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Eagle Cement acquisition boosts San Miguel Corporation’s first quarter 2023 sales

17 May 2023

Philippines: San Miguel Corporation’s cement sales more than tripled year-on-year to US$183m during the first quarter of 2023, from US$57.1m during the first quarter of 2022. The group’s cement business contributed 3% of consolidated sales, compared to 1% in the first quarter of 2022. Overall, group sales rose by 9% to US$6.17bn, the Philippine Daily Inquirer newspaper has reported.

San Miguel Corporation completed its acquisition of Eagle Cement in December 2022.

Published in Global Cement News
Tagged under
  • Philippines
  • Eagle Cement
  • San MIguel
  • Results
  • GCW608

Vietnam National Cement Association forecasts 13% profit drop for producers due to high energy prices in 2023

17 May 2023

Vietnam: The Vietnam National Cement Association (VNCA) expects members to record a 13% drop in their gross profit in 2023 due to a 3% rise in electricity prices. At the same time, it expects cement demand to fall due to the slowing of residential construction activity. During the first quarter of 2023, Vietnamese cement exports to China fell by 90% in value terms.

Việt Nam News has reported that electricity costs constitute 15% of operating expenses for the Vietnamese cement sector.

Published in Global Cement News
Tagged under
  • Vietnam
  • Vietnam National Cement Asociation
  • Forecast
  • GCW608
  • Export
  • China
  • Electricity

Cemex France and Ecocem to collaborate on reduced-CO2 concrete production

17 May 2023

France: Cemex France and Ecocem have signed a deal to collaborate on the development of reduced-CO2 concrete development at 10 Cemex France ready-mix concrete batching plants. The partnership will explore methods that include the use of supplementary cementitious materials in place of clinker. Cemex hopes that the collaboration will help to realise its goal of a 55% CO2 emissions reduction across its European operations by 2030.

Cemex Western Europe vice president materials and Cemex France president Michel Andre said “Cemex continues to reinforce its commitment to advancing the sustainability agenda with the announcement of this extended partnership with Ecocem. We know that if we are to achieve our global ambition of operating as a net-zero business by 2050 we must prioritise exploring innovation and new technologies with like-minded companies who share our dedication to leading the industry’s transition to a lower carbon and circular economy.”

Published in Global Cement News
Tagged under
  • France
  • Cemex
  • Cemex France
  • Ecocem
  • concrete
  • Sustainability
  • GCW608

Flender enlarges Voerde production plant

17 May 2023

Germany: Flender has officially completed construction work on an expansion at its site in Voerde with the opening of its new logistics and storage hall for the assembly of large gear units. The hall has been built on an open area on the company's premises covering almost 8000m2. The new building is part of the drive manufacturer’s investments to be able to handle the expected growth in the global wind energy business and to drive the energy transition in Europe. In addition to large components for wind power gearboxes, the logistics hall will also serve its industrial business. The company has also leased another 10,000m2 hall, directly next door to its Voerde unit, to further support its logistics.

Flender’s chief executive officer Andreas Evertz said "With the new storage areas, we are making our logistics processes sustainable and thus reducing a considerable part of the previous transport routes and the associated CO2 emissions. Components that were previously stored elsewhere can now be stored centrally and made available for assembly more quickly with optimised transport routes.”

Flender’s Voerde plant is the company’s largest in Germany with an area of 276,000m2. It employs 1500 people.

Published in Global Cement News
Tagged under
  • Germany
  • Flender
  • Plant
  • Upgrade
  • Gears
  • drives
  • GCW608

Lafarge Richmond to participate in synthetic hydrocarbons project

16 May 2023

Canada: Lafarge Canada signed a tri-partite agreement with Dimensional Energy and Svante Technologies for the construction of a synthetic hydrocarbons plant to use captured CO2 from its Richmond cement plant on 15 May 2023. The upcoming plant will convert the Richmond cement plant's 1t/day captured CO2 emissions into 1.5 barrels/day of synthetic hydrocarbons. The producer, a subsidiary of Holcim, selected this particular solution due to the lack of CO2 transport and sequestration infrastructure in the area of British Columbia where the Richmond plant is located. The project marks Phase 3 of the installation of Lafarge Canada and Svante's carbon capture project at the Richmond plant.

Holcim's Western Canada regional head of sustainability and environment, Stephanie Voysey, said "Carbon capture is an important lever in our net-zero roadmap. However, for a carbon capture project to succeed, it must be paired with permanent geologic sequestration or utilisation technology that will permanently isolate the CO2 in a specific media or product. If this pilot can be scaled to capture and use all facility emissions, it would be a first-of-its-kind project for Lafarge and advance export and global adoption of this technology.”

Published in Global Cement News
Tagged under
  • Holcim
  • Canada
  • Lafarge Canada
  • Dimensional Energy
  • Svante
  • carbon capture
  • CCUS
  • CCUS
  • net zero
  • hydrocarbons
  • GCW608
  • decarbonisation
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