Global Cement News

India: Adani Group subsidiary Ambuja Cements plans to invest US$722m in renewable energy projects to help decarbonise its cement production. The producer has a renewable power capacity target of 1000MW, through solar and wind projects, by the end of the 2026 financial year. The proposals include a 600MW solar power project and 150MW wind power project in Gujarat, and a 250MW solar power project in Rajasthan. The company also plans to increase its waste heat recovery (WHR) capacity to 397MW by late 2028 from 103MW at present.

Ajay Kapur, the chief executive officer of Adani Group’s cement business, said "This strategic investment reaffirms our steadfast commitment to sustainable practices. We are not just aiming for a substantial increase in green power capacity but setting the stage for a transformative shift in the cement industry. They align not only with our growth trajectory but also with the national objective of decarbonisation and greener future and this helps us become competitive and sustainable."

Adani Group announced in mid-December 2023 that it was committed to investing US$100bn in the decade to the end of 2033 towards transitioning its operations to net zero CO₂ emissions by 2050.

Mexico: Holcim Mexico has concluded a deal to set up a trial of hydrogen injection in kilns at one or more of its seven cement plants in Mexico. The producer says that the technology will optimise combustion processes and facilitate the increased substitution of alternative fuel.

China: Anhui Conch Cement has concluded a deal to acquire equipment and software supplier Conch IT Engineering outright. Reuters has reported the value of the deal as US$18m.

China: China Resources Building Materials Technology (CRBMT) subsidiary Tianyang Cement has concluded a ‘full-process intelligent cement plant’ pilot at its 2.81Mt/yr Baise cement plant in Guangxi Province. Tianyang Cement said that the pilot entailed an upgrade that has more than doubled Baise cement plant’s production volumes and reduced its CO₂ emissions per tonne of cement by 24%. Tianyang Cement says that automation has reduced the plant’s unplanned shutdowns by 56% and improved product quality.

Australia: Adbri says that the cost and timing of its on-going expansion of its Kwinana grinding plant in Western Australia remain ‘on track.’ To date, the producer has invested US$161m in the expansion, towards a projected cost of US$385-420m.

In an accompanying trading update, Adbri said that it expects its full-year earnings before interest, taxation, depreciation and amortisation (EBITDA) to be US$208 -212m in 2023, ‘moderately’ above its previous outlook. In 2022, its earnings before interest and taxation (EBIT) amounted to US$106m. The company has forecast total capital expenditure investments for 2023 of US$208-215m. It previously expected to invest US$221-235m during 2023.