Global Cement News

India: Cochin Port Trust has announced plans for expansion projects to the Port of Cochin in Kerala worth around US$420m. The Times of India has reported that the new developments are to include a cement terminal and bagging facility. Other initiatives covered by the memorandum of understandings include a hospital, an oil refinery, a petrochemical terminal and a multi-modal logistics hub. The projects are scheduled for completion by the end of 2023.

India: Visaka Industries plans to establish a US$10.8m cement boards plant at Coimabatore, Tamil Nadu. The Hindu newspaper has reported that the plant will be the company’s fourth to produce its Vnext product range of cement boards.

Joint managing director Vamsi Gaddam said that, together with a new US$6.74m roofing plant, the Coimbatore will add US$27.0m-worth of additional turnover in their first full year of operation. She added, “While the company passed through a tough phase due to Covid-19 led disruption, we managed to do well after the lockdown with volumes coming back to normality. We are adding these two plants due to the demand for our sustainable products.”

Mexico: Cemex says that it will invest US$925m in 2021 – 2023 in production capacity expansions and upgrades, as well as in other projects to improve financial margins. Chief executive officer Fernando González said at its Cemex Day 2021 business update that the group is planning a 10Mt/yr cement capacity expansion consisting of an extra 7.5Mt/yr in the Americas, 1.5Mt/yr in the Philippines and 1.0Mt/yr in Europe. It expects a total increase in 2023 full-year profit of US$520m as result of the investments. Around US$425m will be spent on the cement capacity additions and the remainder will go towards projects on urbanisation and its other business lines.

Strategic planning and business development executive vice president José González said “We focus on high-growth metropolitan areas, where our products and solutions nurture the urbanisation needs of these markets. These areas represent around 70% of the population and around 80% of the gross domestic product (GDP) of construction.”

Pakistan: Cherat Cement’s board of directors has approved plans for a US$215m integrated cement plant at Dera Ismail Khan, Khyber Pakthunkhwa. The company has already invested US$8.24m in acquiring land and leases for the plant. When commissioned in mid-2024, it will have a capacity of 11,000t/day.

Mexico: Cemex has launched a new brace of CO₂ emissions reduction targets. The group is now targeting CO₂ emissions below 475kg/t of cement and 165kg/m3 of concrete by 2030. These represent decreases of 40% and 35% respectively compared to 1990 levels. The group plans to invest US$60m/yr in efforts to meet its 2030 targets. It had previously targeted CO₂ emissions below 520kg/t of cement by 2030. It now aims to achieve the previous target by 2025. The group says it intends to reach the new targets through the use of alternative fuels with high biomass content, hydrogen injection, low temperature and low CO₂ clinker, decarbonated raw materials, optimisation of the kilns’ heat consumption and the reduction of clinker factor through the higher utilisation of blended cements in the market.

Chief executive officer Fernando Gonzalez said, “Climate action is the biggest challenge of our times, and Cemex is taking decisive action to address it. We commit to continue leading the industry in climate action.”