25 October 2021

China: China Resources Cement’s consolidated turnover was US$3.96bn in the first nine months of 2021, up by 13% year-on-year. ET Net News has reported that the company saw its net profit fall by 28% to US$683m.

China: The government plans to implement a benchmark level of energy efficiency for cement plants by 2025 in order to realise its national goal of no CO₂ emissions growth by 2030 and carbon neutrality by 2060. Local press has reported that the government has yet to set a specific benchmark for the cement industry. The corresponding figure for aluminium production will be 13,000kWh/t.

Uzbekistan: Qizilqum Cement’s nine-month sales fell by 11% year-on-year in 2021. A 4.4% decline in cost of goods sold failed to create earnings before interest (EBIT) growth during the period. The company recorded a 36% fall in EBIT.

Bluestone Investment Bank recorded 4.5% year-on-year growth in Uzbekistan’s volume of construction during the first nine months of 2021. In the first eight months of the year, its cement companies produced 8Mt of cement, up by 18% year-on-year. Cement imports rose slightly to 0.56Mt.

Switzerland: Holcim Schweiz has replaced the kiln stack at its Eclépens cement plant. Deputy plant manager Christian Petit said that the previous stack had been in place since 1971. He thanked the team which installed the new 100m-high stack on 22 October 2021.

Sri Lanka: The government has adjusted the monopoly situation at Trincomalee Harbour to allow multiple industries to freely make use of land at the port. The policy aims to further boost the development of Indian Ocean trade.

Tokyo Cement (Lanka) operates a 2.4Mt/yr grinding plant at Tincomalee Harbour, and is in the process of establishing a new 1Mt/yr integrated cement plant at the port’s China Bay dock.