Cement News tagged: Corporate

Republic Cement launches AI tool to optimise raw mix

24 May 2021, Published under Cement News

Philippines-based Republic Cement is rolling out a new AI tool to all its cement plants to reduce its CO 2 emissions and produce a stronger cement. The tool will optimise concentrations of raw ingredients in the cement mix by harnessing complex algorithms to save time and resources in its Bulacan and Batangas works as well as running the software as a pilot in its Teresa works in Rizal. “Ou...

Complaint filed against Lehigh Cement's proposed acquisition of Keystone Cement

27 May 2021, Published under Cement News

The Federal Trade Commission is seeking to block Lehigh Cement Co LLC’s US$151m acquisition of rival Pennsylvania-based cement producer Keystone Cement Co (Element Group), alleging the deal would harm regional competition in the market. Lehigh (HeidelbergCement group) owns multiple competing factories that sell cement in Keystone markets, including two cement plants located within 40 miles of...

Cem'In'EU's Rhône plant received CE marking

24 May 2021, Published under Cement News

Cem’In’EU has announced that its Rhône Cements site has obtained CE marking for all of its cements, both bulk and bags. This follows long-term and particularly-demanding management of quality and the implementation of a 4.0 technology ensuring the regularity and traceability of production. The plant has also completed its first shipment with the European cement in a 25kg bag.

JK Lakshmi Cement reports 37% rise in net profit

21 May 2021, Published under Cement News

India’s JK Lakshmi Cement has reported a 37 per cent YoY rise in standalone net profit to INR1.38bn (US$18.99m) for the quarter ending 31 March 2021, compared with INR1.01bn in the year-ago period. Revenue from operations also advanced 24.6 per cent YoY to INR13.22bn, while the EBITDA margin climbed to 20.3 per cent from 19 per cent in the 4QFY19-20. "Despite a hike in the prices of inputs li...

Asia Cement creates shore power solution for vessels

Asia Cement creates shore power solution for vessels

21 May 2021, Published under Cement News

Taiwan’s Asia Cement Corp has announced the completion of a full shore power project for its cement vessels, which will see its cement carriers use the onshore Taipower energy supply instead of using on-board generators while berthing at port. The project is expected to save over 1474t of fuel per year and effectively cut 5329t of CO 2 emissions. Asia Cement currently has four cement carrie...

Votorantim Cimentos reports BRL22m net profits in 1Q21

20 May 2021, Published under Cement News

Votorantim Cimentos ended the 1Q21 with net profit of BRL227m (US$42.8m), reversing the BRL380m loss posted in the 1Q20.   The company's global net revenue in the first quarter of the year was BRL4bn, an advance of 46 per cent in comparison to the same period in 2020, as a result of an increase in sales volume in all regions where it operates, combined with the positive impact of the de...

Holcim Argentina inaugurates US$120m new line

Holcim Argentina inaugurates US$120m new line

20 May 2021, Published under Cement News

Holcim Argentina has inaugurated a new line at its Malagueño plant in Cordoba, following an investment of around US$120m. The project included the construction of a new kiln line, a state-of-the-art vertical roller mill and a dispatch centre. The new clinker production line will increase capacity by 512,000tpa or 45 per cent. The new mill also adds an additional 630,000t, taking total plant ...

CSN requests IPO for cement division

20 May 2021, Published under Cement News

After the recent IPO of its mining arm, Brazilian steelmaker CSN is now looking to list shares of its cement division.  The company requested authorisation from securities regulator CVM for the IPO of CSN Cimentos, although it did not provide further details.  Cement sales in Brazil increased 20.8 per cent in the first four months of the year to 20.5Mt, according to preliminary figures fr...

Sephaku Cement CEO passes

20 May 2021, Published under Cement News

The death of Peter Fourie, Sephaku Cement (Dangote Cement South Africa) CEO, was announced on Wednesday.  Mr Fourie had suffered a stroke a week earlier and had been admitted to hospital but did not recover. The board said: "It is with deep sadness that the board of directors announces the passing away of Pieter Fourie early this morning... Pieter was part of the SepHold founding managem...

Taiwan Cement records 11% rise in revenue

20 May 2021, Published under Cement News

Taiwan Cement has reported a 11.3 per cent rise in revenue to TWD22.04bn (US$789.3m) for the first quarter of 2021, while its net income advanced 10.6 per cent YoY to TWD3.32bn on the back of profit growth in Taiwan and Europe’s cement businesses. Despite weak sales prices in the mainland China cement business in the 1Q21, sales prices have been increasing steadily since April. In Taiwan’s ce...

Orient Cement reports INR99.87bn net profits

18 May 2021, Published under Cement News

Orient Cement Ltd (CK Birla group) has reported an over two-fold jump in net profit at INR99.87bn (US$1.36bn) in the fourth quarter ended March 2021. It had posted a net profit of INR44,060m for the January-March quarter a year ago. Its revenue from operation rose 27.06 per cent to INR831,610m during the quarter as against INR654.520m in FY4Q2020 For the fiscal year 2020-21, Orient ...

Construction sector reports Jamaican cement shortage

17 May 2021, Published under Cement News

Members of the construction industry in Jamaica are reporting a cement supply shortage, as the country reaches its peak demand season. According to the Jamaica Observer, a hardware dealer on the south coast noted that it may have to cut staff if the shortage continues, adding that there has also been a hike in the price of construction materials. "What has been happening over the past two w...

FLSmidth receives SBTi validation of its carbon emission targets

17 May 2021, Published under Cement News

FLSmidth has received validation from the Science Based Targets initiative (SBTi) for its carbon emission reduction targets. By implementing its MissionZero programme to achieve these targets, the company will help keep global warming below 1.5°C at the same time as delivering solutions to help reduce global CO 2 emissions by more than 10 per cent – and becoming carbon neutral in its own oper...

Penna Cement refiles for IPO

17 May 2021, Published under Cement News

India’s Penna Cement Industries has refiled for its initial public offering to raise INR13bn (US$177.5m) through fresh equity shares while its promoters would raise INR2.5bn through an offer for sale. The company expects to use the capital to repay INR5.5bn of borrowings. It would also fund capital expenditure of INR1.05bn for its KP Line II project, while INR800m would go towards upgrading ...

Loma Negra posts 35% revenue surge

14 May 2021, Published under Cement News

Argentina’s Loma Negra has seen its net revenue surge 35.4 per cent YoY to ARS13,175m (US$143m) in the first quarter of 2021, against ARS9734m in the year-ago period, mainly on the back of strong results from its cement segment. Consolidated EBITDA advanced 49.6 per cent YoY to ARS4730m, while its margin climbed to 35.7 per cent from 32.3 per cent. Net profit was up 104.4 per cent from ARS12...

Titan Group records increased 1Q volumes in the US and Greece

14 May 2021, Published under Cement News

Titan's 1Q21 regional results saw strong volume growth in the US, particularly in the Mid-Atlantic region, while the domestic market of Greece also had encouraging results with cement sales increasing on 1Q20. Solid price trends in the US testified to the pent-up demand and a more confident restarting of activity that reflects the economy's robust growth. Demand was stable in Florida, with ...