Cement News tagged: Corporate

Dandot Cement Co re-fired its kiln in December

11 March 2024, Published under Cement News

According to the1HFY23-24 financial report of Dandot Cement Co Ltd r eleased recently, the company officially commenced operations by lighting up the kiln in December 2023 and is currently in the testing phase. Nevertheless, the net loss for the period is PKR124.81m (US$0.48m) (Dec 2022: PKR126.28m), as no production was reported during the period due to Balancing, Modernisation and Replaceme...

Hoffmann Green extends contract with Bouygues Immobilier

11 March 2024, Published under Cement News

Hoffmann Green has announced a two-year extension of its partnership with Bouygues Immobilier, a key player in the French real estate development sector with a 70-year track record in the market. Signed in May 2022, the initial contract has been extended to 31 December 2025. According to Hoffmann Green, the renewal of its collaboration with Bouygues Immobilier reflects the success of the ...

José María Barroso to lead Canacem

11 March 2024, Published under Cement News

José María Barroso Ramírez, CEO of Cemento Moctezuma , has been appointed as the new president of Mexico's cement association, Canacem, for 2024-25. He succeeds Jaime Hill Tinoco, CEO of Holcim México . Mr Barroso has more than 40 years of cement industry experience, having served previously as commercial director at Cemento Montezuma and more than 30 years at CEMEX . He graduated from the...

Oman Cement Co envisages a series of upgrade plans

08 March 2024, Published under Cement News

Oman Cement ’s decision to set up a new cement plant at Duqm with a capacity of 5000tpd clinker remains under consideration. Simultaneously, the company is upgrading its capacity by debottlenecking and enhancing the existing Line 3 cooler from 4000 to 6500tpd at its existing Muscat plant, which will increase clinker quality and production capacity. In addition, the company decided to connect ...

Cementos Molins appoints new CEO

Cementos Molins appoints new CEO

08 March 2024, Published under Cement News

Cementos Molins has appointed Marcos Cela as the new CEO. He succeeds Julio Rodríguez, who has held the job for the last nine years. The change comes after Rodríguez’s request to resign from his duties as the company's chief executive officer, and will be effective as of end of June, following the Shareholders Annual General Meeting, when Mr Cela’s appointment is to be officially confirmed. ...

Breedon enters US with BMC Enterprises acquisition

07 March 2024, Published under Cement News

Breedon Group has announced its acquisition of BMC Enterprises Inc (BMC) for US$300m, marking the group’s entry into the US. BMC is a supplier of ready-mixed concrete, aggregates and building products, headquartered in St Louis, Missouri. The deal gives Breedon the opportunity to launch a scalable third platform. "This transaction will give us a platform that is well-placed to grow in th...

Arabian Cement Company sees profits surge in 2023

Arabian Cement Company sees profits surge in 2023

07 March 2024, Published under Cement News

Egypt's  Arabian Cement Company has reported net sales of EGP5.93bn (US$119.67m) in the year ended 31 December 2023, up from EGP4.55bn in the same period in the previous year. Gross profit advanced from EGP904.85m in 2022 to EGP1.33bn the following year. Net profit for the year after tax improved from EGP342.5m to EGP688m over the same timeframe, while earnings per share increased from EGP...

Pakistan International Bulk Terminal saw revenue surge by 38% in 1HFY23-24

07 March 2024, Published under Cement News

Pakistan International Bulk Terminal Ltd (PIBTL) recently released its 1HFY23-24 (July-December 2023) report at the Pakistan Stock Exchange (PSX). During the period, the company earned a net profit of PKR1.056bn (US$3.78m) against incurring a loss of PKR232m in the same six months of the last fiscal year. This positive profit development was possible due to an increase in revenue to PKR8.07bn,...

Breedon posts record revenue in 2023

07 March 2024, Published under Cement News

Breedon Group has announced record revenue of GBP1487.5m (US$1893.5m) in 2023, up seven per cent from the GBP1396.3m seen in the previous year. EBIT over the same period declined two per cent from GBP148m to GBP145.7m, while profit before tax slipped one per cent from GBP135.8m to GBP134.4m. According to the company, the record revenue was due to improved pricing, which offset a two per cent...

Shred-Tech Corp acquires CM Shredders LLC

06 March 2024, Published under Cement News

Shred-Tech Corp, a leading manufacturer of industrial shredding and recycling solutions, has acquired of CM Shredders LLC by its parent company The Heico Companies. This strategic move is a significant step forward in enhancing Shred-Tech's product portfolio, extending its global reach, and fortifying its North American manufacturing capabilities. CM Shredders is a recognised leader in the ...

Kunak wins SantanderX Global Challenge

06 March 2024, Published under Cement News

Kunak, a leading environmental monitoring   and Internet of Things (IoT) specialist, has won the SantanderX Global Challenge, an international competition that promotes the advancement of the digital economy through innovative solutions in the IoT. In the challenge Kunak competed with participants from 11 countries, where our proposal was recognised in the category of growing technology compa...

Leilac-2 moved to Ennigerloh plant

05 March 2024, Published under Cement News

Calix has confirmed that the Leilac-2 carbon capture project, which was to be installed at Heidelberg Materials’ Hanover plant in Germany, will now be constructed at the cement producer’s Ennigerloh plant, also in Germany. The decision to move the project was the result of Heidelberg Materials opting to end clinker production at the Hanover facility.  The Leilac-2 project aims to demo...

Northern Region Cement sells share in Al-Kubaisa plant

05 March 2024, Published under Cement News

Northern Region Cement Co has announced the sale of its 50 per cent stake in Cement Experts Co for Development and Investment to UAE-based AMP Global Trading. According to The People’s Network, the deal, which has been valued at US$55m, involves the Al-Kubaisa cement plant in Iraq, in which Cement Exports hold a 51 per cent share. With Northern Region Cement relinquishing its 50 per cen...

Holcim Block launched in Bangladesh

05 March 2024, Published under Cement News

LafargeHolcim Bangladesh Ltd (LHBL) has launched its ‘Holcim Block’ to grab a share of Bangladesh's US$3bn domestic brick market. Around 150 manufacturers are making concrete blocks in different parts of the country. In a media statement, chief corporate affairs officer of LHBL, Asif Bhuiyan, said: “Concrete blocks are more environmentally friendly and durable than conventional bricks. Du...

LafargeHolcim Maroc posts 3% pick-up in revenue

05 March 2024, Published under Cement News

LafargeHolcim Maroc reported a revenue of MAD8212m (US$816.2m) in 2023, up 2.8 per cent YoY from MAD7975m in 2022. The advance is attributed to higher cement sales and increased clinker exports. In the 4Q23 alone, revenue was up 2.3 per cent YoY due to higher cement sales in the domestic market. LafargeHolcim Maroc decreased its net debt by 11.3 per cent to MAD4864m at the end of 2023 from ...

Gharibwal Cement achieves a gross profit of PKR1.499bn in 1HFY23-24

05 March 2024, Published under Cement News

Gharibwal Cement Ltd (GWLC) of Pakistan announced its half-year financial results ending 31 December 2023, on 26 February 2024. The company saw a decrease in its profit to PKR685m (US$2.45m) in 1HFY23-24 from PKR1.12bn earned in the same period last year. This translated to a fall of 39.2 per cent in profit YoY. The major factor responsible for this fall was the increased cost of sales and o...