Cement News tagged under: Weekly Newsletter
Hungary's Talentis acquires Lukavac03 January 2024, Published under Cement NewsHungary-based Talentis International Construction Investments kft has acquired Lukavac Cement dd for an undisclosed amount. Established in 1974, the Bosnian cement producer was previously owned by Asamer Baustoffe AG of Austria. It operates a 0.9Mta cement plant in Lukavac , near Tusla, northern Bosnia. Talentis is owned by Hungarian businessman and former politician Lorenz Meszaros. |
UltraTech's sales rise 6% YoY in 3QFY23-2402 January 2024, Published under Cement NewsUltraTech 's consolidated sales rose by six per cent per cent to 27.32Mt YoY in the third quarter ended 31 December 2023. Aditya Birla Group , UltraTech's parent company, announced in a regulatory filing that total sales volume in the domestic market was up five per cent YoY to 26.06Mt during the quarter under review. The company's domestic grey cement production was at 25.44Mt in the October-December 2023 quarter, reporting five per cent growth YoY, while its white cement production wa... |
Wonder Cement announces Tulsigam grinding plant02 January 2024, Published under Cement NewsWonder Cement Ltd has announced the setting up of a new production facility at Tulsigam, Gujarat, India. The 2Mta Tulsigam unit is set to augment the brand's manufacturing capabilities, seamlessly integrating with its existing production lines. "Each strategic move, including our new Tulsigam grinding unit, is aligned with our commitment to cater to Bharat’s evolving infrastructural demands. We're poised for continued growth and are deeply committed to quality, innovation, and societal ... |
2023: what a year for the cement sector!22 December 2023, Published under Cement NewsAn overview of 2023 in the cement world reveals how carbon capture and decarbonisation initiatives were fully embraced by the industry. The pipeline of new projects gained unstoppable momentum as cement producers worldwide continued to modernise facilities and restructure their businesses for the future. Starting in January, Colacem's Canadian cement plant project at L'Orignal faced opposition from local residents. IKN commissioned Southern Province Cement’s new cooler in Bisha, Saudi Ara... |
UK carbon pricing levy by 202720 December 2023, Published under Cement NewsThe UK is to introduce a new import carbon pricing mechanism by 2027 to support its decarbonisation drive. Among the products subject to the new levy will be cement, along with steel, iron, aluminium and ceramics. Imports of these goods from overseas will face a comparable carbon price to those produced in the UK, helping to reduce the risk of carbon leakage. According to the UK Government, the charge applied by the carbon border adjustment mechanism (CBAM) will depend on the amount of c... |
BUA's Sokoto Line 5 begins production20 December 2023, Published under Cement NewsProduction has begun at Line 5 of BUA Cement ’s Sokoto plant. The 3Mta expansion project forms part of the company’s plans to not only expand its production capacity but also bring down cement prices in Nigeria. In October this year BUA lowered its ex-factory cement price to NGN3500 (US$4.55)/bag, with the company announcing plans to review its prices even further in the opening quarter of 2024, reports The Capital. The new line at Sokoto takes BUA’s total cement production capacity c... |
TITAN announces IFESTOS grant agreement with EU Innovation Fund19 December 2023, Published under Cement NewsTITAN has signed a Grant Agreement with the EU Innovation Fund for IFESTOS, its pioneering carbon capture project in Greece, following its selection in July, in the context of the fund’s third call for large-scale projects. The EU Innovation Fund, one of the world’s largest funding programmes for innovative low-carbon technologies, will support TITAN's project with a grant of EUR234m. IFESTOS is poised to accelerate the green transformation of the Greek building materials industry and ... |
CRH proposal to acquire Adbri18 December 2023, Published under Cement NewsCRH has entered into an agreement to acquire Adbri Ltd . Under the proposal, CRH would partner with Australian family-owned business, Barro Group, which has an approximately 43 per cent share in Adbri. CRH currently has a 4.6 per cent interest in the company via a cash settled derivative and would acquire the remaining approximately 57 per cent of Adbri’s shares not owned by Barro with the intention to delist Adbri from the Australian Securities Exchange (ASX). CRH and Barro have submi... |
Key producers collaborate on new carbon capture technology14 December 2023, Published under Cement NewsHolcim , SCG-CGS , Cementos Argos and Cements Molins are collaborating with Nuada, a pure-play carbon capture company, on a next-generation carbon capture technology designed to deliver low-carbon cement. The technology involves the construction of energy-efficient filtration machines that capture CO 2 from industrial off-gases, enabling hard-to-abate sectors to reduce they carbon footprint with minimal impact on their bottom line. It combines advanced solid adsorbents (Metal Organ... |
Cement factories in Wallonia receive decarbonisation funding boost14 December 2023, Published under Cement NewsHolcim , CBR and Compagnie des Ciments Belges (CBB) are among five industrial companies based in the Wallonia region of Belgium to receive a EUR346m finance package to halve their greenhouse gas (GHG) emissions. Half of the financial package is being publicly financed by Wallonia and Europe. The cement producers will have assistance in halving their CO 2 emissions, along with steel makers Industeel and Aperam. The five heavy-industry manufacturers are among the largest GHG emitters ... |