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12 October 2022

Bharathi Cement commissions Coimbatore cement terminal

India: Vicat Cement subsidiary Bharathi Cement has inaugurated its 750,000t/yr Coimbatore cement terminal in Tamil Nadu. The Deccan Chronicle newspaper has reported that the terminal will serve Tamil Nadu and Kerala. The facility has dedicated container wagons and a 24-hour loading facility with end-to-end logistical automation.

Vicat India chief executive officer Anoop Kumar Saxena said "With its rapid infrastructure development and urbanisation, India proves to be a key market for our business. By investing in the new terminal we align with our commitment towards India's progress and growth. The Coimbatore terminal is Vicat India's second terminal after the Mumbai terminal, which was set up in 2018.

Published in Global Cement News
Tagged under
  • India
  • VICAT
  • Bharathi Cement
  • Inauguration
  • Terminal
  • Tamil Nadu
  • GCW578
12 October 2022

Vicat expects earnings to drop in 2022

France: Vicat has revised its full-year 2022 earnings forecast. The group now expects to record a drop in its earnings before interest, taxation, depreciation and amortisation (EBITDA). In France and Switzerland, rapidly rising energy costs have outstripped the producer's sales growth so far in 2022, while, in the US, its upgraded Ragland, Alabama, cement plant only entered production following a 'very gradual start-up' in mid-late 2022. Vicat also carried out debottlenecking work on its Kalburgi, India, cement plant during the year to date.

Vicat said that all other markets in which it operates are developing in line with the expectations detailed at the time of the publication of its first-half 2022 results in August 2022.

Published in Global Cement News
Tagged under
  • France
  • VICAT
  • Forecast
  • Results
  • GCW578
  • Switzerland
  • Energy
  • US
  • Alabama
  • Plant
  • India
12 October 2022

Science-Based Targets Initiative reviews Heidelberg Materials' emissions reduction targets

Germany: Heidelberg Materials has reaffirmed its 2030 CO2 emissions reduction targets and submitted them to the Science-Based Targets Initiative (SBTi) for review. These include a reduction in Scope 1 emissions per tonne of cementitious material of 47% between 1990 and 2030. The initiative will now ensure that the targets conform to a 1.5°C climate change scenario.

Heidelberg Materials chair Dominik von Achten said “We have been actively supporting SBTi’s efforts to develop a 1.5°C roadmap and impactful criteria for the cement industry. With the industry's most ambitious CO2 reduction targets and a steadily growing portfolio of CCUS projects, we are eager to continue leading the way.”

Published in Global Cement News
Tagged under
  • Germany
  • Science Based Targets
  • Heidelberg Materials
  • Emissions
  • target
  • GCW578
  • CO2
12 October 2022

Cemex Colombia obtains sustainable line of customer credit from BBVA

Colombia: BBVA has extended a sustainable line of credit to Cemex Colombia customers for purchases of the producer's Vertua reduced CO2 cements range. The line will enable them to extend their payment term on invoices for the products.

Portafolio News has reported that Cemex's Colombia and Peru president Alejandro Ramírez said "Within the framework of our Future in Action strategy, which seeks to develop products, solutions and processes with lower carbon emissions with the aim of becoming a company with zero CO2 emissions, we seek synergies with high-level partners such as BBVA to encourage our customers to buy products that reduce their carbon footprint, as well as to work hand in hand with our stakeholders to generate shared value.”

Published in Global Cement News
Tagged under
  • Colombia
  • Cemex Colombia
  • Cemex
  • BBVA
  • GCW578
  • retail
  • low carbon cement
12 October 2022

Holcim El Salvador to invest US$50m towards energy self-sufficiency

El Salvador: Holcim El Salvador plans to invest up to US$50m over the next three years to help it generate 70% of the energy it uses. It plans to build a 17MW solar plant and a wind farm to enable this, according to La Prensa Gráfica newspaper. The investment will also help the subsidiary of Switzerland-based Holcim to progress towards its net-zero sustainability goals. The solar project has a budget of US$19m and will be built in agreement with AES Corporation. It will be located at Holcim’s integrated El Ronco cement plant. It will supply 21% of the energy used at both the El Ronco and Maya cement plants.

The investment has also included the installation of a solid waste shredder earlier in 2022. Its official inauguration is planned for mid-November 2022. Holcim El Salvador reached a 30% alternative fuels substitution rate in October 2022.

Published in Global Cement News
Tagged under
  • El Salvador
  • Holcim El Salvador
  • Holcim
  • Solar power
  • wind farm
  • shredder
  • Plant
  • Upgrade
  • GCW578
  • Alternative Fuels
12 October 2022

Ivory Coast cement sector aiming for production capacity of 20Mt/yr by end of 2022

Ivory Coast: The local cement sector is preparing to reach a production capacity of 20Mt/yr by the end of 2022. Albert Kouatelay, director of deputy cabinet of the Ivorian Minister of Trade, Industry and Promotion of SMEs, made the comment at the launch event for LafargeHolcim Côte d'Ivoire's new white cement product, according to the Agence de Presse Africaine. The country has 13 cement plants and the latest boost is expected once a new cement unit starts operation. Domestic production capacity was reportedly 2.4Mt/yr in 2011, 12.5Mt/yr in 2019 and 17Mt/yr in 2022.

Published in Global Cement News
Tagged under
  • Ivory Coast
  • Capacity
  • GCW578
  • LafargeHolcim Ivory Coast
  • White cement
  • market
  • Holcim
12 October 2022

Zliten Cement opens plant in Libya

Libya: Zliten Cement Company, part of the Gulf Cement Group, started production at its Zliten plant in late September 2022. The Libya Herald reports that the company will market its cement products under the trademark ‘Zliten Cement Company’ according to Libyan Standard Specifications No. 340/2009 and Portland cement CEM 42.5N.

Published in Global Cement News
Tagged under
  • Libya
  • Zliten Cement
  • Plant
  • GCW578
12 October 2022

Competition body blocks Heidelberg Materials’ acquisition of majority stake in Tanga Cement

Tanzania: The Fair Competition Tribunal (FCT) has blocked an attempt by Heidelberg Materials to buy a 68% stake in Tanga Cement for around US$59m saying it was contrary to the law. The Germany-based building materials producer announced in October 2021 that it had agreed to buy Tanga Cement from South Africa-based AfriSam via various subsidiaries, according to the Citizen newspaper. The Fair Competition Commission (FCC) provisionally approved the transaction but required the buyer to keep the operations of Tanga Cement running, to continue producing and promoting the Simba Cement (Tanga Cement) brand and to keep employing the existing staff at Tanga Cement. However, Chalinze Cement Limited and the Tanzania Consumer Advocacy Society opposed the decision due to a potential reduction in market competition and successfully made an appeal to the FCT.

In a statement Tanga Cement said that Heidelberg Materials and AfriSam were, “considering how to proceed, but the FCT ruling has placed the acquisition at great risk of not being implemented.” It added that the parties were waiting for a formal ruling from the FCT and would then seek further advice on how to proceed.

Published in Global Cement News
Tagged under
  • Tanzania
  • Heidelberg Materials
  • Acquisition
  • Tanga Cement
  • Germany
  • AfriSam
  • South Africa
  • GCW578
  • Competition
  • Fair Competition Tribunal
  • Chalinze Cement
  • Simba Cement
  • Fair Competition Commission
12 October 2022

Egyptian government doubles the price of gas for cement producers

Egypt: The government has raised the price of gas to cement producers by 109% from US$5.75/one million British thermal units (BTU) to US$12/MBTU. South Valley Cement, Misr Cement Qena, Misr Beni Suef Cement, and Sinai Cement all said that the higher gas prices would not affect the cost of production because they have switched to using coal, according to the Daily news Egypt newspaper.

Published in Global Cement News
Tagged under
  • Egypt
  • Government
  • Gas
  • GCW578
  • South Valley Cement
  • Misr Cement Qena
  • Misr Beni Suef Cement
  • Sinai Cement
12 October 2022

PPC Botswana arranges supply deal with Morupule Coal Mine

Botswana: PPC Botswana says it has purchased 230,000t of coal at a value of US$45m from Morupule Coal Mine. It intends to make the investment on an annual basis going forward, according to the Voice newspaper. The subsidiary of South Africa-based PPC also plans to send some of the coal to PPC's cement plant at Slurry in northern South Africa.

Published in Global Cement News
Tagged under
  • Botswana
  • PPC Botswana
  • PPC
  • Coal
  • Morupule Coal Mine
  • Plant
  • GCW578
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