India: Orient Cement plans to invest US$215m to increase the production capacity of its 7.5Mt/yr Devapur, Telangana, cement plant to 11.5Mt/yr, according to the Hindustan Times newspaper. The company previously expanded the plant’s capacity from 3.0Mt/yr at a cost of US$290m in 2019.
India: Ramco Cements plans to invest US$80.8m in future upgrades to its cement plants before 30 March 2022. In the first quarter of the 2022 financial year, which begun on 1 April 2021, the company invested US$53.9m in upgrades. The Hindustan Times newspaper has reported that realisation of its spending plan would bring the producer’s total upgrade investments for the 2022 financial year to US$135m.
India: The board of directors of Prism Johnson will consider a proposal to raise funds through issue of secured or unsecured, rated, listed, redeemable, taxable non-convertible debentures (NCDs) on 13 August 2021. Any such issue will take place on a private placement basis.
UK: The Mineral Products Association (MPA) recorded a 1.2% quarter-on-quarter decline in the UK’s total concrete sales volumes in the second quarter of 2021. Volumes rose compared to 2020 levels, but remained lower than those in the second quarter of 2019. Mortar sales volumes recorded a 21% quarter-on-quarter rise, the sharpest since 2012. The association says that this signals the start of new housebuilding activity, as well as a ‘renewed pipeline of works’ in other sectors. It said that it expects demand for core construction materials to remain high for the remainder of 2021, into 2022, with the current construction outlook expected to drive double-digit growth in mineral products sales for the full year of 2021. The MPA anticipates the strongest contribution to come from infrastructure.
Director of Economic Affairs Aurelie Delannoy said “The surge in pent-up demand for materials in recent months, plus declining availability of haulage drivers as well as increasing costs, are causing concerns over future supply capacity, although every effort is being made to mitigate these. Despite challenging circumstances, companies supplying mineral products have on the whole continued to meet the demands, delivering record volumes along the way.”
Cemex to convert car and van fleet to hybrid and electric models in Europe, Middle East and Africa region
World: Cemex has launched the conversion of its European, Middle Eastern and African (EMEA) fleet of company cars and vans to hybrid and electric versions. The measure forms part of its Future in Action strategy towards achieving net zero CO2 emissions.
Supply chain and procurement vice president Graham Russell said “As we accelerate our journey to net zero CO2, we are committed to addressing all aspects of our CO2 emissions.” He added “Advances in technology enable us to move efficiently to a cleaner fleet with lower carbon solutions from today.”
Cemfree and CCP supply materials for prizewinning garden
UK: An installation consisting of reduced-CO2 walls made with cement-free materials has won the Royal Horticultural Society’s People’s Choice Award, the Silver judge’s award and a Young Gardener of the Year nomination at the Tatton Park Flower Show in Cheshire. DB Group subsidiary Cemfree supplied its cement-free mortar for the garden’s structure, while PPG subsidiary CCP supplied its cement-free Greenbloc concrete blocks. The installation is the first time both materials have been used in combination.
Commercial manager Adam Gittins said “Finding ways to help the construction industry tackle CO2 emissions is an important challenge.” He added “Highly visible community projects like this are helping get the word out about climate change.”
Cemex to upgrade Rockfort cement plant in Jamaica
Jamaica: Cemex plans to upgrade its integrated Rockfort plant. The project will increase the unit’s production capacity by around 0.3Mt/yr. At present it has a capacity of 2Mt/yr. The expansion will introduce new grinding additives to the manufacturing process and further enhance the production of low clinker products in the region. The upgrade is planned for the second half of 2022. Cemex operates locally through its subsidiary, Caribbean Cement.
"At Caribbean Cement Company, we reiterate our commitment to the sustainable development of Jamaica's economy. With this investment, we will create jobs and promote the local industry in the country while minimising our carbon footprint," said Jesus Gonzalez, president of Cemex South, Central America and the Caribbean.
India: Birla Corporation’s revenue rose by 42% year-on-year to US$237m in the quarter of 30 June 2021 from US$167m in the same period in 2020. Sales volumes of cement increased by 38% to 3.35Mt from 2.42Mt. However, it noted that its sales volumes were 8% lower than the same period in 2019. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 40% to US$47.6m from US$34.0m. The cement producer said, “Better management of the lockdown this year, both by the company and the [government] administration, helped mitigate the effects of restrictions imposed in the areas of operations of the company relative to last year.” It added that construction work had continued to be delayed on its new 3.9Mt/yr integrated cement plant in Mukutban, Maharashtra due to the second wave of coronavirus.
US: Summit Materials’ net revenue grew by 11% year-on-year to US$882m in the first half of 2021 from US$794m in the same period in 2020. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 27% to US$209m from US$164m. Cement business revenue increased by 10% to US$126m from US$114m. Cement and concrete sales volumes increased by 10% to 1.05Mt and by 7% to 2.16Mm3 respectively.
"These results reflect our team's commitment to operational and commercial excellence, which delivered volume growth in most lines of business and pricing growth in all lines of business. Demand fundamentals remain strong in our rural and exurban markets, while most of the state Departments of Transportation that we serve have returned to typical letting and operating conditions,” said Anne Noonan, the chief executive officer of Summit Materials.
Minister lobbies Indian government to reopen Cement Corporation of India plant in Adilabad
India: KT Rama Rao, the Industries and IT Minister, has lobbied the central government to help reopen the Cement Corporation of India (CCI) plant at Adilabad in Telangana. In a letter sent to Mahendra Nath Pandey, the Minister of Heavy Industries, Rao noted that several previous attempts had been made to reopen the unit, according to the Hindu newspaper. He added that the plant continues to hold a mining lease for 48Mt of limestone locally, has a dedicated electricity supply and has water resources. The 4Mt/yr integrated plant was originally built in 1984. Operations stopped in 1996 due to a lack of funds and the site was formerly closed in 2008.