Displaying items by tag: GCW629
Fauji Cement raises sales in 2023 financial year
06 October 2023Pakistan: Fauji Cement sold 4.9Mt of cement during Pakistan’s 2023 financial year (FY2023), which ended on 30 June 2023. This generated revenues of US$244m, up by 25% year-on-year from US$194m in FY2022. The producer’s earnings before interest, taxation, depreciation and amortisation (EBITDA) also rose, by 29% to US$72.3m from US$56.2m.
Managing director and CEO Qamar Haris Manzoor said “The transformation journey which started in 2020 on capacity enhancement, cost reduction initiatives and increasing captive green energy has now started to pay dividends, despite unpreceded economic challenges.” He continued “FY2023 has been challenging for businesses due to all-time high inflation and interest rates, which saw a drop in consumer demand, negatively affecting the industry. The cement industry saw a demand decline of 16% as construction activities decreased in both the northern and southern regions of the country. Despite the tough environment, Fauji Cement remained committed to its growth strategy, and successfully commissioned its 6500t/day expansion project at its Nizampur site.”
InterCement may sell Brazilian business
06 October 2023Brazil: InterCement has hired BTG Pactual to help explore ‘capitalisation alternatives’ as part of a proposed restructuring, possibly involving the sale of the group’s Brazilian business. Valor International News has reported that Companhia Siderúrgica Nacional (CSN) Cimentos has signalled its interest in acquiring the business, while Votorantim Cimentos may group together with other cement companies to make a bid. This would entail a division of the assets in order to conform to Brazilian competition laws.
InterCement successfully secured a postponement for payment of its outstanding bank debt in September 2023. It owes net debt of US$1.5bn up to 2027, including a senior note of US$548m due in May 2024. InterCement operates 12.2Mt/yr worth of cement capacity, and produced 8.7Mt of cement in 2022.
Lafarge Canada’s Exshaw cement plant to run on 34% solar energy
06 October 2023Canada: Lafarge Canada has engaged Canadian Utilities on a virtual power purchase agreement (VPPA) basis to supply solar energy for its Exshaw cement plant in Alberta. Under the agreement, the Exshaw cement plant will receive 100% of energy generated at the 38.5MW Empress solar power plant in Cypress County. The VPPA lasts until 2036, and covers 34% of the Exshaw plant’s energy consumption up to that time.
Lafarge Canada (West) president and CEO Brad Kohl said "We're continually assessing ways we can reduce our environmental impact while actively pursuing sustainable solutions within our operations." He concluded "Our collaboration with Atco underscores our commitment to adopting renewable energy at our plants and sites, which is key to reducing our reliance on fossil fuels."
Samsung Engineering and Svante enter memorandum of understanding for carbon capture in Asia and the Middle East
06 October 2023Asia/Middle East: South Korea-based Samsung Engineering and Canada-based Svante have signed a new memorandum of understanding (MoU). Under the MoU, the companies will collaborate on the development and deployment of carbon capture technology in cement and other industries in Asia and the Middle East.
Svante President and CEO Claude Letourneau said “Samsung Engineering’s more than 50 years of experience in the energy and industrial sectors will be invaluable as we continue to rapidly expand our operations and filter production capabilities.”
UK: Holcim subsidiary Aggregate Industries has installed Driver Status Monitoring Systems supplied by Spillard Vehicle Safety Systems in the cabins of its Cauldon cement plant truck fleet. The systems use cameras and AI software to detect signs of tiredness, as well as mobile phone use, lane deviation, not wearing a seatbelt and smoking. In the case of tiredness, this triggers an alarm which continues to sound until the vehicle comes to a stop.
Cement supply chain manager Matt Owen said “Health and safety is a massive priority for us as a company and the industry, so anything that can serve to continuously improve our approach to it is very welcome. Driver fatigue is always a potential issue across any business involved in transport and fleet, so we’re delighted to be utilising the latest technology with our partners to ensure that everyone gets safely home from work.”
Alpacem opens new headquarters
06 October 2023Austria: Alpacem inaugurated its new headquarters in Wietersdorf, Carinthia, on 6 October 2023. The project demonstrated the first construction application of the group’s reduced-CO2 CEM-II/C Portland composite cement.
Managing director Lutz Weber said “With the most modern technologies for decarbonisation and our extensive building materials expertise, we have succeeded in reducing the ecological footprint of our Alpacem headquarters to a minimum.”
Use of ground granulated blast furnace slag avoided 408Mt of CO2 emissions over 22 years in EU and UK
05 October 2023EU/UK: EUROSLAG says that the use of ground granulated blast furnace slag (GGBFS) in cement production in the EU and UK between 2000 and 2022 has generated a cumulative reduction in CO2 emissions of 408Mt. GGBFS replaced 716Mt-worth of raw materials over the period.
EUROSLAG Chair Thomas Reiche said "Resource conservation through secondary raw materials, especially in the construction sector, and lower emissions of climate-damaging CO2, are of outstanding ecological and economic importance. The use of ferrous slags makes an important contribution to this. EUROSLAG is working multilaterally to master the enormous challenges in the coming years, above all the transformation of the steel industry, through research and adjustments to national and European regulations.”
Górażdże Cement to invest Euro261m in carbon capture and waste concrete recycling at Górażdże cement plant
05 October 2023Poland: Górażdże Cement has announced an investment of Euro261m in planned sustainability upgrades to its Górażdże cement plant in Opole Voivodeship, the Polish News Bulletin newspaper has reported. The Heidelberg Materials subsidiary plans to build a carbon capture installation, a green energy source and a facility to recycle construction and demolition waste for use in its cement production.
Cemento País commissions Aguas Prietas grinding plant
05 October 2023Colombia: Cemento País has commissioned its Aguas Prietas grinding plant in Turbaco, Bolívar. The El Tiempo newspaper has reported that the plant is situated in Turbaco’s Cristalina Free Trade Zone
Cement commercial manager Carlos Espinosa Osorio said that the company opted to install cutting edge equipment. “This ensures that each type of cement meets the most rigorous quality and safety standards. Likewise, it translates into a comprehensive value proposition for clients, generating the necessary confidence in the durability and performance of their projects in the region.”
Adani Cement and UltraTech Cement may join race to acquire Heidelberg Materials’ Indian business
05 October 2023India: The Hindu newspaper has reported that Adani Cement and UltraTech Cement may submit offers for Heidelberg Materials’ Indian business. This follows the news that parent company Heidelberg Materials has reportedly entered into talks with JSW Cement over the possible sale of the business. It consists of cement plants in Andhra Pradesh, Madhya Pradesh, Karnataka and Telangana, in addition to a cement terminal and four grinding plants across India.
Global Cement reported on 4 October 2023 that Heidelberg Materials’ Indian subsidiary HeidelbergCement India had said it was ‘unaware’ of any discussions between its parent company and JSW Cement.