Displaying items by tag: construction

Pakistan: Dandot Cement recorded a net loss after taxation of US$463,000 during the first six months of the 2023 financial year. This corresponds to a year-on-year rise of 8% from US$429,000 in the first half of the 2022 financial year. Its finance costs rose by 10% to US$437,000, while its administrative expenses fell by 18% to US$71,400.

The producer's 0.5Mt/yr Lahore cement plant closed in 2019 for a 'balancing, modernisation and replacement' upgrade. Dandot Cement says that the on-going project is on schedule for completion before the end of the current Pakistani financial year on 30 June 2023. The company anticipates a rise in domestic cement demand due to new infrastructure projects and the renovation of existing infrastructure. However, it noted several principal risks and uncertainties, namely rising coal, diesel and electricity prices, rising interest rates, currency devaluation and current overcapacity in the Pakistani cement industry.

Germany: Heidelberg Materials' sales increased by 13% year-on-year to Euro21.1bn in 2022 from Euro18.7bn in 2021. This was despite a 6.1% drop in cement and clinker volumes, to 119Mt from 127Mt. Heidelberg Materials' cement and clinker volumes fell by 10% in Western and Southern Europe, by 7.8% in Northern and Eastern Europe-Central Asia, by 14% in North America, by 1.3% in Africa-Eastern Mediterranean Basin and by under 1% in Asia-Pacific. The group's materials costs rose by 23% to Euro21.4bn from Euro18.8bn. Meanwhile, its profit dropped by 9.4% to Euro1.72bn from Euro1.9bn.

Chief executive officer Dominik von Achten said "It’s evident that we can only be profitable in the long term by shaping our future as a company in a climate-compatible way, further reducing the footprint of our products and closing material loops. We are making good strides in all areas. Compared with the previous year, we were able to reduce our specific net CO₂ emissions by another 2% in 2022. Our carbon capture, utilisation and storage projects launched worldwide are progressing favourably. At our CCS project in Brevik, Norway, we are well on track with the construction of the world's first CO₂ capture plant in our industry, and we look forward to commissioning in 2024." Von Achten continued "We have made a good start to 2023. The fourth quarter showed that we have laid a good foundation for the development in this year. Volatility on energy and raw material markets remains high, but the current easing in energy prices is giving us some breathing room. On the demand side, government infrastructure plans should compensate for the decline in private housing construction. We are optimistic about the further course of the year.”

Australia: Hallett Group said that a 42m-high storage dome at its upcoming Port Adelaide cement terminal deflated amid on-going construction work at the site on 2 February 2023. ABC News has reported that Hallett Group plans to rebuild the structure at the facility in South Australia. It said that the supplier of the dome's outer skin has sent representatives from Canada to supervise in the reconstruction.

When commissioned, the Port Adelaide cement terminal will distribute cement from Hallett Group's Port Augusta slag cement grinding plant in the north of the state.

India: Market research company CareEdge Research has forecast an 8 - 9% year-on-year rise in all-Indian cement demand to 380 - 390Mt throughout the 2023 financial year, which will end on 31 March 2023. CareEdge Research recorded an 11% year-on-year rise in domestic cement demand during the first eight months of the 2023 financial year, up to 30 November 2022. It attributed the growth to increased urban housing development and infrastructure activity. The market research company expects these factors to continue to drive demand growth into the final quarter of the financial year.

India produced 356Mt of cement in the 2022 financial year, up by 20% year-on-year from 296Mt in the 2021 financial year.

China: China Resources Cement (CRC) recorded a 74 - 78% year-on-year net profit drop in 2022. As such, its full-year net profit was US$255 - 302m. Reuters has reported that the group attributed the drop to subdued demand from construction, increased production costs and low cement and clinker prices in the regions where it operates.

Despite the slow situation in the construction market, CRC's property development arm recorded a rise in its rental income throughout 2022.

Egypt: LafargeHolcim Egypt supplied 8200t of its ECOPlanet reduced-CO₂ cement for construction of Alamein Downtown Towers in Alamein City. The producer said that the cement reduced the project's carbon footprint by 45% compared to ordinary Portland cement (OPC). The government contracted China-based China State Construction Engineering Corporation for construction of the five-tower development. Three of the buildings will be residential, while the remaining two will house business and events facilities.

Ireland: CRH has announced the launch of its new innovation investments company CRH Ventures. The new subsidiary has funds of US$250m and will focus on the technologies that address the construction sector's core challenges. The group said that CRH Ventures' investment decisions will assess potential for decarbonisation, automation and the development of advanced sustainable building products, among other factors.

CRH's CEO Albert Manifold said "The launch of CRH Ventures demonstrates our continued commitment to investing in new technologies that will shape the built environment of tomorrow. CRH Ventures will serve as a valuable partner to start-ups and entrepreneurs, which will benefit from the technical capabilities, knowledge and expertise of a global industry leader, to pilot and scale new technologies and innovations that will enable safer, smarter and more sustainable construction.”

Colombia: Cemex has announced the launch of the Tunjuelo Circularity Centre at its former Tunjuelo quarry near Bogotá. Having rebuilt parts of the 50m-deep quarry with demolition waste, Cemex will now work on its ecological restoration, while continuing to receive excavation waste for reconstruction of the ground. It will meanwhile divert demolition waste deliveries for recycling in aggregate production. In Bogotá, Cemex has launched an initiative for urban construction partnerships in collaboration with local authorities. It will also collect municipal solid waste (MSW) there for use in its cement production and collect its used plastic cement bags for recycling in building materials production.

Cemex’s Colombia and Peru president Alejandro Ramírez said "This is a pioneering model for Cemex in the construction materials industry globally, which we aim to position as a benchmark for circularity within the sustainable development of large cities in Colombia and the world. A piece of land that supplied materials for Bogotá's development for decades has received construction and demolition waste for its redevelopment and was transformed into a green area to the south of the city, an epicenter of the circular economy and an opportunity for urban development for the capital city of Colombia." 


Chile: Cement shipments fell by 14% year-on-year during the first nine months of 2022, to 3.2Mt from 3.7Mt. The La Tercera newspaper has reported that a construction slowdown impacted on the cement sales of all three of Chile’s cement producers. Cbb’s despatches fell by 18%, Cementos Melón’s by 15% and Cemento Polpaico’s by 9.5%. At the same time, the producers’ expenses rose due to increased costs across transportation, raw materials, fuels, labour, administration and finance. Meanwhile, imported cement from Asia reportedly presents a cheaper alternative for customers.

Mali: Mahamoud Ould Mohamed, the Minister of Industry and Trade, has laid the foundation stone of the Mali Sahel cement plant in Bema, Bamako District. Sacko Holding is financing the project and it was previously reported as costing around US$300m, according to Mali Actu. The plant is expected to create around 600 direct jobs. It is scheduled to become operational in 2025. Sacko Holding and Energie du Mali (EDM), the state-owned electricity company, are also planning to provide an electricity supply to Bema as part of the initiative.