September 2024
India: Dalmia Bharat plans to expand its footprint in Central, Northern and Western India through capital expenditure investments, in order to reach a pan-India cement capacity of 54Mt/yr by the end of the 2024 financial year on 31 March 2024. This corresponds to year-on-year growth of 38% from 39Mt/yr at the start of April 2023. The Hindu BusinessLine newspaper has reported that the expansion aims to reduce Dalmia Bharat’s reliance on its native South, East and North East regions. The cement producer will fund the growth through allocations of its capital to its core business. At the same time, it plans to divest non-core assets, including its 15% stake in trading platform India Energy Exchange.
Dalmia Bharat expects growth in Indian cement demand to outstrip national GDP growth in the 2024 financial year. It has a medium-term expansion plan to grow its cement capacity to 92% to 75Mt/yr by the end of the 2027 financial year.
National Commission for Scheduled Tribes investigates UltraTech Cement’s Chandrapur mine lease 12 April 2023
India: The National Commission for Scheduled Tribes has directed the district collector of Chandrapur to supply details of compensation paid to local indigenous people since 1979 for the establishment of a limestone mine on their land in Maharashtra by UltraTech Cement. The Times of India newspaper has reported that the authorities allegedly conveyed 63.6 hectares of designated tribal land for use by the cement company.
Chayton Capital and Montenegro government to assess feasibility of Pljevlja building materials complex 12 April 2023
Montenegro: UK-based private equity firm Chayton Capital has agreed to fund the feasibility study for the establishment of a joint public/private building materials production complex at the site of the Plejevlja energy hub. The complex will include a cement plant and cement bonded particle boards plant. Emerging Market Watch News has reported that the firm will also be involved in the modernisation of a coal-fired power plant at the site. The total budget for the project is Euro700m.
US: A team from the Massachusetts Institute of Technology (MIT) has developed a new method to sequester CO2 in concrete before curing it. The method is based on the addition of bicarbonate of soda, which reacts with cement to produce a calcium carbonate-calcium silicone hydrate composite. The Journal of Engineering has reported that the method adds the benefits of CO2 mineralisation during production and casting, doubling the mechanical performance of early-stage concrete. It also eliminates the effects of carbonation reactions in cured concrete, which weaken the concrete by lowering its alkalinity, which accelerates the corrosion of rebar. The method has the potential to sequester 15% of CO2 emissions from cement production.
The team said “The pre-curing capacity of concrete to sequester CO2 has been largely underestimated and underutilised. Our new discovery could further be combined with other recent innovations in the development of lower carbon footprint concrete admixtures to provide much greener, and even carbon-negative, construction materials.”
China: China Resources Cement has forecast a loss of US$4.46 – 5.73m during the first quarter of 2023, which ended on 31 March 2023. Dow Jones Institutional News has reported that the group attributed the anticipated scale of the loss to a year-on-year decline in its cement prices.
India: UltraTech Cement says that it has made a second deployment of GreenLine liquefied natural gas (LNG)-powered cement trucks in its cement operations. Indo-Asian News Service has reported that the new trucks will operate from UltraTech Cement’s Pune cement terminal in Maharashtra. GreenLine says that its LNG trucks have 28% lower CO2 emissions than ordinary cement trucks, equating to reductions of 24t/yr per truck for UltraTech Cement.
The cement producer’s associate vice president Tanmay Pradhan said “We are dedicated to creating a sustainable future, and we are fully committed to collaborating with our partners and stakeholders to achieve our goal of a cleaner environment. Our association with GreenLine is a step forward in our ongoing efforts to decrease emissions, enhance energy efficiency, and promote sustainability."
India: The government has published plans for a new broad-gauge double railway line in Rajasthan. The planned line will connect Jaipur and Sawai Madhopur, and will facilitate the transport of coal to businesses including cement plants. Maritime Gateway News has reported that the new line will increase carrying capacity in the local railway maintenance block by 80%. It is scheduled for commissioning in the 2027 financial year.
Housing demand in New Zealand falls by 20% year-on-year 11 April 2023
New Zealand: Cement producer and construction firm Fletcher Building has reported a 20% year-on-year drop in domestic housing demand during the first quarter of 2023. The Australian newspaper has reported that the company attributed the decline to ‘soaring’ interest rates in the country. It now expects to sell 800 residential units in 2023, 20% below its previous expectation of 1000 units. Fletcher Building said that building materials costs rose by 5 – 10% between 2020 and 2022, due to ‘higher input and commodity costs’ in production.
CEO Ross Taylor said that Fletcher Building faces labour shortages in its civil construction business, but maintained a strong order pipeline. Taylor said “It won’t drive an uptick in volumes but it will underpin the volumes in the next three to four years.”
ACC wins three safety prizes 11 April 2023
India: ACC’s Jamul, Thondebhavi and Tikaria cement plants have won safety prizes at the National Safety Council of India (NSCI)’s Safety, Health and Environment Convention (SHECON) 2023. Press in attendance reported that the 1.6Mt/yr Thondebhavi plant in Karnataka won a safety award and a bronze trophy for implementation of its occupational safety and health (OSH) plan. Meanwhile, the 1.6Mt/yr Jamul plant in Chhattisgarh won a letter of commendation and the 3Mt/yr Tikaria grinding plant in Uttar Pradesh won a certificate of recognition.
Adani Group’s cement business CEO Ajay Kapur said "We are honoured to have been recognised by the NSCI with three prestigious awards for our commitment to ensuring the safety and well-being of our employees, and we are proud to be recognised for our efforts. With a strong emphasis on occupational health and safety, we have a robust safety management system in place."
Oman: China-based Huaxin Cement completed its acquisition of a 60% stake in Oman Cement on 5 April 2023. That the group completed the transaction via a Abra Holdings, a wholly-owned subsidiary incorporated in Mauritius. In a submission to the Hong Kong Exchange, Huaxin Cement stated the estimated purchase price for the stake as US$193m.
Oman Cement operates the 4.2Mt/yr Rusayl cement plant in Muscat Governorate. The producer was in talks with possible contractors for an upgrade to the plant’s existing production lines and the construction of a new 10,000t/day Line 4 in March 2023.