Cement News tagged: Corporate

Cemex announces EPD publication for its UK cement products

19 July 2024, Published under Cement News

Cemex UK has published Environmental Product Declarations (EPDs) for products at its Rugby and Tilbury cement plants. The EPDs have been gained for cement delivered in bulk tankers, covering more than 80 per cent of manufactured cements. Paul Fletcher, head of sustainability for Cemex Europe, comments that, “Achieving third-party verification through the International EPD System provi...

Suzanne Starbuck

Heidelberg Materials expands US offering

18 July 2024, Published under Cement News

Heidelberg Materials has entered into a definitive purchase agreement to acquire Highway Materials Inc, one of the largest independent aggregates and asphalt producers in the Greater Philadelphia market. Included with this acquisition are four crushed stone quarries, nine hot-mix asphalt plants, two clean fill operations, a concrete recycling facility, a construction services business, and m...

Peter Bell

Adani Group targets Jaypee Group's cement assets

18 July 2024, Published under Cement News

As lenders have initiated insolvency and bankruptcy proceedings against Jaiprakash Associates Ltd, the Adani Group is looking to acquire the Jaypee Group ’s cement assets, which boast over 9Mta capacity, according to a report by Moneycontrol.  Jaiprakash Associates has been selling its cement plants to reduce debt, with a significant portion of its cement business previously acqu...

Peter Bell

Alpha Cement plant attacked in Myanmar

18 July 2024, Published under Cement News

A cement factory near Mandalay, Myanmar, was attacked by Junta troops who attempted to burn it down as they fled a successful assault by resistance forces last weekend, according to a spokesperson for the Mandalay People’s Defence Force (MDY-PDF). Fighting for control of the Alpha Cement plant, located about 10 miles north of Mandalay, near the village of Aungthapye in Madaya Township, be...

Votorantim Cimentos installs WEG transformers at Bowmanville Suzanne Starbuck

Votorantim Cimentos installs WEG transformers at Bowmanville

17 July 2024, Published under Cement News

Votorantim Cimentos North America (St Marys Cement) has installed WEG transformers to upgrade the substation at its plant in Bowmanville , Canada. The scope of supply consists of four transformers of 20 and 25MVA power and 43.8/4.16kV voltage. On this project, sales and engineering teams from Brazil worked in partnership with V J Pamensky Canada Inc, a company that has been the exclusive di...

Muriel Bal

Umm Al-Qura Cement revises fuel price modification impact

17 July 2024, Published under Cement News

Saudi Arabia-based Umm Al-Qura Cement Co has revised its estimated production cost increase due to the recent fuel price changes. Initially the company faced an 11 per cent increase in production costs but has now revised this down to nine per cent as the result of a new agreement under Saudi Arabia’s industrial sector competitiveness programme. The adjustment will be effective from 1 Janu...

InterCement Participacoes SA files for Preliminary Injunction Peter Bell

InterCement Participacoes SA files for Preliminary Injunction

18 July 2024, Published under Cement News

InterCement Participações SA and its subsidiary, InterCement Brasil SA, and its subsidiaries in the Netherlands and Spain, and its controlling shareholder, Mover Participações SA, have filed for a protective injunction (Preliminary Injunction) in Brazil in support of a court-supervised interim collective mediation process with its principal financial creditors. The company and affiliates re...

Suzanne Starbuck

Cemex US in JV with Couch Aggregates and Premier Holdings

17 July 2024, Published under Cement News

Cemex has announced a joint venture agreement with sand and gravel supplier Couch Aggregates and marine bulk product distributor Premier Holdings. This agreement forms part of Cemex's ongoing strategy to accelerate growth in the US and expand its aggregates business.  According to Cemex, the joint venture will strengthen its aggregate reserves with the production, distribution and sale o...

Suzanne Starbuck

Hoffmann Green partners with Béton Contrôle de l’Estuaire

17 July 2024, Published under Cement News

Hoffmann Green Cement Technologies has announced the signing of a commercial partnership with Béton Contrôle de l’Estuaire (BCE), an entity of the Duclos Group based in Charente-Maritime, France, which produces a wide range of ready-mix concrete. Created in 2005 to complete the materials trading activities of BigMat Duclos, BCE operates four concrete plants in Charente-Maritime and north...

New power supply agreement promises reduced costs for Cemex Holdings Philippines

17 July 2024, Published under Cement News

Cemex Holdings Philippines (CHP) announced on Monday, 15 July that its subsidiary, Apo Cement Corp , has signed a supply contract with Semirara Calaca Reserve Corp to provide 44MW of electricity for Apo’s cement plant in Naga, Cebu . Led by Isidro A Consunji, DMCI Holdings Inc bought CHP earlier this year for US$305.6m, looking to turn a profit after a PHP2bn (US$34.24m) loss in 2023. ...

Muriel Bal

UCEM acquires Ecuador’s Ecoluz SA

18 July 2024, Published under Cement News

Gloria Group , through its subsidiary Unión Cementera Nacional SA (UCEM), has closed the purchase and sale contract for 99.998 per cent of Ecuador-based hydropower company Ecoluz SA. In May 2024 the Superintendency of Economic Competition of Ecuador approved the acquisition of all Ecoluz shares by UCEM. “Gloria Group reaffirms its commitment to investment in the Latin American market, bet...

Bestway Group acquires shares in UNBL UK

16 July 2024, Published under Cement News

Bestway Group of the UK, which has a stake as a parent company in cement and bank operations in Pakistan, will notice the exchange of shareholding patterns among two banking businesses in Pakistan and Great Britain. According to AHL Research, United Bank Ltd (UBL operation in Pakistan) has finalised the sale of its 55 per cent stake in United National Bank Ltd UK (UNBL UK) to Bestway Group,...

Suzanne Starbuck

Saint-Gobain completes CSR acquisition

16 July 2024, Published under Cement News

Saint-Gobain has completed its acquisition of CSR Ltd (CSR), establishing a strong presence in the Australian construction market. CSR is a leading player in building materials in Australia, consisting principally of building products with AUD1.9bn (US$1.28bn) in sales and an EBITDA margin of around 18 per cent for the fiscal year ending 31 March 2024, with some of Australia’s most trusted a...

Suzanne Starbuck

Cemex supplies NASA bridge project

16 July 2024, Published under Cement News

Cemex is supplying concrete for the rebuilding of the NASA Causeway Bridge, which will enhance accessibility along this corridor for transporting rockets to the Kennedy Space Center. The NASA Causeway, originally consisting of twin bascule bridges built in 1964, is being replaced with new twin high-level bridges that will facilitate improved movement for oversized vehicles to launch sites. C...

Peter Bell

Pan-United Corp appoints executive chairman, CEO and director positions

16 July 2024, Published under Cement News

Singapore-listed concrete producer, Pan-United Corp Ltd has appointed May Ng as executive chairman of the Board of Pan-United, and the appointment of Ken Loh as CEO of Pan-United. Both will relinquish their positions as Pan-United's CEO and COO, respectively, and assume their new appointments with immediate effect. Ms Ng succeeds Tay Siew Choon, who retired as a director of Pan-United in Ap...

Muriel Bal

Raysut Cement 1H loss widens

15 July 2024, Published under Cement News

Oman-based Raysut Cement posted a total revenue of OMR31.6m (US$82.1m) in the first half of 2024, representing a 5.7 per cent decline when compared with OMR33.5m in the year-ago period. The group’s loss widened to OMR4.7m from OMR1.7m in the 1H23.