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Sumitomo Osaka Cement raises sales in 2024 financial year

29 May 2024

Japan: Sumitomo Osaka Cement recorded sales of US$1.42bn in the 2024 financial year, up by 9% year-on-year from 2023 financial year levels. The company’s net profit was US$104m, up by 32%. Its cement sales were US$1.02bn, up by 14% year-on-year.

Japanese cement demand for the financial year totalled 34.6Mt, down by 7% year-on-year. Under its 2025 Medium-Term Management Plan, Sumitomo Osaka Cement has continued work to increase its profitability and to expand its overseas business in Australia, as well as developing new ventures in the decarbonisation field.

Published in Global Cement News
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  • Japan
  • Sumitomo Osaka Cement
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Anjani Portland Cement publishes 2024 financial year results

29 May 2024

India: Anjani Portland Cement’s consolidated sales were US$74.9m in the 2024 financial year, which ended on 31 March 2024. This corresponds to a year-on-year decline of 6% from US$80m in the 2023 financial year. Group operating expenditure rose by 4% to US$81m from US$77.4m. As such, the company recorded a loss of US$4.72m.

Published in Global Cement News
Tagged under
  • India
  • Anjani Portland Cement
  • Results
  • GCW661

Belarus Cement Group to export cement to Russia

29 May 2024

Belarus: Belarus Cement Group (BCG) will export 67,000t of cement to Russia by rail in May 2024, using its own train, which will complete 18 runs. So far, the BCG train has completed 9 runs to the Central Federal District of Russia, delivering 37,000t of cement.

The Ministry of Architecture and Construction of Belarus said "This month, the BCG has launched a fixed-route train of its own hopper wagons to deliver cement to Russia. The first train was dispatched from the Belarusian cement plant (Kostyukovichi, Mogilev Oblast) to Moscow Oblast.”

Published in Global Cement News
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  • Belarus
  • BCG
  • Russia
  • Export
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Vietnam records rise in cement production

29 May 2024

Vietnam: Vietnam has produced 75.7Mt of cement in the first five months of 2024, a rise of 1.9% year-on-year, as reported by the government-run General Statistics Office (GSO). In May 2024, cement output is projected to have reached 17.4Mt, up 7.3% year-on-year.

Published in Global Cement News
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  • Vietnam
  • Production
  • General Statistics Office
  • data
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  • GCW661

Siam Cement Group and Rondo Energy partner to build heat battery at cement plant

28 May 2024

Thailand: Siam Cement Group (SCG) has begun construction of a commercial heat battery supplied by Rondo Energy at its cement plant in Saraburi Province. It will be the first heat battery in Southeast Asia and the first heat battery deployed at a cement plant, according to the company. The project is a collaboration between Rondo Energy and SCG Cleanergy, a wholly owned subsidiary of SCG. Rondo Heat Batteries capture intermittent electricity and store energy as high temperature heat in bricks, to deliver continuous industrial heat and power on demand. This installation will convert local solar power into continuous zero-carbon heat and power for cement production.

President of Rondo Energy, Eric Trusiewicz, said "Electrification of cement production requires a large-scale and low-cost energy storage solution, as renewables are not available 24/7 but cement production needs to be."

Published in Global Cement News
Tagged under
  • Thailand
  • Siam Cement
  • Rondo Energy
  • SCG Cleanergy
  • Energy
  • Solar power
  • decarbonisation
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  • renewable energy
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