Cement News tagged under: Corporate
UltraTech commissions Tadipatri production line01 July 2024, Published under Cement NewsUltraTech is commissioning an additional 3.35Mta clinker along with 1.8Mta grinding capacity at its existing unit situated at Tadipatri, Andhra Pradesh, India. The capacity addition forms part of the 22.6Mta capacity expansion announced in June 2022. Furthermore, with debottlenecking, the company has increased the capacity of its grinding unit at Jharsuguda , Odisha, by 0.4Mta taking it to 4.5Mta. As a result, UltraTech’s total cement capacity has reached 154.86Mta. |
UltraTech Cement poised to buy 23% stake in India Cements28 June 2024, Published under Cement NewsUltraTech Cement says it will buy a 23 per cent stake in Chennai-based rival The India Cements for up to INR18.85bn (US$226m), closing the gap on India's Adani Group. The decision was approved by UltraTech's Board of Directors during a meeting held on 27 June 2024. The investment, which is purely financial and not a related party transaction, is expected to help UltraTech retain a strong presence in the southern part of the country, as Adani firms are attempting to boost its hold in the r... |
Dalmia Bharat Cement targets 130Mta28 June 2024, Published under Cement NewsIndia’s Dalmia Bharat Cement plans to reach 110-130Mta of cement production capacity by 2031. The company has also announced an interim target of 75Mta by 2027. According to the company, it aims to achieve this through new construction projects, expanding existing facilities and through acquisitions. In May this year, its cement production capacity stood at 45.6Mt with projects underway to add a further 2.4Mta and 0.5Mta in Assam and Bihar, respectively. A further 9.4Mta will be adde... |
Holcim ramps up use of AI28 June 2024, Published under Cement NewsHolcim is scaling up its use of artificial intelligence (AI) in manufacturing across more than 100 plants worldwide over the next four years, improving efficiency and reinforcing capacity for customers. With AI already deployed at 45 plants to predict and prevent failures before they occur, Holcim will deepen and broaden this application to boost operational resilience. This will entail Holcim further rolling out a state-of-the-art predictive maintenance solution from leading AI platform s... |
Saint-Gobain to acquire FOSROC28 June 2024, Published under Cement NewsSaint-Gobain has entered into a definitive agreement to acquire FOSROC, a leading privately-owned global construction chemicals player for US$1025m in cash. Following the acquisitions of Chryso in 2021, GCP in 2022 and 33 additional acquisitions since 2021, this move is a new strategic step in establishing Saint-Gobain’s worldwide presence in construction chemicals, which will have combined sales of EUR6.2bn across 73 countries following the acquisition (pro forma). FOSROC is a global ... |
Lebap plant increases production in 4M2428 June 2024, Published under Cement NewsIn the January-April 2024 period, the Lebap cement plant in Koytendag, Turkmenistan, produced 295,200t of product with a total value of TMT59m (US$16.9m), up from last year, according to Trend. Of this total, approximately 17,800t was exported. Owned by Turkmen Cement , the Lebap plant has a total clinker capacity of 6000tpd, following the commissioning of a second 3000tpd line in 2023. The plant is located in eastern Turkmenistan, near the border with Afghanistan. |
Atlantic Group to open new plant in Madagascar28 June 2024, Published under Cement NewsAtlantic Group has laid the foundation stone on a new cement plant in Tamatava, Madagascar. This latest project forms part of the cement producer’s plans to develop its activities in the region, reports FratMat.Info. The new plant will have a cement production capacity of more than 500,000tpa and is expected to begin operations in the second quarter of 2025. To help protect the local environment, Atlantic has said that it intends to use cutting-edge technology to reduce the facility’s ... |
EBRD finances Çimsa's decarbonisation programme27 June 2024, Published under Cement NewsThe European Bank for Reconstruction and Development (EBRD) is providing a EUR25m loan to Turkey’s Çimsa to finance the cement company’s decarbonisation investment programme. The proceeds of the loan will fund the installation of a solar power plant, a waste heat recovery plant, a new silo and resource-efficiency process, and technology upgrades at the company’s Eskisehir plant. The EBRD is committed to align its activities with the goals of the Paris Agreement on climate change. W... |
Shree Cement achieves 1GW renewable energy capacity27 June 2024, Published under Cement NewsIndia-based Shree Cement Ltd has reached 1GW of renewable energy capacity following the commissioning of the company’s 19.5MW solar power plant at factory in Andhra Pradesh. The milestone includes solar, wind, thermal and waste heat recovery power plants. The company has invested INR40bn (US$478.6m) to expand its renewable energy portfolio, representing almost half of its total installed power capacity. In FY24-25 it plans to invest an extra INR10bn to further expand renewable capacity.... |
Holcim invests in Travertine to advance decarbonised cement and circularity27 June 2024, Published under Cement NewsVia its corporate venture capital and open innovation unit MAQER Ventures, Holcim has invested in Travertine to apply the start-up’s proprietary circular technology to the decarbonisation of cement. The new technology binds CO 2 from direct air capture to advanced mineral components, sequestering carbon. Nollaig Forrest, Holcim chief sustainability officer, said: “We’re excited to work with innovative startups like Travertine to advance our goal of making decarbonised cement and concret... |