Displaying items by tag: Government
US: The US Department of Energy has granted Solidia Technologies US$2.1m in funding for the development and testing of carbonation methods for its Solidia Cement. Solidia will research synthetic supplementary cementitious materials (SCMs) production methods using direct CO2 capture and utilisation.
CEO Russell Hill said “We are proud to partner with the US Department of Energy to continue innovating and ultimately deliver on our mission to provide commercially viable decarbonisation technologies and sustainable solutions for the global construction and building materials industries. The funding will advance our carbon capture, utilisation and storage (CCUS) technologies and synthetic SCMs that can be easily integrated into Portland cement-based concrete formulations, offering manufacturers a solution that is sustainable environmentally and economically.”
India: The Indian government has established a special panel to examine an array of possible measures to lower high cement prices in parts of the country. The Hindu newspaper has reported that the panel will consider plans, including increasing cement shipping from South Indian plants currently operating under capacity to areas affected by shortages. The national government is in talks with the South India Cement Manufacturers' Association (SICMA) about the possibility of increasing members' cement sales in future.
MF Farooqui appointed as chair of Ramco Cements
25 May 2022India: Ramco Cements has appointed MF Farooqui as its chair. Previously PR Venketrama Raj had served as both the company’s managing director and chair. However, the company has decided to split the positions. Venketrama Raj will continue as managing director until mid-2027.
Farooqui, aged 67 years, has worked for over 35 years as a civil servant in the Indian government with roles including Secretary for the Department of Telecom and Heavy Industries, Special Secretary & Additional Secretary for the Ministry of Environment and Joint Secretary for the Department of Economic Affairs.
For the government of Tamil Nadu, he has worked as Principal Secretary for the Industries Department, Member Secretary for the Chennai Metropolitan Development Authority and Deputy Secretary in the Finance Department. He had also served as chair of Repco Bank, Titan Company and Tamilnadu Newsprint & Papers Limited. He holds a master’s degree in physics and business administration. He has been on the board of the Ramco Cements as an independent director since 2017.
India: Cement producers and analysts say that a government cut to fuel duty may reduce the price of cement. The reduction may be minimal but it will stand out amongst inflation on other input costs for cement production, according to sources quoted by the Business Standard newspaper. Shree Cement hopes to pass on any reduction in costs from transportation to consumers but UltraTech Cement and JSW Cement are yet to announce a price cut. Most cement producers raised their prices by 8% month-on-month in April 2022 with a similar increase expected in May 2022.
Russia: SibCem’s first vice president Gennady Rasskazov says that the local production cost of cement is expected to rise by 30% year-on-year in 2022 due to the new ‘economic circumstances’ the country faces. He added that, due to economic sanctions, the price of coal rose by 76 - 86%, goods and materials by 55%, diesel by 30%, oils and lubricants by 83% and transport and logistics costs by 14 - 24% in the first quarter of 2022. The average growth in worker pay at SibCem will rise by 30% in 2022 as the company has implemented indexed salaries. Rasskazov made the comments at a meeting with cement producers, consumers and local officials at the Novosibirsk State University of Architecture and Civil Engineering.
Uzbekistan: United Cement Group (UCG) has successfully completed the modernisation of the grinding units at its Kuvasay cement plant in Fergana. The work consisted of installation of protective armour on the inner surface of mill drums and mill ends and the replacement of bar partitions between chambers with sectional partitions. This increased the total mass of the cylpebs to 43t from 39t and improved the mills’ efficiency. UCG also upgraded the units’ dust removal equipment, replacing their original electrostatic precipitators with RIF–0500–03 K and FRKI 360 bag filters. The group carried out the modernisation in collaboration with the Uzsanoatkurilishmateriallari Association and the Fergana Regional Committee for Environmental Safety.
Cameroon: The Cameroon Minister of Trade Luc-Magloire Mbarga has authorised cement producers and importers to begin importing more cement from Congo and the Democratic Republic of Congo (DRC) in order to combat a local shortage. The Business in Cameroon newspaper has reported that Mbarga said that authorisation will operate temporarily, until high cement prices drop.
In 2021, Cameroon produced 4.5Mt of cement. Its domestic consumption was 4Mt, up by 14% year-on-year from 3.5Mt in 2021.
US: Holcim US’ Lafarge Ravena cement plant in New York State has launched a celebration of six decades’ successes on the occasion of the 60th anniversary of the plant’s groundbreaking ceremony. 1000 people attended the ceremony on 19 May 1961, where New York Governor Nelson Rockefeller broke ground on the then Atlantic Cement Company’s new US$64m facility.
Addressing the crowd, Rockefeller said “The enormous production capacity of this plant will undoubtedly draw many large and small companies to the environs, and, as a result, employment will rise considerably.”
Today, the Lafarge Ravena cement plant directly employs 160 local people.
US: Eagle Materials has recorded consolidated sales in its 2022 financial year of US$1.9bn, up by 15% year-on-year. The group’s adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) was US$657m, up by 15%. Full-year cement sales totalled US$1bn, up by 7%, with operating earnings of US$260m, up by 11%. The group’s cement volumes rose by 1% to 7.5Mt.
President and CEO Michael Haack said "As we look back on another extraordinary year, I am extremely proud of our team's ability to deliver record operating and financial results despite multiple external challenges, including transportation disruptions, supply chain constraints and, of course, continuing to navigate the Covid-19 pandemic.” He added "As we begin our new fiscal year, Eagle is well-positioned, both financially and geographically, to capitalise on the underlying demand fundamentals that are expected to support steady and sustainable construction activity growth over the near and long term. We expect that infrastructure investment should increase in the latter part of our fiscal year, as federal funding from the recently enacted Infrastructure Investment and Jobs Act begins in earnest. And, despite recent interest rate increases, housing demand remains strong across our geographies, outpacing the supply of homes. Nonresidential construction activity is also picking up."
HeidelbergCement joins First Movers Coalition
19 May 2022Germany: The World Economic Forum and US State Department have welcomed HeidelbergCement as the newest member of the First Movers Coalition. Founded in 2021, the coalition brings together companies across multiple industrial sectors to coordinate the creation of demand for emerging reduced-CO2 production technologies. As part of its membership, HeidelbergCement commits to purchasing zero-emission vehicles for 30% of new heavy-duty truck purchases and 100% of medium-duty truck purchases by 2030.
US Special Presidential Envoy for Climate John Kerry said “I welcome HeidelbergCement to the First Movers Coalition, and its commitment to purchasing zero-emissions trucking solutions that the world must focus on scaling up over this critical decade. The First Movers Coalition is a critical pillar of the world's efforts to advance breakthrough zero emissions technologies to decarbonise many of the largest sectors of the global economy and to put us on a track to achieve net zero emissions by 2050.”