Cement News tagged: Corporate

Fauji Cement Co appoints new CEO

15 December 2021, Published under Cement News

The board of directors at Pakistan’s Fauji Cement Co Ltd has approved the appointment of Qamar Haris Manzoor as chief executive officer. The appointment became effective from 13 December 2021 and is expected to last until 12 December 2024.

SOCOCIM launches Climate Plan

20 December 2021, Published under Cement News

Senegal’s SOCOCIM has launched its “Climate Plan” to reduce its carbon footprint by opening a new production line at its Rufisque plant with a capacity of 10,000tpd. FIVES has been awarded the contract for the engineering and equipment. When completed the company’s low-carbon cement capacity will increase from 3.5Mta to 7Mta. SOCOCIM’s Climate Plan aims to reduce the company’s carbon footprin...

Yanbu Cement completes modernisation project

14 December 2021, Published under Cement News

Yanbu Cement Co has announced   the completion of its Kiln Line 4 modernisation project following the recent shutdown. The reason for exceeding the previously announced end date is due to the delay in receiving some spare parts and the improvement of operations of the Line 4.

Taiwan's cement producers announce November results

10 December 2021, Published under Cement News

Taiwan Cement has posted a 1.5 per cent YoY decline in November revenue to TWD9.75bn (US$351.94m) against TWD9.9bn in the year-ago period. In the first 11 months of 2021, revenue stayed largely consistent at TWD96.22bn from TWD95.81bn. Asia Cement saw revenue up 13.4 per cent to TWD8.99bn from TWD7.92bn in November 2020, while revenue in the 11M21 climbed 14.8 per cent YoY to TWD80.25bn. El...

CIMERWA posts a 7% revenue increase

CIMERWA posts a 7% revenue increase

10 December 2021, Published under Cement News

Rwanda's CIMERWA has registered an after-tax profit of RWF4.1bn (US$3.95m) for the year ended September 2021, up 115.8 per cent compared to RWF1.9bn in the previous year. Revenue also advanced seven per cent YoY to RWF67.3bn. “We have achieved strong financial results in the year ending 30 September 2021 despite the effects of various COVID-19 lockdowns during the period. This excellent perf...

Huaxin Cement to begin plant operations within three weeks

10 December 2021, Published under Cement News

Huaxin Cement is now expected to start production at its new 3000tpd plant in Nepal within the next three weeks, with the necessary preparations being made. "We are in the process of finalising the test production. Necessary equipment has been connected, and only some basic works remain. They will be completed in a few days,” said Dilliraj Pokharel, deputy general manager of Huaxin Cement I...

Saint-Gobain and Cementos Argos create joint venture

Saint-Gobain and Cementos Argos create joint venture

10 December 2021, Published under Cement News

Saint-Gobain and Cementos Argos have entered a joint venture agreement to develop mortar solutions.  The partnership will combine Saint-Gobain’s mortar technology with Argos’ strong leadership and local presence. The aim is to offer a wide range of solutions across Colombia to accelerate the evolution of the construction market towards a more professional and sustainable future, creating em...

Cementos Argos to list US business on NYSE

09 December 2021, Published under Cement News

Cementos Argos plans to list its US business on the New York Stock Exchange after several months of analysis. The company will be listed through an initial public offering registered under the rules of the US Securities Exchange Commission (SEC) and will implemented once the structuring process has been completed, in compliance with applicable US regulations. The cement producer will aim to ...

Hsing Ta Cement sees 9% revenue increase

09 December 2021, Published under Cement News

Taiwan’s Hsing Ta Cement has posted an 8.7 per cent YoY rise in revenue to TWD781.72m (US$28.2m) in November, increasing from TWD719.1m in the year-ago period. In the first 11 months of the year, revenue was down 1.8 per cent YoY to TWD6.6bn from TWD6.72bn.

Loma Negra inaugurates second line

08 December 2021, Published under Cement News

Loma Negra (InterCem group) has inaugurated its new production line at the L'Amalí plant in Olavarría, Argentina. Together with national, provincial and municipal authorities, and the cement manufacturer’s customers and suppliers, the  second production line of L'Amalí, the largest cement plant in South America, was inaugurated on 6 December 2021. Its incorporation allows the company to inc...

Dalmia's Bokaro expansion project gets underway

07 December 2021, Published under Cement News

A foundation stone for Dalmia Bharat Cement’s Bokaro expansion project in Jharkhand, India, has been laid by Hemant Soren, chief minister of the state. The project represents an investment of INR5.67bn (US$75.15m) and is expected to be completed within a year. Through debottlenecking works and the addition of the 2Mta grinding line, capacity at the plant is expected to increase from 3.7Mta t...

Boral sells US fly ash business for US$755m

06 December 2021, Published under Cement News

Boral has called time in the US after more than 40 years with the sale of its fly ash business to Eco Material Technologies for US$755m, as it focuses on its construction materials business back in Australia. Chief executive Zlatko Todorcevski says the group’s ongoing divestment programme has now “unlocked substantial value”. “Together with the sale of the North American Building ...

Holcim collaborates with authorities over Lafarge SA case

03 December 2021, Published under Cement News

Holcim is continuing to collaborate with the French judicial authorities, which interviewed a representative of Lafarge SA on 29 November 2021, for the second time since 2018, according to a press release.  The development follows France’s highest court, the Cour de cassation, ruling that Lafarge’s previous indictment for complicity in crimes against humanity was wrongly cancelled by the Pa...

Medcem receives export award

03 December 2021, Published under Cement News

Turkey-based Medcem has been awarded as both the company with the highest grey cement exports and the company with the highest increase in grey cement exports. The award was delivered at a gala night for Turkish Cement Exporters. Alongside this, Medcem is currently embarking on a US$230m project to expand its Mersin factory, raising clinker production capacity from 3.5Mta to 6.5Mta.

FCT forms alliance in China and opens new office

03 December 2021, Published under Cement News

FCT Combustion has created a formal alliance with Enelco Environmental Technology Co (EETC), a leading supplier of air pollution control equipment systems for the utilities, pulp and paper, steel and related industries. The companies are joining forces to support the Chinese steel, cement, glass and other industries with innovative combustion equipment solutions to ensure production safe...

CRH's Ukraine operations rebrand

02 December 2021, Published under Cement News

CRH’s cement plants in Ukraine are to operate under the new brand name of CEMARK. Mykolaivcement, Kamyanets-Podilskyi and Odessa cement plants will come under this branding. The rebranding of the CRH cement plants in Ukraine is linked with a change in the global brand structure for CRH entities. CRH is transitioning from being a holding company to being a global corporate brand. The ...