September 2024
Italy: Cementir Holding sold 8.2Mt of cement and clinker during the first nine months of 2022, down by 1.7% year-on-year from nine-month 2021 levels. China, Denmark, Egypt and Türkiye all contributed to the decline. Group nine-month revenues were Euro1.26bn, up by 25% year-on-year. Third-quarter 2022 revenues rose most sharply, by 45%, in Türkiye, followed by the US (38%), the Nordic and Baltic region (20%) and Belgium (17%). During the third quarter of the year, operating costs increased by 36% to Euro365m from Euro268m. Raw materials, fuels and transport costs all contributed to the rise.
In the first nine months of 2022, the group recorded earnings before interest, taxation, depreciation and amortisation (EBITDA) of Euro238m, up by 11% from Euro215m during the first nine months of 2021.
Costs growth lowers JK Lakshmi Cement's profit in first half of 2023 financial year 04 November 2022
India: JK Lakshmi Cement recorded consolidated sales of US$367m during the first half of its 2023 financial year. The figure corresponds to 19% year-on-year sales growth from US$307m in the first half of the 2022 financial year. Nonetheless, costs growth of 23% to US$338m from US$275m caused the company's net profit to drop by 21% to US$21.5m from US$27.1m.
Jaykaycem commissions grinding unit of Panna cement plant 04 November 2022
India: JK Cement subsidiary Jaykaycem has commissioned the 2Mt/yr grinding unit of its upcoming Panna cement plant in Madhya Pradesh. The producer expects to commission the plant's clinkerisation unit later in the 2023 financial year.
Holcim New Zealand takes receipt of Christian Pfeiffer ball mill 04 November 2022
New Zealand: Holcim New Zealand says that it has received a mill for use in its upcoming Auckland cement replacement products import and distribution facility. The company opted for a Christian Pfeiffer ball mill for the project.
Holcim New Zealand says that alternative materials imported via the Auckland facility will eliminate 100,000t/yr of cement from New Zealand's 1.6Mt/yr consumption. The company expects that this will cut 78,000t/yr of CO2 emissions.
Police and protestors clash at ACC Masturi cement plant hearing 04 November 2022
India: A violent disturbance brought an end to a public hearing over ACC's plans to establish a new integrated cement plant in Masturi, Chhattisgarh, on 3 November 2022. Police reportedly used 'mild force' to subdue protestors who claimed that ACC has acted illegally. The Free Press Journal has reported that land recorded by ACC as 'barren' in document submissions is allegedly used by residents for cultivation of rice and other crops.
Limestone mining has already commenced at the Masturi site.
Dalmia Bharat increases income as earnings drop in first half of 2023 financial year 03 November 2022
India: Dalmia Bharat sold 12Mt of cement during the first half of its 2023 financial year, up by 20% year-on-year from 10Mt in the first half of the 2022 financial year. Its income was US$757m, up by 21% year-on-year from US$624m. Meanwhile, the company's earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 28% to US$116m from US$161m. The company noted the growth effects of 'fuel price corrections' during the second quarter of 2022, which it expects to increase its profitability during the second half of year.
Managing director and CEO Punit Dalmia said “We are pleased with the performance of the first half of this year despite the intense inflationary environment, and are confident that we will be among the best in the industry, leaving the bad times behind. While the geopolitical turmoil continues, we are confident in the resilience of the Indian economy, which is further cementing its position at the centre of global growth and consumption.” Dalmia continued “In view of the government's continued momentum in the infrastructure sector, driven by the revitalisation of the housing sector, we expect the demand for cement to grow rapidly. Looking ahead, we will remain focused on our capacity expansion progress.”
Dalmia Bharat's 14 integrated cement and grinding plants span 10 Indian states and have a capacity of 37Mt/yr, India's fourth largest.
Votorantim Cimentos Spain acquires Heidelberg Materials' Southern Spanish businesses 03 November 2022
Spain: Votorantim Cimentos Spain has completed its acquisition of Heidelberg Materials' businesses in the south of Spain. Under the deal, Votorantim Cimentos Spain gains control of FYM's 1.6Mt/yr Málaga cement plant, as well as three aggregates quarries and 11 ready-mix concrete plants in Andalusia.
Brazil-based Votorantim Cimentos' Europe, Asia and Africa CEO Jorge Wagner said “This acquisition is fully aligned with our strategy, reinforces our presence in the Iberian Peninsula to better serve our customers and creates significant synergies with our existing assets. Besides this, it will be key to accelerating our decarbonisation journey to achieve our 2030 Sustainability Commitments."
Votorantim Cimentos Spain operates six Spanish cement plants with 6Mt/yr in integrated capacity across Andalusia, the Canary Islands, Castile and León, Extremadura and Galicia.
Grasim Industries to raise US$121m 03 November 2022
India: Grasim Industries has secured its board's finance committee's clearance to raise up to US$121m through issue of non-convertible debentures. The Aditya Birla subsidiary plans to carry out the issue on a private placement basis, in one or more tranches.
Chinese cement producer imports Zimbabwean coal 03 November 2022
China/Zimbabwe: A cement producer in China has imported 20,000t of coal from Zimbabwe. The Zimbabwean Coal Producers Association said that the Port of Beira, Mozambique, despatched the order. Mining News has reported that the shipment is a trial, with other orders also anticipated.
RealWear launches voice-controlled thermal camera 03 November 2022
UK: RealWear has launched the world’s first voice-controlled head-mounted thermal camera. The new product combines the supplier's RealWear thermal camera and RealWear Navigator 500 headset with Teledyne FLIR's Lepton radiometry technology, enabling effortless capture of visible-spectrum and thermal imagery. Cement plant operators can then quickly identify temperature anomalies in mission-critical equipment like pumps, pipes, wiring and motors.
Chief Product Officer Rama Oruganti said “RealWear Navigator head-mounted devices, with a revolutionary modular design, continue to gain support with global 1000 companies as the new gold standard in assisted reality. The compelling option to add thermal image capture without occupying your hands in hazardous environments gives frontline professionals more real-time information to do their jobs safely and productively.”