Denmark: FLSmidth's cement business recorded preliminary, unaudited sales of US$871m in 2023, down by 59% year-on-year from US$2.14bn in 2022. The business contributed 25% of the group’s consolidated sales of US$3.5bn. FLSmidth had a total order intake for the year of US$3.11bn, toward which the cement business contributed US$711m (23%). The supplier said that its results were in line with guidance. It now expects its cement business to generate US$580 – 653m (19 – 23%) of total group sales of US$2.9 – 3.12bn in 2024.

FLSmidth said “We expect the short-term outlook for the cement industry to remain impacted by macroeconomic uncertainty. The guidance for 2024 reflects the ongoing execution of the GREEN’26 strategy, continued business simplification and product portfolio pruning, including the expected closing of sale of the MAAG gears and drives business during the first quarter of 2024.”

Türkiye: Titan Cement International (TCI) has acquired concession rights to the Vezirhan pozzolana quarry in East Marmara. The quarry will help TCI to expand its low-carbon cement production capacity. By 2030, the company aims to reduce its CO₂ emissions by 35% from 1990 levels, and include 50% green products in its portfolio.

Titan Group Eastern Mediterranean regional director Christos Panagopoulos said “Access to Vezirhan quarry’s strong reserves potential and high-quality material will allow Titan to further broaden the portfolio of low-carbon cementitious products available to its customers. The quarry has access to a deep port and railway transport, facilitating both land and seaborne distribution across Titan's global locations.”

Group chief sustainability and innovation officer Leonidas Canellopoulos said “Being future-ready for a net zero world is more than just an ambition for Titan, and the acquisition of concession rights in Vezirhan is part of our solid roadmap that entails over 100 initiatives, covering the entire scope of our geographic operations and span of our value chain.”

Spain: Cementos Portland Valderrivas' Alcalá de Guadaíra plant has secured environmental clearance to use more alternative raw materials and alternative fuels (AF) in its cement production.

The company said "This achievement is a further boost to our sustainable work practices, respecting the environment and contributing to combatting climate change."

North America: Holcim has announced plans for a full capital market separation of its North American business. Subject to shareholder approval, it will subsequently list the business in the US in the first half of 2025. The group will communicate the final structure of the separation, which it expects to execute as a spin-off, later in 2024. Reuters has reported that Holcim chair and chief executive officer Jan Jenisch said that the North American business may attract a valuation of US$30bn upon listing, with Holcim retaining no stake. The business recorded an estimated earnings before interest, taxation, depreciation and amortisation (EBITDA) margin of over 27% in 2023. Following the US listing of the business, Holcim itself expects to continue its inclusion in the Swiss Market Index in Switzerland.

Jenisch said “Holcim has reached a new level of financial performance and a superior earnings profile with industry-leading margins and a strong balance sheet. The success of our North American business makes it the leading pure-play building solutions company in the region. With a US listing, we will unleash its full potential to be the partner of choice for our customers in one of the world’s most attractive construction markets. As we fully capitalise on the region’s infrastructure and construction boom, we will accelerate growth and unlock value for our stakeholders.”

Germany: Heidelberg Materials will stop producing clinker at its 700,000t/yr Hanover cement plant in Lower Saxony later in 2024, and transition the plant to grinding-only. The producer took the decision following a ‘significant drop’ in its cement sales, amid local low construction activity and a market shift towards lower-cement materials. Nonetheless, it intend to raise its capacity utilisation at its 1Mt/yr Ennigerloh, 900,000t/yr Geseke and 400,000t/yr Paderborn cement plants in neighbouring North Rhine-Westphalia. These will supply clinker to the Hanover grinding plant in future. Heidelberg Materials says that the plant's strategic location will ensure its continued importance in regional cement supply. Part of the 120-strong workforce at the Hanover plant will remain at the new grinding plant. The company will collaborate with the works council to find ‘acceptable solutions’ for the remainder of the team, possibly including intra-group transfers to other divisions and locations.

The Calix consortium’s on-going LEILAC 2 carbon capture project will now move from the Hanover plant to another Heidelberg Materials plant. Australia-based Calix is collaborating with Heidelberg Materials to identify a suitable new site as quickly as possible.

India: Aditya Birla subsidiary UltraTech Cement has commissioned its new 2.6Mt/yr Rajpura grinding plant in Punjab. The producer says that it made the investment in order to enhance its service to markets in Punjab.

The Rajpura grinding plant raises UltraTech Cement's installed grey cement capacity in India by 2% to 135.59Mt/yr.

Saudi Arabia: China National Building Material (CNBM) subsidiary Sinoma CDI has won a US$6m contract to upgrade cement and raw materials conveyors at Riyadh Cement Company’s Riyadh cement plant. The producer has opted for elevator conveyors for mechanical transportation, in place of its existing pneumatic conveyors. It expects this to increase energy efficiency and reduce necessary maintenance. The project is due for delivery in early 2025.

Riyadh Cement Company CEO Shoeil Al-Ayed said that the project aligns with the producer’s strategic energy reduction initiatives.

UK: Aggregate Industries has successfully removed gas duct sections from the electrostatic precipitation filter at its Cauldon cement plant in Staffordshire. This will make way for the installation of a new CTP Team process kiln bag filter, following an annual shutdown.

Cauldon plant capital expenditure manager Mark Powling said “The new bag filter not only provides the best available technology, but will enable the Cauldon plant to optimise its plant performance, driving its decarbonisation and alternative fuel strategies. Thanks to the project team for their efforts and hard work to date.”

India: ACC grew its sales to US$1.75bn in the first nine months of the 2024 financial year, up by 12% year-on-year. Its net income multiplied by a factor of five, to US$167m.

Mint News has reported that whole time director and CEO Ajay Kapur said "ACC’s financial performance has seen a complete turnaround in the last 12 months. Recent capacity additions have taken the Adani Group’s cement capacity to 77.4Mt/yr. This will enable volumes and revenues growth on a sustainable basis." Looking to the full 2024 financial year and beyond, Kapur added “Purchases of low-cost petcoke will help to further optimise fuel costs in the coming quarters."

Rwanda: South Africa-based PPC has completed the sale of its 51% stake in the Rwandan cement producer to Kenya-based Devki Group subsidiary National Cement, for US$42.5m. The divestiture advances PPC's strategic exit of Central and East Africa. As a result, the group's financial position is now cash positive. It had previously reduced its debt by 50% to US$20.3m from US$40.7m between March 2020 and September 2023.

PPC CEO Matias Cardarelli said "I am pleased with the timely completion of the sale of our stake in Cimerwa. The disposal allows us to focus on our core Southern African markets, where we see opportunities to drive improved profitability and secure a more sustainable return on capital."