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Displaying items by tag: Investment
France: Despite a 12% year-on-year increase in consolidated sales to Euro1.75bn from Euro1.56bn, Vicat recorded a net income drop of 17% to Euro77.8m from Euro93.5m in the first half of 2022. The group attributed the decline to increased global energy costs and to non-recurring industrial costs in France, India and the US. These costs included investments in exceptional maintenance at its Montalieu cement plant in France and a debottlenecking capacity expansion at its Kalburgi, India, cement plant. Geopolitical events also impacted the profitability of the producer’s business in Mali. Group cement sales rose by 17% year-on-year to Euro1.1bn.
Chair and chief executive officer Guy Sidos said “The basis for comparison in the first six months of 2022 was unfavourably high given the sales and profitability levels achieved in the same period of the previous year.”
Philippines: Cemex subsidiary Solid Cement is installing a new US$356m, 1.5Mt/yr line at its Antipolo cement plant. When operational in April 2024, the line will increase the plant’s capacity by 79% to 3.4Mt/yr. Over the first four months of the project since March 2022, Solid Cement invested US$197m in silos and mechanical installation. The new 1.5Mt/yr line will use Low Temperature Clinker technology to reduce its CO2 emissions, and will also recycle waste hot gases for raw materials drying.
Solid Cement is building the plant using 6000t of its own Vertua reduced-CO2 cement, which it says will further reduce its net carbon footprint by 564t.
Philippines president and CEO Luis Franco said “We will maintain our active role in supporting the development of this nation, as we have done in the past 25 years.”
US: Vicat subsidiary National Cement Company of Alabama inaugurated its new US$300m production line at its Ragland cement plant on 21 July 2022. Local press has reported that the line includes a new rotary kiln, equipped for alternative fuel (AF) use.
President Spencer Weitman said “This puts us into the next 40 or 50 years. And it’s prolonged the life of the plant to move us forward into the next century hopefully.”
Lafarge Canada secures government funding for Exshaw cement plant carbon capture installation
21 July 2022Canada: The provincial government of Alberta has signed a contribution agreement for US$3.87m in funding towards Lafarge Canada’s planned carbon capture installation at its Exshaw cement plant. The cost of the system is US$20.9m. Offshore Energy News has reported that it is one of 11 carbon capture projects in the province which Alberta Minister of Energy Sonya Savage said will be operational by 2030. Ultimately, project partners plan to establish a CO2 sequestration hub and transport network connecting the capture sites of various industry partners.
Australia: Hallett Group plans to establish a slag cement grinding plant in Port Augusta, South Australia. Magnet News has reported the cost of the project as US$83.9m, towards which the producer has received US$13.4m in government funding. The plant will produce cement using South Australian ground granulated blast furnace slag (GGBFS) from Nyrstar’s Port Pirie and Liberty Primary Steel’s Whyalla steel refineries and fly ash from the site of the former Port Augusta power plant. Its operations will be 100% renewably powered. An accompanying new distribution facility at Port Adelaide will ship the cement to markets. The project will create 50 new jobs.
When the Port Augusta grinding plant becomes operational in 2023, its products will reduce regional CO2 emissions by 300,000t/yr, subsequently rising to 1Mt/yr, according to the company’s expansion plans.
Hallett Group chief executive officer Kane Salisbury said "We're talking about 1% of the entire country's 2030 [CO2 reduction] commitment, delivered through this project." Salisbury added "We're looking at turning South Australia into a global leader in manufacturing green cement."
Argentina: Holcim Argentina says that it will invest US$40m in capital expenditure in 2022. It plans to invest US$15m in its cement and concrete operations and US$15m in subsidiary Geocycle's three waste management plants, which supply alternative fuel for its cement production. Of the remainder, US$5m will go towards the construction of a new dry mortars plant in Córdoba, which the company plans to inaugurate in December 2022.
Schwenk Latvija commissions Broceni grinding plant
08 July 2022Latvia: Germany-based Christian Pfeiffer says that it has successfully commissioned the new Broceni grinding plant for Schwenk Latvija. The supplier said that the plant is able to produce cement up to a fineness of 5600 Blaine and is one of the most sustainable grinding plants in Europe.
Schwenk Latvija previously announced a planned investment of Euro34m in a new 170t/day mill and a 12,500t silo at the site of its former Broceni integrated cement plant.
Germany: Zement- und Kalkwerke Otterbein plans to invest Euro10m in upgrades to its Otterbein cement plant to increase the sustainability of cement production there. The new equipment will include a hot gas filter SCR catalytic converter system. The producer says that this will install the facility as one of the lowest-CO2 cement plants in the world. Local press has reported that, after commissioning the new system, the company plans to increase its approved substitution of biomass as fuel to 100% from 60%.
China: Xinjiang Tianshan Cement has announced plans to invest US$300m into its new materials subsidiary Chizhou CNBM New Materials. The company says that it has increased its planned investments in its Hengshan limestone mine project by 15% to US$1.58bn from US$1.37bn.
Morocco: Holcim subsidiary LafargeHolcim Maroc has released information about its 1.6Mt/yr Agadir cement plant in Souss-Massa Region. The producer invested US$299m in the plant’s construction and it has been operational since late 2021. The plant is highly automated in line with Holcim’s Plants of Tomorrow strategy. It will run off wind power from 2023, and also uses alternative fuel (AF). 200 people work at the plant.
In conjunction with its work in setting up the new cement plant, LafargeHolcim Maroc developed drinking water networks in the surrounding area, including the construction of three solar-powered water towers.