×

Warning

JUser: :_load: Unable to load user with ID: 192521

Vietnam: VICEM Ha Tien Cement has signed an engineering, procurement and construction (EPC) contract for a waste heat recovery power generation project at its Kien Luong cement plant. The agreement is valued at US$7.5m, and was concluded with a consortium of Sinoma International Engineering, Viet Industrial Construction and Installation, and Viet Tuan Trading Construction Architecture.

The consortium will design, supply, construct and install the system, which will utilise residual heat from the clinker line to generate electricity. The project is set for completion within 16 months, and will meet a ‘considerable portion’ of the plant’s internal power needs, according to S&P Global.

Libya: Preparations are progressing for the launch of the Misrata Cement Plant project, with a technical committee reviewing the steps needed to begin implementation. The committee in Tripoli examined technical and administrative measures for completing the preparatory phase and reviewed geological and soil analysis work by the Industrial Research Centre.

It also followed up on the contract with an international engineering consultancy assisting in negotiations and implementation with China-based Sinoma – Wuhan. A Libyan project manager has been appointed to oversee and evaluate the work of the technical and consulting teams. The meeting formed part of efforts by the Libya Africa Investment Portfolio and the technical committee to move towards construction in line with international standards.

India: Shree Cement has commissioned a 20MW solar power plant in Chitrakoot district, Uttar Pradesh. Phase I has achieved commercial operation, with Phase II expected to be completed by the end of the fourth quarter of the 2026 financial year. The facility will supply renewable power to the company’s Etah grinding unit and is expected to offset about 22,000t/yr of CO₂ emissions.

The project will create 30-40 jobs for the local community. With this commissioning, Shree Cement’s total installed solar capacity stands at 313MW across India.

Managing director Neeraj Akhoury said “Each new plant is an opportunity to innovate, integrate renewable energy and lead the cement sector toward a sustainable, low-carbon future, creating lasting value for both the business and the environment.”

Mexico: Cemex has released its third quarter financial results, reporting a 5% rise in net sales and double-digit consolidated earnings before interest, taxation, depreciation and amortisation (EBITDA) growth, driven by operational efficiencies and higher prices. The company achieved US$90m in EBITDA savings through Project Cutting Edge and expects to reach its full-year target of US$200m.

During this period, Cemex completed the divestment of its operations in Panama and acquired a majority stake in US-based Couch Aggregates. In Europe, the company remains ahead of the European Cement Association’s 2030 CO₂ emissions target. Third-quarter sales in Mexico were down by 2% year-on-year to US$1.12bn, while EBITDA was up by 16% to US$369m. In the US, sales were down by 2% to US$1.31bn, while EBITDA was up by 4% to US$269m. In the Europe, Middle East and Africa region, sales were up by 11% to US$1.38bn, while EBITDA was up by 23% to US$247m. South, Central America and the Caribbean saw sales up by 6% to US$295m and EBITDA up by 55% to US$64m.

CEO Jaime Muguiro said “Our achievements in the quarter confirm that we are setting a strong foundation to position Cemex as a more focused, agile and high-performing company.”

More Articles ...

Subcategories