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03 April 2024

Naif bin Sultan bin Mohammed bin Saud Al Kabir appointed as chair of Yamama Cement

Written by Global Cement staff

Saudi Arabia: Yamama Cement has appointed Naif bin Sultan bin Mohammed bin Saud Al Kabir as its chair. Abdullah bin Abdulrahman Al Obeikan has been appointed as the vice-chair. Members of the Compensation and Nomination Committee and the Audit Committee have also been announced.

Published in People
Tagged under
  • Saudi Arabia
  • Yamama Cement
  • GCW653
03 April 2024

Manish Mistry appointed as company secretary at ACC and Ambuja Cement

Written by Global Cement staff

India: Adani Group subsidiaries ACC and Ambuja Cement have both appointed Manish Mistry as company secretary. He succeeds Hitesh L Marthak in both posts, who is taking another job in the group.

Mistry has over 18 years of experience in corporate laws compliance, secretarial and legal roles. Before joining Adani Group in 2022, he worked for Bell Ceramics, Alembic Group, Cadila Group and GACL. He is a Fellow Member of the Institute of Company Secretaries of India in New Delhi, a graduate in commerce and law from the M S University of Vadodara and is a qualified Cost & Management Accountant (CMA).

Published in People
Tagged under
  • India
  • Adani Group
  • ACC
  • Ambuja Cements
  • GCW653
03 April 2024

Jelena Stamenkovski appointed as Lead of Clinker Decarbonisation at Holcim

Written by Global Cement staff

Switzerland: Holcim has appointed Jelena Stamenkovski as Lead of Clinker Decarbonisation.

Stamenkovski has worked for Holcim Group since 2008. She originally held senior production roles at Holcim’s subsidiary in Serbia. In 2015 she took up group process roles based in Switzerland, becoming the company’s Cement Industrial Operating System Manager from 2017 to 2021. She later became the Group Process Expert - Plants of Tomorrow – Decarbonisation in 2023. Prior to working for Holcim she worked at Titan Cement’s Skopje plant in North Macedonia.

Stamenkovski holds undergraduate and master’s degrees in process engineering from Saints Cyril and Methodius University in Skopje.

Published in People
Tagged under
  • Switzerland
  • Holcim
  • GCW653
  • Plant
  • Titan Cement
  • North Macedonia
03 April 2024

Poor cement market slows CNBM financial results in 2023

China: Poor performance by CNBM’s Basic Building Materials division dragged down the group’s sales in 2023 despite positive performance by the group’s Engineering Technical Services and New Materials segments. Its revenue fell by 10% year-on-year to US$29.1bn in 2023 from US$32.3bn in 2022. Its profit after tax dropped by 33% to US$1.44bn from US$2.13bn. Sales volumes of cement and clinker decreased by 3% to 309Mt from 317Mt. Sales volumes of commercial concrete fell by 5% to 80.8Mm3 from 84.7Mm3.

Revenue for the Basic Building Materials division fell by 19% to US$16.4bn. The company blamed this on a fall in the price of cement, concrete and aggregates although an increase in sales volume of aggregates was noted. The group said that in 2023, the cement industry was characterised by ‘insufficient demand, weakening expectations and weakening off-peak season characteristics,’ coupled with and aggravating surplus and high costs.

Published in Global Cement News
Tagged under
  • China
  • CNBM
  • Results
  • GCW653
  • concrete
  • Aggregates
03 April 2024

Huaxin Cement fights off decline in cement market

China: Huaxin Cement grew its revenue and profit in 2023 by growing its concrete market domestically and increasing its international business. Its revenue rose by 11% year-on-year to US$4.67bn in 2023 from US$4.21bn in 2022. However its operating revenue from cement and clinker declined. The group’s net profit increased by 2% to US$382m from US$373m. Its cement sales volumes grew by 2% to 76.8Mt from 75.3Mt. Concrete sales volumes mounted by 66% to 27.3Mm3.

The share of its international business grew by 16% in 2023 from 13% in 2022. Notable acquisitions in 2023 included the purchases of Oman Cement and InterCement’s assets in Sub-Saharan Africa.

Published in Global Cement News
Tagged under
  • China
  • Huaxin Cement
  • Results
  • GCW653
  • concrete
  • Aggregates
  • Acquisition
  • Oman Cement
  • Oman
  • Intercement
  • South Africa
  • Mozambique
03 April 2024

UltraTech increases production capacity

India: UltraTech Cement has allocated US$3.8bn for capacity expansion over the next three years, including the acquisition of Kesoram Cement. The company aims to increase grey cement production to 198Mt/yr. Recently, it commissioned two new greenfield capacities totalling 5Mt/yr in Chhattisgarh and Tamil Nadu, raising its total capacity to 152Mt/yr. This exceeds more than 150% of the capacity of the US and 80% of Europe's capacity.

In the last year, UltraTech Cement increased its capacity by 19Mt/yr, with an additional 36Mt/yr being added at 16 locations.

Published in Global Cement News
Tagged under
  • India
  • UltraTech Cement
  • Capacity
  • Kesoram Cement
  • Chhattisgarh
  • Tamil Nadu
  • Plant
  • grinding plant
  • GCW653
03 April 2024

SCG launches low-carbon cement in Thailand

Thailand: Siam Cement Group (SCG) has introduced a new low-carbon cement, contributing to Thailand's net-zero ambitions. According to the company, SCG is Thailand's first cement manufacturer to produce this eco-friendly cement, reducing CO₂ emissions to as low as 0.05t during production. The new cement reportedly matches or is stronger than traditional Portland cement. SCG achieved this by improving its manufacturing processes, using clean energy sources and waste heat utilisation, leading to a 38% decrease in energy consumption. The company also modified raw material ratios in order to further reduce emissions.

SCG's president of the cement and green solutions department, Surachai Nimlaor, said “Since cement production consumes a considerable amount of energy and emits CO₂ during the process, we decided to find out how we could reduce this impact." He continued “With the initial low-carbon cement formula, we have reduced emissions by 15 to 20%. Moving forward, our goal is to develop new formulas that can reduce carbon emissions by up to 50%.”

Published in Global Cement News
Tagged under
  • Thailand
  • Siam Cement
  • Product
  • GCW653
  • Sustainability
03 April 2024

Shree Cement inaugurates 3Mt/yr Guntur cement plant

India: Shree Cement has inaugurated its Guntur cement plant in Andhra Pradesh in southern India. The producer says that the move raises its cement capacity by 5.6% to 56.4Mt/yr, with six integrated cement plants. It already operates one other plant in South India, the 2.4Mt/yr Kodla cement plant in Karnataka. Press Trust of India News has reported that the Guntur cement plant cost US$300m and will employ 700 people. It will serve the ‘growing markets’ of Andhra Pradesh and Telangana. The plant will co-process up to 30% alternative fuel, consisting of municipal solid waste and biomass, as cement fuel.

Managing director Neeraj Akhoury said "We're committed to growing responsibly. The Guntur plant reflects this by using advanced technology for manufacturing and controlling emissions, making high quality cement with the efficient use of energy.”

Published in Global Cement News
Tagged under
  • India
  • Shree Cement
  • Plant
  • Andhra Pradesh
  • Inauguration
  • GCW653
  • Telangana
03 April 2024

Shree Cement orders 10.5MW new solar power capacity from Roofsol Energy

India: Roofsol Energy has won a contract to supply solar power plants with a total capacity of 10.5MW for Shree Cement in Jharkhand and Uttarakhand, Saur Energy News has reported.

Roofsol Energy said “Shree Cement owns and operates cement grinding units in nine locations across India and owns production facilities in Rajasthan, Chhattisgarh and Karnataka and has operations in India and UAE. The company carries out power generation through waste heat recovery plants and now it is adopting solar plants as well.”

Published in Global Cement News
Tagged under
  • India
  • Order
  • Jharkhand
  • Uttarakhand
  • Solar power
  • GCW653
  • Shree Cement
03 April 2024

PPC Zimbabwe’s fly ash benefaction project postponed to early 2025

Zimbabwe: PPC Zimbabwe says that a planned fly ash beneficiation project at a power plant in Zimbabwe will now take place in early 2025 instead of in 2024. This is due to delays in accessing the power plant to complete the design and commercial contract, according to the cement producer. The Chronicle newspaper has reported that, as a result, PPC Zimbabwe’s capital expenditure investments so far in 2024 are behind its previous full-year guidance of US$31.8m.

Published in Global Cement News
Tagged under
  • Zimbabwe
  • PPC Zimbabwe
  • PPC
  • Fly Ash
  • Ash
  • GCW653
  • Power Plant
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