Cement News tagged: Corporate

Zambezi Portland Cement produces 1.2Mt

04 June 2021, Published under Cement News

Output from Zambia-based Zambezi Portland Cement reached 1.2Mta following the EUR23m capacity expansion project at the Ndola plant, which has seen an extra 100 staff employed. Zambezi Portland Cement CEO, Gomeli Litana, said the increase would help meet the growing demand for the product in both local and regional markets, according to the Times of Zambia.

Burnpur Cement posts net loss in the March quarter

03 June 2021, Published under Cement News

India’s Burnpur Cement has seen an INR158.7m (US$2.17m) standalone net loss in the January-March quarter of 2021, compared to INR1.25bn in the year-ago period. However, net revenue surged 142 per cent YoY to INR432m from INR178.5m in the 4Q19-20. Operating expenses increased 138.7 per cent YoY to INR421.8m from INR176.7m.

Southern Province Cement announces new 10,000tpd line

03 June 2021, Published under Cement News

Saudi Arabia’s Southern Province Cement has announced a new 10,000tpd production line at its Jizan cement plant in the south of the country. The project will replace the plant’s current production lines, with construction expected to begin in the second half of 2021.

Continental Cement announces price increase

03 June 2021, Published under Cement News

US-based Continental Cement Co (Summit Materials) has announced a price increase for customers served by its Louisiana and Memphis terminals. As a result of increasing industry operating and logistics costs, the company is increasing cement prices by US$6/st. Delivered prices will be adjusted at the time of shipment to reflect any increases in freight rates, fuel surcharges and/or taxes, acco...

Tigers could halt greenfield Reliance cement plant

Tigers could halt greenfield Reliance cement plant

03 June 2021, Published under Cement News

Birla Corp Ltd's greenfield plant for its Reliance cement subsidiary in Mukutban, Yavatmal district, India, has to wait for a four-member committee to pass wildlife clearance for the project. The company received Stage II clearance from the environmental ministry for the diversion of 467.45ha of forest land. However, the land, which has resident tigers in the area is part of the Tiger Co...

Verder Scientific acquires Mager scientific

03 June 2021, Published under Cement News

Scientific equipment supplier and manufacturer Verder Scientific (Verder Group) has acquired Mager Scientific, the distributor of metallographic and hardness testing equipment in the USA. The acquisition is   based on a long-standing successful cooperation between the two companies and will greatly improve Verder Scientific’s impact on the US market, claims the Verder Group. Mager Scientif...

Iran's largest cement line inaugurated

Iran's largest cement line inaugurated

04 June 2021, Published under Cement News

Iran’s largest cement line at Abyek Cement Complex was put into operation on Tuesday, according to the Tehran Times. Speaking at the inauguration ceremony, Alireza Razm Hosseini, the country’s industry, mining and trade minister, noted that Iran’s cement capacity has now reached 80Mta with a demand of 70Mta. However, the exact production capacity of the new line has not been reported. Curre...

New CEO for LafargeHolcim's US cement business

03 June 2021, Published under Cement News

LafargeHolcim has announced the appointment of Toufic Tabbara as CEO of its US cement operations. "Toufic is a proven leader in this industry. With a professional background that crosses diverse business divisions and spans both US and global geographies, he is well positioned to drive continued growth across the US cement business," said Group Executive Committee Member and Region Head of ...

Breedon Group plc acquires of Express Minimix

02 June 2021, Published under Cement News

Breedon has acquired Micromix (Northern) Ltd which trades as Express Minimix, a 'mini mix' concrete operator based out of Durham, UK.   Micromix (Northern) Ltd operates a fleet of 25 mixer trucks, specialising in delivering small loads of ready-mixed concrete and screeds, up to 4m 3 , to commercial and domestic customers across the north of England and parts of Scotland.   Express Mini...

Vietnam's cement exports surge while domestic prices rise

01 June 2021, Published under Cement News

Vietnam's Department of Building Materials, Ministry of Construction, reports that in the first four months of 2021, the country’s consumption of cement products is estimated to reach 34.58Mt, up 16.5 per cent YoY.  Domestic consumption accounted for around 19.44Mt, a slight increase over the same period last year, while cement exports surged to 65 per cent over 2020 to 15.14Mt.  Besides...

North Sulawesi exports 63,046t in May

01 June 2021, Published under Cement News

Indonesia’s North Sulawesi province exported 63,046t of cement to Taiwan, the Philippines and Malaysia in May 2021, according to the North Sulawesi Industry and Trade Office. The value of exports totalled US$2.18m, with Malaysian exports representing US$1.1m from 32,496t alongside US$763,750 from 32,496t sent to Taiwan. Cement is a relatively new export from North Sulawesi and the Industry a...

FCT Group appoints new CEO

01 June 2021, Published under Cement News

Adriano Greco has been appointed CEO of pyro-processing specialist, FCT Group, commencing 1 June 2021. Adriano Greco, who is based in Florida, has been CEO of FCT-Combustion’s American business unit since 2015 and has also implemented the Brazilian subsidiary. Greco brings over 20 years of extensive pyro-processing industry experience from management roles across the USA, Brazil, China, ...

YTL Corp net profit rises 9% in 3QFY21

03 June 2021, Published under Cement News

YTL Corp Bhd recorded a nine per cent increase in its net profit to MYR93.5m (US$22.6m) for the third financial quarter ended 31 March 2021 (3QFY21), up from MYR85.4m in the preceding quarter. Revenue fell eight per cent QoQ to MYR4.22bn, from MYR 4.59bn in 2QFY21. "We have continued to see good recovery, particularly in our key utilities division which has registered a marked tu...

Maple Leaf selects Descon for new clinker line

31 May 2021, Published under Cement News

Maple Leaf Cement Factory Ltd (MLCFL) has awarded the contract for the construction of its upcoming Line 4 to Descon Engineering Limited. The scope of work includes the civil works for the 7000tpd clinker production line at the existing Maple Leaf Cement Factory in Iskanderabad, Mianwali district, Pakistan. Chengdu Design & Research Institute of Building Materials Industry Co Ltd, China, wa...

Cahya Mata Sarawak sees net profits of MYR77.8m in 1QFY21

31 May 2021, Published under Cement News

Cahya Mata Sarawak Bhd (CMS) recorded a 3.5-fold higher net profit of MYR77.8m (US$18.8m) for the first quarter ended 31 March 2021 compared with MYR17.28m in the same period last year. Revenue increased to MYR202.06m from MYR189.44m in 1QFY20.  CMS said the revenue increased seven per cent due to higher contributions from the cement, trading and property development divisions. "The ...

Lamanka Enterprises acquires Akhangarancement stake

28 May 2021, Published under Cement News

Cyprus-based Lamanka Enterprises Ltd has reportedly bought 84.197 per cent of the shares in Akhangarancement JSC in Uzbekistan. The stake was acquired for UZS557.6bn (US$52.7m) according to Uzbekistan Daily. In March 2021, Eurocement Holding AG announced its plan to sell a block of shares in Akhangarancement. The price was set at UZS103,593.05 but the block of shares was sold at a rpice of UZ...