Cement News tagged: Corporate

Southern Province Cement starts work on new Jazan plant

01 June 2022, Published under Cement News

Southern Province Cement Co has started work on its new 5000tpd plant in Jazan, Saudi Arabia. The project is part of the company’s plans to boost its production capacity to 10,000tpd and gradually replace its current production lines. Southern Province Cement’s performance remained under pressure in the first quarter of 2022 as revenues were down 25 per cent YoY .

CBB sees profit fall by 89% in the 1Q22

01 June 2022, Published under Cement News

In the first quarter of 2022, Chile-based Cementos Bío-Bío (CBB) has reported a 14.4 per cent advance in revenues to CLP77,062m (US$92.8m) from CLP67,373m in the 1Q21, according to Valor Futuro. EBITDA decreased by 10.2 per cent to CLP9619m, which the company attributed to “lower cement shipments and lower profit margins on cement and lime that decreased gross profit. Added to this is the ...

Najran Cement secures SAR328.5m loan from Al Rajhi Bank

01 June 2022, Published under Cement News

Saudi Arabia’s Najran Cement Co has obtained Sharia-compliant financing of SAR328.5m (US$87.6m) from Al Rajhi Bank. The loan will be repaid within seven years in semi-annual instalments with a six-month grace period, according to a bourse filing on 31 May. While the long-term financing will fully settle the company’s sole existing long-term loan, the funding also includes a SAR50m short-te...

Sinai Cement reduces 1Q loss

01 June 2022, Published under Cement News

Egypt-based Sinai Cement , owned by Vicat , has posted consolidated net losses after tax of EGP67.19m (US$3.6m) in the first quarter of 2022, an improvement when compared with the year-ago period when losses reached EGP147.97m. Standalone losses were reduced YoY to EGP66.25m from EGP146.23m. Revenues increased to EGP475.57m in the 1Q22 from EGP282.62m in the 1Q21, according to a bourse fili...

Cemento Polpaico reports 67% drop in 1Q profit

Cemento Polpaico reports 67% drop in 1Q profit

31 May 2022, Published under Cement News

Chilean cement producer Cemento Polpaico reported net sales of CLP89,359m (US$107.6m) in the first quarter of 2022, up 7.5 per cent when compared with CLP83,145m in the 1Q21. However, the company’s net profits declined by 66.9 per cent in the 1Q22 to CLP1365m from CLP4124m in the 1Q21. The reduced performance has been attributed by the company to a rise in production  and distribution cost...

Misr Beni Suef Cement sees profits surge to EGP48m in 1Q22

31 May 2022, Published under Cement News

Egypt-based Misr Beni Suef Cement reported net profits after tax of EGP47.65m (US$2.56m) in the 1Q of 2022, up from EGP37.42 in the 1Q21. The company’s revenues advanced to EGP436.38m in the 1Q22from EGP255.92m in the year-ago period, according to a bourse disclosure on 30 May 2022.

MPA welcomes new chief executive

MPA welcomes new chief executive

31 May 2022, Published under Cement News

The Mineral Products Association (MPA) has appointed Jon Prichard as its new chief executive, effective from 1 October 2022. Mr Prichard will succeed Nigel Jackson, who is stepping down as chief executive after 13 years in the role. Mr Prichard joins the MPA from the Institution of Chemical Engineers, where he is currently chief executive, and has previously held positions at the Engineering C...

Jindal to build new 2.5Mta plant in Raigarh

30 May 2022, Published under Cement News

India’s Jindal Group and the Chhattisgarh government have signed a Memorandum of Understanding (MoU) to establish a new cement plant in Raigarh district in the easternmost part of Chhattisgarh State. According to reports in the Times of India, the new facility will have a production capacity of around 2.5Mta of cement and 2.5Mta of clinker. The plant will also have a 12MW waste heat rec...

India Cements joins forces with Tvasta on 3D printed construction solutions

30 May 2022, Published under Cement News

The India Cements is collaborating with Tvasta Manufacturing Solutions to develop energy-efficient construction methods using 3D printing. Tvasta’s technology uses 3D-printing platforms for faster, more economical and more sustainable construction methods, compared to traditional technologies, which can be used for a variety of applications, including housing, sanitation, infrastructure and ...

Perfect planning for Shree Cement's new Raipur clinker line

27 May 2022, Published under Cement News

Achieving its first clinker production in March 2022 , Shree Cement  says its new 9000tpd Line 3 at  Raipur  cement plant, India, was successful because it portrayed a perfect harmony in project planning. "It showed the commitment of Shree Cement and FLSmidth teams, combined with FLSmidth's technologies and process expertise," said Shree Cement. Prashant Bangur, joint MD of Shree Cement,...

Secil Group rebrands

27 May 2022, Published under Cement News

Portugal-based cement producer Secil has undergone a rebranding exercise to demonstrate how its four business areas complement each other in terms of flexibility and knowledge. The UNIBETÃO concrete brand will become known as Secil Concrete, while the aggregates brand Secil Britas will now be known as Secil Aggredos. The cement business will be renamed Secil Cimento. Seciltek, the group’s...

Cementir Group Launches AALBORG INBIND™ in Europe

27 May 2022, Published under Cement News

Cementir Group has launched a new binder product for high-performance mortar and concrete applications in Europe, AALBORG INBIND™, which is a sustainable premixed white cementitious product, based on FUTURECEM ® patented technology, within InWhite ® Solutions. “We are proud to accelerate Ultra High Performance Concrete (UHPC) technology utilisation by launching a new binder solution,...

Eagle Cement Corp 1Q net profit slips 3%

26 May 2022, Published under Cement News

Philippines-based Eagle Cement Corp reported a three per cent decrease in net income to PHP1.66bn (US$31.674m) in the first quarter of 2022 from PHP1.72bn in the equivalent period of 2021. The company’s sales advanced 30 per cent from PHP5.3bn in the 1Q21 to PHP6.83bn in the 1Q22 as historically high quarterly sales volumes combined with higher average cement prices. In addition, its subsi...

HeidelbergCement tightens climate targets and opens sustainability-linked credit line

26 May 2022, Published under Cement News

HeidelbergCement is accelerating its transformation towards a sustainable future. At this year's Capital Markets Day, HeidelbergCement presented new medium-term sustainability and financial targets under the motto 'Concrete Promises'.  Dr Nicola Kimm, member of the Managing Board and chief sustainability officer of HeidelbergCement, says: "We are significantly tightening our climate targe...

Ozinga inflates cement storage silo at Palm Beach

26 May 2022, Published under Cement News

Ozinga, a fourth-generation family-owned construction materials company, has erected a cement storage facility on its location at the Port of Palm Beach, USA. The process to inflate the silo began at 2.00h and took approximately three hours to complete. The structure’s custom appearance is the result of a cooperative effort between Ozinga, the Port of Palm Beach and the City of Riviera Beach ...

SONACIM names new MD and deputy MD

26 May 2022, Published under Cement News

Elhadj Bineye Emma has been appointed the new managing director of Société Nationale de Ciment (SONACIM) in Chad by Decree 1319 of 23 May 2022. He will succeed Ahmat Issakha Diar. The decree also sees the appointment of Koye Ndaye Benoit as deputy MD, replacing Kone Allah-Ridy.