Displaying items by tag: Investment
Germany: Rohrdorfer and Austria-based Andritz Group are in the process of installing a 2t/day CO2 separation plant on the roof of the former’s Rohrdorf cement plant in Bavaria. The pilot plant will capture CO2 from the plant’s emissions for use by the regional chemicals industry. The Ingenieur newspaper has reported that it will cost Euro3m and is scheduled for commissioning before June 2022. It is the first installation of its kind at a German cement plant.
Rohrdorfer’s plant and process engineering manager Helmut Leibinger said “We must begin to see CO2 as a product of value rather than a problem. With CO2 as a carbon source, Germany can protect the climate and at the same time become less dependent on oil and natural gas. In addition, value creation and jobs will remain in the country.”
Cementos Pacasmayo increases sales in 2021
21 February 2022Peru: Cementos Pacasmayo recorded full-year sales of US$519m in 2021, up by 49% year-on-year from US$348m in 2020. Sales exceeded pre-Covid levels of US$373m in 2019 by 39%. The company’s profit for the year was US$41m, more than double its profit of US$15.5m in 2020 and up by 16% from US$35.4m in 2019.
The Semana Económica newspaper has reported that Cementos Pacasmayo aims to maintain its 2021 full-year cement sales volumes in 2022. The company is in the process of a US$70m, 600,000t/yr clinker capacity expansion in order to increase its clinker capacity to 100% of its grinding capacity, from 61% currently. This will eliminate the producer’s reliance on clinker imports.
Ambuja Cement to support Bhatapara cement plant upgrade with 7Mt/yr grinding capacity expansion
18 February 2022India: Ambuja Cement plans to invest US$469m in a 7Mt/yr expansion to its total grinding capacity. BusinessLine Online News has reported that the new capacity will consist of a new grinding plant at Barh, Bihar, and expansions to the company’s Farakka and Sankrail grinding plants in West Bengal. The company says that the new grinding capacity will become crucial after it completes its planned 3.2Mt/yr clinker capacity expansion to its Bhatapara cement plant in Chhattisgarh.
Cemex to invest US$1.3bn in 2022
16 February 2022Mexico: Cemex says that it will invest a total of US$1.3bn in its business in 2022. US$600m will go towards strategic growth, according to the company.
Chief executive officer Fernando Gondzález said "Overall in 2022, we anticipate a favourable environment with more moderate volume growth in most markets and solid pricing dynamics reflecting high capacity utilisation and input cost iteration. Finally, our objective is to recover margins in line with our goal of operational resilience with our pricing strategy.” He continued "Today, we are very prepared to handle the inflationary change. We have reflected cost pressures in our regular 2022 price announcements scheduled for January and April. We are also assuming that inflation is not transitory and are prepared to respond quickly to changes in the environment."
Nuvoco Vistas to increase cement capacity by 4.58Mt/yr
11 February 2022India: 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.
Holcim Mexico invests in gas and diesel-powered concrete trucks
07 February 2022Mexico: Holcim Mexico has replaced 11% of its concrete truck fleet with 61 new natural gas and Euro V diesel-fuelled Sinotruk vehicles worth US$6.2m. The company says that some of the trucks run on 100% natural gas, reducing both their CO2 and particulate emissions by 25%. Parent company Holcim hopes eventually to roll out Sinotruk vehicles throughout operations in its Latin American region. Each truck has an 8m3-greater capacity than Holcim Mexico’s previous models, and also generates less noise.
India: Udaipur Cement Works plans to raise US$114m through an issuance of non-convertible debentures (NCDs). India Infoline News Service has reported that the company will use the money it raises to fund Phase 1 of its on-going expansion project.
GCC to invest US$500m in North America by 2024
27 January 2022Mexico/US: GCC plans to invest US$500m over the next three years to the end of 2024 on increasing its production capacity and strengthening its logistics and distribution network in North America. New projects in development include the expansion of a cement plant, debottlenecking at the integrated Samalayuca plant in Mexico, the construction of two new terminals and other projects to improve the company’s operational efficiency and its social and environmental strategy. The cement producer reported strong sales in 2021 and it expects even better results in 2022 and 2023, particularly in the US, due to the effect of the US infrastructure bill.
Notably GCC reported that both the kilns at its Odessa plant in Texas were running at full capacity in 2021 and an additional kiln at a plant in Chihuahua, Mexico was complimenting supply to the US state. High demand was also recorded in Montana.
Savannah Cement announces upcoming Kitui clinker plant
21 January 2022Kenya: Savannah Cement plans to build an 2.5Mt/yr clinker plant in Kitui, Kitui County. The Standard newspaper has reported that the company has announced a US$352m bond issuance in order to raise funds for the project.
Cemex Puerto Rico extends San Juan port licence until 2042
21 January 2022Puerto Rico: Cemex Puerto Rico has successfully renewed its licence for use of Pier 16 at the Port of San Juan until 2042. Puerto Rico Ports Authority executive director Joel Pizá Batiz estimated Cemex Puerto Rica’s contribution to the territorial economy to be US$20m in 2020 and its total investments in the island to be US$400m.
The Metro Puerto Rico newspaper has reported that Puerto Rican cement consumption was 590,000t in 2020.