Cement News tagged: Corporate
Votorantim prices St Marys Cement Inc debt security notes for environmental performance
Votorantim Cimentos SA has informed the general market that it has priced an offering in the international market of debt securities issued by its subsidiary St Marys Cement Inc , Canada of US$500m with 5.896 per cent yield per annum and 5.75 per cent coupon per annum. The yield will be payable semi-annually on the second day of April and October of each year, starting from 2 October 2024, ...
Buzzi SpA's 2023 regional results see cement sales climb in Italy
Buzzi SpA reported domestic hydraulic binders and clinker sales in Italy up 2.1 per cent in 2023, while the ready-mix concrete output slightly declined 1.4 per cent. The average prices of cement and concrete confirmed their improvement compared to the previous period. Such trend in volumes and prices led to net sales of EUR818.3m, up 12.7 per cent (EUR726.2m in 2022). Ebitda achieved EUR175....
Power Cement debuts export to the USA
Power Cement Ltd has dispatched its first shipment to the USA. This shipment follows the start of exports to the Europe. On 27 December 2023, Power Cement marked a significant milestone as it successfully entered the European market by exporting its cement to the UK, marking the company's commitment to global expansion. It positions the company as a formidable force in the international cons...
Bedeschi SpA to supply crushing unit to Buzzi Unicem
Bedeschi SpA has announced a finalised contract with Buzzi to provide a double-stage crushing unit for their cement plant in Guidonia, Italy. The system will take in limestone lumps of up to 600mm and reduce these to less than 50mm. Each machine in the system will have a capacity of 750tph capacity with 2x315kW power installed. The project marks the continuation of the relationship b...
Siam Cement develops new low-carbon cement
Thailand-based Siam Cement Group (SCG) has developed a new low-carbon cement that has lowered emissions by 15-20 per cent. According to SCG, the new product is better or stronger than regular Portland cement and was achieved using clean energy sources and waste heat generated during production, resulting in a 38 per cent reduction in energy consumption. The producer has also adjusted the raw...
Flying Cement Ltd's new Line II to announce start of production
Flying Cement Ltd has yet to officially announced the start of production of its new 9000tpd (clinker) Line II, which had a scheduled commissioning date of March 2024. JS Research said commissioning Flying Cement’s 3Mt plant amidst low industry utilisation is challenging. The industry’s average capacity utilisation remained below 60 per cent in the recent quarter, and analysts estimated a...
Buzzi SpA reports consolidated cement sales of 26Mt in 2023
In 2023 Buzzi SpA reported consolidated cement sales of 26.343Mt, down seven per cent compared to 2022. The generalised slowdown in deliveries, which has been already highlighted during the first half of the year, continued also during the following quarters, particularly in central Europe, Poland and the Czech Republic, where the residential sector significantly weighed on demand. In Ita...
Huaxin Cement net income picks up in 2023
China-based Huaxin Cement posted revenues of CNY33.8bn (US$4.671bn) in 2023, up 11 per cent when compared with the previous year. Net income edged up by 2.3 per cent YoY to CNY2.76bn in 2023, but the company’s profit margin slipped to 8.2 per cent from 8.9 per cent as the company saw an increase in expenses. Earnings per share (EPS) increased to CNY1.33 in 2023 from CNY1.30 in 2022. While...
Shree Cement inaugurates new 3Mta plant
Shree Cement has inaugurated its new 3Mta cement plant in Guntur, India. Commissioned six months ahead of schedule, the new facility marks an investment of over INR25,000m (US$300m), reports The New Indian Express. Located in Dachepalli village, Guntur district of Andhra Pradesh, the new plant is Shree’s sixth integrated plant in India and its second in the south of the counrry after its 4Mt...
Ketton works faces opposition for quarry expansion plans
Heidelberg Materials Ketton works plans to extend its Grange Top quarry, adjacent to Ketton cement works as mineral reserves are running out. However, hundreds of people have signed a petition opposing plans to expand a quarry at Ketton, UK. Two new areas, already in Hanson’s ownership, known as Field 14 and Northwest Land, have been identified as suitable extensions and a planning applic...
CEMEX receives EPA Energy Star Partner of the Year award for 6th consecutive year
CEMEX has been recognised by the US Environmental Protection Agency (EPA) as 2024 Energy Star® Partner of the Year for the sixth consecutive year. The Partner of the Year award highlights CEMEX's continued efforts to reduce energy consumption, minimise environmental impact, and promote sustainable practices across its cement plants, ready-mix concrete facilities, and other operations across ...
Kant Cement Plant builds new clinker line
Kyrgyz Republic-based Kant Cement Plant OJSC has commenced construction of a new dry clinker production line. The new line will have a clinker production capacity of 2500tpa, equivalent to an annual capacity of 0.8Mt. The Kant Cement Plant, located in Ysykaty District, currently has a production capacity of 1.089Mta of cement and 0.99Mta of clinker.
East African Portland Cement begins second phase of Athi River upgrade
East African Portland Cement (EAPC) has commenced the second phase of its upgrading programme at its Athi River plant. The programme, which will involve a 25-day maintenance shutdown, is designed to boost cement production capacity at the facility to 1Mta in the next two years. “Our machines have run for many years with upgrades in between and lack of maintenance, which has depreciated...
Kohat Cement Co's enhances Line 2 capacity and plans solar project
Kohat Cement Co (KOHC) has recently completed the BMR of its Khyber Pakhtunkhwa Line 2, enhancing its line capacity to 2.1Mta from 2Mta previously, taking total capacity to 5.2Mta, as well as improving its efficiency by ~10 per cent, matching that of Line 3, according to AKD Research. Furthermore, a second solar unit with 15MW capacity is in the pipeline, expected to be commissioned in the...
PPC's success in Zimbabwe is contrasted by surrounding regions
South Africa-based cement manufacturer PPC Cement SA (PTY) Ltd has announced that its operations in Zimbabwe are now debt free, with EBITDA improving 13.6 per cent, for the 10-month period ending January 2024). However, in contrast, sales volumes for its South Africa and Botswana operations fell by four per cent when compared to the equivalent period in the previous year. A spokesperson ...
UltraTech Cement raises capacity with debottlenecking programme
During the course of its capacity expansion programme, the UltraTech Cement ( Aditya Birla Group ) had identified opportunities for debottlenecking and efficiency improvements across various locations, including its wholly-owned subsidiary. Some of these upgrades have since been completed, resulting in additional production capacity of 2.4Mta. The increases in capacity were at the company'...