Global Cement News

India: UltraTech Cement plans to acquire a 26% stake in O2 Renewable Energy for around US$2m. It is making the purchase to support the energy requirements of its plants from renewable sources, according to the Times of India newspaper. O2 Renewable Energy is currently building a solar power plant in Karnataka that is expected to generate 35 – 48MW.

Kyrgyzstan: The Terek-Tash cement plant in the Kemin district is expected to commence operations in August 2024. Akylbek Japarov, the chair of the country’s Cabinet of Ministers, made the announcement as part of a tour of the Chuy region, according to the Trend News Agency. The plant will have a production capacity of over 1Mt/yr and has had an investment of US$160m. The Russian-Kyrgyz Development Fund has contributed US$45m to the project. Once completed the plant is expected to be one of the country’s largest industrial units. It will also use ash from the Bishkek thermal power plant.

UAE: Fujairah Cement’s revenue fell by 8% year-on-year to US$93.6m in 2023 from US$102m in 2022. It reported a net loss of US$72.3m, up by 85% from a loss of US$39.2m. The company blamed the situation on higher production costs due to rising coal and fuel prices. It said that it plans to increase its cement sales volumes domestically and internationally to improve its capacity utilisation rate. It operates an integrated cement plant at Dibba in Fujairah Emirate.

South Africa: PPC’s revenue grew strongly in the 10 month period to 31 January 2024 mainly due to sales growth from its subsidiary in Zimbabwe. Revenue also mounted in the group’s South African and Botswana cement business, where prices rises offset falling sales volumes. Earnings grew across the business. The company said that sales volumes in the coastal region of South Africa “experienced a sharper decline than in the inland region, mainly due to a weaker retail market and a lack of infrastructure projects in the area.” It added that the performance in group’s South Africa and Botswana units had further deteriorated in February and March 2024. In Zimbabwe sales benefitted from both residential construction and government funded infrastructure projects, constrained imports and a low base in the previous reporting period.

PPC completed the sale of its 51% stake in Rwanda-based Cimerwa to Kenya-based Devki Group subsidiary National Cement in late January 2024.

Netherlands: Ireland-based Ecocem has agreed a deal with Overslagbedrijf Moerdijk (OBM) to expand production and storage capacity at the company’s Moerdijk slag cement grinding plant. The project is intended to allow the unit to both produce and store the company’s advanced cement technology (ACT) product. It will quadruple the storage capacity for key materials at the site up to 40,000t. Ecocem has signed a long-term agreement to lease the site from OBM, who will manage the handling and storing materials on Ecocem’s behalf.

This expansion of the Moerdijk plant is part of Ecocem’s plans to expand its manufacturing and storage capacity to support the commercialisation of ACT across all its plants. It follows the expansion of its Dunkirk plant in France, which was announced in June 2023. These expansion plans will be supported by licencing and partnership strategies to accelerate availability and adoption of scalable low clinker cement at speed.

Conor O’Riain, Managing Director (Europe), at Ecocem, said: “We are increasing our capacity at all of our locations and our deal with OBM is a hugely important aspect of our expansion strategy. It will accelerate our ability to manufacture ACT our low clinker cement technology and make it available commercially by 2026. At the same time, we are actively pursuing licensing and partnership agreements in the construction industry to ensure the benefits of this technology are shared widely and we accelerate progress to Net Zero.”

In February 2024 Ecocem said that its ACT technology received an ETA (European Technical Assessment), which provides the technology with a route to full commercialisation by 2026.