Displaying items by tag: GCW651
Philippines: Holcim Philippines has renewed its supply agreement to provide cement for Megawide Construction’s projects across Luzon in 2024. The partnership, initiated in 2016, continues amid increasing cement demand from Megawide.
Markus Hennig, Megawide's executive vice president, said "With our renewed supply agreement with Holcim Philippines, Megawide has reinforced its linkage with a like-minded partner who supports our vision of a first-world Philippines.”
Holcim Philippines president and CEO Horia Adrian said “We look forward to providing Megawide’s cement supply needs in 2024 and continuing engagements on possible collaborations to advance innovative and sustainable building in the Philippines.”
Mexico/Spain: Cemex has entered a partnership with energy transition investor White Summit Capital to develop projects that will contribute to its 2050 net-zero objectives. The partnership focuses on decarbonising operations and circularity, including reducing its cement’s clinker factor, optimising its fuel mix and transforming refuse into energy.
Sergio Menéndez, president of Cemex Europe, Middle East, Africa & Asia, said “We are pleased to have entered this collaboration with White Summit Capital and are excited to explore how together we can develop innovative solutions to decarbonise Cemex Europe operations and further strengthen our circularity positioning.”
Saudi Arabia: Riyadh Cement has reported its annual financial results for the period ending on 31 December 2023. Revenues were US$171m, a 7.6% year-on-year increase from US$159m in 2022. However, net profit marginally decreased by 0.6% to US$50.3m, compared to US$50.6m in the previous year.
Germany: According to a new study backed by the German Cement Works Association (VDZ), the country's cement and lime industries require carbon capture and storage (CCS) for decarbonisation. The study outlines the need for a 4800km CO2 transport pipeline in Germany by 2035.
The VDZ warns that any delay could jeopardise Germany's 2045 climate neutrality target and estimates the investment for the new CO2 grid at €14bn. The network is expected to transport 6.5Mt/yr of CO₂ by 2030, increasing to 46Mt by 2045. Additionally, CCS transit from Switzerland, Austria and France is expected to contribute 15 - 20Mt.
VDZ president Christian Knell said "Cement manufacturers and other industries in the EU emissions trading system must produce largely climate-neutrally by 2040."
US: Heidelberg Materials North America has demonstrated its new bagging system at the Mitchell cement plant in Indiana. It features a Ventomatic GIROMAT EVO V12 rotary packer that can fill one bag per second and 3600 bags per hour, and has an automated kiosk system. The Mitchell plant predominantly manufactures EcoCem Portland limestone cement, along with Brixment Masonry and Stone-Hold products. The new system first became operational in 2023.
Toby Knott, vice president of cement sales in the Midwest region, said "Compared to earlier operations, when bags had to be put on spouts by hand, the increase in efficiency provides more opportunity." The plant's rebranding from Lehigh Cement to Heidelberg Materials can also be seen on new bag designs.
DMCI Holdings may acquire Cemex Holdings Philippines
18 March 2024Philippines: DMCI Holdings is considering the acquisition of Cemex Holdings Philippines. Reuters has reported that the deal is valued at around US$715m. DMCI Holdings Chairman Isidro Consunji expressed optimism about the potential acquisition, but did not specify a completion timeline. DMCI Holdings is exploring diversification into new industries, with cement identified as a strategic addition.
Colombia: Cemex Colombia plans to source 42,900MWh/yr of renewable electricity for its Caracolita cement plant in Colima from Celsia's upcoming 20MW solar power plant in Ibague. Upon the solar plant’s commissioning in 2025, this initiative will account for 25% of the cement plant's electricity needs.
Alejandro Ramirez, president of Cemex Colombia and Peru, said "Supplying our main cement plant in Colombia with solar energy will be a decisive step in our strategy to take advantage of renewable sources for cement production in Colombia."
Ricardo Sierra, CEO of Celsia, said "The company has 17 operational solar power plants totalling more than 300MW of installed capacity in Colombia." He added "Celsia’s target is to reach 1GW of photovoltaic projects under construction and development, some of which will deliver power to the grid, and others will benefit various industrial companies."
Southern Province Cement Company's revenues fall in 2023
18 March 2024Saudi Arabia: Southern Province Cement Company’s revenues fell by 12% year-on-year to US$285m in 2023, from $US325m in 2022. The company’s net profit also fell, by 35% from US$80.2m to US$52m.
Azerbaijan: The latest figures from the State Statistical Committee show a 35% year-on-year increase in the value of building materials produced in Azerbaijan, to US$102m in January - February 2024. Cement production notably surged to 546,000t in the two-month period, a 30% increase. However, clinker production fell by 17% year-on-year. The production of ready-mix concrete increased by 60%, but construction lime production dropped by 57%. These trends continued an increase in building materials production from 2023, when it rose by 32% from 2022 levels.
Proposed clay mining license for Long Thanh Cement
18 March 2024Vietnam: The Vietnamese Ministry of Construction has recommended that Long Thanh Cement receive a mining licence for clay mines T51 and T52 Nui Nghe. The licence allows for an extraction capacity of 1.1Mt/yr of clay. This initiative aims to provide a stable supply of clay materials for the Long Thanh cement plant in Ha Nam province, which is undergoing expansion from 0.91Mt/yr to 2.3Mt/yr. The Ministry of Natural Resources and Environment reports that these clay mines have a claystone reserve of 4.33Mt and a sandstone and siltstone reserve of 1.6Mt viable for cement production.