Germany: Heidelberg Materials' sales increased by 13% year-on-year to Euro21.1bn in 2022 from Euro18.7bn in 2021. This was despite a 6.1% drop in cement and clinker volumes, to 119Mt from 127Mt. Heidelberg Materials' cement and clinker volumes fell by 10% in Western and Southern Europe, by 7.8% in Northern and Eastern Europe-Central Asia, by 14% in North America, by 1.3% in Africa-Eastern Mediterranean Basin and by under 1% in Asia-Pacific. The group's materials costs rose by 23% to Euro21.4bn from Euro18.8bn. Meanwhile, its profit dropped by 9.4% to Euro1.72bn from Euro1.9bn.

Chief executive officer Dominik von Achten said "It’s evident that we can only be profitable in the long term by shaping our future as a company in a climate-compatible way, further reducing the footprint of our products and closing material loops. We are making good strides in all areas. Compared with the previous year, we were able to reduce our specific net CO₂ emissions by another 2% in 2022. Our carbon capture, utilisation and storage projects launched worldwide are progressing favourably. At our CCS project in Brevik, Norway, we are well on track with the construction of the world's first CO₂ capture plant in our industry, and we look forward to commissioning in 2024." Von Achten continued "We have made a good start to 2023. The fourth quarter showed that we have laid a good foundation for the development in this year. Volatility on energy and raw material markets remains high, but the current easing in energy prices is giving us some breathing room. On the demand side, government infrastructure plans should compensate for the decline in private housing construction. We are optimistic about the further course of the year.”

Pakistan: Bestway Cement has published its first-half results for the 2023 Pakistan financial year, showing a 20% year-on-year rise in its gross turnover to US$222m from US$185m. Its cost of sales rose by 25% to US$110m, but failed to offset sales growth, resulting in 23% profit growth to US$44.5m from US$35.3m.

Pakistan: DG Khan Cement recorded sales of US$114m during the first half of the 2023 Pakistani financial year. The figure corresponds to growth of 8.5% year-on-year from US$105m in the first half of the 2022 financial year. Its cost of sales was US$97.4m, up by 82% from US$53.4m. Its profit was US$3.56m, up by 72% from US$2.07m.

Pakistan: Pioneer Cement's sales were US$95.7m in the first half of its 2023 financial year. This corresponds to a 19% year-on-year rise from US$80.2m in the first half of the 2022 financial year. The producer overcame 20% growth in its cost of sales to US$53.2m from US$44.2m, to record a profit after tax of US$6.72m, up by 54% from US$4.36m.

Sri Lanka: Bogala Graphite has launched its new cement-strengthening graphene oxide additive. Daily FT News has reported that potential investors will be able to discuss the new technology with Bogala Graphite at the forthcoming Industry 4.0 and Industry 5.0 exhibition later in February 2023.

Colombia: Cementos Argos has introduced a share price recovery programme at the same time it has released its financial results for 2022. It plans to spend around US$50m on a share buy-back program. Its sales revenue rose by 24% year-on-year to US$2.37bn from US$1.92bn. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 7% to US$422m from US$396m. However, its net income dropped by 14% to US$81.7m from US$95.5m due to mounting financial expenses. Its cement sales volumes fell by 3.7% to 16.2Mt in 2022 from 16.8Mt in 2021.

The group blamed the decline in cement sales volumes on problems in the Haitian market as well as lower trading volumes to the Caribbean and Central America region. Sales volumes of cement and revenue grew in the US but earnings fell. In Colombia, local cement sales volumes fell but were boosted overall by exports.

Germany: Austria-based Rohrdorfer has started up an amine-based carbon capture system at its Rohrdorf cement plant in Bavaria. The producer plans to ultimately expand the system up to a capture capacity of 1500t/day. The inauguration follows a successful continuous trial of the technology since August 2022, excluding a regular kiln maintenance period over winter. Austria-based Andritz designed the system specifically for the Rohrdorf cement plant. It yields CO₂ that is suitable for numerous applications, including in food and beverages and in intermediate products in pharmaceuticals production. The Rohrdorf cement plant also hosts a formic acid plant which uses captured CO₂.

Rohrdorfer aims to achieve carbon-neutral cement production by 2038. Alongside production-related optimisations, the producer plans to realise its aim through a future expansion to the Rohrdorfer plant’s carbon capture system and the implementation of a further carbon capture upgrade at a second cement plant in Austria.

Chile: Melón’s sales rose by 2% year-on-year to US$305m in 2022. The producer recorded a 17% drop in its cement production to 1.13Mt. Operating costs rose by 11%, with rises across raw materials, transport and utilities costs. As such, the producer reported a net loss of US$12m, compared to a net profit of US$15.3m in 2021.

Melón noted a ‘very challenging market’ with ‘active competition’ so far in 2023, including a low capacity utilisation situation in the domestic cement industry.

Thailand: Switzerland-based Maerz has commissioned a new 150t/day lime kiln at Bangkok CaO’s plant at Saraburi. The kiln is the third Parallel Flow Regenerative (PFR) unit that Maerz has supplied to the site following previous installations in 1996 and 2008. All the kilns at the plant use waste oil as a fuel.

Russia: Eurocement has changed its name to Cemros. The rebranding exercise followed an internal staff competition to come up with a new name followed by a vote from a shortlist. The new name is intended to invoke the words ‘cement’ and ‘Russia.’ It was suggested by Evgeny Lukanovsky, Alexey Lotarev and Igor Efimov.

Eurocement was acquired by Smikom in 2021 for around US$2.2bn following an auction held by Sberbank.