Displaying items by tag: GCW637

India: UltraTech Cement has concluded an agreement to acquire Kesoram Cement from Kesoram Industries for US$912m. The Times of India newspaper has reported that the price includes an equity value of US$646m and debt of US$267m. As part of the deal, Kesoram Industries shareholders will gain single shares in UltraTech Cement for every 52 shares they hold in Kesoram Industries.

Kesoram Cement operates two cement plants – the 10.8Mt/yr Vasavadatta plant in Karnataka and the 660,000t/yr Kesoram cement plant in Telangana – and a packing plant in Maharashtra.

Kesoram Industries says that the sale of Kesoram Cement will help it to focus on its chemicals, rayon and transparent paper businesses.

Pakistan: Fauji Cement inaugurated its Shadan Lund cement plant in Dera Ghazi Khan on 30 November 2023. The Pakistan Observer newspaper has reported that the plant has a capacity of 2.37Mt/yr and brings Fauji Cement’s capacity to 10.6Mt/yr.

Egypt: Abu Dhabi Ports Group subsidiary Transcargo International (TCI) is building a bulk cement terminal at Arish port in North Sinai Governorate. The company says that the facility will be equipped with six 10,000t cement silos. Four silos will store up to 40,000t of grey cement, while two will store up to 20,000t/yr of white cement. Cementir Holding subsidiary Sinai White Portland Cement has signed a cooperation agreement with TCI to use the Arish cement terminal. TCI says that the terminal will serve multiple markets worldwide and help Sinai White Portland Cement to raise its total export volumes, thereby also raising its competitiveness.

TCI’s CEO Mohamed El Ahwal said "This project aligns with our commitment to support Egyptian exports by providing specialised logistics solutions across several industries. Building and operating Egypt’s first bulk cement terminal, we anticipate cost savings for cement producers in Egypt, making prices more competitive globally and increasing global market penetration."

Brazil: France-based Saint-Gobain has completed the construction of a new line at its Recife fibre cement products plant in Pernambuco. The expansion doubles the capacity of the plant to 200,000t/yr, at a cost of US$13.9m. The plant produces fibre cement products for sale under Saint-Gobain’s Brasilit brand.

North America: Sweden-based Bruks Siwertell successfully delivered three new road-mobile ship unloaders to two cement industry customers in North America, including one in Mexico, in November 2023. Both customers selected the supplier’s 10 000 S Siwertell unloaders. One of the cement producers now has four such units in operation, and the other now has one.

Bruks Siwertell project development engineer Pedro Alfaro said “The US is seeing a huge rise in demand for cement, and our technology is helping operators meet these volume increases in the most sustainable way possible.” He continued “Road-mobile units ensure minimal dust emissions and enclosed and spillage-free conveying, and offer excellent through-ship capacity and the flexibility of being able to move between sites. We are also one of the few companies able to supply a ship unloading solution that can discharge cement from vessels directly to trucks.”

Spain: Cemex’s venture capital unit Cemex Ventures announced the launch of its second LeapLab accelerator programme for high-potential start-ups on 30 November 2023. The programme introduces a cohort of five start-ups from around the globe, which will carry out pilot-scale tests of their technologies across 100 Cemex sites in 12 different countries. Throughout the process, experts from Cemex and partner organisations will support the work of the start-ups as mentors, pilot leaders, speakers and assistants, as well as providing business advice and support in network building. The selected start-ups are AI technology developers Introid, Mixteresting and Verusen, hybrid vehicle fuel optimisation company Movener and water monitoring specialist Waterplan.

Cemex’s executive vice president of digital and organisation development Luis Hernández said “Start-up acceleration is a key pillar of Cemex’s open innovation strategy, since the time to scale the technologies that enable us to build a better future is now. By combining the disruptive solutions and agility of start-ups with Cemex’s extensive industry networks and resources, start-up acceleration is a vehicle for tangible innovation generation.”

Australia: Western Australia’s environment minister Reece Whitby has questioned the efficacy of tests submitted by Cockburn Cement in relation to its Munster lime plant in May 2023. The tests showed successes in odour reduction during sand feeding at the plant’s Kiln 6. Business News Western Australia has reported that the government and an independent expert have raised ‘areas of concern’ as to whether the trial represents normal operating conditions for the kiln.

David Scaife, who represents Cockburn District in the Western Australia Legislative Assembly, said "My gripe is not with the workers, it is with the senior management and the directors of Cockburn Cement and its owner, Adbri, who have refused to do the right thing either by moving the lime manufacturing operations to its Kwinana facility or at least making the investments necessary to eliminate the odour."

Philippines: Holcim Philippines recorded sales of US$332m during the first nine months of 2023. This represents a 4% drop from nine-month 2022 levels. The producer reported operating earnings before interest and taxation (EBIT) of US$25.2m. Throughout the period, Holcim Philippines co-processed 800,000t of alternative fuel (AF) at its plants. Blended cement products ended September 2023 at 75% of its cement sales.

UAE: Emirates Steel Arkan (ESA) has appointed consultancy A³&Co. to help plan and implement decarbonisation initiatives at its 5.7Mt/yr Al Ain cement plant in Abu Dhabi. The collaboration will focus on reducing CO₂ emissions and costs, in line with the Science-Based Targets Initiative (SBTi)’s 1.5° Pathway for Net Zero and in conformity to the EU’s Carbon Border Adjustment Mechanism (CBAM).

ESA is committed to reducing its CO₂ emissions by 40% between 2018 and 2030, and to achieving carbon neutrality by 2050.

India: UltraTech Cement has bought the 540,000t/yr Patratu grinding plant from Burnpur Cement for US$20.4m. The Hindu Business Line newspaper has reported that the purchase brings UltraTech Cement’s installed cement capacity to 133Mt/yr.