Cement News tagged: Corporate
Ambuja is first global cement company to join Alliance for Industry Decarbonization
Ambuja Cements , part of the Adani Group, has become the first cement company in the world to join the Alliance for Industry Decarbonization (AFID). The alliance, coordinated by the International Renewable Energy Agency (IRENA), is aimed at accelerating the transition to Net Zero in energy-intensive sectors in line with the Paris Agreement. This move underscores Ambuja's commitment to achievi...
SCIMAT exports 60,000t of clinker in YtD
Société des cements d'Ain Touta (SCIMAT), part of Group Industriel des Ciments d'Algérie (GICA), has exported 60,000t of clinker since the start of 2024, according to Maamar Bahloul, the company's CEO. The majority of the clinker shipments were delivered to Tunisia. Last year, the company exported 260,000t of clinker. SCIMAT intends to increase its exports, both in existing markets and new o...
Cement Hranice records 29% rise in 2023 profit
Czech cement producer Cement Hranice , owned by Germany’s Dyckerhoff AG , recorded a 29 per cent increase in net profit in 2023, reaching a record CZK916.2m (US$40.8m), compared to CZK710.5m in 2022. Revenues from sales grew by 5.5 per cent YoY, advancing from CZK2.227bn in 2022 to CZK2.349bn in 2023, according to the company’s annual report. Despite a reduction in cement sales volume las...
Minister inaugurates hot gas project at Bokajan factory
India's Steel and Heavy Industries Minister, H D Kumaraswamy, recently visited the Cement Corp of India (CCI) factory at Bokajan in Assam’s Karbi Anglong district and said “[The] potential of the region will be harnessed for the benefit of locals.” Mr Kumaraswamy attended a public meeting where he inaugurated the hot gas utilisation project in the raw mills of the cement factory. Imp...
Les Ciments de Bizerte posts 59% drop in 1H revenue
Les Ciments de Bizerte announced disappointing results in 1H24. Revenues at the Tunisian cement producer declined by 59.3 per cent YoY to TND19.58m (US$6.45m) in the 1H24 from TND48.2m in the 1H23. The company’s loss increased by 55.2 per cent YoY to TND-26.8m from TND-17.27m over the same period. In addition, Les Ciments de Bizerte saw its cost of sales fall by 54.6 per cent to reach TND21....
CRH announces new CEO
CRH has announced the appointment of Jim Mintern as the next chief executive officer, succeeding Albert Manifold who will retire at the end of the year. Mr Mintern is currently CRH’s chief financial officer, having been a director of the company’s board since June 2021. He has over 30 years of experience in the building materials industry and has been at CRH for 22 years. The company st...
Calderys Group holds 2024 safe.day
Refractory supplier Calderys organised in all its industrial sites and offices the ‘safe.day’, a day on which the group halts operations for a few hours to promote and strengthen a strong health and safety culture across the company. On 20 September, employees and contractors were asked to stop operations and tasks, and dedicate some time to reinforcing the company’s health and safety cultu...
Ramco Cements invests US$7m in 1Mta capacity upgrade
The Ramco Cements Ltd announced it has increased its cement capacity by nearly 1Mta following the debottlenecking of cement capacity at its Kalavatala plant in Andhra Pradesh, India. The project has increased capacity at the cement works to 2Mta from 1.5Mta. In addition, the company’s Valapaadi grinding unit in Salem District, Tamil Nadu, also improved its efficiency, resulting in an in...
Sunchon Cement plant raises production
The Sunchon Cement plant in the North Korea has launched a drive to increase its production. The plant's officials and workers set a detailed readjustment and reinforcement goal to increase output at the plant this year. They carried out air separator repairs, along with increasing the operating rate of the quarry equipment and vehicles, which has boosted raw material grinding capacity...
Holcim North America's climate commitments scrutinised ahead of US$30bn US listing
Holcim North America is hiding pollution liabilities and other risks from investors as the company plans to list on the New York Stock Exchange in early 2025, warns a high profile new campaign, Concrete Change, led by US-based non-profit, Industrious Labs. “Holcim’s US facilities are woefully behind when it comes to reducing climate pollution from cement production. The longer the company del...
Steppe Cement reports 1H24 revenues of US$34m
Steppe Cement reported its 1H24 unaudited interim results with revenues amounting to US$34.4m, a seven per cent fall from US$36.9m in the corresponding period of 2023. The decline was mainly attributed to a four per cent drop in sales volume. The group made a loss after tax of US$3.5m in the 1H24 compared to US$0.1m profit after tax in the 1H23. First-quarter trading saw an 18 per cent in s...
Sumitomo Drive Technologies expands its Illinois warehouse
Sumitomo Drive Technologies, a leading manufacturer of power transmission and motion control solutions to the cement and other industrial sectors, held a grand opening ceremony for its expanded facility in Glendale Heights, Illinois, USA on 17 September 2024. The expansion project, managed by its trusted construction partner PREMIER Design + Build Group, has significantly increased the facili...
Carbon Limit launches heat-reducing SCM
US climate technology company Carbon Limit launched its CoolCrete™, a heat-reducing product addition to its range of sustainable concrete additives. The product has been designed to address the ongoing heat crisis and urban heat island effect. CoolCrete is a functional supplementary cementitious material that reduces the overall carbon footprint of concrete by up to 40 per cent through replac...
CSN looks to buy InterCement's Loma Negra
InterCement Participações , the indirect controlling shareholder of the cement producer Loma Negra in Argentina, agreed to a new exclusivity period in favour of Companhia Siderúrgica Nacional (CSN) to continue negotiating the acquisition of 100 per cent of its shareholding. The company previously had another exclusivity period, expired as of 12 August, after two extensions. There was ...
Holcim invests in Sublime Systems in low-carbon tech scale-up
Holcim has invested in Sublime Systems, a leading low-carbon cement technology start-up, to expand its range of highly-engineered solutions to decarbonise building at scale, according to a Holcim statement. The partnership will advance Sublime’s first commercial manufacturing facility in Massachusetts, USA, giving Holcim a large share of Sublime Cement™ produced there through a binding off-t...
Confidence Cement to issue rights shares
Bangladesh cement producer Confidence Cement PLC has decided to issue rights shares to raise BDT1.29bn (US$m10.78m) for investment in an associate company named Confidence Cement Dhaka and repayment of term loans. The Chittagong-based cement manufacturer will issue one right share for every three existing shares at BDT45 each, including BDT35 as a premium, as per the board’s decision at a...