Cement News tagged under: corporate

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Arabian Cement sets sales targets

22 September 2020, Published under Cement News

Egypt’s Arabian Cement Co has set a domestic sales target of 3.94Mt of cement in 2020, the same value as last year, according to Sergio Alcantarilla, company CEO. Despite outlining the company’s year-end target for the local market, Mr Alcantarilla said that it is difficult to predict its exports in 2020. He noted that this year, the company only sold 2.56Mt during the 8M20 and exported 215,000t. This compares to a total of 2.51Mt sold during the same period last year, of which 283,000...

Bashundhara Group plans third production unit

22 September 2020, Published under Cement News

Bangladesh’s Bashundhara Group is planning a BDT10bn (US$117.7m) investment to significantly increase its manufacturing capacity through the establishment of a third production unit. Bashundhara's daily production capacity will reach 25,000t, according to The Daily Star. The existing units produce around 14,000tpd. "Our target is to export to the Seven Sister states in India as the demand of cement in Bangladesh and India's northern states will increase rapidly in the coming days due to...

Cemex included in the Fortune 2020 Change the World list

22 September 2020, Published under Cement News

Cemex SAB de CV   has been again included in the "Fortune 2020 Change the World" list, which highlights companies around the world that have generated a social impact through activities that are part of their business strategy. This is the third time that Cemex has received this distinction.   Fortune recognised Cemex's efforts in social impact business models. One of the   initiatives was the rapid deployment of solutions to meet the current challenges caused by the COVID- 19 pandem...

Cementos Fortaleza inaugurates Progreso plant

21 September 2020, Published under Cement News

Elementia-owned Cementos Fortaleza inaugurated its new US$25m cement plant in Progreso, Yucatan, Mexico. Yucatan state governor, Mauricio Vila Dosal, and Elementia CEO, Jaime Rocha Font attended the ceremony. The production facility has a capacity of 0.25Mta and incorporates state-of-the-art technology. It will complement the company’s current coverage of the Mexican market and is in line with its present expansion strategy. At the end of 2019, Elementia’s cement operations held a market...

HeidelbergCement Schelklingen plant receives Germany's highest bucket elevator

21 September 2020, Published under Cement News

Germany-based Beumer Group has commissioned Germany’s highest bucket elevator at HeidelbergCement’s Schelklingen plant near Ulm. The order is part of a project by thyssenkrupp Industrial Solutions to modernise the cement works and comply with new emission limit values. As part of the thyssenkrupp Industrial Solutions project, a new preheater tower was built at the HeidelbergCement’plant. The Beumer Group bucket elevator is used to feed raw meal to the kiln. This high-capacity belt bucket el...

High Court orders removal of Birla Corp director

21 September 2020, Published under Cement News

India’s Calcutta High Court has restricted Harsh Vardhan Lodha from holding any position in MP Birla Group companies with immediate effect. As a result, he will no longer be the chairman of Birla Corp Ltd. The decision will reportedly be appealed by the company, according to the Business Standard. "Shareholders elected Harsh Varshan Lodha as a director of Birla Corp with an overwhelming majority of 98 per cent. Mr Lodha being otherwise not disqualified from holding the office of director...

Taiheiyo Cement to transfer equity stake in Qinhuangdao Asano Cement

18 September 2020, Published under Cement News

Japan-based Taiheiyo Cement announced that it would transfer the 71.99 per cent equity stake in its Chinese consolidated subsidiary Qinhuangdao Asano Cement to China's Qinhuangdao Changyang Concrete. A transfer price has not been disclosed, but the transfer is scheduled for the middle of September. After the equity transfer, Qinhuangdao Asano will no longer be a consolidated subsidiary of Taiheiyo Cement. Established in 1995 in Hebei province, Qinhuangdao Asano Cement has been producing cem...

HeidelbergCement to end clinker production in Leimen

18 September 2020, Published under Cement News

HeidelbergCement announced the shutdown of clinker production at its cement plant in Leimen in  Germany’s Rhine-Neckar region by the end of 2022 or beginning of 2023 as limestone reserves in the Nussloch quarry are depleted. In addition, the kiln lines are no longer state-of-the-art and would have required several million euros of investments and hence, clinker production going forward is not considered an economically-viable option, according to the cement producer. The workforce will be re...

HeidelbergCement reveals its 'Beyond 2020' strategy

17 September 2020, Published under Cement News

Dr Dominik von Achten, CEO of HeidelbergCement announced the company’s ambitious new strategy ‘Beyond 2020’ in its Capital Markets Day live webinar yesterday. HeidelbergCement set new targets for carbon reduction, improved EBITDA margin and return on investment capital (ROIC). It also indicated that it would shift its divesting focus of non-core assets to more core asset disposals while investing in digitalisation and low-carbon products. The group has reset its CO 2 reduction goals for 20...

Kyzylkumcement sees net profit rise 71%

17 September 2020, Published under Cement News

Uzbekistan’s Kyzylkumcement saw a net profit of US$20.3m in January-June 2020, rising 70.9 per cent YoY. Revenue also advanced 12.4 per cent to US$97.1m. In the 1H20 the plant increased cement production by three per cent YoY to 1.75Mt, which amounted to 32.2 per cent of the total cement production in the country. Kyzylkumcement is also intending to build its fourth line for the production of clinker by the end of 2020, with the project valued at US$112.63m. The project will be finance...