India: UltraTech Cement has awarded Germany-based KHD Humboldt Wedag a contract relating to three new kiln lines, one new raw meal grinding plant with two KHD roller presses, and the upgrade of five existing clinker grinding plants with KHD roller presses. KHD said that the engineering and supply of equipment as well as supervisory services related to erection and commissioning, comprised a potential order volume of more than Euro30m. It added that UltraTech Cement and Humboldt Wedag India are currently negotiating with the aim of concluding a corresponding Engineering and Procurement (EP) contract package.

India: Aditya Birla subsidiary UltraTech Cement recorded a profit of US$506m in the nine-month period ending on 31 December 2020, up by 47% year-on-year from US$345m in the corresponding period of 2019. Sales fell by 4% to US$4.16bn from US$4.33bn. Third-quarter sales rose by 17% to US$1.68bn from US$1.43bn and third-quarter profit rose by 122% to US$217m from US$97m. The company said that it ended the period having reached 84% production at its newly acquired cement plants of 15Mt/yr total capacity. In the third quarter the board approved capital expenditure investments of US$747m aimed to increase cement production capacity by a further 13Mt/yr.

The company said, “Recovery from the Covid-19-led disruption of the economy has been rapid. This has been fuelled by quicker demand stabilisation, supply side restoration and greater cost efficiencies.” It added, “While UltraTech continues to closely monitor the impact of Covid-19 on its operations, its capital and financial resources remain entirely protected and its liquidity position is adequately covered. With strong rural growth, revival in manufacturing sentiment, buoyancy in the goods and services tax and tax collections, UltraTech expects demand to grow on the back of the government’s push on infrastructure projects. Given its pan-India presence, UltraTech is well-positioned to support the rising demand for cement in the country. As always, UltraTech remains committed to all its business associates and stakeholders.

Canada: Lehigh Cement and the International CCS Knowledge Centre are conducting a feasibility study looking at carbon capture and storage (CCS) at the Edmonton cement plant in Alberta. The project aims to find out whether capturing 90 – 95% of the CO2 from the plant’s flue gas is viable. Completion of the study is scheduled for the autumn of 2021.

The Lehigh CCS Feasibility Study will consider an engineering design using carbon capture technology owned by Japan-based Mitsubishi Heavy Industries Engineering (MHIENG), part of MHI Group. The KM CDR process, which is being deployed at 13 commercial plants globally, will be examined for integration with Lehigh’s plant and output specifications, such as a flue gas pretreatment system and the carbon capture and compression process.

The aims of the study are to: deliver a Class 4 cost estimate; to work with a capture technology provider (MHI Group) to perform engineering design tailored to the Lehigh plant; to manage the process and engage third parties, as necessary; to complete a detailed business case; and to develop the budget for Front End Engineering Study (FEED). The project has received US$1.4m in funding from Emissions Reduction Alberta (ERA) through its Partnership Intake Program.

India: Birla Corporation recorded a net profit of US$52.2m in the nine-month period which ended on 31 December 2020, up by 23% year-on-year from US$42.6m in the corresponding period of 2019. Sales fell by 10% to US$650m from US$724m, while earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 2% to US$141m from US$144m.

More Articles ...

Subcategories