Cement News tagged: Corporate
Buzzi SpA acquires 100% control of Cimento Nacional
The acquisition of Cimento Nacional in Brazil has been completed. Buzzi SpA has completed the acquisition from Grupo Ricardo Brennand of a 50 per cent stake in Cimento Nacional (NCPAR) , the equal joint venture through which Buzzi has been operating in Brazil since 2018. As a result of this acquisition, Buzzi now holds 100 per cent control of NCPAR. NCPAR owns five fully integrated ce...
Cherat Cement exports increased by 22% in FY24
Cherat Cement Co Ltd has released a detailed report for FY24. The 43rd Annual General Meeting will be held on 16 October 2024, to approve the account for the same financial year. The company will consider and approve the payment of the final cash dividend at 40 per cent (PKR4 per share). This is in addition to an interim cash dividend at 15 per cent (PKR50 per share) already paid to the shar...
Wonder Cement to increase its number of IKN clinker coolers
Wonder Cement has ordered several IKN Pendulum coolers for its Nimbahera cement plant . The coolers will be installed on existing lines 1 and 2 and a new line 5 at the Nimbahera facility in Chittorgarh, Rajasthan, India. Each of the clinker coolers has a capacity of 8500tpd. The company will operate a total of five IKN coolers, once the installations are completed. Mr Yogender and Mr ...
Calderys appoints new Chief Financial Officer
Calderys has announced its appointment of Sander Bovee as Chief Financial Officer (CFO), effective from 1 October 2024. Mr Bovee is a seasoned financial professional with experience leading global teams and businesses. He joins from Nouryon (previously AkzoNobel Specialty Chemicals), a specialty chemicals company operating in over 80 countries with annual turnover exceeding US$5bn. Over t...
Thatta Cement achieves 22.57% increase in local cement dispatches
The directors of Thatta Cement Co Ltd (TCCL) have released a financial report and the company’s audited financial statements for the fiscal year ending 30 June 2024. In the FY23-24, the company achieved a 22.6 per cent increase in local cement dispatches compared to the previous year. An impressive 39 per cent rise matched this surge in volume in revenue. The revenue growth is largel...
Dewan Cement Ltd reported a net loss of US$1.72m for FY23-24
Dewan Cement Ltd (DCL), a major cement producer in Pakistan, has reported a net loss of PKR509.7m (US$1.72m) for the financial year ended 30 June 2024 (FY23-24), slightly improving from a loss of PKR586.3m in the previous fiscal year. The company’s net turnover increased by 10.5 per cent to PKR22.319bn, up from PKR20.199bn in the FY22-23 period. Despite the rise in turnover, the cost of s...
Holcim invests in new cooler and PV plant at Mannersdorf
Holcim will invest EUR10m in a new clinker cooler system to reduce heat consumption and save 18,000tpa of CO 2 at its plant in Mannersdorf , Austria. The project is scheduled for completion in the spring of 2025. In addition, the first phase of the plant’s new photovoltaic system has been completed. Solar panels with a capacity of 2.7MW were built on the site of the former chimney at the...
PPC cement sales fall in 4M24-25
PPC cement sales declined 4.6 per cent in South Africa and Botswana in the first four months of FY24-25. However, revenue increased by 1.6 per cent YoY, supported by a 5.5 per cent hike in prices. The company said it would continue to focus on the turnaround of its cement businesses to improve profitability and cash generation, focussing on people, organisational culture, processes as well a...
Ethiopia's PM inaugurates Lemi National Cement Plant
Ethiopia's Prime Minister, Abiy Ahmed, inaugurated the Lemi National Cement Plant in the Lemi Building Materials Park, about 150km north of the country’s capital Addis Ababa. The new plant has a capacity of 15,000tpd (4.95Mta). During the inauguration of the mega plant, Abiy said the project was "a true model of fast and efficient delivery of critical infrastructure." He congratulated all ...
Gharibwal Cement posts 15% increase in FY net profit
Gharibwal Cement Ltd reported a net sales revenue of PKR18.165bn (US$65.5m) in the financial year ended 30 June 2024 (FY23-24), down 0.8 per cent from PKR18.316bn in the FY22-23. The Pakistani cement producer posted a gross profit PKR3.775bn, representing a 0.5 per cent decrease when compared with the year-ago period when gross profit was PKR3.793bn. Profit from operations slipped by 1.2 p...
Hoffman Green Technologies to supply clinker-free cements for eco-friendly swimming pools
Hoffmann Green Cement Technologies , a leading innovator in the development of clinker-free cement, has signed a partnership with Groupe Piscines Magiline, a prominent swimming pool manufacturer, aimed at reducing carbon emissions in pool construction. The agreement, set to run until 2026, focusses on promoting Hoffmann Green’s low-carbon cements throughout Piscines Magiline’s extensive netwo...
Ambuja is first global cement company to join Alliance for Industry Decarbonization
Ambuja Cements , part of the Adani Group, has become the first cement company in the world to join the Alliance for Industry Decarbonization (AFID). The alliance, coordinated by the International Renewable Energy Agency (IRENA), is aimed at accelerating the transition to Net Zero in energy-intensive sectors in line with the Paris Agreement. This move underscores Ambuja's commitment to achievi...
SCIMAT exports 60,000t of clinker in YtD
Société des cements d'Ain Touta (SCIMAT), part of Group Industriel des Ciments d'Algérie (GICA), has exported 60,000t of clinker since the start of 2024, according to Maamar Bahloul, the company's CEO. The majority of the clinker shipments were delivered to Tunisia. Last year, the company exported 260,000t of clinker. SCIMAT intends to increase its exports, both in existing markets and new o...
Cement Hranice records 29% rise in 2023 profit
Czech cement producer Cement Hranice , owned by Germany’s Dyckerhoff AG , recorded a 29 per cent increase in net profit in 2023, reaching a record CZK916.2m (US$40.8m), compared to CZK710.5m in 2022. Revenues from sales grew by 5.5 per cent YoY, advancing from CZK2.227bn in 2022 to CZK2.349bn in 2023, according to the company’s annual report. Despite a reduction in cement sales volume las...
Minister inaugurates hot gas project at Bokajan factory
India's Steel and Heavy Industries Minister, H D Kumaraswamy, recently visited the Cement Corp of India (CCI) factory at Bokajan in Assam’s Karbi Anglong district and said “[The] potential of the region will be harnessed for the benefit of locals.” Mr Kumaraswamy attended a public meeting where he inaugurated the hot gas utilisation project in the raw mills of the cement factory. Imp...
Les Ciments de Bizerte posts 59% drop in 1H revenue
Les Ciments de Bizerte announced disappointing results in 1H24. Revenues at the Tunisian cement producer declined by 59.3 per cent YoY to TND19.58m (US$6.45m) in the 1H24 from TND48.2m in the 1H23. The company’s loss increased by 55.2 per cent YoY to TND-26.8m from TND-17.27m over the same period. In addition, Les Ciments de Bizerte saw its cost of sales fall by 54.6 per cent to reach TND21....