Cement News tagged under: Weekly Newsletter
Argentine market expands 15% in June06 July 2022, Published under Cement NewsArgentina’s cement demand increased by 14.8 per cent YoY and one per cent MoM to 1,109,755t, according to the country’s cement association, AFCP. With no cement imports into Argentina, domestic producers supplied this entire demand, as well as 5659t of exports, which were down by 38.5 per cent YoY. January-June 2022 In the January-June 2022 period cement consumption in Argentina increased by 11.5 per cent to 6,094,079t from 5,465,125t in the 1H21. Domestic cement production was up 11... |
US$3.2m grant to support algae-grown cement06 July 2022, Published under Cement NewsA team of researchers led by the University of Colorado Boulder, USA, has received a US$3.2m grant from the US Department of Energy to support the development of algae-grown cement. The university’s Will Srubar, associate professor in civil, environmental and architectural engineering, developed a way to harvest cement material from calcifying algae that consume water-dissolved CO 2 to produce limestone by photosynthesis. Algae-grown cement is carbon neutral because the same amount of C... |
Colombian cement market expands 35% in May05 July 2022, Published under Cement NewsGrey cement dispatches in Colombia advance by 35.2 per cent to 1.104Mt in May 2022 from 0.816Mt in May 2021, according to the country’s statistics office, DANE. When compared with May 2019 the cement market expanded by 4.6 per cent from 1.055Mt. Bulk sales were up by 41.6 per cent and bagged sales advanced by 32.3 per cent. Market growth was driven by ready-mix concrete companies, which increased their purchases by 51.2 per cent YoY. The retail sector and construction companies/contractors... |
CalPortland acquires Redding cement plant05 July 2022, Published under Cement NewsCalPortland has purchased the Redding cement plant and other assets from Martin Marietta Materials Inc. In addition to the Redding cement plant in northern California, the assets include related cement distribution terminals and 14 ready-mixed concrete plants located in California. “We are pleased to welcome the new employees and related facilities to the CalPortland family,” said Allen Hamblen, president/CEO, CalPortland Co. “These assets will serve an important role in continuing CalPor... |
UltraTech Cement stalls on plant purchase04 July 2022, Published under Cement NewsUltraTech Cement has reportedly done a U-turn on its agreement to purchase a cement plant from Jaiprakash Associates. The 3Mta plant formed part of UltraTech's acquisition of six integrated cement plants and five grinding units from the Jaypee Group , at a total cost of INR161,890m (US$2.4bn). A number of environnmental clearances were pending related to the plant, according to The Economic Times. Both companies agreed that the final date for payment for the plant would be 30 June 2022... |
CIMERWA posts 6M revenues of RWF44bn01 July 2022, Published under Cement NewsCIMERWA Plc ( PPC Group ) has announced a RWF5.2bn (US$5m) net profit in the six months for the period ended 31 March 2022 with total revenue of RWF44bn, indicating a 45 per cent increase compared to the same period last year. Albert Sigei, the CEO of CIMERWA Plc, said: “It has been a great six months and the main factors that helped us include improvement in plant operating efficiency and also some projects that allowed us to open up additional air capacity organically within the... |
UltraTech Cement pays for Russian coal shipment in yuan30 June 2022, Published under Cement NewsUltraTech Cement has reportedly paid for a shipment of Russian coal in Chinese yuan, raising questions over whether this will now become the norm. The cement producer is importing 157,000t of coal from Russian company SUEK at a value of CNY172.65m (US$25.8m). The coal was loaded onto the bulk carrier MV Mangas in the Russian port of Vanino and is currently at anchor near the port of Kandla, reports The Hindu. The news is being described by one Singapore-based trader as "significant" as it... |
La Malle plant to use biomass to reduce sulphur emissions30 June 2022, Published under Cement NewsAfter investing EUR10m over the past two years to improve its environmental performance, Lafarge France ’s La Malle plant, located in Bouc Bel Air, is continuing its emissions reduction strategy by investing nearly EUR1m additional in its equipment. The objective is to welcome a new sulphur-free fuel from the circular economy as well as wood fines, and to reduce sulphur emissions by 10 per cent through the use of alternative fuels. La Malle plant ( Holcim group ) agreed on 29 April to ... |
Nuvoco Vistas to open 1.2Mt grinding plant29 June 2022, Published under Cement NewsNuvoco Vistas Corp Ltd , India's fifth-largest cement group, is planning to set up a 1.2Mta grinding plant at its existing works in Bhiwani , Haryana, as part of its expansion in the North region of the country. According to the company, the new grinding facility will aid full utilisation of clinker production in the region. Its flagship brands - Concreto, Duraguard and Double Bull - offer a mix of products across all price points, with Double Bull the fastest growing cement brand in th... |
PPC reports 11% increase in revenue in FY2228 June 2022, Published under Cement NewsPPC has reported group revenue for the 12 months ended 31 March 2022 of ZAR9882m (US$621.9m), an increase of 11 per cent YoY. Excluding Zimbabwe, group revenue was up five per cent, while revenue in PPC Zimbabwe alone advanced by 34 per cent on the back of a 28 per cent upturn in volumes. Profit before tax from continuing operations came in at ZAR186m, compared to ZAR1765m in the year-ago period, due in part to PPC Zimbabwe incurring a loss before tax of ZAR67m, and impairments of ZAR38m. ... |