Cement News tagged: Corporate
Quinn Cement launches product range in Ireland
Quinn Cement has launched a new range of bagged cement in Ireland following its success in Britain. The range represents an investment of EUR3m and includes three new cement products. Upon release in Britain, the products resulted in a significant increase in bagged cement sales. "We’re delighted to bring the new range to Ireland, particularly given the success we’ve witnessed in the British...
BUA Group plans new Ebonyi plant
Nigeria's BUA Group Ltd has announced plans to set up a plant in Okpoto, Ebonyi State. The company plans to use the large deposits of limestone and coal in the state and surrounding area to power and supply the facility. Alongside the demand for cement in the state, the facility is also expected to serve the southeastern market of the country. "We want to set up a cement plant here so that t...
UltraTech plants win awards at National Awards for Excellence in Energy Management
UltraTech has announced that five of its integrated cement manufacturing units have been recognised by the Confederation of Indian Industry (CII) at the 19th edition of the 'National Award for Excellence in Energy Management 2018'. Five manufacturing units of UltraTech Cement Ltd (UTCL) The awards included: 'Excellent Energy Efficient Unit' - Rawan Cement Works (RWCW) 'Best cemen...
Buzzi Unicem set to acquire 50% of Grupo Ricardo Brennand
Buzzi Unicem has signed an agreement with Grupo Ricardo Brennand aimed at acquiring 50 per cent of BCPAR SA, a subsidiary of Brennand Cimentos, including two integrated cement plants in Paraíba and Minas Gerais, Brazil. The agreement allows Buzzi Unicem to reach a 50 per cent stake in BCPAR SA after acquiring the totality of the shares held by the current minority shareholders, BNDESPAR and F...
UltraTech looks to increase presence in eastern India
UltraTech Cement is looking to increase its market share in eastern India to 23 per cent, due to the considerable growth in the region. "There is an excess demand in the eastern region. The capacity in east is less than the total demand, including in Bengal. The rise in cement consumption in east is 15 per cent, while nationally it is 5-6 per cent," said Dev Banerjee, joint president of Ultr...
Breedon's unaudited 1H18 results see revenues up 16%
Breedon Group Plc's interim results (unaudited) for 1H18 saw revenues up 16 per cent to GBP378.4m (US$378.4m) from GBP326.3m in 1H17. Profit before tax reached GBP30.4m down three per cent on GBP31.2m in 1H17. Net debt stood at GBP383.6m compared with GBP146.8m in 1H17. The company reported that it sold 9.3Mt of aggregates and 1.2Mt of asphalt and 1.6Mm 2 of ready-mix concrete in the peri...
Caribbean Cement receives approval for quarry projects
Jamaica’s Caribbean Cement Co Ltd has received approval from the National Environment and Planning Agency (NEPA) to develop a new limestone quarry and extend its existing gypsum quarry. The company expects to produce 200,000tpa of gypsum once it expands its Halberstadt quarry from 2ha to 6.7ha. The new 20ha limestone quarry at Harbour Head, St Andrew, would be contiguous to an existing quarr...
ASEC Cement starts Zahana exit negotiations
Qalaa Holdings announced that its subsidiary ASEC Cement has commenced negotations to exit Zahana Cement, in which it owns 35 per cent of shares. ASEC Cement has invested US$62m in Zahana Cement, which has a plant located some 40km from Oran, western Algeria. The cement producer upgraded the works to produce 0.75Mta and has been building a new 1.6Mta line, scheduled to come online at the sta...
Power Cement secures investment for plant upgrade
Arif Habib Corporation Ltd (AHCL) has called extra ordinary general meeting on 26 September to make an additional investment of US$11m in Power Cement Ltd (PCL), an associated undertaking of the corporation. PCL aims to install components/machinery to make its plant more energy efficient, according to a notification on the Pakistan Stock Exchange (PSX) on 4 September . This guarantee am...
Rizmy Rishard becomes director Siam City (Lanka) Ltd
Siam City Cement (Lanka) Ltd has announced the appointment of Rizmy Rishard as an Independent Director, to its Board, effective from July 2018. Mr Rishard brings with him extensive experience in business transformation, having played a local and global role in multinational and local conglomerates during his career spanning 25 years. Mr Rizmy is a Chartered Management Accountant and a Charte...
Shah Cement wins 'Superbrands' award
Shah Cement Industries Ltd of Bangladesh has won the 'Superbrands award 2018', in a award recipient's ceremony of Superbrands Bangladesh for 2018-20, held at Radisson Blu Dhaka Water Garden on 1 September. The company said, "leadership in Bangladesh cement market for over a decade, consistent product quality and superior service for customer confidence has taken Shah Cement to a new height."...
GCCA expands to 16 members
The Global Cement and Concrete Association (GCCA) expanded to 16 members last month, adding companies from Europe, South America and Asia. Buzzi Unicem, Cementos Argos, Cementos Pacasmayo, Çimsa Çimento, SCG Cement and Titan Cement were all welcomed to the association which launched earlier this year. Furthermore, the US-based Portland Cement Association has joined the GCCA as an affiliate. ...
SOBOCE to invest further in El Puente
Bolivia’s Sociedad Boliviana de Cemento SA (SOBOCE) is expanding the production capacity at its El Puente cement plant to meet the current and future cement demand in Tarija. The modernisation of the works represents an investment of BOB49m (US$7.1m) to date and started with the installation of a new crusher, pre homogenisation, raw material storage and transport as well as a new 10MW elect...
Nepal's banks loan US$140.5m to Hongshi Shivam Cement
Hongshi Shivam Cement of Nepal has been supported by a consortium of five of Nepal's commercial banks who have approved credit of US$140.48m to the 6000tpd Nepal-China joint venture. The joint venture required the loan to conclude financial closure of the new cement plant that begun trial production earlier this year. The banks involved include NMB Bank, Nepal Investment Bank, Prabhu Bank, Ev...
Cimentos de Maiaia signs coal deal with Vale
Mozambique’s Cimentos de Maiaia has awarded Brazilian mining giant Vale the contract for its coal supply. The initial deal is for 600tpa of thermal coal from Vale’s mines in the western Mozambican province of Tete. “Every quarter we will take about 200t, and after a year of this contract we shall increase our capacity to use coal from Vale”, said the managing director of Cimentos de Maiaia,...
Emisa to stop cement production
Emisa will cease to produce cement at its Oruro works, Bolivia. The company’s mills date from 1946 and are no longer able to compete effectively with newer plants. The company will focus on cement distribution in Oruro instead. Local workers were offered jobs in other plants, accept voluntary retirement or a redundancy package.