Cement News tagged: Corporate
WCA host 7th General Assembly in London
The World Cement Association (WCA) held its 7th General Assembly on February 27th in London at the National Liberal Club. Representatives from member organisations participated in the GA, both in-person and virtually, engaging in discussions on current activities, upcoming plans, and the election of new board members. The event concluded with a networking lunch, providing an opportunity for me...
CEMEX Croatia awarded contracts for three solar power plant projects
CEMEX Croatia has been awarded EUR5m (US$5.5m) in contracts for the construction of three solar power plants, co-funded by The Environmental Protection and Energy Efficiency Fund and the EU Modernisation Fund. The project will see solar energy production facilities built at Juraj cement plant in Kaštel Sućurac, Kajo cement plant in Solin and the Podsused facility in Zagreb. Approximately...
Heidelberg Materials launches Airvault CCUS project
Marking the latest addition to its portfolio of carbon capture, utilisation and storage (CCUS) initiatives, Heidelberg Materials has announced another CCUS project at its Airvault cement plant in the French New Aquitaine Region. The AirvaultGOCO₂ project, with a planned capture capacity of approximately 1Mta, is part of the GOCO₂ initiative to decarbonise the west of France. “We starte...
Humboldt Wedag India & KIMA Process Control form strategic alliance
Humboldt Wedag India Pvt Ltd (HW India) has partnered KIMA Process Control in a strategic alliance. HW India becomes the exclusive sales and service partner for KIMA Process Control in India, further solidifying its commitment to delivering cutting-edge process control solutions for the cement sector. KIMA Process Control's advanced products will complement HW India's existing portfolio of ...
CEMEX Holding Philippines addresses plastic waste
CEMEX Holdings Philippines Inc has teamed up with Liwayway Marketing Corp to address the management of plastic waste in the Philippines. Under the deal, Liwayway Marketing Corp, the country’s leading snack food supplier, will be channeling its post-consumer plastic packaging waste to CEMEX’s Solid cement plant for co-processing. The plastic waste will then be converted into alternative fue...
PT Solusi Bangun Indonesia reports uptick in YoY sales
PT Solusi Bangun Indonesia Tbk has posted net sales of IDR12,371bn (US$798m) in 2023, marginally up from the IDR12,262bn seen in the previous year. Net income in 2023 came in at IDR894,645m, also marking an advance YoY compared to IDR839,276m in 2022. Basic earnings per share from continuing operations over the same timeframe improved from IDR93 in 2022 to IDR99 in 2023.
Shree Cement enters RMC sector
Shree Cement has acquired five ready-mixed concrete (RMC) plants from StarCrete LLP. The plants, which have an aggregate capacity of 422m 3 /h, are all located in Mumbai, reports The Times of India. Commenting on the deal, Neeraj Akhoury, managing director of Shree Cement, said, “The strategic foray into RMC segment is a step ahead in our vision to become a multi-product company centred ...
Hsing Ta Cement reports a 72% growth in net profit in 2023
Hsing Ta Cement Co Ltd has reported a 71.8 per cent increase in net profit, from TWD399.2m (US$12.7m) in 2022 to TWD685.9m in 2023. The net profit growth comes after a 1.6 per cent reduction in revenues from TWD6.4bn to TWD6.3bn, over the same period. Basic earnings per share for 2023 came to TWD2.01, up 71.8 per cent from TWD1.17 in 2022. Diluted earnings per share increased 72.4 per...
Furno Brick's 'mini kiln' enables compact, scalable cement production
US-based Furno, a start-up aiming to mitigate climate change through its novel combustion technology, has launched its end-to-end cement production unit, the Furno Brick. According to the company, the Furno Brick is the world’s first modular and carbon-neutral cement plant that scales in demand, dramatically reducing the barrier to entry and unlocking local or small-scale cement production. ...
Flying Cement Co posts a profit rise of 23% during 1HFY23-24
Flying Cement Co Ltd has released detailed interim financial statements for the 1HFY23-24, which ended 31 December 2023. The company earned a net profit after tax of PKR170.95m (US$0.612m) when compared with PKR138.85m in the 1HFY22-23, up by 23.1 per cent YoY due to increased sales (PKR2.36bn) during this period. Yet, it incurred a higher borrowing cost of PKR112m and taxation of PKR74.38m ...
Ramco Cements opens new cargo terminal
Ramco Cements has inaugurated its new Gati Shakti Cargo Terminal at Jayanthipuram in Andhra Pradesh, India. The terminal will enable Ramco to transport crushed limestone from its mines in Budawada to its cement plant in Jayanthipuram. It also marks the first time an Indian cement producer has used electric locomotives to transport its limestone to its plant. The railway wagons loaded wit...
Holcim North America introduces ECOAsh beneficiated ash
Holcim North America has announced the introduction of ECOAsh beneficiated ash within its Lafarge Western Canada operations. According to Holcim, with plans for future expansion into the US, this strategic move not only demonstrates Holcim North America's dedication to sustainability but also positions the company as an early adopter of innovative technology aimed at decarbonising the constr...
Unacem reports 7% revenue increase in 2023
Peru-based cement producer Unacem has reported revenue of PEN6.38bn (US$1.73bn) in 2023, marking a 6.6 per cent increase YoY, despite the country’s declining construction sector. Net profit over the same period contracted by 22.1 per cent to PEN514m, while the EBITDA margin fell from 26.3 per cent in 2022 to 23.4 per cent the following year, according to BNAmericas. In the fourth quarter...
Chia Hsin Cement Corp sees sales advance YoY
Taiwan-based Chia Hsin Cement Corp has reported sales of TWD2911.6m (US$92.7m) for the full year 2023, marking an increase from TWD2253.7m in the previous year. Net income in 2023 came in at TWD81.1m, compared to a net loss of TWD180.8m in the year-ago period. Basic earnings per share from continuing operations stood at TWD0.12 in 2023m, up from a basic loss per share of TWD0.27 in 2022.
Cementir announces 2% drop in revenue in 2023
Cementir has announced that its 2023 group revenues from sales and services have dropped 1.7 per cent to EUR1694.2m (US$1852.02m) after a record year of EUR1723.1m in 2022. The slight fall in revenues has been attributed to a reduction in volumes sold and weak local currencies, against a moderate increase in prices. Cementir added, in their press release that, had exchange rates remained con...
ABB and Salt X extend collaboration for electrification of calcination process
ABB and Sweden-based green tech company Salt X have signed an agreement to enable further development of electric arc calcination (EAC). Under the new agreement, Salt X will further develop its innovative EAC technology, which makes it possible to reach several thousand degrees Celsius. The electric plasma solution reinvents industrial calcination and replaces fossil fuel-based heating with...