GCC to expand Odessa cement plant 04 August 2022
US: GCC plans to invest US$750m in an upgrade to its 0.9Mt/yr Odessa cement plant in Texas. The Milenio newspaper has reported that the upgrade will more than double the plant’s capacity to 1.9Mt/yr and lower its CO2 emissions per tonne of cement by 13%. GCC expects the new capacity to be operational by 2025.
The group said “GCC will carry out the project at the Odessa plant because the US market is developing faster and represents savings in freight compared to the plant located in Chihuahua, Mexico.”
Buzzi Unicem’s profitability drops except in Czech Republic and Russia in first half of 2022 04 August 2022
Italy: Buzzi Unicem recorded a net profit of Euro88.7m in the first half of 2022, down by 58% year-on-year from Euro210m in the first half of 2021. The group said that its recurring profitability worsened across its markets, with the exception of Russia. It also noted ‘substantial stability’ in the Czech Republic. Its consolidated sales, including those of its Brazilian and Mexican businesses, were US$2.41bn, up by 18% from US$2.05bn.
The group recorded cement sales volumes of 14.2Mt, down by 4.1% from 14.8Mt. Volumes fell by 27% in Eastern Europe and by 28% in Italy, but rose by 27% in Central Europe and by 8% in the US. Excluding Russia, the producer’s fuel costs per tonne of cement rose by 8.8% year-on-year to approximately Euro8.80, and its total energy costs rose by 20% year-on-year to Euro234m.
It implemented continued price rises across all markets except Mexico during the half, with the sharpest rises recorded in Italy and Ukraine.
Orient Cement’s profit impacted by increased costs in first quarter of 2023 financial year 04 August 2022
India: In the first quarter of the Indian financial year, which began on 1 April 2022, Orient Cement recorded sales of US$89.5m, up by 3.3% year-on-year from US$86.6m in the first quarter of the 2022 financial year. The producer’s costs rose by 18% to US$82.2m from US$69.7m, which caused its net profit to drop by 58% to US$4.69m from US$11.2m.
Kenya: East Africa Portland Cement began work to replace a 16.5m-length of kiln shell at its Athi River cement plant at the end of July 2022. The producer says that the project will increase the kiln line’s capacity by 1400t/day.
Managing director Oliver Kirubai said "Due to the high costs of energy and an old clinker line, the board has prioritised efficiency and reliability of our integrated plant operations to drive cost optimisation.”
Siam City Cement donates to Sri Lankans in crisis 04 August 2022
Thailand/Sri Lanka: Siam City Cement has despatched US$111,000-worth of medical supplies and monetary donations to Sri Lanka as humanitarian aid amid the on-going financial crisis in the country. Year-on-year inflation was 61% in July 2022.
The Nation newspaper reported that the Thai government has donated a total of US$158,000-worth of supplies to the country. It said “The donations reflect the close and cordial ties as well as the goodwill between Thai and Sri Lankan people.”
India: Star Cement recorded sales revenues of US$82.3m in the first quarter of its 2023 financial year, up by 29% year-on-year from US$63.9m in the first quarter of the 2022 financial year. The producer's net profit dropped by 24% year-on-year to US$5.23m from US$6.86m. This was primarily due to a 34% rise in operating expenses toUS$72.5 from US$54.6m.
Shree Digvijay Cement's increased sales fail to produce profit in first quarter of 2023 financial year 03 August 2022
India: Shree Digvijay increased its sales by 3.9% year-on-year to US$20.4m in the first half of the 2023 Indian financial year, from US$19.6m in the first quarter of the 2022 financial year. Despite this, higher costs resulted in a 21% fall in the producer's net profit to US$2.17m from US$2.75m.
Golden Bay Cement to review viability of cement production 03 August 2022
New Zealand: Golden Bay Cement says that proposed changes to New Zealand's emissions trading scheme (ETS) would force it to review the viability of cement production at its 0.9Mt/yr Portland cement plant in Whangārei, Northland. The Northern Advocate newspaper has reported that the government proposes to reduce the number of ETS credits available to industrial enterprises under free allocation from 2024.Since the scheme's introduction in 2008, highly emissions-intensive businesses such as Golden Bay Cement have enjoyed 90% free allocation of ETS credits for their emissions.
Indonesian cement demand forecast to rise by 33% from start of Nusantara construction 03 August 2022
Indonesia: A Bandung Institute of Technology (ITB) academic has estimated a 33% rise in Indonesian cement consumption to 84Mt/yr from the start of construction of the country's planned new capital city, Nusantara, and for the following 20 years during which the city is under construction. National coal consumption is forecast to rise accordingly, by 9% to 126.5Mt/yr. Mongabay News has reported that the Indonesian government has more than tripled the coal domestic market obligation for cement production to 15Mt/yr in 2022 - 2025, from 4.5Mt in 2021.
The site of Nusantara sits on the present border between North Penajam Paser and Kutai Kartanegara districts. Construction of the city's upcoming government district is beginning in August 2022. 100,000 workers will be engaged in the first phase of construction. A researcher at Beihang University, China, has reportedly estimated that the eventual 10m people-strong city will consume 60Mt of cement for residential construction alone.
Colombia: Cementos Argos has shared plans for an 80% increase to its planned aggregates production capacity in Colombia to 4.5Mt/yr by 2024. In 2022, the company predicts that its aggregates business will contribute full-year earnings before interest, taxation, depreciation and amortisation (EBITDA) of US$2.8bn.
Colombia's annual aggregates consumption is 130 - 140Mt/yr.



