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24 November 2021

ThyssenKrupp reports increased sales and earnings in 2021 financial year

Germany: ThyssenKrupp's consolidated sales rose by 18% year-on-year in its 2021 financial year to Euro34bn. Its adjusted earnings before interest and taxation (EBIT) rose to Euro796m, compared to a loss before interest and taxation of 1.76bn in the 2020 financial year. Its order intake during the year rose by 41% to Euro39.6bn.

The company's multi tracks segment, which includes cement plant production, recorded a 2% sales rise and a 34% rise in its order intake. Its plant technology segment's sales fell due to a depressed order intake in the 2020 financial year. It increased its order intake in all business areas and won its first contracts in the hydrogen market. Hydrogen is one of the division's key growth markets.

Chief executive officer Martina Merz said, “After a good two years of intensive transformation work, we can now say that the turnaround is evident. ThyssenKrupp is going in the right direction. Our performance is improving significantly, which is reflected in our figures." She continued, "We aim to benefit from this momentum in the next phase of our transformation in order to restore our businesses to profitable growth. However, enormous challenges remain, especially due to the semiconductor shortage and the uncertainties arising from the coronavirus pandemic.”

Published in Global Cement News
Tagged under
  • Germany
  • ThyssenKrupp
  • Results
  • GCW533
  • ThyssenKrupp Industrial Solutions
  • hydrogen
24 November 2021

RHI Magnesita opens new Indian research and development centre amid capacity expansion drive

India: RHI Magnesita has opened its new Indian regional research and development centre. The centre is its fifth of its kind globally, and joins existing facilities in Austria, Brazil, China and the US.

The company is in the process of implementing a refractory production capacity expansion plan worth a total of US$53.8m. The plan consists of upgrades to its Bhiwadi plant in Rajasthan, Cuttack plant in Odisha and Vizag plant in Andhra Pradesh. It has already completed US$6.72-worth of the work with a 30% expansion at the Vizag plant. The company says that the remaining upgrades consist of both the establishment of new lines and the automation of existing ones.

RHI Magnesita India managing director and chief executive officer Parmod Sagar said “The centre will help us to better understand local market needs and to react faster to customer requirements. This is a world-class facility that will work closely with our global research and development network for local raw materials development, will provide solutions support for customer’s performance improvement projects and will support local manufacturing in the three India plants.”

Published in Global Cement News
Tagged under
  • India
  • RHI Magnesita
  • Refractory
  • Research
  • GCW533
  • Rajasthan
  • Odisha
  • Andhra Pradesh
  • Upgrade
  • Plant
24 November 2021

Incheon National University team develops cement-based conductive composites for net-zero energy buildings

South Korea: Researchers at Incheon National University have discovered an optimal conductive carbon fibre volume for cement-based conductive composites for use in net-zero energy buildings. The team reported that a 1% conductive carbon fibre content facilitates maximum energy generation from the movements of occupants and the weather against floors and walls. It also enables the storage of electricity at safe voltages. The product is based on triboelectric nanogenerator (TENG) technology.

The team published its results in the journal Nano Energy in November 2021.

Published in Global Cement News
Tagged under
  • South Korea
  • Incheon National University
  • Research
  • net zero
  • construction
  • GCW533
  • Sustainability
23 November 2021

CRH publishes nine-month trading update

Ireland: CRH’s consolidated sales rose by 11% year-on-year to US$22.8bn in the first nine months of 2021, according to the group’s nine-month trading update. The company recorded earnings before interest, taxation, depreciation and amortisation (EBITDA) of US$3.9bn, up by 15% year-on-year. CRH forecast a full-year EBITDA of US$5.25bn.

CRH said that it invested US$1.4bn in new acquisitions in the first nine months of 2021. It added that there remains a strong pipeline of opportunities open to it. At the end of the third quarter of 2021, the company had completed US$800m-worth of its share buyback programme.

Chief executive officer Albert Manifold said “CRH continues to perform well, with good underlying demand and pricing progress across our key markets. Our uniquely integrated and solutions-focused business model has supported further margin expansion across our businesses, while our strong cash generation and disciplined approach to capital allocation provides further opportunities to create value for all of our stakeholders.” He added “Looking ahead to the remainder of the year, we expect to deliver another record performance for the group.”

Published in Global Cement News
Tagged under
  • Ireland
  • CRH
  • Results
  • Forecast
  • GCW533
23 November 2021

Cemex Zement appoints Orcan Energy for waste heat recovery system installation at Rüdersdorf cement plant

Germany: Cemex Zement has partnered with sustainable technology supplier Orcan Energy for the establishment of a waste heat recovery (WHR) plant at its Rüdersdorf, Brandenburg, cement plant. Orcan Energy will supply six generator modules for the installation. When commissioned in mid-2022, the WHR plant will cover part of the plant’s energy consumption. The German Federal Ministry for Economic Affairs and Energy contributed 50% of funds for the project.

Europe, Middle East, Africa & Asia regional president Sergio Menendez said “Efforts to achieve carbon neutrality at our Rüdersdorf cement plant by 2030 continue apace, and this project to install a WHR system is the latest significant milestone in our journey. It further demonstrates the value of forming expert alliances to investigate and then implement innovative technologies that will ensure the decarbonisation of our operation.”

Published in Global Cement News
Tagged under
  • Germany
  • Cemex Zement
  • Orcan Energy
  • Waste Heat Recovery
  • net zero
  • Sustainability
  • CO2
  • Energy
  • GCW533
23 November 2021

Holcim Philippines signs solar power purchase agreement with Blueleaf Energy

Philippines: Singapore-based Blueleaf Energy says that it has secured a 20-year solar power supply with Holcim Philippines. The companies have signed a power purchase agreement whereby Blueleaf Energy will finance, build and operate a total of 29MW of solar power infrastructure in Norzagaray, Bulacan, and Bacnotan, La Union. These will supply 15% of the energy requirements of Holcim Philippines’ Bulacan and La Union cement plants respectively. Construction is scheduled for completion in 2024.


Holcim Philippines president and CEO Horia Adrian said “Reducing the carbon footprint of our operations is one of our key sustainability commitments. This year, we have made great progress in this area by stepping up production of blended cements and replacing coal with alternative fuels. Shifting to renewable solar energy will help us further improve as an environment steward and a partner in building progress in the country sustainably.”

Published in Global Cement News
Tagged under
  • Philippines
  • Blueleaf Energy
  • Holcim Philippines
  • Solar power
  • Energy
  • supply contract
  • CO2
  • Sustainability
  • Alternative Fuels
  • GCW533
23 November 2021

Cemento Polpaico implements CarbonCure technology in its concrete production

Chile: Cemento Polpaico has obtained a licence for the use of Canada-based CarbonCure’s CO2 utilisation technology. The Diario Financiero newspaper has reported that the cement company plans to implement the technology in its concrete production.

Head of development and projects Matias Saenz said that Cemento Polpaico was among the first cement producers to commit to the UN’s Race to Zero decarbonisation initiative. It has also set out 20 sustainability goals to achieve before 2025. The company said that by implementing CarbonCure technology it is contributing to CarbonCure’s vision of eliminating 500Mt/yr of CO2 emissions.

Published in Global Cement News
Tagged under
  • Chile
  • Cemento Polpaico
  • CarbonCure
  • concrete
  • CO2
  • Strategy
  • target
  • GCW533
23 November 2021

Prime Cement imports 50,000t of clinker via Port of Tanga

Tanzania: Prime Cement has received a 50,000t shipment of Saudi clinker via the Port of Tanga. The Daily News newspaper has reported that the clinker will continue its journey by road to Rwanda.

Prime Cement’s business operations manager Mvayo Fabrice said "I call upon Tanzania Ports Authority to continue marketing the Port of Tanga so that we can receive more cargo and boost the regional economy and people's welfare."

Published in Global Cement News
Tagged under
  • Prime Cement
  • Tanzania
  • Rwanda
  • Saudi Arabia
  • Port
  • Shipping
  • Transport
  • Import
  • Clinker
  • GCW533
22 November 2021

Vicat presents its climate strategy

France: Vicat has reiterated its CO2 emissions reduction target of 55% between 1990 and 2030 and reaffirmed its 2050 carbon neutrality commitment. The company says that its will invest Euro800m in transitioning to lower-CO2 cement production between 2021 and 2030 in order to meet the 2030 target. It said that eight US and European cement plants with ‘limited decarbonisation standards’ currently generate 67% of its earnings before interest, taxation depreciation and amortisation (EBITDA).

Published in Global Cement News
Tagged under
  • France
  • VICAT
  • Sustainability
  • COP26
  • net zero
  • CO2
  • Investment
  • US
  • Europe
  • earnings before interest and taxation
  • target
  • GCW533
22 November 2021

Taiheiyo Cement develops new carbon fixation method with University of Tokyo

Japan: Taiheiyo Cement and the University of Tokyo have patented a carbon capture system based on a new carbon fixation method. The method passes CO2-bearing gas over 40mm granules of a hardened cementitious material at 75 - 100°C. The granules then fix the CO2 from the stream to themselves, for utilisation or storage.

Published in Global Cement News
Tagged under
  • Japan
  • Taiheiyo Cement
  • University of Tokyo
  • CO2
  • carbon capture
  • Research
  • Sustainability
  • GCW533
  • decarbonisation
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