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Tianshan Cement receives impairment compensation following restructuring

30 April 2024

China: Tianshan Cement, the main basic building materials subsidiary of China National Building Material, has announced an impairment compensation of US$2.77bn following restructuring. Reuters has reported that the compensation will take the form of shares.

Published in Global Cement News
Tagged under
  • China National Building Material
  • China
  • Tianshan Cement
  • restructuring
  • impairment
  • Finance
  • Shares
  • GCW657

Cementir Group launches D-Carb reduced-CO2 white cement in Europe

30 April 2024

Europe: Cementir Group launched D-Carb, a 15% reduced-CO₂ white cement, in Europe on 24 April 2024. The producer says that D-Carb cement maintains the early-age performance of its Aalborg White high early strength white cement, while helping builders to conform to the highest sustainability certifications. D-Carb cement achieves its emissions reduction without diminishing the product’s brightness. Following this, Cementir Group plans to roll out D-Carb cement across its global markets.

Group product development manager Stefano Zampaletta said "Performance and the white colour are key features of D-Carb, and exploring suitable raw materials and their combinations have been crucial in the product assessment. This has resulted in the accurate selection of pure, very light limestone from a stable source, which improves and stabilises the whiteness. Additionally, leveraging limestone fineness and particle size distribution, D-Carb ensures enhanced and consistent rheology, ideal for wet-cast applications, such as self-compacting concrete. These distinctive rheological properties allow for concrete finishes that resemble marble surfaces. Moreover, the enhanced synergy and compatibility between cement and admixture cater to a wide range of white cement applications."

Chief sales, marketing and commercial development officer Michele Di Marino said "We are thrilled to introduce D-Carb, our new umbrella brand for lower carbon cements, as part of Cementir Group’s ongoing commitment to address environmental challenges and climate change. As a leading white cement producer, the successful rollout of D-Carb is pivotal in advancing our Net Zero Emissions ambition."

Published in Global Cement News
Tagged under
  • Denmark
  • Italy
  • Cementir Holding
  • White cement
  • Product
  • Launch
  • GCW657

Thatta Cement raises nine-month sales in 2024 financial year

30 April 2024

Pakistan: Thatta Cement’s sales were US$19.6m in the nine-month period up to 31 March 2024, up by 38% from nine-month levels in the previous financial year. The producer’s cost of sales climbed by 12% to US$14.3m. Thatta Cement succeeded in raising its profit by a factor of eight to US$2.64m.

Published in Global Cement News
Tagged under
  • Pakistan
  • Thatta Cement
  • Results
  • costs
  • growth
  • GCW657

UltraTech Cement and JSW Cement named among potential bidders for Vadraj Cement

30 April 2024

India: Aditya Birla subsidiary UltraTech Cement and JSW Cement are among companies in contention to acquire Vadraj Cement, the Economic Times newspaper has reported. To this end, companies have reportedly raised US$959m-worth of new finances through loans.

Published in Global Cement News
Tagged under
  • UltraTech Cement
  • JSW Group
  • Aditya Birla
  • JSW Cement
  • India
  • Vadraj Cement
  • auction
  • Finance
  • GCW657

Conch International Holdings and Zhejiang Shangfeng Building Materials inaugurate US$250m Andijan cement plant

29 April 2024

Uzbekistan: China-based Conch International Holdings and Zhejiang Shangfeng Building Materials have successfully inaugurated their new 2.5Mt/yr Andijan cement plant, near Nayman on the border with Kyrgyzstan. Trend News has reported the cost of the plant as US$250m.

Published in Global Cement News
Tagged under
  • Uzbekistan
  • Conch International Holdings
  • Zhejiang Shangfeng Building Materials
  • Plant
  • Investment
  • Belt and Road
  • GCW657
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