Global Cement Newsletter

Issue: GCW616 / 12 July 2023

Headlines


The close of the first half of 2023 brought the latest crop of seasonal cement data from the Vietnam National Cement Association (VNCA). Vietnam sold 61.4Mt of cement and clinker during the first half of 2023, up by 2.7% year-on-year.1 Graph 1 (below) tracks the progress of full-year Vietnamese cement and clinker sales over the six years up to 2022, as well as the most recent half-year.

Graph 1 - Vietnamese annual cement production, January 2017 – June 2023


Graph  1 - Vietnamese annual cement production, January 2017 – June 2023

The first half of 2023 marks the first half-year in which lockdown restrictions have been absent in both Vietnam and its main export market, China, since the start of the Covid-19 outbreak.2 Vietnam was especially hard-hit: it implemented the first lockdown outside of China in March 2020, and has recorded the 13th most Covid-19 cases of any country up to July 2023. Then, the Russian invasion of Ukraine in 2022 caused uncertainties for cement producers and importers all around the world. Yet the price of imported coal across Southeast Asia had returned to pre-war levels by the end of June 2023.3 This indicates that the first half of 2023 may represent a ‘typical’ first half for the Vietnamese cement industry, for the first time this decade. During the 2010s, this meant growth margins of over 10% year-on-year.

During the first half of 2023, Vietnam’s sales volumes grew by 30% from pre-Covid-19 levels of 47.1Mt in the first half of 2019, confirming the industry trend of rapid capacity expansion. Just in the course of the half year, Vietnam’s integrated cement capacity rose by 7.9% to 123Mt/yr.4 It previously rose by 6.9% year-on-year to 114Mt/yr in 2022. That year, first-half cement sales also grew by 6.9% year-on-year, to 59.8Mt from 55.9Mt. In the first half of 2023, capacity growth has outstripped the country’s sales growth, of 2.7% year-on-year.

Meanwhile, Vietnam exported 15.7Mt of cement and clinker in the first half of 2023, 26% of its total despatches.5 This corresponds to a decline of 31% year-on-year from 22.7Mt (38% of despatches) in the first half of 2022 and a rise of 0.5% from pre-Covid-19 levels of 15.6Mt (33%) in the first half of 2019.

Chinese construction is the lynchpin in the Vietnamese cement industry’s current growth model. Over successive Five-Year Plans, it has consumed increasing volumes of clinker from Vietnam, as well as cement, at diminishing prices. This strategy overreached itself in the first quarter of 2023, more than a year into an on-going Chinese property market slump, when the value of Vietnam’s cement and clinker exports to the country fell by 95% year-on-year, to US$11.4m.6

By lowering prices, Vietnam’s cement sector charts a careful course within the contested waters of global trade rules, but it has run aground before. Most recently, from the start of 2023, the Philippines attached tariffs of up to 28% (and up to 55% for blended cement) to Vietnamese cement from 11 different producers.7 The Philippines Tariff Commission had found that ‘dumped’ cement from Vietnam – constituting over 50% of cement imports over the 18 months up to the end of 2020 – threatened the domestic industry. The failure to diversify its markets is a further sign that Vietnam’s current positioning in the cement and clinker trade is, at best, medium-term.

From October 2023, cement entering the European Union (EU) will become subject to extra taxes under the carbon border adjustment mechanism (CBAM).8 The EU is a relatively small trade partner for Vietnam, but the longer-term effect of this policy will be to replicate itself in the statute books of other nations and trade blocs, beginning in the Global North. With forecast lignite imports of 70 – 75Mt to Vietnam in 2023 – 2026, opportunities for cement exports from Vietnam, and countries like it, are diminishing.

The best situation for Vietnam would be accelerated growth in its domestic consumption base. The government is attempting to trigger a construction boom with its 2023 budget, which includes US$5bn in residential construction funding. Meanwhile, full-year infrastructure spending will rise by 25% year-on-year.9 To this end, it also needs to keep the cement price low. From 1 January 2023, Vietnamese exporters paid a tax of 10% of value on shipments of cement and clinker, instead of the previous 5% rate. If successful, this will nourish booming consumption with booming, and cheap, supply. Vietnam is grafting its Chinese model back onto the domestic market.

Producers will keep exporting. In May 2023, Nghi Son Cement Corporation despatched a first shipment of 31,500t of cement to the US. Nghi Son Cement Corporation’s cement, produced with fly ash, is clearly considered by the company and its owners to have some long-term marketability in the US. Said owners include Japan-based Taiheiyo Cement, which produces cement in the US via its CalPortland subsidiary.

In Vietnam, the cement industry has undergone a period of unparalleled growth, fuelled by exports. It can now reinvest the proceeds in establishing a self-sufficient construction sector around an ever more sustainable cement industry, ready to become the first choice across new markets as they arise in Southeast Asia and beyond.

1. Global Cement, 'Vietnam's first-half cement production declines in 2023,' 29 June 2023, https://www.globalcement.com/news/item/15941-vietnam-s-first-half-cement-production-declines-in-2023

2. The Observer, ‘‘It was all for nothing’: Chinese count cost of Xi’s snap decision to let Covid rip,’ 29 January 2023, https://www.theguardian.com/world/2023/jan/29/chinese-cost-covid-xi-lockdowns-china

3. Reuters, ‘Column: Asia thermal coal prices get the blues from Europe and LNG,’ 20 June 2023, https://www.reuters.com/markets/commodities/asia-thermal-coal-prices-get-blues-europe-lng-russell-2023-06-20/

4. Việt Nam News, ‘Record input costs thwart cement groups,’ 12 July 2023, https://global.factiva.com/ha/default.aspx?mod=SavedSearch_SelectSearch&page_driver=SavedSearch_SelectSearch#./!?&_suid=168119771197707004455190223307

5. Việt Nam News, ‘Industry: Vietnam’s Cement, Clinker Exports +82.2% y/y to $116M in Jun: GSO,’ 4 July 2023, https://global.factiva.com/ha/default.aspx?page_driver=searchBuilder_Search#./!?&_suid=168908188871006418595282713178

6. Vietnam Investment Review, ‘A strenuous year ahead in cement,’ 9 May 2023, https://vir.com.vn/a-strenuous-year-ahead-in-cement-101707.html

7. Global Cement, 'Philippines Department of Trade and Industry to impose anti-dumping duties on cement from Vietnam,' 22 December 2022, https://www.globalcement.com/news/item/15084-philippines-department-of-trade-and-industry-to-impose-anti-dumping-duties-on-cement-from-vietnam

8. Global Cement, 'Too taxing? How the CBAM affects cement exporters to the EU,’ 29 June 2022, https://www.globalcement.com/news/item/14316-too-taxing-how-the-cbam-affects-cement-exporters-to-the-eu

9. Customs News, ‘Cement enterprises expect a "brighter" second half of 2023
https://english.haiquanonline.com.vn/cement-enterprises-expect-a-brighter-second-half-of-2023-25368.html


Indonesia: Semen Tonasa has appointed Asruddin Leo as its president director following a shareholders meeting. He succeeds Mufti Arimurti in the post, who resigned in May 2023, according to Rakyat Sulsel.

Asruddin has worked for Semen Indonesia and its subsidiaries, including Semen Tonasa, since 2011. He previously worked in finance roles at Semen Tonasa, before becoming the Head of Finance and then the chief executive officer at Thang Long Cement in Vietnam. He has also worked as the vice president for Financial Policy and Excellence at Semen Indonesia. He holds an undergraduate degree in accounting and a master’s degree in strategic management from the Hasanuddin University in Makassar, South Sulawesi.


Saudi Arabia: Yanbu Cement has appointed Fahd bin Sulaiman Al-Rajhi as its chair following an ordinary general assembly. Mohammed bin Abdullah Al-Khereiji has also appointed as vice chair and Nabil bin Mohammed Baghdadi as secretary to the board of directors. The term of each position will last for three years, to late June 2026.


Vietnam: The People’s Committee of Hoa Binh Province authorised Xuan Khiem Group to begin building its Xuan Son cement plant earlier in July 2023. Việt Nam News has reported that the upcoming plant will commence operations in late 2024, and will have a capacity of 2.3Mt/yr.


Kazakhstan: Steppe Cement sold 749,000t of cement during the first half of 2023, down by 11% year-on-year from 837,000t in the first half of 2022. The value of sales fell by 13% to US$38.5m from US$44.4m.


Australia: Korea Hydro & Nuclear Power has concluded a memorandum of understanding (MoU) with Hallett Group and renewable energy consultancy Elecseed. Business Korea Daily News has reported that the signatories will collaborate on Hallett Group’s Green Cement Transformation project. The project aims to reduce CO2 emissions by 300,000t/yr, and eventually by 1Mt/yr, by producing reduced-CO2 cement from three industrial waste streams. It will also use green hydrogen. The US$83.6m project has US$13m-worth of funding from the government.

Additionally, the partners say that they will seek to foster a ‘globally competitive hydrogen export industry.’


Ghana: The Bureau of National Investigations (BNI) and the Ghana Revenue Authority (GRA) have arrested managers of Wan Heng Ghana. The Business and Financial Times newspaper has reported that the cement producer is suspected of neglecting to pay US$43.1m in tax. An investigation showed that the company received sufficient imported clinker to produce US$120m-worth of cement between 2018 and 2021, yet declared only US$19.6m-worth of sales. Management then reportedly refused to cooperate with further investigations, leading to the arrests. Wan Heng Ghana produces Sol brand cement.

The Chamber of Cement Manufacturers Ghana (COCMAG) affirmed its commitment to ensuring fair competition and ethical practices within the cement industry. It represents cement producers in the country, including Wan Heng Ghana.


Vietnam: Tan Quang Cement says that it fell short of its first-half 2023 cement production target by 80,000t at it 800,000t/yr Trang Da cement plant in Tuyen Quang. The plant will ‘presently’ enter a shutdown period for maintenance. Việt Nam News has reported that the producer attributed the shortfall in production to low demand, amid general national overcapacity.


Portugal: Cimpor Portugal has signed a contract with Germany-based KHD Humboldt Wedag (KHD) for an upgrade to production line 7 at its Alhandra cement plant. The project is intended to increase the production capacity at the plant to 3600t/day from 3000t/day and increase the line’s alternative fuels thermal substitution rate to over 80%. It will also be the first installation of KHD’s Pyrorotor alternative fuel combustion reactor in the country.

The scope of the engineering and supply contract comprises:

  • New HKSK 224/335 preheater ID fan
  • New downcomer duct
  • New preheater with 8064/5-type HEM cyclones
  • Pyroclon R calciner with Pyrotop mixing chamber. The Pyroclon R will utilize fine refuse-derived fuel (RDF) and natural gas
  • 4m x 10m Pyrorotor alternative fuel combustion reactor
  • Pyrobox coal firing system for process start-up and operation balancing
  • Shortening of the existing kiln and installation of new kiln inlet chamber with bypass extraction
  • New kiln drive station 2 (the existing girth gear and two pinions will be reused)
  • New kiln hood and take-off of tertiary air from the cooler roof
  • New main kiln burner designed to use more than 50% alternative fuels (but will also be capable of burning natural gas, as well as liquid fossil and alternative fuels)
  • New Pyrofloor PFC²829AW cooler with a Pyrocrusher PRC 420-3ES clinker crusher.

KHD will also be supplying its KHD ProMax software product as part of the project.

Matthias Mersmann, chief technology officer at KHD, said “The decision by Cimpor Portugal to opt for KHD pyroprocessing equipment - and especially the Pyrorotor - underlines the leading market position of KHD, as well as the outstanding capability of KHD’s unique alternative fuel-processing solution.”

Project execution will be led by KHD Germany, with support from Humboldt Wedag India and the Turkish branch office of Humboldt Wedag. Commissioning of the upgraded production line is scheduled for 2025.


Norway: Capsol Technologies has been awarded a feasibility study for the CapsolEoP (end-of-pipe) carbon capture product at an unnamed cement plant in Northern Europe. The study is for a plant aiming to capture more than 1Mt/yr of CO2. The award is Capsol Technologies’ first paid engineering study on a cement plant. The company says it is seeing an increasing amount of request and sales engineering work in the cement sector and it expects more engineering studies to be awarded going forward.

Jan Kielland, the chief executive officer of Capsol Technologies, said “The fact that the CapsolEoP carbon capture technology is easy to integrate without disrupting the operations of the host plant is an attractive value proposition to these types of facilities. In addition, the emission from a cement plant has a high concentration of CO2 making it especially beneficial for the CapsolEoP technology relative to competing technologies, bringing down the cost per unit CO2 captured.”

Norway-based Capsol Technologies is promoting a solvent/scrubbing-based approach to carbon capture using hot potassium carbonate (HPC). It was awarded a technology licensing agreement for the Stockholm Exergi BEECS (Bioenergy Carbon Capture and Storage) project in July 2022. It has also received orders for its CapsolGo carbon capture demonstration unit in Sweden and Germany.


France: Heidelberg Materials has announced plans for its CIRCO₂BETON concrete recycling project. It intends to build an industrial-scale selective separation unit at its Achères quarry near Paris. Here it will recycle demolished concrete by crushing it and separating it into its components: sand, aggregates, and recycled concrete paste (RCP). The recycled sand and aggregates will be reincorporated into new concrete.

The RCP will be transported to the Ranville cement plant in the Normandy region. There, a reactor for enforced carbonation will be installed to carbonate the RCP by exposing it to CO₂-containing exhaust gases from the kiln. The carbonated RCP acts as a carbon sink and will replace clinker in new low-carbon cement types. The project has the potential to reduce the CO₂ emissions of the Ranville cement plant by 20%.

CIRCO₂BETON is supported by the ‘Investment for the Future’ Program coordinated by the Ecological Transition Agency (ADEME). In addition, the Île-de-France region supports the selective separation plant at Achères through its zero-waste and circular economy plan. Subject to the funding, construction of both industrial pilots is scheduled to start in 2024 with production of RCP starting in 2025. The carbonation reactor is planned to be operational by 2026.

Nicola Kimm, the chief sustainability officer at Heidelberg Materials, said ”We are investing in a pioneering large-scale project based on innovative process technologies. Selective separation and CO₂ mineralisation are important levers to reduce the carbon footprint of our products. By closing the materials loop, we prove that concrete has the potential to be the most sustainable building product over its entire life cycle from production to recycling.”

Read more about RCP in the Decemeber 2022 issue of Global Cement Magazine


Oman: Oman Cement recorded sales of US$95.6m during the first half of 2023, Reuters has reported. The figure corresponds to a year-on-year rise of 5.1% from US$90.9m in the first half of 2022. The producer’s net profit after tax also rose, by 31% year-on-year to US$10.9m from US$8.31m.


France: Heidelberg Materials, Lafarge France, Lhoist and utilities provider TotalEnergies launched the GO CO2 carbon capture and storage project at the port of Nantes-Saint-Nazaire on 10 July 2023. The Le Marin newspaper has reported that the Euro1.7bn project will treat and liquefy captured CO2 for underwater storage. The initial participating plants will be Lafarge France’s Saint-Pierre-la-Cour cement plant and Lhoist’s Neau lime plant.

Preliminary studies will commence later in 2023, with an investment decision to be taken in 2027, for commissioning of the project in 2030. The consortium will initially process 2.6Mt/yr of captured CO2, rising to 4Mt/yr in 2050.


China: China Resources Cement has applied to the National Association of Financial Market Institutional Investors (NAFMII) to register an issuance of notes, Reuters has reported. Under the application, China Resources Cement seeks to register an issuance of US$2.08bn in medium-term notes.


India: Ramco Cements has concluded an agreement to acquire limestone reserves in Andhra Pradesh’s Nandyal District from Prism Johnson. The Hindu newspaper has reported that Prism Johnson will transfer a mining lease for 663 hectares of land to Ramco Cements. The parties expect to conclude the transaction by the end of July 2023.

Prism Johnson had previously planned to build an integrated cement plant on the reserves, but said that this no longer suited its priorities.


India: NCL Industries produced 751,000t of cement during the first quarter of the 2024 financial year, up by 23% year-on-year from 610,000t in the first quarter of the previous financial year. Hindu BusinessLine News has reported that the company’s sales volumes also rose by 23% during the quarter, to 742,000t from 603,000t.


Peru: Cementos Inka has announced the successful commissioning of its new 800,000t/yr Pisco grinding plant. The new plant is equipped with Christian Pfeiffer grinding and separation equipment. El Comercio News has reported that the producer invested US$55m in the plant. This exceeded previous budgets by 15 - 22%, due to coronavirus-related costs rises. This latest commissioning triples Cementos Inka's installed capacity to 1.2Mt/yr. General manager Carlos Choy estimated that the producer's market share has risen to 10% from 3.9%.

Choy said that the producer's next project will be the construction of a 1 - 1.5Mt/yr kiln line to produce clinker at the site.


Argentina: Cementos Avellaneda has inaugurated its 22MW La Calera solar power plant in San Luis Province. Forbes has reported that the power plant will supply electricity to the producer's 1.1Mt/yr San Luis cement plant. As a result, operations at the plant will henceforth be 55% renewably powered. In total, the new solar power plant will eliminate 22,600t/yr-worth of CO2 emissions. Engineering company Industrias Juan F Secco supported the installation of the US$25m plant, which took 16 months to build.

Cementos Avellaneda's general director José Luis Maestri said "It was key to the success of this project to have been able to find a strategic partner such as Industrias Juan F Secco, an Argentine company with more than 80 years of history and experience in the energy sector, which provided us with all its professionalism and commitment."


Spain: Cementos El Molino plans to invest Euro3.7m in an upgrade to energy infrastructure at its 450,000t Santa Eulalia grinding plant in Aragon. Alimarket Construction News has reported that the upgrade consists of a 12MW substation and a 2.4MW solar power plant. Euro2m-worth (54%) of investments will go towards construction of the subsystem and Euro1.7m (46%) towards the solar power plant. Cementos El Molino expects to carry out the investments before the end of 2023.


Nigeria: Holcim subsidiary Lafarge Africa hosted industry professional and policy makers at an event dedicated to advancing understanding of renewable energy on 8 July 2023. The Business and Financial Times newspaper has reported that the event included a panel session entitled 'The Business of Clean Energy: Opportunities for Industries.'

Lafarge Africa chair Prince Adebode Adefioye said "It is about stimulating every part of our economy, creating incentives for investors in clean energy and for people and businesses to embrace the use of clean energy products and technologies. It allows Nigeria not only to boost its energy supply and create new high-value jobs, but also to be at the forefront of reducing carbon emissions and saving our planet. Therefore, the whole idea is to bring people together to be able to stimulate ideas, even the banks and broader financial sector, to involve them in creating innovative tech and financial products that allow us to generate and use energy more effectively and productively.”

CEO Khaled El Dokani added “Fighting climate change and making the transition towards a greener economy requires a concerted effort by industries, individuals and the government. As a leader in innovation, Lafarge will continue to collaborate with stakeholders and we expect that the discussions by a range of industry experts and public officials here present today will provide a clear view of the business of clean energy and reveal the opportunities, insights and strategic agendas for leaders in the private and public sectors to accelerate our society’s access to clean energy.”


Pakistan: Dandot Cement says that its on-going upgrade to its Lahore cement plant reached 60% completion during the fourth quarter of the 2023 financial year, which ended on 30 June 2023. The project remains scheduled for completion in July 2023. Pakistan Company News has reported that the producer has taken delivery of new equipment, completed civil construction work, handed over the site to its engineering contractor, completed 75% of mechanical erection and conducted some tests. The producer awarded a new contract for installation of remaining portions of its control systems to an Uzbekistan-based contractor. Complete sections of the project include the plant's captive solar power plant.

Dandot Cement has made total investments worth US$12.3m in the project.


Zimbabwe: Khayah Cement (formerly Lafarge Cement Zimbabwe) commissioned a new vertical roller mill at its Manresa cement plant on 6 July 2023. The Chronicle newspaper has reported that the project constituted Phase 2 of Khayah Cement's expansion to the plant.


Kyrgyzstan: Kant Cement has successfully transitioned Grinding Unit 8 of its Kant cement plant to closed cycle grinding operations. Business World News has reported that China-based CNBM Beijing Triumph carried out the work. The transition has increased the unit's production capacity by 30 - 40%.

Kant Cement's general director Pavel Dekhtyarev said "The mill previously produced 40t/hr of CEM II cement and 30t/hr of CEM I cement. Now it produces 58t/hr and 50t/hr, respectively. With this productivity, it was possible to reduce the specific energy consumption by 30% and reduce dust emissions. In addition, closed circuit grinding allows us to produce high grades of cement that could not be obtained with open circuit grinding systems."


UAE: Lafarge Emirates Cement, part of Holcim, has awarded a contract to Mitsubishi Heavy Industries Group subsidiary Turboden to supply and install a 10MW waste heat recovery (WHR) system at its Fujairah cement plant. The system relies on ENGIE Solutions' organic Rankine cycle technology. The supplier says that the installation will reduce the 3.2Mt/yr cement plant's energy-related CO2 emissions by 29,000t/yr (28%).

Turboden CEO Paolo Bertuzzi said "We are proud that Holcim Group, already our customer for three other WHR plants, has again chosen Turboden for this first project in the UAE. At COP 28, this year in the UAE, we will have the opportunity to present this energy-saving and CO2-reducing project to raise awareness in energy intensive industries."


Uzbekistan: United Cement Group (UCG) has implemented environmental social governance (ESG) standards across its Uzbek cement operations. The new standards establish transparency on the company's legal compliance, working conditions and impacts on all stakeholders.

Business World Magazine has reported that general director Serik Ukanov said "Control of emissions of harmful substances and compliance with ESG norms is carried out by each enterprise under the supervision of the holding company. Each factory of the holding has a separate 'Targets' department, which is responsible for operations, repair and maintenance, as well as the adjustment of all the dedusting installations of raw materials and grinding mills and rotary kilns. We produce monthly and quarterly emissions reports and keep statistics on the carbon footprint per tonne of cement." He continued "UCG's next big step is a multi-phase project to reduce this carbon footprint. A contract was signed with KHD Humboldt Wedag to renovate two rotary kilns."

UCG subsidiary Qizilqumsement said that it was carrying out testing at its Qizilqum cement plant in partnership with Germany-based KHD Humboldt Wedag in May 2023. The company is in the process of expanding the plant's integrated capacity by 1.8Mt/yr through the construction of its upcoming Line 4.


Japan: A team at the University of Tokyo has developed cement-free alternative concrete from ultra-fine sand and fly ash. NHK has reported that the process uses recyclable alcohols and has lower CO2 emissions compared to concrete production using ordinary Portland cement. Research with industrial partners into possible construction sector applications is underway. Partnerships with Japanese ready-mixed concrete producers are reportedly also under discussion.

Further information is available from Yuzo Tobisaka, an independent Japanese consultant in the cement and ready-mixed concrete industry, at yuzo.tobisaka@gmail.com.


Taiwan: Chia Hsin Cement recorded consolidated sales of US$20.9m during the first quarter of 2023, up by 27% year-on-year from first-quarter 2022 levels. The producer reported a net income of US$640,000, down by 75% from US$2.58m in the corresponding first quarter of 2022.


China: Asia Cement has launched its 2050 decarbonisation strategy, entitled 'Net-Zero Carbon Emissions By 2050 - Asia Cement Advanced Deployment.' The strategy consists of multiple pillars, namely 'alternative fuels,' 'reducing cement's clinker factor,' 'increasing renewable energy reliance' and 'carbon capture.'

During 2022, Asia Cement reduced its limestone, clay, iron and sand consumption by 266,000t, its coal consumption by 17,000t and its gypsum consumption by 56,000t year-on-year. This eliminated 95,100t of CO2 emissions throughout the year, according to the producer.


Uzbekistan: United Cement Group (UCG) subsidiary Kuvasaycement is building a sixth grinding unit at its Quvasoy cement plant in Fergana. Business World Magazine has reported that China-based Sinoma International Engineering will supply the equipment for the expansion, consisting of a roller press and ball mill, equipped with a separator and pre-grinder.

Kuvasaycement general director Denis Nikitin said "In recent years, we have systematically replaced outdated equipment, renewed our car fleet, installed new filters to reduce cement dust emissions and modernised cement mills in accordance with the highest requirements to which UCG adheres. The cement market in Uzbekistan is rather saturated and, in order to increase production competitiveness, we decided to commission one more cement mill to 'cover' the capacity of the existing five mills. It is also connected with additional demand for products for the construction of bridges, roads and airports. This is state-of-the-art equipment with new grinding capabilities that we have been missing."


Malaysia: Malayan Cement expects its sales of cement to remain level at 8Mt/yr throughout the 2023 and 2024 financial years. The New Straits Times newspaper has reported that the producer forecast consistent declines in its cement prices over the period. Meanwhile, it expects the price of Indonesian coal, which it imports for use as fuel, to drop to US$285/t in the 2023 financial year, then by 42% to US$165/t in the 2024 financial year and by 12% to US$145/t in the 2025 financial year.


Peru: UNACEM Peru said that it reduced its CO2 emissions per tonne of cement by 2.7% year-on-year during 2022. Throughout the year, the company reduced its electricity consumption by 3.4%. It sourced 90% of its electricity from renewable sources and met 70% of its fuel needs with natural gas. UNACEM Peru is committed to reaching carbon neutral cement production by 2050.

In terms of community engagement, the producer benefitted 76,700 people through its social infrastructure investments and 14,1000 people through its dialogue space initiatives, and provided its remote health guidance service to 3000 people.