, the increase was driven by improved selling prices. Over the six-month perio...
Holcim Philippines reiterates commitment to decarbonisation
Holcim Philippines, Inc has reiterated its readiness to support partners in decarbonising construction and putting up affordable homes and called for cooperation to accelerate the shift towards more sustainable practices. Holcim Philippines’ president and CEO, Horia Adrian, emphasised the important role of the construction industry in reducing the country’s carbon emissions. He noted that...
MP Birla Cement opens first ready-mix plant
MP Birla Cement has launch its first ready-mix concrete plant at Lucknow, Uttar Pradesh, India. Present at the opening were stakeholders led by the company’s MD, Mr Sandip Ranjan Ghose. Produced in fully computerised automated batching plants with advanced testing, MP Birla Cement Perfect Plus RMC caters to the construction requirement of residential and commercial projects like high-rise bui...
Abyssinia Cement ownership moves to ZayRide founders
The founders of Ethiopia’s pioneer taxi service, ZayRide, have added Abyssinia Cement to their investment portfolio for ETB600m (US$11.2m), according to Capital Ethiopia. Abyssinia Cement operates a 0.85Mta integrated cement plant at Chanco, 45km north of the capital Addis Ababa in the Oromia region. Habtamu Tadesse, CEO of ZayRide, said that the cement industry was one of the country’s ...
Dangote Cement’s pan-African operations sales fall 8% in FY22
Dangote Cement ’s pan-African operations sold around 10Mt of cement and clinker in 2022, down 8.1 per cent from the 10.9Mt sold in 2021. “This is due to the continuous global supply chain disruption and increasing commodity prices,” said Dangote Cement. Pan-African revenues of NGN414.8bn (US$900.8m) were 4.4 per cent higher than 2021. The region’s revenue accounted for 25.6 per cent of total...