Cement News tagged under: Weekly Newsletter
Indonesian cement market stable in August18 September 2024, Published under Cement NewsCement sales in Indonesia amounted to 6.117Mt in August. This is an increase of 0.1 per cent YoY compared to the 6.111Mt reported a year earlier. Regional sales remain a mixed bag. The strongest growth was reported in Kalimantan where the development of Indonesia’s new capital, Nusantara, is ongoing. Sales there rose 7.5 per cent YoY in August to 542,788t, up from 505,065t a year earlier. Java, the country’s largest market accounting for 52 per cent of all sales, saw dispatches rise 1.7 p... |
JK Cement plans to invest INR30bn in capacity expansion18 September 2024, Published under Cement NewsIndia-based building materials manufacturer, JK Cement , has announced plans to invest INR30bn (US$358.4m) to increase its capacity by 25 per cent, from 24Mta to 30Mta by the end of FY25-26. Nearly INR8bn of the investment has already been made, with work on the brownfield expansion in Panna, Madhya Pradesh, and the greenfield grinding unit in Buxar, Bihar, underway. At Panna, the investment includes clinker capacity expansion, costing approximately INR24bn, while the greenfield unit ... |
Latin American and Caribbean cement sector targets net zero by 205017 September 2024, Published under Cement NewsThe Federacion Interamerica del Cemento (FICEM) has opened the doors to the annual 2024 Technical Congress, a three-day conference and exhibition, taking place in the historic city of Cartagena, Colombia. FICEM Executive Director, Maria José García, welcomed over 450 delegates to the 2024 FICEM Technical Congress Opening proceedings, FICEM Executive Director, Maria José García welcomed over 450 delegates to the meeting, which includes delegates from across Latin America and t... |
Sinoma Overseas to build Votorantim Z02 grinding plant17 September 2024, Published under Cement NewsSinoma Overseas has secured an engineering and supply contract for the Z02 cement grinding station project in Edealina Brazil, along with a technical cooperation framework agreement, with Votorantim Cimentos SA . The contract scope includes the design, equipment supply, and technical services for the 150tph cement grinding expansion project costing BRL200m (US$36.47m). The Z02 project will double cement capacity at the Edealina grinding plant to 2Mta and will be completed in the 2H25. ... |
New production line in Vietnam17 September 2024, Published under Cement NewsThanh Thang Cement Group has launched the fifth production line in Vietnam’s northern province, Ha Nam, with a capacity of 2.3Mta, with an output of 6000tpd. The new line features a dry-process design with advanced systems including a rotary kiln, a two-branch, five-stage cyclone heat exchange tower and operates on 100 per cent low volatile coal. The site also includes a 10MW heat recovery power generation system. The Vietnam Cement Association has reported a decline in cement consumption... |
Ciments du Maroc acquires Asment Témara16 September 2024, Published under Cement NewsCiments du Maroc announced the signing of a strategic agreement for the acquisition of Asment de Témara . The step will enable Ciments du Maroc, part of Heidelberg Materials , to consolidate its national coverage and its sales of sustainable materials and solutions. It will expand its operations in northern Morocco in particular. The acquisition will include 62.62 per cent of Asment de Témara’s capital as well as 99.99 per cent of the capital of Grabemaro, a producer of aggregates, cur... |
Ash Grove Cement acquires Geofortis LLC13 September 2024, Published under Cement NewsAsh Grove Cement (USA) has acquired Geofortis LLC, operator of a raw natural pozzolan milling and classifying line and nearby deposit in Toole, Utah. Since starting production in 2021, Geofortis has obtained approvals for its supplementary cementitious material from agencies in California, Colorado, Nevada and Utah. Ash Grove President, Serge Smith, said, “[This venture] aligns perfectly with our long-term growth strategy and commitment to sustainability. High-quality pozzolan products ... |
Indian cement producers prepare for major expansion12 September 2024, Published under Cement NewsIndian cement producers are set to invest approximately US$14.3bn over the next four years, aiming to increase capacity by around 25 per cent, or an estimated 160-170Mta of production capacity. The expansion will be driven primarily by the three leading cement producers in India: UltraTech , Ambuja , and Shree Cement . Collectively, these companies will account for 70 per cent of the country’s capacity increase. The producers’ capital expenditure costs for these expansions is expected to... |
Cemex sells operations in Guatemala11 September 2024, Published under Cement NewsCemex announced that it has sold its operations in Guatemala to Holcim Group , for a total consideration of approximately US$200m, with the transaction signed and closed 10 September 2024. The divested assets consist of one grinding mill, three ready-mix plants and five distribution centres. As of 31 December 2023, the grinding mill had an installed capacity of around 0.6Mta. Fernando A González, CEO of Cemex, said, “In 2024 we have accelerated the execution of our portfolio rebalan... |
China to include cement in national carbon trading10 September 2024, Published under Cement NewsChina has announced its draft plan to expand the country’s carbon trading market by including cement as well as electrolytic aluminium and steel, seeking public feedback. The draft plan is a significant step in expanding the world’s largest carbon trading market as it currently only covers coal-fired power generation. It would increase the market’s coverage to ~60 per cent of the country’s total carbon emissions. The results of a comprehensive evaluation of seven sectors to assess their r... |