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10 August 2022

Doppelmayr Transport Technology supplies RopeCon ropeway conveyor for Aggregate Industries' Bardon Hill quarry restoration

UK: Doppelmayr Transport Technology says that a 1000t/hr RopeCon ropeway conveying system is in operation at Aggregate Industries' Bardon Hill quarry in Leicestershire. Doppelmayr Transport Technology supplied the equipment to help move overburden from a new quarry extension for emplacement in an area where mining has finished. The total 600m-long system consists of one 500m section and one 100m section.

Published in Global Cement News
Tagged under
  • UK
  • Doppelmayr
  • Aggregate Industries
  • Quarry
  • GCW569
  • Conveyor
  • Product
  • Holcim
10 August 2022

ThyssenKrupp Industries India reveals details of orders with UltraTech Cement, Shree Cement and Hills Cement

India: ThyssenKrupp Industries India has reported information on recent orders with UltraTech Cement, Shree Cement and Hills Cement.

Its Polysius division has secured an order from UltraTech Cement for the design, engineering and supply of two 10,000t/day pyro processing lines with Polycom rolls for raw materials grinding.

Shree Cement has ordered pyro processing equipment including a Polytrack clinker cooler for a new cement plant at Guntur in Andhra Pradesh. ThyssenKrupp Industries India noted that it was the “maiden plant order” from Shree Cement and of “great strategic importance to us.”

Hills Cement has also made a first order with ThyssenKrupp. In this case it has requested pyro processing equipment including a clinker cooler for the second production line at its plant in Meghalaya.

Published in Global Cement News
Tagged under
  • India
  • ThyssenKrupp Polysius
  • ThyssenKrupp
  • ThyssenKrupp Industrial Solutions
  • Order
  • UltraTech Cement
  • Shree Cement
  • Hills Cement
  • GCW569
  • Plant
  • Upgrade
  • cooler
  • Grinding
  • Andhra Pradesh
  • Meghalaya
09 August 2022

Xuan Tanh Cement to commission Ha Nam cement plant in October 2022

Vietnam: Xuan Tanh Cement plans to commission its upcoming 4.5Mt/yr Ha Nam cement plant in October 2022. Viêt Nam News has reported that the new plant will bring Ha Nam province’s cement capacity to 10Mt/yr.

Vietnam consumed approximately 63.5Mt of cement in 2021.

Published in Global Cement News
Tagged under
  • Vietnam
  • Plant
  • Capacity
  • Consumption
  • demand
  • market
  • GCW569
09 August 2022

Sumitomo Osaka Cement increases sales in loss-making first quarter of 2023 financial year

Japan: Sumitomo Osaka Cement recorded sales of US$337m in the first quarter of the 2023 financial year, up by 3.7% year-on-year from US$325m in the first quarter of the 2022 financial year. Despite this, the company reported a loss for the quarter of US$8.23m, compared to a net profit of US$20.5m in the first quarter of the 2022 financial year. For the first half of the current 2023 financial year, Sumitomo Osaka Cement expects to deliver sales of US$726m and a net profit of US$3.71m.

Published in Global Cement News
Tagged under
  • Japan
  • Sumitomo Osaka Cement
  • Results
  • Forecast
  • GCW569
09 August 2022

Eagle Cement increases sales as income declines in first half of 2023 financial year

Philippines: Eagle Cement’s sales rose by 24% year-on-year to US$246m in the first half of its 2023 financial year from US$199m a year earlier. Its income was US$53.4m, down by 20% year-on-year from US$66.6m. Eagle Cement attributed the decline to cost impacts resulting from the Russian invasion of Ukraine and bottlenecks in global supply chains. Its operating expenses were US$26.1m, up by 35% year-on-year.

Published in Global Cement News
Tagged under
  • Philippines
  • Eagle Cement
  • Results
  • Russia
  • Ukraine
  • War
  • Invasion
  • supply chain
  • costs
  • GCW569
09 August 2022

Tokyo Cement Group increases first-quarter turnover as volumes drop so far in 2023 financial year

Sri Lanka: Tokyo Cement Group increased its turnover to US$45.2m in the first quarter of it 2023 financial year, up by 53% year-on-year from first-quarter 2022 financial year levels. A shortage of imported raw materials and the country’s on-going fuel crisis hampered local cement demand. The group’s cement sales volumes declined during the quarter, while its cost of sales increased by 24% year-on-year. ‘Steep’ currency depreciation compounded the effects of the increase in expenses. Nonetheless, the company recorded a profit of US$1.48m.

The producer said “Tokyo Cement has taken many proactive measures to minimise the impact of economic downturn on the group's performance. Anticipating a challenging environment, the group has reforecasted demand, rescheduled sourcing and production plans, and adjusted cash flows accordingly. The group has deployed drastic cost saving measures, streamlined operations, and postponed capital expenditure. While the short to medium term economic landscape remains uncertain, Tokyo Cement has a proven track record of resilience and resurgence, and is committed to rebuilding the nation, stronger than ever before.”

Published in Global Cement News
Tagged under
  • Sri Lanka
  • Tokyo Cement
  • Results
  • demand
  • Consumption
  • Raw Materials
  • currency
  • construction
  • market
  • fossil fuels
  • inflation
  • Strategy
  • Forecast
  • costs
  • Sri Lanka Central Bank
  • GCW569
09 August 2022

Bowman International launches Bowman Split Bearings South Africa

South Africa: Bowman International has launched Bowman Split Bearings South Africa to deliver the manufacturer’s high-load capacity split roller bearings to the South African and African markets.

Managing Director Paul Mitchell said “There are several heavy-side industries in South Africa and Africa that struggle with the detrimental effects of bearing failure. Our new associates – directors Gary Mayer and Leon Van den Berg – will support businesses in these areas to reduce downtime by specifying the Bowman Advanced Roller Bearing, which is specifically designed for high-load applications.”

Published in Global Cement News
Tagged under
  • South Africa
  • Africa
  • Bowman International
  • Bowman Split Bearing South Africa
  • deliveries
  • market
  • bearing
  • Supplier
  • Launch
  • GCW569
08 August 2022

Lucky Cement reports increased turnover and profit in 2022 financial year

Pakistan: Lucky Cement’s consolidated sales in its 2022 financial year, which ended on 30 June 2022, were US$1.47bn. This represents an increase of 60% year-on-year from US$920m in the 2021 financial year. The group said that it overcame economic challenges during the year through its successful execution of its diversification strategy and the ‘robust’ performance of all its businesses. Its full-year net profit was US$162m, reportedly in line with its previous year’s performance.

Lucky Cement’s standalone cement sales volumes fell by 8.9% year-on-year to 9.1Mt from 10Mt. Its exports fell by 25% to 1.8Mt from 2.4Mt.

Published in Global Cement News
Tagged under
  • Pakistan
  • Lucky Cement
  • growth
  • Results
  • economy
  • market
  • Export
  • GCW569
08 August 2022

Asia Cement (China) faces first-half sales and profit fall in 2022

China: Asia Cement (China) reported a 7% year-on-year drop in its first-half sales to US$732m in 2022. Its first-half profit was US$46.1m, down by 70% year-on-year from US$156m. The producer sold 13.4Mt of cement during the half. It plans to achieve full-year cement sales of 29.4Mt.

Asia Cement (China) believes that cement demand in China is now on a ‘downward trend.’ It nonetheless remains ‘cautiously optimistic’ about its full-year 2022 results, foreseeing a degree of demand recovery arising from planned government infrastructure investment in the second half of the year.

The Chengdu-Chongqing Economic Circle (CCEC) in Sichuan province and Chongqing municipality represents a growing market for Asia Cement (China). Of a total of 160 planned key projects in the CCEC in 2022, 152 commenced construction during the first half of the year.

Published in Global Cement News
Tagged under
  • China
  • Asia Cement
  • Asia Cement China
  • Results
  • Government
  • demand
  • Infrastructure
  • Sichuan
  • Chongqing
  • Project
  • construction
  • GCW569
08 August 2022

China Shanshui Cement’s first-half sales and profit drop in 2022

China: China Shanshui Cement’s first-half sales fell by 2.5% year-on-year to US$1.5bn. The producer’s net profit for the half was US$70.6m, down by 60% from US$178m.

Published in Global Cement News
Tagged under
  • China
  • China Shanshui Cement
  • Shanshui Cement
  • Results
  • GCW569
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