Cement News tagged: Corporate

Ambuja Cements appoints new CHRO

20 December 2023, Published under Cement News

Ambuja Cements has appointed Manoj Kumar Sharma as its new chief human resources officer (CHRO), effective from November this year. In his new position, Mr Sharma will be responsible for succession planning, HR transformation, leadership development, HR strategy, executive coaching, and talent management.   He joins Ambuja from Adani Electricity where he held the role of senior execut...

Saint-Gobain makes first move into Ecuador

19 December 2023, Published under Cement News

Saint-Gobain has entered into an agreement to acquire a majority stake in IMPTEK Chova del Ecuador, a leading player in the construction chemicals market in Ecuador, providing differentiated and innovative waterproofing solutions. This will be Saint- Gobain’s first manufacturing presence in the country. With expected revenues of around EUR30m in 2023, operating one plant in the region of...

Holcim launches Phoenix, 3D-printed bridge

19 December 2023, Published under Cement News

Holcim has launched Phoenix, the first-of-its-kind 3D-printed concrete masonry bridge built using 10t of recycled materials, at its Innovation Hub in Europe. Using its proprietary ECOCycle® circular technology, Holcim developed a custom concrete ink for Phoenix with recycled materials inside. Phoenix demonstrates how circular construction combined with 3D concrete printing can enable low-car...

Sika opens new technology centre in China

19 December 2023, Published under Cement News

Sika has significantly expanded its research and development capacities in the Asia/Pacific region and opened a new, state-of-the-art technology centre in Suzhou, China. According to the company, although the facilities at the new Technology Center comprise cutting-edge laboratories for the development of adhesives and sealants, research infrastructure has also been established for concrete a...

CRH proposal to acquire Adbri

CRH proposal to acquire Adbri

20 December 2023, Published under Cement News

CRH has entered into an agreement to acquire Adbri Ltd . Under the proposal, CRH would partner with Australian family-owned business, Barro Group, which has an approximately 43 per cent share in Adbri. CRH currently has a 4.6 per cent interest in the company via a cash settled derivative and would acquire the remaining approximately 57 per cent of Adbri’s shares not owned by Barro with the ...

Ambuja Cements announces green power investment

18 December 2023, Published under Cement News

Ambuja Cements has announced plans to invest INR60,000m (US$723m) in renewable energy, resulting in green power accounting for 60 per cent of its energy requirements. According to the company, 1000MW of solar and wind power projects are planned, including a 600MW solar power project and a 150MW wind project in Gujarat, along with a 250MW solar power project in Rajasthan. This will be achieve...

Adani Group commits to investment in Bihar

Adani Group commits to investment in Bihar

15 December 2023, Published under Cement News

The Adani Group has announced plans to invest an additional INR87,000m (US$1046m) in the Indian state of Bihar. The money will be spent across a number of sectors, including its cement business. So far Adani has invested around INR8500m in the Bihar region but plans to create an additional 10,000 jobs in the state through its spending plans, according to The Telegraph.  “Bihar is now an a...

Bangladesh's foreign and local cement firms report mixed financial results in 1QFY24

15 December 2023, Published under Cement News

The Bangladesh foreign and local cement firms listed at the Dhaka Stock Exchange (DSX) improved their earnings in the July-September quarter of FY23-24, overcoming challenges stemming from rising energy costs and the depreciation of the taka currency against the dollar during this accounting period. According to local media, the cement makers partially offset additional costs by boosting sale...

Hoffmann Green to build new plants in Florida

15 December 2023, Published under Cement News

Hoffmann Green has signed an agreement with a partner that defines the main points of an exclusive licensing agreement to build several Hoffmann manufacturing units in Florida, USA.  The Inflation Reduction Act (IRA), a major US$370bn investment plan voted in 2022 in the USA, is designed to fund, over 10 years, the country’s energy transition and achieve the goal of cutting greenhouse ga...

Aggregate Industries breaks ground on new Tilbury plant

14 December 2023, Published under Cement News

Aggregate Industries has broken ground on its new low-carbon cement production unit at the Port of Tilbury in the UK. The new facility will enable the company to supply its customers with conventional, low carbon, and circular cementitious materials from five loading heads. The primary objective of the new unit is to meet increasing demand for sustainable building materials. As well as p...

UltraTech targets 85% green power by 2030

14 December 2023, Published under Cement News

UltraTech Cement aims to increase the share of green energy in its total energy mix from the current 22 to 60 per cent by FY25-26 and 85 per cent by 2030. According to its Managing Director, KC Jhanwar, the company has been consistently scaling up the green energy mix in its total power requirement over recent years with the aim of meeting its entire electricity requirement from renewable so...

Holcim's CCUS project scoops COP28 awards

14 December 2023, Published under Cement News

Holcim has received two awards at COP28 in Dubai for its Carbon2Business project in Lägerdorf, Germany, in recognition of the scalability and breakthrough innovation of its carbon capture technologies. The first saw Holcim named by the COP28 Presidency as an 'Energy Transition Changemaker' - a title awarded to companies with game-changing innovative solutions that can be scaled to accelerate...

Ramco Cements enhances Kolimigundla clinker capacity

14 December 2023, Published under Cement News

The Ramco Cements Ltd (RCL) has increased clinker capacity at its  Kolimigundla works in Andhra Pradesh, India, by debottlenecking its pyroprocessing system.  The debottlenecking process has increased clinker capacity at cement plant by 0.65Mta to 3.15Mta, a company executive told local press. The Kolimigundla plant is now operating at full capacity.  The official added that the expan...

Taiwan Cement completes share agreement for Denizli Çimento

13 December 2023, Published under Cement News

Taiwan Cement Corp  has finalised its agreement with OYAK Çimento to acquire a further 20 per cent stake in Denizli Çimento ,Turkey. According to Reuters this will boost Taiwan Cement's share in the company to 60 per cent. The preliminiary Memorandum of Understanding (MoU) regarding the deal was signed in November this year. Reuters has assigned Denizli Çimento a total enterprise value of ...

South Africa regulator recalls Econo Cement product

13 December 2023, Published under Cement News

South African company Econo Cement has been accused of having a 'sub-standard' product by the National Regulator for Compulsory Specifications (NRCS). The regulator has asked consumers and hardware stores to participate in a nationwide recall of Econo Cement's CEM V/A S-V 32.5 N product after investigations found it failed to meet the minimum requirements of prescribed strength.  CEO of the...

Saint-Gobain signs power agreement in South Africa

12 December 2023, Published under Cement News

Saint-Gobain has signed a renewable electricity supply agreement (power purchase agreement or PPA) with CVE, an independent French renewable energy producer, to secure about 140GWh of solar electricity in South Africa, over a 20-year period. This PPA is expected to cover around 40 per cent of the electrical needs of Saint-Gobain’s four major industrial sites in the country, producing gyps...