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DG Khan records profit after tax in 2021 financial year 15 September 2021
Pakistan: DG Khan’s full-year profit after tax was US$22.1m in the 2021 financial year, which ended on 30 June 2021. The Dawn newspaper has reported that the company recorded a loss of US$29.2m in the 2020 financial year.
LafargeHolcim US to convert Midlothian plant to Portland Limestone Cement production 15 September 2021
US: LafargeHolcim US says that the integrated 2Mt/yr Midlothian plant in Texas will become the first cement plant in the country to fully convert to Portland Limestone Cement (PLC) production. The unit will switch to producing the company’s OneCem product, a blended cement manufactured with up to 15% of finely ground limestone. The move is intended to help LafargeHolcim US and its customers meet sustainable construction goals and lower carbon emissions.
“This is an important, but not unique, step for us. We were the first to produce OneCem, a PLC product, in one of the fastest-growing metro areas in the country, and fuel our industry’s step towards a zero carbon future,” said Patrick Cleary, senior vice president of sales, LafargeHolcim US Cement.
The company is promoting OneCem as an alternative to Ordinary Portland Cement in terms of concrete workability, set time, durability and strength development. It can be incorporated into a broad spectrum of applications that will support foundational structures. The product is available in the Western and Southern regions of the US and the company plans to ‘rapidly’ expand production.
Carbon Direct buys 7% stake in Calix for US$17.7m 15 September 2021
Australia: US-based Carbon Direct has bought a 7% stake in Calix. Reuters News has reported the value of the stake as US$17.7m. Reuters News has reported that Calix plans to use the proceeds to scale up its carbon capture and storage (CCS) technology, as demonstrated at the LEILAC and LEILAC 2 installations at Lixhe, Belgium, and Hanover, Germany.
Calix chief executive officer Phil Hodgson said "As the world puts emissions trading schemes in place, CCS does start to look like a multibillion dollar addressable market.”
Betolar launches Geoprime alkali-activated slag and fly ash additive 15 September 2021
Finland: Betolar has launched Geoprime, an alkali-activated additive for slag and fly ash used in concrete production. The company says that the product will enable concrete production from raw materials with 80% lower CO2 than ordinary Portland cement (OPC).It aims to meet the growing demand for sustainable and cost-effective construction materials. Geoprime enjoys fast global scaling potential thanks to Betolar’s intellectual property licensing business model, which enables the use of existing production facilities, according to the company.
Chief executive officer Matti Löppönen said “We have seen a massive shift in the concrete manufacturing and construction industries driven by investor pressure for environmental, social and governance data transparency and Net Zero commitments, and now people are keen to hear what we have to offer.”
Ukraine introduces anti-dumping duties on cement from Turkey 15 September 2021
Ukraine: The Interdepartmental Commission on International Trade (ICIT) has introduced anti-dumping duties of 33 - 51% on cement imports from Turkey for five years. The rates are variable depending on the specific manufacturer and exporter, according to the Ukrainian News Agency. This follows an investigation that was launched in September 2020 following complaints by local producers including Buzzi-Unicem subsidiary Dyckerhoff, HeidelbergCement subsidiary Kryvyi Rih Cement and CRH subsidiary Podilsky Cement. ICIT concluded that there was the threat of causing ‘significant’ harm to local cement producers due to growing exports from Turkey, large amounts of idle production capacity in Turkey, lowered domestic consumption in Turkey and a pivot of Turkish manufacturers towards export markets.