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JSW Cement s initial public offering delayed to 2022
India: JSW Group has delayed the initial public offering for its subsidiary JSW Cement to 2022 from December 2020 due to lack of demand for cement. Mint News has reported that the company will increase its cement production capacity during the intervening period by 43% to 20Mt/yr from 14Mt/yr. Managing director Parth Jindal said, “A second consecutive year of decline in cement demand has delayed our expansion plans.” He added, "We will restart capital expenditure projects worth US$160m in October 2020. We re adding 1.5Mt/yr of integrated capacity and 3.0Mt/yr of grinding capacity." JSW Cement s cement production fell by 30% year-on-year in the three months that ended on 30 June 2020. /GlobalCement
UAECEMENT.COM - Aug, 12,2020

Mangalam Cement completes commissioning of waste heat recovery unit in Rajasthan
India: Mangalam Cement has fully commissioned an 11MW waste heat recovery (WHR) unit at its integrated Morak plant in Rajasthan. About half of the capacity of the unit was previously commissioned in January 2020. Completion of the remaining portion was delayed from early 2020 due to coronavirus. /GlobalCement
UAECEMENT.COM - Aug, 08,2020

West China Cement to buy majority share in Kangding Paomashan Cement
China: West China Cement says that its subsidiary Yaobai Special Cement has agreed to buy a 97.5% share of Kangding Paomashan Cement for US$105m. Kangding Paomashan Cement is currently building a 1.5Mt/yr cement production line in the northwest of Ganzi Prefecture of Tibet. The new plant is intended to benefit from its location when the Sichuan-Tibet Railway project fully opens in 2021.
UAECEMENT.COM - Aug, 04,2020

Indian cement demand forecast to drop by up to 15% in 2021 financial year
India: India Ratings and Research has forecast a drop of cement demand of 10 – 15% in the 2021 financial year due to coronavirus lockdowns in some states and flooding in eastern and central regions in the second quarter, according to the Economic Times newspaper. The research report attributed this to oversupply of cement in eastern regions. It also added that companies with more rural markets were likely to benefit from a quicker recovery.
UAECEMENT.COM - Aug, 03,2020

Sales drops in India, France and Italy affect Vicat’s first half results
France: Falls in sales in India, France and Italy since the end of the first quarter of 2020 have negatively affected Vicat’s half year results. However, it noted a rebound at the end of the period, particularly in France, and reported earnings growth in the US and Brazil. Its consolidated sales fell by 2.7% year-on-year to Euro1.30bn in the first half of 2020 from Euro1.34bn in the same period in 2019. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) decreased by 6.7% to Euro213mm. “We kept our production activities running at almost all our sites to keep pace with market trends and seize any commercial opportunities by remaining close to our customers, which has helped to mitigate the impact of the crisis,” said Guy Sidos, the group’s chairman and chief executive officer (CEO). He added that, “In this unprecedented environment, visibility on our full-year performance remains limited.”
UAECEMENT.COM - Aug, 02,2020

Qatar s cement production falls by 30% in May 2020
Qatar: The Industrial Production Index has recorded a 30% year-on-year decline in cement production in May 2020, caused by a reduction in demand due to the coronavirus lockdown. Production nonetheless grew by 6% month-month in May 2020. /GlobalCement
UAECEMENT.COM - Jul, 28,2020

Sinoma Mpande Limestone donates 1000 bags of cement to school construction
Zambia: Sinoma Mpande Limestone has donated 1000 bags of cement for use in the construction of a new secondary school in Chongwe, Lusaka Province. The People’s Daily newspaper has reported that the community is responsible for a 25% contribution in addition to World Bank funding for the project. District Commissioner Robster Mwanza said that it was “hard pushed to meet this requirement” and that the cement would “go a long way” in helping. /uaecement.com
UAECEMENT.COM - Jul, 26,2020

ACC records 40% first quarter profit drop in 2021 fiscal year
India: ACC s profit in the first quarter of the Indian 2021 fiscal year (1 April 2020 – 30 June 2020) was US$36.3m, down by 40% year-on-year from US$60.9m. Sales fell by 38% to US$338m from US$544m. This was due to a 33% fall in cement volumes to 4.80Mt from 7.16Mt and a fall in cement prices. /Global Cement
UAECEMENT.COM - Jul, 22,2020

Second stage of construction begins at Lebap cement plant in Uzbekistan
Uzbekistan: Construction firm Turkmen Enjam has begun the second stage of construction of the 1Mt/yr Lebap plant in the Lebap region of eastern Turkmenistan with the laying of foundation of several auxiliary facilities. The Zolotoy Vek newspaper has reported that development of the 370,000m2 site is scheduled for completion in 2022 and will produce cement using gypsum and porphyritic basalt from the Ufra deposit in the western Uzbek Balkan region. /Global Cement
UAECEMENT.COM - Jul, 20,2020

Oman Cement reports 9.9% net profit drop in first half of 2020
Oman: Oman Cement’s net profit for the first half of 2020 was US$5.39m, down by 9.9% year-on-year from US$5.98m in the first half of 2019. Sales rose by 1.1% to US$68.6m from US$67.9. The results are subject to approval by the audit committee and board. /Global Cement
UAECEMENT.COM - Jul, 18,2020

LafargeHolcim US adopts new environmental product declarations
US: LafargeHolcim subsidiary LafargeHolcim US has adopted Environmental Product Declarations (EPD) to designate products Global Warming Potential (GWP) for easy consumer use, with third-party verification from ASTM International or the National Ready Mixed Concrete Association (NRMCA). Aggregates and construction materials chief executive officer (CEO) Jay Moreau said, “The growth in sustainable construction is driving demand for low-carbon building products that can transparently demonstrate a decrease in our environmental footprint. These new EPDs also push us to continue innovating as we consider the next generation of building materials.” /Global Cement
UAECEMENT.COM - Jul, 16,2020

DG Khan Cement to export cement to the Philippines
Pakistan: DG Khan Cement has secured a contract for the supply of cement to a customer in the Philippines. The cement producer exported 0.27Mt of cement and 0.71Mt of clinker in its financial year to 30 June 2019. Government Advisor for Commerce, Textile, Industry and Production Abdul Razak Dawood called the addition of a Philippine client to the company s order list a “breakthrough” saying, “Once market reach extends then market share will increase. Increasing geographical diversification is an important part of our strategic trade policy.”
UAECEMENT.COM - Jul, 14,2020

Cement maker PPC Zimbabwe finds investor for solar project
Pretoria Portland Cement (PPC) Zimbabwe, has found an investor to build and operate a 32MW solar power plant, to be located at the site of PPC s clinker factory in the town of Colleen Bawn, Matabeleland South province. The project will supply half of its 16MW output to the company itself, while the remaining half is to be fed into the national grid. PPC Head of Operations, Mr Marvellous Sibanda, said: “We ran a tender system and we have selected the prospective provider of the technology.” “We have signed everything, so now they are at the stage where they are raising the funding to implement the project.” “At the moment we can t disclose but it s a local company based here in Zimbabwe with technical partners in South Africa.” Project financing is now being arranged, with construction of the PV farm expected to take 18 months. /WorldCement
UAECEMENT.COM - Jul, 11,2020

Vicat to implement Carbon8 Systems carbon capture and use system at Montalieu cement plant
France: UK-based Carbon8 Systems has announced plans for the commercial implementation of its carbon capture and use (CCU) system at Vicat s Montalieu integrated cement plant in France. It follows successful demonstration projects at cement plants in the UK and Canada. The company s CO2ntainer product will be deployed directly onsite at the plant and integrated into Vicat s existing industrial processes. It will capture CO2 directly from the plant s flue gas emissions and use this as part of its Accelerated Carbonisation Technology (ACT) process. This accelerates the carbonation of cement bypass dust into lightweight aggregates. In its first phase of operation it will process and convert up to 12,000t of cement bypass dust.
UAECEMENT.COM - Jul, 11,2020

Cement Manufacturers Association of India considers export markets
India: Mahendra Singhi, the president of the Cement Manufacturers Association (CMA), says that the cement sector can grow its exports with support from the government. He made his comments at the 16th Green Cementech 2020, a virtual conference organised by the CMA and the Confederation of Indian Industry (CII), according to the Hindu newspaper. Singhi said, “The cement industry in India is already aligned with the new vision of self reliance (atmanirbharta) of Prime Minister Narendra Modi. With the right policies in place and support from the government, the Indian cement industry can even increase its production capacity and contribute significantly to India’s global trade and exports.” /Global Cement
UAECEMENT.COM - Jul, 01,2020

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