India: JSW Cement plans to double its cement production capacity in the eastern region to 8Mt/yr by 2023 – 24. It currently operates a 2.4Mt/yr plant at Salboni in West Bengal and a 1.5Mt/yr plant at Odhisa, according to the Press Trust of India. It intends to meet the target with a combination of upgrades and new units. It also plans to commission a new captive power plant at Salboni by July 2019.
India: Haver Ibau India has been renamed as Haver & Boecker India since April 2019. The subsidiary of Germany’s Haver & Boecker and its subsidiary Ibau started in 2008. The change in name reflects a broader industry base for the Indian subsidiary to continue to include the cement industry as well as customers from building materials, chemicals and food.
Italy: Martin Engineering has launched its successful ‘Mr Blade’ conveyor belt optimisation program in Italy's construction materials sector. The service is a direct-to-site service to maintain and replace belt-cleaner blades that has previously been implemented in the US and the UK. Martin Engineering offers a range of conveyor belt solutions in Italy for industries like energy and steel. The ‘Mr Blade’ program extends this offering to smaller sites – such as quarries, concrete and asphalt plants. Martin Engineering expects to launch its ‘Mr Blade’ service in other European countries later in 2019.
Brazil: Votorantim Cimentos’ revenue rose by 5.5% year-on-year to US$615m in the first quarter of 2019 from US$683m in the same period in 2018. Its adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) more than doubled to US$143m from US$52.2m. Its sales volumes of cement fell by 5% to 6.4Mt from 6.7Mt. It attributed the increase in revenue to its results in Brazil and Latin America, as well as positive currency effects.
Shree Cement profits weakened by fuel costs
India: Shree Cement’s revenue rose by 24% year-on-year to US$1.80bn in the year to 31 March 2019 from US$1.46bn a year earlier. Its profit fell by 27% to US$146m from US$199m. Its power and fuel costs increased by 56% to US$444m from US$284m.
JK Cement’s annual income rises by 4% to US$767m
India: JK Cement’s income rose by 4% year-on-year to US$767m in the year to 31 March 2019 from US$740m in the same period in 2018. Its profit fell by 8% to US$37.9m from US$41m, mainly due to tax expenses.
Malaysia: LafargeHolcim has completed the divestment of its activities in Malaysia with the disposal of its entire 51% shareholding in Lafarge Malaysia to YTL Cement for around Euro872m. The group says that the transaction will reduce its net financial debt by close to Euro530m. Together with the divestment of its activities in Indonesia, Singapore and the Philippines, this transaction is expected to ‘significantly’ reduce the company’s net debt to recurring earnings before interest, taxation, depreciation and amortisation (EBITDA) ratio.
Police action against UltraTech Cement mining protestors referred to Criminal Investigation Department
India: Accusations of violence by local police against activists protesting against a limestone mining lease granted to UltraTech Cement in Gujarat have been referred to the Criminal Investigation Department (CID). Police from Bhavnagar allegedly attacked protestors with batons and used tear without prior provocation during a march in early January 2019, according to the DNA India newspaper. The protestors were complaining about a mining lease for a quarry in the Talaja district.
Peru: UNACEM has launched Andino Forte, a cement product targeted at markets in the Amazon regions of the country. The product is designed for construction projects in the jungle and highland regions, according to La Region newspaper. The cement producer says it offers high resistance against salt in the medium and long term.
China: Researchers from the Xinjiang Communications Construction Group have developed a new type of cement-based concrete that uses soil as well as wind-blown sand. The new concrete also uses construction waste and steel slag, according to the Xinhua News Agency. It is intended to lower construction costs and times with applications in infrastructure projects.