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HeidelbergCement India's second-quarter sales drop 18 October 2022
India: HeidelbergCement India recorded consolidated sales of US$61.5m during the second quarter of its 2023 financial year, down by 11% year-on-year from US$69.2m in the second quarter of the 2022 financial year. The Heidelberg Materials subsidiary's net profit in the quarter fell by 88% over the year, to US$852,000 from US$7.24m in the 2022 financial year's second quarter. The second quarter of the 2023 financial year brought a 0.3% year-on-year drop in the producer's operating expenses, to US$55.7m from US$55.9m.
Spain: Cementos Portland Valderrivas plans to make Euro6m-worth of investments in its Alcalá de Guadaira cement plant in Seville. The funds will go towards the construction of a refuse-derived fuel (RDF) line to help reduce the plant's petcoke consumption, as well as the renewal of the plant's mining licence for its quarry.
Udaipur Cement Works announces bonds sale to raise US$42.6m 18 October 2022
India: Udaipur Cement Works plans to raise US$42.6m through the sale of bonds, Reuters News has reported. The producer says that the bonds will mature in March 2025.
Lucky Cement buys back more shares 18 October 2022
Pakistan: Lucky Cement bought back more of its own shares on 17 October 2022. The total value of the purchase was US$408,000.
Lucky Cement previously bought back US$212,000-worth of shares earlier in October 2022, under the same resolution of it board from 20 September 2022.
Ciments Calcia commences Euro285m Airvault cement plant upgrade 17 October 2022
France: Heidelberg Materials' subsidiary Ciments Calcia has laid the foundation stone for its construction of a Euro285m CO2 emissions-reducing upgrade to its Airvault cement plant in Nouvelle-Aquitaine. Ciments Calcia first published its plans for the installation of a new 4000t/day production line to replace both existing lines at the Airvault plant in 2021, with commissioning scheduled for mid-2024.
Germany-based ThyssenKrupp secured the order to supply a 1200t/hr double-shaft hammer crusher, a longitudinal blending bed, a 370t/hr Quadropol QMR² 45/23 vertical roller mill, a 10,000t raw materials tangential blending silo, a single-string, five-stage Dopol cyclone preheater with integral calciner for alternative fuels (with the possibility of conversion to oxyfuel), a Polytrack clinker cooler, a solid recovered fuel preparation line and dedusting systems for the project.