Cement News tagged under: Weekly Newsletter
Dalmia Bharat Cement targets 130Mta28 June 2024, Published under Cement NewsIndia’s Dalmia Bharat Cement plans to reach 110-130Mta of cement production capacity by 2031. The company has also announced an interim target of 75Mta by 2027. According to the company, it aims to achieve this through new construction projects, expanding existing facilities and through acquisitions. In May this year, its cement production capacity stood at 45.6Mt with projects underway to add a further 2.4Mta and 0.5Mta in Assam and Bihar, respectively. A further 9.4Mta will be adde... |
Cementos Molins appoints new CEO27 June 2024, Published under Cement NewsCementos Molins SA has appointed Marcos Cela as its new CEO. Marcos Cela holds a degree in business management by the University of Barcelona, an MBA by ESADE Business School and a PADE senior management programme by IESE Business School. He developed his career at Decathlon Spain and Bic Graphic Europe, joining Molins in 2004 as finance director, a position he held until 2014. From that date until today, he has been a member of the Executive Committee responsible for the regions of Asia, ... |
Heidelberg Materials converts Speed plant to slag grinding26 June 2024, Published under Cement NewsHeidelberg Materials has announced the successful conversion of its cement plant in Speed , Indiana, USA, to a slag grinding facility to better support the increased demand for sustainable products in the fast-growing Midwest market. Following last year’s opening of its new state-of-the-art cement plant in Mitchell , Indiana, Heidelberg Materials ceased Portland cement production at its manufacturing site in Speed and invested in modifying the facility to produce slag cement from do... |
Nuada starts carbon capture trials with Buzzi25 June 2024, Published under Cement NewsUK-based carbon capture technology provider Nuada has announced the launch of its pilot plant operation at Buzzi Unicem's cement facility in Monselice , Italy. Buzzi is trialling Nuada’s advanced carbon capture technology as a solution to produce low-carbon cement, leading the way in cement industry decarbonisation. This pilot project marks a milestone in carbon capture innovation, demonstrating the performance of Nuada's next-generation technology within a cement manufacturing setting... |
PPC FY23-24 results bolstered by strong Zimbabwe performance25 June 2024, Published under Cement NewsPPC has reported revenue of ZAR10,058m (US$551.8m) in FY23-24 (ended 31 March 2024), marking a 20.6 per cent increase from ZAR8339m in the same period a year earlier. According to the company, this was primarily driven by the strong performance in its Zimbabwean operations. EBITDA over the same time frame improved 38.6 per cent from ZAR896m to ZAR1242n, with the EBITDA margin up 1.6 percentage points to 12.3 per cent in FY23-24. In the South Africa and Botswana business, cement revenue... |
Southern Province Cement and Yanbu Cement Co sign an MoU for amalgamation24 June 2024, Published under Cement NewsAccording to Saudi Exchange (Tadawul), Southern Province Cement Co announced the signing of a non-binding Memorandum of Understanding (MoU) with Yanbu Cement Co on 23 June 2024 to evaluate the feasibility of merging the two Saudi Arabian companies. Both companies will commence due diligence, a comprehensive examination of operational, technical, financial, legal and actuarial aspects. This thorough approach ensures that all aspects of the merger are meticulously evaluated, providing a s... |
US and Puerto Rico Portland and blended cement market contracts 4% in 1Q2419 June 2024, Published under Cement NewsTotal cement shipments of Portland and blended cement in the USA and Puerto Rico, including imports, declined by 8.1 per cent YoY to 8.01Mt in March 2024, according to the US Geological Survey (USGS). Texas, Florida, California, Arizona and Georgia accounted for 45.3 per cent of March deliveries. The leading producing states for Portland and blended cement were Texas, Missouri, California, Florida and Alabama. Masonry cement deliveries dropped 16.3 per cent YoY to 186,000t in March 2023. F... |
Maple Leaf Cement reclassifies PKR26bn investment plan18 June 2024, Published under Cement NewsMaple Leaf Cement Factory Ltd informed the Pakistan Stock Exchange (PSX) on 12 June that it had reclassified its PKR26bn (US$93.3m) capital expenditure plan. In addition, the Board of Directors of Maple Leaf Cement approved that for years the company has continued its expansion and diversification strategy and has made significant investments that have enhanced shareholder enterprise value. It continue to add that the board noted that because of these reasons, the general reserve of the... |
Vietnamese PM orders restructuring of construction materials sector18 June 2024, Published under Cement NewsOn June 15, Vietnamese Prime Minister, Pham Minh Chinh, ordered the restructuring of the construction materials industry in terms of organisation, finance and input materials. In an online conference on removing difficulties in stimulating production and consumption of cement, metals, and other construction materials, the Prime Minister highlighted the issues of rising fuel costs, raw material shortages, environmental protection pressures, and problems with policy, markets and financing. ... |
PPC Africa predicts 20% YoY increase in earnings17 June 2024, Published under Cement NewsPPC 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 share jump by 20 per cent. In the 10 months to January 2024, PPC Zimbabwe reported volumes up by ... |