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25 August 2023

Malayan Cement’s sales rise in 2023 financial year

Malaysia: Malayan Cement recorded consolidated sales of US$808m during the 2023 financial year, up by 39% year-on-year from US$583m in the previous financial year. Its net profit was US$34.2m, up by 90% from US$18m. The company partly attributed its sales growth to its incorporation of YTL Cement, which took place in the 2022 financial year on 21 September 2021. It also increased its cement sales volumes and prices.

Looking to the current, 2024 financial year, Malayan Cement said “Non-residential construction activities are expected to benefit from higher investments in manufacturing facilities, given the shift in global supply chains. Nonetheless, the group's optimism is tempered with caution, as inflation and higher interest rates may have a knock-on effect on cement demand.” It added “Our ability to deliver seamless solutions to customers will be optimised, boding well for the positive growth and outlook of the group and the industry going forward.”

Published in Global Cement News
Tagged under
  • Malaysia
  • Malayan Cement
  • Results
  • market
  • growth
  • Outlook
  • YTL Cement
  • Merger
  • interest
  • currency
  • inflation
  • economy
  • GCW623
25 August 2023

Hume Cement Industries reports rise in sales in 2023 financial year

Malaysia: Hume Cement Industries’ sales were US$218m in the 2023 financial year, up by 40% year-on-year from US$156m in the 2022 financial year. The producer increased its net profit by a factor of 19, to US$12.9m from US$672,000.

Published in Global Cement News
Tagged under
  • Malaysia
  • Hume Cement Industries
  • Results
  • GCW623
25 August 2023

ACC and UltraTech Cement secure granulated blast furnace slag supply from Bokaro Steel Plant

India: Bokaro Steel Plant has won granulated blast furnace slag (GBFS) supply contracts with ACC and UltraTech Cement. Under the contracts, Bokaro Steel Plant expects to supply 1.3Mt of GBFS from its facilities in Jharkhand for use in cement production in the state. The Pioneer newspaper has reported that the contracts will run until August 2026.

Published in Global Cement News
Tagged under
  • India
  • ACC
  • UltraTech Cement
  • GBFS
  • Slag
  • Alternative raw materials
  • supplementary cementitious materials
  • supply contract
  • Bokaro Steel Plant
  • GCW623
25 August 2023

Terra CO2 supplies OPUS supplementary cementitious material for indiGO Auto Group car dealership in Texas

US: Terra CO2 has performed a successful demonstration pour of its OPUS silicate-based supplementary cementitious material (SCM) at a construction site in Texas. Terra CO2 supplied the SCM to indiGO Auto Group for the construction of its Porsche Sugar Land car dealership in Houston. It says that the product delivers durability, strength and functionality on a par with other, traditional SCMs. Tonne-for-tonne, the use of OPUS reduces projects’ CO2 emissions by 70%, and their NOx emissions by 90%, compared to ordinary Portland cement (OPC).

Terra CO2 CEO Bill Yearsley said "Our work at Terra CO2 is about forging a viable path for sustainable construction. We're set on creating a blueprint for the future where performance, cost-effectiveness and sustainability coexist seamlessly across projects. We're moving beyond the lab, beyond the processes that have held us back as an industry, and introducing a sustainable solution to real-world applications."

Published in Global Cement News
Tagged under
  • US
  • Texas
  • construction
  • indiGO Auto Group
  • supplementary cementitious materials
  • Sustainability
  • CO2
  • performance
  • NOx
  • GCW623
25 August 2023

Tokuyama Corporation commissions ABB Expert Optimizer system at Nanyo cement plant

Japan: Tokuyama Corporation has installed ABB’s Expert Optimizer automated optimisation system in the kiln line of its Nanyo cement plant. The system controls the line’s calciner, kiln and cooler processes. The supplier says that the technology will reduce the Nanyo cement plant’s thermal energy consumption by 3%.

Tokuyama Corporation "We selected ABB's Expert Optimizer to equalise operations and improve operational efficiency. As expected, we have significantly reduced the number of the operator manual operations normally spent on manual tasks.” It added “We believe that this solution will also support our young operators in learning the know-how of our operations efficiently."

Published in Global Cement News
Tagged under
  • Japan
  • ABB
  • Supplier
  • software
  • monitoring
  • efficiency
  • Upgrade
  • heat
  • optimisation
  • Industry 40
  • digitisation
  • training
  • calciner
  • cooler
  • Process control
  • equipment
  • GCW623
25 August 2023

Cimento Gaúcho inaugurates Montenegro grinding plant

Brazil: Cimento Gaúcho has inaugurated its 400,000t/yr Montenegro grinding plant in Rio Grande do Sul. The producer invested US$20.4m in the facility, which will initially produce 100,000t/yr of cement. Besides the local market, Cimento Gaúcho also plans to supply cement from the Montenegro grinding plant to Argentina, Paraguay and Uruguay. The El Pais newspaper has reported that the plant will create 30 direct jobs, and a further 120 indirect jobs.

Cimento Gaúcho is a joint venture of Hipermix and Uruguay-based Compañía Industrializadora de Minerales.

Published in Global Cement News
Tagged under
  • Brazil
  • Cimento Gaúcho
  • Compañía Industrializadora de Minerales
  • Hipermix
  • grinding plant
  • Investment
  • Production
  • Jobs
  • Joint Venture
  • GCW623
24 August 2023

Cemex Mexico exceeds Mexico’s 2030 alternative fuel target

Mexico: Cemex Mexico subsitituted 36% of it cement fuel with alternative fuel (AF) in 2022. This exceeds the Mexican cement industry’s target for 2030, of 32%. Mexico Business News has reported that the producer used 1.05Mt of AF across its operations. This reduced its CO2 emissions by 1.8Mt, and prevented 850,000t of methane emissions from being generated in landfill. Cemex Mexico’s Huichapan cement plant in Hidalgo set the company record for the year, with 207,000t of AF co-processed in its cement production. It produced 3.2Mt of cement for the Bajio, Central, Central-North, Laguna and Southeast Mexico markets.

Sustainability Manager Carlos Medina said "Last year’s results motivate us to intensify our efforts and uphold good practices that benefit communities and the environment. We will keep promoting environmentally friendly solutions in all our operations, as we are convinced that all social actors must collaborate to lay the foundations for a better future."

Published in Global Cement News
Tagged under
  • Mexico
  • Cemex
  • Cemex Mexico
  • Alternative Fuels
  • CO2
  • Waste
  • methane
  • Sustainability
  • target
  • GCW623
24 August 2023

Adani Group increases earnings, including cement earnings, in first quarter of 2024 financial year

India: Adani Group recorded earnings before interest, taxation, depreciation and amortisation (EBITDA) of US$2.85bn in the first quarter of the 2024 financial year, up by 42% year-on-year. The conglomerate’s cement business contributed an EBITDA of US$235m, up by 54% year-on-year. This represented 8.2% of the quarterly total. The group sold 15.4Mt of cement.

Financial Express Online News has reported that Adani Group said “The robust portfolio performance was primarily driven by the renewable power business under Adani Green, the infrastructure businesses under Adani Enterprises and the cement businesses under Adani Cement.”

Published in Global Cement News
Tagged under
  • India
  • Adani Group
  • Adani Cement
  • Ambuja Cements
  • ACC
  • Results
  • Sales
  • volumes
  • diversification
  • GCW623
24 August 2023

Cementos Argos to expand facilities in the US and Colombia

US/Colombia: Colombia-based Cementos Argos is carrying out expansions to two cement plants in South Carolina and West Virginia. While not specifically named, these would appear to be the 1.1Mt/yr Harleyville and 1.8Mt/yr Martinsburg cement plants. The producer says that the expansions will increase its cement capacity in the eastern US by 450,000t/yr.

Additionally, Cementos Argos plans to expand the capacity of its Cartagena cement terminal in Colombia by 35% to 4Mt/yr. The producer says that this will serve as a platform for subsequent growth. It is targeting the US market, where an expansion is also underway at its import facility in Houston, Texas. The Cartagena terminal achieved its current capacity following a recent US$42m expansion.

Published in Global Cement News
Tagged under
  • US
  • Colombia
  • Cementos Argos
  • Grupo Argos
  • Export
  • Import
  • growth
  • market
  • Texas
  • West Virginia
  • South Carolina
  • Investment
  • Terminal
  • Plant
  • Upgrade
  • Expansion
  • trade
  • GCW623
24 August 2023

Turkmencement completes Lebap cement plant upgrade

Turkmenistan: State-owned Turkmencement has successfully carried out an upgrade to its 1Mt/yr Lebap cement plant at Koytendag. The upgrade involves the installation of a new 3000t/day kiln line, supplied by Germany-based thyssenkrupp Industrial Solutions. The producer first announced the project in mid-2020, and ordered the new line in mid-2021.

In 2022, the Lebap cement plant produced 1.1Mt of cement, up by 11% year-on-year from 991,000t in 2021.

Published in Global Cement News
Tagged under
  • Turkmenistan
  • Turkmencement
  • Plant
  • Upgrade
  • Expansion
  • ThyssenKrupp
  • ThyssenKrupp Industrial Solutions
  • Production
  • GCW623
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