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UltraTech Cement expands Karur grinding plant 17 February 2025
India: UltraTech Cement has commissioned 0.6Mt/yr of new cement grinding capacity at its Karur grinding plant in Tamil Nadu. The expansion follows the commissioning of a 2.7Mt/yr greenfield grinding unit at the site in April 2024. The plant's total capacity is now 3.3Mt/yr. The additional capacity will reportedly help UltraTech to meet the rising demand for composite cement in South India and improve its blended cement ratio.
The producer's domestic grey cement capacity now stands at 167Mt/yr and its global capacity at 172Mt/yr.
Indonesian government to set cement industry emissions cap 17 February 2025
Indonesia: The Ministry of Industry will introduce mandatory emissions limits for cement producers, as well as for those in the fertiliser, paper and steel industries. Companies will be encouraged to participate in carbon emissions trading.
Apit Pria Nugra, head of the Green Industry Centre at the Ministry, said that companies could receive compensation for emissions below the limit, but that they would need to purchase carbon credits from other companies if they exceed the limit.
The government will subsequently extend the emissions trading scheme to five additional sectors.
China Resources Building Materials Technology expects 2024 profit to drop by 62 – 72% 14 February 2025
China: China Resources Building Materials Technology expects its full-year profit to have dropped by 62 – 72% year-on-year in 2024, Reuters has reported. This would correspond to a gross profit of US$579 – 786m, compared to US$2.07bn in 2023. The producer attributed the anticipated decline to ‘lower gross margins’ in its various businesses.
Sumitomo Osaka Cement reports nine-month 2025 financial year results 14 February 2025
Japan: Sumitomo Osaka Cement's sales declined by 0.8% year-on-year to US$1.09bn in the first nine months of the 2025 financial year. Nonetheless, the producer succeeded in raising its pre-tax profit, by 16%, to US$44.9m. The company forecasts full-year sales of US$1.47bn (up by 0.6%) and profit of US$54.4m (down by 2%), maintaining previous estimates.
US: Eco Material Technologies has secured a US$800m green term loan facility. The facility will mature in 2032. Eco Material Technologies will invest the funds in expansion to its supplementary cementitious materials (SCM) production capacities, to raise them to 20Mt/yr.
The company noted the oversubscription of the raise as demonstrative of high confidence in its proposition for the decarbonisation of cement and concrete.