Cement News tagged: Corporate

East African Portland Cement begins second phase of Athi River upgrade

04 April 2024, Published under Cement News

East African Portland Cement (EAPC) has commenced the second phase of its upgrading programme at its Athi River plant. The programme, which will involve a 25-day maintenance shutdown, is designed to boost cement production capacity at the facility to 1Mta in the next two years.  “Our machines have run for many years with upgrades in between and lack of maintenance, which has depreciated...

Kohat Cement Co's enhances Line 2 capacity and plans solar project

01 April 2024, Published under Cement News

Kohat Cement Co (KOHC) has recently completed the BMR of its Khyber Pakhtunkhwa Line 2, enhancing its line capacity to 2.1Mta from 2Mta previously, taking total capacity to 5.2Mta, as well as improving its efficiency by ~10 per cent, matching that of Line 3, according to AKD Research.  Furthermore, a second solar unit with 15MW capacity is in the pipeline, expected to be commissioned in the...

PPC's success in Zimbabwe is contrasted by surrounding regions

29 March 2024, Published under Cement News

South Africa-based cement manufacturer PPC Cement SA (PTY) Ltd  has announced that its operations in Zimbabwe are now debt free, with EBITDA improving 13.6 per cent, for the 10-month period ending January 2024).  However, in contrast, sales volumes for its South Africa and Botswana operations fell by four per cent when compared to the equivalent period in the previous year. A spokesperson ...

UltraTech Cement raises capacity with debottlenecking programme

29 March 2024, Published under Cement News

During the course of its capacity expansion programme, the UltraTech Cement  ( Aditya Birla Group ) had identified opportunities for debottlenecking and efficiency improvements across various locations, including its wholly-owned subsidiary. Some of these upgrades have since been completed, resulting in additional production capacity of 2.4Mta.  The increases in capacity were at the company'...

Fauji Cement Co becomes Pakistan’s third-largest cement producer

Fauji Cement Co becomes Pakistan’s third-largest cement producer

29 March 2024, Published under Cement News

Fauji Cement successfully commissioned its greenfield cement plant with a clinker capacity of 6500tpd at Shadan Lund district, Dera Ghazi Khan , within a record time of 13 months. With the commencement of operations of the new line on 30 November 2023, the company’s total cement production capacity increased to 10.6Mta, which established the company as the third-largest cement producer in P...

HGH USA appoint new executive VP and general manager

29 March 2024, Published under Cement News

HGH is delighted to announce the appointment of Johanne Lecomte as the new executive vice-president and general manager for HGH USA. Her new role has been effective since February 2024, and she has already visited the headquarters in Paris to meet with the teams and participate in strategic meetings. With over two decades of experience as a sales and BD executive, Johanne Lecomte has a robust ...

Southeast Cement sees 2% YoY revenue increase

Southeast Cement sees 2% YoY revenue increase

29 March 2024, Published under Cement News

Taiwan-based Southeast Cement has reported revenue of TWD2.27bn (US$70.88m), up two per cent on the previous year. Net income in 2023 came in at TWD149.5m, on a par with 2022, while the profit margin declined from 8.3 per cent in 2022 to 6.6 per cent the following year, reportedly driven by increased expenses. Basic earnings per share from continuing operations in 2023 stood at TWD0.26, unch...

Gautam Adani injects US$799m into Ambuja

28 March 2024, Published under Cement News

Gautam Adani and his family have invested a further US$799m in Ambuja Cements Ltd , raising their stake in the cement producer to 66.7 per cent. According to Bloomberg News, the move is indicative of the billionaire’s confidence in the cement business as India undergoes an infrastructure boom.  Adani  first acquired a controlling stake in Ambuja Cements Ltd and ACC Ltd in 2022 for US$10...

UltraTech to buy stake in clean energy plant

28 March 2024, Published under Cement News

Indian cement producer UltraTech , part of the Aditya Birla Group , will by a 26 per cent stake in O2 Renewable Energy XXII for approximately INR160m to meet the energy requirements of its cement plants. New Delhi-based O2 is planning a 35-48MW solar power plant in Karnataka, India. The acquisition is part of UltraTech's investments in clean power sources. The share purchase of O2 is als...

Cemento Polpaico reports CLP4722.8m loss in 2023

28 March 2024, Published under Cement News

Chile-based Cemento Polpaico SA , part of the Hurtado Vicuña Group , posted a loss of CLP4722.8m (US$4.81m) in 2023, compared with a CLP3921m profit in 2022. Revenues fell 7.4 per cent YoY to CLP341140m from CLP368390m. The company sold 1,637,770t of cement in 2023, down 19.3 per cent than the equivalent period in 2022. Concrete sales decreased by 19.7 per cent YoY to 2,560,238m 3 in 2023....

Ecocem announces plans to expand production in The Netherlands

28 March 2024, Published under Cement News

Ecocem agrees deal with Overslagbedrijf Moerdijk to expand production and storage capacity in The Netherlands (© Ecocem) Europe’s leading provider of low-carbon cement technologies, Ecocem , has reportedly negotiated a deal with Overslagbedrijf Moerdijk (OBM) to expand production and storage capacities in The Netherlands. The deal is a part of Ecocem’s plans to make its ‘AC...

A top official of Attock Group receives the highest civil award

28 March 2024, Published under Cement News

Attock Group of Companies in Pakistan congratulates Shuaib A Malik, Group CEO, on being conferred with the prestigious Sitara-e-Imtiaz by the government of Pakistan. He has been recognised for his outstanding contributions to fostering and facilitating foreign direct investment (FDI) in Pakistan's ever-challenging business environment. Attock Group of Companies includes the holding compan...

Saint-Gobain issues first double green bond

27 March 2024, Published under Cement News

Saint-Gobain has successfully priced its first double green bond, reinforcing its commitment to sustainable construction. This follows a Sustainability Linked Bond in August 2022 and renewal in December 2023 of its backup revolving credit facility as a Sustainability Linked Loan. Two tranches of the green bond have been issued – EUR1bn with a six-year maturity and a 3.375 per cent coupon,...

CRH completes lime divestment deal in UK

27 March 2024, Published under Cement News

In November 2023 CRH announced that its had reached an agreement to divest its lime operations in Europe to SigmaRoc for around US$1.1bn. The first phase of the deal was completed in January 2024, comprising the operations in Germany, Czech Republic and Ireland. CRH has now completed the second phase of the transaction, comprising its UK lime operations.  The final phase, concerning the a...

Sublime Systems to build first commercial plant

27 March 2024, Published under Cement News

US-based Sublime Systems has been awarded up to US$87m in funding by the US Department of Energy (DOE). The funding will be used to accelerate construction of Sublime’s first commercial manufacturing plant in Holyoke, Massachusetts. Sublime, which first launched in 2020, has scaled up its electrochemical cement manufacturing process to a pilot capacity of 250tpa at its plant in Somerville. ...

Caribbean Cement's expansion underway

27 March 2024, Published under Cement News

Phase one of Caribbean Cement Co Ltd ’s (CCCL’s) expansion project is well underway in Jamaica. It is anticipated that when the  Rockfort plant 's expansion is completed, Caribbean Cement’s existing cement-production capacity will increase by approximately 300,000t. Phase One of CCCL’s expansion project, which will deliver an increase of up to 30 per cent in cement production, is progressi...