Cement News tagged: Corporate
Heidelberg Materials expands US offering
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...
Adani Group targets Jaypee Group's cement assets
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...
Alpha Cement plant attacked in Myanmar
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
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...
Umm Al-Qura Cement revises fuel price modification impact
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
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...
Cemex US in JV with Couch Aggregates and Premier Holdings
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...
Hoffmann Green partners with Béton Contrôle de l’Estuaire
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
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. ...
UCEM acquires Ecuador’s Ecoluz SA
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
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,...
Saint-Gobain completes CSR acquisition
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...
Cemex supplies NASA bridge project
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...
Pan-United Corp appoints executive chairman, CEO and director positions
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...
Raysut Cement 1H loss widens
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.
Votorantim's Edealina plant to double cement capacity
Votorantim Cimentos has announced an investment of BRL200m (US$36.8m) in the expansion of its Edealina cement plant, in the state of Goiás, Brazil. The modernisation project will add 1Mta to the current cement capacity. The project consists of the construction of a new grinding line that will double production capacity to 2Mta. The project is expected to be completed in the 2H25. The ex...