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Ambuja starts first 200MW of renewable power project 13 December 2024
India: Ambuja Cements, an Adani Group company, has commissioned and started power transmission from its 200MW solar power project at Khavda, Gujarat. The remaining 806MW capacity from the country-wide project is at various stages of commissioning. 156 MW of wind power from Khavda and a further 300MW solar power plant in Rajasthan are expected to be commissioned in phases by March 2025. The remaining 350MW of solar power is expected to be commissioned by June 2025.
Ajay Kapur, Adani Group CEO - Cement Business, said the company is committed to achieve net zero emission by 2050, adding "We aim to power 60% of our total energy consumption from green power sources by the 2028 fiscal year.”
Martin Engineering opens Central Asian hub 13 December 2024
Kazakhstan: Martin Engineering has announced fresh expansion in Central Asia with a new business unit in Kazakhstan. Based in the country’s largest city and commercial centre, Almaty, in southeastern Kazakhstan, the new venture will act as a regional hub, enabling the company to bring its full range of products and services to the fast-growing mining sector across Central Asia.
The new business will be led by General Manager Oleg Glukhov, who has worked with Martin Engineering for the past seven years. He says Martin is well placed to support Kazakhstan’s leading minerals processing firms to improve operational performance and safety.
Oyak Cement to invest in RDF at Adana plant 12 December 2024
Türkiye: Oyak Cement will invest US$4.59m to increase fuel supply capacity at its Adana plant. The producer will add 180,000t/yr of processing capacity to the existing 36,000t/yr refuse-derived fuel (RDF) production capacity, raising the total to 216,000t/yr. It will also establish a biomass facility with a capacity of 180,000t/yr. The RDF will be prepared at a disposal fuel facility for use in the cement plant.
Korean cement industry hit by rising exchange rates and rail strike 12 December 2024
South Korea: The cement industry in South Korea faces rising costs due to a rising won-to-dollar exchange rate following the attempted impeachment of the president, and transportation disruptions from a railroad strike. This is likely to lead to an increase in coal import costs, according to Chosun Biz news.
The ongoing strike by the National Railroad Workers Union has disrupted cement transportation, though stockpiles in metropolitan areas have mitigated immediate effects. However, prolonged strikes could force production halts.
Kim Seung-jun, researcher at capital market company Hana Securities, said “In the fourth quarter, cement production is expected to decrease by 14% compared to the same period in 2023.”
Nigerien government cracks down on cement price cap violations 12 December 2024
Niger: The Nigerien government has closed nine commercial establishments in Niamey for 15 days for failing to comply with new cement price caps set in October 2024, with any further infringements leading to a five-year administrative closure. The decision follows traders' continued sale of cement above the capped prices despite measures to lower the cost of living, according to the Journal du Niger newspaper.
Minister of Trade and Industry Asman Seydou said “We do not tolerate any breach of the law. Nigerien consumers have the right to benefit from the prices set by the government, and we will do everything in our power to ensure that they are respected.”
The Ministry of Commerce has introduced a reinforced control system, including a hotline for reporting violations. The government has also granted tax exemptions to cement importers and producers to support domestic production.