Cement News tagged: Corporate
Hetauda Cement to resume production in February
Following closure for three months due to a coal shortage, Nepal-based Hetauda Cement Industries Ltd is expected to resume production at its plant in Makanwanpur in the first week of February, according to República. Hetauda Cement Industry's General Manager, Basanta Raj Pandey,said that the plant management has requested the Office of the Prime Minister, the Council of Ministers and th...
Ambuja Cements to invest INR14bn in 6Mta Telangana plant
Ambuja Cements will invest INR14bn (US$168.3m) in the construction of a 6Mta cement plant in Telangana, India. The plant will be built on a 70-acre plot, said the company in a regulatory filing. Ambuja Cements is part of the Adani Cement Industries and operates 36.5Mta of cement capacity installed in 16 cement plants across India.
Southern Province appoints new chairman and deputy
Saudi Arabia-based Southern Province Cement Co has appointed Saad Bin Abdulaziz Alkroud as chairman of the Board of Directors. Mansour bin Abdulaziz Al Saghir was named as vice chairman and Saudi Al Burgan as secretary of the Board of Directors.
Crown Cement kicks start its sixth unit in Bangladesh
Md Mozharul Islam, senior general manager and company secretary of Crown Cement, has announced that the company was able to finally start commercial production of its sixth unit earlier this month after deferring it several times. The announcement says that commercial production of the sixth unit of Crown Cement PLC, with a production capacity of 8280tpd installed at its factory premises...
Summit completes deal with Argos USA
Summit Materials has successfully completed its US$3.2bn combination with Argos North America Corp, the US operations of Cementos Argos SA . The combined company will be known as Summit Materials with Argos holding around a 31 per cent share. “Today, we are excited to begin a new chapter at Summit Materials,” said Anne Noonan, Summit Materials' president and CEO. “As we transition into ...
Holcim's ECOCycle® recognised by World Economic Forum
Holcim ’s ECOCycle ® circular technology has been named a “Circularity Lighthouse in the Built Environment”, in a joint initiative between McKinsey & Company and the World Economic Forum announced at this year’s annual meeting in Davos. The Circularity Lighthouse designation recognises pioneering solutions that demonstrate a novel, distinctive circularity approach, proven and substantial imp...
Unique Cement launches new blended cement
Bangladesh-based Unique Cement Industries Ltd (UCIL) has launched a new blended cement: Dhalai Special Cement. The blended cement, which is being released to the domestic market, offers 25 per cent more sturdiness compared to PCC cements, according to the company, making it particularly suitable for casting roofs, floors, columns and beams. UCIL says that the new cement ensures 50 per ce...
UltraTech invests in renewable energy specialist
UltraTech Cement has entered into a share subscription and shareholders’ agreement to acquire a 26 per cent stake in Amplus Ages Pvt Ltd, a specialist in the generation and transmission of renewable energy. "The acquisition is for the purposes of meeting the company's green energy needs, optimising energy cost and comply with regulatory requirements for captive power consumption under e...
IFC invests US$130m in Iraq's Al Douh Cement
IFC is investing in Al-Douh Iraqi Company for Cement Industries (part of Al-Riyadh Investment Companies Group) to help boost economic diversification and improve sustainable growth in Iraq. IFC is providing a financing package of up to US$130m in long-term debt to Al-Douh. The financing will enable Al-Douh to expand its cement production capacity by 1.9Mta to reach overall production of a...
Holcim completes three European acquistions
Holcim has completed three bolt-on acquisitions in Europe, expanding its Solutions & Products portfolio for green growth. In Spain it has acquired a majority stake in Artepref SA, a fast-growing leader in innovative precast concrete solutions. In Greece Holcim has bought WATT Recycling, a leading waste management company that produces alternative fuels. Meanwhile, in the UK Holcim has entere...
Sika posts record sales in 2023
Sika reports record sales of CHF11.24bn in 2023, up 7.1 per cent YoY in Swiss franc terms and 14.5 per cent in local currency terms. There was a high negative foreign currency effect of -7.4 per cent due to the sharp appreciation of the Swiss franc. Thomas Hasler, Sika's CEO, said: “Sika has once again proved its resilience over the past 12 months. Thanks to our well-functioning business mod...
JSW Cement prepares for IPO
JSW Cement has reached out to domestic and foreign investment banks including SBI Capital, Kotak Mahindra Capital, JM Financial, DAM Capital, Jefferies, Citi and Goldman Sachs for advising the company on the proposed initial public offering. JSW Group is preparing the ground for listing its cement business on stock exchanges to raise about INR65000m (US$782.9m), according to The Hindu busine...
Sublime Systems to launch first cement plant
US-based Sublime Systems, a developer of low-carbon cement, has announced plans to build its first cement plant. The facility, located in Holyoke, Massachusetts, will have a production capacity of 30,000tpa and is expected to come on stream in 2026. According to the company, the plant will produce “the only fossil-fuel-free, scalable, drop-in replacement for traditional cement in concrete.” ...
Hoffmann Green signs housebuilding contract
France-based Hoffmann Green Cement Technologies , a manufacturer of clinker-free cement, has announced the signing of a partnership until the end of 2027 with Groupe Trecobat, the fourth-largest builder of single-family homes in France. This partnership with Hoffmann Green will enable Groupe Trecobat to reinforce its low-carbon strategy by taking advantage of Hoffmann’s clinker-free ceme...
FCT Combustion appoint European and African sales manager
FCT Combustion has appointed Átila Soares as its sales manager for Europe and Africa. Átila will be based in the company’s office in Vienna, Austria. Átila was previously at the AUMUND Group, where he has held several roles over the past 18 years, including sales manager for the past seven years. He also holds a Mechanical Engineering degree from Faculdade de Engenharia Industrial (FEI), B...
Sinoma wins Eastern Province Cement contract
Saudi Arabia-based Eastern Province Cement Co has awarded the contract for a new cement production line to China’s Sinoma CDI. The new line, which is costing US$270m, will have a production capacity of 10,000tpd and will be located at Eastern Province’s existing site in Khursaniyah. According to Mist News, the contract covers design, supply, delivery, construction, and installation of...