Cement News tagged: Corporate
Burnpur Cement Ltd acquisition increases UltraTech Cement's capacity
UltraTech Cement has acquired a 0.54Mta cement grinding assets of Burnpur Cement Ltd, located at Patratu in Jharkhand, India, at a consideration of INR169,790m. This investment marks the company’s entry in the state of Jharkhand. With this acquisition, UltraTech Cement's capacity in India now stands at 133Mta.
Taiwan Cement expands its European footprint
Turkey's Army Pension Fund, OYAK , has reached a preliminary agreement to sell its stakes in two cement companies to Taiwan Cement Corp for a total of about EUR673m. OYAK is selling a 20 per cent stake in Oyak Denizli Cement of Turkey to Taiwan Cement, valuing the company at EUR1.3bn (US$1.42bn). Taiwan Cement estimates it will pay EUR193.4m for the stake, increasing its ownership to 60 ...
First Graphene successfully completes Phase 2 Trial at Breedon Cement
First Graphene has successfully completed the second phase of graphene-enhanced cement trials in collaboration with Breedon Cement Ltd at the cement producer’s Hope Cement Works. The Phase Two trials used 4t of grinding aid containing PureGRAPH ® to produce an additional 600t of graphene-enhanced cement at the production scale. The focus was on the optimisation of dosing methods at an incre...
Lemi National Cement expected to see inauguration in March 2024
Construction of Lemi National Cement Factory in Ethiopia is 70 per cent completed and the plant is expected to be inaugurated in March 2024. Owned by a joint venture of West International Holding, the African business of West China Cement and East African Holding Co, the 8Mta cement plant is being built at Lemi Building Materials Industrial Park, some 150km north of Addis Ababa. The project ...
New PPC CEO confirmed
Following the finalisation of his work permit, Matias Cardarelli has now been confirmed as the new chief executive officer of PPC Cement . He takes over from Roland van Wijnen, who will stay until the end of 2023 to facilitate a smooth handover. In September this year, the cement producer announced Mr Cardarelli's appointment, subject to the approval of his work permit. “The Board is plea...
Aggregate Industries to use waste ceramics as alternative fuel
Thousands of tonnes of waste ceramics from one of the UK’s largest ceramic tile manufacturers will be recycled to make cement as part of a new initiative from Aggregates Industries . Aggregate Industries has agreed a four-year deal with Johnson Tiles to take 20,000t of legacy waste and broken production scrap a year from its Stoke factory. The tiles will make the short trip from the factory t...
Hoffmann Green to supply Spie batignolles
Hoffmann Green Cement Technologies has signed a contract with Spie batignolles, a major France-based player in building, infrastructure and services, for the supply of Hoffmann Green’s carbon-free cements, including a volume commitment until 2027. With sales of EUR2.3bn in 2022 and more than 8000 employees, Spie batignolles is an independent group operating in six major business areas: c...
Pioneer Cement still to decide on greenfield or brownfield expansion
Pioneer Cement has yet to select a green or brown option for expansion in the Punjab. Topline Securities hosted a corporate briefing session (CBS) for Pioneer Cement Co Ltd (PIOC) on 24 November, where PIOC group chairman, M Habibullah Kha, shared the company’s future outlook. The company’s management highlighted that PIOC had acquired a site at DG Khan for a greenfield project in southw...
UltraTech Cement eyes up Kesoram Industries
UltraTech Cement has reportedly expressed an interest in acquiring Kesoram Industries and is already carrying out due diligence on the company. According to CNBC, UltraTech is exploring two options: buying out the existing promoter or just acquiring the cement business of Kesoram. Kesoram currently operates in two markets, cement and rayon, with a cement production capacity of close to 10M...
Loesche GmbH acquires hydraulic company
Loesche GmbH has successfully acquired the valuable know-how of the renowned company RuhfusSystemhydraulik. In the past, Ruhfus was a reliable supplier of high-quality hydraulic solutions and a valued, long-standing business partner of Loesche. Ruhfus Systemhydraulik, a developer of hydraulic systems and components, was forced to file for insolvency due to economic challenges. Loesche regrets...
Gharibwal Cement vows to continue the BMR project
Gharibwal Cement Ltd in Pakistan has arranged a corporate briefing session on the FY22-23 and 1QFY23-24. To recall, the company posted a profit after tax of PKR1.232bn (US$4.311m) in FY22-23 vis-à-vis PKR1.355bn in FY21-22. BMR Projects – existing line Top officials outlined the company's balancing, modernisation and replacement (BMR) programme at its 2.11Mta plant in Jehlum, Punjab. A 10MW...
Domicem inaugurates second line
Domicem inaugurates the second production line at its Sabana Grande de Palenque plant in San Cristóbal, Dominican Republic. The new line will increase the plant's production capacity to 3Mta as well as enable the country to be self-sufficient in terms of clinker production. The new line includes new crushing facilities, raw materials warehouse, Loesche vertical mill, five-stage precalcining...
Lucky Cement completes the biggest of its kind buyback of shares
Lucky Cement informed the Pakistan Stock Exchange (PSX) earlier this week that the company wants to announce the closure of the purchase period about the buyback of shares by the company, as approved by the members of Lucky Cement Ltd (the “Company”) in the Extraordinary General Meeting held on 24 May 2023. During the purchase period, the company purchased an aggregate of 20,375,000 ordinary...
Sarbottam Cement issues IPOs in Nepali first
Sarbottam Cement has become the first Nepali company to float its initial public offerings (IPOs) at the book building price. According to myRepublica, the cement producer has opened its IPOs for institutional investors with a deadline of 26 November 2023, imposing a cut-off price of NPR401/unit (US$3.00/unit) and a ceiling price of NPR601.50/unit. The Securities Board of Nepal (Sebon) ha...
CEMEX supplies Vertua to Puerto Vallarta airport
CEMEX is supplying its Vertua lower-carbon concrete for the construction of Terminal 2 at Puerto Vallarta’s International Airport, Mexico, which aims to be one of the most sustainable terminal buildings in Latin America. The 68,000m 2 new terminal is planning to be one of the most efficient in terms of sustainability, with the aim of obtaining LEED certification and minimising the carbon em...
CRH sells lime business to SigmaRoc
CRH plc has agreed to divest its lime operations in Europe to SigmaRoc plc for a total consideration of approximately US$1.1bn. The lime business comprises 16 operating locations with leading market positions across Ireland, the UK, Germany, Czech Republic and Poland. The combined business generated sales of around US$610m and EBITDA of roughly US$137m in 2022. The transaction, which is ...