Cement News tagged under: Weekly Newsletter
Rezzato Mazzano CCS feasibility study launched30 September 2024, Published under Cement NewsHeidelberg Materials’ Rezzato Mazzano cement plant in the province of Brescia, Italy, is expected to be the first plant in the country to produce carbon captured net-zero cement and concrete. The plant has begun a feasibility study for a decarbonisation project. It is hoped that the Rezzato Mazzano carbon capture project will be part of a larger decarbonisation programme involving carbon capture and storage at Ravenna . Phase 1 of the Ravenna CCS project is being carried out by a join... |
Ethiopia's PM inaugurates Lemi National Cement Plant30 September 2024, Published under Cement NewsEthiopia's Prime Minister, Abiy Ahmed, inaugurated the Lemi National Cement Plant in the Lemi Building Materials Park, about 150km north of the country’s capital Addis Ababa. The new plant has a capacity of 15,000tpd (4.95Mta). During the inauguration of the mega plant, Abiy said the project was "a true model of fast and efficient delivery of critical infrastructure." He congratulated all those involved in the realisation of this important project, which will produce "50 perc ent of all ... |
GICA to raise exports to 10Mta30 September 2024, Published under Cement NewsAlgeria's Groupe Industriel des Ciments d'Algérie ( GICA ) is setting ambitious targets to elevate its export capacity to 10Mt in the coming years, according to Dzair Tube. This initiative aligns with Algeria’s national strategy to diversify revenue sources beyond the hydrocarbon sector, reflecting the country’s broader economic vision for sustainable growth. The Ain Touta cement complex , a subsidiary of GICA, has marked a significant milestone in technological advancement, as highlight... |
Cement Hranice records 29% rise in 2023 profit25 September 2024, Published under Cement NewsCzech cement producer Cement Hranice , owned by Germany’s Dyckerhoff AG , recorded a 29 per cent increase in net profit in 2023, reaching a record CZK916.2m (US$40.8m), compared to CZK710.5m in 2022. Revenues from sales grew by 5.5 per cent YoY, advancing from CZK2.227bn in 2022 to CZK2.349bn in 2023, according to the company’s annual report. Despite a reduction in cement sales volume last year, revenue growth was driven by higher product prices, according to the company's Board Chairma... |
Les Ciments de Bizerte posts 59% drop in 1H revenue24 September 2024, Published under Cement NewsLes Ciments de Bizerte announced disappointing results in 1H24. Revenues at the Tunisian cement producer declined by 59.3 per cent YoY to TND19.58m (US$6.45m) in the 1H24 from TND48.2m in the 1H23. The company’s loss increased by 55.2 per cent YoY to TND-26.8m from TND-17.27m over the same period. In addition, Les Ciments de Bizerte saw its cost of sales fall by 54.6 per cent to reach TND21.43m while financial expenses declined by 22.5 per cent to reach TND5.93m in the 1H24. "Given the s... |
CRH announces new CEO24 September 2024, Published under Cement NewsCRH has announced the appointment of Jim Mintern as the next chief executive officer, succeeding Albert Manifold who will retire at the end of the year. Mr Mintern is currently CRH’s chief financial officer, having been a director of the company’s board since June 2021. He has over 30 years of experience in the building materials industry and has been at CRH for 22 years. The company states that Mr Mintern has deep industry knowledge, has led a variety of operational businesses and is... |
Vietnam's cement market expands 10% in August23 September 2024, Published under Cement NewsCement sales in Vietnam increased 10 per cent YoY to 4,922,817t in August when compared with August 2024 and remained stable when compared with July 2024, when sales reached 4,911,7272t. Of this total VICEM reported a nine per cent YoY uptick in sales to 1,497,024t while other VNCA members saw a four per cent increase to 1,035,793t. Sales of non-VNCA members were up by 14 per cent to 2,390,000t. However, export sales in August 2024 declined by 13 per cent YoY to 2,345,152t. Clinker expor... |
Ignites to supply green electricity to Akmenes Cementas23 September 2024, Published under Cement NewsSmart energy solutions company Ignites will supply electricity generated by its wind farm in Mažeikiai to Akmenes Cementas , Lithuania. Ignites and Akmenes Cementas, which is owned by German building materials producer, Schwenk Cement Beteiligungen, signed a four-year power purchase agreement (PPA) for Ignites to start supplying electricity in 2026. This is the largest PPA Ignites has ever signed in Lithuania. Haroldas Nauseda, head of B2B customers and expansion at Ignitis, said,... |
Ramco Cements invests US$7m in 1Mta capacity upgrade23 September 2024, Published under Cement NewsThe Ramco Cements Ltd announced it has increased its cement capacity by nearly 1Mta following the debottlenecking of cement capacity at its Kalavatala plant in Andhra Pradesh, India. The project has increased capacity at the cement works to 2Mta from 1.5Mta. In addition, the company’s Valapaadi grinding unit in Salem District, Tamil Nadu, also improved its efficiency, resulting in an increase in capacity from 1.6Mta to 2Mta, according to the Economic Times. "The company's total ceme... |
CSN looks to buy InterCement's Loma Negra19 September 2024, Published under Cement NewsInterCement Participações , the indirect controlling shareholder of the cement producer Loma Negra in Argentina, agreed to a new exclusivity period in favour of Companhia Siderúrgica Nacional (CSN) to continue negotiating the acquisition of 100 per cent of its shareholding. The company previously had another exclusivity period, expired as of 12 August, after two extensions. There was no renewal and negotiations were left open to the possibility of an interested third party. However,... |