Cement News tagged under: Weekly Newsletter
Steppe Cement records 11% revenue growth in 202212 January 2023, Published under Cement NewsSteppe Cement Ltd recorded 11 per cent revenue growth in 2022 to KZT40m (US$86,560) from KZT36m a year earlier, citing positive market conditions as it focussed on the Kazakh domestic market. The average price for delivered cement in 2022, excluding value added tax, was KZT23,963/t, up 12 per cent from KZT21,332 a year earlier. Steppe Cement reported positive market conditions in the Kazakh domestic market where cement market consumption remained at around 11.6Mt last year. Steppe Ce... |
Adani Group investment to soar12 January 2023, Published under Cement NewsThe Adani Group will invest over INR600,000m (US$7.4m) in a number of sectors in Madhya Predesh that would create thousands of jobs. This would reshape the economy of several districts in the state, said Pranav Adani, director at Adani Enterprises, at the seventh Madhya Predesh Global Investors Summit. Currently, the group has investments of close to INR275,000m in sectors such as power generation and transmission, gas distribution, cement manufacturing and agro processing, among other... |
MPA calls for electrification push by UK government12 January 2023, Published under Cement NewsThe Mineral Products Association (MPA) has welcomed the UK government’s announcement of the new Energy Bill Discount Scheme (EBDS), extending the Energy Bill Relief Scheme. The broad support available through the EBDS encompasses most of the products manufactured by MPA members, including aggregates, asphalt, cement, concrete and industrial minerals. However, the MPA says the proposed support may not be sufficient to maintain the competitiveness of UK manufacturing should prices return to th... |
Antoing plant set to capture 97% of its emissions11 January 2023, Published under Cement NewsHeidelberg Materials says that it will build a new hybrid carbon capture (CCUS) unit at its subsidiary SA Cimenteries CBR 's cement plant in Antoing , Belgium, that will almost completely neutralise the plant's carbon-dioxide emissions. The German building-materials company said the new unit will capture around 800,000tpa of CO 2 from the plant, equating to a reduction of more than 97 per cent, but does not disclose when the CCUS plant is expected to be operational. The innovative s... |
VICEM records 30% drop in profit in 202209 January 2023, Published under Cement NewsVietnam’s VICEM has reported profits of VND1.53trn (US$63.9m) in 2022, down 30 per cent YoY. Revenue, meanwhile, advanced 17 per cent to VND39.45trn over the same period, reports VN Express. Last year saw total sales of 27.5Mt, marking a 6.7 per cent decline YoY, driven by a fall in exports. Costs in 2022 increased by VND4trn on the back of rising raw material prices. Although VICEM did increase cement prices, that was insufficient to prevent the sharp fall in profits. It has set a reve... |
South Korean producers set to hike cement prices06 January 2023, Published under Cement NewsSouth Korea’s major cement producers are implementing another hike in wholesale prices amid strengthening in the key ingredient bituminous coal and construction activity, adding woes to concrete mixers and builders. According to multiple sources from the cement industry, the country’s top cement producer Ssangyong C&E has decided to raise the price of its top-grade bulk cement to KRW93,000/t (US$77.6/t) from next month. It would be an increase of 18 per cent from current KRW78,800/t.... |
INSEE Cement appoints new CEO06 January 2023, Published under Cement NewsSri Lanka’s INSEE Cement has appointed Jan Kunigk as its new chief executive officer, effective from 1 January 2023. Mr Kunigk replaces Nandana Ekanayake, who is retiring from the role of CEO but will continue as chairman of the company. Mr Kunigk has previously held the positions of executive vice president at INSEE, as well as commercial director, responsible for marketing, sales, products and solutions, innovation and external affairs. Prior to joining INSEE Cement, he worked at Hol... |
Cambodia's cement producers output 7.7Mt in 11M2204 January 2023, Published under Cement NewsCambodia's five cement factories produced 7.7Mt of cement in the January-November period of last year, according to a report from the Cambodian Cement Manufacturing Association (CCMA). Kampot Cement Co Ltd (SCG) was the largest producer at 2.2Mt, followed by Chip Mong Insee Cement Corp (CMIC) with 1.9Mt. Battambang Conch Cement Co Ltd (Conch) produced 1.6Mt, Cambodia Cement Chakrey Ting Factory Co Ltd (Huaxin) 1.1Mt and Thai Boon Roong Cement Co Ltd 0.88Mt, the report indicated.... |
Kenyan cement consumption falls 15% YoY04 January 2023, Published under Cement NewsCement consumption in Kenya declined from 2.596Mt in the third quarter of 2021 to 2.217Mt in the same period this year, marking a contraction of 14.6 per cent YoY. Cement production over the same period fell from 2.64Mt in the 3Q21 to 2.302Mt. The drop mirrors the downward trend seen in the country’s construction sector, which reported growth of 4.3 per cent in the 9M22, compared to an advance of 6.7 per cent in the same period a year earlier, according to Business Daily. The data, pro... |
ACC launches ACC ECOMaxX04 January 2023, Published under Cement NewsACC Ltd , the cement and building material company of Adani Cement and part of the Adani Group, is set to bring a new dimension to the building materials industry with the launch of ACC ECOMaxX, an expert range of green concrete solutions. ACC ECOMaxX is the industry’s broadest range of green concrete solutions, with 30-100 per cent lower embodied carbon content compared to a reference concrete designed with ordinary Portland cement (OPC). The products are developed using a Unique Gre... |