Ecocem opens Centre of Excellence in Paris
France: Ireland-based Ecocem has opened its new innovation centre, the Centre of Excellence, in Paris. The purpose of the facility is to help to accelerate the development of new technology for the decarbonisation of the cement and construction industries. Ecocem's innovation team will use it for industrial-scale trials in collaboration with industry and academic partners, including Paris-Saclay University and The University of Toulouse. It says that it hopes that one outcome will be the further developmentof the Ecocem reduced-CO2 product range. Breakthrough Energy Ventures provided funding towards the centre's construction.
Ecocem innovation director Laurent Frouin said “Ecocem is committed to the deep and rapid decarbonisation of the global cement industry. It is essential for the planet and future generations, and it can be achieved through innovation and technology." He added “The cement and construction industries are developing and deploying a range of emission reduction technologies – Ecocem and our new Centre of Excellence will add a further dimension to these efforts.”
NEQSOL Holding Ukraine to acquire Ivano-Frankivskcement stake
Ukraine: NEQSOL Holding Ukraine has filed an application to the Antimonopoly Committee of Ukraine (AMCU) to acquire a stake in Ivano-Frankivskcement. The group will take a loan from ‘leading international’ banks to pay for the stake.
NEQSOL Holding Ukraine manager Volodymyr Lavrenchuk, said “We are hopeful for an approval of the new deal by the AMCU so that we can welcome the high-tech enterprise Ivano-Frankivskсement into the NEQSOL Holding group of companies. We recognise the long-time outstanding results achieved by the Ivano-Frankivskсement management team and staff, who have created one of the most state-of-the-art cement plants in Europe.” He added “Our group of companies has successful experience in financing, including engagement of international financial institutions, which will help to secure the required investments for maintaining a high rate of growth of the cement plant.”
Penna Cement to launch US$207m initial public offering
India: Penna Cement has received clearance for a US$207m initial public offering (IPO). The company will offer a US$33.3m stake for sale along with the fresh issue of US$173m. The Times of India newspaper has reported that the company plans to use US$73.3m of the fresh capital to settle its debts and to invest US$14m in the construction of second line at its Krishnapatnam grinding plant Andhra Pradesh. It will invest a further US$10.7m in an upgrade to raw material and clinker grinding mills at its Talaricheruvu cement plant, also in Andhra Pradesh.
Pakistan: The government of the Punjab will charge cement producers in the state up to US$0.93/m3 for ground water used in their cement production. The Dawn newspaper has reported that the charge will depend on water availability, and be US$0.6/m3 in water secure areas, US$0.85/m3 in semi-critical areas and US$0.93/m3 in critical areas most affected by drought. The measure aims to encourage rainwater harvesting in order to preserve water tables. The charges will fall upon Maple Leaf Cement, Gharibwal Cement, Dandot Cement, Flying Cement, Askari Cement and Fauji Cement. They will remain in force until the establishment of a Punjab Water Services Regulatory Authority and its enactment of water extraction rates.
Trinidad Cement launches ECO reduced-CO2 cement production
Trinidad & Tobago: Trinidad Cement has launched production of its new reduced-CO2 cement, called ECO, at its Claxton Bay cement plant. Trinidad & Tobago Government News has reported that the company invested US$73,800 in the development of the product.
Hanson UK drivers accept pay deal
UK: 200 Hanson UK cement truck drivers have ended a one-month strike after accepting an improved pay deal. Construction Enquirer News has reported that the producer has retroactively increased drivers’ pay by 2.8% from 1 January 2021 and agreed to increase pay by a further 3.3% from 1 January 2022. Drivers’ overnight allowance will retroactively increase to Euro49.7/night from 1 October 2021, and the company has committed to a transformation of bank holiday working arrangements. Additionally, its management will share its fleet replacement programme with its drivers.
Corporación Noroeste completes Cementos Balboa acquisition
Spain: Corporación Noroeste has completed its acquisition of Cementos Balboa. The companies agreed to the deal in June 2021. Agencia EFE News has reported that the acquisition brings parent company Votorantim Cimentos’ installed cement capacity to 57.4Mt/yr globally.
Nepal Electricity Authority completes switching station for Huaxin Cement and Vaidya Group’s Rorang cement plant
Nepal: The Nepal Electricity Authority (NEA) has completed and commissioned a switching station to supply power for Huaxin Cement and Vaidya Group’s upcoming Dhading cement plant in Rorang. The Republic newspaper has reported that, when operational, the plant will receive 20MW of power via the switching station. Two transmission lines with capacities of 33kV and 11kV connect the facilities.
The US$125m Dhading cement plant awaits commissioning following the completion of its construction in August 2021.
UltraTech Cement to increase sales and profit in second quarter of 2022 financial year
India: Ratings agency Emkay Global has forecast an 11% year-on-year rise in UltraTech Cement’s second-quarter sales in the 2022 financial year to US$1.5bn from US$1.36bn. It expects the producer’s cement sales to rise by 6% in the period to 20.4Mt, and its net profit to grow by 6.4% to US$174m from US$163m.
The Economic Times newspaper has reported that Emkay Global predicted that UltraTech Cement’s costs will rise by 7% and that its earnings before interest, taxation, depreciation and amortisation per tonne of cement will fall by 5% year-on-year.
Cockburn Cement commences Kwinana grinding plant upgrade project
Australia: Cockburn Cement has begun a US$152m upgrade of its Kwinana grinding plant. Business News has reported that the project will consolidate the company’s Kwinana and Munster grinding operations at a single 1.5Mt/yr plant. The company says that this will increase its production capacity by 36% and reduce its cement’s CO2 emissions by 20%.
The company will manage operations at the plant directly. Managing director Nick Miller said "We've all seen through the Covid-19 outbreak that domestic manufacture of essential products such as cement and industrial lime becomes critically important. Reliability of supply has become a very important driver for decision makers." He added "We have turned away from a turnkey contract to a self-delivery model. Part of the self-delivery model is to access small to medium sub-contractors in the market, where we have seen better value in what is a very heated market."