India: JK Cement's consolidated income rose by 21% year-on-year to US$1.19bn in the 2023 financial year, from US$983m in the 2022 financial year, Accord Fintech News has reported. High costs caused the group's net profit to fall by 38% to US$50.7m from US$82.1m.
Premier Cement Mills to upgrade West Mukterpur plant with new vertical roller mill
Bangladesh: Premier Cement Mills plans to install a new vertical roller mill at its West Mukterpur cement plant in Munshiganj. For this purpose, it secured a US$32.7m long-term loan from state-owned Infrastructure Development Company Limited (IDCOL). The New Nation newspaper has reported that IDCOL focuses on financing projects to increase energy efficiency, alongside the development of renewable energy.
Holcim Deutschland commences carbon capture trial at Beckum cement plant
Germany: Holcim Deutschland has commenced a carbon capture trial at its 950,000t/yr Beckum cement plant in Beckum-Kollenbach, North Rhine-Westphalia. The trial will employ amine scrubbing technology to separate CO2, which it will then seek to commercialise for other industrial uses. Holcim Deutschland's partners for the project are Technische Universität Berlin and construction engineering firm thyssenkrupp Uhde. The trial also has funding from the German government.
Court allows auction of East Africa Portland Cement Company property to pay ex-staff
Kenya: A court has authorised an auction of East Africa Portland Cement Company (EAPCC)'s moveable property to proceed, in order to pay former staff. The Nation newspaper has reported that EAPCC owes the employees US$10m in unpaid wages. The court allowed the auction in favour of 60 claimants. It instructed a further 150 claimants to seek redress by other means, due to insufficient available proceeds from the sale.


