04 July 2024

UK: FLSmidth Cement has entered a cooperation with Carbon Re, a UK-based climate tech company, to integrate FLSmidth Cement’s process control software, PXP, with Carbon Re’s AI-powered cloud platform. This integration will provide cement producers with access to new process optimisation capabilities.

Global: Lhyfe and Fives have signed a memorandum of understanding to provide a decarbonised solution for the cement industry, covering everything from hydrogen production to combustion. This initiative is designed to accelerate the energy transition by enabling the use of hydrogen in process industries without the need to modify existing equipment.

Lhyfe will produce and supply green hydrogen, while Fives will offer optimised and safe solutions for its use in industrial combustion processes, including cement production.

India: Cement volumes in India are projected to rise by 7-8% year-on-year in the 2025 financial year, driven by sustained demand from the infrastructure and housing sectors. This forecast is supported by the government's focus on infrastructure projects, sanction of additional houses and industrial capital expenditure, according to a report by the credit rating agency ICRA.

The Indo-Asian News Service reports that capacity addition in the cement industry is estimated at 63-70Mt between FY25 and FY26, with approximately 33-35Mt expected in FY25 alone. The capacity utilisation is expected to rise to 71% in FY25 from 70% in FY24, backed by higher cement volumes.

Ghana: Minister of Trade and Industry, K Hammond, has presented the Ghana Standards Authority (Pricing of Cement) Regulations 2024 in Parliament. This legislative instrument aims to control cement prices in response to rising costs.

The legislation follows government efforts to persuade manufacturers to reduce prices and address public concerns over escalating costs, according to the Daily Guide Network. Despite opposition from the National Democratic Congress lawmakers and cement producers, the regulation will likely become law after a 21-sitting day period in Parliament. The new law will introduce a price stabilisation fund to ensure consistent cement prices across the country.

Mr Hammond said "For a long time, we haven’t seen cement prices de-escalating. It's always escalating. I think there's something fundamentally wrong with the pricing of cement in the country.”