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16 November 2022

Titan America's Pennsuco quarry wins Sentinels of Safety award

US: The National Mining Association has named Titan America's Pennsuco, Florida, quarry as winner of its Sentinels of Safety 2022 large quarry safety award. The quarry operated for 432,000 man hours without a single lost time incident during 2021.

Titan America's senior vice president Walter Reed said "The team at our Pennsuco Quarry demonstrates yet again that a fully embraced and entrenched safety culture will inevitably form the foundation for a long-term successful, sustainable, and extremely productive operation."

The 2022 award is the Pennsuco's second consecutive and eighth overall Sentinels of Safety win.

Published in Global Cement News
Tagged under
  • US
  • Titan America
  • Titan Cement
  • Award
  • Quarry
  • Florida
  • GCW583
  • health & safety
16 November 2022

UNACEM updates branding for 10th anniversary

Peru: UNACEM (Unión Andina de Cementos) has updated its branding, including its logo, for its 10th anniversary following the merger of Cemento Andino and Cementos Lima. The new logo is intended to convey its essence, origin and its commitment to union and sustainable construction, according to the Ojo newspaper. It is based around the letter ‘U’ and is also meant to be reminiscent of a quarry seen from above. The rebranding exercise is also being run at the same time as the company’s 'Co-building Peru' campaign, where it seeks to promote the message that, “...the infrastructure of a country is built with cement, a homeland is built by all of us, working together.”

Published in Global Cement News
Tagged under
  • Peru
  • UNACEM
  • Brand
  • marketing
  • GCW583
15 November 2022

Grasim Industries increases sales in first half of 2023 financial year

India: Grasim Industries recorded US$6.86bn in consolidated sales during the first half of the 2023 financial year, which ended on 30 September 2022. The figure corresponds to a 31% increase from US$5.25bn in the first half of the 2022 financial year. Cement and allied products contributed US$3.59bn in sales, up by 22% from US$2.95bn. 36% costs growth caused the producer's net profit to fall by 3.3% in the period, to US$527m from US$545m.

Published in Global Cement News
Tagged under
  • India
  • Results
  • costs
  • GCW583
  • Grasim Industries
15 November 2022

ECEBOL's Potosí plant to commence operations in early 2023

Bolivia: Empresa Publica Productiva Cementos de Bolivia (ECEBOL)'s upcoming 1.3Mt/yr Potosí cement plant is 91% completed and will commence cement production during the first quarter of 2023, according to the Bolivian government. When operational, the plant will produce up to 3000t/day of clinker and employ 2200 people directly and indirectly.

Published in Global Cement News
Tagged under
  • Bolivia
  • Empresa Publica Productiva Cementos de Bolivia
  • ECEBOL
  • Plant
  • Clinker
  • Jobs
  • GCW583
15 November 2022

Star Cement's first-half income rises as earnings drop so far in 2023 financial year

India: Star Cement generated US$156m in total income during the first half of the 2023 financial year, up by 36% year-on-year from US$114m during the first half of the 2022 financial year. The producer's net profit dropped by 16% year-on-year to US$8m from US$9.51m.

Published in Global Cement News
Tagged under
  • India
  • Star Cement
  • Results
  • Assam
  • GCW583
15 November 2022

EU Carbiow project to develop new biofuel with CO2 captured from cement production

Europe: The Carbon Negative Biofuels from Organic Waste (Carbiow) project has received EU funding under the Horizon Europe initiative. Carbiow seeks to develop a dense, dry homogenous marine and aviation biofuel by carbonising gasification ash with oxygen and captured CO2 from cement plants. 12 consortium members from the Benelux, Germany, Nordic countries, Slovenia and Spain are participating in the project.

Published in Global Cement News
Tagged under
  • European Union
  • Europe
  • Carbiow
  • Biofuel
  • carbon capture
  • funding
  • EU Horizon
  • Belgium
  • Netherlands
  • Finland
  • Germany
  • Slovenia
  • Spain
  • Sweden
  • CO2
  • oxygen
  • Ash
  • carbon negative
  • circular economy
  • GCW583
  • decarbonisation
14 November 2022

JK Cement increases income as profit drops during first half of 2023 financial year

India: JK Cement recorded US$536m in standalone income during the first half of its 2023 financial year, up by 26% year-on-year from US$427m. Throughout the period, the producer's profit after tax declined by 19%, to US$37.7m from US$46.4m. Also on a standalone basis, the company reported total expenses of US$482m, up by 31% year-on-year from US$368m. JK Cement's consolidated income rose by 23% to US$558m, while the group's expenses rose by 30% to US$509m, resulting in a 20% consolidated net profit drop to US$33.5m.

Published in Global Cement News
Tagged under
  • JK Cement
  • India
  • Results
  • costs
  • growth
  • GCW583
14 November 2022

Tokyo Cement increases sales and profit during first half of 2023 financial year

Sri Lanka: Tokyo Cement's consolidated sales rose by 34% year-on-year to US$82.8m during the first half of its 2023 financial year. Its cost of sales rose by less than 1% to US$50.8m. As such, the company recorded a profit for the period of US$10.1m, up by more than a factor of eight from first-half 2022 financial year levels.

Published in Global Cement News
Tagged under
  • Sri Lanka
  • Tokyo Cement
  • Results
  • growth
  • costs
  • GCW583
14 November 2022

Yanbu Cement participates in largest ever Saudi Arabian carbon credit sale

Saudi Arabia: Yanbu Cement was among successful bidders in Saudi Arabia's largest carbon credit auction to date earlier in November 2022. The Saudi Public Investment Fund (PIF)’s Voluntary Carbon Market Initiative Auction sold 1.4Mt-worth of carbon credits to 15 different entities, of which Yanbu Cement was the only cement sector representative. The PIF said that the sale will support the country's Saudi Vision 2030 development goal, while also advancing its progress towards net zero CO2 emissions by 2060.

Published in Global Cement News
Tagged under
  • Saudi Arabia
  • CO2
  • Sustainability
  • Yanbu Cement
  • auction
  • Emissions
  • Emissions Trading Scheme
  • Strategy
  • target
  • net zero
  • GCW583
14 November 2022

Gansu Shangfeng Cement to establish building materials digital intelligence research company

China: Gansu Shangfeng Cement has announced plans for the establishment of a new building materials digital intelligence research company. Local press has reported that the company will function as a joint venture of a Gansu Shangfeng Cement subsidiary and another company. Gansu Shangfeng Cement says that the new venture will have registered capital of US$70.3m.

Published in Global Cement News
Tagged under
  • China
  • Gansu Shangfeng Cement
  • Research
  • digitisation
  • Joint Venture
  • subsidiary
  • Industry 40
  • Investment
  • GCW583
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