Cement News tagged under: Weekly Newsletter
UK cement and lime producers excluded from compensation scheme06 May 2022, Published under Cement NewsThe Mineral Products Association (MPA) has expressed disappointment that UK cement and lime producers have been excluded from the government’s compensation scheme for climate change costs. Under the scheme, some energy-intensive industries can apply for compensation from the indirect costs of the UK Emissions Trading Scheme (UK ETS) and Carbon Price Support (CPS) if they meet the criteria. According to the MPA, by excluding cement and lime, “the government has missed an opportunity to suppor... |
Caribbean Cement posts flat 1Q profit06 May 2022, Published under Cement NewsCaribbean Cement Co Ltd in Jamaica has reported a flat profit for its 1Q22 but views the future with optimism. In the January-March 2022 quarter, Caribbean Cement saw a profit of JMD1.59bn (US$10.3m) on a revenue of JMD6.8bn, compared to a profit of JMD1.53bn on JMD5.97bn a year earlier. "CCC remains encouraged about the future, especially given the recent actions by the Government of Jamaica to remove curfews and fully reopen the economy. The company is also heartened by the strong ceme... |
Martin Marietta sees record revenue in 1Q2204 May 2022, Published under Cement NewsMartin Marietta’s building materials business has reported record 1Q22 products and services revenues of US$1077m, up 25.7 per cent YoY. According to the company, across all end-use markets, the business saw healthy underlying demand with price increases in all product lines. Texas cement shipments advanced by 10 per cent YoY during the quarter, supported by robust product demand and tight supply throughout the Texas Triangle. Pricing increased by 11.8 per cent, benefiting from the carr... |
Adbri announces new net zero targets03 May 2022, Published under Cement NewsAdbri Ltd has released its Net Zero Emissions Roadmap for 2050, outlining three new medium-term 2030 emissions reduction targets for cement, lime and electricity. The roadmap builds upon the company’s 32 per cent reduction in operational greenhouse gas emissions since 2010. The first new target focuses on cement. Adbri’s cement emissions intensity in FY20 was 557kg CO2/t cement. The new medium-term target aims to reduce this to 446kg CO2/t cement, representing a potential 47 per cent... |
PPC Cement Zimbabwe announces solar investment03 May 2022, Published under Cement NewsPPC Cement Zimbabwe has announced a US$40m solar power investment for its Bulawayo and Colleen Bawn plants to support the company’s energy requirements and help reduce gas supply in the country. The planned projects are expected to have a combined output of 30MW, ow which 17MW will be for internal consumption and the excess to be fed to the national grid, according to a report in the Chronicle. The Bulawayo facility will set up a 10MW plant (set to over over 22ha of land), with 5MW plan... |
CalPortland converts Mojave plant to PLC production03 May 2022, Published under Cement NewsCalPortland has announced the conversion of its Mojave cement plant, USA, to ADVANCEMENT™ HS, a blended portland limestone cement. The plant, located in southern California produces approximately 1.3Mta of cement. By switching production from ordinary Portland cement to Portland limestone cement, the plant will reduce its carbon emissions by 10 per cent on a per ton basis. “CalPortland continues its commitment to producing sustainable, resilient materials,” said CalPortland President/CE... |
Energy complex awaits impact of sanctions on Russia29 April 2022, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Since ICR’s most recent energy report , the energy complex remains in range, awaiting the impact of sanctions on Russia. Oil is down on the release of 240mbl from the Strategic Petroleum (SPR) in the US and EIA countries, ranging between US$95-115. EU sanctions on Russian coal from August 2022 are driving coal higher. High-sulphur (6.5%, 40HGI) FOB petcoke price, historical view 2006-22: expected range US$165-200. Resistance at US$... |
Cementos Molins records a net profit of EUR22m in 1Q2228 April 2022, Published under Cement NewsCementos Molins released its results for the 1Q22, a period highlighted by strong energy, logistic, and raw material cost inflation that started by mid-2021. In the first three months of the year, Cementos Molins' r evenues achieved EUR274m, 23 per cent higher than the same period of the previous year. This significant increase is driven mainly by last year’s acquisitions and the higher activity in South America. On a LfL basis of currencies and consolidation scope revenues increased by ... |
GCC sees 16% rise in 1Q net sales27 April 2022, Published under Cement NewsGCC reported an 15.7 per cent advance in consolidated net sales to US$206.9m in the first quarter of 2022 when compared with the equivalent period of 2021. Operating income in the 1Q22 was 23.1 per cent higher at US$31.4m when compared with the 1Q21. In the 1Q22 EBITDA increased 10.2 per cent YoY to US$54.5m (1Q21: US$49.5m) with a margin of 26.4 per cent, down from 27.7 per cent in the 1Q21. However, net income dropped 14.3 per cent YoY to US$13.1m from US$15.3m in the 1Q21. As of 31... |
FLSmidth forms ECOClay partnership to fully electrify clay calcination27 April 2022, Published under Cement NewsTo further decarbonise the cement industry, FLSmidth and a series of leading industry experts have formed a new partnership called ECoClay TM . To reduce CO 2 emissions from cement production by up to 50 per cent, the ECoClay partners will develop and commercialise the technology needed to replace fossil fuels in the calcination of clay by fully electrifying the process. Current clay calcination processes have gained momentum in recent years – especially with FLSmidth’s flash calciner sys... |