Cement industry news from Global Cement

Phinma Corp to increase cement capacity in Mindanao

Philippines: Phinma Corp is set to expand its cement business with new facilities in Mindanao, according to a spokesperson for the company. The producer will establish a cement plant in Davao, valued at US$34.7m, which will bring the company’s total capacity to 5Mt/yr once completed. The plant is currently awaiting its environmental clearance certificate.

Additionally, the Petra plant in Zamboanga del Norte has started operations, with a cement grinding capacity of 500,000t/yr.

Türkiye sees rise in cement exports to Georgia

Türkiye/Georgia: Türkiye's exports of cement products to Georgia have increased by 7% year-on-year to US$17m from January to March 2024, according to its Trade Ministry. In March 2024, exports to Georgia reached US$7.6m, representing a 4% year-on-year increase.

However, Türkiye's global cement exports from January to March 2024 fell by 7% to US$1.1bn compared to the same period in 2023. In March 2024, exports were down by 11% year-on-year to US$390m. From March 2023 to March 2024, Türkiye exported cement products worth US$4.5bn.

Ambuja Cements records growth in 2024

India: Ambuja Cements has reported a rise in revenue from operations from US$954m to US$1.07bn in the financial year ending 31 March 2024, representing a 12% year-on-year increase. Profit before tax grew by 22% to US$166m. The company recorded a loss of US$13.7m. Sales volume of cement and clinker increased by 18% year-on-year to 16.6Mt. Earnings before interest, depreciation and amortisation increased by 37% to US$203m.

JK Cement expands Panna cement plant

India: JK Cement has inaugurated a US$341m new line at its Panna cement plant in Madhya Pradesh. The new line doubles the plant's capacity from 3.3Mt/yr to 6.6Mt/yr. Press Trust of India News has reported that the line is equipped with optimised kiln systems, energy-saving technologies and a waste heat recovery plant. The expanded Panna plant will help serve ‘growing demand’ in Central India, Uttar Pradesh and Bihar.

Managing director Raghavpat Singhania said "Our new Panna plant production line is a key pillar in our comprehensive business expansion plan, propelling us towards our vision of becoming a leading player in the cement industry. This strategic expansion allows us to meet the rising demand for high-quality cement, ultimately enhancing our ability to serve our customers.”