Cement News tagged under: Weekly Newsletter
Adani Group to set up new cement grinding unit29 August 2024, Published under Cement NewsAdani Group has announced plans to set up a 2Mta cement grinding unit in Guna, Madhya Pradesh, India. At the same time, the group is going to develop a state-of-the-art propellant production facility at Shivpuri, announced Karan Adani, CEO of Adani Ports and SEZ Ltd. The two projects for the construction of cement grinding and propellant production units, would result in an investment of INR35bn (US$417.2m), and create over 3500 direct and indirect jobs. These announcements were made in... |
Cahya Mata Sarawak Bhd sees 27% growth in 2Q net profit29 August 2024, Published under Cement NewsCahya Mata Sarawak Bhd , a Malaysia-based cement manufacturer has released its 2Q24 earnings, for the period ended 30 June 2024. The group’s revenue fell four per cent YoY to MYR277.99m (US$64.3m), primarily due to lower sales from from its cement and property development divisions of MYR15.51m. The group’s net profit rose 27 per cent YoY, from MYR26.3m to MYR33.4m, with earnings per share of MYR0.003. The growth in net profit was supported by improved gross profit from the company... |
UltraTech secures US$500m sustainably-linked financing for FY27 expansion goal27 August 2024, Published under Cement NewsUltraTech Cement , India's leading cement manufacturer, has unveiled an ambitious plan to expand its production capacity to over 200Mta by FY27. This strategic move is part of UltraTech's broader objective to maintain its leadership in the cement industry by meeting rising demand both domestically and internationally. Currently, the company operates at just over 130Mta but plans to significantly boost its production through the establishment of new greenfield facilities an... |
Cimpor starts Kribi calcined clay plant27 August 2024, Published under Cement NewsCimpor has launched its new plant in Kribi , Cameroon. Equipped with a production line for calcined clay based on the entrained flow process (flash activation), developed and built by thyssenkrupp Polysius, the plant produced its first activated clay in October last year. With the Polysius ® activated clay technology, CO 2 emissions can be reduced by up to 70 per cent compared to conventional cement clinker production. Leo Fit, Product Manager for Polysius ® activated clay, emphasi... |
Asia Cement (China) sees 1H revenue down 35%21 August 2024, Published under Cement NewsIn its unaudited results for the first half of 2024, Asia Cement (China) Holdings Corp reported a revenue of CNY2689.4m (US$377.1m), down 34.5 per cent from CNY4105.1m in the 1H23. Gross profit fell 79.4 per cent to CNY133m in the 1H24 from CNY646m in the 1H23. The company’s gross profit margin declined from 16 per cent to five per cent over the same period. The company posted a loss before tax of CNY223.6m in the 1H24, down from a profit before tax of CNY395m in the 1H23. Net loss for... |
Semen Indonesia International clinker exports to Taiwan up 80%21 August 2024, Published under Cement NewsPT Semen Indonesia International (SII) reported a significant increase in clinker exports to Taiwan in the first half of 2024. Clinker exports to Taiwan reached 0.564Mt, up 80 per cent YoY from 0.314Mt in the 1H23. The increase reflects the growing demand from Taiwan’s construction industry, which is increasingly reliant on Indonesian clinker. SII's President Director, Ridwansyah, stated that the rise in export volume to Taiwan is the result of hard work and collaboration among SIG, PT ... |
Attock Cement sells additional stake in Iraq cement firm for US$5.85m21 August 2024, Published under Cement NewsAttock Cement Pakistan Ltd, a Pakistan-based cement producer which manufactures ordinary Portland cement, sulphate-resistant cement, Falcon rock cement and Falcon block cement, has announced its sale of an additional stake in Saqr Al Keetan of Cement Production Co Ltd (SAKCPCL). SAKCPCL operates a 0.54Mta grinding facility in the Basra region of Iraq. Attock’s stake (4,500,000 shares) in the Iraq-based company will be sold to an undisclosed acquirer for US$5.85m. Attock, a subsidiary... |
Kyrgyzstan sees acute cement shortage19 August 2024, Published under Cement NewsThe expansion of the construction market on an unprecedented scale has led to a critical cement shortage in Kyrgyzstan, according to Syrian Omorov, head of the regulated sectors department of the Antimonopoly Regulation Service. He said that output at the Kant Cement Plant , part of United Cement Group , already exceeded 1Mt, whereas in the past it barely reached 0.6Mta. "We are working at the limit of our capabilities," representatives of the plant noted. "Currently, the plant can pro... |
Sri Lanka's Tokyo Cement Group to raise its capacity to 4Mta19 August 2024, Published under Cement NewsSri Lanka-based Tokyo Cement ’s management hopes to complete the ongoing factory expansion project later this year, increasing overall cement production capacity from 3.1Mta to 4Mta. The new capacity will come online in the second half of this year. The project is expected to place Tokyo Cement in an advantageous position to capitalise on the industry revival as the economy rebounds. The company aims to solidify its market leadership as the nation’s largest cement manufacturer in Sri La... |
FLSmidth & Co Group reports declining revenue in its 2Q24 interim report15 August 2024, Published under Cement NewsIn the 2Q24 FLSmidth's group revenue decreased by 23 per cent (-20 per cent if excluding currency effects and effects from divestments). Gross profit increased by five per cent to DKK1579m (US$233m), compared to DKK1497m in the 2Q23, corresponding to a gross margin of 31.8 per cent. The gross margin reflects good execution of higher-margin orders as a result of FLSmidth's de-risking strategy, partly offset by the lower revenue, says teh company. Excluding transformation and separation cost... |