Cement News tagged: Corporate

Cemex extends Puerto Rico Port operation contract

24 January 2022, Published under Cement News

The Executive Director of the Puerto Rico Ports Authority (APPR), Joel A Pizá Batiz, confirmed that he had renewed a contract to extend the operation of Cemex Puerto Rico at Pier 16 of the Port of San Juan for 20 years .     "The renewal of the contract to extend operations responds to the vision of the Government of Puerto Rico to promote and implement recovery efforts in an efficient ...

Solidia Technologies appoints new vice president of R&D

24 January 2022, Published under Cement News

Solidia Technologies ®   has named construction materials industry leader and innovator Ambitabha Kumar PhD as senior vice president of Research and Development. Award-winning scientist, technologist and silica expert, Dr Kumar brings to Solidia over 30 years of experience in commercialisation and R&D, helping lead the development of new processes and materials using cements, ceramics, compo...

Seven Rings Cement hold durable concrete seminar

21 January 2022, Published under Cement News

Seven Rings Cement recently organised a seminar titled "Durable Concrete for Sustainable Infrastructure" in Chattogram, Bangladesh. Prof Dr G M Sadiqul Islam, Chittagong University of  Engineering & Technology, was present as the keynote speaker. Tahmina Ahmed, additional managing director, Seven Rings Cement, was present as the chief guest. Saif Rahman, director, Shun Shing Group Bang...

Belarusian plant increases production by 10.5 per cent YoY

21 January 2022, Published under Cement News

The OAO Krichevcementnoshifer Cement plant in Kirchev, Mogilev Oblast, Belarus increased its cement production by 10.5 per cent YoY in 2021 to 2.001Mt, the company administration told PrimePress. Shipments of cement to domestic and foreign markets in January-December 2021 increased by 11.5 per cent to 2.029Mt. The plant has been operating since September 1996. In January 2012 it was re...

Savannah Cement seeks KES40bn to fund new clinker plant

Savannah Cement seeks KES40bn to fund new clinker plant

20 January 2022, Published under Cement News

Savannah Cement , Kenya, wants to raise KES39.7bn (US$350m) via a bond on the London Stock Exchange to build a clinker production plant. The firm has been relying on imported clinker to meet cement demand. Savannah Cement Chief Executive Samson Shivina said that the firm expects the plant to be completed by mid-2024. "This is entirely being financed by a bond on the London Stock Exchang...

Carthage Cement turnover rises by 29 per cent in 2021

20 January 2022, Published under Cement News

Carthage Cement , Tunisia, finished 2021 with a total turnover of TND325m (US$112.9m), up 29 per cent compared to 2020 and 30 per cent compared to 2019. This performance helped Carthage Cement to keep its leading position on the local market by achieving a 14 per cent rise in the local market share of revenues compared to 2020. A strong recovery was also recorded for exports of cem...

Holcim transitions leading US plants to blended cement production

Holcim transitions leading US plants to blended cement production

20 January 2022, Published under Cement News

LafargeHolcim US (Holcim group) has announced that its cement plants in Ste Genevieve and Alpena, Michigan, have transitioned to OneCem ® Portland limestone cement (PLC) production, following  the successful transition of the company's cement plant in Midlothian, Texas, last year. Portland limestone cement is a blended cement with a higher limestone content, which results in a product tha...

Holcim issues two sustainability bonds

20 January 2022, Published under Cement News

Holcim Ltd  (Switzerland) has successfully issued two sustainability-linked bonds in the Swiss franc market, with climate action at the heart of its financing strategy. The bonds raised CHF325m (US$355.1m) and CHF100m, with maturities in 2026 and 2032 respectively at a cost of 0.35 per cent and 0.90 per cent per annum. Géraldine Picaud, Holcim CFO: "We are proud to be the first company ...

Tokyo Cement lays foundation stone for expansion project

20 January 2022, Published under Cement News

The Management of Tokyo Cement Company (Lanka) PLC recently laid foundation for a factory expansion project in Trincomalee, to increase its manufacturing capacity by a further 1Mta. The project scheduled to be completed by early 2023 will bring Tokyo Cement Group’s total installed capacity to 4Mta, firmly establishing the Company’s position as the largest manufacturer of cement in Sri Lanka. ...

Fitch Ratings upgrades Argos from stable to positive

19 January 2022, Published under Cement News

Argos, a Grupo Argos cement company, received an upgrade in its credit rating outlook, going from 'Stable' to 'Positive' according to Fitch Ratings, an international credit rating agency. The positive outlook granted by Fitch Ratings reflects the good performance of Cementos Argos and the expectation that the generation of operating cash flows will continue with a growth trend, a trend that...

Alcoa to extend quicklime supply to Cockburn Cement Ltd

19 January 2022, Published under Cement News

Cockburn Cement Ltd (CCL), an Adbri company, is looking forward to continuing to work with Alcoa around the supply of quicklime to its operations in Western Australia.   Adbri announced that CCL has reached an agreement with Alcoa for the supply of quicklime until 31 January 2023, when the existing arrangement ends on 31 January 2022. Adbri said, “The extension reinforces CCL’s posit...

UltraTech Cement consolidated net sales reach INR127.1bn in 3QFY22

20 January 2022, Published under Cement News

UltraTech Cement reports that its consolidated net sales was INR127.1bn (US$1.71bn) in the 3QFY22 when compared with INR121.4bn over the corresponding period of the previous year. Profit after tax jumped eight per cent to INR17.08bn from INR15.84bn. There is a one-time gain of INR5350m in tax for earlier years.  After gaining pace in October 2021, demand slowed substantially in November, ...

w&p Zement virtually accessible

18 January 2022, Published under Cement News

As part of its digitalisation drive, Austrian cement producer w&p Zement is enabling those interested in cement production can now visit three of the company’s locations using their computer or smartphone. At the heart of this step towards external transparency is innovative 3D photo technology. Visitors can also “enter” areas that are normally out of bounds during regular tours for securi...

Dalmia Cement (Bharat) commences commercial production at Murli

20 January 2022, Published under Cement News

Dalmia Cement (Bharat) (DCBL), (Dalmia Bharat group), has commenced commercial production at its Murli cement plant in Chandrapur district, Maharashtra, India. The company acquired the plant for INR4100m (US$55.2m) and further committed to invest INR9290m for the revival, modernisation, expansion and installing green manufacturing equipment such as waste heat recovery systems, solar power, ...

Steppe Cement sees 16% hike in revenue in 2021

17 January 2022, Published under Cement News

Kazakh cement producer Steppe Cement saw its revenue increase 16 per cent to KZT36.02bn (US$82.7m) in 2021 as it sold 1,688,544t of cement, up from the 1,645,744t reported in 2020. The company’s domestic market share was 13.9 per cent. Exports fell by 57.2 per cent to 86,500t from 202,000t in 2020. In addition to increased sales volumes, the company was also able to benefit from a 13 per cen...

Hima Cement suspends operation after fire kills three

17 January 2022, Published under Cement News

Operations at the Hima Cement factory (Holcim group) in Kasese district in western Uganda have been suspended following a fire that broke out at the premises on Saturday afternoon and left three staff members dead. Eight others were rushed to hospital in critical condition. "Our operations at the Hima plant have been stopped as we take stock of this incident and to ensure that the fire is f...