Displaying items by tag: GCW544

US: Argos USA has announced the upcoming transition of its Roberta, Alabama, cement plant to Portland limestone cement (PLC) Type IL production. By mid-2022, the company plans to produce 100% PLC at the 1.7Mt/yr plant. Its Durham, Statesville and Wilmington cement terminals in North Carolina will also transition to the exclusive distribution of PLC. The Roberta plant will directly serve customers in Alabama, Florida, Georgia and Mississippi.

Argos USA has also launched PLC production at its Harleyville, South Carolina, Newberry, Florida, and Martinsburg, West Virginia, cement plants. It aims to begin producing PLC at all of its cement plants nationally by 2024.

CEO Bill Wagner said "We are excited to announce the transition of the Roberta plant to 100% (PLC) Type IL. With this transition, we continue to support our customers and the industry on its road to lower greenhouse gas emissions. With PLC, we are supplying a more environmentally friendly building solution for our customers, engineered to deliver an outstanding quality and performance while lowering our carbon footprint.”

US: United States Lime & Minerals has announced its acquisition of Mill Creek Dolomite from InterRock Minerals. The value of the deal was US$6.4m.

Thailand: Sales from Siam Cement Group’s (SCG) cement business rose by 6% year-on-year to US$5.61bn in 2021. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 13% to US$145m. The company said that demand for cement improved gradually in the fourth quarter of 2021 following Covid-19 related shutdowns in the third quarter. Overall group sales were US$16.5bn in 2021, up by 33%, and net profit rose by 38% to US$1.4bn, boosted by the company chemicals division performance.

President and chief executive officer Roongrote Rangsiyopash said that its integration of environmental and social governance, along with a digital transformation, during the year contributed towards growth, along with a demand rise in line with the decline in Covid-19’s ongoing impacts.

Thailand: Siam City Cement's (SCC) sales, volumes and earnings picked up in the second half of 2021 following the easing of Covid-19-related lockdown measures in Thailand and Vietnam. Price rises, especially outside of Thailand, also reportedly helped to compensate for higher raw material, energy and transportation costs.

The group’s full-year consolidated sales fell slightly to US$1.28bn in 2021 from US$1.29bn in 2020. Sales revenue from its cement division rose by 3% year-on-year to US$842m but dropped by 19% to US$166m from its concrete division. Its overall earnings before interest, taxation, depreciation and amortisation (EBITDA) dropped by 6.8% to US$289m from US$310m. Net profit rose by 15.4% to US$131m from US$113m.

US: Eco Materials Technologies has finalised its US$1.05bn acquisition of Boral’s US fly ash business and launched an oversubscribed US$525m green bond issue. The issue will help it to become a global green cement production leader, according to the group. The Australian Financial Review newspaper has reported that subscriptions were four times the available bonds.

South Africa: A fuel tank explosions at a cement facility on Neptune Road in Gqeberha (formerly Port Elizabeth), which Global Cement believes may be Cemza’s Coega grinding plant, has killed a 40-year-old worker. Algoa FM News has reported that there were no other casualties or injuries. Police have launched an inquest into the tragic incident.

India: Nuvoco Vistas plans to increase its installed cement production capacity by 21% to 26.9Mt through capital expenditures of more than US$253m. The Hindu BusinessLine News has reported that the company will invest US$200m in the establishment of its upcoming 2.18Mt/yr Kalaburagi cement plant in Karnataka. It will invest a further US$53.1m in upgrading its Bhiwani, Haryana, blending plant to make it into a 2.4Mt/yr grinding plant. Additionally, Nuvoco Vistas will establish alternative fuel (AF) processing plants at its Nimbol, Maharashtra, and Risda, Chhattisgarh, cement plants.

Mexico: Cemex recorded consolidated net sales of US$14.5bn in 2021, up by 14% year-on-year. Sales rose by 10% to US$4.83bn in Europe, Middle East, Africa and Asia, by 9% to US$4.36bn in the US, by 23% to US$3.47bn in Mexico and by 16% to US$1.57bn in South, Central America and the Caribbean. The group’s operating earnings before interest, taxation, depreciation and amortisation (EBITDA) also rose, by 18% to US$2.86bn.

CEO Fernando González said “We are very pleased to report exceptional financial and strategic performance during 2021, despite the unprecedented challenges from Covid-19 and cost inflation.” He continued “In 2021, under our Future in Action programme, we accelerated our climate action ambition, establishing more aggressive 2030 decarbonisation goals as well as a detailed plant-by-plant roadmap to reach the targets. With our enhanced roadmap in place, we achieved our lowest carbon emission level on record and our largest annual year-on-year decline. And we pushed the boundaries on innovation, introducing new sustainable products and developing breakthrough decarbonisation technologies. Our performance gives me great confidence that we can reach not only our 2030 climate goal but also our Net Zero ambition.”

Philippines: Southern Concrete Industries Corporation says that it has doubled the planned capacity of its upcoming US$195m Davao del Sur cement plant in Davao Region to 4Mt/yr. The Philippine Fiscal Incentives Review Board (FIRB) approved a two-year income tax holiday and five years of enhanced deductions for the plant and duty exemptions for its equipment on 18 January 2022. The tax breaks will come into effect when the company commissions the plant in July 2022. CEO Ramon Ang said that the enlarged capacity will help to reduce the region’s reliance on imported cement and support infrastructure development on Mindanao.

India: ACC has announced its successful purchase at auction of the Kannur limestone block mineral reserve in Wadi, Kalaburagi District, from the Karnataka government. The producer plans to use the block to supply limestone for its Wadi cement plant.