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Heidelberg Materials Northern Europe inaugurates Slemmestad cement terminal

21 November 2023

Norway: Heidelberg Materials Northern Europe inaugurated its Slemmestad cement terminal in Asker on 17 November 2023. The terminal’s equipment includes 12,000t-capacity cement silos. It cost US$13.3m to build and has a loading rate of 390t/hr.

Published in Global Cement News
Tagged under
  • Norway
  • Heidelberg Materials
  • Heidelberg Materials Northern Europe
  • Terminal
  • trade
  • Export
  • Silo
  • logistics
  • GCW635

Planned railway to support Kazakh cement exports to Kyrgyzstan

21 November 2023

Kazakhstan/Kyrgyzstan: The government of Kazakhstan’s Jambyl Region says that investors have come forward to support construction of a proposed railway between the region and Kyrgyzstan. Central Asia News has reported that a major cement plant construction project is underway in Jambyl Region. Regional governor Yerbol Karashukeyev said that Kyrgyzstan is undergoing a ‘building boom,’ including in the major market of Bishkek, 20km from the border with Jambyl Region.

Karashukeyev said “In view of the rapid development of the market in Kyrgyzstan and the production of large volumes of construction materials in Kazakhstan, it is worth developing cooperation.”

Published in Global Cement News
Tagged under
  • Kazakhstan
  • Kyrgyzstan
  • Plant
  • market
  • demand
  • Transport
  • Rail
  • construction
  • Project
  • trade
  • Government
  • GCW635

National Cement to acquire CIMERWA

20 November 2023

Rwanda: Kenya-based Devki Group subsidiary National Cement signed a deal to acquire CIMERWA from International Holdings Proprietary Limited, a subsidiary of South Africa-based PPC, and minority shareholders on 17 November 2023.

KTPress News has reported that CIMERWA’s chair, Regis Rugemanshuro, said “We look forward to welcoming National Cement as our new shareholder. We are confident that they have the financial and technical resources required to support CIMERWA’s growth and expansion in line with our vision and their ambitions in the region.”

Narendra Raval, chair of Devki Group, said “We are committed to a long-term strategic partnership with CIMERWA. We believe in the potential for this business and its people and are excited by the opportunity to support infrastructure development in the region in line with our strategic expansion ambitions.”

Published in Global Cement News
Tagged under
  • PPC
  • International Holdings Proprietary Limited
  • Cimerwa Cement
  • National Cement
  • Devki Group
  • Acquisition
  • Rwanda
  • Deal
  • GCW635

PPC raises first-half sales and earnings in 2024 financial year

20 November 2023

South Africa: PPC recorded consolidated sales of US$335m during the first half of the 2024 financial year, up by 21% year-on-year from US$277m during the first half of the 2023 financial year. Meanwhile, its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 47%, to US$58.1m from US$39.6m. The group increased its cement sales volumes by 4%, and currency effects further helped to offset a 16% rise in its cost of sales. Cement volumes fell in South Africa, however PPC noted a locally ‘resilient performance’ despite a challenging market there and in Botswana, a ‘strong recovery’ in Zimbabwe and a ‘continued positive trajectory’ in Rwanda, via its subsidiary CIMERWA.

PPC said “The key focus for PPC will remain on its southern Africa businesses, including South Africa, Botswana and Zimbabwe. This includes continuing to improve its profitability and enhance returns through further operational efficiencies and cost containment measures. Without a significant increase in infrastructure spending and South African gross domestic product, South Africa's cement demand is expected to remain subdued and sustainability is therefore dependent on both capital discipline and margin management. Notwithstanding, PPC South Africa remains well positioned to benefit from an increase in cement demand, with additional capacity readily available to capture an upswing in demand without significant additional capital expenditure being required.”

Published in Global Cement News
Tagged under
  • South Africa
  • PPC
  • Results
  • Botswana
  • Zimbabwe
  • Rwanda
  • growth
  • currency
  • Cimerwa Cement
  • Investment
  • market
  • demand
  • Outlook
  • Strategy
  • Divestments
  • GCW635

Filinvest-ENGIE Renewable Energy Enterprise to build solar power plant at Cemex Philippines’ Cebu cement plant

20 November 2023

Philippines: Filinvest-ENGIE Renewable Energy Enterprise (FREE) has won a contract with Cemex Philippines for the construction of a 10.1MW solar power plant. The Business Mirror newspaper has reported that the plant is comprised of a ground-mounted array of solar panels at Cemex Philippines’ Apo cement plant in Cebu. The solar power plant will eliminate 10,000t/yr of CO2 from the Cebu cement plant’s emissions. Additionally, the producer has signed a memorandum of understanding (MoU) with FREE for future collaborations on renewable energy and efficiency-increasing projects around the nearby city of Naga.

Cemex Philippines president and CEO Luis Franco said “This solar energy partnership is another milestone under Cemex’s Future in Action programme, as we progress closer to our goal of reducing Scope 2 CO2 emissions to less than 24kg/t of cementitious product by 2030.” He added “We are proud to partner with FREE, a company that shares our vision to address climate change through sustainable projects. This is a win not only for Cemex, but also for the planet as we take concrete steps in making renewable energy the future of the industry.”

Published in Global Cement News
Tagged under
  • Philippines
  • Cemex
  • Cemex Philippines
  • FilinvestENGIE Renewable Energy Enterprise
  • Solar power
  • renewable energy
  • CO2
  • Sustainability
  • Electricity
  • efficiency
  • Memorandum of Understanding
  • agreement
  • Partnership
  • target
  • Strategy
  • Scope 2
  • GCW635
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