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LATEST CEMENT INDUSTRY NEWS
UltraTech Cement commissions Hirmi cement plant’s Clinker Line 2
India: UltraTech Cement has successfully commissioned a second clinker line with a capacity of 2.7Mt/yr at its Hirmi cement plant in Chhattisgarh. The company says that it is on track to also commission a new 1.3Mt/yr grinding unit at the plant in mid-2022. /Global Cement
UAECEMENT.COM - May,18 ,2022

CEMEX ramps up investment in carbon capture technology
CEMEX has announced that CEMEX Ventures, its corporate venture capital and open innovation unit, is increasing its investment in Carbon Clean. CEMEX Ventures has been an early-stage investor in Carbon Clean and used the opportunity of the latest Series C funding round to further increase its investment. This investment is part of CEMEX s strategy to develop breakthrough decarbonisation technology to achieve its ambitious climate action goals under its Future in Action programme. /World Cement
UAECEMENT.COM - May,17 ,2022

Adani Group to acquire Holcim India
India: Holcim has agreed to sell its Indian business to industry, energy and ports conglomerate Adani Group for US$6.37bn. The assets consist of a 63% stake in Ambuja Cement, which in turn owns 50% of ACC, and a 4.5% direct stake in ACC. ACC and Ambuja Cement employ 10,700 people and operate 31 cement plants in India. The deal will make Adani Group India s second-largest cement producer. Chair Gautam Adani said "With Holcim s global leadership in sustainability, we are acquiring some of the most efficient building materials operations in India, powered with clean technologies like heat recovery systems. We recognise that Ambuja and ACC operations are energy intensive and therefore, when combined with our renewable power generation capabilities, we gain a big head start in the decarbonisation journey that is a must for Indian industry." Holcim says that its focus is now on expanding its solutions and products business. Reuters News has reported that the group plans to put the proceeds of the assets sale towards lower-carbon acquisitions. Its Indian operations contributed 26% of group CO2 emissions. CEO Jan Jenisch said "We will always make cement, but we will decarbonise cement.” He added “We are happy to build up other segments like building solutions and products." /Global Cement
UAECEMENT.COM - May,17 ,2022

Holcim considering selling Indian operations
India: Switzerland-based Holcim is reportedly in the early stages of selling its subsidiaries Ambuja Cement and ACC. The company has held discussions with JSW, Adani Group and others, according to sources who have spoken to the Economic Times newspaper. Multinational building material producers have also been approached. Holcim has not commented on what it described as ‘rumours.’ Ambuja Cement and ACC have a combined cement production capacity of 66Mt/yr /Global Cement
UAECEMENT.COM - Apr,19 ,2022

UltraTech Cement declared preferred bidder for limestone block in Karnataka
India: UltraTech Cement says it has been declared as the preferred bidder for a limestone block in an electronic auction conducted by the Karnataka government. The block is situated in Tehsil Chittapur of Kalburgi district in Karnataka next to the company’s integrated Rajashree plant. It has a total cement grade geological resource of 530Mt of limestone over an area of 7.86km2. /Global Cement
UAECEMENT.COM - Apr,13 ,2022

Tanga Cement boosts sales amid profitable full-year 2021
Tanzania: Tanga Cement’s full-year results show a 9% year-on-year rise in sales to US$99.5m in 2021 from US$91.7m in 2020. Its net profit was US$1.5m, as against a US$903,000 loss in 2020. The Kenyan Wall Street newspaper has reported that the company replaced a kiln shell at its Tanga cement plant and outsourced mining operations at its quarry during the year. /Global Cement
UAECEMENT.COM - Apr,10 ,2022

Tanga Cement anticipates return to profitability in 2021
Tanzania: Tanga Cement has advised investors that it expects a ‘significant improvement’ in its results to a profit before tax in 2021, compared to a loss in 2020. The Daily News newspaper has reported that strong sales during the year contributed to the forecast result, along with a drop in finance costs due to a restructuring of debt facilities. Tanga Cement said “The improved performance is a result of Tanga Cement’s initiative to optimise the sales, logistics and distribution, as well as its continued cost optimisation initiative.” It added “The company has been able to achieve this despite the challenging global economic and operating environment conditions.” /Global Cement
UAECEMENT.COM - Apr,04 ,2022

DG Khan increases sales as profit more than doubles in first half of 2022 financial year
Pakistan: DG Khan recorded sales of US$151m in the first half of its 2022 financial year, up by 25% year-on-year from US$120m in the first half of the 2021 financial year. Its profit for the period more than doubled to US$12m from US$4.41m. Its cement exports were valued at US$968,000, more than triple its US$230,000-worth of exports recorded in the first half of the 2021 financial year. /Global Cement
UAECEMENT.COM - Mar,26 ,2022

Siam Cement Group reviewing investment plans in light of Ukraine crisis
Thailand: Siam Cement Group (SCG) says that it is reviewing its planned US$2.4bn investment programme for 2022 due to the changing conditions it faces following the Russian invasion of Ukraine and ensuing cost rises. The Bangkok Post newspaper has reported that the company has recorded a rise in raw materials and energy costs across its businesses. President and chief executive officer Roongrote Rangsiyopash said "We will delay some new investment projects, especially greenfield investments, and consider increasing more investments under merger and acquisition plans to avoid possible impact on our long-term financial management." Rangsiyopash added "Prices of cement and building materials will also gradually increase." /Global Cement
UAECEMENT.COM - Mar,14 ,2022

New Punjab cement plant and two cement plant expansions approved
Pakistan: The Cabinet Committee on Legislative Business of the Punjab government has licenced the establishment of a new cement plant in the state. The News newspaper has reported that the committee also approved the expansion of two existing cement plants. /Global Cement
UAECEMENT.COM - Mar,12 ,2022

Yanbu Cement s sales and profit drop in 2021
Saudi Arabia: Yanbu Cement’s sales recorded a 0.6% year-on-year decline to US$251m in 2021 from US$249m in 2020. Arab News has reported that the company’s net profit fell by 43% compared to 2021 levels. /Global Cement
UAECEMENT.COM - Mar,9 ,2022

Dangote Cement delivers strong growth in 2021 led by Nigerian market
Nigeria: Dangote Cement s revenue grew by 33.8% year-on-year to US$3.33bn in 2021 from US$2.49bn in 2020. Its sales volumes rose by 13.8% to 29.3Mt from 25.7Mt driven by a strong domestic market, although international volume growth was strong. Earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 43.2% to US$1.65bn from US$1.15bn. “Over the last two years, we have finalised the deployment of 6Mt new capacity in Nigeria. Looking ahead, we are now focused on a less capital-intensive expansion cycle, which includes building grinding plants across West and Central Africa to leverage and strengthen Dangote Cement s regional integration. We are on track to deploy grinding capacity in Cote d Ivoire and Ghana. In addition, our Alternative Fuel Project is at an advanced stage which aims to leverage waste management solutions, reduce CO2 emissions, and source material locally. This year, we co-processed 89,000t of waste representing a 60% increase over 2020,” said chief executive officer Michel Puchercos. The group noted that Cement demand in Nigeria was sustained by increasing housing infrastructure, commercial construction, and government projects including major highways, roads, and railways. In May 2021 it re-started exporting clinker from its Onne and Apapa terminals and delivered seven clinker shipments with a total volume of 197,000t in 2021. It also exported 706,000t in 2021 by road to Togo and Niger. Internationally, the group said that it performed well but it also faced challenges in Cameroon, Ghana and Sierra Leone, where freight costs had increased substantially, causing volatility in the landing cost of cement and clinker. /Global Cement
UAECEMENT.COM - Mar,2 ,2022

Indonesia Power produces cement-free concrete from ash
Indonesia: Indonesia Power says that it has processed coal fly ash and bottom ash from its Adipala power plant into building materials, including cement-free ready-mix concrete, concrete blocks, paving slabs and refractory casts. The energy company also supplies ash to mine reclamation and water neutralisation projects, according to LKBN Antara News. In total, it reused 135,000t of ash by-products in 2021. The company generates 85,000t/yr fly ash and bottom ash. Sinar Tambang Arthaestari has previous targeted Indonesia Power s ash products for use in its cement production. /Global Cement
UAECEMENT.COM - Feb, 27,2022

Algerian cement truckers protest loading law change
Algeria: Some cement truck drivers have launched protests against a change in the law which limits their vehicles’ loads below the previous maximum weight. The L’Expression newspaper reports that protests include refusals to depart and the establishment of roadblocks. The actions have prevented the export of some Algerian clinker. Lafarge Algérie said that it raised drivers’ pay per tonne of goods following the law change. The company stated that the new level of pay ensures that transporters will not lose out as a result. Algeria is targeting cement and clinker exports of 10Mt in 2022. /Global Cement
UAECEMENT.COM - Feb, 22,2022

Eco Material Technologies acquires Green Cement
US: Eco Material Technologies has successfully completed its acquisition of near-zero carbon cement alternatives producer Green Cement. Eco Material Technologies previously agreed to acquire Boral’s US fly ash business in December 2021, a transaction which it expects to conclude in 2022. /Global Cement
UAECEMENT.COM - Feb, 16,2022


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