Cement News tagged: Corporate

Arabian Cement sets sales targets

22 September 2020, Published under Cement News

Egypt’s Arabian Cement Co has set a domestic sales target of 3.94Mt of cement in 2020, the same value as last year, according to Sergio Alcantarilla, company CEO. Despite outlining the company’s year-end target for the local market, Mr Alcantarilla said that it is difficult to predict its exports in 2020. He noted that this year, the company only sold 2.56Mt during the 8M20 and exported ...

Bashundhara Group plans third production unit

22 September 2020, Published under Cement News

Bangladesh’s Bashundhara Group is planning a BDT10bn (US$117.7m) investment to significantly increase its manufacturing capacity through the establishment of a third production unit. Bashundhara's daily production capacity will reach 25,000t, according to The Daily Star. The existing units produce around 14,000tpd. "Our target is to export to the Seven Sister states in India as the demand...

Cemex included in the Fortune 2020 Change the World list

22 September 2020, Published under Cement News

Cemex SAB de CV   has been again included in the "Fortune 2020 Change the World" list, which highlights companies around the world that have generated a social impact through activities that are part of their business strategy. This is the third time that Cemex has received this distinction.   Fortune recognised Cemex's efforts in social impact business models. One of the   initiatives...

Cementos Fortaleza inaugurates Progreso plant

21 September 2020, Published under Cement News

Elementia-owned Cementos Fortaleza inaugurated its new US$25m cement plant in Progreso, Yucatan, Mexico. Yucatan state governor, Mauricio Vila Dosal, and Elementia CEO, Jaime Rocha Font attended the ceremony. The production facility has a capacity of 0.25Mta and incorporates state-of-the-art technology. It will complement the company’s current coverage of the Mexican market and is in line wi...

HeidelbergCement Schelklingen plant receives Germany's highest bucket elevator

HeidelbergCement Schelklingen plant receives Germany's highest bucket elevator

21 September 2020, Published under Cement News

Germany-based Beumer Group has commissioned Germany’s highest bucket elevator at HeidelbergCement’s Schelklingen plant near Ulm. The order is part of a project by thyssenkrupp Industrial Solutions to modernise the cement works and comply with new emission limit values. As part of the thyssenkrupp Industrial Solutions project, a new preheater tower was built at the HeidelbergCement’plant. The ...

High Court orders removal of Birla Corp director

21 September 2020, Published under Cement News

India’s Calcutta High Court has restricted Harsh Vardhan Lodha from holding any position in MP Birla Group companies with immediate effect. As a result, he will no longer be the chairman of Birla Corp Ltd. The decision will reportedly be appealed by the company, according to the Business Standard. "Shareholders elected Harsh Varshan Lodha as a director of Birla Corp with an overwhelming ma...

Taiheiyo Cement to transfer equity stake in Qinhuangdao Asano Cement

Taiheiyo Cement to transfer equity stake in Qinhuangdao Asano Cement

18 September 2020, Published under Cement News

Japan-based Taiheiyo Cement announced that it would transfer the 71.99 per cent equity stake in its Chinese consolidated subsidiary Qinhuangdao Asano Cement to China's Qinhuangdao Changyang Concrete. A transfer price has not been disclosed, but the transfer is scheduled for the middle of September. After the equity transfer, Qinhuangdao Asano will no longer be a consolidated subsidiary of Taih...

HeidelbergCement to end clinker production in Leimen

18 September 2020, Published under Cement News

HeidelbergCement announced the shutdown of clinker production at its cement plant in Leimen in  Germany’s Rhine-Neckar region by the end of 2022 or beginning of 2023 as limestone reserves in the Nussloch quarry are depleted. In addition, the kiln lines are no longer state-of-the-art and would have required several million euros of investments and hence, clinker production going forward is not ...

HeidelbergCement reveals its 'Beyond 2020' strategy

17 September 2020, Published under Cement News

Dr Dominik von Achten, CEO of HeidelbergCement announced the company’s ambitious new strategy ‘Beyond 2020’ in its Capital Markets Day live webinar yesterday. HeidelbergCement set new targets for carbon reduction, improved EBITDA margin and return on investment capital (ROIC). It also indicated that it would shift its divesting focus of non-core assets to more core asset disposals while invest...

Kyzylkumcement sees net profit rise 71%

17 September 2020, Published under Cement News

Uzbekistan’s Kyzylkumcement saw a net profit of US$20.3m in January-June 2020, rising 70.9 per cent YoY. Revenue also advanced 12.4 per cent to US$97.1m. In the 1H20 the plant increased cement production by three per cent YoY to 1.75Mt, which amounted to 32.2 per cent of the total cement production in the country. Kyzylkumcement is also intending to build its fourth line for the producti...

Breedon Group PLC announces GBP581m revenues for first eight months trading

17 September 2020, Published under Cement News

Breedon Group Plc delivered revenues for the first eight months of the year of GBP531m (2019: GBP624m), including a one-month contribution from its recently-acquired Cemex assets in the UK. The Board has reviewed the latest management forecasts and is now in a position to reinstate guidance for the 2020 financial year. Accordingly, Breedon Group currently anticipates delivering second-half u...

Gazakh Cement commissions upgraded kiln line

17 September 2020, Published under Cement News

Azerbaijan’s Gazakh Cement has successfully commissioned the upgrade project of its clinker kiln line, according to Trend. "The project comprised an upgrade of the raw mill, the preheater section, clinker cooler and clinker transport. The key equipment was supplied and installed by DAL Teknik Makina from Turkey," said the company. The plant was upgraded in two phases from a clinker produ...

Bestway reports 31% drop in FY19-20 turnover

16 September 2020, Published under Cement News

Pakistan-based Bestway Cement reported a gross turnover of PKR63.7bn (US$383.4m) in the financial year ended 30 June 2020, down 19 per cent YoY when compared with PKR79bn in FY18-19. Net turnover fell 31 per cent from PKR53.6bn to PKR37.1bn. Gross profit for the year decline from PKR16bn in FY18-19 to PKR1.1bn in FY19-20. Profit after tax dwindled to PKR0.5bn from PKR10.1bn in the previous fin...

Livetouch Cement breached local labour laws in Zimbabwe

16 September 2020, Published under Cement News

Zimbabwian-based Livetouch Cement was found in breach of local labour laws after failing to register its workers with the National Social Security Authority (NSSA). It was only revealed that the Chinese cement manufacturer had broken the law after the death of a worker in March this year. According to NSSA, the death of an unidentified employee at the cement manufacturing plant exposed how th...

PPC Barnet opens new headquarters

16 September 2020, Published under Cement News

PPC Barnet Manufacturing is inaugurating its new headquarters in the heart of Kinshasa’s business district, Democratic Republic of Congo. The move represents the company’s new ambitions and development strategy in the domestic market, according to Zoom Eco. "Our new establishment makes it possible to enhance teamwork, promote communication between employees and above all bring our customers ...

Cemex announces plans for a US$1bn bond issue

15 September 2020, Published under Cement News

Cemex has announced plans to issue US$1bn in senior notes to raise funds for general operations, including paying off debt, according to Reuters. The bonds will have a coupon of 5.2 per cent and mature in September 2030, the company said in a filing to the country’s stock exchange. The offer will close on 17 September. Fitch Ratings has assigned the secured notes a rating of ‘BB-’.