September 2024
YTL Cement funds sustainable construction initiatives 18 October 2023
Malaysia: YTL Cement has awarded a US$210,000 grant to the Construction Research Institute of Malaysia (CREAM). CREAM will use the funding for three main initiatives: the development of reduced-CO2 cement alternatives, research into more sustainable construction practices and training.
YTL Cement managing director Dato Sri Michael Yeoh said “As a company that has been assisting with the development of Malaysia for over 70 years, we know the importance of investing in our nation’s progress, while simultaneously addressing our construction needs in a sustainable manner.”
China: China National Building Material (CNBM) has warned of an anticipated year-on-year decline in its profit during the first nine months of 2023. Reuters has reported that the group forecast a drop of 70% from nine-month 2022 levels. Declining cement prices contributed to the anticipated drop.
US Department of Energy grants C-Crete Technologies US$2m 17 October 2023
US: The US Department of Energy has awarded C-Crete Technologies US$2m in funding. C-Crete Technologies is developing a method for using CO2 captured at industrial sources or from the air as an ingredient in its cement-free concrete. The binder will produce almost no CO2 and continue to absorb more CO2 from the air over time. It offers scalability and cost-parity with conventional cement for concrete producers, according to the developer.
C-Crete Technologies president Rouzbeh Savary said “We are committed to crafting a cement-free, carbon-negative ready-mix concrete that doesn’t just mitigate CO2 emissions but actively contributes to reversing climate change. Our aim is nothing short of revolutionising this hard-to-abate, carbon-heavy sector.”
Emirates Cement (Arkan) awards Omani limestone haulage contract to Oman and Etihad Rail Company 17 October 2023
UAE: Emirates Cement (Arkan) has appointed Oman and Etihad Rail Company (OER) to provide train transport for imported Omani limestone to its 1Mt/yr Al Ain cement plant.
Saeed Khalfan Al Ghafri, CEO of Emirates Cement (Arkan)’s parent company, Emirates Steel Arkan Group, said “Our collaboration with OER enhances our supply chain capabilities by leveraging the railway network that connects both countries. This agreement paves the way for integrated logistics solutions for transporting raw materials to and from our cement plant in Al Ain, boosting operational efficiencies and cost-effectiveness and reducing environmental impact.”
Kenya: East African Portland Cement Company (EAPCC) plans to sell land in Machakos County close to its Athi River plant, KBC News has reported. During the sale, offers submitted by people currently residing on the land will have priority. Demolition of illegal homes on the land is currently underway.
Spain: Cementos Molins inaugurated its new Euro6.6m headquarters in Sant Vicenç dels Horts, Catalonia. The facilities include a 3250m2 solar power plant, which will supply 100% of the energy consumed in the building’s operations. The solar power plant consists of an array of 1455 photovoltaic panels. Cementos Molins says that it also used recycled materials where possible in building its new headquarters.
CEO Julio Rodríguez said “We celebrate 95 years of life and we feel proud to contribute to the development of the country and its social evolution. In our DNA is the will to collaborate with our environment.”
Grasim Industries to raise funds for growth and diversification 17 October 2023
India: Grasim Industries has secured board approval for an issuance to raise up to US$480m. Local press has reported that the producer will use the proceeds for planned capital expenditure investments, including in the paints sector, as well as to repay existing borrowings and for ‘general corporate’ purposes.
India: Dalmia Bharat sold 13.2Mt of cement during the first half of the 2024 financial year (1 April 2023 – 30 September 2023), up by 9.6% year-on-year 12Mt in the first half of the 2023 financial year. This contributed towards a 24% year-on-year rise in the producer’s earnings before interest, taxation, depreciation and amortisation (EBITDA) to US$144m from US$116m in the previous first half. During the first half of the current financial year, Dalmia Bharat commenced commercial production from its new 500,000t/yr Ariyalur clinker plant and 2Mt/yr Sattur grinding plant, both in Tamil Nadu. The former commissioning raised the company’s clinker capacity to 22.2Mt/yr.
Group managing director and CEO Puneet Dalmia said “We see a multi-year-strong cement demand trend continuing, as India is undergoing a large-scale metamorphosis. We were one of the first ones to foresee this upcycle and started building our capacity ahead of time. In the past 3.5 years, we have added 17.2Mt/yr-worth of cement capacity, which is 65% growth over 2020 financial year capacity. In line with our vision to reach 110 – 130Mt/yr by 2031, we are continuing to make consistent strides in that direction and capitalise upon the huge opportunity ahead of us.”
The company’s cement managing director and CEO, Mahendra Singhi, noted the effects of a ‘reduction in fuel prices, increased usage of renewable power and improvement in key performance indicators.’ He added “We continue to demonstrate our commitment towards the environment, as we have further brought down our CO2 footprint to 456kg/t of cement, which is one of the lowest in the global cement sector.”
Zlatna Panega Cement to upgrade Zlatnopanegki cement plant 16 October 2023
Bulgaria: Titan Cement subsidiary Zlatna Panega Cement plans to invest Euro11m in sustainability-enhancing upgrades to its Zlatnopanegki cement plant in Lovech Province. The work centres around a Euro7m alternative fuels (AF) upgrade, to raise the plant’s AF substitution rate to 70% from 50% in 2022. Besides this, the producer will also invest Euro4m in the construction of a solar power plant at the facility. The solar power plant is scheduled for commissioning in March 2024. General manager Adamantios Frantzis said that the plant will subsequently move on to its ‘next big project,’ consisting of a Euro35 – 50m upgrade, in 2026 – 2028.
Zlatna Panega Cement invested Euro5.7m in capital expenditure throughout 2022, more than double its investments of Euro2.6m in 2021. It is committed to interim CO2 reduction targets of 5000t/yr (Scope 1) and 3000t/yr (Scope 2 and 3), and net zero CO2 emissions by 2050.
India: Dalmia Bharat has announced a planned investment of US$10.9m in a grinding unit expansion at its 1Mt/yr Banjari cement plant in Bihar. The expansion will raise the plant’s capacity by 500,000t/yr and conclude before 31 March 2025.