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03 August 2022

Turkmencement’s Lebap plant increases production in first half of 2022

Turkmenistan: Turkmencement’s integrated Lebap plant has increased its production of cement to 0.47Mt in the first half of 2022. This is an improvement over the 0.45Mt level reported in the same period in 2021, according to Jeyhun News. The plant was originally built in 2013. A new production line at the site was reportedly ordered from Germany-based Thyssenkrupp Industrial Solutions in mid-2021.

Published in Global Cement News
Tagged under
  • Turkmenistan
  • Plant
  • Production
  • Turkmencement
  • GCW568
03 August 2022

Sumitomo Osaka Cement announces next price rise from October 2022

Japan: Sumitomo Osaka Cement has announced its next price rise from the start of October 2022. It previously raised the price of its cement-related products by 20% in April 2022. It blamed this on rising raw material, energy and logistics costs. A further price will be considered from April 2023.

Published in Global Cement News
Tagged under
  • Japan
  • Sumitomo Osaka Cement
  • Price
  • GCW568
  • Product
  • Raw Materials
  • Coal
  • logistics
03 August 2022

GICA obtains certificate of conformity with European standards for cement products

Algeria: Groupe des Ciments d'Algérie (GICA) has obtained a certificate of conformity with European standards (CE) for three types of cement. The certification should allow the company to export more products to Europe, according to the Expression newspaper. It applies to its Gica Moudhad and Gica Béton products. The move follows similar certification of products with the Association Française de Normalisation (AFNOR) from the company’s Aïn El Kebira plant in July 2021. At the same time the Minister of Industry said it was helping the group with its export strategy.

In 2021 GICA exported 2.25Mt of cement to countries including the Ivory Coast, Gambia, Ghana, Mauritania, Senegal , Cameroon, Benin,  Guinea, Brazil, Peru, the Dominican Republic, Haiti and a number of European countries.

Published in Global Cement News
Tagged under
  • Algeria
  • GICA Group
  • Groupe des Ciments d’Algérie
  • Export
  • Standards
  • Plant
  • GCW568
  • Association Française de Normalisation
  • certification
  • Product
  • Ivory Coast
  • Gambia
  • Ghana
  • Senegal
  • Mauritania
  • Cameroon
  • Benin
  • Guinea
  • Brazil
  • Peru
  • Dominican Republic
  • Haiti
03 August 2022

Titan Cement Group reports progress in CO2 capture pilot project at Kamari plant

Greece: Titan Cement Group has successfully started a pilot CO2 capture demonstration project at its Kamari plant. As part of the RECODE2020 project it said it had reached a CO2 purity above 99% during initial operation by using ionic liquids as the CO2 adsorbents. The captured CO2 is then intended to be utilised by converting it to nanocalcite and additives that can reused in cement production in different ways. The cement producer is also running the CARMOF project at the plant.

Published in Global Cement News
Tagged under
  • Greece
  • Titan Cement
  • Titan Cement
  • Plant
  • pilot
  • CO2
  • carbon capture
  • CCUS
  • GCW568
  • decarbonisation
02 August 2022

Dangote Cement increases sales as profit falls in first half of 2022

Nigeria: Dangote Cement increased its sales by 17% year-on-year to US$1.9bn in the first half of 2022 from US$1.63bn in the first half of 2021. The group increased its cement sales volumes by 26% to 15.Mt, including a 33% increase in Nigeria to 9.9Mt there. Its production costs rose by 17% to US$760m from US$651m. This resulted in a 10% profit drop to US$406m from US$452m.

Chief executive officer Michel Puchercos noted a ‘very volatile’ global environment and increased energy costs. He said “Our business model remains robust, thanks to the prudent and flexible approach we have taken across our operations. Our continuous focus on efficiency, meeting market demand and maintaining our costs leadership drives our ability to consistently deliver superior profitability and value to all shareholders.”

Published in Global Cement News
Tagged under
  • Nigeria
  • Dangote Cement
  • Results
  • volumes
  • costs
  • Strategy
  • Electricity
  • economy
  • GCW568
02 August 2022

BUA Cement reports first-half sales and profit growth in 2022

Nigeria: BUA Cement recorded US$444m in sales revenues in the first half of 2022, up by 52% year-on-year from first-half 2021 levels. The producer’s profit after tax was US$145m, up by 41% year-on-year.

Published in Global Cement News
Tagged under
  • Nigeria
  • BUA Cement
  • Results
  • GCW568
02 August 2022

Ramco Cements increases sales in first quarter of 2023 financial year

India: Ramco Cements reported consolidated sales of US$225m in the first quarter of its 2023 financial year, up by 44% year-on-year. The producer recorded ‘weak’ cement prices in the quarter, during which time fuel costs rose ‘sharply.’ Its earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 17% to US$39.2m, while its net profit fell by 34% to US$14.4m.

Ramco Cements’ capital expenditure during the quarter totalled US$61.3m.

Published in Global Cement News
Tagged under
  • India
  • Ramco Cement
  • Results
  • Price
  • costs
  • Coal
  • petcoke
  • Investment
  • capital expenditure
  • GCW568
02 August 2022

Adani Group raises US$5.25bn for Holcim India acquisition

India: Adani Group has secured US$5.25bn-worth of bank loans from Barclays, BNP Paribas and Citigroup for its acquisition of Holcim’s Indian cement businesses ACC and Ambuja Cements. The Business Standard newspaper has reported that the group plans to expand its cement capacity by 43% to 100Mt/yr from 70Mt/yr.

Published in Global Cement News
Tagged under
  • India
  • Adani Group
  • Adani Cement
  • Holcim
  • Holcim India
  • ACC
  • Ambuja
  • Barclays
  • BNP Paribas Securities
  • Citigroup
  • Capacity
  • growth
  • Expansion
  • Investment
  • GCW568
02 August 2022

Caribbean Cement’s earnings drop amid increased costs in first half of 2022

Jamaica: Caribbean Cement recorded operating earnings of US$28.2m in the first half of 2022, down by 2% from US$28.8m in the first half of 2021. The company’s net income also fell by 2%, to US$19.7m, despite a 10% rise in sales to US$88.5m. The company attributed its decline in earnings to increased operational expenses amid a ‘downturn in the global economy.’

Published in Global Cement News
Tagged under
  • Jamaica
  • Caribbean Cement
  • Results
  • economy
  • GCW568
02 August 2022

Dangote Cement increases first-half alternative fuels substitution rate by 25%

Nigeria: Dangote Cement says that it raised the thermal substitution rate of alternative fuels (AF) in its group cement production by 25% year-on-year in the first half of 2022. It co-processed 67,200t of locally-sourced waste in its operations during the half.

Chief executive officer Michel Puchercos said “Although significant increases in energy and AGO costs are impacting production, we are strengthening our efforts to ramp up the usage of AF. Our on-going Alternative Fuel Project aims to leverage waste management solutions, reduce CO2 emissions and source material locally.”

Published in Global Cement News
Tagged under
  • Nigeria
  • Dangote Cement
  • Alternative Fuels
  • CO2
  • Sustainability
  • Waste
  • GCW568
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