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18 October 2022

Lucky Cement buys back more shares

Pakistan: Lucky Cement bought back more of its own shares on 17 October 2022. The total value of the purchase was US$408,000.

Lucky Cement previously bought back US$212,000-worth of shares earlier in October 2022, under the same resolution of it board from 20 September 2022.

Published in Global Cement News
Tagged under
  • Pakistan
  • Lucky Cement
  • Shares
  • buyback
  • GCW579
17 October 2022

Ciments Calcia commences Euro285m Airvault cement plant upgrade

France: Heidelberg Materials' subsidiary Ciments Calcia has laid the foundation stone for its construction of a Euro285m CO2 emissions-reducing upgrade to its Airvault cement plant in Nouvelle-Aquitaine. Ciments Calcia first published its plans for the installation of a new 4000t/day production line to replace both existing lines at the Airvault plant in 2021, with commissioning scheduled for mid-2024.

Germany-based ThyssenKrupp secured the order to supply a 1200t/hr double-shaft hammer crusher, a longitudinal blending bed, a 370t/hr Quadropol QMR² 45/23 vertical roller mill, a 10,000t raw materials tangential blending silo, a single-string, five-stage Dopol cyclone preheater with integral calciner for alternative fuels (with the possibility of conversion to oxyfuel), a Polytrack clinker cooler, a solid recovered fuel preparation line and dedusting systems for the project.

Published in Global Cement News
Tagged under
  • France
  • Heidelberg Materials
  • Ciments Calcia
  • Sustainability
  • CO2
  • Upgrade
  • ThyssenKrupp
  • Supplier
  • equipment
  • preheater
  • blending
  • Silo
  • cyclones
  • calciner
  • Alternative Fuels
  • cooler
  • Solid Recovered Fuel
  • dedusting
  • GCW579
17 October 2022

Shree Cement increases sales amid profit second-quarter profit drop

India: During the second quarter of the 2023 financial year, Shree Cement recorded standalone sales of US$459m, up by 18% year-on-year from US$389m in the second quarter of the 2022 financial year. The figure represents a quarter-on-quarter drop of 10% from US$510m during the first quarter of the present financial year. The producer reported cost increases as a percentage of revenues to 33% for fuel and power, 7.6% for raw materials and 1.6% for inventory costs during the quarter. It said that this resulted in a 67% year-on-year drop in its standalone net profit to US$22.9m, from US$70.2m in the second quarter of the 2022 financial year.

Published in Global Cement News
Tagged under
  • India
  • Shree Cement
  • Results
  • costs
  • Coal
  • fossil fuels
  • Energy
  • Electricity
  • Raw Materials
  • GCW579
17 October 2022

Adani Enterprises puts down Jaypee Group cement business acquisition rumours

India: Adani Group's flagship company, Adani Enterprises, has clarified that it is 'not evaluating' the possibility of acquiring Jaypee Group's cement business. Bloomberg has previously reported that Adani Enterprises was in 'advanced talks' to acquire the 10Mt/yr-capacity business for US$606m.

Published in Global Cement News
Tagged under
  • India
  • Jaiprakash Associates
  • Jaypee Group
  • Adani Group
  • Adani Cement
  • Acquisition
  • Rumour
  • GCW579
17 October 2022

Birla Corporation buys Marki Barka coal mines

India: Birla Corporation won bidding for Madhya Pradesh's Marki Barka coal mines on 15 October 2022. The producer said that the asset will provide fuel security and cost optimisation for its cement operations.

Published in Global Cement News
Tagged under
  • India
  • Birla Corporation
  • Coal
  • mine
  • auction
  • fossil fuels
  • Fuel
  • GCW579
17 October 2022

Golden Bay Cement uses 80,000t of waste in EcoSure reduced-CO2 cement production to date

New Zealand: Fletcher Building subsidiary Golden Bay Cement has co-processed 80,000t of waste in production of its EcoSure reduced-CO2 general-purpose cement at its Golden Bay, Whangarei, cement plant. The plant has achieved a coal substitution rate of 50%. It has processed various waste streams, including 3 million used tyres. EcoSure cement generates CO2 emissions of 699kg/t of product, 20% less than its imported alternatives, according to Golden Bay Cement. Fletcher building CEO Nick Traber said that this figure is 'simply our starting point.' The company's next target is to achieve a 30% CO2 reduction by 2030.

Traber said "We needed to think outside the box, or rather the cement bag to be more precise. The challenge was around what enhancements we could make to our manufacturing processes at our Golden Bay cement works in order to improve the plant's sustainability. We quickly realised that consuming used tyres and wood waste as alternative fuels was a win-win. When we started with the idea in 2015, we were aiming to replace 15% of coal with end-of-life tyres. Fast forward to 2022, and our rate of coal substitution is now at 50%, which has obviously delivered further reductions in carbon emissions, as well as helping to offset increased coal costs."

Published in Global Cement News
Tagged under
  • New Zealand
  • Golden Bay Cement
  • Waste management
  • Waste
  • Tyres
  • Alternative Fuels
  • fossil fuels
  • Coal
  • Sustainability
  • CO2
  • Emissions
  • target
  • wood
  • costs
  • GCW579
14 October 2022

Kogi State government orders closure of Dangote Cement's Obajana cement plant

Nigeria: The government of Kogi State ordered Dangote Cement to shut down its Obajana cement plant within 48 hours on 13 October 2022. Kogi State Governor Yahaya Bello also ordered the release of impounded Dangote Cement trucks across the state.

Bello thanked Kogi residents for their “resoluteness in the ownership impasse between Dangote Group and the state government.” He added, "While the state government recognises the right of the citizens to peaceful protest, as we witnessed across the state yesterday, we urge people to remain civil and law abiding and to give room for constitutionalism. Breakdown of law and order will not be in the interest of anyone."

Lorry drivers blocked the Abuja - Lokoja road in protest against the closure on 14 October 2022, according to the Advocate newspaper. Meanwhile, a gang has raided the plant, destroying property and shot firearms at the 27 employees who remained on site.

Published in Global Cement News
Tagged under
  • Dangote Cement
  • Nigeria
  • Government
  • Kogi State
  • Obajana Cement
  • Dispute
  • Protest
  • Attack
  • Trucks
  • Roads
  • Closure
  • Law
  • Shutdown
  • GCW579
14 October 2022

Titan America digitises its US cement plants

US: Titan America has successfully implemented machine learning monitoring and adjustment software systems at its cement plants at Pennsuco in Florida and Roanoke in Virginia. The producer says that the increased automation will enhance the plants' efficiency, reliability and product quality.

President and chief executive officer Bill Zarkalis said "I'm incredibly proud to mark the end-to-end digital transformation of our cement plants. A systematic process of test and learn that started several years ago has reached an important milestone.”

Published in Global Cement News
Tagged under
  • US
  • Titan America
  • digitisation
  • automation
  • Industry 40
  • Upgrade
  • software
  • monitoring
  • GCW579
14 October 2022

Philippine Tariff Commission orders new duties on imports of Vietnamese cement

Philippines: The Tariff Commission (TC) has ordered that new duties be applied to imported Vietnamese cement for a five-year period up to 2027. The Department of Trade and Industry concluded a dumping investigation into Vietnamese cement exports to the Philippines in mid-October 2022, according to the Manila Bulletin newspaper. It found that imports of ordinary Portland cement (OPC) and blended cement from Vietnam were not injurious to the domestic cement sector at present. However, it also found the threat of material injury to be 'imminent.' This is due to Vietnam's 'substantial' cement overcapacity, which may enable it to rapidly increase its exports. The conclusion provided the basis for the TC's latest order.

Any new duty will replace provisional 2.7 - 32% duties introduced in December 2021. Previously, strong competition reportedly prevented the measures from causing price rises. Commentators now predict that the TC's proposed measures will result in a rise in prices.

Published in Global Cement News
Tagged under
  • Philippines
  • Government
  • Tariff Commission
  • Department of Trade and Industry
  • Vietnam
  • trade
  • Shipping
  • Import
  • dumping
  • Duty
  • blended cement
  • market
  • costs
  • Price
  • GCW579
14 October 2022

Brazilian cement sales drop in first nine months of 2022

Brazil: Cement producers sold 47.7Mt of cement in the first nine months of 2022, down by 3% year-on-year from the same period in 2021. The Brazilian National Cement Industry Association (SNIC) has forecast a 2% year-on-year decline in full-year cement sales to 63.7Mt in 2022. The association foresees global finance-related challenges and high energy and raw materials costs during the fourth quarter of 2022. Annual cement sales previously grew by 23% to 65Mt in 2021 from 53Mt in 2019.

SNIC president Paulo Camillo Penna said “Our expectation for 2022 was to maintain the gains of this three-year period, but, unfortunately, due to high interest rates, indebtedness and cost pressure, we were not able to.”

Published in Global Cement News
Tagged under
  • Brazil
  • Sales
  • volumes
  • Raw Materials
  • Energy
  • Electricity
  • costs
  • trade
  • economy
  • interest
  • Debts
  • GCW579
  • SNIC
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