Displaying items by tag: GCW519

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.”

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.

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.”

Russia: Denmark-based FLSmidth has won a contract with Sebryakovcement for the supply of a grinding mill for its Sebrakovsky cement plant in Volgograd Oblast. The mill will have a capacity of 175t/hr. The supplier plans to commission the mill in 2023.

Russia: Kaluga Cement Plant has put its unfinished cement plant in Kaluga Oblast up for auction. AK & M News has reported that the auctioneer has valued the site at US$374,000, with a reserve of just US$243,000. The reason for the sale is the bankruptcy of Kaluga Cement Plant.

Spain: Acciona and Enagás-led consortium Power to Green Hydrogen Mallorca has begun the construction of one of two planned solar power plants at Cemex España’s Lloseta plant in Majorca. The first, 13,500MWh/yr, plant will consist of 16,600 solar panels. A second, 10,800MWh/yr plant consisting of 12,700 panels will subsequently bring the total power capacity to 24,300MWh/yr. This is enough to produce 300t/yr of green hydrogen for the Lloseta cement plant’s operations.

The project to develop a ‘renewable hydrogen ecosystem’ in Majorca currently has Euro10.0m-worth of funding. The consortium has agreed with local to sheep farmers to allow the latter to use the solar power plant sites for grazing after construction is finished.

India: The board of directors of Prism Johnson has approved plans for the company to raise funds through unsecured non-convertible debentures. The total value raised will be US$12.8m. The producer will issue the debentures on a private basis.

North America: US-based CalPortland has become a corporate member of the Wildlife Habitat Council. The council manages habitats to support sustainable ecosystems and the communities surrounding them. The Japan-based Taiheiyo Cement subsidiary says that the move formalises its commitment to integrating biodiversity and conservation action into its sustainability efforts.

President and chief executive officer Allen Hamblen said "Our membership with the Wildlife Habitat Council provides a unique opportunity to take corporate sustainability goals and objectives and translate them into tangible, on-the-ground actions which ensure a sustainable environment for the next generation."

India: Three construction workers have died after scaffolding collapsed inside the chimney of Saurashtra Cement’s Porbandar cement plant in Gujarat. India Today Online News has reported that a team of ten builders was performing repair work before the accident occurred. Four of the seven survivors remain trapped. District officials have established contact with them via a drone.

Argentina: Loma Negra recorded first-half 2021 consolidated sales of US$290m, up by 44% year-on-year from US$201m. It increased its earnings before interest, taxation, depreciation and amortisation (EBITDA) by 64% to US$100m from US$61.0m. Its net profit was US$86.0m, compared to US$12m in the first half of 2020. The company sold 2.79Mt of cement in the period, up by 39% from 2.01Mt.

Chief executive officer Sergio Faifman said “We are pleased to announce another quarter with an excellent performance. Demand continues with a strong momentum, and after several quarters of recovery is now exceeding pre-pandemic levels.” He continued “For the second half, we expect strong recovery to continue and an expansion vis-à-vis pre-pandemic levels, as seasonality and public works should begin to contribute positively. Nonetheless, we remain cautious, as the macroeconomic context may affect the recovery and some degree of uncertainty remains in relation to the pandemic.”