Global Cement
Unmatached fuel flexibility with Pyrorotor - KHD
Online condition monitoring experts for proactive and predictive maintenance - DALOG
Cut your energy costs with our high-performance lubricants and services - Kluber Lubrication
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Members
  • Live
  • Login
  • Advertise
  • Knowledge Base
  • Alternative Fuels
  • Services
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Register
  • Trial subscription
  • Contact
News GCW575

Displaying items by tag: GCW575

Subscribe to this RSS feed

A cement producer by any other name

21 September 2022

HeidelbergCement’s latest sustainability target has been to reduce the ‘cement’ footprint from its own name. From this week it has become Heildelberg Materials. Of the top ten global cement producers in Global Cement Magazine’s roundup in the December 2021 issue only three now have the word ‘cement’ in their names.

In Heildelberg Materials’ own words, the “new brand identity underlines the company's pioneering role on the path to carbon neutrality and digitalisation in the building materials industry.” Chair Dominik von Achten then goes on to explain that the company is proud of its cement business but its range of services goes far beyond cement. This is certainly true but in 2021 the cement business generated 44% of the group’s revenue. 19% came from aggregates, 25% from ready-mixed concrete plus asphalt and the remaining 12% from services and other lines.

Yet, Heidelberg Materials is also a leader in driving innovation in carbon capture, utilisation and storage (CCUS) for the cement sector with a full production line capture unit planned for commissioning in 2024 at the Brevik plant in Norway. When it opens it will be the only full scale CCUS unit at a cement plant anywhere in the world. The group further plans to reduce the CO2 footprint of its cementitious products to below 500kg/t CO2 by 2030 and aims to generate half of its revenue from low-carbon products. These are not small achievements or ambitions.

Meanwhile, Holcim completed the divestment of its Indian business to Adani Group this week for US$6.4bn. For Holcim the move marks a milestone in the reshaping of its business away from developing markets and the diversification on its product lines into light (and more sustainable) building materials. So why would a company like Adani Group move into the cement sector when multinationals are getting out?

Money is the obvious answer and the one group owner Gautam Adani raised at a speech marking his latest mega-acquisition. He said, “Our entry into this business is happening at a time when India is on the cusp of one of the greatest economic surges seen in the modern world.” He expects his new cement arm to become the most profitable cement producer in the country although his competitors may have other ideas. As well as operational efficiency, Adani also plans to inject US$2.5bn into the business as part of plans to increase its production capacity to 140Mt/yr in the next five years, from around 70Mt/yr at present. However, the financial press in India and elsewhere has wondered how much debt Adani Group can cope with and whether it will consolidate its latest acquisitions or simply use them to buy into even more sectors. Time will tell.

Lastly, it should be noted that Adani Group’s new rival UltraTech Cement has targeted a production capacity of 154Mt/yr by 2025. Any growth in the Indian market will clearly be contested. It is also worth noting that the latter company has retained ‘cement’ in its name. For now at least.

Published in Analysis
Read more...

Adani family members appointed as heads of Ambuja Cements and ACC

21 September 2022

India: Ambuja Cements has appointed Gautam Adani as its chair and his son Karan Adani as a director. ACC has appointed Karan Adani as its chair. The changes in board personnel follow the completion of the acquisition of Holcim’s subsidiaries in India by Adani Group. Karan Adani is expected to manage both cement companies, according to the Press Trust of India.

Other initial personnel changes following the takeover include the appointment of Ajay Kapur as the chief executive officer (CEO) of Ambuja Cements. Vinod Bahety has been appointed as the chief financial officer. The company’s former chair, NS Sekhsari, has been appointment as chairman emeritus in recognition of his “outstanding and invaluable contributions.” At ACC, Sridhar Balakrishnan remains as CEO.

Gautam Adani, the chair and founder of Adani Group, holds over 30 years of business experience. Under his leadership, Adani Group has emerged as an integrated infrastructure conglomerate with interests in resources, logistics and energy sectors.

Karan Adani is the CEO of Adani Ports and SEZ Limited (APSEZ). He is currently leading the transformation at APSEZ to form an integrated logistics company. This has included growth at the company from two ports to 10 ports and terminals. He is an economics graduate from Purdue University in the US.

Ajay Kapur holds over 25 years of experience in the cement and construction, power and heavy metals sector. He joined Ambuja Cement in 1993 as an executive assistant to the then managing director (MD). He held various strategic positions over the last two decades, and from 2014 to 2019, he served as the CEO and managing director of the company. Prior to joining Adani Group in June 2022, Kapur was CEO - Aluminium and Power and MD - Commercial at Vedanta. Most recently he served as CEO of Special Projects at Adani Ports and Special Economic Zone. Kapur is an economics graduate from St Xavier's University in Mumbai and holds a Master’s of Business Administration (MBA) from the KJ Somaiya Institute of Management. He has also attended the Advanced Management Programme at the Wharton School of the University of Pennsylvania.

Vinod Bahety previously worked as the Group Head - Merger & Acquisition & Corporate Finance for Adani Group. He has worked on some of the major merger and acquisition activities for the group. Previously he worked in the banking sector. He is a chartered accountant by qualification.

Published in People
Read more...

Vik Bansal leadership at Boral to start in October 2022

21 September 2022

Australia: Boral has announced that Vik Bansal will start work as its chief executive officer and managing director on 10 October 2022. It was previously announced that he would succeed Zlatko Todorcevski in early December 2022.

Published in People
Read more...

Heidelberg Materials unveils new corporate identity

21 September 2022

Germany: The former HeidelbergCement launched its new name and branding as Heidelberg Materials at a group level on 20 September 2022. The new two-word moniker underlines the cement producer's pioneering role on the path to building materials digitisation and carbon neutrality. 'Materials' stands for its innovative portfolio of sustainable and intelligent building materials, as well as digital solutions. The group's subsidiaries will also change their names to Heidelberg Materials from the beginning of 2023. Among the first to undergo the transformation will be US-based Lehigh Hanson, which will become Heidelberg Materials in early 2023.

Managing board chair Dominik von Achten said “We are proud of our cement business, but the company's range of services goes far beyond cement. Today, and even more in the future.Our future is sustainable. Our future is digital. Customer demands, markets and competitors are changing rapidly. Opportunities and challenges go beyond country borders; communication is becoming increasingly global. Differentiation opportunities arise." Concerning the company's cement business, von Achten said "We will be the first company in the world to offer carbon-free cement at large scale as early as 2024. We are vigorously driving forward the scaling of our CCUS activities: by 2030, we will reduce our CO2 emissions by 10Mt/yr with the projects we have already launched. "

Published in Global Cement News
Read more...

Holcim launches 1.5°C science-based framework

21 September 2022

Switzerland: Holcim has launched of the world’s first 1.5°C science-based framework to decarbonise the cement industry in coordination with its partnership with the Science Based Targets initiative (SBTi). This framework was independently developed by the SBTi, in collaboration with an advisory group representing academia, civil society and industry. Holcim has submitted its 1.5°C-aligned 2030 targets for SBTi validation, and is engaging with organisations at Climate Week NYC to scale up the framework’s deployment.

Jan Jenisch, the chief executive officer of Holcim, said “Taking a rigorous, science-driven approach on this journey, we partnered with the SBTi to create the 1.5°C-aligned framework for the sector. Today we submit our 2030 net-zero targets in line with this framework and encourage all our peers to join us to scale up our impact together.”

Published in Global Cement News
Read more...

Dalmia Bharat launches Transformative and Collaborative Strategy Roadmap

21 September 2022

India: Dalmia Bharat has accelerated its commitment to net zero CO2 cement production by 2040 with the launch of its newTransformative and Collaborative Strategy Roadmap. The roadmap provides a framework forinnovation, growth and sustainability initiatives through shared synergies with private and public entities, including Asian Development Bank and 50 local government authorities. Initiatives already underway include non-recyclable waste disposal partnerships with local administrations across India. Dalmia Bharat is supporting these initiatives with the installation of chlorine dust bypass systems at two of its cement plants, the first in India. The producer's cement operations are already 40% renewably powered and 13 times water positive.

Dalmia Bharat's environmental, social and governance (ESG) executive director and chief risk officer Arvind Bodhankar said “As a cement producer, we are attached to people’s happiness by gluing thousands of dreams into reality. We therefore strive to give our customers only the best building materials with the lowest environmental impact. In addition, we also intend to drive a net-zero emissions reality with a strategy that’s aligned with our business philosophy, Clean and Green is Profitable and Sustainable.”

Published in Global Cement News
Read more...

Fauji Cement doubles sales and profit in 2022 financial year

21 September 2022

Pakistan: Fauji Cement recorded sales of US$226m during its 2022 financial year, more than double its US$101m-worth of sales recorded in its 2021 financial year. The company's net profit was US$29.6m, more than double its 2021 financial year profit of US$14.5m. Fauji Cement's cost of sales also more than doubled to US$166m from US$75.8m.

Published in Global Cement News
Read more...

Philcement takes US$1.73m loan for Mariveles cement terminal expansion

21 September 2022

Philippines: Phinma Corporation subsidiary Philcement has taken a US$1.73m loan for an expansion and upgrades to its Mariveles cement terminal in Bataan. The Manila Times newspaper has reported that the company secured the loan using the proceeds from its bond issuance earlier in September 2022.

Published in Global Cement News
Read more...

Adani Group to invest US$3.13bn in Tajpur port

21 September 2022

India: Adani Group has received a letter of intent from the West Bengal government for the establishment of a new deep-sea port in the state for US$3.13bn. Adani Group won an auction to build the port at Tajpur in the district of Purba Medinipur. The project also includes the construction of an 18km-long shipping channel. The facilities will be able to serve vessels with a deadweight tonnage. The port will connect an upcoming industrial and economic corridor between Raghunathpur and Dankuni, with global trade.

Published in Global Cement News
Read more...

IPIAC wins contract to upgrade Cimangola plant to use limestone calcined clay

21 September 2022

Angola: Portugal-based IPIAC has won a contract to upgrade the Cimangola plant in Luanda region to use Limestone Calcined Clay (LC3). The project will be the first in the world to convert an existing clinker production line into a clay calciner. Switzerland-based Ecosolutions conducted a study of raw materials and sustainability issues prior to the signing of the contract. The project will be coordinated and supervised by Portugal-based Techbelt. Once completed the plant will produce 0.3Mt/yr of calcined clay, which can be used to manufacture up to 1Mt/yr of LC3 cement.

Published in Global Cement News
Read more...
  • Start
  • Prev
  • 1
  • 2
  • 3
  • Next
  • End
Page 1 of 3
AI Modules - The Kima Process
Loesche - Innovative Engineering
Airscape - The new sealing standard for transfer points in conveying systems
Acquisition Cemex China CO2 concrete coronavirus Export France Germany Government grinding plant HeidelbergCement Holcim Import India Lafarge LafargeHolcim Mexico Nigeria Pakistan Plant Product Production Results Russia Sales Sustainability UK Upgrade US
« February 2023 »
Mon Tue Wed Thu Fri Sat Sun
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28          



Sign up for FREE to Global Cement Weekly
Global Cement LinkedIn
Global Cement Facebook
Global Cement Twitter
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Members
  • Live
  • Login
  • Advertise
  • Knowledge Base
  • Alternative Fuels
  • Services
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Register
  • Trial subscription
  • Contact
  • Conferences & Webinars >>
  • Global Ash
  • Global CemBoards
  • Global CemCCUS
  • Global CemEnergy
  • Global CemFuels
  • Global CemPower
  • Global CemProcess
  • Global CemProducer
  • Global Cement Quality Control
  • Global CemTrans
  • Global ConChems
  • Global Concrete
  • Global FutureCem
  • Global Gypsum
  • Global GypSupply
  • Global Insulation
  • Global Slag
  • Global Synthetic Gypsum
  • Global Well Cem
  • African Cement
  • Asian Cement
  • American Cement
  • European Cement
  • Middle Eastern Cement
  • Magazine >>
  • Latest issue
  • Articles
  • Editorial programme
  • Contributors
  • Link
  • Awards
  • Back issues
  • Subscribe
  • Photography
  • Register for free copies
  • The Last Word
  • Websites >>
  • Global Gypsum
  • Global Slag
  • Global CemFuels
  • Global Concrete
  • Global Insulation
  • Pro Global Media
  • PRoIDS Online
  • Social >>
  • LinkedIn
  • Facebook
  • Twitter

© 2023 Pro Global Media Ltd. All rights reserved.