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02 February 2022

Orient Cement increases sales as profit drops in third quarter of 2022 financial year

India: CK Birla Group subsidiary Orient Cement’s third-quarter sales rose by 2.1% year-on-year in the 2022 financial year to US$82.6m from US$80.9m in the corresponding quarter of the 2021 financial year. The company saw a 19% year-on-year decline in its net profit to US$5.84m during the quarter.

Published in Global Cement News
Tagged under
  • India
  • Orient Cement
  • Results
  • GCW542
02 February 2022

Grupo Argos ranked Gold in S&P Global Sustainability Yearbook 2022

Colombia: Analyst S&P Global has given Grupo Argos the rank of Gold in its Sustainability Yearbook 2022. Grupo Argos is the only construction materials company to have achieved Gold in the yearbook. Thailand-based Siam Cement Group (SCG) ranked Silver, while Ireland-based CRH and Switzerland-based Holcim, along with the latter’s subsidiary Ambuja Cements, ranked Bronze.

Legal and sustainability vice president María Isabel Echeverri said “This recognition is a result of teamwork and the permanent commitment of Argos to building a better future in which the creation of value for society and for the company is our greatest motivation. We will continue to strengthen our initiatives and strive to positively contribute to the responsible development of our sector and the well-being of our stakeholders, to enable a more sustainable, prosperous and inclusive society.”

Published in Global Cement News
Tagged under
  • Colombia
  • Grupo Argos
  • Sustainability
  • GCW542
  • Siam Cement
  • CRH
  • Holcim
  • S&P Global
02 February 2022

Cemex Ventures invests in HiiROC

UK: Cemex’s corporate venture capital unit Cemex Ventures has invested in gas-to-hydrogen plant producer HiiROC. HiiROC’s thermal plasma electrolysis technology can process biomethane, flare gas and natural gas into hydrogen and carbon black without any CO2 emissions.

Cemex Ventures president Gonzalo Galindo said “HiiROC's solution is sustainable, scalable, cost-effective and has strong growth potential inside the hydrogen ecosystem. This investment is yet another important step in our transition from fossil to alternative fuels (AF) and towards achieving our Net Zero goal for 2050. Cemex is the clear industry leader in the use of hydrogen, and this partnership allows us to further expand our hydrogen knowledge in the ultimate quest to replace fossil fuels with hydrogen in our plants." He added "With hydrogen becoming an increasingly attractive element for industrial decarbonisation, we are excited to be one of the top companies in the cement industry that includes a clean hydrogen production startup in its investment portfolio."

Published in Global Cement News
Tagged under
  • UK
  • Cemex
  • Mexico
  • hydrogen
  • HiiROC
  • GCW542
  • Sustainability
02 February 2022

Orient Cement agrees to pay more for AMPSolar Systems stake

India: Orient Cement’s board of directors has approved a change to the company’s agreement for the acquisition of a 26% stake in renewables company AMPSolar Systems. Indiainfoline News Service has reported that the producer will now pay US$556,000 for the stake, up by 2.7% from the US$541,000 it previously negotiated in December 2020.

AMPSolar Systems recently commissioned its new 13.5MW solar power plant.

Published in Global Cement News
Tagged under
  • India
  • Orient Cement
  • AMPSolar Systems
  • Acquisition
  • Solar power
  • GCW542
02 February 2022

Russian government relaxes cement import rules

Russia: The Federal Technical Regulation and Metrology Agency (Rosstandart) has relaxed import rules for cement originating from outside the Eurasian Economic Union (EAEU). Under the new regulations the 28 day inspection period has been cut, according to InterFax. The Industry and Trade Ministry has taken the action to cope with a rise in cement consumption created by both government-backed infrastructure projects and domestic housing. It added that the Central Federal District experienced a shortage in the autumn of 2021 with associated price rises.

"We expect that the reduction of the procedure's duration may encourage importers of cement to increase the volume of its import into the country. And this, in turn, should in fact increase competition in the market and stabilise prices. This, I repeat, is the most important thing that needs to be achieved in the domestic building materials market for its balanced operation," said Deputy Industry and Trade Minister Viktor Yevtukhov.

Published in Global Cement News
Tagged under
  • Russia
  • Government
  • Import
  • Rosstandart
  • Eurasian Economic Union
  • Industry and Trade Ministry
  • GCW542
  • Shortage
  • Price
02 February 2022

LafargeHolcim Russia to restart Voskresensk cement plant

Russia: LafargeHolcim Russia plans to restart its integrated Voskresensk cement plant near Moscow. The 1.3Mt/yr unit was originally stopped in 2016. The subsidiary of Switzerland-based Holcim says it will spend Euro23m on restarting the plant. It also intends to build a dry construction mix unit at the site.

Published in Global Cement News
Tagged under
  • Russia
  • LafargeHolcim Russia
  • Holcim
  • Plant
  • GCW542
02 February 2022

Shree Cement starts commercial production at Patas grinding plant

India: Shree Cement has started commercial production at its 3Mt/yr Patas grinding plant in the Pune District of Maharashtra. The project had an investment of around US$80m and it will source clinker from a group site in Karnataka. Covid-19 related delays previously saw the scheduled commissioning date moved from late 2020 to September 2021.

Published in Global Cement News
Tagged under
  • India
  • Shree Cement
  • grinding plant
  • Maharashtra
  • GCW542
02 February 2022

Prism Johnson switches proposed grinding plant from Madhya Pradesh to Uttar Pradesh

India: Prism Johnson has decided to move a proposed increase in its cement grinding capacity from its integrated Satna plant in Madhya Pradesh to a location in eastern Uttar Pradesh. It has done so in response to geographical demand. Previously the cement producer said it was going to add around 1Mt/yr of grinding capacity for a cost of US$34m with a commissioning date scheduled for September 2023. Now it wants to build a 2Mt/yr grinding unit in Uttar Pradesh for around US$67m with a commissioning date by December 2024.

Published in Global Cement News
Tagged under
  • India
  • Prism Johnson
  • grinding plant
  • Uttar Pradesh
  • Madhya Pradesh
  • GCW542
02 February 2022

Algeria exports 5Mt of cement in 2021

Algeria: Ali Bey Nasri, the president of the National Association Algerian Exporters, says that his country exported 5Mt of cement in 2021 with a value of US$200m. Local cement production exceeded 40Mt in 2021 and a rise in exports is expected in 2022, according to the Horizon newspaper. Groupe des Ciments d'Algérie (GICA) operates half of the country’s cement production plants.

Published in Global Cement News
Tagged under
  • Algeria
  • Export
  • Groupe Industriel des Ciments d'Algérie
  • National Association Algerian Exporters
  • data
  • GCW542
02 February 2022

Worker killed at UltraTech Cement’s Jafrabad plant in Gujarat

India: One worker has been killed and two injured at UltraTech Cement’s Jafrabad plant in Gujarat. Police report that during the incident hot liquid raw material fell on the workers as they cleaned a silo during a plant shutdown, according to the Times of India newspaper. The accident took place on 30 January 2022. The investigation continues.

Published in Global Cement News
Tagged under
  • India
  • UltraTech Cement
  • Plant
  • Gujarat
  • Death
  • Accident
  • GCW542
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