India: Aditya Birla subsidiary UltraTech Cement recorded cement sales volumes of 30Mt during the first quarter of the 2024 financial year, which began on 1 April 2023. This corresponds to growth of 20% year-on-year from first-quarter levels in the previous financial year. The Economic Times newspaper has reported that ICICI Securities expects UltraTech Cement's earnings before interest, taxation, depreciation and amortisation (EBITDA) to fall by 3% year-on-year. Declining fuel prices are expected to have contributed to a drop in the producer's costs. Throughout the quarter, its capacity utilisation rate was 90%.

Greece/US: Titan Cement Group has made new venture capital investments in two US-based disruptive technology suppliers. The cement producer enlarged its investment in energy storage specialist Rondo Energy, which has developed the Heat Battery. The technology enables cement plants and other industrial operations to access a constant supply of electricity using captive renewable energy sources. It also invested in venture capital firm Zacua Ventures, which handles a portfolio of companies involved in developing optimisation, automation and Construction 4.0 technology, including products relevant to the cement industry.

Titan Group Chief Sustainability and Innovation Officer Leonidas Canellopoulos said “We are committed to embracing innovation and fresh perspectives. By engaging with advanced construction and green technology startups through direct and indirect investments, as well as collaborations, we intend to forge more partnerships in the sector.”

India: Prism Cement has taken delivery of a pendulum cooler supplied by Germany-based IKN at its Prism cement plant in Maharashtra. The new equipment will replace the 6.1Mt/yr plant's existing air beam technology cooler. The supplier says that this will help to improve the efficiency of waste heat recovery (WHR) processes at the plant.

US: ThyssenKrupp Polysius, a subsidiary of Germany-based thyssenkrupp, has delivered a Polysius booster mill to Mountain Cement's Laramie grinding plant in Wyoming. The Eagle Materials subsidiary will take delivery of further ancillary equipment, including material handling, process gas management and machine protection systems, throughout mid-late 2023. The supplier said that the mill will help to increase the Laramie plant's flexibility. It will also provide site services and technical support for optimisation and maintenance for two years after commissioning, also slated for 2023.

ThyssenKrupp Polysius' project manager Matthew Burchfield said "This is a very important and interesting project for ThyssenKrupp Polysius. This is the first booster mill system sold in the US and one of the first booster mills worldwide. We are tasked with a very tight engineering and supply schedule. ThyssenKrupp Polysius is working closely with Mountain Cement and its engineering teams."