Global Cement News

Pakistan: Lucky Cement bought back more of its own shares on 17 October 2022. The total value of the purchase was US$408,000.

Lucky Cement previously bought back US$212,000-worth of shares earlier in October 2022, under the same resolution of it board from 20 September 2022.

France: Heidelberg Materials' subsidiary Ciments Calcia has laid the foundation stone for its construction of a Euro285m CO₂ emissions-reducing upgrade to its Airvault cement plant in Nouvelle-Aquitaine. Ciments Calcia first published its plans for the installation of a new 4000t/day production line to replace both existing lines at the Airvault plant in 2021, with commissioning scheduled for mid-2024.

Germany-based ThyssenKrupp secured the order to supply a 1200t/hr double-shaft hammer crusher, a longitudinal blending bed, a 370t/hr Quadropol QMR² 45/23 vertical roller mill, a 10,000t raw materials tangential blending silo, a single-string, five-stage Dopol cyclone preheater with integral calciner for alternative fuels (with the possibility of conversion to oxyfuel), a Polytrack clinker cooler, a solid recovered fuel preparation line and dedusting systems for the project.

India: During the second quarter of the 2023 financial year, Shree Cement recorded standalone sales of US$459m, up by 18% year-on-year from US$389m in the second quarter of the 2022 financial year. The figure represents a quarter-on-quarter drop of 10% from US$510m during the first quarter of the present financial year. The producer reported cost increases as a percentage of revenues to 33% for fuel and power, 7.6% for raw materials and 1.6% for inventory costs during the quarter. It said that this resulted in a 67% year-on-year drop in its standalone net profit to US$22.9m, from US$70.2m in the second quarter of the 2022 financial year.

India: Adani Group's flagship company, Adani Enterprises, has clarified that it is 'not evaluating' the possibility of acquiring Jaypee Group's cement business. Bloomberg has previously reported that Adani Enterprises was in 'advanced talks' to acquire the 10Mt/yr-capacity business for US$606m.

India: Birla Corporation won bidding for Madhya Pradesh's Marki Barka coal mines on 15 October 2022. The producer said that the asset will provide fuel security and cost optimisation for its cement operations.