Global Cement News

Brazil: Votorantim Cimentos recorded specific CO₂ emissions per tonne of cement of 579kg/t in 2022, down by 3% year-on-year from 2021 levels and by 24% from its 1990 baseline.

The group achieved an alternative fuel (AF) thermal substitution rate of 27% in 2022, compared with 22% in 2021, marking strong progress towards its 2030 target of 53%. Meanwhile, its cement’s clinker factor fell to 74% from 75%, against a 2030 target of 68%.

Votorantim Cimentos’ global director of sustainability, institutional relations, product development, engineering and energy, Álvaro Lorenz, said “Fighting the negative effects of climate change is at the heart of our strategy and aligns with our focus on competitiveness and on creating a positive legacy for society. We continue to work to optimise our product portfolio, explore opportunities in the circular economy and develop new technologies. The improvements in our performance in 2022 reinforce our commitment and ongoing efforts to support the carbon neutral agenda.”

India: Adani Group is legally ‘paving the way’ for an eventual merger of its cement subsidiaries ACC and Ambuja Cements into Adani Cement. The Hindu BusinessLine News has reported that the merger is not likely to reach completion before April 2024.

Adani Group holds a 63% stake in Ambuja Cements, which in turn holds a 50% in ACC. Adani Group additionally holds a 6.7% direct stake in ACC.

Afghanistan: The government's Ministry of Mines and Petroleum has awarded a contract for the construction of the 1Mt/yr Shur Andam cement plant in Kandahar Province. TOLO News has reported that planned investments in the project totaled US$100m. The government said that construction will commence before April 2024. Production will begin at a 'low level,' and in the longer term the government expects to employ 5000 people at the site.

India: Adani Group says that it will raise funds for its 2028 capacity expansion plan through internal accruals. The producer plans to double its cement capacity to 140Mt/yr by 2028, and also double its sales to US$8.5bn that year. The Financial Express newspaper has reported that the group says its internal accruals will be 'sufficient' to realise its aims. The group is reportedly 'on track' to commence the first phase of the planned expansion in early-mid-2023. It has also set out a cost reduction roadmap with a view to becoming India's most profitable cement company.

Chair Gautam Adani says that he anticipates a 'multi-fold rise' in all-Indian cement consumption due to forecast high economic growth and the government's infrastructure spending plans.

Afghanistan: The Ministry of Mines and Petroleum says that it will 'soon' award contracts to carry out planned expansions of the Jabal Siraj and Samangan cement plants. Together, the projects will increase both plants' cement capacity to 1.21Mt/yr. Local press has reported that the Jabal Siraj plant project will cost US$170m and the Samangan plant project will cost US$136m.