Global Cement News

Uganda: Kenya-based Bamburi Cement has completed its US$84m sale of its subsidiary Hima Cement to a consortium comprising Sarrai Group and Rwimi Holding. The transaction completed in early March 2024 following regulatory and shareholder approval, according to the Business Daily newspaper. Bamburi Cement’s intention to sell Hima Cement was first announced in November 2023. Holcim held a 70% share and Cementia Holding held a 30% share in Hima Cement. Both companies have sold their full stakes to the new owners.

Italy: Cementir Holding’s sales were Euro1.69bn in 2023, down by 1.7% year-on-year from Euro1.72bn in 2022. Its operating costs were Euro1.44bn, down by 8% from Euro1.33bn. As a result, the company increased its earnings before interest, taxation, depreciation and amortisation (EBITDA) by 23% to Euro411m from Euro335m. Cement and clinker sales volumes fell by 1.6% year-on-year to 10.7Mt due to a general market slowdown, though they rose in China and Türkiye.

Chair and CEO Francesco Caltagirone said “Despite an increasingly uncertain macroeconomic scenario due to growing geopolitical tensions and more restrictive monetary conditions, in 2023 the group demonstrated significant resilience, setting new records thanks to an even more diversified geographical and product mix. The general weakness in volumes, with the exception of Türkiye and China, was balanced by the improvement in operational efficiency.”

Peru: UNACEM reported sales of US$1.69bn in 2023, up by 6.6% year-on-year, despite a ‘significant downturn’ in the construction market. Its net profit dropped by 22% to US$139m.

Business News Americas has reported that the Peruvian Cement Producers’ Association (ASOCEM) recorded 9% month-on-month growth in domestic cement consumption in January 2024. Scotiabank forecasts 5% year-on-year growth in consumption in the first quarter of 2024, and a 3.7% expansion in the construction market in the full year 2024, following an 8% contraction in full-year 2023.

Switzerland/Sweden: ABB and Sweden-based Salt X have agreed to develop Electric Arc Calcination (EAC) technology, with ABB also becoming a Salt X minority shareholder. This partnership aims to decarbonise cement production and similar industries by replacing fossil fuel-based heating with renewable energy and CO₂ capture during calcination. ABB will enhance the EAC with control and electrical systems, contributing to the technology's commercialisation.

Salt X CEO Carl-Johan Linér said "This strengthens us as a company and enables us to progress with our growth plans. With ABB and our other partners, we can significantly improve our capability to take a leading role in the electrification wave sweeping through the industrial sector.”

ABB's Global Growth Industries Business Line Manager Michael Marti said, "Our collaboration with Salt X marks a significant milestone in this journey. The technology benefits are two-fold; replacing the use of fossil fuels through renewable electricity in the calcination process and enabling cost efficient capture of the carbon emissions at the same time. It will be a highly effective way of curbing lime production emissions.”

Global: The Green Cement Technology Tracker, launched by the Global Cement and Concrete Association (GCCA) and the Leadership Group for Industry Transition (LeadIT), has expanded its scope to include calcined clay production, a significant step in cement industry decarbonisation. This tool, vital for tracking progress towards net zero emissions, initially focused on various decarbonising technologies and has now broadened to cover calcined clay kilns, which have lower energy requirements and CO₂ reduction potential.

LeadIT Head Per Andersson said “In order to empower the industry and policymakers committed to emission reductions, our goal is to provide comprehensive tracking of public announcements of investments in low-carbon cement technologies.”

GCCA’s Cement, Innovation and ESG Director Claude Loréa said “Driving down emissions requires investment in new technologies and production methods and incorporating calcined clay can contribute significantly, making it a valuable strategy for sustainable construction.”