Cement News tagged: Corporate
Anjani Portland Cement appoints new CFO
Rajesh Kumar Dhoot has been appointed chief financial officer of Anjani Portland Cement, effective from 1 October 2023. He succeeds Mr R S Ramanjaneyulu who resigned from the position due to personal reasons. Mr Dhoot is a chartered accountant with over 27 years of experience in various industries, including cement, sugar and textiles. He has worked in the cement industries for 17 years wi...
Maple Leaf Cement Factory reveals export risks
Maple Leaf Cement Factory Ltd (MLCFL), subsidiary of Kohinoor Textile Mills , said it has achieved the highest sales of PKR62bn (US$211.7m) and the highest ever operating profit of PKR12bn in FY22-23. Further, the company installed new Line 4 during the last financial year, having a capacity of 7000tpd in Iskanderabad, Mianwali district, Pakistan, according to the detailed annual report of ...
CRH completes latest phase of buyback
CRH plc has completed the latest phase of its share buyback programme, returning a further US$1bn in cash to shareholders. Between 30 June 2023 and 22 September 2023, 17.7m ordinary shares were repurchased on Euronext Dublin and the London Stock Exchange. This brings total cash returned to shareholders under the company’s ongoing share buyback programme to US$6bn since its commencement in Ma...
CEMEX in refinancing talks with banks
CEMEX is in talks with its banks over the refinancing of a US$3bn credit facility, according to Reuters. Fernando Gonzalez, the company’s CEO, hinted that refinancing might be an option back in July this year following CEMEX’s upgraded outlook to 'positive' by ratings agency Fitch. “We're in current discussions with our banks, because the biggest amount of debt that is maturing is bank d...
Cementos Argos inaugurates solar park in Honduras
Cementos Argos has opened its new solar park at its Choloma unit in Río Blanquito, Honduras. The facility is the second-largest in the Honduran cement industry. The company has invested US$1.2m in the new energy facility, which consists of 2100 photovoltaic modules. The solar park will be able to generate 1.6kWh annually and supply 25 per cent of Argos’ plant in Choloma. The project foll...
Chhatak Cement Co's modernisation faces further delays
State-run Chhatak Cement Co in Sunamgonj, Bangladesh, might not return to production anytime soon as its modernisation project is set to miss the deadline for the second time, while uncertainty over the supply of limestone persists. Initiated in 2016, the project aimed to replace the existing wet-process line with a new dry-line to raise output to 1500tpd in a fuel-efficient and eco...
Unique Cement Industries Ltd joins WCA
The World Cement Association (WCA) has welcomed Bangladesh-based Unique Cement Industries Limited as a corporate member. Established in 2002, Unique Cement has 1500 employees and is a subsidiary of Meghna Group Industries, one of the largest and fastest growing industrial conglomerates in Bangladesh. Unique Cement started its journey with a 1500tpd grinding plant in Meghnaghat , Sonagon. Mo...
UltraTech Cement buys land from The India Cements Ltd
UltraTech Cement ( Aditya Birla Group ) has entered into an agreement with The India Cements Ltd , on 21 September 2023 to purchase a 73.35-acres plot of land (which includes land of 14.53 acres to be procured), located at villages Kantakapalle and Chinnipalem, Mandal Kothavalasa, District Vizianagram, Andhra Pradesh, for a consideration of INR70,000m, exclusive of taxes, stamp duty and reg...
CIMSA and Sabanci to build 0.6Mta US grinding plant
One of Turkey's largest conglomerates Sabancı Holding and Turkish cement manufacturer Çimsa have agreed to establish a grey cement grinding plant in the USA with an investment of US$82m (TRY2.2bn). The facility, with an average grinding capacity of 600,000tpa, will be operational by the end of the 4Q25 and will be fully financed with equity. Çimsa, with its subsidiary operating in the U...
CEMEX leads the way in environmental impact information
CEMEX is the first company in its industry to provide environmental impact information, including CO 2 emissions, for its core products in all of the main markets in which it participates around the world. This disclosure is customised by location and is critical for architects, engineers, contractors, and customers looking to develop more sustainable construction. Depending on the mar...
FLSmidth signs partnership with FCT ACTech
Cement plants have a new solution for online analysis of raw materials thanks to a recent partnership signed between FLSmidth and FCT ACTech. Under the agreement, FLSmidth will incorporate FCT ACTech’s advanced XRF and XRD analysers in its new QCX® CUBE solutions. Quality control in the cement production process is a critical issue and one of growing complexity due to the increasing use ...
Management changes at Vulcan Materials
Tom Baker, previously Vulcan Material’s chief operating officer, has been appointed to the position of president, effective immediately. In this role, Mr Baker will continue to lead enterprise-wide strategic initiatives and support and advise the company's senior leadership team, reporting to Tom Hill, chairman and CEO. “Tom has a deep understanding of the construction materials industry...
JK Lakshmi Cement to buy Amplus Helios solar stake
India-based JK Lakshmi Cement Ltd , part of JK Organisation, has announced it will acquire a 20.80 per cent stake in Amplus Helios Pvt Ltd, a special purpose vehicle to set up a 50MWAC solar power plant in Chhattisgarh, India. The stake will be bought for INR21.6m (US$0.25m). The acquisition will enable JK Lakshmi Cement to secure the source of 40MWAC solar power for its Durg plant.
Capsol Technologies wins two EU feasibility studies
Norway-based carbon capture technology provider, Capsol Technologies, has been awarded feasibility studies for its CapsolEoP® (end-of-pipe) carbon capture technology at two EU cement plants, with the potential to capture more than 1.5Mta of CO 2 combined. According to the company, the studies will begin in the 3Q23. “We are receiving firm response from the industry – a strong indication th...
Lucky Cement announces three new green power projects
Pakistan’s Lucky Cement has announced further investments in green power to help reduce its dependence on imported fuel. According to Business Recorder, the cement producer is launching three new renewable projects with a total power generation capacity of 37.6MW, in addition to the 25MW and 34MW solar power projects recently commissioned at its Karachi and Pezu plants, respectively. Th...
Sika makes management changes
Sika has announced changes to its board of directors and group management ahead of its growth strategy 2028 announcement on 3 October 2023. Thierry F J Vanlancker will be proposed as the company’s new chair of the board of directors at the next annual general meeting in 2024, replacing Paul Hälg who has decided to step down from this position after 12 years. Mr Vanlancker has been a member of ...