13 July 2023

India: UltraTech Cement has announced the inauguration of its expanded Sonar Bangla II cement plant. Reuters has reported that the expansion has more than doubled the plant's capacity to 1.3Mt/yr. It increases UltraTech Cement's total installed capacity by 0.5% to 131Mt/yr.

China: China National Building Material expects its net profit to drop by 80% year-on-year during the first half of 2023. AAStocks Financial News has reported that the group partly attributed the anticipated drop to a fall in its cement prices, as well as its commercial concrete prices.

France: Cem'In'Eu has launched FUSIOCIM, a CEM II/C pozzolan cement, that offers a 43% reduction in CO₂ emissions compared with ordinary Portland cement (OPC). FUSIOCIM has specific CO₂ emissions of 506kg/t. It is suitable for various concrete applications and comes in 25kg bags.

Cem’In’Eu general manager Fabien Charbonnel said "We created Cem’In’Eu with the ambition of reducing the carbon footprint of the cement industry. And we are proving it today with a low-carbon offer that easily replaces traditional cements, without any change for construction professionals. We are convinced that this transition can only be done with pragmatism and taking into account the needs of users.”

Pakistan: Lucky Cement has successfully completed the buyback of US$742,000-worth of its shares. Pakistan Company News has reported that the producer finished buying the shares during the 12 July 2023 trading session of the Pakistan Stock Exchange.

India: Ramco Cements has received board approval to sell its entire stake in its transport subsidiary Lynks Logistics. CNBCTV18 News has reported that the producer plans to execute a share subscription and purchase agreement with food delivery service operator Bundl Technologies.

Ramco Cements originally invested in a 46% stake in Lynks Logistics for US$700,000 in January 2020. It enlarged its stake to 69% for US$273,000 in September 2020.