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Green Cement appoints Grant Quasha as chief executive officer
Written by Global Cement staff
18 August 2021
US: Pozzolan cement producer Green Cement has appointed Grant Quasha as its chief executive officer (CEO). He succeeds John T Preston, who will remain as chairman of the board. Quasha will be based in Texas, where the company has its headquarters and existing production facilities. He will also be joining the company's board of directors.
Quasha previously worked as the regional chief investment officer of GFG Alliance. Before this he was the CEO and managing director of Paringa Resources, a mining company, and the chief commercial officer of Wolverine Fuels, a producer of bituminous coal. He also worked as the North American Manager of Corporate and Structured Finance at Trafigura AG, as an investment banker in JPMorgan's New York mining and metals division and has worked on the board of directors of the National Mining Association. Quasha holds a Bachelor of Arts degree from Harvard College and a Master of Business Administration (MBA) from Harvard Business School.
Green Cement produces cements made using pozzolonic materials including its PozzoSlag product. It sold over 2Mt of cement in 2020.
56 cement producers join the Iran Commodity Exchange 18 August 2021
Iran: 56 cement companies out of 78 have joined the Iran Mercantile Exchange (IME), a commodities exchange based in Tehran. Abbas Yaghoubi, Director of Commodity Exchange Market Operations, told the Mehr News Agency that all the country’s cement will eventually be traded on the exchange. The IME has to set a based offering volume for every cement production factory. The remaining cement producers outside of the IME have been asked to join and the Iranian Cement Industry Association has written to them also on the matter. Yaghoubi revealed that cement trading on the exchange reached 1Mt/week in August 2021 after starting from around 0.1Mt/week.
Spain: Construction work has started on 6.2MW solar plant that will supply electricity to Cementos Cosmos’ Toral de los Vados integrated plant in León. Commissioning is scheduled by February 2022. The photovoltaic plant will include over 11,400 solar panels in an area of around 10 hectares. It will meet 15% of the plant’s electricity demands. Spain-based solar specialist EIDF (Energía, Innovación y Desarrollo Fotovoltaico) is supplying the unit at a previously reported cost of Euro4m.
SLK orders 100 railway wagons 18 August 2021
Russia: SLK Cement has ordered 100 gondola railway wagons to improve its logistics operations over the busy summer sales period. It increases the company’s fleet of railway wagons - including hoppers, gondolas and dump cars – to 570 units. Yevgeny Grishchenko, the Logistics Director of SLK Cement, said that the expanded railway fleet would reduce delays in deliveries and reduce transport costs.
Saudi Cement increases holding in United Cement Company 18 August 2021
Bahrain: Saudi Arabia-based Saudi Cement has increased its share in its Bahraini subsidiary United Cement Company (UCC) by 37% to 100%. The purchase of additional shares cost it around US$7.5m in May 2021. UCC is an importer and distributor of bulk cement. It operates a marine terminal and was founded in 1999.