Cement News tagged under: Weekly Newsletter
Bestway Cement completes Punjab brownfield line20 February 2023, Published under Cement NewsGeneral Counsel and Company Secretary of Bestway Cement Ltd (BWCL), Hassan Niazi, informed Pakistan Stock Exchange (PSX) that the company has completed the construction and installation of a brownfield line at its Hattar plant in Punjab. The bourse filling adds that Hattat Line-II has a clinker capacity of 7200tpd and the new production line commenced cement production on 17 February 2023. A last-quarter report adds that the work on the company’s greenfield cement plant of 7200... |
CCI gives green light to Dalmia acquisition of JAL16 February 2023, Published under Cement NewsThe Competition Commission of India ( CCI ) has approved an INR56,660m (US$685.7m) deal related to Dalmia Cement ’s acquisition of cement, clinker and power plants of Jaiprakash Associates Ltd (JAL), according to The Hindu Business Line. The acquisition will enable Dalmia Cement to expand its footprint into the central India region and emerge as a pan-India company with 75Mta of capacity by FY27 and 110-130Mta by FY31.This latest transaction, once approved by all... |
Cementos Pacasmayo reports 15% increase in 2022 net income15 February 2023, Published under Cement NewsPeru-based Cementos Pacasmayo saw its revenues increase by 1.7 per cent YoY to PEN533.8m (US$138.8m) in the fourth quarter of 2022, mainly due to an increase in average prices of bagged cement as inflation affected the company’s raw material and energy costs. Sales volumes of cement, concrete and precast in the 4Q22 decreased 1.7 per cent from peak levels in the 4Q21. In the last quarter of 2022, the company reported a 14.5 per cent YoY decline in consolidated EBITDA to PEN121m, mainly ... |
HeidelbergCement India sees profit slump in December 2022 quarter15 February 2023, Published under Cement NewsHeidelbergCement India has reported total income of INR5506.7m (US$66.6m) in the quarter ended 31 December 2022, up from INR5170.6m in the previous quarter but down slightly on the INR5568.1m seen in the same quarter in 2021. Over the nine months ended 31 December 2022, total income came in at INR16,678.8m, down from INR17,135.9m in the same period a year earlier. Net profit in the quarter ended 31 December 2022 stood at INR55.8m, compared to INR70.1m in the previous quarter, and signi... |
Brazilian cement sales up 7% in January13 February 2023, Published under Cement NewsSales of cement in the Brazilian market increased by 6.8 per cent to 4.829Mt in January 2023 from 4.52Mt in January 2022 and by 8.1 per cent MoM from 4.467Mt, according to the country’s cement association, SNIC. However, this increase is from a low base in January and December, which had the worst performances of last year. The construction market continues to contract, both in terms of building material sales and real estate financing. In addition, confidence by businesses and consumers is... |
Holcim launches calcined clay cement line in Europe13 February 2023, Published under Cement NewsHolcim has launched a calcined clay cement operation in its Saint-Pierre-la-Cour plant in France to deliver ECOPlanet green cement with 50 per cent lower CO 2 footprint compared to standard cement (CEM I). This advanced production line will use Holcim’s proprietary technology proximA Tech and produce up to 500,000toa of low-carbon cement. The sustainable operations are powered with 100 per cent biomass-based alternative fuels and waste heat recovery systems, making the manufacturing of... |
Cementir reports 27% revenue rise in 202209 February 2023, Published under Cement NewsCementir reported consolidated 2022 group r evenue at the record level of EUR1720.9m (US$1851.4m), up by 26.5 per cent compared to EUR1360m in 2021. EBITDA reached the record level of EUR355m, up by 14.2 per cent on 2021. EBIT, after amortisation, depreciation, impairment losses and provisions of EUR119.4m (EUR113.2m in 2021), amounted to EUR235.6m, up by 19.1 per cent from EUR197.8m in the previous year. Profit before taxes was EUR247.6m, an increase of 43.9 per cent compared to ... |
Tarmac participates in UK's Cement 2 Zero project09 February 2023, Published under Cement NewsCement 2 Zero (C2Z), a UK-based demonstrator project to trial the world’s first zero-emissions cement on an industrial scale, was officially launched this week having successfully conducted the first in a series of pilot-scale melts. Tarmac ( CRH Group ) is among the project participants to represent the cement sector. The innovative project, which secured GBP6.5m (EUR6.75m) of government funding from UKRI as part of the Transforming Foundation Industries Challenge, aims to further a... |
US production and consumption increased in 202208 February 2023, Published under Cement NewsThe US produced an estimated 95Mt of Portland and masonry cement in 2022, according to the US Geological Survey (USGS), up from 93Mt in the previous year. Cement was produced at 96 plants in 34 states, along with two plants in Puerto Rico. Texas, Missouri, California and Florida were, in descending order, the four leading cement-producing states, accounting for approximately 43 per cent of US production. The US cement industry’s growth continues to be constrained by closed or idle p... |
Mitchell cement plant receives US$8.9m for carbon storage project08 February 2023, Published under Cement NewsHeidelberg Materials North America is to receive approximately US$8.9m in funding from the US Department of Energy’s (DOE) Carbon Storage Assurance Facility Enterprise (CarbonSAFE) initiative, to study the subsurface geology for suitability for the storage of CO 2 at its new state-of-the-art cement plant in Mitchell, Indiana. Heidelberg Materials is contributing about US$1.5m in funding while the prime contractor, Illinois State Geological Survey at the University of Illinois (ISGS) wi... |