Cement News tagged: Corporate
HeidelbergCement Trading becomes Heidelberg Materials Trading
HeidelbergCement Trading has become Heidelberg Materials Trading. According to the company, the rebranding is part of ongoing efforts to align the company under one unified identity. “As the building materials industry continues to evolve, we have expanded our product offerings beyond cement, including trading of supplementary cementitious materials such as GBFS, fly ash, and pozzolans, ...
Holcim expands presence in US roofing market
Holcim has acquired a state-of-the-art fibreglass mat facility in Maryland, USA, from an affiliate company of Maryland Paper. This transaction expands Holcim’s technology platform for high-performing and durable roofing systems. By integrating fibreglass mat into its business, Holcim aims to deliver more value for its customers with an enhanced supply chain. According to the company, this in...
Sagar Cements sees profits tumble in 2022
India's Sagar Cements Ltd (SCL) has reported unaudited consolidated revenue from operations of INR5757.3m (US$70.7m) in the quarter ended 31 December 2022, up from the INR3336m seen in the same period a year earlier. However, a net loss of INR271.9m was recorded over the three-month period, compared to a profit of INR97.8m in the comparable period in 2021. Over the same period, power and fue...
UltraTech Cement Ltd posts consolidated net sales of INR152,990m in 3QFY22
UltraTech Cement Ltd ( Aditya Birla Group ) has announced its financial results for the quarter ended 31 December 2022. Consolidated net sales totalled INR152,990m (US$1.88bn) compared to INR127,100m over the corresponding period of the previous year. Profit after tax was INR10,580m as compared to INR11,730m in the 3QFY21-22, resulting in subdued margins. Domestic grey cement sales ...
Holcim extends aggregates reach with US acquisition
Holcim has acquired the sand and aggregates quarries of Pioneer Landscape Centers, a market leader in the fast growing metropolitan US markets of Denver, Phoenix and Colorado Springs and a major supplier of construction aggregates for the region. The transaction includes thirteen quarries and complements Holcim’s December 2022 acquisition of aggregate reserves in Greeley, Colorado. Accor...
Beumer appoint new centre of competence divisional director
Since the beginning of the year, Kay Wieczorek has headed BEUMER’s Centre of Competence (CoC) Product Business as divisional director. CoC Product Business is responsible for the cement, building materials, chemicals and fast-moving consumer goods (FMCG) divisions. The 38-year-old studied Sales Engineering and Product Management at the Ruhr University in Bochum, Germany. He has been with the ...
Holcim receives EUR328m funding for CCUS projects
Holcim has received EUR328m (US$355.36m) in funding from the European Union's Innovation Fund for two carbon capture, utilisation and storage (CCUS) projects. The schemes in Poland and Germany are part of Holcim's net-zero roadmap, including over 50 CCUS projects worldwide, and put the company one step closer to creating one of the world’s first climate-neutral cement plants. Miljan Guto...
Cementos Artigas commissions new grinding plant
Cementos Artigas has started up its new grinding and dispatch plant in Minas, Uruguay. The US$40m investment represents significant improvements in terms of cost efficiency and environmental performance and will bring the company’s total cement production capacity to 0.67Mta. The new plant includes a new high-efficiency vertical cement mill, a multi-compartment silo and a high-productivit...
Cementos Portland Valderrivas plans EUR5.48m Hontoria investment
Cementos Portland Valderrivas plans to invest EUR5.48m in the installation of a chlorine bypass at its plant in Hontoria , Palencia, Spain. The bypass will enable the plant to increase the use of alternative fuels and reduce its carbon emissions. While still awaiting final company sign-off, the project has been approved by the General Secretariat for Industry and will receive a subsidy of...
Pakistan exports to the USA for the first time
Pakistan’s DG Khan Cement Co (DGKCC) has announced that it will export 600,000t of low-alkali cement to the USA each year. This marks the first time Pakistan has exported cement to the USA, according to Farid Fazal, executive director, DGKCC. The first consignment of 50,000t was dispatched in June 2022, with a second shipment of 37,500t leaving for Houston this month. The third delivery ...
Asia Cement forecasts 75% fall in profit
Asia Cement (China) Holdings Corp has issued a profit warning stating that its unaudited profit attributable to equity holders for 2022 is expected to decline by approximately 75 per cent YoY. This is being blamed on a fall in sales volumes and selling prices of the company’s products, along with an increase in the cost of coal, compared to 2021. Full results for 2022 will be publ...
Italcementi is moving its HQ and embracing new brand name
Italcementi is moving its executive offices in Italy from the Kilometro Rosso district in Bergamo to the Milan metropolitan area and preparing to embrace the new global ‘ Heidelberg Materials ’ brand. “In an increasingly global world,” explains Roberto Callieri, CEO of Italcementi, “an ambitious company must have the foresight to make important choices for its future, such as that of...
Dangote Cement appoints new CEO
Dangote Cement Plc has named Arvind Pathak as the company’s new chief executive/managing director. Mr Pathak will replace Frenchman Michel Puchercos, who will leave his position at the end of February after three years at as CEO. Arvind Pathak starts in his new position from 1 March. Mr Pathak led India’s Birla Corp, a cement producer, before he became the chief operating officer and d...
Bullish 4Q22 results expected for Saudi Arabian producers
Twelve Saudi Arabian cement companies' aggregate profit listed on Tadawul are expected to surge 101 per cent YoY and 20 per cent QoQ to SAR617m (US$164.5m) in the 4Q22, according to a local research house. Argaam sees bullish forecasts for most Saudi Arabian cement producers in the 4Q22 compared to the year-earlier period. Tabuk Cement Co , Yamama Cement Co , Yanbu Cement Co , City Ceme...
FLSmidth announces 4Q22 and 2022 results
FLSmidth announced that its full-year 2022 preliminary and unaudited results are in line with guidance, the cement sector recording DKK1.6bn (US$232.7m) in revenues in the 4Q22 and DKK6.3bn (US$916.2m) in 2022. EBITDA margin totalled 4.3 per cent in the 4Q22 for cement and 3.3 per cent for the 2022. The 4Q22 and 2022 results included costs related to the thyssenkrupp mining acquisition of D...
GCP joins WCA as associate corporate member
GCP, part of Saint-Gobain Construction Chemicals, as joined the World Cement Association (WCA) as an associate corporate members, said WCA in a statement. GCP’s recent integration with Saint-Gobain has expanded the company’s reach and expertise. Saint-Gobain Construction Chemicals offers cement additives, concrete admixtures and specialty building materials, through the combined ventures of ...