Global Cement News

UK: Tarmac will utilise River Logic's Digital Planning Twin™ for enhanced supply chain capabilities in its cement division.

Jim Dutton, cement supply chain planning manager at Tarmac, said "We're pleased to have commissioned River Logic as a partner to work with our cement business in the UK. Working with River Logic means we have further support to simplify, connect, and optimise our supply chain efforts. With this third-generation system, we can look at CO₂ emissions data in addition to supply and demand information which supports our planning."

Mexico/Spain: Cemex has entered a partnership with energy transition investor White Summit Capital to develop projects that will contribute to its 2050 net-zero objectives. The partnership focuses on decarbonising operations and circularity, including reducing its cement’s clinker factor, optimising its fuel mix and transforming refuse into energy.

Sergio Menéndez, president of Cemex Europe, Middle East, Africa & Asia, said “We are pleased to have entered this collaboration with White Summit Capital and are excited to explore how together we can develop innovative solutions to decarbonise Cemex Europe operations and further strengthen our circularity positioning.”

Saudi Arabia: Riyadh Cement has reported its annual financial results for the period ending on 31 December 2023. Revenues were US$171m, a 7.6% year-on-year increase from US$159m in 2022. However, net profit marginally decreased by 0.6% to US$50.3m, compared to US$50.6m in the previous year.

Germany: According to a new study backed by the German Cement Works Association (VDZ), the country's cement and lime industries require carbon capture and storage (CCS) for decarbonisation. The study outlines the need for a 4800km CO₂ transport pipeline in Germany by 2035.

The VDZ warns that any delay could jeopardise Germany's 2045 climate neutrality target and estimates the investment for the new CO₂ grid at €14bn. The network is expected to transport 6.5Mt/yr of CO₂ by 2030, increasing to 46Mt by 2045. Additionally, CCS transit from Switzerland, Austria and France is expected to contribute 15 - 20Mt.

VDZ president Christian Knell said "Cement manufacturers and other industries in the EU emissions trading system must produce largely climate-neutrally by 2040."

Nepal: Sarbottam Cement's initial public offering (IPO) concluded on 8 March 2023, with the company issuing 13% of its capital. SSPro News has reported that this corresponds to a value of US$35m. Of the issued shares, 40% were allocated to qualified institutional investors. The issue was oversubscribed by a factor of 18.

The last traded price of Sarbottam Cement’s shares had risen by 10% on its first trading day on 19 March 2024.