India: UltraTech Nathdwara Cement has commissioned its upgraded Neem Ka Thana grinding plant following an 800t/yr capacity expansion. The project expanded the plant's capacity by 57% to 2.2Mt/yr.
The Hindu Business Line newspaper has reported that parent company UltraTech Cement's 22 integrated cement plants, one clinker plant and 27 grinding plants give it an 80% market reach in India.
Australia: James Hardie's sales were US$3.77bn during the 2023 financial year, up by 4% year-on-year from 2022 financial year levels. Its flagship North America fibre cement segment increased its sales by 9% to US$2.79bn, its Asia Pacific fibre cement segment increased its sales by 1% to US$527m and its Europe Building Products segment increased its sales by 3% to US$470m.
James Hardie's CEO, Aaron Erter, said “We delivered full-year adjusted net income and operating cash flows of US$606m and US$608m respectively. I am pleased with how the team adjusted during the 2023 financial year to prepare the company to thrive through this cycle. This is reflected in our strong fourth quarter results, including all three regions delivering significant earnings before interest and taxation (EBIT) margin improvement sequentially in the fourth quarter.”
Looking forward to the first quarter of the 2024 financial year, James Hardie forecast adjusted net income growth of between -6% and +6.9%, to US$145 - 165m, throughout the quarter.
Savannah Cement to be placed under receivership
Kenya: A court has ruled in favour of Absa Bank Kenya and Kenya Commercial Bank's right to appoint an administrator for Savannah Cement. The banks are seeking to recover US$72.9m owed by the producer. The Star newspaper has reported that a previous court ruling in December 2022 prevented the lenders from appointing an administrator or seizing assets.
Heidelberg Materials to invest Euro65m in Bussac-Forêt cement plant calcined clay upgrade
France: Germany-based Heidelberg Materials announced a planned Euro65m upgrade to its Bussac-Forêt cement plant in Charente-Maritime Department on 14 May 2023. The project will involve the installation of systems for the production of calcined clay cement. The producer says that this will enable the 0.8Mt/yr plant to reduce its CO2 emissions by 20%.
Chief sustainability officer Nicola Kimm said “In Bussac-Forêt, we are investing in a technology with great potential. It will allow us to significantly expand the range of low-carbon products. Using calcined clay as a clinker substitute is an important measure to reduce the carbon footprint of cement and concrete. In principle, a CO₂ reduction of up to 40% is possible when substituting cement clinker with calcined clay.”
Heidelberg Materials is already involved in the on-going pilot trial of a 400,000t/yr clay calcination plant in Ghana.
NCL Industries to acquire Vishwamber Cements
India: NCL Industries has concluded a share purchase agreement with the owners of Vishwamber Cements. Under the deal, NCL Industries will acquire 100% ownership of Vishwamber Cements. The group says that it plans to merge the newly acquired subsidiary into its own cement business. It noted that Vishwamber Cements owns 130 hectares of active limestone quarries.
Italy: Buzzi Unicem reported first-quarter sales of Euro956m in 2023, up by 20% year-on-year from Euro800m in the first quarter of 2022. The producer's cement volumes dropped by 8.8% to 5.8Mt from 6.36Mt. It attributed this to a general slowdown of the construction sector across its markets. Local low demand from the residential market and adverse weather compounded the regional sales contraction in Central Europe. On the other hand, the group recorded volumes growth in Mexico and Russia and stability in Brazil. Both Mexico and Brazil produced revenues growth, while Buzzi Unicem's revenues fell in Russia due to the effect of the appreciation of the ruble against the comparison period in 2022, when the start of the on-going Russian invasion of Ukraine devalued it.
Overall, the group expects to 'easily' match its 2022 full-year earnings before interest, taxation, depreciation and amortisation (EBITDA) in 2023. It said that that it could not currently delineate a 'clearly different picture,' but added "The stabilisation of energy prices, albeit at higher levels than in 2022, if confirmed, will allow us to have better visibility on the unfolding of the production costs from spring onwards."
Italy: Caltagirone Group subsidiary Cementir Holding reported year-on-year growth in sales of 15% to Euro415m during the first quarter of 2023. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 34% to Euro81.2m. The group ended the period under review with a net debt of Euro32.1m, down by 64% year-on-year.
Cementir Holding said that its cement sales volumes rose in Türkiye, but failed to offset declines in its Nordic & Baltic, Belgium and US regions, resulting in an overall decline of 4%.
India: The municipal corporation of Kolkata, West Bengal, has enacted regulations requiring landowners to send construction waste from projects on their property to construction and demolition waste recycling facilities. The Telegraph newspaper has reported that the new regulations apply to all construction, demolition and repairs work on plots of land larger than 0.24 hectares. The city authorities have built a 183,000t/yr recycling plant in New Town, Greater Kolkata, to support the increased volumes.
France: Hoffmann Green Cement Technologies has commissioned its H2 plant, a 1000t/day clinker-free cement plant, adjacent to its existing H1 clinker-free cement plant in Bournezeau, Pays de la Loire. L'Usine Nouvelle News has reported that the new plant took 24 months to build and cost Euro22m. The main part of the plant consists of a 70m tower, where activated clay, ground granulated blast furnace slag (GGBFS) and gypsum are mixed to produce the cement. It is installed with solar panels capable of supplying 50% of its energy consumption. The producer says that its clinker-free cement has over 90% lower CO2 emissions than cement produced with ordinary Portland cement (OPC). It aims to sell 24,000t of the product throughout 2023.
Ambuja Cements to expand clinker capacity by 8Mt/yr across Bhatapara and Maratha cement plants
India: Ambuja Cements has placed orders with equipment suppliers for an 8Mt/yr clinker capacity expansion across two of its cement plants. The plants in question are the 2.9Mt/yr Bhatapara cement plant in Chhattisgarh and the 4.5Mt/yr Maratha cement plant in Maharashtra. Ambuja Cements will also build 42MW-worth of waste heat recovery (WHR) power capacity. The new cement capacity will be able to operate on renewable energy and use 50% alternative fuel (AF). As such, upon completion of the project, the plants will together produce 14Mt/yr of Ambuja Cements' reduced-CO2 Blended Green Cement. The producer will fund the work through internal accruals, and expects to complete it in May 2025.
CEO Ajay Kapur said "These brownfield expansion projects are part of our strategy to double our production capacity over the next five years from the current capacity of 67.5Mt/yr. Our ongoing investments in capacity expansion and sustainability will enable us to achieve our long-term objectives, as we remain committed to delivering sustainable growth and value to our stakeholders."