Cement News tagged: Corporate
UltraTech's sales rise 6% YoY in 3QFY23-24
UltraTech 's consolidated sales rose by six per cent per cent to 27.32Mt YoY in the third quarter ended 31 December 2023. Aditya Birla Group , UltraTech's parent company, announced in a regulatory filing that total sales volume in the domestic market was up five per cent YoY to 26.06Mt during the quarter under review. The company's domestic grey cement production was at 25.44Mt in the Oct...
New cement plant on track for Kyrgyzstan
A new cement plant is set to launch in Chuy region, Kyrgyzstan in 2024. The plant will have a capacity of 1.7Mta and is expected to create 650 jobs. The plant will use ash dumps from the Bishkek Thermal Power Plant as raw materials and will have a waste heat recovery system to generate electricity. Of the total project cost of US$160m, US$45m is contributed by the Russian-Kyrgyz Developm...
Wonder Cement announces Tulsigam grinding plant
Wonder Cement Ltd has announced the setting up of a new production facility at Tulsigam, Gujarat, India. The 2Mta Tulsigam unit is set to augment the brand's manufacturing capabilities, seamlessly integrating with its existing production lines. "Each strategic move, including our new Tulsigam grinding unit, is aligned with our commitment to cater to Bharat’s evolving infrastructural deman...
New Gävle terminal for Schwenk
After two years of planning and construction Schwenk inaugurated a new terminal in the Swedish port of Gävle in December 2023. The new terminal is 45m high and has a volumetric capacity of 8000m 3 . It is expected to have a throughput capacity of more than 90,000tpa.
Cementos Cienfuegos reports progress rehabilitation programme
Cementos Cienfuegos SA, the largest cement factory in Cuba, is making progress in its rehabilitation, the plant's management reports. The plant currently runs at 30 per cent of its 1.6Mta nominal capacity but modernisation is under way. The first results of a foreign currency raising programme are starting to be seen, according to National Television News, with Cienfuegos Financial Manager, ...
UltraTech Cement acquires 26% stake in Clean Max Terra
UltraTech Cement has entered into a share subscription and shareholders agreement to acquire 26 percent equity shares of renewable energy company Clean Max Terra. The equity investment is up to INR202.5m (US$2.44m). Clean Max Terra, based in Mumbai, India, is a special purpose vehicle to set up 50MW AC/75MW DC solar power project on a captive basis in Saraipali Village, Mahasamund district, ...
InterCement completes sale of Africa businesses
InterCement Participações SA has announced that the divestment of its businesses in South Africa and Mozambique – collectively known as the ‘Africa Business’ – to Huaxin Cement Co. Ltd (China), has been concluded upon receipt of the provisional price of USD231.6m. As provided for in the previously executed Stock Purchase Agreement, the provisional price will be adjusted in due course consider...
UCIL wins WCA grinding upgrade award
Bangladesh-based Unique Cement Industries Ltd (UCIL) has won the World Cement Association Project Award 2023: Grinding Upgrade. The award reportedly recognises the innovative design of UCIL's grinding circuit to increase capacity and flexibility while reducing power consumption. UCIL is the only cement producer in Bangladesh to be a member of the World Cement Association (WCA). Three of t...
Adbri to operate world's first fully electric self-unloading vessel
Adbri has entered into a 20-year strategic partnership with Canada Steam Ship Lines (CSL) to build and operate the world’s first fully electric battery-capable self-unloading vessel. The custom-designed ship will replace Adbri’s ‘Accolade II’ and will support the company’s limestone operations in South Australia with a focus on enhanced efficiency and environmental responsibility. The ship w...
Shiva Cement announces resignation and appointment
Indian cement producer Shiva Cement Ltd has announced the resignation of Rajendra Prasad Gupta as non-executive director of the company. He will also cease to be chairman/member of the committees constituted by the Board of Directors. Aged 75, Mr Gupta has expressed his intention to retire to spend more time with his family and other commitments. Shiva, which is part of JSW Cement , has...
CEMEX supports zero emission hydrogen start-up
CEMEX Ventures, CEMEX’s corporate venture capital and open innovation unit, has increased its stake in HiiROC, a UK-based start-up that produces cost-competitive and zero-emission hydrogen through its proprietary process of thermal plasma electrolysis. While hydrogen is becoming an increasingly promising alternative energy source and feedstock for a wide and diverse set of industrial proc...
Hoffmann Green extends contract with CSTB
Hoffmann Green Cement Technologies has announced that the partnership contract it signed in 2021 with France’s Scientific and Technical Centre for Building (Centre Scientifique et Technique du Bâtiment (CSTB)) has been extended for a further three years. According to the cement producer, thanks to the planning and coordination established between the two entities, this partnership exte...
Adbri's Kwinana project on track for 2Q24
Australian cement producer Adbri has provided an update on its Kwinana upgrade project, saying it is on track in terms of both cost and timings. According to the company, the Kwinana project will deliver a modern, state-of-the-art facility that consolidates Adbri’s two existing cement production sites, strengthening its position as a sustainable, low-cost cement supplier in Western Austral...
BUA's Sokoto Line 5 begins production
Production has begun at Line 5 of BUA Cement ’s Sokoto plant. The 3Mta expansion project forms part of the company’s plans to not only expand its production capacity but also bring down cement prices in Nigeria. In October this year BUA lowered its ex-factory cement price to NGN3500 (US$4.55)/bag, with the company announcing plans to review its prices even further in the opening quarter of ...
Lafarge faces new terrorism lawsuit
Hundreds of Yazidi Americans have launched a lawsuit against Lafarge, accusing it of supporting violence carried out by ISIL (ISIS). According to Aljazeera news, the cement producer is accused of abetting violence and terrorism by providing supplies for the construction of tunnels and prisons. The lawsuit was filed in New York on 14 December, led by Nobel Peace Prize winner Nadia Murad. Th...
Ambuja Cements appoints new CHRO
Ambuja Cements has appointed Manoj Kumar Sharma as its new chief human resources officer (CHRO), effective from November this year. In his new position, Mr Sharma will be responsible for succession planning, HR transformation, leadership development, HR strategy, executive coaching, and talent management. He joins Ambuja from Adani Electricity where he held the role of senior execut...