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17 August 2021

Maple Leaf Cement returns to profit in 2021

Pakistan: Maple Leaf Cement’s sales rose by 22% year-on-year to US$216m in the financial year to 30 June 2021 from US$177m in the same period in 2020. It reported a profit after tax of US$23.2m compared to a loss of US$21.6m previously.

Published in Global Cement News
Tagged under
  • Pakistan
  • Maple Leaf
  • Results
  • GCW519
17 August 2021

Cemix launches white cement plant in Russia

Russia: Cemix, a subsidiary of the Austrian firm Lasselsberger, has launched its new 0.24Mt white cement plant at Bashkiria, near Magnitogorsk in Chelyabinsk Oblast. President Vladimir Putin attended the ceremony. The building materials producer plans to distribute its products nationally from terminals at Lukhovitsy in Moscow Oblast and Afipsky in Krasnodar Krai. The company is a subsidiary of Austria-based Lasselsberger.

Published in Global Cement News
Tagged under
  • Russia
  • Cemix
  • White cement
  • Plant
  • Lasselsberger
  • Austria
  • Launch
  • GCW519
17 August 2021

Holcim Deutschland joins Madaster

Germany: Holcim Deutschland says it has joined Madaster, an online registry for materials and products. Under the scheme, buildings are registered, including the materials and products that were used in their construction. This is intended to make the reuse or recycling of the materials easier, to encourage ‘smart’ design and to eliminate waste. Thorsten Hahn, the chief executive officer of Holcim Deutschland said “The use of alternative raw materials and the closing of product cycles are among the greatest challenges in the construction industry. We owe it to future generations to use the resources that are available to us responsibly and sensibly.”

Published in Global Cement News
Tagged under
  • Germany
  • Holcim Deutschland
  • Holcim
  • Madaster
  • Recycling
  • Sustainability
  • GCW519
17 August 2021

Argos North America takes out US$300m loan linked to gender quality and CO2 emission performance

Colombia: Argos North America has taken out a US$300m loan where the interest rate is linked to CO2 emission reduction indicators and the increase in the percentage of women in leadership positions. It will be used to prepay an existing syndicated loan. The loan has been taken out from BNP Paribas Securities, Natixis, Sumitomo Mitsui Banking Corporation and the Bank of Nova Scotia. This loan is the first linked to environmental, social and corporate governance performance that Argos has signed with international banks.

Published in Global Cement News
Tagged under
  • Colombia
  • Argos USA
  • Argos
  • corporate
  • Finance
  • Loan
  • Gender equality
  • CO2
  • Emissions
  • BNP Paribas Securities
  • Natixis
  • Sumitomo Mitsui Banking
  • Bank of Nova Scotia
  • GCW519
16 August 2021

Qassim Cement to build new production line at Buraydah cement plant

Saudi Arabia: Qassim Cement plans to build a new 10,000t/day production line at its Buraydah cement plant to replace some of the site’s existing lines. Construction will begin in the first half of 2022. The company will announce the cost of the project after completing preliminary studies.

Published in Global Cement News
Tagged under
  • Saudi Arabia
  • Qassim
  • Plant
  • Upgrade
  • GCW519
16 August 2021

China Resources Cement increases turnover as profit drops in first half of 2021

China: China Resources Cement recorded a consolidated turnover of US$2.59bn in the first half of 2021, up by 19% year-on-year from US$2.17bn in the first half of 2020. Cement and clinker sales volumes increased by 16% to 41.6Mt and 30% to 7.04Mm3 respectively. Its profit attributable to owners of the company rose by 13% to US$467m from US$538m. Its capital expenditure (CAPEX) for the half totalled US$159m. It plans to spend US$540m in the full year in 2021.

Published in Global Cement News
Tagged under
  • China
  • China Resources Cement
  • Results
  • GCW519
16 August 2021

ACC signs Business Ambition for 1.5°C pledge

India: Holcim subsidiary ACC has signed the Business Ambition for 1.5°C pledge and joined the UN Framework Convention on Climate Change’s Race to Zero campaign. The producer partnered with CDP India’s Science-Based Targets (SBT) Incubator programme to develop its targets. It has committed to reduce its cement’s Scope 1 emissions by 21% to 409kg/t from 511kg/t and its Scope 2 emissions by 48% per tonne between 2018 and 2030. In 2020, the Scope 1 emissions of ACC’s cement were 493kg/t.

CDP India executive director Shankar Venkateswaran said, “CDP India’s SBT Incubator supports companies in India to align with these targets. By committing to science-based emissions reduction targets, ACC has positioned itself as an industry leader, showing the way for the sector’s transformation to a low carbon sustainable future. We believe that this will encourage more companies on their Net Zero Journey.”

Published in Global Cement News
Tagged under
  • India
  • ACC
  • Sustainability
  • Holcim
  • CDP
  • Science Based Targets
  • Emissions
  • CO2
  • GCW519
16 August 2021

FTSE Russell names Cementos Argos on FTSE4Good sustainability index

Colombia: London Stock Exchange Group subsidiary FTSE Russell has listed Grupo Argos subsidiary Cementos Argos among the top companies on its FTSE4Good environmental, social and governance sustainability index. The index evaluates company performance across 150 indicators including water efficiency, health and safety, labour standards, human rights, fiscal transparency and anti-corruption.

Legal and Sustainability Vice President María Isabel Echeverri said, “We are very excited about being included in the FTSE4Good because it recognises the importance of sustainability management and value creation for us, as well as the efforts we have been making to communicate our goals in a transparent and timely manner in environmental, social commitments and government aspects.”

Published in Global Cement News
Tagged under
  • Colombia
  • UK
  • FTSE Russell
  • Cementos Argos
  • Sustainability
  • GCW519
16 August 2021

Cemex exceeds 100,000m3 of Vertua concrete deliveries in Mexico

Mexico: Cemex has supplied over 100,000m3 of its Vertua concrete product range to projects in its home country. Deliveries reached 113,000m3 to 1700 projects by the end of July 2021. Outstanding orders exceed 500 projects. The company launched the low and net-zero CO2 concrete products in early 2021.

Published in Global Cement News
Tagged under
  • Mexico
  • Cemex
  • concrete
  • Sustainability
  • GCW519
16 August 2021

Martin Engineering launches online conveyor training content

US: Martin Engineering has launched new online conveyor training content. The supplier says that the content integrates with client customer learning management systems (LMS). It is intended to enable users to independently assign, monitor and certify progress of participants across all of a producer’s locations.

Training manager Jerad Heitzler said, “With this new effort in place, Martin has taken another step forward in global conveyor training.” He added “We’ve emerged as an LMS content provider to deliver greater flexibility and control over employee learning, helping customers attain the highest levels of efficiency and safety.”

Published in Global Cement News
Tagged under
  • US
  • Martin Engineering
  • education
  • training
  • digital
  • Conveyor
  • GCW519
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Loesche - Innovative Engineering
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