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Schwenk Latvija plans Euro34m upgrade to Broceni cement plant 05 February 2021
Latvia: Schwenk Building Materials Group subsidiary Schwenk Latvija plans to invest Euro34m in installing a new 170t/day grinding mill and 12,500t silo at its Broceni cement plant. The Baltic Business Daily newspaper has reported that the company aims to reduce energy consumption with the new mill.
The group acquired Schwenk Latvija from Cemex in February 2019 as part of a Euro340m expansion into the Baltic and Nordic markets. The company’s 2019 profit was Euro36.4m.
Cemex to participate in LEILAC 2 decarbonisation project 05 February 2021
Germany: Mexico-based Cemex has announced its planned participation in Australia-based Calix and others’ LEILAC (Low Emissions Intensity Lime And Cement) 2 carbon capture and storage (CCS) project at HeidelbergCement’s Hanover cement plant in Lower Saxony. Cemex previously assisted the LEILAC partnership at its first installation at HeidelbergCement’s cement plant in Lixhe in Belgium. The company said that it will contribute to the technology's development utilising its gasification process expertise, leveraging its skills in alternative fuel (AF) consumption and computational fluid dynamic simulation design.
Global head of research and development Davide Zampini said, "Our participation in the LEILAC 2 project is another example of our continued efforts to deliver net-zero CO2 concrete products globally by 2050. We are determined to have a significant direct involvement in research and development efforts pursuing high impact technologies in carbon capture, use, and storage."
Hanson announced Ouse Fen nature reserve expansion 05 February 2021
UK: HeidelbergCement subsidiary Hanson has announced a planned 80ha expansion of its Ouse Fen nature reserve partnership project with the Royal Society for the Protection of Birds (RSPB) in Cambridgeshire. The company says the additional restored land from its Needingworth quarry will increase the area of the reserve to 298ha.
Unit manager Hilton Law said, “The Ouse Fen reserve is an outstanding example of minerals extraction leading to habitat creation on a landscape scale and highlights the benefits that managing the land left behind from quarrying can make in shaping and improving habitats for wildlife. We are proud to support the RSPB, Cambridgeshire County Council and others involved in the project, which will make an invaluable contribution to achieving UK biodiversity targets and securing the future of important wildlife habitats and species.”
The reserve is a home to marsh harriers, bitterns and bearded tits, in addition to otters and water voles.
Ramco Cements reports nine-month profit growth amid sales fall in 2021 financial year 04 February 2021
India: Ramco Cements’ nine-month profit for the period ending on 31 December 2020 was US$77.9m, up by 23% year-on-year from US$63.3m in the corresponding period of the 2020 financial year. Cement sales volumes dropped by 18% to 67.6Mt from 82.7Mt. Its revenue from sale of products fell by 9% to US$488m from US$535m.
The company reported that it has redeposited US$3.54m for its appeal against cartelisation charges that carrya penalty of US$35.4m. It said, “The company, backed by legal opinion, believes that it has a good case and hence no provision is made.”
The cement producer plans to commission a 1.5Mt/yr clinker line and a 9MW waste heat recovery (WHR) system at Jayanthipuram, Andhra Pradesh and a 2.25Mt/yr clinker line at Kurnool, Andhra Pradesh in the first quarter of its 2021 – 2022 financial year. A 1Mt/yr grinding unit, a 12MW WHR unit and a thermal power plan are expected to be commissioned later in the year.
UltraTech Cement’s board approves US$411m bond issuance 04 February 2021
India: The board of UltraTech Cement has voted to raise up to US$411m through issuance of US dollar-denominated bonds. The company will use the proceeds to refinance existing Indian Rupee debt, with the remainder reserved for regular on-going capital expenditure requirements and general corporate purposes.