Cement News tagged: Corporate

Bharathi Cement launches new terminal and new product

12 October 2022, Published under Cement News

Bharathi Cement , part of Vicat , has inaugurated its new 0.75Mta bulk cement terminal in Coimbatore, in the South Indian state of Tamil Nadu. The new terminal in a fully automated packing and distribution facility, operated by just 16 employees, reports APN News. With dedicated own container wagons and a 24hr loading facility, it is the first terminal in India to have end-to-end logistic au...

Giant Cement plans Savannah Terminal with Georgia Kaolin Terminals, Inc

12 October 2022, Published under Cement News

Giant Cement Company has signed an agreement with Georgia Kaolin Terminals, Inc, in Savannah, GA, USA, to build a 60,000t cement import terminal on the Savannah River for the growing southeastern US market.  “Cement demand in the southeast continues to show strong growth in all sectors,” says Tim Kuebler, president & CEO of Giant’s Elementia USA. “Population growth has spurred new infrast...

Adani in talks to acquire Jaiprakash cement unit

10 October 2022, Published under Cement News

Adani Group is in advanced talks to acquire the cement unit of Jaiprakash Power Ventures Ltd, part of Jaiprakash Associates Ltd, according to Mint. The group is expected to pay around INR50bn (US$607m) for a 2Mta grinding unit in Nigrie, Madhya Pradesh, along with other smaller assets. The deal will not only help lower debt for Jaiprakash Power Ventures Ltd but also solidify Adani’s place...

Adani Group to invest US$848m in Rajasthan cement

12 October 2022, Published under Cement News

India’s Adani Group has revealed plans to spend INR70bn (US$848m) doubling the group’s cement production capacity in the northern state of Rajasthan. This follows an announcement by the company to invest INR650bn (US$7.9bn) in the state over the next 5-7 years. Along with cement production, investments are planned in the renewables business, airport expansion, and networks to deliver piped n...

Dangote responds to Obajana plant closure

Dangote responds to Obajana plant closure

10 October 2022, Published under Cement News

Dangote Cement Plc wishes to enlighten stakeholders and the public on the recent shutdown at its Obajana Cement plant in Kogi State. Dangote Cement said, "thugs and local vigilantes from the State Government invaded and sealed the Obajana Cement plant [last Wednesday] over alleged claims of unpaid taxes and Kogi State Government purported equity interest in Dangote Cement PLC. This d...

China Resources Cement releases profit warning

10 October 2022, Published under Cement News

China Resources Cement has issued a profit warning, stating that the company expects its profit attributable to the owners to contract by 64-66 per cent in the 9M22, compared to the same period a year earlier. The company is currently in the process of finalising its unaudited consolidated results for the opening nine months of this year, which are due to be published on 21 October, 2022.  ...

Mill breakdown at Umm Al-Qura Cement

Mill breakdown at Umm Al-Qura Cement

10 October 2022, Published under Cement News

Umm Al-Qura Cement reported a breakdown of its cement mill No 1 on 9 August, which led to a mill stoppage and a reduction in cement sold by 1161tpd, according to a bourse statement.  The Saudi Arabian manufacturer is currently repairing the component failure, which could take a year to complete, according to an expert report from the company. Consequently, Um Al-Qura Cement has increas...

Fecto Cement reports 37% revenue growth

12 October 2022, Published under Cement News

Fecto Cement ’s net sales revenue in the 2022 financial year came in at PKR6775m (US$30.8m), compared to PKR4961m in the previous year, marking a YoY increase of 36.56 per cent. Over the same period, net local sales revenue advanced to PKR6602m, versus PKR4653m, representing YoY growth of 41.89 per cent, against an increase in gross sales revenue of 33.5 per cent and local sales volume growth...

Steppe Cement reports 9% increase in revenue in 3Q22

07 October 2022, Published under Cement News

Kazakhstan's Steppe Cement Ltd has posted a nine per cent YoY increase in revenue in the 3Q22. Revenue came in at KZT13,071m (US$27.7m) compared to KZT12,045m in the same period last year. In the 9M22, revenue was KZT32,651m, up 13 per cent YoY from KZT28,812m in the 9M21.  The company sold 546,327t of cement in the 3Q22, up two per cent YoY. In the opening nine months of this year, sales...

Thatta Cement dispatches up 68% YoY

07 October 2022, Published under Cement News

Pakistan's Thatta Cement has reported net sales of PKR4.26bn (US$19.3m) in the 2022 financial year (ended 30 June, 2022), compared to PKR2.43bn in the previous year. Gross profit came in at PKR320m, down on the PKR384m seen in 2021, while profit for the year was PKR119.3m in 2022, versus PKR201.8m in 2021. According to the company, 2022 saw a better performance despite tough market condi...

Holcim acquires Wiltshire Heavy Building Materials

07 October 2022, Published under Cement News

Holcim has acquired UK-based Wiltshire Heavy Building Materials, a leading building solutions and material circularity company with net sales of over CHF20m (US$20.2m) in 2021. Driving circular construction, Wiltshire recycles 150,000t of construction and demolition waste (CDW) each year into aggregates and concrete with its state-of-the art material recovery system. Miljan Gutovic, regi...

Hoffmann Green signs 3-year deal to supply clinker-free cement

07 October 2022, Published under Cement News

France-based Hoffmann Green Cement Technologies has signed a three-year deal to supply its clinker-free and low energy cement H-EVA SOL to OTE, a specialist in energy and digital networks, civil engineering, and power plant construction. According to Business Wire, Hoffmann Green will supply OTE with its carbon-free activated clay-based cement, H-EVA SOL, as part of the 'Greenpose' proces...

ENVEA Global appoints new CEO

07 October 2022, Published under Cement News

ENVEA Global, ambient, emissions monitoring and proces system manufacturer, has appointed Trevor Sands as its new CEO. Trevor has extensive senior leadership experience in global industrial businesses. He was most recently Global President of Servomex Group, the global expert in gas analysis.    Prior to this he ran the Control Valves business for IMI plc, he was Chief Executive of Cosalt ...

Dewan Cement appoints new CFO

07 October 2022, Published under Cement News

Pakistan's Dewan Cement has appointed Hazrat Ali as its chief financial officer. He succeeds Imran Ahmed Javed. The cement producer currently operates two plants in Pakistan - a 1.7Mta integrated works in District Malir , Sindh, and a 1.13Mt integrated unit in District Haripur , Khyber Pakhtumkhwa.

Holcim partners with TotalEnergies to fully decarbonise Obourg plant

06 October 2022, Published under Cement News

Holcim has signed a Memorandum of Understanding (MoU) with TotalEnergies to work together to fully decarbonise the cement producer’s Obourg plant in Belgium. In a bid to create the first carbon-free cement plant in Belgium, various energies and technologies will be assessed for the efficient capture, utilisation, and sequestration (CCUS) of around 1.3Mt of CO 2 emitted by the facility ev...

Dangote's Obajana cement factory closed off

06 October 2022, Published under Cement News

Dangote Cement's Obajana cement factory in Kogi state, Nigeria, has been sealed off by Kogi State Internal Revenue Service (KGIRS). The plant has been closed off because KGIRS is investigating the company over tax evasion and acquisition controversy, according to Politics Nigeria. In explaining the action, Kingsley Fanwo, the Kogi State Commissioner for Information, said: “Pursuant to th...