Displaying items by tag: GCW515

India: Larsen & Toubro says that it has won a contract to supply a 1.8Mt/yr grinding unit to a site belonging to a ‘leading cement producer’ at Dolvi in Maharashtra. The supplier said that the scope of the work includes civil and mechanical engineering and equipment installation.

JSW Cement operates a 2.2Mt/yr integrated cement plant in Dolvi. It upgraded the plant’s capacity from 1.2Mt/yr in 2019.

India: Anjani Portland Cement has agreed to acquire a further 3% in Bhavya Cements to bring its stake in the company to 92% from 89%. The group says that its aim is to further consolidate its shareholding. In early June 2021, Anjani Portland Cement completed its purchase of an 83% stake in Bhavya Cements to increase its shareholding to 89% from 6%.

Saudi Arabia: Yanbu Cement’s first-half sales were US$143m in 2021, up by 23% year-on-year from US$116m in the first half of 2020. Net profit fell by 11% to US$30.7m from US$34.5m. The company said that a local price drop and an increased cost of sales offset increased sales to yield the drop in profit.

Germany: Former HeidelbergCement executive director Rainer Nobis’ Illustrated History of Cement and Concrete is now available in hardback online. The book traces the development of artificially produced building materials over 12,000 years, describing both the technical sequence of events and the political and economic environments in which they took place.

An unnamed reviewer said "The book is outstanding and comes at the right time. It has never been more necessary to recall the positive contribution of cement and concrete to mankind or to make it explainable. [Nobis] has more than succeeded!"

Germany: A consortium of Mexico-based Cemex subsidiary Cemex Deutschland, Uckerwerk Energietechnik subsidiary Enertrag and hydrogen specialist Sunfire has announced a cement industry decarbonisation project called Concrete Chemicals. The project will see sequestered CO₂ combined with hydrogen to produce hydrocarbons for use as cement fuel. The consortium has submitted a funding application to the German Ministry for Environment, Nature Conservation and Nuclear Safety for a trial at Cemex’s Rüdersdorf, Brandenburg, cement plant. This would help in the realisation of the plant’s 2030 carbon neutrality target. Alongside a 5000t/yr demonstration plant, the site will have a green hydrogen plant, supplied by Sunfire. When commissioned in 2025, the plant will produce synthetic fuels and other hydrocarbon fractions. The consortium is also investigating a methanol synthesis route using synthetic gas.

Europe, Middle East and Africa regional president Sergio Menendez said “We support the urgency of action to address the climate challenge and have committed to a 55% reduction in CO2 from our 1990 baseline in our European operations by 2030. Together with our industry partners, we can collectively transform ourselves into a CO₂-neutral world. Concrete Chemicals is a promising project.”

Greece: Titan Cement has received the validation of the Science-Based Targets Initiative (SBTi) for its CO₂ emissions reduction targets. The validation confirms that the company’s targets are in line with a well-below 2°climate change scenario.

The group aims to reduce Scope 1 emissions per tonne of cementitious product by 21% by 2030 from 2020, and to reduce Scope 2 emissions by 42% within the same parameters. Additionally, it has committed to drive down the CO₂ footprint of its operations and products with the aim of delivering 100% carbon-neutral concrete by 2050. Methods include increasing the use of alternative fuels, accelerating efficiency-improving initiatives, developing low-carbon products, and adopting innovative technologies and solutions. The company says that it will also monitor and independently verify its supply chain emissions.

It said “Through the participation in European and international consortia, as well as through collaborations in research and development, Titan Group will continue to develop low-carbon cementitious products and pilot carbon capture technologies in its plants, actively contributing to the industry’s ambition for a carbon-neutral future.”

Australia: Seven Group has increased its stake in Boral to 52% via a 3% equity swap with Macquarie. the company now has effective control of the building materials producer although it assured Boral that it would retain a majority of independent directors, according to the Sydney Morning Herald newspaper. However, Boral has continued to urge its shareholders to resist the ongoing offer by Seven Group to buy their shares. The takeover bid has been valued at around US$6.5bn. Boral is currently in the process of selling its US fly ash business.

Canada: Progressive Planet and sustainable construction company ZS2 have signed a letter of intent to collaborate on green cement technologies development. The pozzolan-based cement producer will supply ZS2 with 10,000t/yr of natural pozzolan, beginning in late 2021. It will also purchase US$300,000-worth of shares in ZS2. The companies will also explore sequestering CO₂ in magnesium-based cements.

ZS2 chief executive officer Scott Jenkins said "The technical collaboration between PLAN and ZS2 continues to grow. The potential to reduce the carbon footprint of innovative cement products is significant with the combination of our mutual research and commercialisation to date. ZS2's growing portfolio of high performance, fire-resistant and sustainable building technologies will be greatly enhanced by our expanding partnership, and we are extremely excited about our shared future potential."

Finland: UK-based minerals group SigmaRoc has acquired Nordkalk for Euro500m. The group says that Nordkalk, SigmaRoc’s sixth platform, adds a core limestone business from more than 30 locations across 10 European countries. Circular economy products comprise 13% of Nordkalk’s sales volumes. It currently makes careful use of by-products and SigmaRoc says it has a clear ambition towards fossil-free and carbon neutral operations in the future.

SigmaRoc Chair David Barrett said “Nordkalk is a well-established and well-respected business with a substantial asset footprint spanning Northern Europe. It has a long history of success and much future potential. This acquisition creates a raft of new opportunities for SigmaRoc to capitalise on in the months and years ahead.”

Chief executive officer Max Vermorken said “The acquisition of Nordkalk, Northern Europe’s leading limestone products company, is a great stepping stone in the evolution of our group, expanding our footprint across Northern European markets. We are purchasing a high-quality business at the right point in the cycle and at an attractive valuation. Nordkalk meets all our stringent investment criteria as a self-contained and asset-backed business which will bring the Group significant earnings growth. We look forward to helping Nordkalk and its experienced management team on its path to continued success as we perpetuate its 120-year history, name and success.”

Mexico: Cemex is set to begin construction of a planned US$250m new stadium for its football team Tigres UANL in Monterrey, Nuevo León. The Récord newspaper has reported that the stadium, on the grounds of the Nuevo León Autonomous University, may host some North America 2026 World Cup fixtures.