Taiwan: Taiwan Cement Corporation has signed a memorandum of understanding (MoU) with ThyssenKrupp Polysius. Under the MoU, the partners will implement carbon capture projects aimed at capturing 100,000t/yr (10%) of Taiwan Cement Corporation’s CO₂ emissions by 2030. This will involve the development of a new generation of pure oxygen carbon capture technology in Line 1 of Taiwan Cement Corporation’s Hualien Heping cement plant. This technology aims to increase the concentration of captured CO₂ to over 90% and reduce the energy consumption of carbon capture. The Hualien Heping plant project will conclude in 2026, with the commercialisation of the technology to follow before 2030. Taiwan Cement Corporation plans to supply its own captured CO₂ to various other industries, including industrial welding, chemicals and food processing.

Taiwan Cement Corporation chair Zhang Anping said "Cement has created the civilised society we live in today, and Taiwan Cement Corporation will continue to participate in energy transformation and support the development of future civilisation. This cooperation with Polysius, a golden brand in the cement industry, is to solve the problem of greenhouse gas emissions, creating the future not only for the cement industry but for the whole world."

India: The National Company Law Tribunal has initiated a corporate insolvency resolution process for Vadraj Cement. The former cement producer defaulted on US$10.5m in debts owed to Punjab National Bank. Mint News has reported that Vadraj Cement has total debts of US$843m.

Brazil: Secil subsidiary Supremo Secil Cimentos will invest US$20.3m in an upcoming expansion of its Adrianópolis cement plant. Commencing in July 2024, the expansion will raise the plant’s clinker capacity by 10% and enable it to increase its alternative fuel (AF) substitution rate from 25 – 30% to 40%, and eventually to 50% by 2030. To date, AF use at the plant has reduced its cumulative consumption of petcoke by 100,000t.

CEO Paulo Nascentes highlighted the transformative impact of the Adrianópolis plant on its host community, with its initial investment of US$176m and a subsequent US$41.7m in previous upgrades to date. "One of the reasons why the Paraná government allowed the plant was because Adrianópolis was very neglected. The arrival of Supremo transformed the city," he said.

Brazil: Investment banking and management company BTG Pactual will start receiving ‘binding proposals’ for prospective buyers of assets belonging to InterCement before the end of February 2024, Valor Online News has reported. These will reportedly include InterCement's stake in Argentina-based Loma Negra, as well as its Brazilian business. The latter may involve an outright divestment or the enlistment of a new significant partner. Companhia Siderúrgica Nacional (CSN) previously hired Morgan Stanley for negotiations with InterCement, and China-based Huaxin Cement has reportedly showed interest in its assets. While an outright acquisition might face challenges on grounds of competition, Brazilian market leader Votorantim Cimentos is nonetheless also ‘interested’ in a partial takeover. Continuing plant closures and debt-related asset disposals also potentially further complicate any deal. On the basis of CSN’s previous US$1bn acquisition of (10.3Mt/yr-capacity) LafargeHolcim Brazil, Valor Online News has estimated the sale price of InterCement’s Brazil business as US$1.6bn.

Spain: The Spanish cement manufacturers' association, Oficemen, has signed a two-year co-operation agreement with utilities provider Enagás. Under the agreement, the pair will explore decarbonisation techniques and solutions, including the development of infrastructure for transporting captured CO₂, as well as hydrogen and oxygen. Oficemen members reduced their total CO₂ emissions by 44% between 1990 and 2022. Europa Press News has reported that Oficemen believes that carbon capture and storage (CCS) will be crucial in realising the industry’s 2050 climate neutrality goal. Oficemen became the first industrial association in Spain to publish a net zero roadmap in 2020.

US: Monarch Cement and Evergy Energy Solutions plan to build a 20MW solar project in Humboldt, Kansas. The project is scheduled to commence in early 2024, and will serve as a ‘benchmark for integrating renewable energy in business operations,’ according to the partners.

Monarch Cement president Kent Webber said “The board of directors and management of Monarch Cement are extremely excited about this win-win venture, where we are making a giant movement toward achieving our 2050 carbon neutrality goals, being socially responsible and providing a more than significant return on investment to our shareholders." He added "Evergy Energy Solutions has done an incredible job of leading and providing solutions at every obstacle. We couldn't be happier with Evergy Energy Solutions’ performance, professionalism and command of the subject."

Vietnam: Financial management company SSI Securities Corporation says that it expects Vietnam’s cement consumption to ‘bottom out’ in the first quarter of 2024, before recovering ‘gradually’ throughout the rest of the year. Việt Nam News has reported that the anticipated recovery is the outcome of intensified investments in infrastructure by the Vietnamese government, beginning in late 2023. The cement sector also anticipates growing demand from export markets, including Australia, the US, Africa and South and Central America, as it lowers its reliance on exporting to China. Challenges persist in the form of protective measures or stricter standards in other markets, including the Philippines and Europe.

India: Ambuja Cements recorded sales of US$2.92bn in the first nine months of the 2024 financial year, up by 5.2% year-on-year. The company's net income was US$304m, almost double the US$154m it recorded in the corresponding period of the previous financial year.

India: Shree Cement’s sales were US$2.27bn in the first nine months of the 2024 financial year, up by 17% year-on-year from US$1.94bn in the first nine months of the previous financial year. Its net income also rose, more than doubling to US$207m from US$89.8m.

Portugal: The Portuguese Competition Authority has approved Taiwan Cement Corporation (TCC)’s outright acquisition of Cimpor. Jingshi News has reported that TCC received the approval on 1 February 2024, enabling it to proceed with its acquisition of the outstanding 60% stake in Cimpor.