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ACC’s earnings down on lowered demand in first quarter of 2022

20 April 2022

India: ACC’s earnings before taxation, interest, depreciation and amortisation (EBTIDA) fell by 26% year-on-year to US$83.1m in the first quarter of 2022 from US$113m in the same period in 2021. Net sales rose by 3% to US$566m from US$552m. Sales volumes of cement dropped by 3% to 7.71Mt but volumes of ready-mixed concrete grew by 5% to 0.87Mm3. The subsidiary of Ambuja Cement and Holcim said that its costs had been negatively affected by a global rise in fuel costs caused by ‘geopolitical events.’

The cement producer said that its new integrated plant at Ametha in Madhya Pradesh is scheduled to be commissioned in the fourth quarter of 2022. It commissioned an upgrade to its Tikaria grinding plant in Uttar Pradesh in February 2022. Waste heat recovery unit projects at its Jamul and Kymore plants are ‘on track’ and the board of ACC has approved the next phase of similar projects at its Chanda and Wadi plants.

Published in Global Cement News
Tagged under
  • India
  • ACC
  • Results
  • Ambuja Cements
  • Holcim
  • GCW553
  • concrete
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  • Upgrade
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Twiga Cement boosts sales in 2021

20 April 2022

Tanzania: Twiga Cement’s sales were US$194m in 2021, up by 14% year-on-year from US$170m in 2020. The subsidiary of HeidelbergCement recorded a profit for the year of US$38.1m, up by 18% from US$32.2m. During the year, the company recorded its highest ever cement and clinker production and sales volumes.

Published in Global Cement News
Tagged under
  • Tanzania
  • Twiga
  • Results
  • GCW553
  • HeidelbergCement

Holcim US’ Joppa cement plant completes Portland limestone cement transition

20 April 2022

US: Holcim US has successfully transitioned its 0.5Mt/yr Joppa, Illinois, cement plant to 100% Portland limestone cement (PLC) production. The plant will produce the company’s OneCem brand PLC. The producer says that the facility supplies cement to customers along the Mississippi from Minneapolis to the Gulf of Mexico and up the Ohio as far as Pittsburgh.

Plant manager Michel Klenk said “As a leader in our industry, it’s our responsibility to build a path for others to follow by setting the bar for product innovation and improvement. OneCem fits the bill as a low-carbon product that allows for sustained performance with lower emissions.”

Published in Global Cement News
Tagged under
  • US
  • Holcim US
  • Holcim
  • Plant
  • Portland Limestone Cement
  • Illinois
  • GCW553

Tajikistan to export 2Mt/yr of cement by 2024

20 April 2022

Tajikistan: The government plans to increase exports of cement to 2Mt/yr by 2024. Exports are expected to grow at 0.2Mt/yr from 1.5Mt in 2021. Local production capacity was estimated at 5.6Mt/yr in 2021 from 16 plants. Over 4.2Mt of cement was produced in 2021.

Published in Global Cement News
Tagged under
  • Tajikistan
  • Export
  • Government
  • GCW553
  • Production
  • Capacity

Jura Cement commissions regenerative thermal oxidation system at Wildegg plant

20 April 2022

Switzerland: Jura Cement has commissioned a regenerative thermal oxidation system at its Wildegg plant. The air pollution control system, supplied by Dürr, was installed to meet anticipated lower gas emission limits for carbon monoxide, hydrocarbons, and ammonia (NH3).

Published in Global Cement News
Tagged under
  • Switzerland
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