07 June 2022
Tokyo Cement increases sales in 2022 financial year 07 June 2022
Sri Lanka: Tokyo Cement’s sales rose by 46% year-on-year in the 2022 financial year to US$88.5m from US$60.7m. Its net loss was US$1.66m, compared to a profit of US$4.17m in the 2021 financial year. Its cost of sales increased by 35% year-on-year during the full year and by 34% year-on-year in the fourth quarter of the 2022 financial year.
Guatemala: Cemex has secured its electricity supply for its Guatemalan operations until 2027 through the signing of a renewable power purchase agreement with Enel Green Power. Enel Green Power will supply an estimated 164GWh of renewable energy under the agreement, enabling Cemex to operate one of its Guatemalan cement facilities using 100% renewable energy.
“Transitioning to renewable energy sources is an integral part of our climate action strategy,” said Cemex South, Central America and the Caribbean president Jesús González. “We remain committed to becoming a net-zero CO2 company and are taking decisive steps to achieve this goal.”
Sweden: HeidelbergCement says that it will establish a 1.8Mt/yr carbon capture and storage (CCS) plant at its Slite cement plant in Gotland. It aims to achieve full-scale capture of the plant’s CO2 emissions by 2030. In conjunction with the CCS plant project, Cementa will increase the share of biomass in the Slite plant’s fuel mix.
Chair Dominik von Achten said “Just a few days ago, we published new sustainability targets, underlining the importance of carbon capture, utilisation and storage (CCUS) as one key lever to almost halve our CO2 footprint by 2030 compared to 1990, and achieve Net Zero by 2050 at the latest.” He continued “Slite CCS is the largest CCUS project yet in our group and the cement industry, and a model for what will be achievable with CCUS also beyond 2030. As this initiative contributes considerably to the climate ambitions of Sweden, and is a unique project for us in terms of scale, we are keen to make it happen.”
Holcim Ecuador exports cement to Peru 07 June 2022
Ecuador: Holcim Ecuador has despatched its first export shipment of bulk cement to the Peruvian market. The volume of this shipment was 32,700t and it was loaded in 2t Big Bags. Holcim Ecuador says that it invested US$2.2m in establishing the infrastructure to realise this achievement.
South Korean cement truck drivers strike 07 June 2022
South Korea: A total of 8200 truck drivers have gone on strike to request higher wages and an extension of the government’s freight charge system. The Korea JoongAng Daily newspaper has reported that 50% of the country’s 2700 cement truck drivers are unionised. Under the freight charge system, drivers receive minimum monthly payments in order to tackle the problem of overloading.