Cement News tagged: Corporate

PPC Africa predicts 20% YoY increase in earnings

19 June 2024, Published under Cement News

PPC Africa has predicted a 20 per cent increase in earnings for the fiscal year ended 31 March 2024, driven by a strong performance by its Zimbabwe operations. According to The Zimbabwe Mail, the previous year saw PPC Zimbabwe hit by a prolonged kiln shutdown, which had a negative impact on profit. Compared to that prior year, the latest fiscal is expected to see the headline earnings per ...

Peter Bell

Ambuja Cements acquires Penna Cement

19 June 2024, Published under Cement News

Adani Group subsidiary Ambuja Cements has acquired Penna Cement Industries Ltd (PCIL) for INR104,220m (US$1274m). Following this latest acquisition Adani Cement 's production capacity increased to 89Mta. It would also provide sufficient limestone reserves to Ambuja Cement. By 2028 Adani targets a total production capacity of 140Mta capacity and around 20 per cent market share.  In...

Suzanne Starbuck

Chilanga Cement inaugurates kiln upgrade

17 June 2024, Published under Cement News

Zambia-based Chilanga Cement has inaugurated its Ndola  kiln upgrade project. The project will not only enhance the cement plant’s production capacity but also its environmental sustainability. According to News Invasion 24, the upgrade will enable greater use of renewable energy sources as well as improving product standards.  Jianping Chai, CEO of Chilanga Cement, said the investment c...

Apo and Solid Cement repurchase brands from CEMEX

17 June 2024, Published under Cement News

Cemex Holdings Philippines (CHP) disclosed that APO Cement and Solid Cement have repurchased the cement brands from their Switzerland-based sister firm, Cemex  Innovation Holding (CIH). The deal with the Consunji family cost US$12.55m. APO Cement, operating from Naga, Cebu, acquired the Apo Cement brand for US$8.2m, while Solid Cement, which has a plant in Antipolo, paid US$4.53m for the R...

Adbri shareholders agree to CRH takeover Suzanne Starbuck

Adbri shareholders agree to CRH takeover

14 June 2024, Published under Cement News

Shareholders in Australia-based Adbri have given the green light to the takeover bid by Ireland’s CRH . According to The Australian, almost 98 per cent of the votes cast at a meeting held this week at Adbri were in favour of CRH’s acquisition of 57 per cent of Adbri shares. CRH first made a bid for the shares in December 2023, offering AUD3.20(US$2.13)/share, valuing the company at around A...

Suzanne Starbuck

Lafarge Canada and Hyperion collaborate on carbon recycling

12 June 2024, Published under Cement News

Lafarge Canada and Canadian carbon technology innovator Hyperion Global Energy Corp have announced the launch of Hyperion’s patented Tandem Carbon Recycling System © pilot. This pioneering process advances circularity by capturing and transforming carbon emissions into high-performance mineral components used to make sustainable building solutions such as low-carbon concrete and other mater...

Ecocem appoints Ghizlane Ruf as chief of staff

Ecocem appoints Ghizlane Ruf as chief of staff

14 June 2024, Published under Cement News

Ireland-based Ecocem has announced the appointment of Ghizlane Ruf as its Chief of Staff. Ms Ruf will play a pivotal role in driving Ecocem’s growth by working with its senior executives to prioritise strategic business decisions and enhance team efficiency.   She extensive experience within the cement and concrete industries, following her previous role at Lafarge Cement.   Reporting to Conor...

Muriel Bal

Heidelberg Materials ceases clinker production at Añorga

14 June 2024, Published under Cement News

Heidelberg Materials will stop clinker production at its Añorga plant in Spain. The company will continue operating the plant as a grinding facility. The step will enable the company to focus on the production of reduced clinker cement, resulting in a broad range of sustainable products for customers in Spain and southwest France. Heidelberg Materials will focus its clinker production in...

Suzanne Starbuck

Sonapur cement plant provokes violent protests

11 June 2024, Published under Cement News

Taj Cement Authority’s plans to build a new cement plant in Sonapur, Assam, India, was met by violent protests from local residents over concerns regarding the environmental impact of the plant on the local area. According to Indian Today, activists argue that the INR3420m (US$41m) project will cause irreversible damage to the local ecosystem, impacting not only the biodiversity of the area...

Muriel Bal

Holcim Colombia appoints new executive president

11 June 2024, Published under Cement News

Martín Costanian has been appointed as the new executive president of Holcim Colombia SA . Mr Costanian will succeed Marco Maccarelli, who will take up new challenges within Holcim. Holcim Colombia’s new executive president has a degree in science and business administration from the Universidad Católica del Uruguay and has a Master of Business Administration from the Carlson School of Mana...

Suzanne Starbuck

Cemenco connects to LEC grid

10 June 2024, Published under Cement News

Liberian-based cement producer Cemenco has been connected to the Liberia Electricity Corp (LEC) grid, making it the public utility company’s largest customer, reports Energy Capital Power. The ceremony, which took place is Monrovia earlier this month, marked the signing of the agreement between LEC and Cemenco, designed to reduce production costs for the cement manufacturer. Cemenco will be ...

Peter Bell

Hycontrol changes name to join ENVEA

10 June 2024, Published under Cement News

ENVEA, the global leader in environmental management solutions, has announced that Hycontrol is being renamed to ENVEA following its successful acquisition in 2023.   ENVEA is now the operating name for the Hycontrol business, as part of its wider strategy to take its silo protection and safety systems to new customers and markets across the globe. By utilising ENVEA’s existing global sales a...

Suzanne Starbuck

Saint-Gobain announces new directors

10 June 2024, Published under Cement News

Saint-Gobain has announced the appointment of three new independent directors. The directors are Sophie Brochu, former chairman and chief executive officer of Hydro-Québec (Canada), Hélène de Tissot, chief financial officer of Pernod Ricard Group, and Geoffroy Roux de Bézieux, entrepreneur. The company has also approved the renewal of Jean-François Cirelli as a director and reiterated it...

Muriel Bal

Cementos Pacasmayo reports 14% advance in 1Q net profit

07 June 2024, Published under Cement News

Peru-based Cementos Pacasmayo SA reported a 7.2 per cent decline in cement, concrete and prefabricated product sales in the first quarter of 2024 to 685,700t from 738,600t in the 1Q23. Net sales slipped by 0.7 per cent to PEN476.5m in the 1Q24 from PEN480m in the year-ago period. However, the company was able to report a 9.6 per cent YoY uptick in operating profit to PEN95m from PEN86.7m i...

Muriel Bal

Cimpor subsidiary invests EUR11.5m in new bag line

07 June 2024, Published under Cement News

Sacopor, part of Cimpor , is investing EUR11.5m in a new bag production line. The new line will increase the company's annual bag output from 130m to 160m. The new bag line was inaugurated on 6 June 2024 at the company's Alenquer plant and operating in Portugal for the last three decades, the latest line is the fourth at the facility, according to Noticias Financieras. Its output is supplie...

DG Khan Cement is exploring other destinations for export

07 June 2024, Published under Cement News

BMA Capital recently organised a webinar with Inayat Ullah Niazi, the CFO of DG Khan Cement Co (DGKC). The webinar focussed on the company’s financial performance and outlook.  DG Khan Cement's CFO expects an unfavourable macroeconomic environment to cause domestic cement demand to contract by 4-5 per cent in FY23-24. However, he anticipates a recovery in demand and sees capacity utili...