Displaying items by tag: target

India: Birla Corporation plans to increase its cement production capacity to 25Mt/yr by the end of the 2026 financial year from 20Mt/yr at present. It intends to do this by upgrading its 3.9Mt/yr Mukutban plant in Maharashtra, installing a second grinding unit at Maihar in Madhya Pradesh as well as building new grinding plants, according to the Times of India newspaper.

Birla Corporation chair Harsh V Lodha said "With the commissioning of Mukutban, we have virtually ring-fenced our core market of Central India, which we can service seamlessly from our six plants, namely Maihar, Satna, Kundangunj, Raebareli, Chanderia and now, Mukutban. The strategic location of these plants and standardisation of product quality allows us to interchange source of supplies to maximise realisation and serviceability for our customers." He made the comments at the company’s annual general meeting.

Egypt: Lafarge Egypt has confirmed that it is aiming to reduce its CO₂ emissions in excess of 20% by 2030. Its key steps to achieve this include increasing its use of alternative fuels and lowering its clinker factor, according to the Daily News Egypt newspaper. Chief executive officer Jimmy Khan added that the company is also working on developing digital methods to reduce emissions by improving transport logistics. The cement producer launched its Shatbna Masonry Cement product in 2022, part of parent company Holcim’s ECOPlanet range.

Holcim has set a worldwide target to reduce its gross Scope 1 CO₂ emissions from cement production of 22% by 2030 from a baseline of 590kg/t in 2018. It reported a 5% reduction to 562kg/t in its 2022 sustainability report. Ultimately the group is targeting net zero emissions from its activities by 2050.

Mexico: Cemex Mexico subsitituted 36% of it cement fuel with alternative fuel (AF) in 2022. This exceeds the Mexican cement industry’s target for 2030, of 32%. Mexico Business News has reported that the producer used 1.05Mt of AF across its operations. This reduced its CO₂ emissions by 1.8Mt, and prevented 850,000t of methane emissions from being generated in landfill. Cemex Mexico’s Huichapan cement plant in Hidalgo set the company record for the year, with 207,000t of AF co-processed in its cement production. It produced 3.2Mt of cement for the Bajio, Central, Central-North, Laguna and Southeast Mexico markets.

Sustainability Manager Carlos Medina said "Last year’s results motivate us to intensify our efforts and uphold good practices that benefit communities and the environment. We will keep promoting environmentally friendly solutions in all our operations, as we are convinced that all social actors must collaborate to lay the foundations for a better future."

New Zealand: Fletcher Building says that its subsidiary Golden Bay cement is waiting to embark on a US$119 – 178m course of capital expenditure (CAPEX) investment. However, the group said that it will first require ‘clarity from the government’ on any upcoming changes to industrial CO2 emissions allocations or border adjustments.

CEO Ross Taylor said “Until we get certainty there, we really can’t pull the cord.” He added “There’s a good pipeline of existing stuff which will really start maturing in two or three years, but there’s another really sizeable pipeline beyond that.”

Fletcher Building invested a total of US$182m across its businesses during the 2023 financial year, which ended in June 2023. The Bay of Plenty Times newspaper has reported that the investments are part of the group’s growth strategy for the four-year period up to the end of the 2027 financial year. Planned areas for investments include adding value to the group’s wood products by developing its alternative fuel (AF) capacity. The growth strategy has a budget of US$474m.

Mexico: Cemex has updated its sustainability-linked financing framework in line with its latest emissions reduction targets of 475kg/t of CO₂ per tonne of cementitious material. Under the new framework, Cemex will issue up to US$350m-worth of sustainability-linked bonds on the Mexican Stock Exchange. The group plans to use the funds to refinance debt, as well as for ‘general corporate purposes.’ It aims to acheive 85% sustainability-linked financing by 2030.

Cemex said "The proceeds will be used exclusively for eligible green projects in pollution prevention and control, renewable energy, energy efficiency, clean transportation, sustainable water and wastewater management, production technologies and processes adapted to the circular economy and/or eco-efficient products.”

Australia: The Ministry of Climate Change, Energy, the Environment and Water is holding a consultation over the possible implementation of a Cross-Border Adjustment Mechanism to penalise imported cement for its CO₂ emissions in line with the Australian cement industry’s emissions reduction goals. The Guardian Australia newspaper has reported that the government expects to publish its report on the policy in mid-late 2024. The government began implementing new CO₂ emissions limits for Australia’s 200 largest industrial emitters in July 2023. It expects these to eliminate 200Mt-worth of CO₂ emissions over the period up to 2030. Climate Change and Energy Minister Chris Bowen said “80% of these companies, and 86% of covered emissions, are covered by corporate net zero commitments.” Australia is committed to net zero CO₂ emissions by 2050.

With regard to the proposed Cross-Border Adjustment Mechanism, Bowen said “It’s a potentially important mechanism to ensure domestic sovereign capability and supply. One of the biggest challenges we face is supply-chain crunches, and any measure which helps us deal with that is a positive thing for the transition.”

Australia: James Hardie has published its Sustainability Report 2023, recording its progress towards achieving its sustainability goals up to the end of the 2023 financial year on 31 March 2023. The producer's Scope 1 and 2 CO₂ emissions dropped by 26% compared to 2019 levels, against a new target of a 42% drop by 2030. Environmental product declarations (EPDs) covered 94% of its sales, ahead of a target for the year of 80%. The company launched a new goal to include 30% minority-identified people in its US management.

Chief sustainability officer and vice president, environmental social and governance, Jill Kolling said “Sustainability is a continuous journey, but a necessary one to drive value for our stakeholders, while delivering on our ambition to be a more resilient company. From our boardroom to our manufacturing plants, we are giving sustainability a place at the table to drive meaningful impact and instill accountability across all facets of our organisation.”

France: Vicat's consolidated sales were Euro1.91bn in the first half of 2023, up by 9% year-on-year from Euro1.76bn in the first half of 2022. The group's earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 17% to Euro314m from Euro269m. Vicat said that it recorded generally 'resilient' sales volumes and price rises across most of its markets. Volumes dropped in France and Switzerland. During the half, Vicat's specific CO₂ emissions per tonne of cement fell by 3.6% year-on-year to 571kg/t from 591kg/t.

Chair and chief executive officer Guy Sidos said "The group has not yet returned to its pre-crisis margins rates. I’d like to thank all our teams for their unwavering commitment enabling us to reach our industrial, financial and climate targets." He added that Vicat is on track to achieve its CO₂ emission target of 497kg/t of cement by 2030.

Regarding its outlook for the current 2023 full year, Vicat said "The group is targeting further significant sales growth, with its markets overall expected to display resilience and reflect the full benefit of the price hikes in selling prices implemented in 2022 and the fresh increases introduced in 2023." It added "The performance in 2023 will reap the benefit of the full impact of the new kiln at the Ragland plant in the US, the elimination of the non-recurring costs incurred in 2022 and the stabilisation in energy costs."

Mexico: Cemex recorded first-half 2023 revenues of US$8.6bn, up by 11% year-on-year from US$7.76bn for the first half of 2022. The group's operating earnings before interest, taxation, depreciation and amortisation (EBITDA) totalled US$1.69bn, up by 18% from US$1.4bn. The group said that the results bring it close to achieving its aim of restoring its 2021 EBITDA margins.

Chief executive officer Fernando A González said “The success of our pricing strategy, bolt-on investments and Urbanisation Solutions business, as well as decelerating cost inflation, are driving what is shaping up to be a very strong year for our company." He continued "Beyond our financial results, we continue progressing on the ambitious carbon reduction and circularity commitments of our Future in Action programme, remaining on the path to becoming a net zero CO2 company by 2050.”

Thailand: Siam Cement Group (SCG) says that it expects to invest US$1.17 - 1.47bn in capital expenditure across its operations throughout 2023, Reuters has reported. SCG's activities span cement and other building materials, packaging, chemicals and batteries.